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thinkahol *

"Captured Europe" by Simon Johnson | Project Syndicate - 0 views

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    The Greek default has turned out to be the proverbial dog that didn't bark. The lesson for Europe - and for the US - is clear: it is time to stop listening to what banks say, and start focusing on what they do. We must re-evaluate the distorted political economy of the financial sector, before the excessive power of the few imposes even larger costs on everyone else.
Ian Schlom

Chavez lauds new Latin American alliance - 0 views

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    qt: Chavez called the foundation of CELAC an achievement 200 years in the making, the realisation of the ambitions of independence hero Simon Bolivar. "'Only unity will make us free,' Chavez said to applause at the opening ceremony. 'This is the path: Unity, unity, unity!'" "Usually all these countries, whenevever they would have met, it would have been the US and Canada. This is the first time they're doing it without these two countries, and their aim is to foster regional integration."
thinkahol *

Open proposal to US higher education: end oligarchy economics, save trillions with educ... - 0 views

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    Economics: I'm going to discuss trillions of dollars in a moment. As an economics teacher, I understand numbers this large are extremely difficult to imagine. If you are among the majority with this difficulty, I recommend that you follow the expert testimony that paints the picture, and know that success in this area of public education transformation that unleashes trillions of our dollars for human creative capacity in unimaginable power is sufficient to end the current economic crisis. This is the longest section of my briefing. If you tire in reading, please consider that at trillions of dollars of annual public benefits, you literally have nothing more valuable to do than understand the following facts and ideas. Harvard's Linda Bilmes co-authored a paper with Nobel Prize winner Joseph Stiglitz estimating the long-term costs of current US wars at now $3 to $5 trillion ($30-$50,000 per US household of $50,000/year income), with total debt increase since 2001 of over $10 trillion. Remember, as demonstrated by the evidence disclosed by our own government, all the reasons Americans were told to go to war were known to be lies as they were told and applicable law proves these wars Orwellian unlawful. Just down the Charles River from Harvard, MIT's Simon Johnson (and former Chief Economist of the International Monetary Fund) describes our economy being lead by gambling oligarchs who have captured government as in banana republics (his words), and might plunge the US into an economy worse than the Great Depression. From his article under the telling title, The Quiet Coup: "Elite business interests-financiers, in the case of the U.S.-played a central role in creating the crisis, making ever-larger gambles, with the implicit backing of the government, until the inevitable collapse. More alarming, they are now using their influence to prevent precisely the sorts of reforms that are needed, and fast, to pull the economy out of its nosedive. The govern
thinkahol *

US embassy cables: The job of the media is not to protect the powerful from embarrassme... - 0 views

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    It is for governments - not journalists - to guard public secrets, and there is no national jeopardy in WikiLeaks' revelations
thinkahol *

Simon Johnson: Tax cuts move U.S. closer to fiscal crisis - 0 views

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    President Barack Obama is receiving congratulations for moving to the center on the tax agreement with Republicans last week. Both sides think they got something: Democrats feel this will nudge unemployment below 8.5 percent in 2012, helping the president get re-elected; Republicans achieved long-standing goals on measures such as the estate tax and think they will get most of the credit for an economic recovery that's already under way. The truth is, the deal moved us closer to a fiscal crisis, just as the euro zone now is experiencing.
thinkahol *

Incipient Fascist State - 0 views

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    Paul Craig Roberts was Assistant Secretary of the Treasury during President Reagan's first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University. He was awarded the Legion of Honor by French President Francois Mitterrand.
Joe La Fleur

Roger L. Simon » Obama's New Nomenklatura - 0 views

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    OBAMA PROMISES IN HIS SECOND TERM A NEW CLASS OF PERMANENT ELITES
Arabica Robusta

West 86th - The Administration of Things: A Genealogy - 0 views

  • “If men never disagreed about the ends of life, if our ancestors had remained undisturbed in the Garden of Eden, the studies to which the Chichele Chair of Social and Political Theory is dedicated could scarcely have been conceived,” Isaiah Berlin told his audience at Oxford when he assumed that position in 1958. Philosophy was at its best when it was being contentious, especially when it was being contentious about the meaning and purpose of our common existence. Too much agreement was an abdication of its ethical responsibility
  • The task of philosophy was not to settle disputes, but to unsettle them, to encourage them, to keep them going. For it was only through disputation that we could resist the rule of experts and machines, the bureaucratic-technocratic society foretold by Saint-Simon and championed by Marx and Engels, a society in which we replace the “government of persons by the administration of things.”
  • Louis de Bonald pointed to the hard choices that the state would have to make. “In the modern state, we have perfected the administration of things at the expense of the administration of men, and we are far more preoccupied with the material than the moral,” he wrote. “Few governments nurture religion or morality with the same attention that they promote commerce, open communications, keep track of accounts, provide the people with pleasures, etc.” 12
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  • All history, Comte argued, is a history of class struggle. Not the struggle between master and slave, lord and serf, bourgeois and proletarian—that was still a couple decades away—but the struggle between two classes of phenomena: “critical” phenomena that contributed to moral and political decay and “organic” phenomena that promoted individual and social regeneration.
  • The objective was to protect against arbitrariness in all of its manifestation. Earlier political thinkers had tended to associate arbitrariness mainly with absolutist governments, but for Comte any form of government was susceptible so long as it rested on “metaphysical” rather than “positive” principles.
  • Engels believed that the obsession with detail that had characterized utopian socialism—its compulsion to work out every last aspect of future social organization—is precisely what made it so utopian.
  • When, at last, it becomes the real representative of the whole of society, it renders itself unnecessary. As soon as there is no longer any social class to be held in subjection; as soon as class rule, and the individual struggle for existence based upon our present anarchy in production, with the collisions and excesses arising from these, are removed, nothing more remains to be repressed, and a special repressive force, a State, is no longer necessary.
  • “I think it was Trotsky who used a very plain but very telling metaphor,” the historian Isaac Deutscher told graduate students in a seminar on bureaucracy at the London School of Economics in 1960. “The policeman can use his baton either for regulating traffic or for dispersing a demonstration of strikers or unemployed. In this one sentence is summed up the classical distinction between administration of things and administration of men.”
  • Our hasty genealogy of the “administration of things” must conclude with its latest, and quite possibly last, iteration: Bruno Latour’s “Parliament of Things,” or Dingpolitik. Initially proposed in his book We Have Never Been Modern (1991), then extended in a massive exhibition and accompanying catalog, Making Things Public (2005), Latour’s program has attracted a growing number of partisans in the world of political theory
Levy Rivers

Where did the tables turn? - Roger Simon - Politico.com - 0 views

  • Except in Iowa, in January of this year, they did vote. Younger voters represented 22 percent of the vote in the Iowa caucus— the highest youth turnout in any state so far — and Obama got 57 percent of them to Clinton’s 11 percent. The youth vote, in fact, turned out to be about 30 percent of Obama’s total vote.
  • But to my way of thinking, Clinton’s loss in Iowa was a critical one, because she was no longer inevitable. She had let Obama into the game. She had let a candidate with money and a message get off to a running start. She had allowed him to become a credible candidate.
  • As it turned out, Obama had both a strategy and the money to execute it. His campaign knew what the race really was about: the acquisition of pledged delegates.
Levy Rivers

Where did the tables turn? - Roger Simon - Politico.com - 0 views

  • Clinton’s campaign strategy in Iowa was a traditional one: Target those voters who had voted in the past — the most reliable kind of voters there are — and then get them to the polls. And some Clinton aides were openly contemptuous of Obama’s attempt to “expand the universe” and bring in younger voters.
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