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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
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

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

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

Happiness, Philosophy and Science - NYTimes.com - 0 views

  • But the most powerful challenge concerns the meaning and value of happiness.  Researchers emphasize that when we ask people if they are happy the answers tell us nothing if we don’t know what our respondents mean by “happy.”  One person might mean, “I’m not currently feeling any serious pain”; another, “My life is pretty horrible but I’m reconciled to it”; another, “I’m feeling a lot better than I did yesterday.”  Happiness research requires a clear understanding of the possible meanings of the term.   For example, most researchers distinguish between happiness as a psychological state (for example, feeling overall more pleasure than pain) and happiness as a positive evaluation of your life, even if it has involved more pain than pleasure.  Above all, there is the fundamental question: In which sense, if any, is happiness a proper goal of a human life?
  • These issues inevitably lead to philosophical reflection. Empirical surveys can give us a list of the different ideas people have of happiness.  But research has shown that when people achieve their ideas of happiness (marriage, children, wealth, fame), they often are still not happy.  There’s no reason to think that the ideas of happiness we discover by empirical surveys are sufficiently well thought out to lead us to genuine happiness.  For richer and more sensitive conceptions of happiness, we need to turn to philosophers, who, from Plato and Aristotle, through Hume and Mill, to Hegel and Nietzsche, have provided some of the deepest insight into the possible meanings of happiness.
  • Even if empirical investigation could discover the full range of possible conceptions of happiness, there would still remain the question of which conception we ought to try to achieve.  Here we have a question of values that empirical inquiry alone is unable to decide without appeal to philosophical thinking.This is not to say that, as Plato thought, we can simply appeal to expert philosophical opinion to tells us how we ought to live. We all need to answer this question for ourselves.  But if philosophy does not have the answers, it does provide tools we need to arrive at answers. If, for example, we are inclined to think that pleasure is the key to happiness, John Stuart Mill shows us how to distinguish between the more sensory and the more intellectual pleasures.  Robert Nozick asks us to consider whether we would choose to attach ourselves to a device that would produce a constant state of intense pleasure, even if we never achieved anything in our lives other than experiencing this pleasure.
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.
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