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lilyrashkind

King Philip's War - Definition, Cause & Significance - HISTORY - 0 views

  • King Philip’s War—also known as the First Indian War, the Great Narragansett War or Metacom’s Rebellion—took place in southern New England from 1675 to 1676. It was the Native Americans' last-ditch effort to avoid recognizing English authority and stop English settlement on their native lands. The war is named after the Wampanoag chief Metacom, later known as Philip or King Philip, who led the fourteen-month bloody rebellion.
  • New England Confederation on May 19, 1643.
  • Metacom was the second son of Wampanoag chief Massasoit, who had negotiated a peace treaty with the colonists at Plymouth Plantation. But the agreement wasn’t enough to stop the colonist’s encroachment on Indian lands.
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  • After Massasoit's death in 1661, his eldest son Wamsutta, later named Alexander, succeeded him. In 1662, the English arrested Alexander on suspicion of plotting war. During questioning, he died, and Metacom—now known as Philip, as many Wampanoags took English names—came to power.
  • A jury made up of colonists and Indians found three Wampanoag men guilty for Sassamon’s murder and hanged them on June 8, 1675. Their execution incensed Philip, whom the English had accused of plotting Sassamon’s murder, and ignited tensions between the Wampanoag and the colonists, setting the stage for war.
  • Between June 20 and June 23, 1675, the Wampanoag carried out a series of raids against the Swansea colony of Massachusetts, killing many colonists and pillaging and destroying property. English officials responded by sending their military to destroy Philip’s home village of Mount Hope, Rhode Island.
  • A week later, around 700 Nipmuc Indians ambushed a militia group escorting a wagon train of colonists. Almost all colonists and militia were killed in the fighting, known as the Battle of Bloody Brook.
  • Hoping to prevent a spring Indian onslaught, Plymouth Colony’s Governor Josiah Winslow gathered the colonial militia and attacked a massive Narragansett and Wampanoag fortification near the Great Swamp in West Kingston, Rhode Island, on December 19, 1675.
  • under the leadership of Chief Canonchet. After the Great Swamp Fight, King Philip set up camp in New York, possibly to enlist the Mohawk’s assistance. But the Mohawk attacked the Wampanoag and forced them to retreat to New England, with the Mohawk in hot pursuit.
  • In an attack known as the “Nine Men's Misery" incident, Narragansett Indians ambushed around 60 colonists and 20 Christian Wampanoag Indians. The Indians killed almost all the colonists; however, nine men were captured and gruesomely tortured to death.
  • Throughout the spring of 1676, the tide began to turn for the English. In April, Chief Canonchet was captured, handed over to the Mohegans and shot, beheaded and quartered, leaving the Narragansett without a leader. In May, the militia attacked and killed up to 200 Narragansett at the Battle of Turner Falls at Peskeompscut near the Connecticut River.
  • The English-Indian soldier John Alderman shot and killed King Philip on August 20, 1676, at Mount Hope. King Philip was hung, beheaded, drawn and quartered. His head was placed on a spike and displayed at Plymouth colony for two decades.
  • Thousands of Indians were killed, wounded or captured and sold into slavery or indentured servitude. The war decimated the Narragansett, Wampanoag and many smaller tribes and mostly ended Indian resistance in southern New England, paving the way for additional English settlements.
Javier E

Opinion | Therapy Culture Has Undermined Our Maturity - The New York Times - 0 views

  • to trace the decline of the American psyche, I suppose I would go to a set of cultural changes that started directly after World War II and built over the next few decades, when writers as diverse as Philip Rieff, Christopher Lasch and Tom Wolfe noticed the emergence of what came to be known as the therapeutic culture.
  • In earlier cultural epochs, many people derived their self-worth from their relationship with God, or from their ability to be a winner in the commercial marketplace
  • in a therapeutic culture people’s sense of self-worth depends on their subjective feelings about themselves. Do I feel good about myself? Do I like me?
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  • many writers noticed that this ethos often turned people into fragile narcissists. It cut them off from moral traditions and the normal sources of meaning and identity. It pushed them in on themselves, made them self-absorbed, craving public affirmation so they could feel good about themselves
  • As Lasch wrote in his 1979 book, “The Culture of Narcissism,” such people are plagued by an insecurity that can be “overcome only by seeing his ‘grandiose self’ reflected in the attentions of others.”
  • “Plagued by anxiety, depression, vague discontents, a sense of inner emptiness, the ‘psychological man’ of the 20th century seeks neither individual self-aggrandizement nor spiritual transcendence but peace of mind, under conditions that increasingly militate against it.”
  • Fast forward a few decades, and the sense of lostness and insecurity, which Lasch and many others had seen in nascent form, had transmogrified into a roaring epidemic of psychic pain. By, say, 2010, it began to be clear that we were in the middle of a mental health crisis, with rising depression and suicide rates, an epidemic of hopelessness and despair among the young.
  • Social media became a place where people went begging for attention, validation and affirmation — even if they often found rejection instead.
  • Before long, safetyism was on the march. This is the assumption that people are so fragile they need to be protected from social harm. Slate magazine proclaimed 2013 “the year of the trigger warning.” Concepts like “microaggression” and “safe spaces” couldn’t have lagged far behind.
  • the elephantiasis of trauma
  • Once, the word “trauma” referred to brutal physical wounding one might endure in war or through abuse. But usage of the word spread so that it was applied across a range of upsetting experiences.
  • A mega-best-selling book about trauma, “The Body Keeps the Score,” by Bessel van der Kolk, became the defining cultural artifact of the era. Parul Sehgal wrote a perceptive piece in The New Yorker called “The Case Against the Trauma Plot,” noting how many characters in novels, memoirs and TV shows are trying to recover from psychological trauma — from Ted Lasso on down. In January 2022, Vox declared that “trauma” had become “the word of the decade,” noting that there were over 5,500 podcasts with the word in the title.
  • For many people, trauma became their source of identity. People began defining themselves by the way they had been hurt.
  • a culture war, and that’s what happened to the psychological crisis. In one camp, there were the coddlers.
  • They sought to alter behavior and reform institutions so that no one would feel emotionally unsafe
  • the coddling approach turned out to be counterproductive. It was based on a series of false ideas that ended up hurting the people it was trying to help.
  • the first bad idea in “The Coddling of the American Mind.” It was the notion that “what doesn’t kill you makes you weaker,” inducing people to look at the wounds in their past and feel debilitated, not stronger.
  • The second false idea was, “I am a thing to whom things happen.” The traumatized person is cast as a passive victim unable to control his own life. He is defined by suffering and
  • The third bad idea is, “If I keep you safe, you will be strong.”
  • But overprotective parenting and overprotective school administration don’t produce more resilient children; they produce less resilient ones.
  • The counterreaction to the coddlers came from what you might call the anti-fragile coalition. This was led by Jordan Peterson and thousands of his lesser imitators
  • they merely represented the flip side of the fragile victim mind-set.
  • The right-wing victimologists feel beset by hidden forces trying to oppress them, by a culture that conspires to unman them, dark shadowy conspiracies all around
  • recent right-wing narratives, even J.D. Vance’s “Hillbilly Elegy,” often follow the trauma formula: “Take the lamentations about atrophying manhood and falling sperm counts. Call it what you want, but the core idea is always shaped like trauma. Once, we were whole, but now we’re not; now we suffer from a sickness we struggle to grasp or name.”
  • The instability of the self has created an immature public culture — impulsive, dramatic, erratic and cruel. In institution after institution, from churches to schools to nonprofits, the least mature voices dominate and hurl accusations, while the most mature lie low, trying to get through the day.
  • They are considerate to and gracious toward others because they can see situations from multiple perspectives
  • The founders of the therapeutic ethos thought they were creating autonomous individualists who would feel good about themselves. But, as Lasch forecast: “The narcissist depends on others to validate his self-esteem. He cannot live without an admiring audience. His apparent freedom from family ties and institutional constraints does not free him to stand alone or to glory in his individuality. On the contrary, it contributes to his insecurity.”
  • Maturity, now as ever, is understanding that you’re not the center of the universe. The world isn’t a giant story about me.
  • In a nontherapeutic ethos, people don’t build secure identities on their own. They weave their stable selves out of their commitments to and attachments with others. Their identities are forged as they fulfill their responsibilities as friends, family members, employees, neighbors and citizens. The process is social and other-absorbed; not therapeutic.
  • Maturity in this alternative ethos is achieved by getting out of your own selfish point of view and developing the ability to absorb, understand and inhabit the views of others.
  • Mature people are calm amid the storm because their perception lets them see the present challenges from a long-term vantage.
  • People on all sides genuinely come to believe they are powerless, unwilling to assume any responsibility for their plight — another classic symptom of immaturity.
  • They can withstand the setbacks because they have pointed their life toward some concrete moral goal.
  • “one of the greatest indicators of our own spiritual maturity is revealed in how we respond to the weaknesses, the inexperience and the potentially offensive actions of others.”
  • a sign of maturity is the ability to respond with understanding when other people have done something stupid and given you the opportunity to feel superior.
Javier E

Yevgeny Prigozhin's 'coup' was just the first act in his plot to destroy Vladimir Putin - 0 views

  • the Russian Ministry of Internal Affairs (MVD) has gone so far as to run an initial inquiry into levels of public support, gauged by monitoring social media posts and internet searches by ordinary Russians.
  • Its findings, intercepted and leaked by Ukrainian intelligence, suggests that 17 of
  • Russia’s 46 regions sided with Prigozhin. Putin had support from just 21 regions, while the remaining eight remained split. Moscow apparently backed the Russian President, but his home city of St Petersburg was ready to throw its support behind the Wagner chief. Public support for Prigozhin in the republic of Dagestan was reportedly as high as 97 per cent.
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  • the country may be on the edge of civil war. It’s not just wishful thinking: the country has a history of failed coups leading to political upheaval.
Javier E

No rides, but lots of rows: 'reactionary' French theme park plots expansion | France | ... - 0 views

  • Nicolas de Villiers said the theme park – whose subject matter includes Clovis, king of the Franks, and a new €20m (£17m) show about the birth of modern cinema – was not about politics. He said: “What we want when an audience leaves our shows – which are works of art and were never history lessons – is to feel better and bigger, because the hero has brought some light into their hearts … Puy du Fou is more about legends than a history book.”
  • He said the park’s trademark high-drama historical extravaganzas worked because, at a time of global crisis, people had a hunger to understand their roots and traditions. “The artistic language we invented corresponds to the era we live in. People have a thirst for their roots, a thirst to understand what made them what they are today, which means their civilisation. They want to understand what went before them.” He called it a “profound desire to rediscover who we are”.
  • e added: “People who come here don’t have an ideology, they come here and say it’s beautiful, it’s good, I liked it.”
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  • Guillaume Lancereau, Max Weber fellow at the European University Institute in Florence, was part of a group of historians who published the book Puy du Faux (Puy of Fakes), analysing the park’s take on history. They viewed the park as having a Catholic slant, questionable depictions of nobility and a presentation of rural peasants as unchanged through the ages.
  • Lancereau did not question the park’s entertainment value. But he said: “Professional historians have repeatedly criticised the park for taking liberties with historical events and characters and, more importantly, for distorting the past to serve a nationalistic, religious and conservative political agenda. This raises important questions about the contemporary entanglement between entertainment, collective memory and politically oriented historical production …
  • “At a time when increasing numbers of undergraduates are acquiring their historical knowledge from popular culture and historical reenactments, the Puy du Fou’s considerable expansion calls for further investigation of a phenomenon that appears to be influencing the making of historical memory in contemporary Europe.”
  • Outside the park’s musketeers show, André, 76, had driven 650km (400 miles) from Burgundy with his wife and grandson. “We came because we’re interested in history,” he said. “The shows are technically brilliant and really make you think. You can tell it’s a bit on the right – the focus on war, warriors and anti-revolution – but I don’t think that matters.”
Javier E

What Comes After the Search Warrant? - The Atlantic - 0 views

  • This sort of rhetoric cooled, for a time, after Trump’s victory. But then came Special Counsel Robert Mueller’s investigation into Russian election interference and possible collusion. And the subsequent arrests of some of the president’s closest confidants. Then came the first impeachment of Trump himself. By the time his reelection campaign got under way, Trump was fashioning himself a wartime president, portraying himself on the front lines of a pitched battle between decent, patriotic Americans and a “deep state” of government thugs who aim to enforce conformity and silence dissent.
  • Voter after voter told me there had been a plot to sabotage Trump’s presidency from the start, and now there was a secretive plot to stop him from winning a second term. Everyone in government—public-health officials, low-level bureaucrats, local election administrators—was in on it. The goal wasn’t to steal the election from Trump; it was to steal the election from them.
  • This kind of thinking explains why countless individuals would go on to donate their hard-earned money—more than $250 million in total—to an “Election Defense Fund” that didn’t exist. It explains why others swarmed vote-counting centers, intimidated poll workers, signed on to shoddy legal efforts, flocked to fringe voices advocating solutions such as martyrdom and secession from the union, threatened to kill elections officials, boarded buses to Washington, and ultimately stormed the United States Capitol.
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  • What made January 6 so predictable—the willingness of Republican leaders to prey on the insecurities and outright paranoia of these voters—is what makes August 8 so dangerous.
  • “If they can do it to a former President, imagine what they can do to you,” read a tweet from Republicans on the House Judiciary Committee. They followed up: “The IRS is coming for you. The DOJ is coming for you. The FBI is coming for you. No one is safe from political punishment in Joe Biden’s America.”
  • It won’t stop with Trump—that much is certain. The House Republican leader, Kevin McCarthy, all but promised retaliation against the Justice Department should his party retake the majority this fall
  • We don’t know exactly what the FBI was looking for at Mar-a-Lago. We don’t know what was found. What we must acknowledge—even those of us who believe Trump has committed crimes, in some cases brazenly so, and deserves full prosecution under the law—is that bringing him to justice could have some awful consequences.
  • If Trump wins, he and his hard-line loyalists will set about purging the DOJ, the intelligence community, and other vital government departments of careerists deemed insufficiently loyal. There will be no political cost to him for doing so; a Trump victory will be read as a mandate to prosecute his opponents. Indeed, that seems to be exactly where we’re headed.
  • It feels lowest-common-denominator lazy, in such uncertain times, to default to speculation of 1860s-style secession and civil war. But it’s clearly on the minds of Americans. Last year, a poll from the University of Virginia showed that a majority of Trump voters (52 percent) and a strong minority of Biden voters (41 percent) strongly or somewhat agreed that America is so fractured, they would favor red and blue states seceding from the union to form their own countries.
  • Meanwhile, a poll from The Washington Post and the University of Maryland showed that one in three Americans believes violence against the government is justified, and a separate poll by NPR earlier this year showed that one in 10 Americans believes violence is justified “right now.”
  • Assuming that Trump runs in 2024, the stakes are even higher. If Biden—or another Democrat—defeats him, Republicans will have all the more reason to reject the results, given what they see as the Democrats’ politically motivated investigation of the likely Republican nominee.
  • Is that justice worth the associated risks? Yesterday, the nation’s top law-enforcement officers decided it was. We can only hope they were correct.
Javier E

Naomi Klein on wellness culture: 'We really are alive on the knife's edge' | Well actua... - 0 views

  • Why wellness became a seedbed for the far-right is one of several subjects that Naomi Klein explores in her latest book, Doppelganger: A Trip into the Mirror World.
  • She observed that people working in the field of bodily care seemed particularly drawn to anti-vax, anti-mask, “plandemic” beliefs. The Center for Countering Digital Hate’s report on the Disinformation Dozen – a list of 12 people responsible for circulating the bulk of anti-vax content online – was populated by a chiropractor, three osteopaths, and essential oil sellers, as well Christine Northrup, the former OB-GYN turned Oprah-endorsed celebrity doctor who claimed the virus was part of a deep state depopulation plot, and Kelly Brogan, the “holistic psychiatrist” and new age panic preacher.
  • some of this crossover made economic sense: for people working with bodies, social distancing often meant the loss of their livelihoods, and these “grievances set the stage for many wellness workers to see sinister plots in everything having to do with the virus”.
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  • If we were building multiracial, intergenerational social movements that were really rooted in confronting corporate power, then they could say whatever they want and it wouldn’t really bother me. But we’re talking about it less, and the more [conspiracists] talk about it, the more reticent we become. So it’s a dialectic that makes me queasy.
  • The parts of listening to Bannon that were most destabilizing were when I heard him saying things that sounded like the left, and when I heard him saying things that I agreed with in part – not in whole, but where I saw that kernel of truth and I realized how effective it was going to be in the mix and match with what I see as a fascist project that he’s engaged in.
  • I expect Steve Bannon to be monstrous on immigration, on gender. I expect that from him. It’s when he’s talking about corporate control of the media and saying things that are true about big tech that I start to get queasy and ask, wait a minute, why is he saying more about this than a lot of people on the liberal side of the spectrum? Have we ceded this territory?
  • This point seems central. The mirror world isn’t devoid of truth. Instead, it’s destabilizing because elements of truth are there, but warped.
  • Absolutely. And the destabilizing piece is not simply that they’re saying something true. It’s when you realize people [on the left] have stopped saying that true thing. That’s when you realize that it has power.
  • I saw these gym protests as a similar idea: my body is my temple. What I’m doing here is my protection; I’m keeping myself strong. I’m building up my immune system, my body is my force field against whatever is coming.
  • Ehrenreich has a completely different theory, which I think is much more plausible, which is this is the 1980s: people are in the wreckage of the failures of these huge social movements in the ‘60s and ‘70s. There had been this glimpse of collective power that a lot of people really thought was going to change the world, and suddenly they’re living through Thatcherism and Reaganism. And there is this turn towards the self, towards the body as the site of control.
  • Kneeling before the temple of the body also has fascist roots. Historically, certain ideals of human fitness were a way to communicate the value of citizens.Whenever you are working within a system of a hierarchy of humans and bodies, then you’re in fascism territory. I think that it made perfect sense that Nazis were body obsessives who fetishized the natural and the hyperfit form and genes.
  • There is a connection between certain kinds of new age ideas and health fads and the fascist project
  • After the second world war, a lot of people in the world of wellness ran in the opposite direction. But there are some ways in which they are natural affinities and they’re finding each other again
  • there is a way the quest for wellness and hyper fitness becomes obsessive.
  • Barbara Ehrenreich wrote about this really beautifully in her book about wellness culture, where she talks about the silence of the gyms. This is a collective space, right? Why aren’t people chitchatting? But often gyms are very silent and she speculates that maybe it’s because people are talking to someone, it’s just not the other people in the gym, it’s somebody in their head. They’re trying to tame their body into being another kind of body, a perfected body.
  • Ehrenreich is trying to understand why this exploded in the 1980s. The whole aerobics craze, the whole jogging craze. You know, how does somebody like Jerry Rubin, a member of the Yippies, turn into a health evangelist in the 1980s?
  • in lots of ways this is what Naomi Wolf was trying to understand in the Beauty Myth. Why was there so much more of a focus in the 1980s on personal appearance? She makes the case that beauty became a third shift for women: there was the work shift, there was the home shift, and on top of that, women were now also expected to look like professional beauties.
  • But the spread of misinformation across wellness culture was likely attributable to more complex factors, including the limits of conventional medicine and the areas of health that are understudied or dismissed.
  • Then you have all of these entrepreneurial wellness figures who come in and say, individuals must take charge of their own bodies as their primary sites of influence, control and competitive edge.
  • the flip side of the idea that your competitive edge is your body is that the people who don’t have bodies as fit or strong as yours somehow did something wrong or are less deserving of access, less deserving even of life.
  • And that is unfortunately all too compatible with far-right notions of natural hierarchies, genetic superiority and disposable people.
  • We should be compassionate with ourselves in terms of why we look away. There are lots of ways of distracting oneself from unbearable realities. Conspiracy theories are a kind of distraction. So is hyper fitness, this turn towards the self.
  • The compassion comes in where we acknowledge that there’s a reason why it is so hard to look at the reality of what has been unveiled by these overlapping crises – you could call it a polycrisis: of the pandemic, climate change, massive racial and economic inequality, realizing that your country was founded on a lie, that the national narratives that you grew up on left out huge parts in the story.
  • All of this is hard to bear.
  • Because we live in a hyper-individualist culture, we try to bear it on our own and we should not be surprised that we’re cracking under the weight of that, because we can’t bear it alone.
  • the weight of our historical moment. We really are alive on the knife’s edge of whether or not this earth is going to be habitable for our species. That is not something that we can handle just on our own.
  • So we need to reach towards each other. That’s really tricky work. It’s a lot easier to come together and agree on things that are not working and things that are bad than it is to come together and develop a horizon of how things could be better.
  • Things could be beautiful, things could be livable. There could be a world where everyone belongs. But I don’t think we can bear the reality of our moment unless we can imagine something else.
kennyn-77

Ukraine-Russia crisis: What to know about rising fear of war | AP News - 0 views

  • The U.S. has obtained intelligence indicating that the Russian government has developed a plan to stage a fake Ukrainian attack to establish a pretext for military action, according to a senior Biden administration official.
  • U.S. intelligence indicates that the Russian government has developed a plan to stage a false attack that would depict the Ukrainian military or its intelligence forces assaulting Russian territory, a senior Biden administration official said Thursday.
  • Erdogan has again offered to host talks between Moscow and Kyiv aimed at easing tensions that have sparked fears of war.
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  • The plan includes production of a graphic propaganda video that would show staged explosions and would use corpses and actors depicting grieving mourners, according to the official, who was not authorized to comment and spoke on the condition of anonymity.The plan, which was revealed in declassified intelligence shared with Ukrainian officials and European allies in recent days, is the latest allegation by the U.S. and Britain that Russia is plotting to use a false pretext to go to war against Ukraine.
  • He reiterated Turkey’s commitment to Ukraine’s territorial integrity and sovereignty.
  • Meanwhile, Putin met with Argentinian President Alberto Fernandez in Moscow and then spoke by phone to Macron, who had a call Wednesday night with U.S. President Joe Biden. Macron then spoke with Zelenskyy.
  • The NATO chief said Russian forces in Belarus are likely to rise to 30,000, including special forces, supported by fighter jets and missiles.
  • French Foreign Minister Jean-Yves Le Drian confirmed Thursday that Paris is sending troop reinforcements to Romania under NATO command, as part of France’s commitment to the alliance and its member states in Eastern Europe.
  • He did not say how many French soldiers will be deployed. The announcement came a day after the U.S. said it was moving troops stationed in Germany to Romania.
  • Ukraine’s defense minister is urging calm, saying the likelihood of a Russian invasion was “low.”Oleksii Reznikov said the threat of attack has loomed over the country since 2014, the year Russia seized Crimea, but he added: “There are no grounds for panic, fear, flight or packing of bags.”The minister said there are about 115,000 Russian troops near Ukraine’s border, including those deployed to Belarus for war games, but he said no battle groups have been detected along Ukraine’s border with Belarus. He also reiterated earlier assurances that Kyiv doesn’t plan to attack rebel-held areas in the war-torn east of Ukraine or Crimea — something the Kremlin has accused Kyiv of plotting.
  • An ice hockey fan, Putin will also attend Friday’s opening ceremony of the Winter Olympics.His talks with Chinese President Xi Jinping on Friday will be their first face-to-face since 2019 and will help cement a strong personal relationship that has been a key factor behind a growing partnership between the two former Communist rivals.
Javier E

Origins of C.I.A.'s Not-So-Secret Drone War in Pakistan - NYTimes.com - 0 views

  • As the negotiations were taking place, the C.I.A.’s inspector general, John L. Helgerson, had just finished a searing report about the abuse of detainees in the C.I.A.’s secret prisons. The report kicked out the foundation upon which the C.I.A. detention and interrogation program had rested. It was perhaps the single most important reason for the C.I.A.’s shift from capturing to killing terrorism suspects.
  • Mr. Helgerson raised questions about whether C.I.A. officers might face criminal prosecution for the interrogations carried out in the secret prisons, and he suggested that interrogation methods like waterboarding, sleep deprivation and the exploiting of the phobias of prisoners — like confining them in a small box with live bugs — violated the United Nations Convention Against Torture.
  • The ground had shifted, and counterterrorism officials began to rethink the strategy for the secret war. Armed drones, and targeted killings in general, offered a new direction. Killing by remote control was the antithesis of the dirty, intimate work of interrogation. Targeted killings were cheered by Republicans and Democrats alike, and using drones flown by pilots who were stationed thousands of miles away made the whole strategy seem risk-free.
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  • Not long before, the agency had been deeply ambivalent about drone warfare. The Predator had been considered a blunt and unsophisticated killing tool, and many at the C.I.A. were glad that the agency had gotten out of the assassination business long ago. Three years before Mr. Muhammad’s death, and one year before the C.I.A. carried out its first targeted killing outside a war zone — in Yemen in 2002 — a debate raged over the legality and morality of using drones to kill suspected terrorists.
  • A new generation of C.I.A. officers had ascended to leadership positions, having joined the agency after the 1975 Congressional committee led by Senator Frank Church, Democrat of Idaho, which revealed extensive C.I.A. plots to kill foreign leaders, and President Gerald Ford’s subsequent ban on assassinations. The rise to power of this post-Church generation had a direct impact on the type of clandestine operations the C.I.A. chose to conduct.
  • John E. McLaughlin, then the C.I.A.’s deputy director, who the 9/11 commission reported had raised concerns about the C.I.A.’s being in charge of the Predator, said: “You can’t underestimate the cultural change that comes with gaining lethal authority. “When people say to me, ‘It’s not a big deal,’ ” he said, “I say to them, ‘Have you ever killed anyone?’ “It is a big deal. You start thinking about things differently,” he added. But after the Sept. 11 attacks, these concerns about the use of the C.I.A. to kill were quickly swept side.
Javier E

Some Cracks in the Cult of Technocrats - NYTimes.com - 0 views

  • We are living in the age of the technocrats. In business, Big Data, and the Big Brains who can parse it, rule. In government, the technocrats are on top, too. From Washington to Frankfurt to Rome, technocrats have stepped in where politicians feared to tread, rescuing economies, or at least propping them up
  • the familiar pleas for common sense and a centrist approach, free from the taint of ideology, usually boil down to a call to put the technocrats in charge.
  • Technocrats have a lot to recommend them. We do, after all, live in the age of Big Data, and ignoring it or not being able to use it is a sure path to either bankruptcy or humiliation
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  • there are also sound reasons not to rely mechanically on technocratic solutions.
  • their concern is that policy which is eminently sensible in theory can fail in practice because of its unintended political consequences.
  • we need to be cautious about “good” economic policies that have the side effect of either reinforcing already dominant groups or weakening already frail ones.
  • “The central starting point is a certain suspicion of elites. You really cannot trust the elites when they are totally in charge of policy.”
  • “Faced with a trade union exercising monopoly power and raising the wages of its members, most economists would advocate removing or limiting the union’s ability to exercise this monopoly power, and that is certainly the right policy in some circumstances. But unions do not just influence the way the labor market functions; they also have important implications for the political system. Historically, unions have played a key role in the creation of democracy in many parts of the world, particularly in Western Europe.”
  • An example discussed in the paper — and an issue on which Dr. Acemoglu changed his own mind in the course of writing it — is the role of trade unions.
  • Two other important examples the study dissects are financial deregulation in the United States and privatization in post-Soviet Russia. In both cases, economic reforms that made a lot of sense in the abstract and in terms of economic efficiency had the unintended consequence of strengthening already powerful political interests.
  • The result was a political spiral which in the United States helped set off the 2008 financial crisis and in Russia led to the rise of President Vladimir V. Putin and his authoritarian regime.
  • In both the United States and in Russia, the reforms which strengthened powerful vested interests didn’t begin as a cunning plot by a wealthy cabal, intent on further enriching itself. Instead, they were endorsed and advocated by today’s high priests, the technocrats, who sincerely believed they were acting in the common good.
  • “What our paper is targeted at is, there is a certain hubristic attitude among economists — we are the queen of the social sciences because we use numbers and data,” said Dr. Acemoglu, who is a professor in M.I.T.’s department of economics. “But that can ignore the implications of political power.”
  • There is no such thing as pure policy, and we should check our pockets and lock our doors when someone tells us otherwise.
Megan Flanagan

After Bombings, Hillary Clinton and Donald Trump Clash Over Terrorism - The New York Times - 1 views

  • Hillary Clinton and Donald J. Trump were already racing to seize the political upper hand
  • called Mr. Trump a “recruiting sergeant for the terrorists”
  • blaming Mrs. Clinton and President Obama’s handling of immigration and the Iraq war for bringing terrorism to American shores
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  • called for vigorous police profiling of people from the Muslim world and drew a direct equation between immigration controls and national defense.
  • attacks could reframe the presidential race around stark questions of national security
  • the bombings in New York and New Jersey over the weekend are a critical inflection point.
  • “They are looking to make this into a war against Islam, rather than a war against jihadists, violent terrorists,”
  • she has enjoyed an edge over her Republican opponent on issues of national security and foreign policy.
  • Mrs. Clinton held a news conference to call for “courage and vigilance” in the face of terrorism,
  • calling him a “recruiting sergeant” for terrorists, she accused him of giving “aid and comfort” to the Islamic State with his campaign oratory.
  • “We’re going after the bad guys, and we’re going to get them, but we’re not going after an entire religion,”
  • the candidates’ responses to an apparent terrorist plot on American soil could sharply alter voters’ views
  • criticizing Mrs. Clinton for favoring more lenient immigration policies and calling her attack on Mr. Trump tantamount to an accusation of treason.
  • to stop the rise of the Islamic State,
  • “Her weakness, her ineffectiveness, caused the problem, and now she wants to be president,” he said. “I don’t think so.”
  • directly equated American vulnerability to terrorism with what he called laxness in the immigration system
  • “These attacks, and many others, were made possible because of our extremely open immigration system,
  • “Immigration security,” he added, “is national security.”
  • he still faces broad reservations among voters about his readiness to serve as commander in chief.
Javier E

Lies in the Guise of News in the Trump Era - The New York Times - 0 views

  • You may not realize that our Kenyan-born Muslim president was plotting to serve a third term as our illegitimate president, by allowing Hillary Clinton to win and then indicting her; Pope Francis’ endorsement of Donald Trump helped avert the election-rigging.
  • one takeaway from this astonishing presidential election is that fake news is gaining ground, empowering nuts and undermining our democracy.
  • alt-right websites are both far more pernicious and increasingly influential. President-Elect Trump was, after all, propelled into politics partly as a champion of the lie that President Obama was born abroad and ineligible for the White House.
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  • alt-right websites will continue to spew misinformation that undermines tolerance and democracy. I find them particularly loathsome because they do their best to magnify prejudice against blacks, Muslims and Latinos, tearing our social fabric.
  • A BuzzFeed investigation found that of the Facebook posts it examined from three major right-wing websites, 38 percent were either false or a mixture of truth and falsehood.
  • More discouraging, it was the lies that readers were particularly eager to share and thus profitable to publish.
  • Freedom Daily had the most inaccurate Facebook page reviewed, and also produced the right-wing content most likely to go viral.
  • Alt-right and fake news sites for some reason have emerged in particular in Macedonia, in the former Yugoslavia. BuzzFeed found more than 100 sites about U.S. politics from a single town, Veles, population 45,000, in Macedonia. “I started the site for a easy way to make money,” a 17-year-old Macedonian who runs DailyNewsPolitics.com told BuzzFeed.
  • Facebook has been a powerful platform to disseminate these lies. If people see many articles on their Facebook feed, shared by numerous conservative friends, all indicating that Hillary Clinton is about to be indicted for crimes she committed, they may believe it.
  • These sites were dubbed “alt-right” because they originally were an alternative to mainstream conservatism. Today they have morphed into the mainstream: After all, Steve Bannon, the head of Breitbart, one of these sites full of misinformation, ran Trump’s campaign.
  • alt-right sites agitate for racial hatred. Freedom Daily lately has had “trending now” headlines like “Black Lives Thug Rapes/Kills 69 y/o White Woman.
  • There are also hyperpartisan left-wing websites with inaccuracies, but they are less prone to fabrication than the right-wing sites. Indeed, the Macedonian entrepreneurs originally came up with leftist websites targeting Bernie Sanders supporters but didn’t find much reader interest in them.
  • The landscape ahead looks grim to me. While the business model for mainstream journalism is in crisis, these alt-right websites expand as they monetize false “news” that promotes racism and undermines democracy
bodycot

Democrats plot their D.C. departures for Trump inauguration - POLITICO - 0 views

    • bodycot
       
      Democrats Not Going To The Inauguration.
Javier E

Charlie Sykes on Where the Right Went Wrong - The New York Times - 0 views

  • t I have to admit that the campaign has made my decision easier. The conservative media is broken and the conservative movement deeply compromised.
  • Before this year, I thought I had a relatively solid grasp on what conservatism stood for and where it was going
  • I was under the impression that conservatives actually believed things about free trade, balanced budgets, character and respect for constitutional rights. Then along came this campaign.
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  • When I wrote in August 2015 that Mr. Trump was a cartoon version of every left-wing media stereotype of the reactionary, nativist, misogynist right, I thought that I was well within the mainstream of conservative thought — only to find conservative Trump critics denounced for apostasy by a right that decided that it was comfortable with embracing Trumpism.
  • relatively few of my listeners bought into the crude nativism Mr. Trump was selling at his rallies.
  • What they did buy into was the argument that this was a “binary choice.” No matter how bad Mr. Trump was, my listeners argued, he could not possibly be as bad as Mrs. Clinton. You simply cannot overstate this as a factor in the final outcome
  • As our politics have become more polarized, the essential loyalties shift from ideas, to parties, to tribes, to individuals. Nothing else ultimately matters.
  • In this binary tribal world, where everything is at stake, everything is in play, there is no room for quibbles about character, or truth, or principles.
  • If everything — the Supreme Court, the fate of Western civilization, the survival of the planet — depends on tribal victory, then neither individuals nor ideas can be determinative.
  • In this political universe, voters accept that they must tolerate bizarre behavior, dishonesty, crudity and cruelty, because the other side is always worse; the stakes are such that no qualms can get in the way of the greater cause.
  • For many listeners, nothing was worse than Hillary Clinton. Two decades of vilification had taken their toll: Listeners whom I knew to be decent, thoughtful individuals began forwarding stories with conspiracy theories about President Obama and Mrs. Clinton — that he was a secret Muslim, that she ran a child sex ring out of a pizza parlor. When I tried to point out that such stories were demonstrably false, they generally refused to accept evidence that came from outside their bubble. The echo chamber had morphed into a full-blown alternate reality silo of conspiracy theories, fake news and propaganda.
  • Even among Republicans who had no illusions about Mr. Trump’s character or judgment, the demands of that tribal loyalty took precedence. To resist was an act of betrayal.
  • When it became clear that I was going to remain #NeverTrump, conservatives I had known and worked with for more than two decades organized boycotts of my show. One prominent G.O.P. activist sent out an email blast calling me a “Judas goat,” and calling for postelection retribution.
  • And then, there was social media. Unless you have experienced it, it’s difficult to describe the virulence of the Twitter storms that were unleashed on Trump skeptics. In my timelines, I found myself called a “cuckservative,” a favorite gibe of white nationalists; and someone Photoshopped my face into a gas chamber. Under the withering fire of the trolls, one conservative commentator and Republican political leader after another fell in line.
  • we had succeeded in persuading our audiences to ignore and discount any information from the mainstream media. Over time, we’d succeeded in delegitimizing the media altogether — all the normal guideposts were down, the referees discredited.
  • That left a void that we conservatives failed to fill. For years, we ignored the birthers, the racists, the truthers and other conspiracy theorists who indulged fantasies of Mr. Obama’s secret Muslim plot to subvert Christendom, or who peddled baseless tales of Mrs. Clinton’s murder victims. Rather than confront the purveyors of such disinformation, we changed the channel because, after all, they were our allies, whose quirks could be allowed or at least ignored
  • We destroyed our own immunity to fake news, while empowering the worst and most reckless voices on the right.
  • This was not mere naïveté. It was also a moral failure, one that now lies at the heart of the conservative movement even in its moment of apparent electoral triumph. Now that the election is over, don’t expect any profiles in courage from the Republican Party pushing back against those trends; the gravitational pull of our binary politics is too strong.
horowitzza

Officials Say 499 Islamic Extremists Pose Threat in Germany - ABC News - 0 views

  • Authorities in Germany are monitoring almost 500 Islamic extremists they believe pose a potential security threat, officials said Friday
  • three men suspected of planning to carry out an attack in the country for the Islamic State group.
  • While Germany hasn't suffered mass-casualty attacks by Islamic extremists of the type seen in France and Belgium over recent months, authorities say the country is a target and the risk of attacks is high.
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  • All three of those arrested in Germany were living in refugee shelters, adding to concerns that IS might be sending fighters to Germany disguised as asylum-seekers
  • Almost 1.1 million people were registered as asylum-seekers in Germany last year, many
  • of them fleeing war and persecution in Syria, Iraq and Afghanistan.
  • Federal prosecutors say the men who were arrested intended to carry out an attack in the western city of Duesseldorf though they had no concrete plans.
  • German weekly Der Spiegel reported Friday that the plot was to involve a total of 10 attackers, of whom two were to detonate suicide vests
  • Wolfgang Bosbach, a senior member of Chancellor Angela Merkel's party, warned Friday against placing all refugees under suspicion.
  •  
    hundreds of Islamic extremists under watch in Germany... was the refugee aid a bad idea? Just a thought.
redavistinnell

Five states expected to help Trump and Clinton widen their leads - The Washington Post - 0 views

  • s Five states expected to help Trump and Clinton widen their leads
  • For Republicans, the race for delegates remains a key focus, with Trump hoping to secure the 1,237 delegates needed before the Republican National Convention in Cleveland in July.
  • On the Democratic side, polls in recent days suggest that Clinton could win all but one or two of the five states up for grabs —Pennsylvania, Maryland, Connecticut, Rhode Island and Delaware — or potentially sweep the table.
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  • Sen. Bernie Sanders, the upstart White House hopeful who has stirred the passions of liberals, made a final appeal for support in Philadelphia on Monday ahead of primaries that could render his already narrow path to the Democratic nomination virtually nonexistent.
  • “Honestly, it shows such total weakness, and it’s pathetic when two longtime insider politicians — establishment guys, whether you like it or not — have to collude, have to get together to try to beat a guy that really speaks what the people want,” Trump said during a campaign event in Warwick, R.I., on Monday
  • Trump, who has stirred outcry over remarks about women during the campaign, took sharper aim at Clinton, declaring she would be a “terrible president“ who is playing up the fact that she is a woman.
  • “I call her crooked Hillary because she’s crooked and the only thing she’s got is the woman card. That’s all she’s got. . . . It’s a weak card in her hands,” Trump said on Fox. “I’d love to see a woman president, but she’s the wrong person. She’s a disaster.”
  • “Donald Trump says wages are too high in America and he doesn’t support raising the minimum wage,” Clinton said on Monday. “I have said come out of those towers named for yourself and actually come out and talk and listen to people.
  • But less than 12 hours after the pact was announced, Kasich undercut the idea by declaring Monday that his supporters in Indiana should still vote for him. The Ohio governor also plans to keep raising money in the state and to meet Tuesday with Republican Gov. Mike Pence.
  • Cruz, meanwhile, said that Kasich was “pulling out” of the state. A super PAC supporting the senator from Texas also said it would continue to air an anti-Kasich ad in the state — a sign the Cruz camp fears Kasich could still peel away enough support to sink Cruz’s chances in Indiana.
  • And Cruz declared that his supporters should continue to cast ballots for him. He attempted to paint himself as the only candidate who could win both the primary and general elections. Trump, he said, could win the nomination but not the general election and Kasich could win the general election but not the primary.
  • The tumult fueled doubts about the arrangement among voters and Republican elites, who worried that Cruz and Kasich have handed Trump a ready-made argument that the party establishment is plotting against him. The mogul said as much in a series of stump speeches on the eve of primary voting.
Javier E

All the excuses Republicans make for Donald Trump's racism. - 1 views

  • When you add up these excuses, what you see is a party full of lawyers and spin doctors defending the indefensible. They’re not rationalizing racism. What they’re rationalizing is holding their party together even if that means supporting a racist.
  • To protect this man, Republicans have discarded every principle. The party of conservatism celebrates disruption. Absolutists who insist that their presidential nominee treat the unborn as equals require no such commitment to Mexican Americans. Moralists who spent the Clinton administration preaching about character treat persistent race baiting as a matter of communications strategy. Some Republicans discount Trump’s slurs as old news while others discount them because he’s a nice man who otherwise never talks that way.
  • Party leaders agonize over the nominee’s commitment to entitlement cuts but treat racism as a detail. Politicians who brag about saying “radical Islamic terrorist” get cute about the meaning of “racist.” The chairman of the committee investigating Hillary Clinton becomes a permissive subjectivist. A senator who ran for president opposing his own immigration bill develops a deep commitment to his promise to support Trump. The Senate leader who set out to thwart a newly elected president in 2009 suddenly preaches the primacy of the people’s will.
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  • In the end, it’s about power and priorities. In today’s GOP, it’s more important to keep Merrick Garland off the Supreme Court than it is to protect the country from a president who would ban Muslims. It’s better to elect a man who targets federal judges based on ethnicity than to elect a woman who gave paid speeches to Wall Street. It’s better to stand with David Duke’s candidate than to divide “the right-of-center world.” The party of Lincoln has become the party that just wants to win.
Javier E

Six weeks to sanity: The anti-Trump surge is finally here - The Washington Post - 0 views

  • Why couldn’t the GOP have figured all this out before Trump got to 1,237 delegates?
  • Right-wingers will smell a plot. (The MSM held back until he had the nomination!) But there were a number of factors in the primary — a huge field (dividing the not-Trump vote and shielding him in debates), a press entranced with his media show, the novelty of his “act,” and the collapse of his opponents at critical times (e.g., Sen. Marco Rubio’s pre-New Hampshire primary debate) — that aided Trump.
  • there is something fundamentally amiss on the right that in a mere six weeks the country has figured out Trump, whereas Republicans in nine months plainly could not see the character they were embracing. That should highlight some troubling deficiencies on the right.
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  • First, the anti-immigration obsession that had transfixed the right-wing inured many supposed gate-keepers (e.g., magazines, pundits) as well as the base to a candidate peddling a dangerous brew of nativism, protectionism and isolationism. If the “respectable” publications rant and rave about “amnesty,” one can imagine why Trump’s idea for a wall might have gotten traction rather than guffaws
  • Second, over the past seven years, the anti-government tirades from talk radio, from Beltway groups such as Heritage Action and even from Sen. Ted Cruz (R-Tex.) saturated the base, convincing them that everyone with experience “betrayed them” and only outsiders devoid of exposure to governance had the secret sauce for peace and prosperity.
  • Third, the “establishment” — the officialdom of the Republican National Committee — facilitated Trump’s rise, convinced he’d run as an independent
  • One, therefore, is left with an unpleasant reality: A plurality of GOP voters wanted Trump
  • A significant segment of the GOP primary electorate itself lacked common sense, standards of decency, and intolerance of bigotry and cruelty. No group was worse than the evangelical “leaders” who cheered him along the way.
  • A Republican wag joked that the GOP needs not only a new candidate but also a new base. There is something to that. In the 2016 postmortem, it will be worth examining the extent to which the GOP has promoted crackpots, become ghettoized in distorted right-wing media and lost track of what 21st-century America believes and looks like
  • the party as a whole has to expand its vision and its base. It’s time to stop reveling in ignorance and celebrating lost causes.
  • It’s a problem when the rest of the country has to rescue the GOP and the country from Republican voters’ terrible judgment.
redavistinnell

Why Nobody Cares the President Is Lying - The New York Times - 0 views

  • Why Nobody Cares the President Is Lying
  • On his first full day in office Mr. Trump insisted that his inaugural crowd was the largest ever, a baseless boast that will likely set a pattern for his relationship both to the media and to the truth.
  • For years, as a conservative radio talk show host, I played a role in that conditioning by hammering the mainstream media for its bias and double standards. But the price turned out to be far higher than I imagined. The cumulative effect of the attacks was to delegitimize those outlets and essentially destroy much of the right’s immunity to false information. We thought we were creating a savvier, more skeptical audience. Instead, we opened the door for President Trump, who found an audience that could be easily misled.
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  • Unfortunately, that also means that the more the fact-based media tries to debunk the president’s falsehoods, the further it will entrench the battle lines.
  • The press secretary also declined to answer a straightforward question about the unemployment rate, suggesting that the number will henceforth be whatever the Trump administration wants it to be.
  • In a stunning demonstration of the power and resiliency of our new post-factual political culture, Mr. Trump and his allies in the right media have already turned the term “fake news” against its critics, essentially draining it of any meaning. During the campaign, actual “fake news” — deliberate hoaxes — polluted political discourse and clogged social media timelines.
  • For years, the widely read Drudge Report has linked to the bizarre conspiracy theorist Alex Jones, who believes that both the attacks of Sept. 11 and the Sandy Hook shootings were government-inspired “false flag” operations.
  • But now any news deemed to be biased, annoying or negative can be labeled “fake news.” Erroneous reports that the bust of the Rev. Dr. Martin Luther King Jr. had been removed from the Oval Office or misleading reports that sanctions against Russia had been lifted will be seized on by Mr. Trump’s White House to reinforce his indictment.
  • Mr. Trump and his allies are empowering this alt-reality media, providing White House access to Breitbart and other post-factual outlets that are already morphing into fierce defenders of the administration.
  • By now, it ought to be evident that enemies are important to this administration, whether they are foreigners, refugees, international bankers or the press.
  • But discrediting independent sources of information also has two major advantages for Mr. Trump: It helps insulate him from criticism and it allows him to create his own narratives, metrics and “alternative facts.”
  • The Russian dissident and chess grandmaster Garry Kasparov drew upon long familiarity with that process when he tweeted: “The point of modern propaganda isn’t only to misinform or push an agenda. It is to exhaust your critical thinking, to annihilate truth.”
  • In that world, the leader becomes the only reliable source of truth; a familiar phenomenon in an authoritarian state, but a radical departure from the norms of a democratic society. The battle over truth is now central to our politics.
  • Scottie Nell Hughes, was asked to defend the clearly false statement by Mr. Trump that millions of votes had been cast illegally. She answered by explaining that everybody now had their own way of interpreting whether a fact was true or not.
  • Or as George Orwell said: “The very concept of objective truth is fading out of the world. Lies will pass into history.”
  • In the meantime, we must recognize the magnitude of the challenge. If we want to restore respect for facts and break through the intellectual ghettos on both the right and left, the mainstream media will have to be aggressive without being hysterical and adversarial without being unduly oppositional.
  • There may be short-term advantages to running headlines about millions of illegal immigrants voting or secret United Nations plots to steal your guns, but the longer the right enables such fabrications, the weaker it will be in the long run. As uncomfortable as it may be, it will fall to the conservative media to police its worst actors.
abbykleman

Majority Rule Means the Power to Stop, Not Just Start, an Investigation - 0 views

  • serving in the minority on the Governmental Affairs Committee as the Republican-led panel exhaustively examined claims of an insidious Chinese plot to help President Bill Clinton in the 1996 elections.
  • Being in the majority matters, both in starting an investigation and, sometimes as important, in stopping one.
  • House and Senate Republicans remain unwilling to budge from their opposition to a special bipartisan inquiry into the extent of Russian meddling in the 2016 election
  • ...10 more annotations...
  • Changing their mind would probably require significant revelations of the sort that would make their current stance politically untenable.
  • Mr. Sessions recused himself on Thursday from any such investigation by the Justice Department, his former Republican colleagues on Capitol Hill were adamant that any improper conduct — and they remain very skeptical that there was any — was best investigated by the Senate Intelligence Committee
  • Democrats say there is another reason Republicans favor the Intelligence Committee: Its work is conducted mainly behind closed doors, sparing Mr. Trump and his allies on Capitol Hill
  • From the McCarthy hearings through Watergate, Iran-contra and the Clinton impeachment, the American public has become quite familiar with the tableaux of the congressional investigation and the serious business that can be involved.
  • unknown meetings between Mr. Sessions and the Russian ambassador to the United States, Sergey I. Kislyak (meetings he denied at his Senate confirmation hearing)
  • Senator Rob Portman of Ohio, a respected voice among Senate Republicans, issued a statement urging Mr. Sessions to step aside from any Russia-related investigation by the Justice Department
  • “The American people deserve a comprehensive, top-to-bottom investigation of Putin’s Soviet-style meddling in self-government at home and across the West.”
  • Most Democrats knew full well that their impassioned demands that Mr. Sessions resign would not be met. But they want to keep as much pressure as possible on Republicans and chip away at their resistance to a special committee
  • “This is a national security crisis, and we cannot afford to allow this process to be compromised further,” he said Thursday. “We need an independent commission to investigate now.”
  • That investigation won’t happen now, but it could happen later if disclosures continue to pile up.
  •  
    Despite new questions about contacts between Attorney General Jeff Sessions and a top Russian diplomat, House and Senate Republicans remain unwilling to budge from their opposition to a special bipartisan inquiry into the extent of Russian meddling in the 2016 election, and into any connections to President Trump or those close to him.
Javier E

Brooks Brothers Bolshevism: Wall Street Discovers Income Inequality | The New Republic - 0 views

  • Michael Cembalest, the chief investment officer of JPMorgan Chase, wrote in July of this year (in a clients-only newsletter obtained by Washington Post columnist Harold Meyerson) that “profit margins have reached levels not seen in decades,” and “reductions in wages and benefits explain the majority of the net improvement.” (Cembalest printed the latter quote in boldfaced lettering.) “US labor compensation,” he explained, “is now at a 50-year low relative to both company sales and US GDP.”
  • Citigroup analysts see the American postindustrial economy’s abandonment of fair play as an interesting fact to consider in formulating future investment strategies
  • “The upper classes of this country raped this country” is one of the more polite things that Morgan Stanley money manager Steve Eisman has to say on the eve of the 2008 sub-prime fiasco.
  • ...5 more annotations...
  • Once upon a time, Alpert explains, American capitalists paid American laborers with something called a “salary.” Henry Ford famously boosted his workers’ pay to $5 a day so they could buy the Model Ts they were assembling. The better part of a century passed, and, by the early aughts, globalization had created a world oversupply of free-market labor—a hiring hall now housing about 2.6 billion recruits from emerging nations, together with roughly 550 million in the developed world. It no longer made financial sense to pay American workers high wages when you could pay Chinese workers low wages to do the same work.
  • On the other hand, if American workers lost their spending power, who would keep the U.S. economy afloat? The rise of cheap credit provided the answer. American labor effectively got paid in a different currency: debt. Instead of Model Ts, the latter-day working class bought overpriced houses and all sorts of other stuff it couldn’t afford. The beauty for the capitalists was that, when laborers got paid with debt, they had to pay it back with interest. Alpert calls it “middle-class serfdom.”
  • Alpert doesn’t believe there was a capitalist conspiracy; his point is that had there been a conspiracy, the outcome wouldn’t look much different. During the past half-century, Alpert explains, there were two large debt bubbles. The first one, during the late ’80s, saw real median incomes increase along with debt. Not a lot (inflation-adjusted median income hasn’t seen much growth since the early ’70s), but enough to ease the pain when the bubble burst in 1987. When plotted in a graph, the ’80s debt bubble looks like a big hill (debt) on top of a little hill (income). The second bubble, during the aughts, was a different story altogether. It occurred while real incomes went down. The aughts’ debt bubble looks like a big hill on top of a big valley. This time, there’s nothing to ease the pain.
  • our current economic troubles resulted from people buying with debt what they could no longer buy with wages;
  • Warren Buffett to point out recently that, far from simplification, what the income tax really needs is the complication of two new tax brackets above $1 million and $10 million to keep up with growing income concentration at the top. “We now have a Gini index similar to the Philippines and Mexico,” a Proctor & Gamble vice president told The Wall Street Journal earlier this month, referring to a measure of income distribution
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