Another blast from the past

christofpierson:

“[M]odern democracy is at the service of global capitalism. We will not be voting our way toward a more humanist redistribution of resources, least of all if the market does not require it. Similarly, when we voted for Obama in 2008, we did not really vote for what we had the audacity to hope we were voting for, nor for change we really could believe in. We were voting, simply, for the choice the Democratic Party, through its intricate, arduous and obscenely expensive vetting process, presented to Democrats and Americans as the titular head of its party. We were not voting for any ideas other than the usual handful that get talked about endlessly in media that also owe their existence and wealth to global capitalism. We get what global capitalism pays for and wants and needs in that office to further its aims and agenda (of enriching the rich and distributing resources toward that end).”

Originally posted on Tragic Farce:

I call myself a Democrat because that’s how I’ve been registered all of my voting life. In fact, the older I get, the more disconnected I feel from that label. I don’t want to register as an independent because, Bernie Sanders notwithstanding, I can’t get over the prejudice that American independents are all right-wing at heart. Was it George Wallace’s American Independent Party that instilled this in me? Who knows? It’s beginning to feel, however, that the correct radical stance in this disintegrating context is to not register or vote at all. A vote begins to feel like acquiescence to the corruption.

Did Democrats or any other Obama supporter vote for the fiasco of the last month, culminating in the supreme surrender by our audacious leader last night to the anti-democrats of the Republican Party, bypassing the leaders of his own party to give the (fictional) partisanship-loathing centrists of the…

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Blast from the past, but it seems relevant still

christofpierson:

 

“It appears that the inequality gap in the US has been caused by a combination of legalized looting of public resources by the financial class and tax policies that have favored them above all other classes in the society. This is, in effect, a government underwritten redistribution of wealth away from the bottom 99% toward the top 1% and, therefore, it would seem to violate the Paulist principle that starts this article.”

Originally posted on Tragic Farce:

4. Government may not redistribute private wealth or grant special privileges to any individual or group.

–from The Ten Principles of a Free Society

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. It points up an area where these two movements can either come together or get driven apart.  There’s no question about where #ows stands on this point. Income inequality is a key symptom of the disease #0ws arose in response to, and one of its goals, I would argue,  is to force a correction of what it views this to be: a moral wrong. If Paul is…

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Graeber: “In America…the Entire System Is Built on Legalized Bribery”

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

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 Continue reading

Fun with Dishonest Quotes from the Manhattan Institute

James R. Otteson of the Manhattan Institute begins his article “An Audacious Promise: The Moral Case for Capitalism” with a shameless distortion of a quote from President Obama:

“The market will take care of everything,” they tell us…. But here’s the problem: it doesn’t work. It has never worked. It didn’t work when it was tried in the decade before the Great Depression. It’s not what led to the incredible postwar booms of the ’50s and ’60s. And it didn’t work when we tried it during the last decade. I mean, understand, it’s not as if we haven’t tried this theory.

—President Barack Obama, Osawatomie, Kansas, December 6, 2011

Clearly, Otteson wants you to think Obama attacked capitalism and the free market, but, of course, Obama did not. Here’s what Otteson elided between “they tell us” and “But here’s the problem”:

If we just cut more regulations and cut more taxes — especially for the wealthy — our economy will grow stronger. Sure, they say, there will be winners and losers. But if the winners do really well, then jobs and prosperity will eventually trickle down to everybody else. And, they argue, even if prosperity doesn’t trickle down, well, that’s the price of liberty. Now, it’s a simple theory. And we have to admit, it’s one that speaks to our rugged individualism and our healthy skepticism of too much government. That’s in America’s DNA. And that theory fits well on a bumper sticker.

In fact, Obama’s words make clear that he was criticizing Reaganite supply-side economics, which, as a professor of philosophy (Chair of the department at Yeshiva University, according to his bio!) should know, is not identical with “capitalism.” As a professor of economics, Otteson should also know that, at the very least, Obama’s case against trickle-down has some strong evidence to back him up. It should occur to anyone arguing in favor of supply-side to pause for a second and compare 30 years of predominating Reaganism with 30 years of Rooseveltian-Keynesian economics to consider which was more successful at resource distribution and scarcity management in the long run. I wouldn’t want to be on the Reaganist side of that debate if I wanted an easy win. Continue reading

Where’s the Lean, Finely Textured Beef?

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

Continue reading

Graeber: Why Austerity Reflects a Sham Morality

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. Continue reading