We are focused on a punishment model (and, this being America, extracting as much revenue as possible). Government should be focused upon TEACHING people how to live safely and how to protect themselves and how to 'safetify' their space. Though I am nor directly connected with anyone who lost their lives at Ghost Ship, i have plenty of friends who do live and work in converted loft space. However, they are 'maker' people, or 'burners' (in other words, have building skills) and are collectively capable of securing their space. Many are not so blessed, and so need to be supported.
The so-called 'underground' art scene actually also houses people with new ideas, brings vibrancy, and provides an incubator for new ventures that help a city grow and prosper - and provides an environment that draws people into the city proper.
Which we should be supporting - right?
#WTFeconomy we need to recognize that consumer goods and service impact our standard of living, the assumed purpose of an economy, in ways meaningfully different than capital goods and services. And because we don't really know the relation of the two types of goods and services to the whole of our economy, our data collection on the whole is simply mistaken. We buy shoes to wear but we, the consumers, don't buy shoe factories, etc. The flow of money from buying shoes is different than the flow of money building shoe factories, etc.
A parallel from physics might help. Einstein’s most famous formula, E = M x C2 assumes knowledge of three factors [energy, mass, and the speed of light] well known at his time; what wasn’t understood was the “=,” the "x" and the “ 2 “, namely the relationship between these three factors. No one, except Einstein figured that out. We have to do the same thing with the economy; that is, understand the relationship between consumer goods and services and capital goods and services to the economy as a whole. No economist that I know of has done that. Joan Robinson has come the closest. Schumpeter points to it. The beginning of all science is the question and the question posed above is what is being denied, overlooked, assumed to be answered!
Answering that question and collecting the data inherent in a different understanding of the economy as a whole will change one of the key components assumed to be known in the article itself, let alone any and all conclusions based on that assumption.
plus.google.com - Netflix for newspapers, please. So: while people get their prolefeed from…
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