Information economy: A frequent euphemism that the FIRE “service” economy (a term whose linguistic root is “servile,” meaning slave). Its economic analysis could equally well be called a disinformation economy. The strategy of financial populism is to convince people that the economy’s bottom 90% are best served by pursuing policies that favor the top 10%. Stated more bluntly, parasitism succeeds by lying. Camouflage is a kind of lying – pretending to be innocuous but actually being dangerous. Taking control of the host’s brain is supplying disinformation. (See Neoliberalism and Neoclassical Economics.) As Marx put it in the “Afterword” to the 2nd German edition of Capital (Vol. I, [1873], London: Lawrence & Wishart, 1954:25), in the wake of classical political economy, “Scientific bourgeois economics … was thenceforth no longer a question of whether this or that theorem was true, but whether it was useful to capital or harmful, expedient or inexpedient … In place of the disinterested inquirers there stepped hired prize fighters; in place of genuine scientific research, the bad conscience and evil intent of the apologetic.”
Posted on: Mon, 25 Nov 2013 14:39:11 +0000
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