Antivax Memes Based on various sources, including the recent NY Times podcast with interviews of vaccine resisters/hesitant, here’s my list of common elements. 1. Assuming the sole criterion for whether to take the vaccine is its effect on your own health—not taking into account whether you may infect someone else. Antivax people nearly always justify their choice […]
The most common proposals for pressuring people to vaccinate involve either vaccine mandates or vaccine passports. As some of the comments on my previous post suggest, there is another option, viz., making the unvaccinated responsible for the cost of their covid treatment. In theory, this can be done either by denying insurance coverage to people […]
Initial jobless claims continue in range, while continuing claims sharply decline Initial jobless claims declined another 14,000 this week to 385,000, still 17,000 above their best pandemic levels of 368,000 set on June 26 and July 10. The 4 week average of claims declined by 250 to 394,000, also 9,500 above its pandemic low set […]
Socially Ambivalent Labour Time VIII: Capital, volume one, chapters 6, 7 & 8 Chapter six, the buying and selling of labour power, contains neither “socially necessary labour time” nor “labour time socially necessary.” Instead it has a few synonyms: Suppose that in this mass of commodities requisite for the average day there are embodied 6 hours […]
Peter Singer: The reason is that we are not good at protecting ourselves against very small risks of disaster. Each time we get into a car, the chance that we will be involved in an accident serious enough to cause injury, if we are not wearing a seat belt, is very small. Nevertheless, given the […]
July jobs report: more like this, please While the NBER has declared that the recession ended in April 2020, and income, sales, and GDP have all fully recovered, two of the series that the NBER uses have yet to have made a full recovery: Industrial production, still down -1.2% compared with February 2020, and employment, […]
Coronavirus dashboard for August 4: in which I see reason for optimism by New Deal democrat It seems pretty clear that Delta burns through the dry tinder very fast – on the order of 9 to 12 weeks from onset to peak, based on the experience of the UK and India, respectively. The US […]
by New Deal democrat Weekly Indicators for August 2 – 6 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. Although the Delta wave is raging, nothing is impacting behavior. Neither producers nor consumers appear to have altered their behavior in any significant way at all because of the Delta. As usual, clicking […]
There is another world and economy out there which we do not see or hear much from other than when we talk politics and then we wonder why views may be different than ours. Michael Smith has been adding an agricultural dimension to the Bear which I think we need to understand. Years back, I […]
The absolute general law of capitalist accumulation is what “our pamphleteer” overlooked.. Our pamphleteer overlooks two things: The greater the social wealth, the functioning capital, the extent and energy of its growth, and, therefore, also the absolute mass of the proletariat and the productiveness of its labour, the greater is the industrial reserve army. The […]