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Agency is the ability to make a decision, and to be responsible for the decision you make.
Since there have been armies, society has made an exception for soldiers. A soldier following orders is not a murderer, as he doesn't have agency--society doesn't generally want its soldiers questioning orders from our generals.
But the industrial age has taken this absolution to ever-higher heights. Every worker in every job is given a pass, because he's just doing his job. The cigarette marketer or the foreman in the low-wage sweatshop... they're just doing their jobs.
This free pass is something that makes the industrial economy so attractive to many people. They've been raised to want someone else to be responsible for the what and the how, and they'd just like a job, thanks very much.
As the industrial company sputters and fades, there's a fork in the road. In one direction lies the opportunity to regain agency, to take responsibility for ever more of our actions and their effects. In the other direction is the race to the bottom, and the dehumanizing process of more compliance, a cog in an uncaring system.
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Mish's Global Economic Trend Analysis |
Gallup Poll Visualizes Effect of Obamacare Posted: 09 Dec 2012 08:47 PM PST Gallup's seasonally adjusted unemployment rate is 8.3% for November, up nearly one percentage-point over October's rate. Gallup's underemployment jumped from 15.9% to 17.2%. The Gallup survey, which polls approximately 30,000 people monthly, was radically different from the BLS report that came out a day later. Please consider the Gallup economic report U.S. Unadjusted Unemployment Shoots Back Up. U.S. unemployment, as measured by Gallup without seasonal adjustment, was 7.8% for the month of November, up significantly from 7.0% for October. Gallup's seasonally adjusted unemployment rate is 8.3%, nearly a one-point increase over October's rate.Obamacare Responsible? Gallup did not offer reasons for this shift but I suspect two.
For more on Obamacare and the effect on jobs, please see
Note the sudden huge divergence between Gallup and the BLS. The Obamacare theory, even if correct, still fails to explain that divergence. In the BLS report, the labor force magically shrunk by 350,000 artificially lowering the unemployment rate. No such thing happened in the Gallup survey for the unemployment rate to blast .9 percentage points higher. Regardless of "why", if the latest Gallup survey is correct, expect to see jumps in the BLS unemployment rate in the coming months. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific. |
Gallup Reports Upper-Income Spending Worst November Ever Posted: 09 Dec 2012 09:53 AM PST With the generally upbeat spending reports on black Friday and cyber-Monday, Gallup paints a different point of view in its most recent poll that shows U.S. Consumer Spending Holds Steady, Consistent With 2011 Americans' self-reported daily spending averaged $73 in November, essentially on par with September and October. It is also similar to the $71 Americans spent last November and slightly higher compared with November 2010 and 2009 -- but still much lower than in November 2008.Note that both charts paint a different picture of holiday spending in the recovery. Spending levels did not recover to pre-recession levels, at least as reported in Gallup surveys.What consumers actually spend vs. what they report to Gallup might not be the same thing. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific. |
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If you'd rather be a chooser, enter a market or a transaction where you have something to trade, something of value, something to offer that's difficult to get everywhere else.
If all you have is the desire to get picked, that's not sufficient.
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