Archive for October 10th, 2011

No Surprise: Lobbyists Rule the Deficit “Supercommittee” »

In the “everything old is new again” category, USA Today reports: Sixty-six former aides to lawmakers serving on a congressional panel charged with finding ways to slash the federal deficit have represented powerful defense and health care industries that face colossal cuts in government spending, a new analysis shows. Meanwhile, as the article also…
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Steve Jobs and John Kenneth Galbraith on the Dependence Effect »

John Kenneth Galbraith coined the term “dependence effect” in his 1958 book, The Affluent Society. Galbraith argues against satisfying a person’s demands for goods that are “…contrived for him. And above all, they must not be contrived by the process of production by which they are satisfied. … One cannot defend production as satisfying…
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