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in title, tags, annotations or urlFive Economic Reforms Millennials Should Be Fighting For | Politics News | Rolling Stone - 0 views
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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?
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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.
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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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In Search of a Gotcha Moment |The Political Pragmatic - 0 views
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The idea that journalists have no responsibility to the dissemination of helpful information is ridiculous to me. It certainly is not the media's job to accommodate misinformation and falsehoods. The presentation of facts is not a partisan issue. I can't help but wonder what ethics their willingness to peddle partisan bullshit supports.
An Interview With Glenn Greenwald - Ideas Special Report - The Atlantic - 0 views
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"Q. How does your background as a constitutional law and civil rights litigator inform the way you approach research and writing as a journalist? One of the primary skills one learns as a litigator is to make one's case by beginning with first premises, establishing their truth with evidence, and then compelling the conclusions you want others to reach. That's how I try to write now. I think that if you want to make an argument, there's an obligation to lay out the premises for it, provide evidence for it, allow readers to assess the documentation for themselves. That belief probably comes from the way judges and juries need to be persuaded that an argument is true. Beyond that, I chose to litigate constitutional and civil rights cases, and to represent plaintiffs, because I wanted to use my abilities to empower those who are vulnerable and powerless and who are being mistreated by the powerful. That, to me, is a primary purpose of the Constitution itself, and, when done correctly, a core purpose of journalism. That's what I try to do now as well in the work I do. I'd much rather be at war with corrupt elites than serving their interests."
Open proposal to US higher education: end oligarchy economics, save trillions with education. 3 of 4 - 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
TAPPED Archive | The American Prospect - 0 views
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As one of the "sensible" conservatives on The New York Times' editorial page, Ross Douthat has a habit of using his column to provide a thin veneer of respectability to otherwise ugly ideas. Riffing off of the Cordoba House controversy, Douthat relies on the country's past experiences with unfamiliar immigrants to endorse nativism and xenophobia as a way of pushing immigrants toward greater assimilation. But this is bad history; the nativists of 19th-century America weren't much interested in having "new arrivals adapt to Anglo-Saxon culture," rather, the nativists of mid-19th-century America wanted to keep immigrants off of American shores. [Just like now]
LRB · David Runciman · How messy it all is - 0 views
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Sometimes inequality is bad for almost everyone, and sometimes only for certain people; sometimes it is worst for the people at the bottom, and sometimes it is just as bad for the people at the top. Different societies are equal or unequal for different reasons, sometimes by necessity, sometimes by choice. More equality is a good thing and it's an idea that's worth defending. It would be nice if there were more politicians willing to stand up and defend it, however they saw fit.
Inspired by tea party success, Latinos float 'Tequila Party' grass-roots movement - Yahoo! News - 0 views
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Latino leaders in Nevada and around the country are floating the idea of breaking traditional ties with the Democratic Party and creating a grass-roots independent movement tentatively called the Tequila Party. According to Delen Goldberg at the Las Vegas Sun, the leaders want to pressure the Democratic Party to deliver on Latinos' priorities much in the same way the tea party has done with the GOP over the past few years.
The Raw Story | Bill seeks to jack soldiers' 'off time' reading materials - 0 views
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A bunch of right wing congressmen, supported by "pro-family organizations," are trying to close a loophole that allows active duty soldiers to buy pornography on base. "Here's a radical idea: how about we let the men and women that put on the uniform and put their lives on the line every day read whatever they want."
Prudential-AIG Deal Another Case of Corporate Empire Building - 0 views
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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!
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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.
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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!).
Ezra Klein - How the filibuster was invented - 0 views
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"And once they do figure it out, of course, they could never rid themselves of it because the minority never had an interest in letting go of their advantage. Binder's history doesn't have much bearing on whether the filibuster is a good thing or a bad thing. Plenty of accidents are happy accidents. But it should put to rest the idea that the filibuster somehow represents the will of the Founders, or it was adopted as part of a conscious effort to protect minority rights. The filibuster was an accident. It has been reformed a number of times (notably in 1917, when cloture was set at 67 votes, and in 1975, when cloture was lowered to 60 votes). It can be kept in its current state, strengthened, weakened or abolished. There is nothing sacred about it."
The Rich Can Already Call It a Year « SpeakEasy - 0 views
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Well, 2011, it's been nice. But I think we've worked enough already. In any case, we've already made enough money. Time to call it a year. This is a ridiculous idea, right? Yet, as the Canadian Financial Post reported at the beginning of the week, "Top CEOs will have earned average workers' full annual pay by 2:30 p.m. today." The "today" in question was Monday, January 3, the first business day of the year. Here's their explanation:
Wars Are Not Fought on Battlefields - 0 views
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Truthout is publishing chapter eight of my new book "War Is A Lie." I should explain where it fits in the overall argument I've made. The book strives to make a comprehensive case against the very idea that there can ever be a good or just war, any more than there can be a good slavery or a just rape. While Americans often turn against particular wars after cheering for them, many people maintain the fantasy that there could be a really good or necessary war next month. This delusion helps to keep around what President Eisenhower 50 years ago this week called the military-industrial complex, which is itself a large source of pressure for more wars.
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