Quotulatiousness

February 27, 2024

The Company that Broke Canada

BobbyBroccoli
Published Nov 4, 2023

For a brief moment, Nortel Networks was on top of the world. Let’s enjoy that moment while we can. Part 1 of 2.

00:00 This is John Roth
02:04 The Elephant and the Mouse
12:47 Pa without Ma
26:27 Made in Amerada
42:15 Right Turns are Hard
57:43 Silicon Valley North
1:07:37 The Toronto Stock Explosion
(more…)

February 22, 2024

QotD: Why companies continue to irritate their customers with online social justice marketing

So, up top, when I said that Facebook “can’t or won’t” stop this kind of stuff? I lied. There’s no “can’t” about it. It’s “won’t”, for the simple reason that Facebook understands its market and the Daily Mail writers obviously don’t. You’d think that the legendarily trashy British tabloid media would get this — and as I understand it, the Daily Mail is somewhere in the bottom half of the barrel — but Facebook’s market isn’t its users. Not even big companies like Starbucks. Facebook’s market is advertisers, and what they, Facebook, are selling is views. Eyeballs. “Engagement”, I think the Ad Biz term d’art is. In short: It doesn’t matter what the comments are; it matters that the comments are.

Ad company execs are walking into a meeting with a Starbucks-sized company right now. They’re pitching a bold new social media strategy to their clients. And they know it works, these ad men say, because look at all this data from Starbucks. Their posts average so much “engagement” every time, but look, when they post on “social justice” topics, their “engagement” jumps 350%!!

In case you were wondering how all this “social justice” shit keeps appearing in ads, despite the well-known effect of pissing off companies’ established client base, well, there you go — the company execs, being #woke Cloud People, want to do it anyway, and they’ve got whole binders full of data from the marketing department that prove “social justice” ups social media “engagement” with “the brand” umpteen zillion percent.

Severian, “Internet Tough Guys”, Rotten Chestnuts, 2021-05-10.

February 20, 2024

Welcome to Dopamine culture

Filed under: Business, Media, Technology, USA — Tags: , , , , , — Nicholas @ 05:00

Ted Gioia thinks the annual “State of the Union” address is boring, but a much more relevant thing would be a “State of the Culture” address … and he’s got lots of concerns about modern day culture:

Many creative people think these are the only options — both for them and their audience. Either they give the audience what it wants (the entertainer’s job) or else they put demands on the public (that’s where art begins).

But they’re dead wrong.

Maybe it’s smarter to view the creative economy like a food chain. If you’re an artist — or are striving to become one — your reality often feels like this.

Until recently, the entertainment industry has been on a growth tear — so much so, that anything artsy or indie or alternative got squeezed as collateral damage.

But even this disturbing picture isn’t disturbing enough. That’s because it misses the single biggest change happening right now.

We’re witnessing the birth of a post-entertainment culture. And it won’t help the arts. In fact, it won’t help society at all.

[…]

Here’s a better model of the cultural food chain in the year 2024.

The fastest growing sector of the culture economy is distraction. Or call it scrolling or swiping or wasting time or whatever you want. But it’s not art or entertainment, just ceaseless activity.

The key is that each stimulus only lasts a few seconds, and must be repeated.

It’s a huge business, and will soon be larger than arts and entertainment combined. Everything is getting turned into TikTok — an aptly named platform for a business based on stimuli that must be repeated after only a few ticks of the clock.

TikTok made a fortune with fast-paced scrolling video. And now Facebook — once a place to connect with family and friends — is imitating it. So long, Granny, hello Reels. Twitter has done the same. And, of course, Instagram, YouTube, and everybody else trying to get rich on social media.


This is more than just the hot trend of 2024. It can last forever — because it’s based on body chemistry, not fashion or aesthetics.

Our brain rewards these brief bursts of distraction. The neurochemical dopamine is released, and this makes us feel good — so we want to repeat the stimulus.

[…]

So you need to ditch that simple model of art versus entertainment. And even “distraction” is just a stepping stone toward the real goal nowadays — which is addiction.

Here’s the future cultural food chain — pursued aggressively by tech platforms that now dominate every aspect of our lives

The tech platforms aren’t like the Medici in Florence, or those other rich patrons of the arts. They don’t want to find the next Michelangelo or Mozart. They want to create a world of junkies — because they will be the dealers.

Addiction is the goal.

They don’t say it openly, but they don’t need to. Just look at what they do.

February 19, 2024

The End of Race Politics by Coleman Hughes

Given how far race relations in the United States (and in Canada) have disintegrated since 2009, it’s almost surprising to find someone taking up arms against the race preferences and active discrimination being implemented by governments, organizations, and companies across North America, but Coleman Hughes’ first book does exactly that:

… almost as soon as the 1964 breakthrough in overcoming racial classifications took hold, it was abandoned. In a perverse echo of the past, sanctioned preferential treatment for blacks slowly began to replace sanctioned preferential treatment for whites. Set-asides, quotas, affirmative action all proliferated, all rooted in the old, crude racial classifications. The notion that affirmative action was a temporary adjustment, to be retired in a couple of decades at most, gradually disappeared. In fact, it was extended to every other racial or sexual minority and to women. Even as women and many blacks and other minorities triumphed in the economy and mainstream culture, they were nonetheless deemed eternal victims of pervasive misogyny and racism.

The more tangible the success for women and minorities, the more abstract the notion of “systemic oppression” became. Critical race theorists argued that color-blindness itself was a form of racism; and that all white people, consciously or unconsciously, could not help but be perpetuators of racial hate, whether they intended to or not. That’s how we arrived at a moment when Jon Stewart decided he’d tackle the subject of racial inequality in America by hosting a show called “The Problem With White People”, and when “The 1619 Project” actually argued that the American Revolution was not driven by a desire to be free from Britain but to retain slavery, which Britain threatened.

The poignancy of Coleman Hughes’ new book, The End of Race Politics, lies therefore in the tenacity of his faith in the spirit of 1964. “Color-blindness” is not the best description of this, because of course we continue to see others’ race, just as we will always see someone’s sex. No, as Hughes explains: “To advocate colorblindness is to endorse an ethical principle: we should treat people without regard to race, both in our public policy and private lives”.

That’s a principle the vast majority of Americans, black and white and everything else, support. It was the core principle for Frederick Douglass, Zora Neale Hurston, Martin Luther King Jr, and Bayard Rustin. “If I have advocated the cause of the colored people, it is not because I am a negro, but because I am a man,” insisted Douglass. Henry Highland Garnet — the first African-American to speak in Congress after the passage of the Thirteenth Amendment — even apologized for speaking of various different races, “when in fact there is but one race, as there was but one Adam”.

Fast forward to 2015, when the University of California called the phrase “There is only one race, the human race” a “micro-aggression”; or 2020, when the phrase “All Lives Matter” was deemed evidence of “anti-blackness”. The 21st Century, the brief era of color-blindness behind us, reached back to the 19th to insist that race defines us at our core, can never be overcome, and marks us all either an oppressor or a victim. The left, including the Democratic Party, has now adopted this worldview, along with a legal regime to actively discriminate against some races and not others: “equity”. That’s why Hughes cuts to the chase and calls these reactionaries in progressive clothing “neoracists”. They are. What else would one call them?

They are race-obsessed. They view any human interaction as a racial power-struggle, and compound it with any number of further “intersectional” power-struggles. They do not see two unique individuals with unique life experiences interacting in a free society. They see group identity as determinative everywhere; and therefore want to intervene everywhere, to discriminate against whites and successful non-whites in favor of unsuccessful non-whites. Individual rights? They come second to group identity.

[…]

One in five “black” Americans are immigrants or descended from them, Hughes observes. Only 30 percent of Asian-Americans think of themselves as “Asian” at all, rather as a member of a specific group — like Korean or Indian. Within the Asian box, you also have huge diversity: “In 2015, 72 percent of Indians over 25 had at least a bachelors degree. yet only 9 percent of Bhutanese did.” Ditto “Hispanic”. Any formula that conflates Cubans with Mexicans and Colombians is absurd. And don’t get me started on the LGBTQIA+ bullshit.

The woke also have a staggeringly crude understanding of power. Economic power? No doubt many whites have a huge edge in accumulated wealth in America; but the cultural power of African-Americans is global in reach and far outweighs the cultural clout of, say, white evangelicals or conservatives at home. Political power? Blacks, who are about 14 percent of population, are represented proportionally in the House — covering 29 states — and can claim the last two-term president, the current vice president, the House minority leader, the secretary of defense, the chairman of the Joint Chiefs, the mayors of the four most populous cities last year, and more than a fifth of SCOTUS.

For the neoracists, all racial disparities are entirely explained by “systemic racism”. But this obviously obscures the complexity of American society. “Culture” is a loaded and complex term, but it sure matters. A child with two engaged parents in the home has far more chances to succeed than a kid who barely sees his dad. Now look at the difference between family structure among many Asian-American groups and that of black Americans. And how can one blame “white supremacy” for the constant murderous mayhem of urban black spaces? Only by removing from young black men any concept of their own agency and humanity.

February 18, 2024

Indigo’s very bad third quarter may not be all bad news

Filed under: Books, Business, Cancon — Tags: — Nicholas @ 05:00

In the latest SHuSH newsletter, Ken Whyte discusses Indigo’s latest earnings report and points out a few things that may indicate better things to come if the firm continues its “refocus” on bookselling as its primary line of business:

“Indigo Books and Music” by Open Grid Scheduler / Grid Engine is licensed under CC0 1.0

Indigo Books & Music last week reported its third quarter financial results, covering the months of October to December 2023. Because retailers make most of their money in advance of the holiday season, Indigo’s third quarter is its most important quarter — the one that makes or breaks the year. It wasn’t good.

Revenue for the three-month period was $371 million compared to $423 million in the same period last year. Net income for the quarter was $10 million compared to $34.3 million in the prior year. Given that the company had already lost more than $40 million in the first two quarters of the year and that its fourth quarter is traditionally soft, Indigo is looking at another annus horribilis come its March 31 year end.

After every quarter, Indigo’s CEO and CFO discuss the company’s results and take questions from shareholders on a conference call. I tuned in to this quarter’s call to hear company founder Heather Reisman, recently returned as CEO, admit that it was a “challenging” time for the business. She attributed the poor performance to the ongoing repercussions of last winter’s ransomware attack, overbuys of the wrong kind of general merchandise (non-book items such as dildos, blankets, and cheeseboards), and “the premature launch of our new e-commerce platform”.

Amid all the ugly results, I heard a few things that might strike anyone interested in the Canadian book publishing industry as positive.

You’ll remember that Heather spent a few months in the doghouse last summer after announcing a terrible fiscal 2023. She retired and then un-retired in September and, on her return, pledged to take SHuSH‘s advice, clear her shelves of the dildos and cheeseboards that represent half of Indigo’s business, and recommit to selling books. I wasn’t sure if she meant it or just wanted the business community to know she was up on SHuSH. Apparently she meant it.

On the call, she spoke at length of her “transformation plan” to “connect meaningfully with book lovers”. She apparently spent the autumn shrinking her general merchandise inventory — much of the poor financial performance was due to unloading it at steep discounts. In fact, if you back out the aggressive discounting of unwanted crap, Indigo’s recent holiday season hit a slightly higher level of profitability than the prior year. Heather meanwhile reinvested in book inventory, “consistent with our long-term brand mission to inspire reading”.

I was heartened by this, more so when it emerged on the call that there are sound business reasons for recommitting to books. The printed word turned out to be Indigo’s most resilient retail channel last year. It was down only 8 percent. General merchandise was down 18.5 percent. Heather thinks general merchandise was hit especially hard because the guy she’d hired to run the place in her absence didn’t have the right assortment in stores at Christmas. That may be true, but 18.5 percent is still a big drop.

The 8 percent decline in books looks okay in relation to the rest of Canada’s retail economy. Canadian Tire just announced its results from the last quarter of 2023 and revenue was down 17 percent across the board. That suggests books more than held their own in a weak environment.

It seems reasonable to expect that if Indigo follows through on Heather’s promise and refocuses its brand and its marketing efforts and its in-store experience on books and reading, the business has a future. It will take time, as she repeatedly reminded listeners on the call. There’s still a canopy bed in the middle of the company’s flagship bookstore in Ottawa.

February 16, 2024

QotD: The PUA (Pick-up artist)

Filed under: Business, Education, Health, Quotations, USA — Tags: , , , , — Nicholas @ 01:00

If you’ve read The Game […] you can’t help being struck by how expensive all this must be, both in time and money. Mystery, the first PUA guru who kicked the whole “community” off by offering classes, charged something like $1-5000 for a week-long class — serious money back then, and that’s before you consider that guys were flying in from all over the country, indeed from all over the world, to take them. That aside, consider what it would take to hit at least three Sunset Strip clubs a night, three nights a week. I’m well past my bar-hopping days, but when I was in grad school, the “trendy” clubs in College Town charged $10-20 just in cover …

This was two decades or more ago, and College Town was in Podunkville. Imagine what they’re charging to get into the hot nightspots on the Sunset Strip. I bet just getting into the clubs costs these aspiring PUAs a couple hundred bucks, every week, for months. Then there’s all the other stuff Strauss said he did to transform himself into “Style” — laser-whitening his teeth, tanning beds, classes on elocution and posture, a whole new (and ever-changing) wardrobe, surfing. I can’t even begin to calculate it, but at one point he and three other PUAs are living in a Hollywood Hills mansion that once belonged to one of the Rat Pack — monthly rent, $50K. Then throw in the fact that all of this takes a tremendous amount of time, and consider the toll that must take on your body. I hit the sauce pretty hard back in my day, and one of the reasons I stopped was that the hangovers really started hurting — one night of bar-hopping now, and I’d be bedridden for days. I’m getting exhausted just typing this, and do you see what I mean?

And all this without getting a single girl. I think everyone here has been in at least one relationship, so we know that no matter how casual you keep it, bare-bones relationship management, even of pump-and-dumps, takes a fairish bit of time (so I’ve heard, anyway). I might be misremembering, but at one point Strauss claims he was managing something like four or five more or less long-term hookups simultaneously. I don’t think there are enough hours in the day …

Much better, then, to just say you’re a PUA. To do it Tyler Durden style, in other words. I’m pretty sure you could sell the illusion of yourself as a hardcore PUA with one not-too-expensive night on the town. Just dress up like one of these goobers, hit up one bar, and take selfies with a bunch of girls, making sure to alter the shot angles enough that no one can tell you’re in the same bar the whole time. Post one or two stories of your conquests a week, and you could portray yourself as some kind of pickup master in no time at all.

Of course, that’s if you want to consciously fake it. I have no idea what “Tyler Durden” was doing, not being a sociopath myself, but as Strauss tells it, his disciples got snookered into it. They really did want to learn how to pick up girls, but since dressing up like a PUA and talking about getting girls is much easier than actually getting girls, a night on the town with those guys ended up being an endless series of “approaches”. Again, it’s how you define “effective”, and Strauss lets the cat out of the bag a bit when he informs us of the PUA’s weird lingo for “closing”. There’s the “f-close”, of course, which should be obvious, but there’s also the “kiss close” and even the “phone number close” … and both of those count as complete successes.

Severian, “Mental Middlemen”, Rotten Chestnuts, 2021-05-05.

February 15, 2024

QotD: Multitasking is a myth

Filed under: Business, Humour, Quotations — Tags: — Nicholas @ 01:00

Now I have begun referring to myself as a slasher, I thought I should probably check that my potential hirers in the fantasy world of secure employment – the great unslashed, as it were – correctly understand what the word means. So I went a-Duck-Duck-Going and found this definition:

    Slasher: Someone who works in multitask mode

Oh no, I don’t like that. Multitasking is a myth. Multitasking means simultaneously doing lots of things equally badly. A Jack of all failures? No thanks. Let’s see if there’s an alternative description …

    Slashers come from all walks of life, and are also referred to as “hustlers”/”work-a-holics”. They are prone to work endlessly in pursuit of accomplishing their goals because of their thirst and hunger for success &/or personal fulfilment.

Almost right: the thirst and hunger come from not being paid on time. This can leave a slasher feeling poor SLASH homeless.

Alistair Dabbs, “Multitasking is a myth: It means doing lots of things equally badlySome people just like to take the p*ss”, The Register, 2019-09-27.

February 10, 2024

Fake artists? On my Spotify feed? Say it ain’t so …

Filed under: Business, Media — Tags: , — Nicholas @ 05:00

Ted Gioia rounds up a bunch of smaller music-related items in this post, including more evidence that Spotify continues to use fake artists:

I’ve griped a lot about the fake artists problem at Spotify. It’s like a stone in my shoe, and just gets worse and worse.

I’m especially alarmed by those strange playlists — filled with mysterious artists who may not really exist, or almost identical tracks circulating under dozens of different names.

Here’s a new example — a 20 hour playlist called “Jazz for Reading”.

I’m supposed to be a jazz expert. So why haven’t I heard of these artists? And why is it so hard to find photos of these musicians online?

I listened to twenty different tracks. There’s some superficial variety in the music, but each track I heard had the same piano tone and touch. Even the reverb sounds the same.

But the musicians are allegedly different.

Of course, I haven’t listened to the whole playlist. It feels endless, lasting almost an entire day!

But what’s going on here?

In other fields, this would be a scandal.

Imagine if you ran a medical office with physicians’ names on the door, but patients never got a glimpse of a flesh-and-blood doctor. Or a law firm gave out legal advice, but no lawyers were ever seen in the office.

Maybe Spotify will allay my concerns by putting these “artists” on tour. Why do I doubt that will happen?

February 9, 2024

You can’t pro-actively synergize action-oriented metrics in the heat of battle

Filed under: Bureaucracy, Business, Military, USA, Weapons — Tags: , , , — Nicholas @ 05:00

No, I’m not sure if that headline makes any sense, as I was never particularly receptive to the latest buzzwords of any given management fad that went through from the 70s onwards. They all seemed to share a few characteristics along with a bespoke sheaf of buzzwords, PowerPoint slides galore, and lots of spendy courses you had to send all your employees to endure. Is there anything more dispiriting to staff morale than a VP or director who’s just returned from a week-long training seminar in an exotic location on this year’s latest “revolutionary” “transformational” management fad?

It’s bad when companies that make widgets or smartphone apps or personal hygiene products fall for these scams, but it’s terrifying to discover that your military isn’t immune … and in fact revel in it:

Image from “Fads and Fashions in Management”, The European Business Review, 2015-07-20.
https://www.europeanbusinessreview.com/fads-and-fashions-in-management/

We spent these last few decades since the fall of the Soviet Union weaving a comfortable web of CONOPS and implemented “efficiencies” constructed of consultant-speak, weekend-MBA jargon, and green eyeshade easy-buttons bluffed from the podium by The Smartest People in the Room™ to an audience on balance populated by people who already had the short list of jobs they wanted once they shrugged off their uniform in a PCS cycle or two.

Agree, endorse, parrot, prepare …. profit!

War is New™!, Revolutionary™!, Transformational™!. Hard power is Offset™! If we change a bunch of simple words in to multi-syllabic cute acronyms … then the future will be ours, our budgets will be manageable, and our board seats will be secured! Efficiency to eleventy!

Facing the People’s Republic of China on the other side of the International Date Line … how efficient do you feel? How effective?

Something very predictable happened in our quarter century roadtrip on the way to Tomorrowland; we realized instead we wound up on Mr. Toad’s Wild Ride instead.

I would like the record to show here in 2QFY24 that this exact problem was discussed in detail back when I was a JO in the mid-1990. This is not shocking to anyone who is wearing the uniform of a GOFO. They lived the same history I did.

We knew we were living a lie that we could sustain a big fight at sea. An entire generation of Flag Officers led this lie in the open and ordered everyone else to smile through it. Ignore your professional instincts, and trust The Smartest People in the Room™.

Once again, Megan Eckstein brings it home;

    If U.S. military planners’ worst-case scenario arose in the Pacific — having to defend Taiwan from a Chinese invasion — American military forces would target Chinese amphibious ships.

    Without them, according to Mark Cancian, who ran a 2022 wargame for the Center for Strategic and International Studies that examined this exact scenario, China couldn’t invade the neighboring island.

    U.S. submarines would “rapidly fire everything they have” at the multitude of targets, Cancian said, “using up torpedoes at a much, much higher rate than the U.S. has expected to do in the past.”

    Navy jets, too, would join in — but they’d run out of Long Range Anti-Ship Missiles within days, …

    It’s this nightmare scenario that’s driving the Navy to increase its stockpile of key munitions: the LRASM, the MK 48 heavyweight torpedo, the Standard Missile weapons and the Maritime Strike Tomahawk, among others.

Over a decade after the Pacific Pivot, a couple of years after the US Navy became the world’s second largest navy after being the worlds largest for living memory of 99% of Americans, and two years after the Russo-Ukrainian War reminded everyone that, yeah … 3-days wars usually aren’t.

And the defence industries of the 1980s and 90s have all swallowed up smaller competitors — again following “normal” business practices of the time, seeking economies of scale and manufacturing efficiencies and closing down less-profitable assembly lines or entire lines of business.

Let’s go back to SECDEF Perry’s 1990s “Last Supper”, you know, the one that was all about the efficiencies of consolidation of the defense industry.

Three decades later, what is the solution to the strategic risk we find ourselves in due to our inability to arm ourselves?

    … “the bottleneck is rocket motors” because so few companies are qualified to build them for the United States, Okano explained. To help, the Navy issued a handful of other transaction agreement contracts to small companies who will learn to build the Mk 72 booster and the Mk 104 dual-thrust rocket motor so prime contractors have more qualified vendors to work with, she added.

LOLOLOL … what “small companies?” That ecosystem is “old think”. If we need to go back to that structure, that will take decades not just to build, but decades of a viable demand signal.

Looks like we have started that as “small companies” perhaps repurpose part of their company to a military division. If we can just stop them from being gobbled up by the primes, it might be nice to return to a more robust, competitive ecosystem. Soviet-like consolidation and McNamaraesque efficiencies got us here, perhaps time to try something old as new again.

Nothing is less efficient to go to war with than a military designed for an efficient peace.

February 8, 2024

North American newspaper economics

Tim Worstall discusses some of the issues ailing Canadian and American newspapers which are not easily solvable (government subsidies, as attempted in Canada, just turn the recipients into an underpaid PR branch of the governing party … not a good look in a democratic nation):

“Newseum newspaper headlines” by m01229 is licensed under CC BY 2.0 .

So, as a little corrective, a quick jaunt through what actually ails American journalism. The concentration is upon the big newspapers because that’s where the problem is worst. The conclusion is that it’s gonna get a lot, lot, lot, worse too. Because the industry is facing a base economic problem that it’s not willing to actually face up to. Or, at least, all the journalists writing about it aren’t — there’s the occasional sign that some of the business side of the equation grasp it.

[…]

Before Y2K American newspapers were segmented along geographic lines. The size of the country, the lack of a long distance passenger railroad network, meant that this was just so. If you’re printing a daily paper then you’ve got to deliver it daily. On the day it’s meant to refer to as well. If Chicago is 1,100 miles (no, I’ve not looked it up but that’s within an order of magnitude of being right, which is better than many newspapers manage with numbers) from New Orleans then the same newspaper is going to find it difficult to print and deliver to both markets. Add in the fact that trains take a week to traverse that distance, passenger trains – anyone who has ever travelled Amtrak will say it feels that long at least — included.

You could not and therefore did not have national newspaper (USA Today, with satellite printing plants, was an attempt to deal with this and slightly earlier than our cut off date but doesn’t change the basic story) distributions. What you had was a series of local and regional monopolies. Each one centred on a large population centre and serving the area around it that could be reasonably reached by truck overnight. Chicago and Cincinnati, not 1,100 miles away from each other, did have entirely different newspapers.

By contrast, and just as an example, the British newspaper market was national from pre-WWI. We simply did have overnight at worst passenger rail that covered the country. Partly it’s a much, much, smaller place, partly the passenger rail system was just different. So, printing overnight (and some maintained separate Scottish editions and plants) meant that those papers that came off the press in London at 8pm were on sale in Glasgow at 8 am, those that came off the press in London at 4 am were on sale in London at 8am. That’s not exact but it’s a good enough pencil sketch.

Cincinnati newspaper(s) served Cincinnati. Chicago, Chicago and New Orleans the area of New Orleans. There simply wasn’t a “national press” in the US in that British sense.

OK. But this also meant that American newspapers were much more like a monopoly in their local area than anything else. Network effects still exist even before computer networks after all. The most important of which was the classifieds.

As with Facebook, we’re all on Facebook because everyone else is on Facebook. So, if we’re to join a social network we’re going to be on Facebook where everyone else is — except those three hipsters who are where it isn’t cool yet. This applies to classifieds sections. Folk advertise in the one with the most readers, the widest market. Readers buy the one with the most ads in it, the widest market. You advertise the bronzed baby shoes, unused, where there are the most people looking for bronzed baby shoes, unused.

So, the dominant paper will suck up the classifieds in any particular market. Classifieds, fairly obviously back in the days of prams, cheap used cars, waiters’ jobs and so on being geographically based.

No, this is important. A useful pencil sketch of American newspaper revenues pre-Y2K was that subscriptions produced some one third of revenues. They also, around and about, covered print costs and distribution. They were, roughly you understand, about a face wash in fact.

Display ads produced another one third and classifieds the final one third. Classifieds were also wildly profitable — no expensive journalists to pay, no bureaux, just a few women waiting to get married on the end of the phone line.

February 4, 2024

QotD: American railroads and the Interstate Commerce Commission

Filed under: Business, Government, History, Quotations, Railways, USA — Tags: , , — Nicholas @ 01:00

The railroads [in the decades immediately following the U.S. civil war] saw advantages to regulation. Unstable prices, disliked by rail customers, could also be detrimental to the railroads. A recession in 1884 led to the failure of a number of railroads, and the railroads wanted to undertake pooling arrangements for their mutual profitability. Thus, the railroad industry, which was very competitive, wanted the ICC [Interstate Commerce Commission] to stabilize rates, regulate routes, and protect their profitability. Essentially, the ICC cartelized the industry, allowing it to be more profitable than it could have been in a more competitive unregulated environment.

Randy Holcombe, Liberty in Peril: Democracy and Power in American History, (2019).

February 2, 2024

“Who funds you?”

Filed under: Britain, Business, Media, Politics — Tags: , , , , , — Nicholas @ 03:00

Tim Worstall considers George Monbiot (lovingly known as “The Moonbat” to early bloggers) and his demand that others make their sources of income transparent to show whether their opinions are being “bought” by shady interested parties:

George Monbiot has his positive attributes. His change of mind on nuclear power in the face of the evidence from Fukushima — that no one at all died from three reactors going pop, while 15k and more did from the tsunami and therefore he became in favour of nuclear — is an example. OK, that’s rather hitting someone over the head with a cluebat but it’s also true that Caroline Lucas didn’t manage to note that same point. So, there is that. Even if “more aware of reality that Caroline Lucas” is a low bar to have to clear.

George can also rather dig himself into holes. As he is here with his insistence about funding of varied think tanks and so on.

And, OK, let’s go look at George’s registry of interests […]

OK, that’s the sword that George declares he’s going to live by. Fair play and all that.

Except, except. Last year was pretty good, book royalties flowing in and more power to that typing. The core earning is The Guardian, royalties on top. Not unusual for a writer to be honest. Gain a core contract that produces an ongoing and assured income, spend time floating books or other work out there to see what happens to income. Freelancing is certainly a great deal more fun if you already know where the monthly nut is going to come from with such a core contract.

But, but.

Book royalties, umm, Penguin? Used to be part owned by Pearson, also at the time owners of the Financial Times. So that’s a connection into the shadowy world of international capitalists. It’s now Bertelsman, so foreign international capitalists to boot. Macmillan? They admitted to bribery in Sudan over a school books contract. So a link to international thieving capitalists too. HarperCollins? That’s Murdoch, no more need be said, right?

But, but, a reasonable response would be that this is all far removed from the level George works at. That would be a fair enough response too.

But note the thing here. By agreeing that there’s some level of connection which is too ephemeral to matter we are agreeing that this thing called the corporate veil exists. We can indeed don the tin foil hats and connect near anything we want. Pretty much all Europeans are 16th cousins for example. So I — and George — am/are responsible for WWI because we’re both related to the Kaiser, Emperor and Tsar all at the same time. It’s our family wot dun it, see? Within economic connections that concept, that there’s this thing ‘ere which is responsible not the further connections away from that, is called that corporate veil. I shop at Sainsbury’s sometimes. The Labour Minister husband of a Sainsbury’s heiress employed two butlers (before dumping her for his boyfriend if memory serves). It’s possible to claim that I therefore fund dual butlership but it’s not a claim that all that many are going to regard as valid.

But The Guardian, that core contract. The newspaper seems to have returned to profit recently but there was a decade or so there where it was losing tens of millions a year — and more in some 12 month periods. Those losses were covered by the profits from Autotrader more than anything else. So, George was funded by the facilitation of climate destruction through the trade in internal combustion engined cars.

If, you know, we wanted to put it that way.

January 31, 2024

The LA Times recently laid off a bunch of “activists masquerading as reporters”

Filed under: Business, Media, Politics, USA — Tags: , , , , , — Nicholas @ 04:00

Tom Knighton illustrates one of the reasons so many legacy news organizations are being forced to cut back on staff in hopes of staying afloat:

Last week, the LA Times announced a massive layoff of journalists. They were just one of several places that kicked the activists masquerading as reporters to the curb.

This, of course, was met with consternation by the journalistic field as a whole.

Everyone seemed ready to warn of doom and gloom, telling us how important they are to society and that we need them.

Yet absolutely none of them seemed remotely interested in actually examining why the field is shrinking so horrifically.

Sure, the current landscape is very different due to technological advancements. For example, there’s places like Substack where I can reach out to readers directly instead of needing to filter things through a newspaper’s editorial voice.

But journalists also did this to themselves.

[…]

Because journalism’s “inherently political” tribe uses their politics to decide which stories are worth reporting. Journalists, if we can even really call them that anymore, aren’t simply sharing truth. They’re amplifying some stories and smothering others.

How often do we see stories claiming so-and-so is a white supremacist because he favors welfare reform or a tougher stance on illegal immigration? How many publications amplified the nonsense about Border Patrol agents “lassoing” illegal immigrants because of a picture they didn’t understand?

Journalism doesn’t represent the American people. It represents the Democratic Party.

In 1971, Republicans accounted for just over a quarter of all journalists. In 2022, they were 3.4 percent.

Original can be found here – https://www.theamericanjournalist.org/

Now, in 1971, those independents were probably divided between left-leaning and right-leaning to some degree or another, though the survey didn’t capture that.

In 2022, I suspect many who called themselves independent did so because they thought the Democrats were too right-leaning for their tastes.

What’s more, despite the lack of ideological diversity, that same source found that only 21.8 percent see that as needing to change.

What’s more, starting in 2016, news publications really stopped even trying to pretend they were unbiased. A form of blatantly activist journalism became common, with virtually every news agency in the nation showing at least some signs of it.

January 28, 2024

Adolescence is “a profoundly unnatural life-stage”

Filed under: Business, Education, Europe, Health, Media, USA — Tags: , , , , , , , — Nicholas @ 03:00

Sarah Hoyt on the plight of the younger Millennials and the Gen Z kids in our over-supervised safety-at-all-costs culture today:

Child labour laws did generally get younger children out of dangerous places like mines, mills, and factories. Modern child labour laws instead keep young adults from gaining work experience in many cases.
Photo of pre-teen children working in a mill in Macon, Georgia in 1909. Photo NCLC.01581, Library of Congress via Wikimedia Commons.

Mostly, it gets attributed to “kids these days” but unless you have kids, these days, you don’t know how they are bound. And even if you do, you might not realize it, because all you see is the infantilization of a generation, and not that they, themselves, aren’t the ones doing the infantilizing, but all those “good rules” and regulations and laws are doing it.

I realized about 10 years ago that my son’s generation was about 10 years behind where we were. In their mid twenties they were doing things we did in our teens. It was disconcerting. And even I had no idea why, other than too much regimentation in school, too much of a never end of button counting, and not enough room or freedom to think or be on their own.

Since then … I’ve seen more. And a lot of the reason they are younger than we were is that the entire world is geared not to let them grow up. I mean, let’s be glad that — unprepared or not — they’re legal adults at 18, or people would be denouncing them for walking alone down the street, without an “adult” at 25.

There’s also … adolescence is in some ways a profoundly unnatural life-stage, and more or less invented in the 20th century. In the past, sure, people were children, and people grew to be adults, but there wasn’t this protracted time period where they were adults in size and at least some ability, but weren’t allowed to be adults: they weren’t allowed to earn or spend, or make their own decisions, for years.

The earn or spend thing is important. Kids used to grow along with their tasks. Read Tudor or colonial memoirs, and you find four year olds looking after cows or horses, or learning Latin, or other unlikely things even for twelve year olds in our time.

Mom went to work at 10 and started getting a salary. It wasn’t much, and 90% of it went to her parents’ budget. But she was working, holding down a job, doing things that were maybe not at adult level, but could lead to it, eventually, if she applied herself. This was normal for her generation. In my own generation, amid the working class, most people went to work at 10. Heck, amid the middle class, most people went to work at 15 or so, after 9th grade. Were they more mature than the rest of us that went all the way to college?

I wouldn’t have thought that at the time, but yes, of course they were. Most of my elementary school classmates were married, with kids by the time my biggest worries were final exams. Of course, with my intellectual pride I looked down on them but now I understand they were managing a very difficult job, which at the time I could not have done.

I always feel stunned and shocked when someone says the kids should be “holding down two jobs like I was at 16” or “working to pay their way through college”. (That last is a giggle as it has two impossibilities. Finding a job that pays enough after college which has a lot of make-work expectations, and making a full-time middle-class salary, which is what college costs these days.) Two Jobs. At 16. The difficulties in giving work to 16 year olds, increasingly restriction of hours, etc. combined with chaotic scheduling in the only unskilled jobs remaining (mostly just retail) means that until recently none of them could find A job. Let alone two. And the recently was during Covid. I haven’t seen so many little 16 year olds cashiering, or serving at tables recently. And that’s because most people I’m seeing are around my age: I guess unemployment is biting hard.

But you know, all these strong rules against “child labor” mean that most kids hit 18 or, if they’re going to college, 22 or — more likely, as most degrees (remember make work?) are taking 6 or 7 years — 24, with absolutely no job experience. Which means their applications aren’t even looked at. Not seriously.

Honestly, almost every young person — particularly young men — I know who found a job, and is doing relatively well, did so through contacts. Through friends of friends. Through knowing someone.

This is a bad sign, because it’s how Portugal functions, and it is not in any way shape or form meritocracy, which in turn contributes to other things falling apart.

But more and more what I’m seeing is young people hitting their mid twenties lost, and doing this, and doing that, and trying this and trying that, and nothing ever gels. To make things worse, they don’t have the habits mom had by 10, because they haven’t been allowed to acquire them.

There was a similar generation — one, while here we’re well into two — in Portugal, where unemployment was so bad (the generation before mine) that most people weren’t “established” on a path till their mid thirties. I’d guess about half of them never got the knack of it: of the day to day of working, fulfilling the work duties, just … the unglamorous day to day that makes us adults.

January 21, 2024

QotD: The life-cycle of bureaucracies

Filed under: Bureaucracy, Business, Government, Quotations — Tags: , — Nicholas @ 01:00

… a large bureaucracy will, in approximately 100 percent of cases, become extremely wasteful, and essentially corrupt. It will perpetuate the “problem” that it was founded to solve, and at its most creative, invent new and quite imaginative evils. It will become a vested interest — an “economic player” in its own right — and spread, like a cancer, well beyond the flesh it first inhabited. Any attempt to restrain it will then engender new bureaucracies. The idea of a “humane” bureaucracy is a contradiction of terms. There is no such thing.

Gentle reader must understand that I am not speaking only of “guvmint”, but of bureaucracy, at large. The thing is not necessarily a government department. Any big corporation will quickly show symptoms. The only difference between “public” and “private” is in longevity. A private bureaucracy will kill its host, but thanks to the power of taxation, a public bureaucracy can be long sustained. It is also backed by law and police action, which even today is more effective than mere pointless rules and regulations. The latter, however, are more nimble in expansion, and prepare the ground for law — the full spiritual stasis.

David Warren, “Austrian schoolboy”, Essays in Idleness, 2019-09-17.

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