Interesting perspective on HuffPo’s business model–a galley rowed by slaves and commanded by pirates
February 11, 2011 in Class War, Is Poverty a Forgotten Issue?, Wall Street
Tom Rutten from the Los Angeles Times has written an interesting perspective on the Huffington Post and its recent purchase by AOL:
“To grasp the Huffington Post’s business model, picture a galley rowed by slaves and commanded by pirates.”
QUEEN’S COMMENT: Well, that is certainly a model that has served the millionaires and billionaires of Wall Street well. I guess you could argue that at least Arianna and her Huffington Post doesn’t have pollution of the environment and deaths of its workers and customers as notches on their bedpost.
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“Given the fact that its founder, Huffington, reportedly will walk away from this acquisition with a personal profit of as much as $100 million, it makes all the Post’s raging against Wall Street plutocrats, crony capitalism and the Bush and Obama administrations’ insensitivities to the middle class and the unemployed a bit much.”
QUEEN’S COMMENT: One thing is certain–selling out to a Wall Street corporation with a nasty and well established history of committing fraud against its customers will definitely require some brand adjustment if not a complete re-branding on the part of Huffington Post. [AOL has been involved in various class action law suits involving charges of committing fraud such as double-billing against its customers.] I wonder if Arianna will be putting her millions in a local bank as she advised her readers to do in her campaign against Wall Street banks. [Note: I don't know if it is coincidence or not, but the Queen started such a campaign on her blog almost three months prior to its appearance on Huffington Post.]
Arianna’s business model for the Huffington Post did achieve the ultimate wet dream of most Wall Street business capitalists–making millions from free labor. While most Wall Street corporations, at least in the USA must pay at the poverty level requirement for their labor, Arianna with her thousands of bloggers, got her labor for nothing. That must have capitalists like the Koch brothers working overtime trying to figure out how they can apply Arianna’s business model to their industry.
However, Wall Street, with the assistance of the 261 millionaires in our Congress passing unfair trade agreements such as NAFTA is coming close to that achievement. Today we have American citizens like Luis Garcia from El Paso, Texas who is crossing the border daily to work in a maquiladora for $65 a week. That may not be free labor, but it’s damn close. Some billionaire in Mexico who owns the maquiladora and Ottawa Leather in the USA are making millions off the slave labor of people like Luis–many of whom die in their line of work. On October 28, 2010, 4 of the people who worked for Ottawa Leather (also American citizens living in El Paso and crossing over daily) were shot and killed. Apparently the bus in which they were riding had not paid its protection money to a local gang.







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