Walking Away From The Marketplace

The recent sequence of posts here on lenocracy (from Latin leno, a pimp)—that is, the form of political economy in which productive economic activity gets squeezed dry by various kinds of legally mandated pimping—has fielded a response I find interesting. Next to nobody has tried to argue that lenocracy is an unfair description of the…

Lenocracy in Extremis: The Case of Publishing

I really did mean to go on to a different subject this week, rather than talking further about the system of political economy I’ve labeled lenocracy (from Latin leno, a pimp)—that is, a system that treats productive economic activity as a sucker’s game, to be milked dry by the two grasping hands of corporate power…