Without Campaign Finance Reform, Nothing Changes
If we ever hope to be a truly fair representative democracy, we need to have campaign finance reform. The Republicans in the Senate have just blocked a proposed Constitutional amendment that might help do that. In America, the money owns the people. Not the other way around.
Superficially Attractive Celebrity Hammers Home Shallowness of Populace
You, the American consumer, are much like a mildly sedated monkey: passive; easily distracted; focused upon only the most superficial occurrences. A clothing corporation celebrates these traits in a new advertisement that will certainly catch your attention, you shallow monkey.
Endorsing Legal Weed Does Not Make You a "Thought Leader"
The New York Times editorial board has finally endorsed legalizing marijuana. This is widely viewed as a landmark moment in mainstream drug policy thought leadership. It should be viewed also as a testament to the ossified uselessness of mainstream thought leaders.
We Are Lucky
A broad issue that's arisen as an offshoot of the whole Jill Abramson-getting-fired discussion: Do successful people (in the media and elsewhere) get there mainly by luck, or by skill/ virtue/ drive/ other endearing quality? It is luck, of course. Never forget that it is mostly luck.
The Myth of the CEO
Mary Barra, the CEO of GM, spent yesterday being grilled by Congress for her company's years-long failure to fix a known safety defect in its cars. Barra's lack of answers is being blamed on the size of the organization she leads. Which is a great argument against the salaries that CEOs earn.
The Worst Things Are the Things That "Everybody Knows"
Michael Lewis's new book Flash Boys, about the inherent unfairness of high speed trading, is the talk of Wall Street and the financial media. The backlash to the book is a familiar refrain: "Everyone already knows that." Well, that's the point, isn't it?
Robert Marcus took over as CEO of Time Warner Cable in January. Six weeks later, the company was sold to Comcast. When the deal goes through, Marcus will receive $80 million, "a severance payment that amounts to more than $1 million a day in compensation for the less than two months he ran the company." He earned it.
Vice Is Very Touchy About Its Wonderful Work on Behalf of Brands
Shane Smith, the burly head of the VICE empire, is now worth several hundred million dollars, thanks to his company's peerless ability to sell counterculture cool to mainstream corporations. Don't mention that to Shane, though. It's a sensitive topic.
Crush Nepotism Wherever It Lives
The New York Times reported yesterday that JPMorgan Chase is under federal investigation for hiring the children of China's elite with the explicit goal of boosting the bank's business prospects. Good. Nepotism on Wall Street is just as gross as nepotism at the media outlets that cover Wall Street.
Shady Marketing Firms Are Still Quietly Bribing Bloggers (Updated)
In 2011, I was approached by a shady online marketing firm that offered to pay me to quietly insert links to their clients' websites in Gawker posts. We imagined that exposing the practice might end it. Not at all! It's happened again.


