Skip Navigation
Megan McArdle

Megan McArdle - Megan McArdle is a senior editor for The Atlantic who writes about business and economics. She has worked at three start-ups, a consulting firm, an investment bank, a disaster recovery firm at Ground Zero, and The Economist. More

Megan was born and raised on the Upper West Side of Manhattan, and yes, she does enjoy her lattes, as well as the occasional extra-dry skim-milk cappuccino. Her checkered work history includes three start-ups, four years as a technology project manager for a boutique consulting firm, a summer as an associate at an investment bank, and a year spent as sort of an executive copy girl for one of the disaster-recovery firms at Ground Zero … all before the age of 30.

While working at Ground Zero, Megan started Live From the WTC, a blog focused on economics, business, and cooking. She may or may not have been the first major economics blogger, depending on whether we are allowed to throw outlying variables such as Brad Delong out of the set. From there it was but a few steps down the slippery slope to freelance journalism. She has worked in various capacities for The Economist, where she wrote about economics and oversaw the founding of Free Exchange, the magazine's economics blog. She has also maintained her own blog, Asymmetrical Information, which moved to The Atlantic, along with its owner, in August 2007.

Megan holds a bachelor's degree in English literature from the University of Pennsylvania and an M.B.A. from the University of Chicago. After a lifetime as a New Yorker, she now resides in northwest Washington, D.C., where she is still trying to figure out what one does with an apartment larger than 400 square feet.

It's not theft, it's capitalism!

By Megan McArdle
Nov 8 2007, 4:40 PM ET Comment

Ezra approvingly cites Atrios saying:

I'm always surprised how many people fail to be sympathetic to striking workers simply because they perceive them to be "well-paid." Certainly one can always find a more worthy cause, a more desperate case, someone more "deserving." But ultimately this is about whether management gets to screw workers, and that's something we can all be concerned about whether it's janitors, Hollywood writers, or even millionaire baseball players.

The main issues for the WGA are rather simple - when the studios repackage their work until the end of time in new and exciting media formats, how much residuals should they get (if any). If you fail to "sympathize" with striking writers, you think that management should just expropriate the value of their work forever. In other words, you sympathize with management.


This is rather a creative use of the word "expropriation". The writers have a contract. They are selling a product--the right to their work--to the studios. The writers would like to sell this product on more generous terms; the studios would like to buy it on less generous terms. If either party is dissatisfied with the terms, it can refuse to enter the transaction. No one is stealing from anyone else, except in the sense that the shopowner I purchased eyeglasses from yesterday "expropriated" several hundred dollars from me, when I would much rather have had the eyeglasses for free.

I don't have a dog in this fight; I think both the companies and the writers are entitled to negotiate as hard as they like. I'm betting on the writers, though. How many more reality television programs and Law and Order reruns can America consume?

I'm also upping my Netflix subscription. Luckily, I haven't even started Lost or Babylon 5 . . .

Presented by

More at The Atlantic

Occupy Kindergarten: The Rich-Poor Divide Starts With Education Why Rich Kids Do Better in School
Can Full-Metal jousting Become the Next Ultimate Fighting Championship? Can Full-Metal Jousting Become the Next UFC?
Mourning in America: Whitney Houston and the Social Speed of Grief Whitney Houston's Death and the Social Speed of Grief
Iran War Would Cost Trillions: Will the GOP Pay More Taxes for That? Would the GOP Raise Taxes to Fund a War With Iran?
Using the Internet as Matchmaker: The Drawbacks to Online Dating The Drawbacks to Online Dating

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register.
blog comments powered by Disqus
Special Report
Election 2012 Reuters Election 2012
The destination for full politics coverage, from the primaries to the White House. Read more ›
View All Correspondents

The Biggest Story in Photos

Athens in Flames

Feb 13, 2012

Subscribe Now

SAVE 59%! 10 issues JUST $2.45 PER COPY

Facebook

Newsletters

Sign up to receive our free newsletters

(sample)

(sample)

(sample)

(sample)

Megan McArdle
from the Magazine

Why Companies Fail

GM’s stock price has sunk by a third since its IPO. Why is corporate turnaround so difficult…

The Graduates

Busted banking careers, crashed consultants, and shrunken incomes: the author attends her 10-year…

Romney’s Business

The Republican contender touts his business experience—but does it really matter?