“Coronary Capitalism” – best phrase of the day – you pay for the things that make you sick

Capitalism is a conspiracy: a big stupid clumsy stumbling conspiracy that banks on ignorance quite successfully.

Processed food and coronary capitalism – Opinion – Al Jazeera English [hat tip to dangerousmeta]

Highly processed corn-based food products, with lots of chemical additives, are well known to be a major driver of weight gain, but, from a conventional growth-accounting perspective, they are great stuff. Big agriculture gets paid for growing the corn (often subsidised by the government), and the food processors get paid for adding tonnes of chemicals to create a habit-forming – and thus irresistible – product. Along the way, scientists get paid for finding just the right mix of salt, sugar and chemicals to make the latest instant food maximally addictive; advertisers get paid for peddling it; and, in the end, the healthcare industry makes a fortune treating the disease that inevitably results.

Coronary capitalism is fantastic for the stock market, which includes companies in all of these industries. Highly processed food is also good for jobs, including high-end employment in research, advertising and healthcare.

So, who could complain? Certainly not politicians, who get re-elected when jobs are plentiful and stock prices are up – and get donations from all of the industries that participate in the production of processed food. Indeed, in the US, politicians who dared to talk about the health, environmental, or sustainability implications of processed food would in many cases find themselves starved of campaign funds.

Processed food and coronary capitalism – Opinion – Al Jazeera English

Take Action on SuperPACs and Misleading Advertising

Take Action on SuperPACs and Misleading Advertising

TV and radio stations are required to air political ads from candidates for federal office, Jamieson points out, but that rule doesn’t apply to third-party advertising; station managers run those at their own discretion. Jamieson is calling on regular citizens to encourage their local TV stations to reject misleading political ads. But can conscience defeat cash? Jamieson’s website, Flackcheck.org, makes it easy for users to contact their local station managers.

Watch Kathleen Hall Jamieson of the University of Pennsylvania’s Annenberg Public Policy Center make her case [at the link].

Take Action on SuperPACs and Misleading Advertising

The Big Deficit Lie: Every GOP Debt Plan Leaves Us With More Debt – Derek Thompson – Business – The Atlantic

The Big Deficit Lie: Every GOP Debt Plan Leaves Us With More Debt – Derek Thompson – Business – The Atlantic

This graph compares the moderate estimates for each candidates’ debt plan against the president’s. This is all smart guesswork, mind you, but it offers a nonpartisan view of the sort of "deficit reduction" we’re really getting under these proposals. This Y-axis starts at 60, which is the target debt/GDP ratio for CRFB.

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The Big Deficit Lie: Every GOP Debt Plan Leaves Us With More Debt – Derek Thompson – Business – The Atlantic

Screw the workers

Santorum’s defensive debate night – PostPartisan – The Washington Post

And one thing was abundantly clear: The Republican candidates, particularly Mitt Romney and Newt Gingrich, thought it more important to punish unionized workers than to save the Detroit-based auto industry.

Both sought to defend their opposition to the auto bailout by arguing that the United Auto Workers union was central to the industry’s problems and that bankruptcy was the most desirable outcome because it would have undermined the union. “The UAW would have lost all their advantages,” Gingrich said.

Not a word was said about the sweeping concessions the unions made to save General Motors and Chrysler. And neither faced up to the economic chaos that letting the auto companies go down would have caused throughout the Midwest. No wonder President Obama is ahead by 20 points in Michigan.

Santorum’s defensive debate night – PostPartisan – The Washington Post

Happy National Margarita Day February 22 [hat tip to dangerousmeta]

I wonder if Marguerite knows about this.

National Margarita Day February 22 in News & Opinion on The Food Channel®

National Margarita Day February 22

The original Margarita was invented in 1948 by socialite Margarita Sames. According to the legend it was during a party at her cliffside hacienda in Acapulco that Margarita began experimenting with ‘the drink’. Looking for something to cut the dust of a hot afternoon, she mixed Tequila Herradura, Cointreau and fresh lime juice. Her cocktail kept the party going for two weeks and today the Margarita is the #1 most popular cocktail in the U.S.

National Margarita Day February 22 in News & Opinion on The Food Channel®

"It does not require a majority to prevail, but rather an irate, tireless minority keen to set brush fires in people's minds." — Sam Adams