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Bakari Chavanu

Capitalism's Self-inflicted Apocalypse - 0 views

www.michaelparenti.org/capitalism%20apocalypse.html

politics economy capitalism

shared by Bakari Chavanu on 16 Oct 09 - Cached
  •  The present economic crisis, however, has convinced even some prominent free-marketeers that something is gravely amiss. Truth be told, capitalism has yet to come to terms with several historical forces that cause it endless trouble: democracy, prosperity, and capitalism itself, the very entities that capitalist rulers claim to be fostering.
  • Some eighty  years ago Supreme Court Justice Louis Brandeis commented, “We can have democracy in this country, or we can have great wealth concentrated in the hands of a few, but we can’t have both.” Moneyed interests have been opponents not proponents of democracy.
  • In the early days of the Republic the rich and well-born imposed property qualifications for voting and officeholding. They opposed the direct election of candidates (note, their Electoral College is still with us). And for decades they resisted extending the franchise to less favored groups such as propertyless working men, immigrants, racial minorities, and women.
  • ...17 more annotations...
  • The conservative plutocracy also seeks to rollback democracy’s social gains, such as public education, affordable housing, health care, collective bargaining, a living wage, safe work conditions, a non-toxic sustainable environment; the right to privacy, the separation of church and state, freedom from compulsory pregnancy, and the right to marry any consenting adult of one’s own choosing.
  • About a century ago, US labor leader Eugene Victor Debs was thrown into jail during a strike. Sitting in his cell he could not escape the conclusion that in disputes between two private interests, capital and labor, the state was not a neutral arbiter. The force of the state--with its police, militia, courts, and laws—was unequivocally on the side of the company bosses.
  • Any nation that is not “investor friendly,” that attempts to use its land, labor, capital, natural resources, and markets in a self-developing manner, outside  the dominion of transnational corporate hegemony, runs the risk of being demonized and targeted as “a threat to U.S. national security.”
  • Most of the world is capitalist, and most of the world is neither prosperous nor particularly democratic. One need only think of capitalist Nigeria, capitalist Indonesia, capitalist Thailand, capitalist Haiti, capitalist Colombia, capitalist Pakistan, capitalist South Africa, capitalist Latvia, and various other members of the Free World--more accurately, the Free Market World.
  • Corporate investors prefer poor populations. The poorer you are, the harder you will work—for less. The poorer you are, the less equipped you are to defend yourself against the abuses of wealth.
  • In the corporate world of “free-trade,” the number of billionaires is increasing faster than ever while the number of people living in poverty is growing at a faster rate than the world’s population. Poverty spreads as wealth accumulates.
  • To the extent that life is bearable under the present U.S. economic order, it is because millions of people have waged bitter class struggles to advance their living standards and their rights as citizens, bringing  some measure of humanity to an otherwise heartless politico-economic order.
  • There is a third function of the capitalist state seldom mentioned. It consists of preventing the capitalist system from devouring itself.  Consider the core contradiction Karl Marx pointed to: the tendency toward overproduction and market crisis. An economy dedicated to speedups and wage cuts, to making workers produce more and more for less and less, is always in danger of a crash. To maximize profits, wages must be kept down. But someone has to buy the goods and services being produced. For that, wages must be kept up. There is a chronic tendency—as we are seeing today—toward overproduction of private sector goods and services and underconsumption of necessities by the working populace. 
  • Instead of trying to make money by the arduous task of producing and marketing goods and services, the marauders tap directly into the money streams of the economy itself. During the 1990s we witnessed the collapse of an entire economy in Argentina when unchecked free marketeers stripped enterprises, pocketed vast sums, and left the country’s productive capacity in shambles. The Argentine state, gorged on a heavy diet of free-market ideology, faltered in its function of saving capitalism from the capitalists.
  • These thieves were caught and convicted. Does that not show capitalism’s self-correcting capacity? Not really. The prosecution of such malfeasance— in any case coming too late—was a product of democracy’s accountability and transparency, not capitalism’s. Of itself the free market is an amoral system, with no strictures save caveat emptor.
  • Perhaps the premiere brigand was Bernard Madoff. Described as “a longstanding leader in the financial services industry,” Madoff ran a fraudulent fund that raked in $50 billion from wealthy investors, paying them back “with money that wasn’t there,” as he himself put it. The plutocracy devours its own children.
  • The classic laissez-faire theory is even more preposterous than Greenspan made it.  In fact, the theory claims that everyone should pursue their own selfish interests without restraint.
  • Capitalism breeds the venal perpetrators, and rewards the most unscrupulous among them.  The crimes and crises are not irrational departures from a rational system, but the converse: they are the rational outcomes of a basically irrational and amoral system.
  • Worse still, the ensuing multi-billion dollar government bailouts are themselves being turned into an opportunity for pillage. Not only does the state fail to regulate, it becomes itself a source of plunder, pulling vast sums from the federal money machine, leaving the taxpayers to bleed.
  • But the 2008-09 “rescue operation” offered a record feed at the public trough. More than $350 billion was dished out by a right-wing lame-duck Secretary of the Treasury to the biggest banks and financial houses without oversight--not to mention the more than $4 trillion that has come from the Federal Reserve.  Most of the banks, including JPMorgan Chase and Bank of New York Mellon, stated that they had no intention of letting anyone know where the money was going.
  • In sum, free-market corporate capitalism is by its nature a disaster waiting to happen.
  • If the paladins of Corporate America want to know what really threatens “our way of life,” it is their way of life, their boundless way of pilfering their own system, destroying the very foundation on which they stand, the very community on which they so lavishly feed.
thinkahol *

A Primer on Class Struggle | Common Dreams - 0 views

www.commondreams.org/...31-4

A Primer on Class Struggle | Common Dreams

shared by thinkahol * on 31 Mar 11 - No Cached
  • thinkahol * on 31 Mar 11
     
    When we study Marx in my graduate social theory course, it never fails that at least one student will say (approximately), "Class struggle didn't escalate in the way Marx expected. In modern capitalist societies class struggle has disappeared. So isn't it clear that Marx was wrong and his ideas are of little value today?" I respond by challenging the premise that class struggle has disappeared. On the contrary, I say that class struggle is going on all the time in every major institution of society. One just has to learn how to recognize it. One needn't embrace the labor theory of value to understand that employers try to increase profits by keeping wages down and getting as much work as possible out of their employees. As the saying goes, every successful capitalist knows what a Marxist knows; they just apply the knowledge differently. Workers' desire for better pay and benefits, safe working conditions, and control over their own time puts them at odds with employers. Class struggle in this sense hasn't gone away. In fact, it's inherent in the relationship between capitalist employer and employee. What varies is how aggressively and overtly each side fights for its interests.
thinkahol *

Dr. George Reisman and the Curious Case of the Missing Crony Capitalists, or, Moral Bli... - 0 views

mises.org/...s-helps-me-to-see-clearly.aspx

Dr. George Reisman and the Curious Case of Missing Crony Capitalists or Moral Blindness Helps Me to See Clearly - TT's Lost in Tokyo

shared by thinkahol * on 28 Oct 11 - No Cached
  • thinkahol * on 28 Oct 11
     
    Those whom Reisman is actually defending are not pure capitalists, acting under laissez faire competition, but largely rapacious and irresponsible CEOs of large, listed companies, who, freed from any control of their erstwhile shareholder 'owners,' use government to crush competition, etc. In effect, Dr. Reisman is defending the very people MOST RESPONSIBLE for DESTROYING laissez faire capitalism. For shame, George!
Skeptical Debunker

Prudential-AIG Deal Another Case of Corporate Empire Building - 0 views

moneymorning.com/...prudential-aig

AIG Prudential deal analysis

shared by Skeptical Debunker on 05 Mar 10 - Cached
  • In spite of its new whizz-bang CEO, Prudential is a slow-moving but very reliable organization with a level of integrity that is trusted by policyholders. Frankly, that's what you want in an insurance company. I have had a modest U.K. pension with one of its competitors since 1980, and I am constantly worried that some leveraged buyout (LBO) artist will step in, take it over, change the computer system so that information gets lost, outsource customer service, and drive the company into bankruptcy. If you're buying life insurance or pension services, you want a company that's not going to disappear in the next 30 years, and doesn't change its address or computer system too often. Avoid a company like the plague if it is run by whiz kids. However, that's what AIG was like. We know how AIG operated; a guy who thought betting the ranch on the credit default swap market was a good idea ran it. Its Asian operation is no doubt full of similarly clever ideas. Even in the unlikely event that everything there is on the level, the cultural clash with an old-fashioned British insurance company is huge. And why would you pay a PREMIUM for an AIG operation? Like the Kraft/Cadbury deal, Prudential's takeover of AIA is value-destroying. Also like Kraft/Cadbury, it looks likely to destroy a valuable part of the British economy that millions of people have relied upon for generations - only this time the destruction will be caused by the buyer rather than the target. As shareholders we need a new form of corporate governance. Those in management are hired hands. In the old days, large shareholders used to treat management as they would have treated their butler - and management was equally deferential to the owners of substantial percentages of the company's capital. That's how capitalism is supposed to work - with resources deployed in the interests of the owners of capital. We know that system works; economics shows us why it works. The alternative, with resources deployed to satisfy the egos and fill the pockets of the hired hands, has no theoretical justification and little practicality - just as a big country house run in the interests of the butler would be a mess. As capitalists, we must work together to restore capitalism!
  • Skeptical Debunker on 05 Mar 10
     
    To inattentive observers, the recent announcement that the British insurance company Prudential PLC (NYSE ADR: PUK) would pay $35.5 billion for American International Group Inc.'s (NYSE: AIG) Asian insurance operation, AIA, might seem like just another belated expansion of the old British Empire - a strange contrast to the sale of the premier British chocolate company Cadbury PLC (NYSE ADR: CBY) to Kraft Foods Inc. (NYSE: KFT) last month. Yet in reality both deals are examples of Empire-building that for shareholders is much more dangerous than the benign British variety - Empire-building by corporate management that runs contrary to capitalist ideals.
  • Skeptical Debunker on 05 Mar 10
     
    Monopolies - BAD (Adam Smith even said so!) Companies controlled and run by management (as if it were their own personal fiefdom and with their hands always in the "cookie jar"), rather than shareholders - BAD. BOTH ANTI-CAPITALISTIC. Both the "norm" for "the titans" of "modern [anti] capitalism". We no longer have capitalism (if that, like communism, ever existed in a more or less "pure" form!). We have a kleptocracy of the rich and corporate aristocracy (as incestuously intertwined as the European nobles ever were!).
Ian Schlom

Statement of the IWA- Secretariat concerning the mobilizations against the present capi... - 0 views

www.iwa-ait.org/?q=node/151

labour capitalism Socialist anarchism Activism

shared by Ian Schlom on 04 Oct 11 - No Cached
  • Ian Schlom on 04 Oct 11
     
    Below is full text: For the International Workers Association (IWA) class struggle is not a theoretical abstraction but a fact in the daily lives of workers. Our way of organizing is expressed through democratic federalist structures based on recallable delegates. The IWA rejects class collaboration in all its forms. Works councils and other corporatist bodies based on social partnership are means of undermining class struggle. State funding is designed to undermine independent working class action and organization. For us the only relationship between worker and boss can be class struggle. And class struggle must grow until capitalism and the state is swept away by the solidarity of the international working class - to be replaced by the free federation of workers associations based on libertarian communism! In recent years the IWA has organized countless international campaigns in support of workers worldwide. The attacks come in many fields and in Spain by the various labour reforms, cuts in the pension system, reform of collective bargaining and social cuts. On September 29 , the CNT-AIT with other unions and social organizations will take to the street, in the process of building towards a general strike! It is in this anarchosyndicalist spirit that the IWA-Secretariat sends its greetings and support to the Spanish CNT-AIT and all workers who by self- activity, protests, direct actions and solidarity are engaged in the fight against the capitalist offensive! Oslo, September 27th 2011 IWA-Secretariat
Ian Schlom

Tunisian government begins to unravel - 0 views

www.wsws.org/...tuni-f12.html

Tunisia Revolution 2013 Ennahda 2011 capitalism

shared by Ian Schlom on 14 Feb 13 - No Cached
  • Ian Schlom on 14 Feb 13
     
    Chokri Belaïd, a secular, anti-Islamist member of the National Constituent Assembly, was assassinated last week. The backlash of the assassination is causing strife in Tunisian politics. His widow has accused Ennahda of playing a role in the assassination, "which sparked mass demonstrations, attacks on Ennahda headquarters and clashes with security forces throughout the country." The Prime Minister, a high-ranking official in Ennahda, has declared his wish to form a non-partisan government of technocrats to manage the socio-political crisis. He has also declared that he will resign from his position if he's not allowed to do so. So things really are deteriorating. qt: Four opposition groupings-Belaïd's own Popular Front bloc, the Call for Tunisia party (Nidaa Tounes), the Al Massar party, and the Republican Party-announced that they were pulling out of the National Constituent Assembly and called for a one-day general strike last Friday, the day of Belaïd's funeral. The principal Tunisian trade union federation, the UGTT (Tunisian General Union of Labour) backed the call, resulting in the first general strike in Tunisia in 35 years. Reportedly, over one million people took part in Belaïd's funeral procession in Tunis on Friday, many calling for the fall of the Ennahda government and a second revolution. ... Much of the bourgeoisie, both secular and Islamist, has swung behind Jebali's proposal. The business journal l' Economiste asserts that "the prime minister's initiative and his proposal to form a non-political government of technocrats is a minimum response, but salutary. The rejection of this reasonable solution by his own party is evidence of the internal divisions that are eating away at Ennahda..." ... The revolutionary uprising of 2011 was channeled into parliamentary manoeuvring and constitutional wrangling by the Tunisian bourgeoisie, with the aid of the petty-bourgeois "left" parties and the UGTT. Underlying the present
Ian Schlom

Billionaire brothers turn up heat in Georgia Power solar debate - 0 views

www.utilitydive.com/...148305

capitalism climate_change energy Solar_Power Koch_Brothers 2013 US

shared by Ian Schlom on 09 Jul 13 - No Cached
  • Ian Schlom on 09 Jul 13
     
    My dad emailed this article to me. The Koch brothers lied about solar energy raising energy expenses for their own agenda. I told my dad "Sounds like capitalists compelled to do evil by the were-wolf hunger of capital. Know what I mean?" The article's own abstract: On July 11, Georgia's Public Service Commission will determine if Georgia Power, run by Southern Company, will have to acquiesce to local government demands to add 525-megawatts (MW) of solar power, despite already agreeing to acquire 270MW of solar. In the controversial debate, billionaire brothers Charles and David Koch have pressured regulators to reject the plan. But ahead of the vote, the Associated Press found the billionaires' group, Americans For Prosperity, has used misleading data to tip the debate. The billionaires claimed that new solar mandates would raise energy bills by 40%. But an analysis shows that even if solar power is more expensive than conventional energy, the amount demanded is equal to only 1% of Georgia Power's electric fleet. As a result, it's highly unlikely that adding more solar will impact electricity rates so significantly.
thinkahol *

Today's Must-See Animated Capitalist Takedown from RSA and David Harvey | The New York ... - 0 views

www.observer.com/...-takedown-rsa-and-david-harvey

marxist critique financial crisis

shared by thinkahol * on 08 Jul 10 - Cached
  • thinkahol * on 08 Jul 10
     
    If you watch just one funny and handsome Marxist critique of the financial crisis, make it the Royal Society for the Encouragement of Arts, Manufactures and Commerce's animated version of David Harvey's RSA speech "Crises of Capitalism." It's been making the rounds this afternoon, and for good reason: Mr. Harvey, a Marxist scholar who heads CUNY's Center for Place, Culture & Politics, describes not just the failures that caused the ongoing fiasco, but the failure of how we've explained it.
thinkahol *

Deleuze, Marx and Politics « Learning Change - 0 views

gfbertini.wordpress.com/...deleuze-marx-and-politics

Deleuze Marx and Politics « Learning Change

shared by thinkahol * on 03 Oct 10 - No Cached
  • thinkahol * on 03 Oct 10
     
    A critical and provocative exploration of the political, conceptual and cultural points of resonance between Deleuze's minor politics and Marx's critique of capitalist dynamics, Deleuze, Marx and Politics is the first book to engage with Deleuze's missing work, The Grandeur of Marx.
thinkahol *

YouTube - Living in the End Times According to Slavoj Zizek - 0 views

www.youtube.com/watch

YouTube - Living in the End Times According to Slavoj Zizek

shared by thinkahol * on 30 Nov 10 - No Cached
  • thinkahol * on 30 Nov 10
     
    Slovenian philosopher Slavoj Zizek, akaThe Elvis of cultural theory, is given the floor to show of his polemic style and whirlwind-like performance. The Giant of Ljubljana is bombarded with clips of popular media images and quotes by modern-day thinkers revolving around four major issues: the economical crisis, environment, Afghanistan and the end of democracy. Zizek grabs the opportunity to ruthlessly criticize modern capitalism and to give his view on our common future. We communists are back! is the closing remark of Slavoj Zižeks provocative performance. Our current capitalist system, that everyone believed would be smoothly spread around the globe, is untenable. We find ourselves on the brink of big problems that call for big solutions. Whatever is left of the left, has been hedged in by western liberal democracy and seems to lack the energy to come up with radical solutions. Not Zižek. Interview: Chris Kijne Director: Marije Meerman Production: Mariska Schneider /Pepijn Boonstra Research: Marijntje Denters/Maren Merckx Commissioning editors: Henneke Hagen/Jos de Putter
thinkahol *

Walker's Budget Plan is a Three-Part Roadmap for Conservative State Governanc... - 0 views

rortybomb.wordpress.com/...-conservative-state-governance

Walker's Budget Plan is a Three-Part Roadmap for Conservative State Governance « Rortybomb

shared by thinkahol * on 25 Feb 11 - No Cached
  • thinkahol * on 25 Feb 11
     
    Tim Fernholz wrote an excellent article in the National Journal about the "bait and switch" of Governor Walker's Wisconsin plan. Fernholz points out that the short-term deficit problem can be covered by debt restructuring, and that the big pieces of the bill that relate to dismantling public sector unions, control over Medicaid and creating a no-bid energy asset sale process are not directly budget related. There's a three-prong approach in Governor Walker's plan that highlights a blueprint for conservative governorship after the 2010 election. The first is breaking public sector unions and public sector workers generally. The second is streamlining benefits away from legislative authority, especially for health care and in fighting the Health Care Reform Act. The third is the selling of public assets to private interests under firesale and crony capitalist situations. This wasn't clear to me at first. I thought this was about a narrow disagreement over teacher's unions. Depending on what you read, you may have only seen a few of these parts, and you may have not seen them put together as a coherent whole. This will be the framework that other conservative governors, and even a few Democratic ones, will use in their state, so it is good to get a working model in place. In order to frame where it stands now, I'm going to chart this and give a set of descriptions and must-read links:
thinkahol *

Banks - Federal Reserve president breaks rank: This is the greatest risk to the U.S. ec... - 0 views

www.thedailycrux.com/...eml

Banks - Federal Reserve president breaks rank: This is the greatest risk to U.S. economy

shared by thinkahol * on 25 Feb 11 - No Cached
  • thinkahol * on 25 Feb 11
     
    Federal Reserve Bank of Kansas City President Thomas Hoenig said U.S. regulators should avert another crisis by breaking up large financial institutions that pose a threat "to our capitalistic system." 
thinkahol *

Ongoing Crisis and Liberal Blindness | Truthout - 0 views

www.truthout.org/...1307391273

Ongoing Crisis and Liberal Blindness | Truthout

shared by thinkahol * on 08 Jun 11 - No Cached
  • thinkahol * on 08 Jun 11
     
    The double dip of this crisis is upon us. The latest data agree: the housing market has been in full double-dip mode for five months as home prices keep declining. The foreclosure disaster keeps increasing the combination of homeless families and empty homes. Think capitalist efficiency. Unemployment rose back above 9 % again. The average length of unemployment is now 39.7 weeks, the longest since these records began in 1948. Investments by businesses are decelerating and governments keep dropping workers. 
thinkahol *

Why "business needs certainty" is destructive - Glenn Greenwald - Salon.com - 0 views

www.salon.com/...index.html

Why business needs certainty is destructive - Glenn Greenwald Salon.com

shared by thinkahol * on 19 Aug 11 - No Cached
  • thinkahol * on 19 Aug 11
     
    Businesses have had at least 25 to 30 years near complete certainty -- certainty that they will pay lower and lower taxes, that they' will face less and less regulation, that they can outsource to their hearts' content (which when it does produce savings, comes at a loss of control, increased business system rigidity, and loss of critical know how). They have also been certain that unions will be weak to powerless, that states and municipalities will give them huge subsidies to relocate, that boards of directors will put top executives on the up escalator for more and more compensation because director pay benefits from this cozy collusion, that the financial markets will always look to short term earnings no matter how dodgy the accounting, that the accounting firms will provide plenty of cover, that the SEC will never investigate anything more serious than insider trading (Enron being the exception that proved the rule). So this haranguing about certainty simply reveals how warped big commerce has become in the US. Top management of supposedly capitalist enterprises want a high degree of certainty in their own profits and pay. Rather than earn their returns the old fashioned way, by serving customers well, by innovating, by expanding into new markets, their 'certainty' amounts to being paid handsomely for doing things that carry no risk. But since risk and uncertainty are inherent to the human condition, what they instead have engaged in is a massive scheme of risk transfer, of increasing rewards to themselves to the long term detriment of their enterprises and ultimately society as a whole.
thinkahol *

In Japan, Capitalists Fall Out of Love With Free Markets - NYTimes.com - 0 views

www.nytimes.com/...20norris.html

In Japan Capitalists Fall Out of Love With Free Markets - NYTimes.com

shared by thinkahol * on 13 Sep 11 - No Cached
  • thinkahol * on 13 Sep 11
     
    Japanese executives were outraged at the prospect of banks taking losses on loans to the company that produced a nuclear catastrophe. This used to be how free markets worked.
Bakari Chavanu

Socialism Today - Capitalism: costing the earth - 0 views

www.socialismtoday.org/...carbon.html

politics capitalism

shared by Bakari Chavanu on 16 Oct 09 - Cached
  • THE 2007 STATEMENT from the United Nation’s climate panel, the IPCC, that the average temperature on earth must not rise more than two degrees Celsius (3.6 degrees Fahrenheit) over pre-industrial levels or an incalculable disaster will take place, was a powerful reminder of the nature of the problem.
  • The main reason is that as the oceans warm up they lose the ability to absorb carbon dioxide. Another horrific truth is that there is more carbon beneath the permafrost of the polar regions than in the entire atmosphere. Experts say that if the emissions of carbon dioxide, sulphate and nitrogen dioxide continue as they are today, this bomb will explode within the next 100 years.
  • Does this mean that emissions are dropping? Not at all. So what does this trade mean in practice? An Oxford academic who studied the scheme, Adam Bumpus, concluded that "this regulation is ultimately there to facilitate the markets – it’s not about making cheap reductions, it’s about making a lot of money"
  • ...6 more annotations...
  • Therefore, so the theory goes, the buyer pays to emit greenhouse gases while the seller is rewarded for having reduced emissions by more than their quota. There is only one problem. It does not work like that.
  • The market always chooses the easiest means to save a given quantity of carbon in the short term, regardless of what action is needed for long-term reduction. The result is that the system reinforces technological lock-in. For instance, small cuts may often be achieved cheaply through making a technology a little bit more efficient, whereas larger cuts would require massive investments in new technology.
  • The problem with most of the established green organisations is that they seek mechanisms, such as emissions markets, green taxes, green laws or other technical fixes to the problem of polluting fat cats.
  • The carbon trade system is bad in itself. But the fact that governments or other capitalist controlled bodies allocated the emissions permits in the first place, the logic of the market meant that they handed out too many permits out of fear of being in a disadvantage with competing capitalist powers. Today, there are more permits in circulation than there is capacity to pump out greenhouse gases!
  • MANY CDMS ARE about dams. The push for mega-dams has been justified by both development banks and multinationals as being necessary for the development of Africa and to combat carbon emissions. While governments, such as the US, Britain and China, announce mighty plans to electrify Africa, and other ‘aid’ schemes, the companies set in action the Boot model – Build, Own, Operate and Transfer – emptying the rivers of Africa to feed the growing energy needs of Europe, etc. And it is a very lucrative business when they can earn more carbon emission credits in the process. Large dams provide electricity for multinational companies, water for mining, and irrigation for large-scale foreign-owned farms.
  • In a study of 50 dams in Africa, professor Thayer Scudder, formerly the leading resettlement consultant for the World Bank, found that landlessness affected 86% and joblessness 80% of the displaced people. Lack of food security impacted on 79% of the people displaced by these ‘green dams’.
thinkahol *

Education is Ignorance, by Noam Chomsky (Excerpted from Class Warfare) - 0 views

www.chomsky.info/...warfare02.htm

Education is Ignorance by Noam Chomsky (Excerpted from Class Warfare)

shared by thinkahol * on 27 Apr 11 - Cached
  • Everybody reads the first paragraph of The Wealth of Nations where he talks about how wonderful the division of labor is. But not many people get to the point hundreds of pages later, where he says that division of labor will destroy human beings and turn people into creatures as stupid and ignorant as it is possible for a human being to be. And therefore in any civilized society the government is going to have to take some measures to prevent division of labor from proceeding to its limits.
  • thinkahol * on 27 Apr 11
     
    I didn't do any research at all on Smith. I just read him. There's no research. Just read it. He's pre-capitalist, a figure of the Enlightenment. What we would call capitalism he despised. People read snippets of Adam Smith, the few phrases they teach in school. Everybody reads the first paragraph of The Wealth of Nations where he talks about how wonderful the division of labor is. But not many people get to the point hundreds of pages later, where he says that division of labor will destroy human beings and turn people into creatures as stupid and ignorant as it is possible for a human being to be. And therefore in any civilized society the government is going to have to take some measures to prevent division of labor from proceeding to its limits.
thinkahol *

Lifting the Veil: Obama and the Failure of Capitalist Democracy {Full Film} -... - 0 views

www.youtube.com/watch

Lifting the Veil: Obama and Failure of Capitalist Democracy {Full Film} - YouTube

shared by thinkahol * on 14 Oct 11 - No Cached
  • thinkahol * on 14 Oct 11
     
    This film explores the historical role of the Democratic Party as the "graveyard of social movements", the massive influence of corporate finance in elections, the absurd disparities of wealth in the United States, the continuity and escalation of neocon policies under Obama, the insufficiency of mere voting as a path to reform, and differing conceptions of democracy itself.  Original interview footage derives from Noam Chomsky, Michael Parenti, Michael Albert, John Stauber (PR Watch), Sharon Smith (Historian), William I. Robinson (Editor, Critical Globalization Studies), Morris Berman (Author, Dark Ages America), and famed black panther Larry Pinkney. 
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