There Is No Cat - Dead Peasants Society

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Saturday, April 20, 2002

Dead Peasants Society

Interesting article in the Houston Chronicle about companies that take out life insurance policies on low-level employees that pay the company if the employee dies. In the insurance industry, these are known as "dead peasant" policies. Nothing like providing companies with incentives to see their employees die. I always knew I was descended from peasants, and even referred to myself as such at my job (when I had a job), but I had no idea that the company saw me that way too.... Incidentally, Laura works for one of the companies listed in the article as doing this. (Link found on The Null Device.)

Posted at 12:08 AM

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What do you mean there is no cat?

"You see, wire telegraph is a kind of a very, very long cat. You pull his tail in New York and his head is meowing in Los Angeles. Do you understand this? And radio operates exactly the same way: you send signals here, they receive them there. The only difference is that there is no cat."

- Albert Einstein, explaining radio