Posts Tagged ‘teens’

Shock Troops of Corporate Empire: Hip-Hop, Fast-Food and Social Media (August 26, 2010)

Charles presents the dark side of social media and argues that along with hip hop and fast-food, it is a mechanism to wreck the best within us and turn us into over-consuming, desensitized airheads and zombies.  He argues that the "global marketing complex" is designed to undermine "our sense of internal security by objectifying the measures of self-worth." Let’s say this is so, but has it ever been different and are hip hop, fast foods and social media really just new tools and devises to accomplish this goal? – Ilene 

Shock Troops of Corporate Empire: Hip-Hop, Fast-Food and Social Media   

Courtesy of Charles Hugh Smith, Of Two Minds 

Disc jockey

The shock troops of Corporate Empire actively undermine traditional culture, health and engagement with the real world, clearing the way for colonization and passive consumption. 

The defenders of hip-hop, fast food and social media are legion. Critics of these Corporate Empire shock troops are labeled (and thus dismissed) as fusty social "conservatives," anti-technology Luddites and "liberal" busy-bodies getting in the way of "consumer’s right to choose" their own music, food and hobbies.

The irony is the most passionate defenders of hip-hop, fast food and social media are unaware that they are actually defending the storm troopers of Corporate Empire.

Yes, there are hip-hop atists with positive messages, and fast-food giants attempting to improve the range of their offerings, and examples of social media enabling political resistance.

But all these arguments, justifications and polemics boil down to the equivalent of all the arguments, justifications and polemics in favor of corporate fascism, colonialism and Empire: the trains run on time, we’re spreading "civilization" to the "primitives," capitalism and technology will free the oppressed classes, etc.

The spirited defense is not coincidence, for hip-hop, fast food and social media are the shock troops of Corporate Empire. While marketed by defenders as either essentially harmless "youth-oriented" avenues of self-expression or the progressive vanguard of individual choice, they are the active agents of Corporate Empire "soft power," undermining traditional cultures, human health and engagement with the real world --the subtle, largely invisible realm of unconscious assumptions and propaganda I term the politics of experience.

Once traditional sources of stability and health have been undermined, dismantled and replaced with a mono-culture of marketing that glorifies self-absorption, conspicuous consumption and personal worth measured by broadcasted "likes" and other visible measures of popularity, then the Corporate…
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Recent Graduates, Teens Hit Hard In Miserable Jobs Market

Recent Graduates, Teens Hit Hard In Miserable Jobs Market

Courtesy of Mish

New State Program Seeks To Revitalize Tennessee Towns' Main Streets

The downturn in jobs is miserable nearly everywhere you look but things are especially hard on teens and recent college graduate.

Please consider In a Tough Job Market, Teens Are Suffering Most.

"The numbers are incredible," says Andrew Sum, head of the Center for Labor Market Studies at Northeastern University and a nationally recognized expert on teen employment. "Proportionally, more kids have lost jobs in the past few years than the entire country lost in the Great Depression."

The retail and construction sectors, which are usually key employers of young workers, have been among the hardest hit. Manufacturing, another typical job source for those lacking a higher education or even a high school degree, is not the force in the economy it once was. The result: the teen unemployment rate neared 28% in October before falling slightly the next month. That’s the highest ever recorded since the Federal Government began tracking it, and it’s almost triple the 10% rate for all workers.

For much of the past 60 years, the proportion of 16-to-19-year-olds who held jobs — either part or full time — was around 40%. In fact, in 2000 it was a relatively high 45%. In all, nearly 7.3 million teens were getting a regular paycheck.

Then something changed. Suddenly teens were being expelled from the workforce. It started during the pullback that followed the bursting of the tech bubble, but it never really stopped, not even during the housing- and finance-fueled expansion of the mid-2000s. From 2000 to early 2008, overall employment rose by about 10 million jobs. Teen employment headed in the other direction. By early 2008, teen employment had dropped by more than 1.5 million.

Generation Gap

The problem is that older workers are crowding out kids. An economic expansion that at its height produced 11 million jobs, as was the case in the 2000s, isn’t bad. But it is nowhere near as robust as the economic growth of the 1990s — which upped employment by 17 million jobs — or the increase of 20 million jobs in the expansion of the 1980s. What’s more, 12 million people joined the workforce in the 2000s — a million more new workers than the number of jobs created in that period. With fewer jobs


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Phil's Favorites

Might consciousness and free will be the aces up our sleeves when it comes to competing with robots?

 

Might consciousness and free will be the aces up our sleeves when it comes to competing with robots?

Our advantage lies in incommensurables, and it’ll grow in importance. Franck V. on Unsplash

Courtesy of Allan McCay, University of Sydney

The rise of artificial intelligence has led to widespread concern about the role of humans in the workplaces of the future.

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How secure is online voting with blockchain technology? WhiteDragon/Shutterstock.com

Courtesy of Nir Kshetri, University of North Carolina – Greensboro

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Repo Market Bank Regulations and the Slings And Arrows of Outrageous Leverage

 

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Are repo market regulations really behind the money market’s problems? That’s what bankers and their hired mouthpieces are saying.

So I need to get a few things off my chest about this notion that post financial crash Dodd-Frank bank regulations are the cause of the current repo market problems.

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Daily Market Forecast and Trading Patterns

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CLICK HERE TO GET REAL TIME TRADE ALERTS!

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A lightning-fast leak of closed-door testimony from US diplomat to Ukraine, William B. Taylor, reveals his ongoing belief that there was a quid pro quo between the Trump administration and Ukraine - who President Trump asked to investigate the country's role in the 2016 US election, as well as corruption allegations levied at Joe and Hunter Biden.

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Roku To Purchase Dataxu For $150M In Cash And Roku Shares

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Kimble Charting Solutions

Apple Bullish Breakout Suggesting Tech Follows In Its Path?

Courtesy of Chris Kimble

Is Apple sending a bullish message to the overall Tech market? Sure could be

Apple (AAPL) is working on a breakout above last year’s highs at (1), after creating a series of higher lows over the past year.

Tech ETF QQQ has been a similar-looking pattern to Apple over the past few months, as it is near old highs while creating higher lows.

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Biotech

The Big Pharma Takeover of Medical Cannabis

Reminder: We are available to chat with Members, comments are found below each post.

 

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As evidence of cannabis’ many benefits mounts, so does the interest from the global pharmaceutical industry, known as Big Pharma. The entrance of such behemoths will radically transform the cannabis industry—once heavily stigmatized, it is now a potentially game-changing source of growth for countless co...



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Members' Corner

Despacito - How to Make Money the Old-Fashioned Way - SLOWLY!

Are you ready to retire?  

For most people, the purpose of investing is to build up enough wealth to allow you to retire.  In general, that's usually enough money to reliably generate a year's worth of your average income, each year into your retirement so that that, plus you Social Security, should be enough to pay your bills without having to draw down on your principle.

Unfortunately, as the last decade has shown us, we can't count on bonds to pay us more than 3% and the average return from the stock market over the past 20 years has been erratic - to say the least - with 4 negative years (2000, 2001, 2002 and 2008) and 14 positives, though mostly in the 10% range on the positives.  A string of losses like we had from 2000-02 could easily wipe out a decades worth of gains.

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