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thinkahol *

21st Century Global Development Outline - Associated Content from Yahoo! - associatedco... - 0 views

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    Avoiding a World War Between Haves and Have Nots Via Focus on Transnational Infrastructure, Technocratic Management, and Post-scarcity (via Expanded Bill of Rights)
thinkahol *

YouTube - Ralph Nader: 1/13 An Unreasonable Man Subt Español - 0 views

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    In 1966, General Motors, the most powerful corporation in the world, sent private investigators to dig up dirt on an obscure thirty-two year old public interest lawyer named Ralph Nader, who had written a book critical of one of their cars, the Corvair. The scandal that ensued after the smear campaign was revealed launched Ralph Nader into national prominence and established him as one of the most admired Americans and the leader of the modern Consumer Movement. Over the next thirty years and without ever holding public office, Nader built a legislative record that is the rival of any contemporary president. Many things we take for granted including seat belts, airbags, product labeling, no nukes, even the free ticket you get after being bumped from an overbooked flight are largely due to the efforts of Ralph Nader and his citizen groups. Yet today, when most people hear the name "Ralph Nader," they think of the man who gave the country George W. Bush. As a result, after sustaining his popularity and effectiveness over an unprecedented amount of time, he has become a pariah even among former friends and allies. How did this happen? Is he really to blame for George W. Bush? Who has stuck by him and who has abandoned him? Has our democracy become a consumer fraud? After being so right for so many years, how did he seem to go so wrong? With the help of exciting graphics, rare archival footage and over forty on-camera interviews conducted over the past two years, "An Unreasonable Man" traces the life and career of Ralph Nader, one of the most unique, important, and controversial political figures of the past half century.
thinkahol *

The Blog : How Rich is Too Rich? : Sam Harris - 0 views

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    I've written before about the crisis of inequality in the United States and about the quasi-religious abhorrence of "wealth redistribution" that causes many Americans to oppose tax increases, even on the ultra rich. The conviction that taxation is intrinsically evil has achieved a sadomasochistic fervor in conservative circles-producing the Tea Party, their Republican zombies, and increasingly terrifying failures of governance. Happily, not all billionaires are content to hoard their money in silence. Earlier this week, Warren Buffett published an op-ed in the New York Times in which he criticized our current approach to raising revenue. As he has lamented many times before, he is taxed at a lower rate than his secretary is. Many conservatives pretend not to find this embarrassing. Conservatives view taxation as a species of theft-and to raise taxes, on anyone for any reason, is simply to steal more. Conservatives also believe that people become rich by creating value for others. Once rich, they cannot help but create more value by investing their wealth and spawning new jobs in the process. We should not punish our best and brightest for their success, and stealing their money is a form of punishment. Of course, this is just an economic cartoon. We don't have perfectly efficient markets, and many wealthy people don't create much in the way of value for others. In fact, as our recent financial crisis has shown, it is possible for a few people to become extraordinarily rich by wrecking the global economy. Nevertheless, the basic argument often holds: Many people have amassed fortunes because they (or their parent's, parent's, parents) created value. Steve Jobs resurrected Apple Computer and has since produced one gorgeous product after another. It isn't an accident that millions of us are happy to give him our money. But even in the ideal case, where obvious value has been created, how much wealth can one person be allowed to keep? A trillion doll
thinkahol *

Photographing the Great Depression, Then and Now - 0 views

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    Faces from the Great Crash of 1929 and its aftermath are haunting the 21st century. Wall Street brokers fleeing the trading floor in panic, or putting their cars on sale because they are suddenly broke, appear in old black-and-white photographs beside analyses of the current state of the markets composed by sombre authorities. Not only the collapse of confidence that shattered investors 82 years ago but the long years of misery that followed now seem to call out to us, to warn us, to show us a truth that is urgent and immediate. Can this really be so? Can that nightmare history be repeating itself?
thinkahol *

The Truth about 'Class War' in America | Common Dreams - 0 views

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    The tax structure imposed by Washington on the US over the last half-century has seen a massive double shift of the burden of taxation: from corporations to individuals and from the richest individuals to everyone else. If the national debate wants seriously to use a term like "class war" to describe Washington's tax policies, then the reality is that the class war's winners have been corporations and the rich
thinkahol *

What does it mean to be an 'anarchist'? | David Goodway | Comment is free | guardian.co.uk - 0 views

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    Too often associated with mayhem on the streets, for centuries anarchists have actually sought a more ordered society
Peter Dearman

Mainstream Populist Democrats: Taiwan may provide a health care model for the U.S. - 0 views

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    A National Public Radio profile from last year points out that Taiwan has one of the world's best health care systems and it is cost efficient too. All Things Considered, April 15, 2008 · At the end of the 20th century, Taiwan became a rich country, almost overnight. But it still had a poor country's health care - about half the population had no coverage at all. So Taiwan set out to design a national health care system from scratch. What makes Taiwan unique is the way the country figured out how to cover everyone.
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    My first post here. Just joined. Live in Taiwan and can attest to the brilliance of the healthcare system here. It's a much better model than Canda. (And I'm a Canadian.)
The Ravine / Joseph Dunphy

Preservationists in Chicago Fear Losing Ground to Condos - New York Times - 0 views

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    Watch what's left of a once distinguished architectural legacy be destroyed because our city is run by idiots. Consider this quote: ""Beauty is in the eye of the beholder," Alderman Matlak said. "A lot of people don't want 19th-century buildings.I grew up in a frame house. My bedroom was 8 by 8. People don't want that now." Then - here's a wild idea. Maybe they might try moving into one of the neighborhoods that isn't historic? Which, in Chicago, is almost all of them, now? Speaking as somebody who lives in Chicago, I can report that the difference of opinion between the developers and the preservationists on this is not an honest one; the rate of demolition has not been exaggerated one bit.
The Ravine / Joseph Dunphy

Binyam Mohamed: The false martyr - The Long War Journal - 0 views

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    This link is not an endorsement; the author is writing propaganda. What you should keep in mind as you read this post is precisely what the author would have you forget - that the victim "confessed" to the acts that supposedly justified his torture, as he was being tortured, on behalf of the US government. That part, so far, doesn't really seem to be in dispute. Only the rightness of torturing confessions out of prisoners - and then playing make believe, and pretending that those are real confessions - seems to be, leaving us to ask "didn't the Middle Ages end a few centuries ago". Don't we all basically know what history shouldn't have had to teach our ancestors - that if you inflict enough pain on somebody, he'll say just about anything to make the pain stop? To attach the word "fascism" to a political ideology that supports this sort of thing is in no way excessive, and that's why I'm linking to this article. Watch the way in which the author, with not a single fact in support of his position, blusters his way past reality, treating a torture extracted confession as a source of unimpeachable truth, and gets you to not notice that he has done so. Learn how this creep works his magic, and when the next creep comes along, you'll be less likely to fall under his spell. Oh, and yes - this is the second penis related story to come out of Africa to be seen on this microblog in a row. Nothing deliberate in this; you're just getting the stories as I find them. Wondering if this one is going to be the start of a trend. Remembering Anthropology 100 back in undergrad, and some of its more graphic descriptions of body modification rituals on the continent, I suppose that's a possibility. One I'd really rather not explore more than absolutely necessary, but when somebody ends up being held prisoner and tortured for seven years because he visited a parody site, I think we need to get past our squeamishness and say something about that.
thinkahol *

Madness: Right-Wingers Are Serious About Trying to Undermine Child Labor Laws | | AlterNet - 0 views

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    Yes, they are trying to roll back the 20th century.
thinkahol *

‪Gladwell on Income Inequality: We're Off the Rails‬‏ - YouTube - 0 views

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    Complete Premium video at: http://fora.tv/conference/new_yorker_festival_2010 Best-selling author Malcolm Gladwell discusses America's dramatically changing notions of wealth and income inequality since the mid-20th century. Gladwell notes that top-earning Americans faced a 91% income tax rate during most of the 1950s. "What's amazing is that, if you even bring this up now, people don't believe you," he says. ----- This excerpt was taken from a program titled "The Magical Year 1975," featuring Malcolm Gladwell. It was recorded in collaboration with the New Yorker Festival, on October 3, 2010. Malcolm Gladwell has been a staff writer at The New Yorker since 1996. He is the author of, most recently, "What the Dog Saw: And Other Adventures," and the Times best-selling books "The Tipping Point: How Little Things Can Make a Big Difference," "Blink: The Power of Thinking Without Thinking," and "Outliers: The Story of Success."
latesturdunews

Chris Gayle ki toofani century | Samaa Urdu News - 0 views

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    کرس گیل نے انگلش بولرز کو دھو ڈالا ۔ ویسٹ انڈین اسٹار نے طوفانی سنچری سے دھوم مچادی...
Skeptical Debunker

Pliocene Hurricaines - 0 views

  • By combining a hurricane model and coupled ocean-atmosphere general circulation model to investigate the early Pliocene, Emanuel, Brierley and co-author Alexey Fedorov observed how vertical ocean mixing by hurricanes near the equator caused shallow parcels of water to heat up and later resurface in the eastern equatorial Pacific as part of the ocean wind-driven circulation. The researchers conclude from this pattern that frequent hurricanes in the central Pacific likely strengthened the warm pool in the eastern equatorial Pacific, which in turn increased hurricane frequency — an interaction described by Emanuel as a “two-way feedback process.”�The researchers believe that in addition to creating more hurricanes, the intense hurricane activity likely created a permanent El Nino like state in which very warm water in the eastern Pacific near the equator extended to higher latitudes. The El Nino weather pattern, which is caused when warm water replaces cold water in the Pacific, can impact the global climate by intermittently altering atmospheric circulation, temperature and precipitation patterns.The research suggests that Earth’s climate system may have at least two states — the one we currently live in that has relatively few tropical cyclones and relatively cold water, including in the eastern part of the Pacific, and the one during the Pliocene that featured warm sea surface temperatures, permanent El Nino conditions and high tropical cyclone activity.Although the paper does not suggest a direct link with current climate models, Fedorov said it is possible that future global warming could cause Earth to transition into a different equilibrium state that has more hurricanes and permanent El Nino conditions. “So far, there is no evidence in our simulations that this transition is going to occur at least in the next century. However, it’s still possible that the condition can occur in the future.”�Whether our future world is characterized by a mean state that is more El Nino-like remains one of the most important unanswered questions in climate dynamics, according to Matt Huber, a professor in Purdue University’s Department of Earth and Atmospheric Sciences. The Pliocene was a warmer time than now with high carbon dioxide levels. The present study found that hurricanes influenced by weakened atmospheric circulation — possibly related to high levels of carbon dioxide — contributed to very warm temperatures in the Pacific Ocean, which in turn led to more frequent and intense hurricanes. The research indicates that Earth’s climate may have multiple states based on this feedback cycle, meaning that the climate could change qualitatively in response to the effects of global warming.
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    The Pliocene epoch is the period in the geologic timescale that extends from 5 million to 3 million years before present. Although scientists know that the early Pliocene had carbon dioxide concentrations similar to those of today, it has remained a mystery what caused the high levels of greenhouse gas and how the Pliocene's warm conditions, including an extensive warm pool in the Pacific Ocean and temperatures that were roughly 4 degrees C higher than today's, were maintained. In a paper published February 25 in Nature, Kerry Emanuel and two colleagues from Yale University's Department of Geology and Geophysics suggest that a positive feedback between tropical cyclones - commonly called hurricanes and typhoons - and the circulation in the Pacific could have been the mechanism that enabled the Pliocene's warm climate.
Skeptical Debunker

For better trade, give peace a chance - 0 views

  • Trade's effect on military conflict is one of the most important issues in international relations. The last decade has seen research and debate into the role of trade intensify; Liberals argue that trade brings peace, neo-realists and neo-Marxists reason that trade brings conflict, and classical realists contend that trade has no impact. This debate is not just academic: some key U.S. policymakers (Senator McCain and former President Clinton for instance) believe that trade brings peace, a view that contributes to their support for free trade. Economists developed bilateral trade models in isolation from models of interstate conflict, which were the work of political scientists. These two types of models handle distance between nations differently. Bilateral trade takes its cue from Isaac Newton's formula for the gravitational attraction between two objects: the larger the objects' masses and the shorter the distance between them, the larger the attraction. So the larger the trade partners' economies and the closer they are to one another, the greater their trade. However, conflict models instead incorporate shared borders by land or close distance over water (contiguity) - stressing the role of border disputes in sparking interstate conflict. Distance is included in conflict equations based on the idea that an army gets weaker the farther it strays from its base, but what point in a nation to pick for the trade and conflict equation is unclear. Often theorists use the distance between capital cities, which is problematic: wars generally happen around borders where armies are often based, and capitals have historically changed without this altering the likelihood of war between the nation and its neighbours. The authors suggest that the trade data set plugged into trade and conflict equations is critical. This type of data often contains gaps - there are a number of reasons why data from a particular nation might be unavailable, inevitably leaving researchers to make assumptions. The majority of trade and conflict studies define conflict to include all types of militarised interstate disputes (MIDs). But Keshk, Reuveny, and Pollins question the results generated when different conflict definitions are chosen. For instance, a conflict such as a threat to use nuclear weapons would not cause fatalities, but may still have some impact on trade and vice versa. In fact, by altering the data treatment and assumptions in the equation, the authors generated a variety of results, which supported several different theoretical viewpoints. The authors suggest that future research should investigate questions of missing bilateral trade data, and attempt a more subtle use of the meaning of "military conflict". Researchers might also develop distance and contiguity measures at a more sophisticated level. "Any signal that trade brings peace remains weak and inconsistent, regardless of the way proximity is modelled in the conflict equation. The signal that conflict reduces trade, in contrast, is strong and consistent," say the authors. "Any study of the effect of trade on conflict that ignores the reverse fact is practically guaranteed to produce estimates that contain simultaneity bias." Studies of the relationship between international trade and military conflict can be traced back many centuries, particularly in the works of luminaries such as de Montesquieu, Immanuel Kant, John Hobson, Vladimir Lenin, Henry Morgenthau, Kenneth Waltz, Frederic List, and Albert Hirschman. This latest study emphasises that international politics are affecting trade between nation pairs, while it is far less obvious whether trade systematically affects politics. "To our colleagues from the liberal camp we would like to say that we still believe there are limited circumstances in which more trade may help lead countries to more peaceful resolutions of their differences, particularly if they are already at peace," the authors state. "However, it is past time for academics and policymakers to look beyond the naive claim that the cultivation of trade ties will always and everywhere produce a more peaceful world."
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    Liberal theorists and politicians have long argued that trade leads to peaceful relations between nations - a view that informs the push for free trade. However, many international relations experts dispute this claim. New US research out today, in the journal Conflict Management and Peace Science published by SAGE, finds that rather than trade being the driver, peace is actually the vital ingredient that allows trade to flourish.
Sarah Eeee

Income Inequality and the 'Superstar Effect' - NYTimes.com - 0 views

  • Yet the increasingly outsize rewards accruing to the nation’s elite clutch of superstars threaten to gum up this incentive mechanism. If only a very lucky few can aspire to a big reward, most workers are likely to conclude that it is not worth the effort to try.
  • It is true that the nation grew quite fast as inequality soared over the last three decades. Since 1980, the country’s gross domestic product per person has increased about 69 percent, even as the share of income accruing to the richest 1 percent of the population jumped to 36 percent from 22 percent. But the economy grew even faster — 83 percent per capita — from 1951 to 1980, when inequality declined when measured as the share of national income going to the very top of the population.
  • The cost for this tonic seems to be a drastic decline in Americans’ economic mobility. Since 1980, the weekly wage of the average worker on the factory floor has increased little more than 3 percent, after inflation. The United States is the rich country with the most skewed income distribution. According to the Organization for Economic Cooperation and Development, the average earnings of the richest 10 percent of Americans are 16 times those for the 10 percent at the bottom of the pile. That compares with a multiple of 8 in Britain and 5 in Sweden.
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  • Not coincidentally, Americans are less economically mobile than people in other developed countries. There is a 42 percent chance that the son of an American man in the bottom fifth of the income distribution will be stuck in the same economic slot. The equivalent odds for a British man are 30 percent, and 25 percent for a Swede.
  • Just as technology gave pop stars a bigger fan base that could buy their CDs, download their singles and snap up their concert tickets, the combination of information technology and deregulation gave bankers an unprecedented opportunity to reap huge rewards. Investors piled into the top-rated funds that generated the highest returns. Rewards flowed in abundance to the most “productive” financiers, those that took the bigger risks and generated the biggest profits. Finance wasn’t always so richly paid. Financiers had a great time in the early decades of the 20th century: from 1909 to the mid-1930s, they typically made about 50 percent to 60 percent more than workers in other industries. But the stock market collapse of 1929 and the Great Depression changed all that. In 1934, corporate profits in the financial sector shrank to $236 million, one-eighth what they were five years earlier. Wages followed. From 1950 through about 1980, bankers and insurers made only 10 percent more than workers outside of finance, on average.
  • Then, in the 1980s, the Reagan administration unleashed a surge of deregulation. By 1999, the Glass-Steagall Act lay repealed. Banks could commingle with insurance companies at will. Ceilings on interest rates vanished. Banks could open branches anywhere. Unsurprisingly, the most highly educated returned to banking and finance. By 2005, the share of workers in the finance industry with a college education exceeded that of other industries by nearly 20 percentage points. By 2006, pay in the financial sector was again 70 percent higher than wages elsewhere in the private sector. A third of the 2009 Princeton graduates who got jobs after graduation went into finance; 6.3 percent took jobs in government.
  • Then the financial industry blew up, taking out a good chunk of the world economy. Finance will not be tamed by tweaking the way bankers are paid. But bankers’ pay could be structured to discourage wanton risk taking
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    (Part 2 of 2 - see first part below) What impact do the incredible salaries of superstars have on the rest of us? What has changed, technologically and socially, to precipitate these inequities? This article also offers a brief look at the relationship between income inequality and economic growth, comparing the US throughout its history and the US vis a vis several European countries.
Ahmad Al-Shagra

Saddam is Hanged for His Crimes, Who will Hang Bush/Blair for Theirs? - 0 views

  • Rumsfeld's famous hand shake with Saddam provides the proof on tha
    • Ahmad Al-Shagra
       
      Ridiculous misinterpretation to back such a statement
  • Saddam was originally a CIA man recruited to assassinate the previous Iraqi president Abdel-Karim Qassem
    • Ahmad Al-Shagra
       
      First time I hear this one, also not substantiated with references, this article should be in the science-fiction section
    • Jin Jirrie
       
      http://www.informationclearinghouse.info/article2849.htm Info on Saddam's relationship with the CIA
  • his war of aggression against Iran
    • Ahmad Al-Shagra
       
      From this I can safely say a Pro-Iran biased writer is the author
    • Jin Jirrie
       
      Iraq invaded Iran in September 1980 - partly instigated from a border dispute between the 2 countries - Iran was supplying the Kurds with weapons in the border areas. http://www.brucekelly.com/saddam-hussein-iran.html Both countries deployed chem weapons http://www.fas.org/irp/gulf/cia/960702/72566_01.htm The US supported Iraq against Iran. http://www.wsws.org/articles/2004/mar2004/irq8-m29.shtml
    • Jin Jirrie
       
      From a Facebook commentor on the article: "In a secret 1981 memo summing up a trip to the Middle East, then-Secretary of State Alexander Haig wrote: "It was also interesting to confirm that President Carter gave the Iraqis a green light to launch the war against Iran through Prince Fahd" of Jordan." U.S. National Security Adviser Zbigniev Brzezinski met with a Saddam Hussein in July 1980 in... Read More Amman, Jordan, to discuss joint efforts to oppose Iran."
    • Jin Jirrie
       
      From a commentator on the article on Facebook: "In a secret 1981 memo summing up a trip to the Middle East, then-Secretary of State Alexander Haig wrote: "It was also interesting to confirm that President Carter gave the Iraqis a green light to launch the war against Iran through Prince Fahd" of Jordan." U.S. National Security Adviser Zbigniev Brzezinski met with a Saddam Hussein in July 1980 in Amman, Jordan, to discuss joint efforts to oppose Iran."
    • Jin Jirrie
       
      Why doesn't this diigo thingy remove my posts when I tell it too ... grrrrr
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  • 700 thousands mostly civilian Iraqis during the last three years of American occupation
    • Ahmad Al-Shagra
       
      actually 6 years, and more than 1,000,000
    • Ahmad Al-Shagra
    • Jin Jirrie
       
      The article refers to the past 3 years - the last estimate by Lancet (as we know the US doesn't count the results of its carnage) was in 2006 http://en.wikipedia.org/wiki/Lancet_surveys_of_casualties_of_the_Iraq_War 654,965 to 2006 - so a ballpark for the last 3 years around the 700000 mark is plausible if one accepts the Lancet methodology. http://www.iraqbodycount.org/ OTOH says around 100,000 all told.
  • hundreds of thousands of Iraqis
    • Ahmad Al-Shagra
       
      Millions in Syria Alone
    • Jin Jirrie
       
      Which incident are you referring to here?
    • Jin Jirrie
       
      Death counts from wars - good link is here: http://users.erols.com/mwhite28/warstat4.htm
  • Saddam is just a "baby" ruthless dictator compared to Bush and Blair.
    • Ahmad Al-Shagra
       
      Is this still an article?
  • when he converted Iraq's reserve funds from Dollars to Euros
    • Ahmad Al-Shagra
       
      This happened in the 21st century, not the 80's, but its agreed on by many that it changed the game
    • Jin Jirrie
       
      Saddam's fatal mistakes of trading oil in euros, not dollars happened twice - In 1999 and in November 2000. http://www.globalpolicy.org/nations/sovereign/dollar/2003/03oil.htm
    • Jin Jirrie
       
      Saddam's fatal mistake of switching to euros from dollars for oil happened in 1999. http://www.globalpolicy.org/nations/sovereign/dollar/2003/03oil.htm
  • that were used to bomb Kurdish Halabja
    • Ahmad Al-Shagra
       
      CIA published a report back in the 80's stating Iraq did not own the Chemical Weapons used in Halabja, yet, coincidently Iran did.
    • Jin Jirrie
       
      Some still dispute the events, yet http://en.wikipedia.org/wiki/Halabja_poison_gas_attack and see discussion.
  • last three years
    • Ahmad Al-Shagra
       
      For the last time, 6 years - not 3
    • Jin Jirrie
       
      Sure - the article refers to the last 3 years though. I can't find any stats that cover the last 3 years death toll, so it's a fuzzy figure to me also.
Bakari Chavanu

Capitalism's Self-inflicted Apocalypse - 0 views

  •  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.
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  • 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.
Bakari Chavanu

Skepticblog » Capitalism-A Propaganda Story - 0 views

  • When Michael Moore said that capitalism should be replaced by democracy, it didn’t make the most sense, I agree. However, it is well known that the economic system of socialism change how effective a political system works. Captialism, when allowed to go to extremes can also interfere with our political system.
  • Suggestion #1 Shermer should stay out of politics and economics. #2 He and all of you should read this: How the Servant Became a Predator, Finance’s Five Fatal Flaws By William K. Black Assoc. Professor, Univ. of Missouri, Kansas City
  • Michael Moore is a fantastic skeptic. He doesn’t fall for the cultural mythologies of our age. The fervor that some people hold for their favorite economic systems is much akin to that held for religions. People get bent all out of shape when someone is sacrilegious enough to point out the problems and disconnects within their worshipped system. Some people think that there is some kind of magical something or other to their economic system that makes it function automatically. When you go looking for the “man behind the curtain”, you find out how frail the system really is.
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  • The microeconomics that drive the lives of ordinary people and businessmen do not necessarily coordinate with the macroeconomic needs of a nation.
  • In this latest installment in his continuing series of what’s wrong with America, Michael Moore takes aim at his biggest target to date, and the result is a disaster. The documentary is not nearly as funny as his previous films, the music selections seem contrived and flat, and the edits and transitions are clumsy, wooden, and not nearly as effective as what we’ve come to expect from the premiere documentarian (Ken Burns notwithstanding) of our time. And, most importantly, the film’s central thesis is so bad that it’s not even wrong.
  • Even if people were more educated individual behavior is determined by the structure of society.
  • I fail to see how businesses only operate without coercion. Businesses only operate without coercion if they have been coerced to do so. There are many examples in history of businesses taking as much control of their employees’ lives as possible. It is only due to government regulation that we do not have more businesses treating employess as property as some coal mines once did.
  • If we ask which economic system produces the greatest human well-being, the overwhelming evidence is already in: we know economic libertarianism doesn’t work. The only serious question, the only question for critical thinkers, is what balance between state and market (assuming we can even make a meaningful distinction between them in some cases) is ideal?
  • Both are idealistic, purist and pseudo-rational systems of belief that were the basis of the greatest ideological divide of the 20th century. I think it’s time we grew up from both and set about the hard task of finding out how to really make an economic system work for us, and not the other way around.
  • In general, libertarians seem to have a blindspot when it comes to noticing the self-serving aspects of their beliefs. They often spout words like “liberty” and “freedom” without even considering that they might be truly wanting “liberty” from responsibility toward others and “freedom” from paying back the society that has often served their interests quite well.
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