Showing posts with label Democracy. Show all posts
Showing posts with label Democracy. Show all posts

Tuesday, November 13, 2012

The Electoral College Must Die

The electoral college does nothing but distort electoral outcomes.
Idaho, Montana, Wyoming, South Dakota, and North Dakota have 16 votes for 4.6 million people, and New York State has 20 votes for 19.4 million people. It takes 287,500 people in the aforementioned red states to get one electoral vote, whereas in New York State it takes 668, 965 people to get one electoral vote — that’s more than double the amount of New Yorkers needed for a single vote in the Electoral College.
That's seriously screwed up.  When these tiny western-state tails continue to wag the big-state dog, we're not living in a real democracy*.



*The first person who opines "We don't live in a democracy, we live in a republic" get's punched in the nose.
 

Sunday, November 4, 2012

"Let Them Eat Private Security Services!"

Detroit's Fictional Answer to Police Budget Cutbacks
A disturbing piece in today's New York Times describes the chaotic decay of the Sacramento Police Department under intense budget pressures.
In 2011, faced with the biggest budget cuts yet — $12.2 million — Chief Rick Braziel was forced to take drastic action: he laid off sworn officers and civilian employees; eliminated the vice, narcotics, financial crimes and undercover gang squads, sending many detectives back to patrol; and thinned the auto theft, forensics and canine units. Police officers no longer responded to burglaries, misdemeanors or minor traffic accidents.
It would be interesting to see the socioeconomic distribution of these non-responses and how much more unresponsive the department is to poor and minority neighborhoods than it is to affluent "taxpayer" neighborhoods.

In 2011, Chief Braziel said, the cuts, in his opinion, went past the tipping point. While homicides have remained steady, shootings — a more reliable indicator of gun violence — are up 48 percent this year. Rapes, robberies, aggravated assaults, burglaries and vehicle thefts have also increased, though in smaller increments. 
Complicating matters, the cutbacks have coincided with a flow of convicted offenders back into the city as California, heeding a Supreme Court ruling, has reduced its prison population. Once released, former inmates have less supervision — the county’s probation department also suffered cuts.

Much like the obscene growth in the prison-industrial complex, how much do you want to bet that the private security firms in Sacramento will soon be prospering in response to these cutbacks as wealthy citizens ensure that they remain safe in their gated havens while the rest of the city decays into anarchy?  I'm willing to wager that it's already underway.

This is all, of course, the plot of the film RoboCop... Another win for America!

Wednesday, September 26, 2012

Democratic Party FAIL

Matt Taibbi for the win.

The mere fact that Mitt Romney is even within striking distance of winning this election is an incredible testament to two things: a) the rank incompetence of the Democratic Party, which would have this and every other election for the next half century sewn up if they were a little less money-hungry and just tried a little harder to represent their ostensible constituents, and b) the power of our propaganda machine, which has conditioned the entire population to accept the idea that the American population, ideologically speaking, is naturally split down the middle, whereas the real fault lines are a lot closer to the 99-1 ratio the Occupy movement has been talking about since last year.
Of course, that presumes that there is much difference between Romney and Obama.  As  Lance Selfa pointed out in an article (from ISR 85, not available online) entitled From "hope" to hopeless: The Democrats in the Obama era:
Throughout most of the period of unified Democratic control of the government, Obama baffled and demoralized his main supporters, including the millions who were moved to political action during his campaign, by the fact that most of his problems appeared to be self-inflicted.  Clinton's "triangulation" appeared to be a defensive adaptation to an unfavorable environment....  But armed with a strong public mandate and a large Democratic majority, Obama continued on the "centrist" path that Clinton charted. The question is why. 
The explanation has everything to do with the profile of the Democratic Party in the neoliberal era.  While the Democrats have always been a big-business party, they are more openly so today than in the heyday of the "labor-liberal-civil rights" era of the 1940s through the 1960s.  Commenting on the seeming inability of the Democratic congressional majority to push through fundamental reforms, Harvard University social policy expert Theda Skocpol explained: "Even in the majority, Democrats still have many ties to business interests and quietly look for excuses to avoid doing things that offend them.  Not being able to act without 60 votes is a ready excuse." 
[...] 
Obama tried to straddle this contradiction [between the reliance on labor for votes and finance capitalism for funding] with a stance that appealed to "bipartisanship" and a reasonable approach to national problems.  While this may soothe elements of the Washington establishment, it's exactly the opposite of what the climate of economic and political polarization demanded.  The attempt to hew to a "centrist" course in the midst of a crisis that demanded radical solutions ended up pleasing no one.
This fundamental contradiction may explain why Romney and Obama are so close in the polls.  In a system with no choices, what difference does it make which you chose?

Sunday, September 23, 2012

Shit You Can't Make Up

It's like a fucking Twilight Zone episode...

Meet the Romney 47%!

Where do the most of the 47% live?  Oh look!  In the conservative states!
How is this possible???

As indicated by the state-by-state breakdown above, nonpayer states were more likely to vote for McCain than Obama in the last presidential election. The percentage of nonpayers by states is positively correlated with McCain voters (.40) and negatively with Obama (-.38). 
The percentage of nonpayers is even more highly correlated with the percent of people identifying as conservative (.63). It was negatively associated with the percentages identifying as moderate (-.60) as well as liberal (-.53).

The more conservative you are, the more likely you are to be a non-payer.  The more liberal you are, the less likely you are to be a non-payer.

Welcome to Bizzaro World, America, where the poor wage a class war on themselves!

Saturday, September 8, 2012

Inconvenient Political Truths

Actor John Cusack interviewed Constitutional scholar Jonathan Turley and discovers some very uncomfortable truths.  This passage summarizes quite nicely why I'm not voting for Obama and why Jill Stein will get my vote this election.

Well, first of all, there's a great desire of many people to relieve themselves of the obligation to vote on principle. It's a classic rationalization that liberals have been known to use recently, but not just liberals. The Republican and Democratic parties have accomplished an amazing feat with the red state/blue state paradigm. They've convinced everyone that regardless of how bad they are, the other guy is worse. So even with 11 percent of the public supporting Congress most incumbents will be returned to Congress. They have so structured and defined the question that people no longer look at the actual principles and instead vote on this false dichotomy
Now, belief in human rights law and civil liberties leads one to the uncomfortable conclusion that President Obama has violated his oath to uphold the Constitution. But that's not the primary question for voters. It is less about him than it is them. They have an obligation to cast their vote in a principled fashion. It is, in my opinion, no excuse to vote for someone who has violated core constitutional rights and civil liberties simply because you believe the other side is no better. You cannot pretend that your vote does not constitute at least a tacit approval of the policies of the candidate. 
This is nothing new, of course for civil libertarians who have always been left behind at the altar in elections. We've always been the bridesmaid, never the bride. We're used to politicians lying to us. And President Obama lied to us. There's no way around that. He promised various things and promptly abandoned those principles. 
So the argument that Romney is no better or worse does not excuse the obligation of a voter. With President Obama they have a president who went to the CIA soon after he was elected and promised CIA employees that they would not be investigated or prosecuted for torture, even though he admitted that waterboarding was torture.
The fault, dear Brutus, lies not in our stars but in ourselves...

Perhaps George Carlin was, in the end, right.

Thursday, July 12, 2012

Your Republican Party

Ladies and Gentlemen, the Rubicon of Crazy has finally been crossed with Senator Lindsey Graham in the vanguard.

“It’s really American to avoid paying taxes, legally,” said Senator Lindsey Graham, Republican of South Carolina, on Tuesday. He was defending Mitt Romney, who, as this morning’s editorial in The Times notes, appears to have the most elaborate history of tax avoidance – offshore tax havens, disputed sheltering mechanisms, complex trusts – of any major presidential candidate in history. 
Invest in the Cayman Islands, Mr. Graham seems to be saying. It’s the patriotic thing to do.
Party before Country.  It's the Republican way!
[T]here is no longer any civic pride in paying [taxes], even among officials supposedly dedicated to public service. As Senator Graham put it, Congress created tax loopholes, so why not take advantage of them?
Without a properly funded government offering services for the people, what precisely is their vision of America?  What exactly is "America" absent her Republic and our democratic practices?  Rollerball-world, I suspect.

The most powerful men in the world are the executives. They run the major corporations which fix prices, wages, and the general economy, and we all know they're crooked, and they have almost unlimited power and money, but I have considerable power and money myself and I'm still anxious. What can I possibly want, I ask myself, except, possibly, more knowledge? 
I consider recent history-which is virtually all anyone remembers-and how the corporate wars ended, so that we settled into the Six Majors: ENERGY, TRANSPORT, FOOD, HOUSING, SERVICES, and LUXURY. Sometimes I forget who runs what - for instance, now that the universities are operated by the Majors (and provide the farm system for Roller Ball Murder), which Major runs them? SERVICES or LUXURY? Music is one of our biggest industries, but I can't remember who administers it. Narcotic research is now under FOOD, I know, though it used to be under LUXURY.


New York Times Editorial Board Calls for I.R.S. Investigation of ALEC

I must say, I couldn't agree more!
For all its right-wing political muscle, ALEC has long enjoyed tax-exempt status as a nonpartisan charity under section 501(c )(3) of the tax code, which is supposed to bar it from influencing legislation as a substantial part of its activities. And because it is a charity, its donors are allowed to deduct contributions from income taxes. 
This outrageous situation has to be reversed. Marcus Owens, the former chief of the I.R.S. division in charge of tax exemptions, has recently filed a complaint with the I.R.S. charging ALEC with illegal lobbying and partisan violations that should lead to revocation of its tax exemption. We agree. “ALEC has deliberately and repeatedly failed to comply with some of the most fundamental federal tax requirements applicable to public charities,” Mr. Owens said in the complaint.
The complaint contains some very juicy information about how ALEC flaunted the tax exemption laws.
The complaint, filed on behalf of Clergy Voice, a group of Christian clergy in Ohio, notes that ALEC denied engaging in lobbying activity in its federal tax filings covering the years 2008 and 2009. At the same time, two of its lawyers were registered to lobby in at least one state, North Dakota. False reporting on these forms has been found to be a criminal offense considered perjury in at least four recent cases, Owens said.

Wednesday, July 4, 2012

I hope everyone has a safe Independence Day!

Jasper Johns Flag 1954-55
"One night I dreamed that I painted a large American flag," Johns said, "and the next morning I got up and I went out and bought the materials to begin it." Those materials included three canvases that he mounted on plywood, strips of newspaper, and encaustic paint - a mixture of pigment and molten wax that has formed a quivering surface of lumps and smears. The legible newspaper scraps beneath the tactile surface - some dating from 1955 and 1956, when Johns repaired the painting - lend the timeless, public icon historical specificity. While this image is something "the mind already knows," Johns acknowledged, its execution complicates the representation and invites close inspection. A critic of the time encapsulated this painting's ambivalence by asking, "Is this a flag or a painting?"

Wednesday, June 27, 2012

Tomorrow's Expected ACA Ruling

Tomorrow is the day we expect to hear whether or not key provisions of the Affordable Care Act are Constitutional.  Of course, most legal scholars don't feel there's a legal leg for the objectors to stand on, it won't stop merciless ideologues like Scalia, Roberts and Thomas from legislating from the bench.

Stephen Griffin at the Balkinization blog comments on recent press coverage of the impending decision and finds the journalists & lawyers commenting on the expected ruling woefully ignorant of how, historically, Constitutional law is determined.
Charles Lane's WaPo column of yesterday illustrates this by reducing the dispute over the ACA to a conflict of values. It's liberty vs. egalitarianism according to Lane (with an apparent assist from Stephen Carter). This is a good example of how some political theorists read the Constitution, as an abstract "ordering of values." But not lawyers. Funny thing is, we think the Constitution is actually a law. As law, the Constitution could only be effective across a wide range of disputes once it was implemented by the judiciary in a system of common law precedent. Lane's approach simply junks the common law in favor of going right to the supposedly underlying values. This has the effect of proving Amar's point that the only way the Court could invalidate the ACA is by ignoring decades of multiple precedents, something that courts do quite rarely.
Nevertheless, the expected overturning of the law and the concomitant legal, policy and political turbulence sure to follow in the ruling's wake should be breathtaking and something we, as a nation, haven't experienced since the 1930s when many of FDRs New Deal laws were challenged and determined to be unconstitutional by a reactionary court.

History doesn't repeat but it does, on occasion, rhyme.

Monday, June 25, 2012

Conservative Social Cohesion -or- Ants At Work

Social cohesion is the key to conservative success.  And what's ironic?  They generally hate "socialism" in any form and many don't believe in evolution.  Yet they rely on the evolutionary advantage of social evolution... Wow.
When two groups compete, the one with the most social cohesion wins in the long run.

This insight arises from research on group selection that reveals how social animals capable of working as a team readily out compete those individuals who must struggle on their own. The astute observer will already note the profound irony here — a political group whose ideology elevates the individual over the group (Conservatives) has managed to cultivate more group cohesion than the political group whose ideology blends community well-being with that of the individual. I’ll come back to this irony in a moment.

Progressives are easily kept on the defensive through the age-old strategy of Divide and Conquer

A fantastic overview of group selection can be found in E.O. Wilson’s groundbreaking new book, The Social Conquest of Earth, which builds a powerful argument for how humanity’s social nature enabled us to dominate every ecosystem we have entered in our 2 million year history.*

The argument goes something like this:

  1. Throughout history, a tiny number of species have developed a capability known as eusociality — advanced social organization comprised of large numbers of individuals with differentiated roles including members that span more than one generation
  2. Most eusocial species discovered in the fossil record are the social insects — ants, bees, termites, and wasps. Every one of these species has been so successful at thriving that their bodies contained more than half of the biomass in the ecosystems where they lived, meaning that they completely dominated the niches populated by them. This pattern continues up to the present.
  3. Humans are the only eusocial species to have the additional properties of strong emotional bonds between group members and advanced cognitive abilities that enable us to form coherent gestalts of meaning — especially the capacity for shared cultural narratives and tribal identities — which have enabled us to out-compete and dominate less socially adept animals in every ecosystem we have entered.
  4. The key strategy underlying this pattern is that well-organized groups, which elevate the needs of the whole over those of individuals, are more successful at acquiring resources and consolidating power than those individuals or groups that are less organized.

Sound familiar? In American politics, we see the top-down authoritarian worldview of Conservatives enabling them to fall in line and take marching orders. They form strong loyalty bonds through religious affiliation, old money networks, and various social clubs that give them an immense capacity for social cohesion.

And what about Progressives? We are divided into issue silos, unable to form lasting coalitions that bond us together under the same ideological flag, and easily kept on the defensive through the age-old strategy of Divide and Conquer. We have difficulty trusting each other and our funders are unable or unwilling to invest in talent for talent’s sake — they always need to monitor the outcomes of their giving and almost never fund the operational needs of our advocacy organizations.

Wednesday, January 25, 2012

Adam Smith on Scott Walker and his Supporters

Adam Smith is usually claimed by conservatives since his economic principles, detailed in his masterpiece The Wealth of Nations underpin the ideas of modern "free market" fetishists.  Never mind that what Smith said has been perverted, twisted and distorted out of all recognizability by libertarian economists… I digress.

What many may not realize is that Smith, like his American revolutionary counterparts, was reacting to the tyrants of his day.  And when you read his work in the context of our modern political circumstances in Wisconsin, he sounds positively revolutionary!

Read the following extended passage from Smith's Theory of Moral Sentiments with Scott Walker and his Tea Party minions in mind.

When we consider the condition of the great, in those delusive colours in which the imagination is apt to paint it. it seems to be almost the abstract idea of a perfect and happy state. It is the very state which, in all our waking dreams and idle reveries, we had sketched out to ourselves as the final object of all our desires. We feel, therefore, a peculiar sympathy with the satisfaction of those who are in it. We favour all their inclinations, and forward all their wishes. What pity, we think, that any thing should spoil and corrupt so agreeable a situation! We could even wish them immortal; and it seems hard to us, that death should at last put an end to such perfect enjoyment. It is cruel, we think, in Nature to compel them from their exalted stations to that humble, but hospitable home, which she has provided for all her children. Great King, live for ever! is the compliment, which, after the manner of eastern adulation, we should readily make them, if experience did not teach us its absurdity. Every calamity that befals them, every injury that is done them, excites in the breast of the spectator ten times more compassion and resentment than he would have felt, had the same things happened to other men. It is the misfortunes of Kings only which afford the proper subjects for tragedy. They resemble, in this respect, the misfortunes of lovers. Those two situations are the chief which interest us upon the theatre; because, in spite of all that reason and experience can tell us to the contrary, the prejudices of the imagination attach to these two states a happiness superior to any other. To disturb, or to put an end to such perfect enjoyment, seems to be the most atrocious of all injuries. The traitor who conspires against the life of his monarch, is thought a greater monster than any other murderer. All the innocent blood that was shed in the civil wars, provoked less indignation than the death of Charles I. A stranger to human nature, who saw the indifference of men about the misery of their inferiors, and the regret and indignation which they feel for the misfortunes and sufferings of those above them, would be apt to imagine, that pain must be more agonizing, and the convulsions of death more terrible to persons of higher rank, than to those of meaner stations.

Upon this disposition of mankind, to go along with all the passions of the rich and the powerful, is founded the distinction of ranks, and the order of society. Our obsequiousness to our superiors more frequently arises from our admiration for the advantages of their situation, than from any private expectations of benefit from their good-will. Their benefits can extend but to a few, but their fortunes interest almost every body. We are eager to assist them in completing a system of happiness that approaches so near to perfection; and we desire to serve them for their own sake, without any other recompense but the vanity or the honour of obliging them. Neither is our deference to their inclinations founded chiefly, or altogether, upon a regard to the utility of such submission, and to the order of society, which is best supported by it. Even when the order of society seems to require that we should oppose them, we can hardly bring ourselves to do it. That kings are the servants of the people, to be obeyed, resisted, deposed, or punished, as the public conveniency may require, is the doctrine of reason and philosophy; but it is not the doctrine of Nature. Nature would teach us to submit to them for their own sake, to tremble and bow down before their exalted station, to regard their smile as a reward sufficient to compensate any services, and to dread their displeasure, though no other evil were to follow from it, as the severest of all mortifications. ... Even when the people have been brought this length, they are apt to relent every moment, and easily relapse into their habitual state of deference to those whom they have been accustomed to look upon as their natural superiors. They cannot stand the mortification of their monarch. Compassion soon takes the place of resentment, they forget all past provocations, their old principles of loyalty revive, and they run to re-establish the ruined authority of their old masters, with the same violence with which they had opposed it.  (emphasis added)

I marvel at the way Smith so accurately captures the relationship between ruler and ruled and how deference and favor play a role in maintaining the hierarchy of social relationships.  These principles apply even in elected government.  Think about how the Walker administration has tried to control the will of the people.  From the DOA rules governing assembly to the rules imposed on dissent in the galleries to the fraudulent claims of excessive damage to the Capitol, so much deference is demanded of the people by their rulers we've become a satrapy rather than a republic.

Smith is getting at the true nature of power: hierarchy.  Power is the ability to rule over others, whether you're elected to that position or anointed by god, it doesn't matter.  When incumbency rates run at 80% for American elected officials, what's the difference?  Redistricting ensures safety for the rulers from accountability to the ruled.  And conservatives lap it up.

Ultimately, to Recall Scott Walker is to commit, to the conservative mind, the grievous sin of regicide.  The recall petitioners are to the conservatives,  in Smith's words, traitors who conspire "against the life" of  Governor Walker and are thought by them to be "a greater monster than any other murderer."  The deference of conservatives to Walker and their advocacy for him as a victim of the Recall fits right into the frame constructed by Smith.

Enthrallment was never so obvious than at the Celebrate Scott Walker rally.

We are eager to assist them in completing a system of happiness that approaches so near to perfection; and we desire to serve them for their own sake, without any other recompense but the vanity or the honour of obliging them

However, the most grievous sin to the conservative mind, according to political scientist Corey Robin*, is the inversion of the established social order; the ruled become the rulers followed by the destruction of the hierarchy that conservatives find so necessary.  His book, The Reactionary Mind explores this in detail.

One thing to note, Smith warns us "regicides" that revolutionaries can "easily relapse into their habitual state of deference to those whom they have been accustomed to look upon as their natural superiors."  We must continue to pressure the Recall forward, especially with independent and moderate voters who are more apt to revert to the status quo of tyranny than are people actively engaged in the revolution.

I'm always fascinated when history rhymes….

*Corey Robin is quite responsive on Twitter so if you want to ask him a question about his work, he's really good at responding.  You can follow him @CoreyRobin.  For more on Adam Smith and the revolutionary sentiments of the Enlightenment, he recommended (to me on Twitter!) Economic Sentiments: Adam Smith, Condorcet, and the Enlightenment by Emma Rothschild.

Monday, January 23, 2012

Suicidal Tendencies: Democratic Capitalism as Death Kult

Philip Pilkington, in an piece taking issue with the tepid review of the future of capitalism in The Financial Times, remarks:

WWII gave politicians and policymakers the gall to unbalance the budget sufficiently to restore the economy. It also gave them the space to rejig the taxation system in a way that made it far more sustainable. If anyone objected, well, they were moving against the war effort, anti-patriotic and hence excluded from the debate.

What lessons should be taken from this? Quite simple ones. Democratic capitalism is a deeply dysfunctional, perhaps even suicidal system. In the good times capitalists and financiers gain ever more power to influence politicians and, after a brief retreat when crisis occurs, they continue to hold this influence when the deflationary pressures set in. Meanwhile, the policymakers convince themselves that the government budget is the same as a household budget – and in this are supported by numerous economists. This leads to a sort of ‘perfect storm’ situation where the budget deficit becomes the main issue of the day and all else is ignored, including the declining economy.

George W. Bush and Barrack Obama never asked Americans to make the requisite revenue sacrifices to realign the economy to sustainability the way FDR did.  Instead, they convinced themselves and those too ignorant to pursue the truth, that we can cut our way to prosperity.  Western democracies are being led by poll watchers, not leaders.  Men and women, on both sides of the aisle, pander to the know-nothings who think that tax cuts lead to prosperity, deficits are always bad, and why can't the government balance their budget?

The treasury is not at all like your checkbook, you fools.  Balance is not necessarily a good thing.

The unnecessary pain inflicted upon us when leaders obsess over debt and deficit is just stupid.  We're clearly too dumb as a nation (or perhaps a species) to learn from our history or from the data.

Saturday, October 29, 2011

Why We Don't Have Al Jazeera English on American Cable TV

Because of hard-hitting journalism like this excellent take-down of the Koch Brothers and their destruction of American democracy we aren't allowed to watch Al Jazeera on American cable networks.

Monday, October 24, 2011

Capitalism is now 147 Transnational Corporations

Behold the face of Global Capitalism Today!

The 1318 transnational corporations that form the core of the economy.
Superconnected companies are red, very connected companies are yellow.
The size of the dot represents revenue (Image: PLoS One)
In a study entitled The network of global corporate control by Stefania Vitali, James B. Glattfelder, and Stefano Battiston, they find that 1318 TNCs (Transnational Corporations) represent more than 60% of the world's revenue (out of 43,000 TNCs drawn from a database of more than 30 million economic actors).  As New Scientist reports,

The idea that a few bankers control a large chunk of the global economy might not seem like news to New York's Occupy Wall Street movement and protesters elsewhere. But the study, by a trio of complex systems theorists at the Swiss Federal Institute of Technology in Zurich, is the first to go beyond ideology to empirically identify such a network of power. It combines the mathematics long used to model natural systems with comprehensive corporate data to map ownership among the world's transnational corporations (TNCs). 
"Reality is so complex, we must move away from dogma, whether it's conspiracy theories or free-market," says James Glattfelder. "Our analysis is reality-based."
Being reality-based, the TeaOP will immediately dismiss it as a fiction.

But wait, it gets better...
When the team further untangled the web of ownership, it found much of it tracked back to a "super-entity" of 147 even more tightly knit companies - all of their ownership was held by other members of the super-entity - that controlled 40 per cent of the total wealth in the network. "In effect, less than 1 per cent of the companies were able to control 40 per cent of the entire network," says Glattfelder. Most were financial institutions. The top 20 included Barclays Bank, JPMorgan Chase & Co, and The Goldman Sachs Group.
And there are people who really wonder why the 99% are Occupying Wall Street?  Really?

We are all living in the world of Rollerball now...

The most powerful men in the world are the executives. They run the major corporations which fix prices, wages, and the general economy, and we all know they're crooked, that they have almost unlimited power and money, but I have considerable power and money myself and I'm still anxious.

What can I possibly want, I ask myself, except, possibly, more knowledge?

I consider recent history -- which is virtually all any-one remembers -- and how the corporate wars ended, so that we settled into the Six Majors: ENERGY, TRANSPORT, FOOD, HOUSING, SERVICES and LUXURY. Sometimes I forget who runs what -- for instance, now that the universities are operated by the Majors (and provide the farm system for Roller Ball Murder), which Major runs the universities? SERVICES or LUXURY?Music is one of our biggest industries, but I can't remember who administers it. Narcotic research is now under FOOD, I know, though it used to be under LUXURY.

Anyway, I think I'll ask Mr. Bartholemew about knowledge. He's a man with a big view of the world, with values, with memory. My team flings itself into the void while his team harnesses the sun, taps the sea, finds new alloys, and is clearly just a hell of a lot more serious.
Here's the Top 50 of the 147 Corporations that Rule The World:
1. Barclays plc
2. Capital Group Companies Inc
3. FMR Corporation
4. AXA
5. State Street Corporation
6. JP Morgan Chase & Co
7. Legal & General Group plc
8. Vanguard Group Inc
9. UBS AG
10. Merrill Lynch & Co Inc
11. Wellington Management Co LLP
12. Deutsche Bank AG
13. Franklin Resources Inc
14. Credit Suisse Group
15. Walton Enterprises LLC
16. Bank of New York Mellon Corp
17. Natixis
18. Goldman Sachs Group Inc
19. T Rowe Price Group Inc
20. Legg Mason Inc
21. Morgan Stanley
22. Mitsubishi UFJ Financial Group Inc
23. Northern Trust Corporation
24. Société Générale
25. Bank of America Corporation
26. Lloyds TSB Group plc
27. Invesco plc
28. Allianz SE 29. TIAA
30. Old Mutual Public Limited Company
31. Aviva plc
32. Schroders plc
33. Dodge & Cox
34. Lehman Brothers Holdings Inc*
35. Sun Life Financial Inc
36. Standard Life plc
37. CNCE
38. Nomura Holdings Inc
39. The Depository Trust Company
40. Massachusetts Mutual Life Insurance
41. ING Groep NV
42. Brandes Investment Partners LP
43. Unicredito Italiano SPA
44. Deposit Insurance Corporation of Japan
45. Vereniging Aegon
46. BNP Paribas
47. Affiliated Managers Group Inc
48. Resona Holdings Inc
49. Capital Group International Inc
50. China Petrochemical Group Company

Sunday, October 16, 2011

The Perils Representative Government

From John Stuart Mill, Considerations on Representative Government, 1861:

Representative institutions are of little value, and may be a mere instrument of tyranny or intrigue, when the generality of electors are not sufficiently interested in their own government to give their vote, or, if they vote at all, do not bestow their suffrages on public grounds, but sell them for money, or vote at the beck of someone who has control over them, or whom for private reasons they desire to propitiate.

Sunday, September 4, 2011

Dictators and Democracies: More in Common Than You Might Hope

Izmir Agora in Turkey
In ancient Greece, the Agora was the center of public life.  A market as well as a place where citizens could gather to hear politicians and leaders speak on subjects of importance to public life.  Socrates was condemned in a public forum, likely attached to the Athens Agora.

Centuries later, the Romans transformed the Agora into their equivalent, the Forum.  Like the Agora, the Forum was a center of public life.  It's where trade was carried out, and government and religious functions (the same thing to the Romans) were conducted.  Lawyers and tradespeople rubbed elbows with senators and slaves.  It was a lively place!

In both Greece and Rome, the dictators and tyrants told the people what they wanted to hear.  From Pericles to Caesar, lying seemed a fundamental tenant of government.  But they were tyrants. Surely in a democracy (and in the democracy's close cousin, the republic), where We the People run the government, lying would not be tolerated.

Today, we have many centers of public life,  and not just physical ones.  We have hundreds, thousands of them from Facebook to Twitter to Blogs and the like.  But we're still subject to the same human failings: we can't seem to get our politicians to tell us the truth.

In Der Angriff The Financial Times today, professor Kishore Mahbubani, Dean, Lee Kuan Yew School of Public Policy, National University of Singapore, and author of “The New Asian Hemisphere: the Irresistible Shift of Global Power to the East” claims "both sides do it." And by both sides, she means democracies and dictatorships.  They both tell lies to their people in ways that ultimately erode their credibility and undermine their authority to govern.  And her analysis rings quite true.
How do dictators survive? They tell lies. Muammer Gaddafi was one of the biggest liars of all time. He claimed that his people loved him.

So why are democracies failing at the same time? The simple answer: democracies have also been telling lies.
Democracies that created the Euro told big lies about how separating monetary and fiscal policy would be a good thing and that how Eurozone members would be held to strict rules about fiscal spending.  That didn't work out so well.

Leaders in America lie to the people too.  This is a normal recession, they say.  Things are better, just over the horizon; Recovery is just around the corner they say.  Just around the corner, though, is another corner, and another, and another.  Each corner turned leads to greater disillusionment by the populace.  And to a populace that will simply disengage from the public square.
But no American politician dares to utter the word “sacrifice”. Painful truths cannot be told. And there is an even more fundamental reason why they cannot tell the truth. In theory, a “government of the people, by the people, for the people, shall not perish from the earth” in America. In practice this is a big lie. Take the US budget process as exhibit A. In theory, the government collects taxes to deliver public goods to the population. In practice, the US budget has been hijacked by all kinds of special interest groups. This is why the US stimulus plan failed. A small portion of it went to help create jobs. Most of it was absorbed by various special interests.
Special interests like tax cuts that produce nothing.

Lying in a democracy should produce consequences for the liars.  But we've seen time and time again that it does not.  The liars continue to serve in public office and continue to lie to us, to our faces, and we don't seem to care.  As Plato admonished us 2500 years ago,

“The price of apathy towards public affairs is to be ruled by evil men.”

Tuesday, August 30, 2011

Our Blue Future

Wow...  No wonder the Tea Party GOP are laser-focused on voter suppression! They've seen the future and they no longer matter. (h/t Crooks and Liars)

Now if we could just get those fuckers to vote!!!!

Wednesday, August 24, 2011

You Know what Cheap Debt Gets You?

If you answer "more debt" then you're right.  Unlike the macroeconomy where there are numerous levers to pull to manage deficit and debt, on the micro side (i.e. household) the levers to manage deficit and debt are quite limited.  If you run up a debt, you have limited choices:

  1. Suck it up and pay it
  2. Renegotiate the debt with the rentier
  3. Default on the debt and go into credit exile
Not much else is open to you as an individual.  Unless you have a rich relative die and leave you a fortune, I suppose.  So when you see a chart like this, the nature of the "debt overhang" becomes clear.
The Debt of Damocles - From Kevin Drum
What the government needs to do is to create jobs, jobs, jobs.  Not give more money to the misnamed "job creators" who are busy laying people off while paying no income taxes.  Rather, commence a WPA-level public works program that puts the unemployed to work doing things the nation needs done. Build bridges, roads and dams.  Build a national high-speed rail system.  Build a national high-speed wireless Internet infrastructure.  Do something with the millions of unemployed American workers.  Give them some hope, some dignity and a paycheck they'll use to buy goods and services and get the economy moving again.

Monday, August 15, 2011

Individuals, not Corporations, Deserve Liberty

A tremendous article from Edward Harrison.  He takes to task those faux libertarians and conservatives who defend corporate rights as "liberty."
A corporation has no inalienable or natural rights. Nevertheless, it is the fact that corporations represent a group of individuals that allows the 'corporatist' to claim that these fictional legal entities should enjoy the same natural and legal liberties and rights with which individuals are born.

Let me be bold here: The 'Corporatist' is a kleptocrat masquerading as a believer in liberty. He uses terminology based in liberty to construct an ideology solely as a means of furthering the gains of a specific strata of society allied with the corporatist and at the expense of other strata, by coercion if necessary.

Remember my post on kleptocracy from 2008? If not, here are the four methods Jared Diamond says ruling elites use to maintain power:
  1. Disarm the populace, and arm the elite.
  2. Make the masses happy by redistributing much of the tribute received, in popular ways.
  3. Use the monopoly of force to promote happiness, by maintaining public order and curbing violence. This is potentially a big and underappreciated advantage of centralized societies over noncentralized ones.
  4. The remaining way for kleptocrats to gain public support is to construct an ideology or religion justifying kleptocracy.
This is the corporatism, the faux Libertarianism, to which I refer. The logic goes like this:
  1. Individuals have inalienable rights to freedom. This is a fundamental right that all individuals have and efforts by government to undermine these rights must be resisted at all costs.
  2. Corporations are groups of individuals which have banded together for mutual benefit. In so doing, they can express their individual natural rights more effectively than they could as individuals.
  3. As such, corporations must retain the same rights as individuals legally in order to allow those individuals the corporation represents to express there natural rights. Therefore, the same resistance to denying the rights of individuals must also be transferred to the corporations which represent them.
This logic will take you much further in furthering the aims of corporations, the point being that corporations, businesses, should enjoy the same rights that individuals have.

That is not to say that businesses should not have rights. They should; and we should grant them as much liberty as is reasonable and warranted. But let's be clear, corporations are not individuals; they are collections of individuals. Often, individuals hide behind this collective using the corporate veil to shield themselves from sanction for behaviour that abuses individual liberties. In a very real sense, the rights and liberties of businesses and individuals often come into conflict. A real libertarian would always favour the individual in that conflict. A corporatist would favour the corporation. That's the difference.

(emphasis in original)

Monday, July 25, 2011

I Just Threw-Up in my Mouth a Little Bit

I'm not even sure where to go with this.  My outrage tank is empty.  This is not my country anymore.
Now, even as the economy limps along, more of the nation’s wealthier families are cutting out the car ride and chartering planes to fly to summer camps. One private jet broker, Todd Rome of Blue Star Jets, said his summer-camp business had jumped 30 percent over the last year.