Bridled Capitalism

Stephanie Ruhle and Scott Galloway had a focused discussion on CSuites and workers compensation this a.m. for which I am profoundly grateful. If the National Dems don’t focus on this issue they will go the way of the dinosaur — unless civil anarchy is launched by Trump before the 2018 elections (see Brownshirts) as he declares *martial war* on Mexico or Venezuela. National Dems are just as beholden to CSuite-backed Dark Money and Super PACS (see Citizens United v. Federal Election Commission) as are the Republicans (see

Minimum wage laws alone are a red herring; while they may be “necessary but not sufficient”, a minimum wage will always be eaten up by healthcare insurance premium hikes. The law must be made to require fiduciary responsibility to stakeholders not just shareholders, over the long term not just the short. There is a “life cycle of nations” and over the long view, (now globalized) capitalism doesn’t give a tinker’s dam about individual nations.

Unless “Say on Pay” is legalized in the US (with legal teeth, not just “suggestions”), Preferred Stock/Restricted Stock Units are eliminated or modified, Stock Buybacks are reined in so that they benefit stakeholders as well as “shareholders” (CSuites), Pre-IPO stock grants to frienemies with associated pump and dumps are regulated in a meaningful fashion, there will be no reinvestment into workers, social safety nets, enterprises. #DiabolicalGreed

Working on the Honr System (sm) – Social Economic Justice via Pervasive (Micro)payment

These are preliminary notes

Powerpoint needs to be done in epiphaneo video format: youtube, vimeo, facebook – others (as many as feasible)
possible TED talk

Daily Work, Daily Pay Same Day Fair Day’s Pay – daily labor daily wages

Honr – Pauline NT principle, OT based – Honor (pay for the value of) Parents, Teachers, Teaching Elders
Add illustrative verses (below)


NO METRICS = SOCIAL IGNORANCE ; BIASED METRICS (necessary data excluded to reinforce status quo structural inequities)

economic injustice is obscured because many metrics which describe tasks performed which are necessary to society are unmeasured and uncompensated due to controlled taxation system [ie allowable deductions, disallowable deduction] of the dominant class

example – why can I declare my currency gift to a nonprofit organization but not my labor (voluteering)? If we actually measured the total societal impact, it would have to be reflected in state and federal budgets (UN, foreign aid, etc. too)

example – prison industrial complex – poor “criminal caste”

1% backed governments, banking debt system, war banksters, UK rehypothecation ponzi scheme

Workers compensation is falsely framed as salary and employer-based benefits
(BENEFITs are just reduced salaries)

Should be paid immediately in real-time entirely in digitally liquid currencies (don’t illegally/immorally sacrifice float to banks and employers).

The point is not alternative currencies (necessarily)

Flattr button on not just blog posts and blogs but on online activity logs for every kind of activity
Quora, Wikipedia, Amazon Reviews (ANYTHING which provides value add — whether recognized by society or not)

pay (tip) an employee at a restaurant but not at an employee at Wal-Mart (folks complain they are undercompensated, denied benefits

Relational Tithing

only way a good teacher gets direct payment in THE PUBLIC SYSTEM requires that a book publisher gets a cut or a college, university or for profit school administration gets a cut

“We” say we are for MARKET BASED SOLUTIONS and then deny the customers in the market an avenue to pay for anything the dominant class (Government, current “ruling class” [ in US: corporatism, war banksters ] disallow


Social Movement –

Doctr [ used to pay in chicken, pig or cheese ]
Stay at Home Mothr / Fathr
Family Care Givr

Seers, Vizrs

EVERYONE gets an online task log populated with tasks which can be paid for immediately upon view
[taxation could be included as well where applicable by law]

Distribution Allies
Noam Chomsky. Max Keiser, Robert Reich, (Carbon Credit Al Gore), Al Franken, Pete De Fasio, Elizabeh Warren, Pat Schroeder?

Which Foundations would fund, if any?

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Bimetalism taught us that “the people’s best interest” is served by having multiple competing and complementary currencies

Bimetalism – needed for liquidity –

so Flattr and Paypal and Bitcoin and proprietary wallets must be an Honr button/platform which can be an INTERFACE to other underlying platforms

Need to have more than one currency or liquidity is sacrificed
Wlliam Jennings Bryan
will not be crucified by cross of gold
desilverization was a tactic of market rigging

Max Keiser and Antal Fekete segment
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There’s a brave new world filled with entertainment, news and tools made by everyone, and not just the big guys. This new world deserves your support.

Pick how much you’d like to spend per month. Then, whenever you see a Flattr button on a website that you like, click it. We count up all of your clicks at the end of each month and distribute your monthly spend between everything you’ve clicked on. Simple, right?

Flattr was founded to help people share money, not only content. Before Flattr, the only reasonable way to donate has been to use Paypal or other systems to send money to people. The threshold for this is quite high. People would just ignore sending donations if it wasn’t for a really important cause. Sending just a small sum has always been a pain in the ass. Who would ever even login to a payment system just to donate €0.01? And €10 was just too high for just one blog entry we liked…

Flattr solves this issue. When you’re registered to flattr, you pay a small monthly fee. You set the amount yourself. In the end of the month, that fee is divided between all the things you flattered. You’re always logged in to the account. That means that giving someone some flattr-love is just a button away. And you should! Clicking one more button doesn’t add to your fee. It just divides the fee between more people! Flattr tries to encourage people to share. Not only pieces of content, but also some money to support the people who created them. With love!

Flattr requires an account at!

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Standardized, formalized taxonomy (taxation enabled maybe) need for crowd sourced metrics and stats vs. the Department of Labor (biased by not including “traditionally uncompensated labor”)

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New inflation real time inflation index, internet of things

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Theological basis and illustrations

Jesus and Korban Mark 7:11-12

Romans 4:4 If you’re a hard worker and do a good job, you deserve your pay; we don’t call your wages a gift

Galatians 6:6. Anyone who receives instruction in the word must share {Κοινωνείτω} all good things with his instructor.

3My defense to those who examine me is this:4Do we not have a right to eat and drink?5Do we not have a right to take along a believing wife, even as the rest of the apostles and the brothers of the Lord and Cephas?6Or do only Barnabas and I not have a right to refrain from working?7Who at any time serves as a soldier at his own expense? Who plants a vineyard and does not eat the fruit of it? Or who tends a flock and does not use the milk of the flock?

8I am not speaking these things according to human judgment, am I? Or does not the Law also say these things?9For it is written in the Law of Moses, “YOU SHALL NOT MUZZLE THE OX WHILE HE IS THRESHING.” God is not concerned about oxen, is He?10Or is He speaking altogether for our sake? Yes, for our sake it was written, because the plowman ought to plow in hope, and the thresher to thresh in hope of sharing the crops.11If we sowed spiritual things in you, is it too much if we reap material things from you?12If others share the right over you, do we not more? Nevertheless, we did not use this right, but we endure all things so that we will cause no hindrance to the gospel of Christ.13Do you not know that those who perform sacred services eat the food of the temple, and those who attend regularly to the altar have their share from the altar?14So also the Lord directed those who proclaim the gospel to get their living from the gospel.

1st Timothy 5:17
17The elders who rule well are to be considered worthy of double honor, especially those who work hard at preaching and teaching.18For the Scripture says, “YOU SHALL NOT MUZZLE THE OX WHILE HE IS THRESHING,” and “The laborer is worthy of his wages.”

CSPAN Myth Day: Shareholder Value and the Global Minotaur

Author Lynn Stout talked about her book, The Shareholder Value Myth, in which she argues that corporations placed too much emphasis on increasing their stock price. She said the focus on shareholder value has prevented corporations from making a full contribution to solving the problems of the world, and described a corporate world where the effort to maximize profits in the short term had degraded the long-term value of many companies. She responded to questions from the audience.

Greek economist Yanis Varoufakis, the author of The Global Minotaur: America, the True Origins of the Financial Crisis and the Future of the World Economy, spoke about debt and the global economy. He argued against the existence of a debt crisis in the global economy or in individual countries, asserting that the problem instead was a a crisis of too much savings “with no place to go.”

What Is the Weak Link re: Big Data in Financial Services?

On the one hand CIOs Say Information Management Programs Are Underfunded while on the other firms like Morgan Stanley Takes On Big Data With Hadoop.

The way it has typically been done for 20 year is that IT asked the business what they want, creates a data structure and writes structured query language, sources the data, conforms it to the table and writes a structured query. Then you give it to them and they often say that is not what they wanted.

– Gary Bhattacharjee, executive director of enterprise information management at Morgan Stanley

Do you see the weak link?

2012/2013 Africa-wide Women in Science Competition Call for Abstracts

With a population of approximately 1.03 billion in 2011, and a growth rate of 24 million per annum, Africa’s population is expected to double by 2050. Africa’s chances of halving poverty and hunger by 2015 remain slim. The continent needs to increase agricultural productivity in a sustainable manner as well as find endogenous solutions to respond to the twin challenges of climate change and volatile food and energy prices. Increasing investments in the agricultural sector and more specifically in science, technology and innovation is seen as a viable option for achieving broad-based agricultural led economic growth, equity and prosperity.

This competition seeks to promote excellence and recognize and reward outstanding women scientists who are undertaking scientific and innovative research, technology and engineering related development activities and communicating the outputs (knowledge, technologies and approaches) to improve agricultural performance and socio-economic development in Africa.

Apparently Cybersecurity is important to the US economy, the Congress learns

H. R. 2096 To advance cybersecurity research, development, and technical standards,
and for other purposes.

Also, planning related to a national strategy concerning “HIGH PERFORMANCE COMPUTING” and “NETWORKING AND INFORMATION TECHNOLOGY”, and stuff like IT, Big Data, etc. is worth investing in at a national level.

H. R. 3834 To amend the High-Performance Computing Act of 1991 to authorize activities for support of networking and information technology research, and for other purposes.

DATA Act Passes the House [was One Day at Bandwagon Camp…]

Update (nearly two years later to the day):

My comments to a colleague over at ATCA on Yammer:

H.R. 2146 The DATA Act passed the House yesterday. Mark Warner is scheduled to introduce the companion bill in the Senate today. A synosis from an AP piece: On a voice vote, the House backed the Digital Accountability and Transparency Act, known as the DATA Act. The legislation would establish uniform standards for all recipients to report federal money and set up a single website where average Americans could search for information on how government agencies, departments and other recipients spend federal funds.

Read more: AP blurb on Foxnews

#Occupy needs to be on this ferociously. Extensible business reporting language (XBRL — pronounced “ecks burl”) is growing as a global accounting and reporting technology and the various accounting standards boards are bringing their standard vocabularies (taxonomies) into alignment. The question is: once #Occupy can identify wrong doing, do they have a legal fund and PAC strategy to pursue it? Notably, the National Governors Association came out against DATA ostensibly because it is filled with unfunded federal mandates. Point well taken. But the amount of savings each State would accrue by putting XBRL into their “data chains” would create so many efficiencies and cost savings it would be hard to anticipate at this point. However, it would also allow for apples to apples comparisons of States’ programs and we would know within a very short time who is overpaying and who is getting the graft, kickbacks, sweetheart deals, etc.

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From April, 2010:

<ed.note>I made some comments on Facebook re: where were the Tea Partiers when Bush was… Does anyone remember the Reform Party? – this strain of “we want accountability from our government” never disappears and manifests itself in a variety of ways. The Tea Partiers (and anyone else interested in government accountability) would do well to concentrate on the necessary technology — begin with requiring your politician (whatever party) to commit to open budgets expressed using extensible business reporting language (XBRL) I would also do well to point out that both political and financial press are afraid to cover this technology as it applies to realpolitik… [update] and realeconomik[update] .</ed.note>

Mike Haywood: Here’s some recent articles relating to the European crisis, extracted from my Banking Crisis Digest

Mike comments at

Why Europe’s Banks Trail in Deleveraging Process…
Spain in the spotlight as troika returns to Greece…
lrish Property Prices fall by 17.8% in the year to February…
Banks buy bonds with ECB cash, lend less to firms…
ECB Cash Isn’t Reaching Private Sector…
Portugal may need a plan B…
Pimco expects ‘second Greece’ in Portugal…
European crisis is not over, Bernanke says…
Euro Crisis: Plight of the Netherlands, Staggering Unemployment in Spain and Greece
This burden of bank debt is simply not sustainable for Ireland…
Eurozone crisis live: Greek credit default swaps ‘pay out $2.5bn’ – 19 March 2012…
Greece is heading for hell, thanks to the EU’s botched handling of the crisis…
Could Portugal follow Greece?…
Spain may be euro zone’s next source of contagion…
Growing Antitax Movement Shows Irish Stoicism Wearing Thin…
No Spanish siesta for the eurozone…
Spain’s public debt soars to record high…
Euro zone may raise bailout fund capacity to 581 billion pounds – officials…
Storm clouds gather over debt-laden eurozone as output nosedives…
Investors take fright, grab profit on Italian debt…
Italy PM Monti says worried about contagion from Spain…
Jean-Claude Trichet: radical central bank action should not disguise crisis…
Spain starts to feel the heat…
Europe according to Hayek…
Portugal Town Halls Face Default Amid $12 Billion Debt…
German Bond Prices Decline, Unsettling Confidence in a Safe Haven…

Updated: Jim Clifton, Chairman and CEO, Gallup on the State Economies (and the state of the global economy)

At the recent National Governors Association meeting courtesy of C-SPAN. Read about his new book, The Coming Jobs War.

Robert Mix’s summary of the book.

Along the same lines, “We’re in a Jetsons economy. Technology is just massively disintermediating jobs”

Is America In Permanent Decline?