Showing posts with label profits. Show all posts
Showing posts with label profits. Show all posts

2024-02-23

The Election Issue That Dare Not Speak It's Name

What election am I referring to – whatever one is next in whatever jurisdiction you are in.

Yes I am talking about that which we dare not speak – the need to change our economic system before its ultimate collapse.

Karl Marx predicted the collapse of capitalism, and it was happening, only to be rescued by of all things socialism – the pooling of the masses resources to rescue their exploiters.

However unless we act to change the system we can only put off the ultimate demise of capitalism as we know it.

It is not so much private ownership or even profit that I am speaking of, although they contribute to the problem. I am speaking of something much more fundamental – the need to redefine what we consider to be a successful economy. The problem is we currently measure economic success as continuous and increasing unsustainable economic growth based on the continuous unsustainable exploitation of finite resources.

Capitalism also only values wage employment discounting all activities not done for a paid wage as economically meaningless, including the caring for children by parents and volunteer work or other unpaid creative work. How capitalism values work is also subjective and very fucked up, someone playing playing a game earning a million dollars a year contributes 10 time as much to the economy as someone earning 100 thousand dollars a year finding a cure for cancer. The actual value of work to society has no relation to the economic value capitalism gives it.

We also have to rethink our historic attitudes to what we call civilized and primitive. I was brought up within a society that taught that our industrialized societies built on dominating and exploiting nature were far superior to those “primitive” societies where people lived simpler lives in harmony with nature. Unfortunately our civilization is bringing our society and planet to the edge of collapse.

Capitalism has it’s religious tenets as well, the most revered being the belief (very much in a religious sense, being based on faith rather than evidence) that competition is superior to co-operation and promotes innovation.

The belief is if you have a problem and tell ten people to solve it, it will be solved faster if each person works separately inspired by the fact they will make a fortune if they succeed or become a bankrupt failure if they don't. Indeed under capitalist dogma money is the only possible motivator.

The rational understanding that ten smart people working together, and off of each others ideas, striving for the common good, will be more successful sooner than ten individuals working separately is simply capitalistic heresy. The idea that people might be motivated by something other than money is anathema to our greed based economic system.

According to theory competition is supposed to result in multiple campaniles competing for customers business resulting in the ones that provide the best value for money thriving. In reality we see that what happens is the most powerful (most ruthless) driving out the weakest in an increasing move to a more monopolistic economy, with a few dominant corporations that are deemed to big too fail and must be saved by the socialism of taxpayer funded corporate bailouts.

Whether it was the aim or expectations of it’s creators, the most important and evil result of capitalism has been the rapid increase of inequality to the point of immorality.

We have moved along way from the original promise of capitalism, if it ever existed, where entrepreneurs formed businesses to make products or supply services to customers at decent quality for a decent price paying workers an honest days pay for an honest days work, in return for a fair profit. Today’s corporations (with a few exception) are only in one business, maximizing shareholder profits.

And that is not serving the needs of society or the people.

The only real election issue (except perhaps where democracy itself is the election issue) should be what do we replace capitalism with.

2023-07-24

The stages of corporate social media

Corporate social media essentially goes through three stages.

The first is new, free and wonderful, lots of functionality, user friendly and free, or at least pretending to be free. It’s purpose is to build a customer/product base (as the customer is the product).

The second stage is monetization. The purpose is to make money so once the free loss leader period is over measures to create revenue are introduced. These are usually things the users can live with and are introduced along with measures to make the customer dependent on the product.

Once that is achieved we move into stage three, equivalent to the final stage of capitalism. We move from earning a fair profit to profit maximization with no regard for the user, the assumption being that by this time the user is convinced their very existence is dependent on the product, also known as the Facebook effect.

With the introduction of Brand X, EvilElon is clearly telling us he is moving Twitter into Stage Three as capitalism moves into it’s final stage.

2023-07-10

Should We Bring Back The Lord’s Day Act

No I am not going all religious on you This would be more of a Day for Humanity, a day that would not belong to the billionaires and millionaires but to the common people and the community.

This would be a day where all profit making activities would be banned except for activities necessary for essential public utilities and community and social services. Large scale profit making entertainment (including sports) would be banned except for local community based activities.

Perhaps most importantly all social media would shut down for the day and being constantly plugged into devices would be prohibited. Disable texting too and make people actually talk to each other

This would be a day for families of all kinds and the community to come together as people, not just as customers (or contacts), a day when our interactions with each other would not be transactional, a day that would proudly not contribute to the so called economy or the GDP or GNP.

A Day for Humanity, once a week.

2023-02-27

COVID-19 Pandemic Reflections and The Next Pandemic

Well the pandemic is over, at least according to most governments, science and medicine not so much. So now it is time to look back, and to look forward.

Perhaps my biggest reflection is that governments, at least in Canada, did not receive the rational criticism for their failures that they should have. The media was intent on concentrating on the irrational response of the anti-science, anti-public health, anti-vaxer crew who were co-opted by the far right white supremacist convoy types in Canada. The left, on the other hand, felt so strongly the need to defend the principle of governments acting to protect Canadians from this deadly pandemic that they failed to properly criticize governments failures in doing so. Not that there was no rational criticism, but what there was was overwhelmed by the Freedumb Convoy Shitshow.

The biggest failure was in not being prepared, even though scientists and public health officials had predicted that pandemics would be commonplace in the future, along with not following the precautionary principle and treating it as airborne until that could be completely ruled out.

But the most egregious, and I would say unforgivable decision, was to not utilize the front line of our health care system, but rather shutting down the vast majority of family physicians’ offices pushing an even greater workload onto the overwhelmed hospital system. This was either complete negligence on the part of the health care system or a clear indication we don’t actually have a health care system but just a bunch of disconnected parts.

As far as messaging goes, we had the use of the language “social distancing” rather than “physical distancing” at a time when maintaining social connections was critical to people’s mental health. Along with that error in messaging was the message to stay inside, rather than stay away from other people, at a time when getting outdoors (with appropriate precautions) could be critical people’s mental health.

However, in the long run, if only coincidental, there is some truth to the arguments for “no more lockdowns” and “we have to learn to live with the pandemic”.

If and when pandemics become a normal part of our reality we will indeed have to learn to live with them and it will not be sustainable to completely shut down our economy and society everytime they occur. Shutdowns or lockdowns, whatever you want to call them, will have to only occur rarely and for short periods when necessary to get an initial grasp of what is happening. And they will of necessity have to be political decisions.

But living with pandemics does not mean ignoring them. It means taking necessary precautions, such as physical distancing, masking with high quality masks, extensive vaccination programs, and, at times, restricting the highest risk activities such as large indoor gatherings of people packed closely together for long periods, methods that have been proven to work and reduce the incidence and seriousness of the outbreaks and most of all save lives.

But most importantly it means being prepared beforehand.

The first step in being prepared is having a primary care system where everyone has access to a primary care physician. In Ontario everyone does not have access to a primary care physician so we urgently need to drain more family doctors, fast track the approval of foreign trained doctors to work in Ontario and increase immigration and training of doctors from abroad, along with increasing the number of nurse practitioners available. And, of course, not shutting the primary care system down during a public health emergency.

We also need to have a hospital system that is not running at over 100% of capacity during the best of times. How do we build in excess capacity without it being inefficient. By using that excess capacity. As it is now so-called elective surgery is ridiculously backlogged. But this elective surgery is not elective at all. What we call elective surgery is surgery for non-life threatening conditions. Knee and hip replacements, eye surgery and many other so called elective surgeries may not be life saving but they certainly can be life changing for many patients for whom they make life worth living again. We can then, in the case of a public health emergency, divert that capacity to save more lives during a future pandemic. Purpose built publicly funded and operated specialty clinics can be part of that solution, and can be used to treat pandemic patients separate from hospitals, reducing the risk of infecting patients in the general hospital population.

And, though it need not be said, when the problem is the lack of doctors and nurses adding profit into the system is not going to solve the problem, only add unnecessary costs.

It also should not have to be said that the lives of vulnerable elderly persons should not be routinely sacrificed to ensure the profit margins of private long-term care facilities, creating a situation where those needless deaths increase exponentially during a pandemic. Being prepared for future pandemics requires that all health care should be publicly funded and operated. Private profit has no place in health care because that profit always has to come at the expense of patient care.

The other need for preparedness is economic. During the COVID pandemic the government scrambled to implement makeshift assistance programs for those economically impacted by the pandemic, and though it helped many it was a very messy solution. What we need is a permanent solution that will not only deal with public health emergencies but also with the economic disruptions of a transition from a fossil fuels based economy to a sustainable energy based economy. What we need is a guaranteed basic income along with a fair progressive taxation system.

There is no justification for not being prepared for the next pandemic.

2022-06-14

SocialCoin – The Socially Responsible Alternative to Bitcoin

 I am placing this concept in the public domain for anyone with the necessary technical skills to create the structures and necessary algorithms to implement it.

Wikipedia provides an extensive section on Bitcoin and in particular Bitcoin mining.

Essentially Bitcoin is created by an energy wasting computer process they call mining. The value (profit) is based on “proof of work” provided by the computer process and not by any product mined, as no product is produced in so-called Bitcoin mining. A computer algorithm determines the amount of value (profit) that accrues to the Bitcoin “miners:

So how does SocialCoin work. Mining SocialCoin involves utilizing energy, resources and labour to create social housing, But based on the Bitcoin model the value (profit) is not produced by the product created, so the housing created can be given freely to public or non-profit housing agencies, housing co-ops or directly to those needing housing. Like Bitcoin, the product created is irrelevant to the creation of SocialCoin. Like Bitcoin the value (profit) derived from mining SocialCoin is based on the work done and derived by a computer algorithm and accrues to the SocialCoin “miners”.

I challenge any economist to demonstrate that this concept is not as feasible as Bitcoin.

2022-04-23

How to Make Credit Card Purchases Safer – Banks, Are You Paying Attention

Do you worry about the security of your credit card information when you provide it to lesser known merchants to make payments ? Do you worry that the information you provide to well known major merchants could be stolen as their databases are hacked as seems to happen regularly ? Do you wonder why merchants need to have access your credit card information ?

What if when you went to pay for goods online, or using merchant point of sale terminals, you were diverted to your bank’s credit card site where you could make payment using a secure transaction and have the bank send confirmation to the merchant that payment was made, without having to provide any personal financial information to the merchant. For recurring payments like monthly service fees the bank could provide an ongoing confirmation that expires on a date set by the purchaser. Would that make you feel more comfortable and more secure ?

I refuse to believe that in this day and age the technology to do this does not exist and I refuse to believe that nobody has thought of this before. I can only wonder who profits from retaining the current unsafe and insecure system for making credit card purchases.

Banks and credit card companies, are you paying attention ?

2020-10-02

The MEC Mess an Intuitive Understanding

These comments are not based on any comprehensive analysis but rather my intuitive response to what has been filed in court and published online and the media coverage.

It appears that both sides may be correct, sort of.

From a business point of view the Board of Directors actions may be the best way to preserve as much of the operating business as possible.

From a co-operative point of view the opposing MEC Members are clearly correct that this goes in opposition to MEC's founding principles and values and those of co-operatives in general.

Need it be stated that MEC is a co-operative and not a for-profit business.

2020-06-07

Why #DeleteFacebook

Not because Mark Zuckerberg is a self-entitled white-privileged frat boy who based Facebook on an app he developed called Facemash to rate students “hotness”.

Not because of Facebook’s Predatory Business Model that leverages users and their friends personal information to maximize profits.


And not because Mark Zuckerberg is a Trump enabler who either supports, sympathizes with, or fears the American President's power.

BUT because no corporation should have the kind of control over the amount of personal (and in many cases corporate and government) information and data that Facebook seeks to have for the sole purpose of maximizing profits, and no person should willingly give them that.

2010-08-01

Thousands Line Up For Newest Apple iThing

Thousands have lined the streets prior to the release of Apple's newest product. Apple fans, with their credit card limits newly boosted to the max, are lining up in advance of the January 13, 2013 release of the latest Apple Inc. product whose price and function are a heavily guarded secret. Price apparently is no object when it comes to being first to get the newest iThing. The product, whose function is still undetermined, will simply be known as the iProfit.

2010-02-17

Who Is To Blame For The Olympics

So is it all just fun and games and are we all just blind to what is wrong with the Olympics.

I don't think so. I think many people have problems with what the Olympics have become with more emphasis on profit than sport and more emphasis on sponsors than athletes, not to mention the impact on the communities the Olympics are held in, which is more often positive for the wealthy and negative for the poor. On the other hand, many have been sucked into the spectacle that the Olympics have become, a spectacle that is dependent on, and supportive of, corporate money and sponsors. Sponsors money feeds the spectacle and the spectacle feeds corporate profits and somewhere in there is IOC empire building.

But we support the Olympics anyway because we still believe in the ideal, and more importantly because it is the only Olympics that the athletes have.

As for the Olympic sponsors, some seem to be really bizarre.

I do find it ironic that the company that has been exploiting Canadians longer than any other company is an official sponsor, especially since their Canadian Olympic clothing is "Made in China", but they do have the protection of the Fashion Police.

I also find it really strange to watch world class athletes promoting McJunk food and I have to wonder how many IOC or VANOC dinner meetings have been held at the Official Restaurant of the Olympics. And then there are the official Olympic drugs, not to mention official beer and wine suppliers. And what is a sporting event without an official gambling provider.

And I am offended by the fact that the Olympic organizers are forcing Canadians, and visitors, who want to use a credit card at the Olympics (and do not have the right card) to get a new one.

And then there is this.

There have been protests raising serious concerns about the Olympics, although protesting at an international sports/cultural event obviously does not receive the same amount of public acceptance as protesting at international political/economic events. The protests have included some damage to the property of corporate sponsors by masked "protesters". They state their case here.

While I can certainly agree that the minimal physical damage done by these masked "protesters" is nowhere near the damage done to the poor and disadvantaged by the holding of the games I cannot condone it, primarily because it does more harm than good to the cause.

I am one who believes people should stand up for what they believe in and not hide behind masks. I am even uncomfortable with the concept of anonymous blogging, but I can understand the reason for it and it does no harm to anyone. If these "protesters" want to make a point about damage done to the poor by doing damage to the property of those they consider to be causing it, then do it out in the open, surrender to the police, and then argue your case in the courts of law and public opinion.

But what I would suggest, as an alternative to protests that alienate the public, is that in the future the emphasis be put on the People’s Summit aspect of the protests and that the protesters propose to the Olympic organizers that they will not take to the streets in exchange for the Olympic organizers sanctioning and publicizing a People’s Summit that examines all aspects of the Olympics. The media should pledge to give the People’s Summit reasonable coverage, especially the host broadcaster. The People’s Summit should be completely independent, possibly university based, and include full criticism of the Olympics. It should provide for some participation by Olympic organizers, which would allow them to state their case and, more importantly, allow them to be held accountable by the public for their actions.

This will be to both sides advantage - the serious protesters will be better able to make their case and reach the public without a public backlash and they will not be tainted by the actions of so-called anarchists, who will be marginalized and easier for the organizers to deal with.

This is not to say that the problems are not serious enough to justify taking to the streets but that the alternative can be more effective in reaching, rather than alienating, the public.

Of course if Olympic organizers are not prepared to be subjected to public scrutiny and public criticism they can always reject the idea and suffer the consequences of continuing, and probably escalating protests at future Olympics.

In closing, I want to say, as a Canadian, that I am proud of all our Bronze Medal Winners and others in the world can make as many jokes about that as they want. I do not believe that you're a loser if you don't win a gold medal. Indeed, if you've worked hard enough to actually be good enough to participate in the Olympics you're already a Winner and I am proud of all of our Olympic athletes.

2009-02-06

Building A New Society From The Collapse of Capitalism

This is the first of a series on the economic crisis opportunity.

Karl Marx said “from each according to his ability, to each according to his needs”. In other words we are all expected to contribute to society what we can and only expected to take what we need. Under socialism laziness and greed are both vices.

Unfortunately under modern capitalism greed is considered more of a virtue than a vice and has become the driving force of the economic system. It is greed that has brought capitalism to where it is today.

So is socialism the answer. Rather than try to insert a lengthy treatise into the middle of this post let us just all agree that we are not ready to move to that stage at this point in time.

But we do need to change our way of thinking and the way we live in this world for the good of the planet and it’s peoples.

Capitalism has simply gotten out of control, especially American capitalism where most corporations today operate on the principle that “corporate officers have a fiduciary duty to maximize shareholder value”, that is profits, without regards for employees or customers, or communities, or the broader public good.

We have seen it in our communities with the decline of local businesses and the growth of mega corporations. As owners become more disconnected from their businesses concerns for workers and customer value disappear to be replaced by the pursuit of, not just a fair profit, but maximized profit.

And we are all complicit as we sell out our friends and neighbours who worked in the locally owned businesses and local factories, for cheap goods produced abroad by near-slave labour.

Alongside greed, but driven by it, are false assumptions. The first false assumption is that wealth creation is all that matters, and wealth redistribution is an evil of socialism. The assumption being that as long as we keep creating wealth the rich will keep getting richer but enough “crumbs” will trickle down to working people and the poor to keep them happy. This is based on the same theory that sees recessions as the worst thing that could possibly happen. But it is a theory based on continuous and unlimited growth, a dangerous false assumption, The planet simply does not have the resources to support unlimited economic growth without self-destructing.

So where do we go from here. For the moment those responsible are still living their lavish lifestyles, pausing only to fly to Washington in their corporate jets to ask the common people to bail them out with their tax money. But the fact is that the American economy, and even the Canadian economy is so dominated by these mega corporations that their failure would have serious implications for working people.

In the short term governments need to keep the economy from collapsing, for the broader good, But they should not do it on the corporations terms but in a way that serves the common people. In the long term this is an opportunity to change the way the economy works – to an economy that serves the common good, not just corporate interests.

We have seen that countries with mixed economies, in particularly Canada, with a greater degree of government regulation and involvement in the economy have done better than the American pure capitalist approach. We need to learn from that, and build on it. But we need to go much further in building an economy for the people and the planet rather than an economy just for the corporations.

We can build an economy that can provide everyone with a decent quality of life if we responsibly and sustainably utilize and distribute the planet's resources.

Future posts will look in more detail at what we need to do in the short and long term.

2007-10-15

Blog Action Day for the Environment

Today is Blog Action Day for the Environment.

One can only wonder in amazement why there are still Global Warming doubters in light of the international scientific consensus and the recent recognition by the Nobel Committee that Global Warming is a threat to international peace and security.

The press would like to maker everyone think that there are two somewhat equal opposing scientific views here. But, just as in reality there is only one scientific position on whether the earth is flat, on whether gravity exists and whether we evolved or were created, there is really only one scientific position on the existence and the major cause of Global Warming - man.

One can only speculate as to what the doubters motives are because the ironic thing about fighting Global Warming is that, even if for some strange region the virtual consensus of the world’s climate scientists was wrong and the marginal fringe was right, fighting Global Warming would still be good for the environment and the economy.

The doubters are becoming increasingly marginalized, as groups such as the Canadian Council of Chief Executives and Canadian Association of Petroleum Producers support taking action on Global Warming.

Even capitalists are beginning to realize that without a planet there are no profits and that a waste-based economy is not sustainable in the long run.

There are profits to be made from increased development in the third world, but the planet simply cannot sustain development in the developing the world in the wasteful way it has been done in the developed world.

The developing world will have to develop differently than we have, and if we expect them to do that we have to change our habits and provide the technology to make that happen.

So what do we do to reduce the development gap in a sustainable way. The largest infrastructure factors are communications, transportation and housing.

In the communications area the developing countries are already skipping past the infrastructure heavy wired communications that we in the developed world grew up with and going straight to wireless technology (though wireless does have health concerns).

In transportation there is an opportunity for the developing world to avoid the North American reliance on the automobile by developing pedestrian and bicycle friendly cities and adopting a more European public transit focused approach to transportation.

In housing there is lots of room to make huge improvements in the quality of housing and water and sewage infrastructure without the excesses of North American society. Heating is the big energy eater in housing in the developed world. As most developing countries are in warm climates that is not a big factor. At least in the short term they may have to forgo the luxury of universal air conditioning.

As the developing world moves forward, we must also move forward. but in a different way than the past. The first thing we have to recognize that standard of living measured in the old fashioned economic way, how much we consume and waste per person, is not equivalent to quality of life. We can live much less extravagantly, particularly in terms of energy use, and increase our quality of life. Status, in terms of huge houses and automobiles that we do not need, will not buy us happiness.

North America can move towards less reliance on the automobile and more public transit, especially if we raise taxes on gasoline and put the funds into improved public transit. It has not destroyed European economies and it will not destroy North American economies.

In housing we can move from extravagance to comfort in our housing choices. The first thing we can do is remove the artificial tax incentives, such as capital gains tax exemptions on residences regardless of size or value, that encourage people to own bigger houses than they need.

As individuals we can start with our personal choices. Even simple things like changing light bulbs and buying energy efficient appliances, when done by increasingly large numbers of people can have a very significant cumulative effect. They also have an important indirect effect, because when we make these kinds of decisions we are also telling government and industry what our values and priorities are.

There are huge and sustainable profits to be made in developing sustainable products and technologies. Profits made from destroying the planet have an inevitable short future.

We are beginning to realize that we can change our way of living to a more sustainable one and increase our quality of life.

A green future is a long future.

2007-06-21

A Trip to the Chocolate Factory

You may have noticed I missed a couple of weeks posting to my blog. We have had visitors for the last two weeks and I have neglected the blog.

My daughter was up from Toronto York University visiting and we went to visit the Hershey Chocolate Shoppe in Smiths Falls. The factory shoppe is a chocolate lovers dream come true and the prices are better than retail and they throw in a free chocolate bar or two with every purchase.

However, the Hershey Chocolate Factory is closing while Hershey is opening a new plant in Mexico.

This is just another example of how the capitalist market works. But sometimes we forget that it works that way because we let it and we let it because we have lost our sense of community. We would rather buy cheaper chocolates than provide jobs for our neighbours. Not all of our money goes to low wages, of course. Besides high profits, much of it is paid to high paid advertising gurus to convince us to buy products in the first place.

Communities across North America complain about the impact Wal-Mart will have on their local businesses . If local people care about their local businesses all they have to do is continue to shop at them. So why do we not do that. Why do we all flock to the huge Wal-Mart instead. Why do we watch local clothing and shoe factories close while we buy cheap goods from abroad. Are we that greedy. Do we just not care.

Much more than money and jobs is at stake here. If we rebuilt our sense of community I have no doubt that the results would astound us, mental health problems would decline, crime rates and vandalism would decline, quality of life would improve and everyone would be happier and feel more secure.

We can start by saying “hi” to our neighbours next time we walk down the street. If indeed we do walk down the street and not drive to the corner store, if we have one. But that is another whole column.