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Bakari Chavanu

Five Economic Reforms Millennials Should Be Fighting For | Politics News | Rolling Stone - 0 views

  • Some economists have proposed running a job guarantee through the non-profit sector, which would make it even easier to suit the job to the worker. Imagine a world where people could contribute the skills that inspire them – teaching, tutoring, urban farming, cleaning up the environment, painting murals – rather than telemarketing or whatever other stupid tasks bosses need done to supplement their millions. Sounds nice, doesn't it?
    • Bakari Chavanu
       
      Jeremey Rifkin's The End of Work proposes this idea.
  • What if people didn't have to work to survive? Enter the jaw-droppingly simple idea of a universal basic income, in which the government would just add a sum sufficient for subsistence to everyone's bank account every month. A proposal along these lines has been gaining traction in Switzerland, and it's starting to get a lot of attention here, too.
  • A universal basic income would address this epidemic at the root and provide everyone, in the words of Duke professor Kathi Weeks, "time to cultivate new needs for pleasures, activities, senses, passions, affects, and socialities that exceed the options of working and saving, producing and accumulating."
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  • Ever noticed how much landlords blow? They don't really do anything to earn their money. They just claim ownership of buildings and charge people who actually work for a living the majority of our incomes for the privilege of staying in boxes that these owners often didn't build and rarely if ever improve.
  • In a few years, my landlord will probably sell my building to another landlord and make off with the appreciated value of the land s/he also claims to own – which won't even get taxed, as long as s/he ploughs it right back into more real estate.
  •  Municipalities themselves can be big-time landowners, and groups can even create large-scale community land trusts so that the land is held in common. In any case, we have to stop letting rich people pretend they privately own what nature provided everyone.
  • Hoarders blow. Take, for instance, the infamous one percent, whose ownership of the capital stock of this country leads to such horrific inequality. "Capital stock" refers to two things here: the buildings and equipment that workers use to produce goods and services, and the stocks and bonds that represent ownership over the former. The top 10 percent's ownership of the means of production is represented by the fact that they control 80 percent of all financial assets.
    • Bakari Chavanu
       
      Defines capital stock
  • You know what else really blows? Wall Street. The whole point of a finance sector is supposed to be collecting the surplus that the whole economy has worked to produce, and channeling that surplus wealth toward its most socially valuable uses. It is difficult to overstate how completely awful our finance sector has been at accomplishing that basic goal. Let's try to change that by allowing state governments into the banking game.
  • There is only one state that currently has a public option for banking: North Dakota.
  • When North Dakotans pay state taxes, the money gets deposited in the state's bank, which in turn offers cheap loans to farmers, students and businesses. The Bank of North Dakota doesn't make seedy, destined-to-default loans, slice them up inscrutably and sell them on a secondary market.
Bakari Chavanu

Michael Moore Kills Capitalism with Kool-Aid - Michael W. Covel - Mises Institute - 0 views

  • Oh sure, in theory I would like to see everyone with their own homestead, money in their pocket for regular shopping frenzies, and no health worries despite eating at Burger King 24/7, but arriving at those goals is not exactly doable unless government robs Peter to pay Paul and/or starts up the printing press.
    • Bakari Chavanu
       
      This analysis totally overlooks where real wealth originates from: not from dollars printed by the government or even the redistribution of taxes. It originates from what working class people produce, and what capialist thugs mainly profit off of.
  • And that view of course puts me in opposition to Moore since he has no problem with government as his and our father figure. That is his utopia. He truly believes that warehouses of federal workers, in Washington, D.C., remotely running our lives is the optimal plan. He is an unapologetic socialist who really doesn't care why the poor are poor or the rich are rich, he just wants it fixed. So not surprisingly — and with some generalization as I proffer this — Democrats like Moore and Republicans don't.
    • Bakari Chavanu
       
      This is not the point he made in the movie. He makes the argument that workers should control and profite from what they produce.
  • I don't care one way or the other that he has that view and I am not knocking union workers, but Moore sees the world through a class-warfare lens resulting in a certain agenda: force wealth to be spread amongst everyone regardless of effort.
    • Bakari Chavanu
       
      So you think it's perfectly okay for individuals to have a net worth of millions and billions of dollars while the people who produce the wealth should not profit from their work?
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  • We listen to heartbreaking stories of foreclosed families across America — but we don't learn why the foreclosures happened. Did these people treat their homes as piggy banks? Was there refinancing on top of refinancing just to keep buying mall trinkets and other goodies with no respect to risk or logic? We don't find out.
    • Bakari Chavanu
       
      Yes, we do learn the source of foreclosures. It's banks raising interest rates that people can't possibly pay. It's people making huge amounts of money off the misfortunes of others.
  • $1,000 for cleaning out the house that they were just evicted from. Was it sad? Yes. But should we end capitalism due to this one family in Peoria, IL?
    • Bakari Chavanu
       
      He presents this as represenetive example.
  • There is a lengthy dissertation on the evils of Goldman Sachs. He rips Robert Rubin and Hank Paulson big time, and I agree with him. In fact, I said to myself, "Moore, you should have done your whole film on Goldman Sachs!"
  • As FDR concluded and the film ended, I was shocked at the reaction. The theater of 400-plus spectators stood and cheered wildly at FDR's 1944 proposal. The questions running through my head were immediate: how does one legislate words like useful, enough, recreation, adequate, decent, and good? Who decides all of this and to what degree?
  • So that the record of history is absolutely crystal clear: that there is no alternative way so far discovered of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by a free enterprise system.
  • Friedman's logic was what I was remembering as a theater full of people cheered wildly for a second Bill of Rights. How did this film crowd actually think FDR's 1944 vision could be executed? Frankly, it was clear to me at that moment that capitalism is on shaky ground. From Bush "abandoning" capitalism to bailouts for everyone, to Obama gifting away the future, we seriously might be past the point of no return toward a socialization of America.
  • This film did not make me angry, but it did punch me in the gut. The people in that theater with me, including Moore, were not bad people. They just seem to all have consumed a lethal dose of Kool-Aid.
    • Bakari Chavanu
       
      What Kool-aid are you talking about? What other system is really challenging capitalism? Not even the government is the real kool-aid when you've already noted that it works on behalf of the corporate class.
  • Moore sees Reagan entering the scene as a shill for corporate-banking interests.
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    I include my reacations to this review in which I think Covel misleads readers about Moore's movie.
thinkahol *

The joys of repressed voyeuristic titillation - Glenn Greenwald - Salon.com - 0 views

  • What makes the Anthony Weiner story somewhat unique and thus worth discussing for a moment is that, as Hendrik Hertzberg points out, the pretense of substantive relevance (which, lame though it was in prior scandals, was at least maintained) has been more or less brazenly dispensed with here.  This isn't a case of illegal sex activity or gross hypocrisy (i.e., David Vitter, Larry Craig, Mark Foley (who built their careers on Family Values) or Eliot Spitzer (who viciously prosecuted trivial prostitution cases)).  There's no lying under oath (Clinton) or allegedly illegal payments (Ensign, Edwards).  From what is known, none of the women claim harassment and Weiner didn't even have actual sex with any of them.  This is just pure mucking around in the private, consensual, unquestionably legal private sexual affairs of someone for partisan gain, voyeuristic fun and the soothing fulfillment of judgmental condemnation.  And in that regard, it sets a new standard: the private sexual activities of public figures -- down to the most intimate details -- are now inherently newsworthy, without the need for any pretense of other relevance.
  •  
    What makes the Anthony Weiner story somewhat unique and thus worth discussing for a moment is that, as Hendrik Hertzberg points out, the pretense of substantive relevance (which, lame though it was in prior scandals, was at least maintained) has been more or less brazenly dispensed with here.  This isn't a case of illegal sex activity or gross hypocrisy (i.e., David Vitter, Larry Craig, Mark Foley (who built their careers on Family Values) or Eliot Spitzer (who viciously prosecuted trivial prostitution cases)).  There's no lying under oath (Clinton) or allegedly illegal payments (Ensign, Edwards).  From what is known, none of the women claim harassment and Weiner didn't even have actual sex with any of them.  This is just pure mucking around in the private, consensual, unquestionably legal private sexual affairs of someone for partisan gain, voyeuristic fun and the soothing fulfillment of judgmental condemnation.  And in that regard, it sets a new standard: the private sexual activities of public figures -- down to the most intimate details -- are now inherently newsworthy, without the need for any pretense of other relevance. 
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