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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