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James Goodman

Occupy Wall Street's 'Political Disobedience' - NYTimes.com - 0 views

  • Our language has not yet caught up with the political phenomenon that is emerging in Zuccotti Park and spreading across the nation, though it is clear that a political paradigm shift is taking place before our very eyes. It’s time to begin to name and in naming, to better understand this moment. So let me propose some words: “political disobedience.”Occupy Wall Street is best understood, I would suggest, as a new form of what could be called “political disobedience,” as opposed to civil disobedience, that fundamentally rejects the political and ideological landscape that we inherited from the Cold War.
  • Civil disobedience accepted the legitimacy of political institutions, but resisted the moral authority of resulting laws. Political disobedience, by contrast, resists the very way in which we are governed: it resists the structure of partisan politics, the demand for policy reforms, the call for party identification, and the very ideologies that dominated the post-War period.
  • Occupy Wall Street, which identifies itself as a “leaderless resistance movement with people of many … political persuasions,” is politically disobedient precisely in refusing to articulate policy demands or to embrace old ideologies. Those who incessantly want to impose demands on the movement may show good will and generosity, but fail to understand that the resistance movement is precisely about disobeying that kind of political maneuver. Similarly, those who want to push an ideology onto these new forms of political disobedience, like Slavoj Zizek or Raymond Lotta, are missing the point of the resistance.
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  • One way to understand the emerging disobedience is to see it as a refusal to engage these sorts of  worn-out ideologies rooted in the Cold War. The key point here is that the Cold War’s ideological divide — with the Chicago Boys at one end and the Maoists at the other — merely served as a weapon in this country for the financial and political elite: the ploy, in the United States, was to demonize the chimera of a controlled economy (that of the former Soviet Union or China, for example) in order to prop up the illusion of a free market and to legitimize the fantasy of less regulation — of what was euphemistically called “deregulation.” By reinvigorating the myth of free markets, the financial and political architects of our economy over the past three plus decades — both Republicans and Democrats — were able to disguise massive redistribution toward the richest by claiming they were simply “deregulating” when all along they were actually reregulating to the benefit of their largest campaign donors.
  • This ideological fog blinded the American people to the pervasive regulatory mechanisms that are necessary to organize a colossal late-modern economy and that necessarily distribute wealth throughout society — and in this country, that quietly redistributed massive amounts of wealth to the richest 1 percent. Many of the voices at Occupy Wall Street accuse political ideology on both sides, on the side of free markets but also on the side of big government, for serving the few at the expense of the other 99 percent — for paving the way to an entrenched permissive regulatory system that “privatizes gains and socializes losses.”
  • The central point, of course, is that it takes both a big government and the illusion of free markets to achieve such massive redistribution. If you take a look at the tattered posters at Zuccotti Park, you’ll see that many are intensely anti-government and just as many stridently oppose big government.Occupy Wall Street is surely right in holding the old ideologies to account. The truth is, as I’ve argued in a book, “The Illusion of Free Markets,” and recently in Harper’s magazine, there never have been and never will be free markets. All markets are man-made, constructed, regulated and administered by often-complex mechanisms that necessarily distribute wealth — that inevitably distribute wealth — in large and small ways. Tax incentives for domestic oil production and lower capital gains rates are obvious illustrations. But there are all kinds of more minute rules and regulations surrounding our wheat pits, stock markets and economic exchanges that have significant wealth effects: limits on retail buyers flipping shares after an I.P.O., rulings allowing exchanges to cut communication to non-member dealers, fixed prices in extended after-hour trading, even the advent of options markets. The mere existence of a privately chartered organization like the Chicago Board of Trade, which required the state of Illinois to criminalize and forcibly shut down competing bucket shops, has huge redistributional wealth effects on farmers and consumers — and, of course, bankers, brokers and dealers.
  • The semantic games — the talk of deregulation rather than reregulation — would have been entertaining had it not been for their devastating effects. As the sociologist Douglas Massey minutely documents in “Categorically Unequal,” after decades of improvement, the income gap between the richest and poorest in this country has dramatically widened since the 1970s, resulting in what social scientists now refer to as U-curve of increasing inequality. Recent reports from the Census Bureau confirm this, with new evidence last month that “the number of Americans living below the official poverty line, 46.2 million people, was the highest number in the 52 years the bureau has been publishing figures on it.” Today, 27 percent of African-Americans and 26 percent of Hispanics in this country — more than 1 in 4 — live in poverty; and 1 in 9 African-American men between the ages of 20 and 34 are incarcerated.
  • On this account, the fundamental choice is no longer the ideological one we were indoctrinated to believe — between free markets and controlled economies — but rather a continuous choice between kinds of regulation and how they distribute wealth in society. There is, in the end, no “realistic alternative,” nor any “utopian project” that can avoid the pervasive regulatory mechanisms that are necessary to organize a complex late-modern economy — and that’s the point. The vast and distributive regulatory framework will neither disappear with deregulation, nor with the withering of a socialist state. What is required is constant vigilance of all the micro and macro rules that permeate our markets, our contracts, our tax codes, our banking regulations, our property laws — in sum, all the ordinary, often mundane, but frequently invisible forms of laws and regulations that are required to organize and maintain a colossal economy in the 21st-century and that constantly distribute wealth and resources.
  • In the end, if the concept of “political disobedience” accurately captures this new political paradigm, then the resistance movement needs to occupy Zuccotti Park because levels of social inequality and the number of children in poverty are intolerable. Or, to put it another way, the movement needs to resist partisan politics and worn-out ideologies because the outcomes have become simply unacceptable. The Volcker rule, debt relief for working Americans, a tax on the wealthy — those might help, but they represent no more than a few drops in the bucket of regulations that distribute and redistribute wealth and resources in this country every minute of every day. Ultimately, what matters to the politically disobedient is the kind of society we live in, not a handful of policy demands.
James Goodman

How OWS confuses and ignores Fox News and the pundit class. - Slate Magazine - 0 views

  • I confess to being driven insane this past month by the spectacle of television pundits professing to be baffled by the meaning of Occupy Wall Street. Good grief. Isn’t the ability to read still a job requirement for a career in journalism? And as last week’s inane “What Do They Want?” meme morphs into this week’s craven “They Want Your Stuff” meme, I feel it’s time to explain something: Occupy Wall Street may not have laid out all of its demands in a perfectly cogent one-sentence bumper sticker for you, Mr. Pundit, but it knows precisely what it doesn’t want. It doesn’t want you. What the movement clearly doesn’t want is to have to explain itself through corporate television. To which I answer, Hallelujah. You can’t talk down to a movement that won’t talk back to you.
  • Occupy Wall Street is not a movement without a message. It’s a movement that has wisely shunned the one-note, pre-chewed, simple-minded messaging required for cable television as it now exists. It’s a movement that feels no need to explain anything to the powers that be, although it is deftly changing the way we explain ourselves to one another. Think, for just a moment, about the irony. We are the most media-saturated 24-hour-cable-soaked culture in the world, and yet around the country, on Facebook and at protests, people are holding up cardboard signs, the way protesters in ancient Sumeria might have done when demonstrating against a rise in the price of figs. And why is that? Because they very wisely don’t trust television cameras and microphones to get it right anymore. Because a media constructed around the illusion of false equivalencies, screaming pundits, and manufactured crises fails to capture who we are and what we value.
  • It must be painful for the pundits at Fox News. The more they demand that OWS explain itself in simple, Fox-like terms, the more cheerfully they are ignored by the occupiers around the country. As efforts to ridicule the protesters fail, attempts to repurpose the good old days of enemies lists falter; and efforts to demonize the occupiers backfire, polls continue to show that Americans support the protesters and share their goals. The rest of us quickly cottoned on to the fact that the only people who are scared of the “violent mobs” at Occupy Wall Street are the people being paid to call them violent mobs.
James Goodman

Unfit To Report - 0 views

  • quite possibly the scummiest — Planet Money/This American Life propaganda piece for the financial industry, disguised as highbrow progressive journalism.
  • The piece was called "Unfit For Work: The Startling Rise of Disability in America" and it essentially argued — using wildly flawed research and straight-up lies — that our Social Security program is burdened by a glut of freeloader disability queens, faking their disabilities in order to live high on the Social Security disability insurance hog. Why would NPR run such a flawed, biased story? The answer takes us right to the heart of Wall Street’s plans to privatize government benefits, which Wall Street bond holders want to slash for their own profits. This battle pits powerful Wall Street interests and their media and political lackeys on the one side, versus an overwhelming majority of Americans — Republicans and Democrats both — on the other. In the middle stands a radio piece from a trusted source, NPR/This American Life/Planet Money, telling its progressive, educated audience that there is in fact a problem with Social Security, and that problem is a bunch of human parasites faking disability to suckle from the Social Security teat. It’s the sort of rancid old 1930s anti-New Deal propaganda that the American Liberty League or NAM or the Chamber of Commerce used to puke out on a regular basis. But this is 2013, meaning this time around, the battleground is on the putative left, pitting the Democratic Party leaders including Obama against the people who voted for him, and who have nowhere else to turn. On the Democratic Party’s side: their funders on Wall Street, and their neoliberal propagandists in pundit-land and in universities. The key isn’t winning over right-wing conservatives, but rather affluent progressives — i.e., Planet Money's and NPR’s audience. If they can flip that demographic, Social Security is privatized toast.
  • The good thing is that the piece was such obvious crap, so intellectually flawed and propaganda-soaked, that Ira Glass and the This American Life/Planet Money/NPR people were forced to respond to their critics. The downside is that the critics were far too respectful, basing their criticism on factual flaws rather than on the corruption that made the flawed reporting not just possible, but inevitable.
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  • As we reported last year at our SHAME Project and in my piece for the NSFWCORP, Planet Money has a serious conflict-of-interest problem when it reports on anything involving the banking sector. Planet Money’s sole sponsor, as of late last year, is Ally Bank (formerly GMAC), one of the world’s most toxic subprime lenders. Ally/GMAC preyed on Americans on the upside, then plundered taxpayers for over $17 billion in TARP bailout funds when their fraud schemes came crashing down. As we showed, the disturbing overlap between GMAC’s lobbying efforts against bank regulation bills, and Planet Money programs attacking that legislation and its promoters, means that Planet Money has essentially doubled as a sophisticated PR vessel targeting a key audience unaware of the Planet Money/NPR financial arrangement with the banking industry.
  • When you know that Planet Money’s sole sponsor is a predatory lender, this hit-piece on Social Security "disability queens" makes an appalling sort of sense. Social Security is actually a fully funded and well-managed program. That’s precisely why Wall Street has been trying to grab it for years. When furious NPR viewers objected to seeing their donations funding anti-Social Security propaganda, Ira Glass felt compelled to issue this statement standing by the reporting: "We know of no factual errors. We stand by the story." Yet, as a Wired reporter pointed out, Planet Money did alter the online version of the show after listeners raised a fuss. NPR finally admitted that the text had been altered, lamely explaining that "sentences were changed for clarity after publication."
  • Among the products that Lincoln Financial Group sells is, you guessed it, disability insurance. So unless it’s a complete coincidence that Lincoln Financial’s ads keep popping up as the Planet Money sponsor for the show about disability queens, it looks like once again, Planet Money, This American Life and NPR have the same "failure to communicate their conflict-of-interest and media corruption" problem that we wrote about last summer. They’ve done nothing to address the corruption in their editorial process. No one is holding Planet Money, This American Life or NPR accountable for clear conflict-of-interest.
  • But perhaps NPR doesn’t give a shit. In their corporate sponsors page, NPR openly boasts that paying NPR to read your company’s name has a "halo effect" —that is, having a harmless squeaky progressive-sounding NPR voice reading out your company’s name essentially helps to whitewash the corporate sponsor’s brand reputation. That can really come in handy if you’re one of the banks that pocketed billions in taxpayer money and now you’re lobbying to cut Social Security benefits
  • So, as the financial lobby and the DC political class close in for the kill on your Social Security, you should be aware that Planet Money, This American Life and NPR are key players on the left flank of the bankers’ propaganda war. If you’re one of their listeners or donors, you’re a target. Welcome to what passes for the "liberal" media.
James Goodman

The autocratic response to OWS - Occupy Wall Street - Salon.com - 0 views

  • Back on the East Coast, it was much the same, as His Majesty King Michael Bloomberg issued a decree stating that as a benevolent despot, he would “allow” his Manhattan subjects to occupy Wall Street (as if the mayor has the power to grant — or withhold — democratic rights). But then King Mike quickly sent his police force in for mass arrests, standing down only after a wave of outrage from the larger serfdom watching on television.
  • Alas, it’s a predictable situation. Horrifying economic inequality has prompted the bottom 99 percent of income earners to finally exercise their constitutional rights to protest. In response, the nobles in the top 1 percent are demanding their political puppets make clear that such dissent will not be tolerated — and they expect their demands to be followed. This country’s landed gentry, after all, spent a lot on campaign contributions to make sure their hand-picked autocrats were installed in governors’ and mayors’ offices, and now they’re having those autocrats engineer a whole new kind of bailout.
  • As opposed to merely cutting a check to the bankers, this bailout is all about resource allocation. It has the kings preventing law enforcement from being deployed on financial criminals who destroyed the American economy. Instead, those finite law enforcement resources are being funneled into arresting more than 1,000 protesters and abrogating the vassals’ First Amendment rights to “peaceably assemble and petition the Government for a redress of grievances.”
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  • With such extra-judicial authoritarianism now being used against dissidents all over America, Denver and New York’s responses are indeed serving as a “model,” as King John himself predicted. And because of that, the United States is now emulating the very autocracy we originally waged our founding revolution against.
  • Ultimately, that’s why this historical moment is so important. Whatever you call the spontaneous uprisings against oligarchy — Occupy Wall Street, Occupy Denver or simply “We the People” — they prove that the only savior in these neo-feudal times is continued protest. Without it, the future of the economy and our freedoms are clearly at risk from King John, King Mike and every other self-styled monarch now waging war on the fundamental principles of American liberty.
James Goodman

Occupy Wall Street: how How the protesters should respond to escalating violence. - Sla... - 0 views

  • Going up against Wall Street, it turns out, is serious business. And the more serious the Occupy movement gets, the more official and near-lethal hostility it's likely to encounter.
  • As they sort out what to do next, the Occupiers might take a page from the history of
  • American labor, the only social movement that has ever made a real dent in the nation’s extremes of wealth and poverty.
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  • For more than half a century, between the 1870s and the 1930s, labor organizers and strikers regularly faced levels of violence all but unimaginable to modern-day activists. They nonetheless managed to create a movement that changed the nation’s economic institutions and reshaped ideas about wealth, inequality, and Wall Street power. Along the way, they also helped to launch the modern civil liberties ethos, insisting that the fight to tame capitalism went hand in hand with the right to free speech.
James Goodman

Wall Street Protest Shows Power of Place - NYTimes.com - 0 views

  • no matter how instrumental new media have become in spreading protest these days, nothing replaces people taking to the streets.
  • In his “Politics,” Aristotle argued that the size of an ideal polis extended to the limits of a herald’s cry. He believed that the human voice was directly linked to civic order. A healthy citizenry in a proper city required face-to-face conversation.
  • We’re so distracted these days, people have forgotten how to focus. But the ‘mic check’ demands not just that we listen to other people’s opinions but that we really hear what they’re saying because we have to repeat their words exactly.
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  • Living in Europe for the past few years, I often came across parks and squares, in Barcelona and Madrid, Athens and Milan, Paris and Rome, occupied by tent communities of protesters. Public protest and assembly are part of the European social compact. Maybe the difference in America has something to do with our longstanding obsessions with automobiles and autonomy, with our predilection for isolationism, or our preference just for watching, more than participating.
  • This peculiarity of zoning law has turned an unexpected spotlight on the bankruptcy of so much of what in the last couple of generations has passed for public space in America. Most of it is token gestures by developers in return for erecting bigger, taller buildings. Think of the atrium of the I.B.M. tower on Madison Avenue and countless other places like it: “public” spaces that are not really public at all but quasi-public, controlled by their landlords. Zuccotti in principle is subject to Brookfield’s rules prohibiting tarps, sleeping bags and the storage of personal property on the site. The whole situation illustrates just how far we have allowed the ancient civic ideal of public space to drift from an arena of public expression and public assembly (Speakers’ Corner in Hyde Park, say) to a commercial sop (the foyer of the Time Warner Center).
  • “It requires an architecture of consciousness,”
  • In Europe, the protests were about jobs, government rollbacks and debt. That the message of the Zuccotti Park occupiers is fuzzy somewhat misses the point. The encampment itself has become the point. “We come to get a sense of being part of a larger community,” said Brian Pickett, a 33-year-old adjunct professor of theater and speech at City University of New York. I found him sitting last week among the neat, tarpaulin-covered stacks of sleeping bags in one corner of the park. “It’s important to see this in the context of alienation today. We do Facebook alone. But people are not alone here.”
  • Imagine Zuccotti Park, one protester told me, as a Venn diagram of characters representing disparate political and economic disenchantments. The park is where their grievances overlap. It’s literally common ground.
  • And it was obvious to me watching the crowd coalesce over several days that consensus emerges urbanistically, meaning that the demonstrators, who have devised their own form of leaderless governance to keep the peace, find unity in community
  • The governing process they choose is itself a bedrock message of the protest.
  • That said, on the ground is where the protesters are building an architecture of consciousness.
James Goodman

The real causes of the economic crisis? They're history. - The Washington Post - 0 views

  • They say that winners get to write history. Three years after the meltdown of our financial markets, it’s clear who is winning and who is losing. Wall Street — arms outstretched in triumph — is racing toward the finish-line tape while millions of American families are struggling to stay on their feet. With victory seemingly in hand, the historical rewrite is in full swing. The contrast in fortunes between those on top of the economic heap and those buried in the rubble couldn’t be starker. The 10 biggest banks now control more than three-quarters of the country’s banking assets. Profits have bounced back, while compensation at publicly traded Wall Street firms hit a record $135 billion in 2010.
  • Meanwhile, more than 24 million Americans are out of work or can’t find full-time work, and nearly $9 trillion in household wealth has vanished. There seems to be no correlation between who drove the crisis and who is paying the price.The report of the Financial Crisis Inquiry Commission detailed the recklessness of the financial industry and the abject failures of policymakers and regulators that brought our economy to its knees in late 2008. The accuracy and facts of the commission’s investigative report have gone unchallenged since its release in January.So, how do you revise the historical narrative when the evidence of what led to economic catastrophe is so overwhelming and the events at issue so recent? You and your political allies just do it. And you bet on the old axiom that a lie is halfway around the world before the truth can tie its shoes.
  • If  you are Rep. Paul Ryan, you ignore the fact that our federal budget deficit has ballooned more than $1 trillion annually since the financial collapse. You disregard the reality that two-thirds of the deficit increase is directly attributable to the economic downturn and bipartisan fiscal measures adopted to bolster the economy. Instead of focusing on the real cause of the deficit, you conflate today’s budgetary disaster with the long-term challenges of Medicare so you can shred the social safety net.
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  • If you are Alan Greenspan, you retreat from your 2008 epiphany in which you acknowledged your “state of shocked disbelief” that “the whole intellectual edifice” of your deregulatory ideology had collapsed. Now, you condemn reform efforts as “the current ‘anything goes’ regulatory ethos” — a phrase that paradoxically recalls your own failed policies at the Federal Reserve. In short, after driving the economy over the cliff, you offer to give driving lessons.If you are JP Morgan’s chief investment officer, you refute the statement that your chairman and chief executive, Jamie Dimon, made to the FCIC in 2010 blaming the failures of major financial institutions on “the management teams 100 percent and . . . no one else.” You revise your opinion on the causes of the crisis to instead focus blame on government housing policies. The source for this newfound wisdom: shopworn data, produced by a consultant to the corporate-funded American Enterprise Institute, which was analyzed and debunked by the FCIC report.
  • If you are most congressional Republicans, you turn a blind eye to the sad history of widespread lending abuses that savaged communities across the country and pledge to block the appointment of anyone to head the new Consumer Financial Protection Bureau unless its authority is weakened. You ignore the evidence of pervasive excess that wrecked our financial markets and attempt to cut funding for the regulators charged with curbing it. Across the board, you refuse to acknowledge what went wrong and then try to stop efforts to make it right.Does historical accuracy matter? You bet it does.   Traveling down a road unfettered by facts will take us far from where we need to be: prosecuting financial wrongdoing to deter future malfeasance; vigorously enforcing financial reforms to rein in excessive risk; and rooting out Wall Street’s conflicts of interests, abysmal governance and badly flawed compensation incentives.Worst of all, it will divert us from the urgent task of putting people back to work and creating real wealth for America’s future. Over the past decade, we squandered trillions of dollars on rampant speculation rather than on making investments — in technology, infrastructure, clean energy and education — that increase our productivity and economic strength. The financial sector’s share of corporate profits climbed from 15 percent in 1980 to 33 percent by the early 2000s, while financial-sector debt soared from $3 trillion in 1978 to $36 trillion by 2007. With tens of millions still unemployed, isn’t it time to shift from an economy based on money making money to an economy based on money creating jobs and genuine prosperity?
James Goodman

Occupy Wall Street's Victory: It has shaken up American politics. Here's what it should... - 0 views

  • Occupy Wall Street Has Already Won
  • Occupy Wall Street has already won, perhaps not the victory most of its participants want, but a momentous victory nonetheless. It has already altered our political debate, changed the agenda, shifted the discussion in newspapers, on cable TV, and even around the water cooler. And that is wonderful.
  • And then OWS showed up. They brought something that had been in short supply: passion—the necessary ingredient that powers citizen activism. The tempered, carefully modulated, and finely nuanced statements of Beltway politicians and policy wonks do not alter the debate.
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  • Suddenly, the issues of equity, fairness, justice, income distribution, and accountability for the economic cataclysm–issues all but ignored for a generation—are front and center. We have moved beyond the one-dimensional conversation about how much and where to cut the deficit. Questions more central to the social fabric of our nation have returned to the heart of the political debate. By forcing this new discussion, OWS has made most of the other participants in our politics—who either didn’t want to have this conversation or weren’t able to make it happen—look pretty small.
  • Of course, the visceral emotions that accompany citizen activism generate not only an energy that can change politics but an incoherence that is easily mocked. OWS is not a Brookings Institution report with five carefully researched policy points and an appendix of data. It is a leaderless movement, and it can often be painfully simplistic in its economic critique, lacking in subtlety in its political strategies, and marred by fringe elements whose presence distracts and demeans. Yet, the point of OWS is not to be subtle, parsed, or nuanced. Its role is to drag politics to a different place, to provide the exuberance and energy upon which reform can take place.
  • The major social movements that have transformed our country since its founding all began as passionate grassroots activism that then radiated out. Only later do traditional politicians get involved. The history of the civil rights movement, women’s rights movement, labor movement, peace movement, environmental movement, gay rights movement, and, yes, even the Tea Party, follow this model. In every instance, visceral emotions about justice, right, and wrong ignited a movement. Precise demands and strategies followed later. So the critique of OWS as unformed and sometimes shallow may be correct, but it is also irrelevant. Just as importantly, most of those who are so critical of OWS have failed to recognize inflection points in our politics. They fail to recognize that the public is responding to OWS because it is desperate for somebody to speak with the passion, and even anger, that has filled the public since the inequities and failures of our economy have become so apparent.
  • There is much ground to cover before real reform, but as a voice challenging a self-satisfied, well-protected status quo, OWS is already powerful and successful.
James Goodman

At a Do-It-Yourself Salon in Brooklyn, Books Obscure and Arcane - NYTimes.com - 0 views

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    "While many libraries are, of course, still run by municipalities or schools, it has become more common for people to create their own, many of them, like Mellow Pages, seeking to include material that is unusual or that is curated with a particular audience in mind. For instance, ABC No Rio, a community and cultural center on the Lower East Side, maintains a zine library. And a group of librarians who joined the Occupy Wall Street movement in New York created a library at Zuccotti Park. Mellow Pages occupies a 200-square-foot room in a former industrial building on Bogart Street in Bushwick that Mr. Perkins had been using as an art studio. In addition to books, it is furnished with scavenged furniture, a guitar, a bottle of Wild Turkey and an ever-percolating coffeepot. About 60 people have joined since the library opened, and it has been the site of readings by some of the writers who are included in the collection. "
James Goodman

Noam Chomsky: The Kind of Anarchism I Believe in, and What's Wrong with Libertarians | ... - 0 views

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    "And [the oil industry is] trying to impede measures to deal with it for their own short-term profit interests. And that includes not only the petroleum industry, but the American Chamber of Commerce - the leading business lobby - and others, who've stated quite openly that they're conducting … they don't call it propaganda … but what would amount to propaganda campaigns to convince people that there's no real danger and we shouldn't really do much about it, and that we should concentrate on really important things like the deficit and economic growth - what they call 'growth' - and not worry about the fact that the human species is marching over a cliff which could be something like [human] species destruction; or at least the destruction of the possibility of a decent life for huge numbers of people. And there are many other correlations. In fact quite generally, commercial advertising is fundamentally an effort to undermine markets. We should recognize that. If you've taken an economics course, you know that markets are supposed to be based on informed consumers making rational choices. You take a look at the first ad you see on television and ask yourself … is that it's purpose? No it's not. It's to create uninformed consumers making irrational choices. And these same institutions run political campaigns. It's pretty much the same: you have to undermine democracy by trying to get uninformed people to make irrational choices. And so this is only one aspect of the PR industry."
James Goodman

The Untouchable Economy: Why Americans Are Turning Against 'Stuff' - Michael Mandel - T... - 0 views

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    Millennials are shifting from tangibles (cars and homes) to intangibles (education and access to data), but they are not alone. In today's data-driven economy, the business sector is moving along the same tangible-to-intangible path as the Millennials, perhaps at an even faster pace. Business spending on nonresidential structures, other than mining-related, is roughly 30% below the 2007 pre-recession highs, while investment in software is up almost 20% over the same period.
James Goodman

How the rich rig the system - U.S. Economy - Salon.com - 0 views

  • Beginning with Ronald Reagan, the U.S. government has systematically derigged labor markets for the many while rigging compensation markets even more for the elite few. Mass immigration, including mass illegal immigration, resumed after the 1960s, lowering wages for the poorest workers and weakening the ability of unions to organize. In the late 20th century, Congress allowed inflation to erode the real value of the minimum wage. Even after several increases, it is still lower, in real terms, than it was in the 1960s. And having effectively destroyed private-sector unions, the right is now trying to eliminate public sector unions, on the theory that schoolteachers and emergency responders are a much greater threat to the American economy than the reckless bankers who created a near-Depression and the CEOs who are rewarded for offshoring one industry after another.
James Goodman

Harold Meyerson: The party that truly believes in redistribution - The Washington Post - 0 views

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    Indeed, the United States has experienced an upward redistribution so profound that it affects far more than incomes. Whole sectors of the economy and regions of the country have been decimated by these economic changes. The descent in all manner of social indexes is most apparent among poorly educated whites. Conservative commentator Charles Murray has documented in his new book the decline in marriage rates and family stability within the white working class. And now, as the New York Times' Sabrina Tavernise has reported, that decline includes longevity as well. While other Americans' life expectancy has advanced, the life expectancy of whites without high school diplomas has declined since 1990 - by three years among men and five years among women. The market is not just redistributing income in the United States, then. It is redistributing life.
James Goodman

Martin Luther King Jr. Would Want a Revolution, Not a Memorial - NYTimes.com - 0 views

  • Militarism is an imperial catastrophe that has produced a military-industrial complex and national security state and warped the country’s priorities and stature (as with the immoral drones, dropping bombs on innocent civilians). Materialism is a spiritual catastrophe, promoted by a corporate media multiplex and a culture industry that have hardened the hearts of hard-core consumers and coarsened the consciences of would-be citizens. Clever gimmicks of mass distraction yield a cheap soulcraft of addicted and self-medicated narcissists.
  • Racism is a moral catastrophe, most graphically seen in the prison industrial complex and targeted police surveillance in black and brown ghettos rendered invisible in public discourse. Arbitrary uses of the law — in the name of the “war” on drugs — have produced, in the legal scholar Michelle Alexander’s apt phrase, a new Jim Crow of mass incarceration. And poverty is an economic catastrophe, inseparable from the power of greedy oligarchs and avaricious plutocrats indifferent to the misery of poor children, elderly citizens and working people.
  • The age of Obama has fallen tragically short of fulfilling King’s prophetic legacy. Instead of articulating a radical democratic vision and fighting for homeowners, workers and poor people in the form of mortgage relief, jobs and investment in education, infrastructure and housing, the administration gave us bailouts for banks, record profits for Wall Street and giant budget cuts on the backs of the vulnerable.
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  • As the talk show host Tavis Smiley and I have said in our national tour against poverty, the recent budget deal is only the latest phase of a 30-year, top-down, one-sided war against the poor and working people in the name of a morally bankrupt policy of deregulating markets, lowering taxes and cutting spending for those already socially neglected and economically abandoned. Our two main political parties, each beholden to big money, offer merely alternative versions of oligarchic rule.
  • The absence of a King-worthy narrative to reinvigorate poor and working people has enabled right-wing populists to seize the moment with credible claims about government corruption and ridiculous claims about tax cuts’ stimulating growth. This right-wing threat is a catastrophic response to King’s four catastrophes; its agenda would lead to hellish conditions for most Americans.
  • King weeps from his grave. He never confused substance with symbolism. He never conflated a flesh and blood sacrifice with a stone and mortar edifice. We rightly celebrate his substance and sacrifice because he loved us all so deeply. Let us not remain satisfied with symbolism because we too often fear the challenge he embraced. Our greatest writer, Herman Melville, who spent his life in love with America even as he was our most fierce critic of the myth of American exceptionalism, noted, “Truth uncompromisingly told will always have its ragged edges; hence the conclusion of such a narration is apt to be less finished than an architectural finial.”
  • King’s response to our crisis can be put in one word: revolution. A revolution in our priorities, a re-evaluation of our values, a reinvigoration of our public life and a fundamental transformation of our way of thinking and living that promotes a transfer of power from oligarchs and plutocrats to everyday people and ordinary citizens. In concrete terms, this means support for progressive politicians like Senator Bernard Sanders of Vermont and Mark Ridley-Thomas, a Los Angeles County supervisor; extensive community and media organizing; civil disobedience; and life and death confrontations with the powers that be. Like King, we need to put on our cemetery clothes and be coffin-ready for the next great democratic battle.
James Goodman

Inertia, Not Progress Defines the Decade After 9/11 : The New Yorker - 0 views

  • But the main reason that 9/11 didn’t become a source of jobs, or of ideas for revitalizing the economy, was that the country wasn’t thinking about its own weaknesses. President George W. Bush defined his era in terms of war, and the public largely saw it the same way. September 11th was a tragedy that, in the years that followed, tragically consumed the nation’s attention.The attacks were supposed to have signalled one of the great transformations in the country’s history. Bush talked about ridding the world of evil, columnists wrote of “World War Three,” and almost all Americans felt that, in their private lives and in the national life, nothing would ever be the same. But the decade that followed did not live up to expectations. In most of the ways that mattered, 9/11 changed nothing.
  • The Second World War brought a truce in the American class war that had raged throughout the thirties, and it unified a bitterly divided country. By the time of the Japanese surrender, the Great Depression was over and America had been transformed. This isn’t to deny that there were fierce arguments, at the time and ever since, about the causes and goals of both the Civil War and the Second World War. But 1861 and 1941 each created a common national narrative (which happened to be the victors’ narrative): both wars were about the country’s survival and the expansion of the freedoms on which it was founded. Nothing like this consensus has formed around September 11th. On the interstate south of Mount Airy, there’s a recruiting billboard with the famous image of marines raising the flag at Iwo Jima, and the slogan “For Our Nation. For Us All.” In recent years, “For Us All” has been a fantasy. Indeed, the decade since the attacks has destroyed the very possibility of a common national narrative in this country.
  • “We are at war against terror.” Those were fateful words. Defining the enemy by its tactic was a strange conceptual diversion that immediately made the focus too narrow (what about the ideology behind the terror?) and too broad (were we at war with all terrorists and their supporters everywhere?). The President could have said, “We are at war against Al Qaeda,” but he didn’t. Instead, he escalated his rhetoric, in an attempt to overpower any ambiguities. Freedom was at war with fear, he told the country, and he would not rest until the final victory. In short, the new world of 2001 looked very much like the bygone worlds of 1861 and 1941. The President took inspiration from a painting, in the White House Treaty Room, depicting Lincoln on board a steamship with Generals Grant and Sherman: it reminded Bush of Lincoln’s “clarity of purpose.” The size of the undertaking seemed to give Bush a new comfort. His entire sense of the job came to depend on being a war President.
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  • What were the American people to do in this vast new war? In his address to Congress on September 20, 2001—the speech that gave his most eloquent account of the meaning of September 11th—the President told Americans to live their lives, hug their children, uphold their values, participate in the economy, and pray for the victims. These quiet continuities were supposed to be reassuring, but instead they revealed the unreality that lay beneath his call to arms. Wasn’t there anything else? Should Americans enlist in the armed forces, join the foreign service, pay more taxes, do volunteer work, study foreign languages, travel to Muslim countries? No—just go on using their credit cards. Bush’s Presidency would emulate Woodrow Wilson’s and Warren G. Harding’s simultaneously. Never was the mismatch between the idea of the war and the war itself more apparent. Everything had changed, Bush announced, but not to worry—nothing would change.
  • At the time of the attacks, few educated Americans born after 1950 had any direct experience of war or persecution or cataclysmic failure. After 9/11, this gap in the résumés of intellectuals gave them both a sense of inadequacy—an outbreak of envy for the Greatest Generation—and a compensatory tendency to inflate the drama of the war on terror and their own role in it. This took place at a level of abstraction that is made possible when the fighting is eight thousand miles away. As a result, a number of the country’s best minds mistook the post-September 11th era for a new American golden age.
  • After the attacks, Americans asked, “Why do they hate us?” This turned out to be the wrong line of inquiry. The most pressing questions were about us, not them: our leaders, our institutions, our ability to act as a cohesive nation and make rational decisions, our power to take action abroad in a way that would not be a self-defeating waste. Starting with the intelligence failures that did not foresee the attacks, every major American institution flunked the test of the September 11th decade. The media got the W.M.D.s wrong. The military failed to plan for chaos in postwar Iraq. Congress neglected its oversight duties. The political system produced no statesmen. C.E.O.s and financiers couldn’t see past short-term profits. The Bush Administration had one major success: it succeeded in staving off another terrorist attack in America. It botched almost everything else.
  • After 9/11, life in America changed in a few palpable ways: you needed I.D. to get into an office building, and boarding an airplane became an ordeal. But all the structural trends stayed on course: the stock market, after a setback, maintained its relentless upward climb; inequality soared, as Wall Street fortunes reached unimaginable new heights, while average wages began to decline; just about every remaining textile job in Surry County disappeared; Americans sank deeper into debt and depended more on their houses for wealth; the iMac progressed to the iPad; CBS News continued its descent into irrelevance and Fox News its corrosive rise, while newspapers kept cutting back or closing shop. The political division of America into red and blue hardened into the mutually hostile and unintelligible universes in which we live today. Bush, already viewed as illegitimate by many Democrats, became one of the most hated Presidents in American history; the writer Nicholson Baker even published a novella about the merits of assassinating him. Meanwhile, the Republican Party fell completely under the control of its most extreme elements, and “traitor” became a routine term for its opponents. For all the talk of national unity and a new sense of purpose, the terror attacks did nothing to bring together the country. America after September 11th was like a couch potato who survives a heart attack, vows to start a strict regimen of diet and exercise, and after a few weeks still finds himself camped out in the living room.
  • The Bush Administration collapsed in the late summer of 2005—not in Falluja or Kandahar but in the submerged neighborhoods of New Orleans. The response to Hurricane Katrina gave Americans such a devastating picture of official failure that it suggested something fatally wrong with an entire approach to governing. Iraq, of course, had provided evidence of high-level arrogance, incompetence, and neglect for two years, and Afghanistan for even longer than that, but, because these places were far away and American troops were risking their lives to serve the nation, the public wasn’t ready to withdraw its support. When the footage came out of the Gulf Coast—when, for the second time in four years, a great American city looked like Kabul or Kinshasa—it was Iraq in fast motion, and right around the corner. Government at all levels, but especially in Washington, had failed to plan for the worst outcome, even when the entire country saw it coming. An Administration staffed by cronies neglected to take care of citizens for whom it had the greatest responsibility. Katrina made brutally clear that the White House had substituted passive, self-congratulatory bravado for serious organized effort. Like Iraq, New Orleans represented a failure of individual leaders, but also of national institutions.
  • After Katrina, support for the Iraq war evaporated. Having been asked for very little ever since September 11th, other than to take the Administration’s way on faith, Americans had little trouble reframing their allegiances. This was the price of a foreign policy based on assertion rather than on persuasion. The war on terror had been a kind of confidence game: it depended on a belief in American virtue and ability that had proved unwarranted. With the exception of his advocacy of the surge, in 2007, Bush became an increasingly irrelevant figure, and his foreign policy crawled away from grand projects for “world order.” When Vice-President Cheney called for new wars with Iran and Syria, there were no takers.
  • In the years after Katrina, Americans began to see that the same unstable combination of hoopla and neglect that had characterized the war on terror also characterized the decade’s supposed economic boom. While the media were riveted by the spectacle of celebrity wealth, large areas of the country were—like Surry County—left to rot. The boom had been built on sand: housing speculation, overvalued stocks, reckless deregulation, irresponsible deficits. When the foundation started to crumble with the first wave of mortgage defaults, in 2007, the scale of the destruction became the latest of the decade’s surprises. Hardly anyone foresaw how far the economy would fall; hardly anyone imagined how many people it would take on the way down. Even the economic advisers of the next Administration badly misjudged the crisis. The trillions of dollars spent and, often, misspent on wars and domestic bureaucracies were no longer available to fill the hole left by the implosion of the private economy. Reborn champions of austerity pointed to the deficits in order to make the case that the country couldn’t afford to spend its way back to health. And, like the attacks that were supposed to change everything, the recession—which was given the epithet “Great” and was constantly compared with the Depression of the nineteen-thirties—inspired very little change in economic policy. Without effective leadership, the country blindly reverted to the status quo ante, with the same few people making a lot of money, if a little less than before, and the same people doing badly, if a little worse.
  • This malignant persistence since September 11th is the biggest surprise of all. In previous decades, sneak attacks, stock-market crashes, and other great crises became hinges on which American history swung in dramatically new directions. But events on the same scale, or nearly so, no longer seem to have that power; moneyed interests may have become too entrenched, élites too self-seeking, institutions too feeble, and the public too polarized and passive for the country to be shocked into fundamental change.
James Goodman

Greed is Not a Virtue by David Korten - Agenda for a New Economy - 0 views

  • We humans are living out an epic morality play. For millennia humanity’s most celebrated spiritual teachers have taught that society works best and we all enjoy our greatest joy and fulfillment when we share, cooperate, and are honest in our dealings with one another.
  • But for the past few decades, this truth has been aggressively challenged by a faith called market fundamentalism—an immoral and counter-factual economic ideology that has assumed the status of a modern state religion. Its believers worship the God of money. Stock exchanges and global banks are their temples. They proclaim that everyone does best when we each seek to maximize our individual financial gain without regard to the
  • consequences for others. In the eyes of a market fundamentalist, to sacrifice profit for some presumed social or environmen
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  • al good is immoral. The result is a public culture that proclaims greed is a virtue and sharing is a s
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    David Korten: Profit-centered market fundamentalism has become a national religion. This is the fourteenth of a series of blogs based on excerpts adapted from the 2nd edition of Agenda for a New Economy: From Phantom Wealth to Real Wealth. I wrote Agenda to spur a national conversation on economic policy issues and options that are otherwise largely ignored. This blog series is intended to contribute to that conversation. -DK
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