Douglas Rushkoff Time Ain T Money Analysis

Humans have been using the measurement of time to dictate their day since the early eras of ancient civilizations with sundial then evolving into the mechanical clocks we use today. For thousands of years with time measurement tools, humans have depended on a strict schedule to determine what to do to use up the time they have. In today’s modern world, adult humans use their time to contribute to society by working nine to five jobs and young adults spending their childhood in a classroom. In Henry David Thoreau’s book, Walden; Life in the Woods, Thoreau discusses the concept of time. In Thoreau’s excerpt “Economy,” he offers the paradox whether humans live off borrowed time or stolen time from their employers. He explains in a rhetorical statement that by reading his own book would be “robbing your creditors of an hour,” implying that the human civilization has been putting their work in front of their own self-interests in hope of success and money. Although Thoreau wrote the paradox as a brief commentary for the money driven human civilization, this paradox acts as a metaphor towards Thoreau’s view on the use of time for humanity.

During the 1920s or the “Roaring Twenties,” there was monumental social and political changes. The nation’s total wealth more than doubled, so there was lots of money to be spent and that's exacting what the American people did. One opportunity available for spending newly gained wealth was purchasing stocks from Wall Street , the banking district for the NYSE. For a while, buying stocks was something only the rich upper class could participate in but a new method of purchasing shares called “buying on margin” allowed the middle class to buy shares of stocks by borrowing the money from a broker

There are millions of ways to make money in the world. Every day millions of people invest their money in the New York Stock Exchange (NYSE). On average, there are five trillion dollars in stocks traded daily (Picardo).This is one of the reasons America has the largest economy in the world. The stock market creates jobs for thousands of people and has done nothing but show a steady increase since the day it opened (Knight). Wall Street symbolizes the way America’s economy is a free market. The stock market affects almost everybody, not only in America but all over the planet.

“So we beat on, boats against the current, borne back ceaselessly into the past.” Even we live in the moment. It’s also a scene of crossings, bridging past and present. People struggle ahead but often obsess themselves with the past and present.

"Social Time: The Heartbeat of Culture", is an article for Robert Levine and Ellen Wolff, it extend readers with the authors’ viewpoints and research about ‘time-sense’ in different cultures. Robbert and Wolff emphasize that there is difference of ‘time-sense’ in two levels, which are inter cultural and cross cultural. When we move into a new culture, understanding the differences of ‘time sense’ might help us to set ourselves to new people and also new places. The author also describe how ‘time sense’ vary in different cultures is more explained by the author’s experience and research. Having lived in Brazil meaning "tomorrow" referring to that Brazilians usually defer whatever they need to do. To find out if "the ‘manha’ pattern

In E.P. Thompson’s essay “Time, Work-Discipline, and Industrial Capitalism”, he argues how the rise of standardized time, which coincided with employed labor and capitalism, changed how people view time from how “time passes” to “time spent”. Time became a commodity in which it could be bought and sold. Time that was not spent “properly” was considered wasted, which Thompson calls time-thrift, which preindustrial societies were not very preoccupied with in comparison. Thompson explores this transition of the sense of time in relationship to the Industrial Revolution, benefits and disadvantages to the new time-discipline, and a possible mixture of the old and new time-disciplines in the future.

The United States signaled a new era after the end of World War I. It was an era of hopefulness when many people invested their money that was under the mattresses at home or in the bank into the stock market. People migrated to the prosperous cities with the hopes of finding much better life. In the 1920s, the stock market reputation did not appear to be a risky investment, until 1929.First noticeable in 1925, the stock market prices began to rise as more people invested their money. During 1925 and 1926, the stock prices vacillated but in 1927, it had an upward trend. The stock market boom had started by 1928. The stock market was no longer a long-term investment because the boom changed the investor’s way of thinking (“The Stock Market

Enron’s use of informal or social control as a means of guiding employee actions contributed to its illegal actions forwarded by a pervasively negative culture and led to the ultimate downfall of the firm. In order to examine how Enron made a greater use of social control than formal control, this paper will first propose frameworks that describe what social control are formal control are. Then, it will use key details from the documentary to show how Enron’s culture fit the a framework of social control that generated its actions. Finally, the paper will discuss how formal controls were in place but, display how these formal controls were minimized and not the primary catalysts through a discussion of espoused values. These arguments will then show how Enron’s greater use of social control to direct the actions of its employees led to the bankruptcy of the company and loss of the employees’ pension and life savings.

In Michael Lewis’s Flash Boys, Lewis expands upon the issues related to high frequency trading, and argues that there are built in inequalities and issues in the financial markets after the emergence of regulations and technology within the stock markets and exchanges. Lewis predominantly focuses on the United States stock markets and how inequalities are being created by High Frequency Traders (also known as HFTs). The essential questions are whether High Frequency Traders are weakening the market and creating inequalities or hardships, and, if they are, who is primarily affected? Extensive research proves how high frequency trading has a negative effect on the market and potential

Michael Brown, in his novel “Finding the Field: an adventure of body, mind and spirit” claims (in his fourth universal truth) that now is the moment that matters that. He supports his claim by first arguing the counterclaim, he states that “most of us, most of the time, are not where our bodies are. Our minds are away in the future or the past.” and “The prospect of instant heaven produces a condition-red, ego security alert. Your ego will push every alarm button it can reach.” Brown then supports his claim by stating what it mean to live in the moment. Browns purpose is to explain what his audience has to do in order to live in the moment. He establishes an analytical tone for people that are living in the past.

In the wake of the recent financial crisis, many commentators attempted to analyze the roots of the conflict from a political or economic perspective. Anthropologist Karen Ho, a veteran of Wall Street as well as an academic, attempted to understand the reason that Wall Street behaves the way it does in her 2009 anthropological study of American finance entitled Liquidated: An ethnography of Wall Street from a cultural perspective. The central paradox with which Ho begins her book is: " the economy experienced not only record corporate profits and the longest rising stock market ever, but also record downsizings," further concentrating the wealth in America (Ho 2009: 1-2). But how can corporations grow richer as the American public as a whole grows poorer? Corporations no longer view themselves as responsible for taking care of their employees, creating good products, or serving their original mission. Instead, the focus is on generating shareholder wealth (Ho 2009:3). Shareholders, not the larger public, have become the symbolic and real focus of firm strategy. The shareholder "symbolized and 'stood in' for the whole of the corporation and became the sole locus of concern and analysis" during the time Ho conducted her study in the late 1990s and continues to this day (Ho 2009:175)

There is a sense of complexity today that has led many to believe the individual investor has little chance of competing with professional brokers and investment firms. However, Malkiel states this is a major misconception as he explains in his book “A Random Walk Down Wall Street”. What does a random walk mean? The random walk means in terms of the stock market that, “short term changes in stock prices cannot be predicted”. So how does a rational investor determine which stocks to purchase to maximize returns? Chapter 1 begins by defining and determining the difference in investing and speculating. Investing defined by Malkiel is the method of “purchasing assets to gain profit in the form of reasonably

'Out of a thousand unconventional ideas, probably only a hundred are worth experimenting with. And out of those one hundred, only 10 have the power to transform a business(Hryniuk, 2001).' Literally, 'revolutions seldom succeed(D'Aveni, 2002)'. The whole article equips us with the thought that revolution is essential and vital for companies. Revolution could be profitable. However, chasing revolution leads incumbents to another convention which exactly is to seek revolution itself. Sometimes and usually, the first brave man to break with conventions challenges

Management researchers seem to agree that the things that companies do called "corporate culture" is an intangible concept and hence difficult to define. Among the attempts to define "corporate culture", the following definition is useful as a starting point:- "culture represents an interdependent set of values and ways of behaving that are common in a community and that tend to perpetuate themselves, sometimes over long periods of time" (Kotter and Heskett,1992,141) Peters and Watermann argue that changing a culture cannot be accomplished.

In management literature today, the greatest use of the concept of Taylorism is as a contrast to a new, improved way of doing business. In political and