Lemon socialism is a pejorative term for a form of government intervention in which government subsidies go to weak or failing firms (lemons; see Lemon law), with the effective result that the government (and thus the taxpayer) absorbs part or all of the recipient's losses. The term derives from the conception that in socialism the government may nationalize a company's profits while leaving the company to pay its own losses, while in lemon socialism the company is allowed to keep its profits but its losses are shifted to the taxpayer.
Mark J. Green coined the exact phrase in a 1974 article discussing the utility company Con Ed.
Privatizing profits and socializing losses refers to the practice of treating company earnings as the rightful property of shareholders, while losses are treated as a responsibility that society must shoulder. In other words, the profitability of corporations are strictly for the benefit of their shareholders. But when the companies fail, the fallout—the losses and recovery—are the responsibility of the general public. Popular examples of this include taxpayer-funded subsidies or bailouts.
"Hey, @ConflictBot, can you help us out here?"
I have written before about my volunteerism as chair of the annual fund in my local public junior high school. That experience gives a unique perspective on the income inequality issues we face today.
Let’s look at a few of the current annual fund goals for schools in the Pasadena area.
- $75,000 is the annual fund goal for Eliot Arts Magnet Academy (a PUSD school).
- $500,000 is the annual fund goal for an Altadena charter school.
- $4.3 million is the annual fund goal for a Pasadena private school.
These annual fund numbers reflect the income levels of parents because when you set a goal for an annual fund you must reasonably expect that the goal can be reached. Annual funds in public schools derive monies primarily through parents and alumni.
Julia Cowlishaw has been named the new CEO of Vroman's Bookstore in Pasadena, Calif., and Book Soup in West Hollywood, Calif., She begins on January 6.
...the next browser war is here and it’s a goat rodeo.
Originally bookmarked on January 16, 2020 at 03:37PM
Rotten Tomatoes is home to the Tomatometer rating, which represents the percentage of professional critic reviews that are positive for a given film or television show.
The word “digital” seems to be everywhere: digital publishing, digital currency, digital art. Digital this, digital that. What does digital mean? Dictionary.com’s six definitions for digit: noun 1. a finger or toe. 2. the breadth of a finger used as a unit of linear measure, usually equal to 3/4 inch (2 cm). 3. any of …
My secondary backup is on OneNote (I’d used Evernote in the past and I find them roughly similar), where I’ll tend to keep some personal daily to do lists (not too dissimilar from a digital bullet journal) and other private things that are easier to keep there than on my own website.
I like that both OneNote and my website are available on almost all the platforms I regularly use, so they’re always accessible to me.
I’m thinking about what the domain would be for my photo website. And then an idea struck me. What if someone made an app that looked JUST like Instagram. But all the photos came from RSS feeds from individual photographer websites. You could subscribe to a whole list of photographer websites, and their photos will …
My photos are far from the sort of artistic thing you’re looking for, but it would be nice if one could find a broader section of websites that provided photo-specific feeds like mine.
I’m thinking about giving up tweeting for one week, and instead write out all my thoughts and reactions on my blog. So far this year, I’ve been having a lot of fun blogging more. In the past decade when I have an idea, I would head to Twitter and blurt it out. Now, writing out …
Since he doesn’t support Webmentions yet, I’m manually syndicating my reply to his website in support of his efforts.
A new way of understanding climate change and other phenomena.
We are obliged to do something about them, because we can think them. ❧
Annotated on January 15, 2020 at 08:56AM
It’s very difficult to talk about something you cannot see or touch, yet we are obliged to do so, since global warming affects us all. ❧
It’s also difficult to interact with those things when we’re missing the words and vocabulary to talk about them intelligently.
Annotated on January 15, 2020 at 09:00AM
Timothy Morton is Rita Shea Guffey Chair in English at Rice University in Houston. He is the author of Realist Magic: Objects, Ontology, Causality and Hyperobjects: Philosophy and Ecology after the End Of The World. ❧
want to read these
Annotated on January 15, 2020 at 10:10AM
Or global warming. I can’t see or touch it. What I can see and touch are these raindrops, this snow, that sunburn patch on the back of my neck. I can touch the weather. But I can’t touch climate. So someone can declare: “See! It snowed in Boise, Idaho, this week. That means there’s no global warming!” We can’t directly see global warming, because it’s not only really widespread and really really long-lasting (100,000 years); it’s also super high-dimensional. It’s not just 3-D. It’s an incredibly complex entity that you have to map in what they call a high-dimensional- phase space: a space that plots all the states of a system. In so doing, we are only following the strictures of modern science, laid down by David Hume and underwritten by Immanuel Kant. Science can’t directly point to causes and effects: That would be metaphysical, equivalent to religious dogma. It can only see correlations in data. This is because, argues Kant, there is a gap between what a thing is and how it appears (its “phenomena”) that can’t be reduced, no matter how hard we try. We can’t locate this gap anywhere on or inside a thing. It’s a transcendental gap. Hyperobjects force us to confront this truth of modern science and philosophy. ❧
A short, and very cogent argument here.
Annotated on January 15, 2020 at 10:07AM
On objects and slices; on design systems and scale.
Robin brings a helpful name to this problem, by way of the philosopher Timothy Morton: hyperobject. A hyperobject is an entity whose scale is too big, too sprawling for any single person to fully appreciate their scale. Climate change, financial markets, socioeconomic classes, design systems—they’re systems we move through, but their scale dwarfs our own. ❧
Hyperobject is an interesting neologism and concept
Annotated on January 15, 2020 at 08:47AM
Capturing the most interesting bits of social media - and putting them on the web
I'm in the process of gradually enhancing my site's markup with microformats, in order to "indiewebify" my site further. On thing I noticed while working on this at the Düsseldorf Indiewebcamp, is that WordPress (or the way my theme handles) tags on posts has no way to get an additional class insid...