Soren Viggo, a pharmacist in South Sacramento, California, makes more than $100,000 a year and owns his own homes. However, Mr. Vigo, age 30, struggles to afford the basic necessities, including groceries, utilities, insurance, and gasoline. “When you are used to spending a couple of dollars per gallon on gasoline, and the prices nearly quadruple, … Continue reading
From Opiates, Brainwashing, and Fasting to the Resurrection of Values as a Concern
Once upon a time, wealth was elemental. One had it or one did not have it. It was solid. It was material. And it was easy to understand that wealth gave power, and power wealth. It was simple because both were based on land. Land was the most important capital of all. Land was finite—meaning … Continue reading
Dramatic as they Seemed at the Time, the Upheavals Wrought
Dramatic as they seemed at the time, the upheavals wrought by Milken were only part of a much larger revolution. For today’s changes in the control and channeling of capital—still one of the changes in the entire economy. In Morgan’s time, and throughout the heyday of Wall Street power, the mass production of millions of … Continue reading
Born with the Proverbial Silver Spoon in His Mouth
When his name first exploded into the headlines, Michael Milken was an intensely private, work-obsessed an in his early forties, nominally a senior vice-president of Drexel Burnham Lambert, an investment banking firm actually co-founded by Morgan in 1871. Despite this deceptive title, Milken was more than just another senior vice-president. He was the architect of … Continue reading
You Do Not Feel Powerful at All?
As one moves up the evolutionary ladder in neural complexity, game-playing behavior becomes richer. The intelligence of primates, including humans, allows a number of relevant improvements: a more complex memory, more complex processing of information to determine the next action as a function of the interaction so far, a better estimate of the probability of … Continue reading
We Beat Workers Less and they Produce More
Cooperation itself has received comparatively little attention from biologists since the pioneer account of Trivers; but an associated issue, concerning restraint in conflict situations, has been developed theoretically. In this connection, a new concept—that of an evolutionarily stable strategy—has been formally developed. Cooperation in the more normal sense has remained clouded by certain difficulties, particularly … Continue reading
Faith in Machinery is Mankind’s Greatest Menace
Along with the venality of its controllers, the technology of television predetermines the boundaries of its content. Some information can be conveyed completely, some partially, some not at all. The most effective telecommunications are the gross, simplified linear messages and programs which conveniently fit the purposes of the medium’s commercial controllers. Television’s highest potential is … Continue reading
Not in Frequently the Mafia Helped Employers “Deal With” Militant Workers
Francis Bacon, born in 1561, was the first man of the technocratic age. In saying this, one may be disputing no less an authority than Immanuel Kant, who said that a Kepler or a Newton was needed to find the law of the movement of civilization. Perhaps. However, it was Bacon who first saw, pure … Continue reading
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