#OWS Economics: Ron Paul on Wealth and Privileges
Posted: March 2, 2013 Filed under: Democracy, Economics, Politics, Society | Tags: #OccupyWallStreet, capitalism, government, justice, Libertarianism, Ron Paul, Tea Party Leave a comment »
4. Government may not redistribute private wealth or grant special privileges to any individual or group.
Continuing my gradual critique of Ron Paul's Ten Principles, the next in line is relevant to what I've been talking a lot about these past few weeks, the great impetus behind #OccupyWallStreet: income inequality.
It's significant that the godfather of the Tea Party movement (the original form of it, anyway) includes wealth redistribution in his principles of liberty.
Graeber: “In America…the Entire System Is Built on Legalized Bribery”
Posted: June 18, 2012 Filed under: Democracy, Economics, Politics | Tags: #OccupyWallStreet, Anarchism, Beppe Grillo, capitalism, David Graeber, debt, Freedom, MoVimento 5 Stelle, revolution Leave a comment »This video interview with David Graeber of Occupy Wall Street by Italian activist, comedian and blogger Beppe Grillo covers a range of subjects this blog has also covered, focusing on debt, political power and direct democracy. The questions appear in written Italian, but most should be fairly clear to anyone with high school-level familiarity with the romance languages, and those that aren’t Graeber answers very straightforwardly and clearly. (One thing he discusses that I’m not familiar with is the Italian 5 Star movement, of which Grillo is a leader.)
Graeber’s view of the American system is essentially captured by the quote which is the title of this post. I think it’s an accurate view. What do you think? I also greatly appreciate his proposed antidote to the poison in the US system, which is for the people to act as though they are free and have power. That is what Occupy Wall Street is all about.
Maybe Some Businesses Do Need a Nanny
Posted: May 31, 2012 Filed under: Economics, news, Politics | Tags: capitalism, health, Michael Bloomberg, nanny state, New York City, soft drink sizes, supersizes 1 Comment »I’m going to take a contrarian position from the Twittersphere in its reaction to news that New York City Mayor Michael Bloomberg (who, I tend to agree, is an annoying nudge who has overstayed his welcome) intends to ban supersizes of sugary softdrinks from certain purveyors Read the rest of this entry »
Where’s the Lean, Finely Textured Beef?
Posted: March 30, 2012 Filed under: Economics, Politics, Science | Tags: beef, BPI, capitalism, eating, food, grass-fed beef, industrial food, LFTB, local food, locavore, pink slime Leave a comment »Like the estate tax , “lean, finely textured beef”has a marketing problem. The tax’s enemies have successfully hung the popular term “death tax” on it; similarly LFTB, as the meat product is referred to in the industry, has assumed the unappetizing moniker its enemies have given it: pink slime. Unlike “death tax,” which is actually assessed on the windfall some very much living heirs gross after an especially well-off loved one dies, “pink slime,” coined by a microbiologist and critic of the product, is an apt label. The stuff is pink and before being mixed into ground beef as a cheap filler to reduce its fat content and cost per pound, it is slimy.
But is it bad for you?
“See Arr Oh,” a medicinal chemist and guest blogger at Scientific American, gives a level-headed report on Pink Slime, Deconstructed
Graeber: Why Austerity Reflects a Sham Morality
Posted: February 24, 2012 Filed under: Books, Economics, Politics | Tags: Anarchism, Boston Review, capitalism, David Graeber, debt, debt ceiling, Debt: The First 5000 Years, deficit, Freedom, health care, Libertarianism 2 Comments »In an interview with David Johnson of Boston Review, anarchist/activist/anthropologist and author of Debt: The First 5,000 Years David Graeber makes a key point about the “morality” behind austerity movements that is destined to be missed by all influential economists, bankers, presidential candidates and media pundits, but which no one interested in ethics , politics, or economics should miss (my emphasis):
David Johnson: What inspired you to write the book?
David Graeber: It came out of the strange moral power that debt has over people. So many times you’re talking to people about the depredations of the International Monetary Fund in the third world, telling these horrible stories about the thousands of babies dying of preventable diseases because people aren’t allowed to maintain malaria-eradication campaigns or basic health services due to austerity measures and debt servicing, and people respond, “Well, yeah, but you can’t say they don’t owe the money. People have got to pay their debts, come on!” That common-sensical notion not only that it’s moral to pay one’s debt, but also that morality essentially is a matter of paying one’s debts can bring people to justify things that they would never think to justify in any other circumstance. For the most part, decent people tend not to think killing lots of babies is justifiable under any circumstances. But debt somehow changes all that. Why is that?
Let’s try to really pay attention to that question, because as citizens of the modern democratic-capitalist world, we are very well-educated to gloss over it. Read the rest of this entry »
Louis CK and Fans #Occupy the Entertainment Industry
Posted: December 14, 2011 Filed under: Economics, Politics, The Arts | Tags: #OccupyWallStreet, capitalism, DRM, Louis CK, piracy, property, SOPA Leave a comment »
Louis CK, the comedian and star of the FX comedy series Louis (which, I confess, I haven’t gotten around to actually ever seeing), just conducted an amazing, radical experiment in do-it-yourself capitalism that has paid off beautifully for him. Read the rest of this entry »
#OWS Economics: Who’s to Blame?
Posted: November 8, 2011 Filed under: Economics, Politics | Tags: #OccupyWallStreet, Bill Clinton, capitalism, Democrats, Glass-Steagall Act, government, Gramm-Leach-Bliley Act, justice, Libertarianism, Republicans, revolution, Tea Party 2 Comments »Here’s an interesting video from a Texas-based libertarian, John Barksdale (my spelling may be incorrect), who calls himself order9066. I’m impressed with the research he put into this subject, and I take his point very well that it was not just Republicans who were responsible for throwing out the Glass-Steagall Act of 1933, which prohibited financial holding companies insured by the FDIC from owning other companies engaged in financial speculation such as Wall Street investment firms or insurance companies, with the Gramm-Leach Bliley Act of 1999.
While this video does serve as a corrective for the idea that Democrats share little or no blame in the gutting of New Deal protections that set-up the disaster of 2008, it goes overboard in pushing Republicans into the background of the blame picture. After all, the three authors and main sponsors of the bill were all Republicans, and both houses of Congress were, in fact, controlled by the GOP. But it does highlight two main points: The fingerprints of “Third Way” Democrats in Clinton’s White House (including Clinton himself, of course) are as much in evidence on the financial deregulation of the late 1990s as the Republicans’ are; and Congressional Democrats were ineffective, at best, in preventing (and, at worst, complicit in bringing on) Glass-Steagall’s demise. Read the rest of this entry »




