Thursday, October 27

Cleaning out saved posts in my kottke (Bloglines) subscription

So 3 from him.

+ Interesting map project from CommonCensus. What city do you most identify with? The've got a sports side project, too. Most interesting thing about the NFL map? The swath of Green Bay fans near Brett Favre's home town in Mississippi.

+ Congress, insider trading (quoting the whole post):

James Surowiecki on insider trading and members of Congress . From 1993-1998, "senators beat the market, on average, by twelve per cent annually". Here's a piece on the same study from the FT early last year.

Sounds pretty fishy to me

+ The social responsibility of business is to increase profits:

Debate between economist Milton Friedman, John Mackey (CEO of Whole Foods) and T.J. Rodgers (CEO of Cypress Semiconductor). (via mr)

This epitomizes my uneasy conscience with capitalism. On the one hand, the market is the most efficient way to organize the exhange of goods and services. It makes planned economies look like a Kindergarten science project.

But, on the other hand, I'm very uncomfortable with the idea that the best business can do is increase profits. In addition to being uncomfortable, I don't believe it. Our current economic millieu here in the US has companies maximizing stock market price (same thing as maximizing profits?), which often leads to dumb decisions.

[I was going to add musings about corporations and LLCs here, but haven't gotten to it yet, so... maybe later...
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