Monday, May 28, 2012

John Avalon and Political-Economy Illiteracy, Facebook More Valuable Than McDonald's

John Avalon is corporate media tame and corporate America domesticated and his ignorance and Political-Economy illiteracy was in evidence and on full display on the 5/18/12; CNN StartingPoint with Soledad O'Brien.  When during an interview on Facebook's IPO and Stock valuation, John Avalon uttered the infamous and we paraphrase: Why should Facebook's stock be more valuable than McDonald's (Fast food).

John Avalon wasn't laughed at and ridiculed out of CNN studios which is also quite telling of the unfathomable depths of American Political-Economy illiteracy when a serious  socio-political commentator as John Avalon can be so revealing naive and is not corrected.

By the way the answer to John Avalon's question is simple: where does America spend more time, is it under the Golden Arches of Mcdonald's or the omniscience of their Facebook pages?  America and the rest  of the world have spoken and continued to say that Facebook is infinitely more valuable than Mcdonald's because their time and more of it, their life is spent with it.

If John Avalon does not get this basic point about value, what then is his authority to speak matters of the Human Condition which is all about value and it's objectification?

By Apropos

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