Bageant, Riddler and Einstein on the capitalist shitfest

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Bageant, Riddler and Einstein on the capitalist shitfest

Postby MacCruiskeen » Wed Feb 24, 2010 12:11 pm

Bageant at Counterpunch, on February 24. It's a long piece, it starts slowly and it's riddled with typos, but it's also full of great things:

[...] An awareness of class makes clear who is fucking whom. That's why American capitalism's official line is that we are a "classless society." Denying the existence of class, deeming all Americans (excepting a few too-obvious-to-be denied cases, such as inner city blacks and the poorest of immigrants) "middle class" was one of American capitalism's great strokes of genius. It blurred the line between workers and capitalism's middle class commissariat -- the petty business, mid-management, teaching and owning class managing the rest of us for the elites.

And just in case that line was not blurred enough, the bourgeoisie, particularly the academic institutions, successfully wrote the labor and the working masses out of American political history as taught in the public schools. We workers now have no continuous organic chain of memory and experience from which to draw.

The owning/business class has always been institutionalized as the state and the custodians of the entire American social and political process. History as we learn it in school is the owning class' version. Despite what we were taught, America's Constitution is mainly a property rights document, and those with the most property are naturally ascendant at all times in this country. Generation after generation of this ascent was bound to lead to what we see now. The ultimate triumph of property and money. A Supreme Court that, without the slightest hesitation, declares that money is speech and as such, will do most of the talking from here on out. The autonomous economy now has a tongue.

We can well imagine its future admonishments, its smug edicts, proclamations of terror afoot, more need for surveillance camera eyes, oil pipelines for its circulatory system… The autonomous economy not only has the bullhorn of the national media. It has a voice capable of drowning out what little of the people's voice remained, replacing our small national dialogue with soulless monologue. The bourgeoisie will listen closely though, for opportunity, a buck to be made in Kevlar, or perhaps the next new antidepressant for a demoralized, passive and discouraged republic.

In all honesty, I am sick of thinking about it, tired of burning up unrecoverable hours at the end of my 63-year old candle writing about it. So are many of my colleagues in cybernetic left-space. [...]

http://www.counterpunch.org/bageant02242010.html
Last edited by MacCruiskeen on Wed Feb 24, 2010 4:38 pm, edited 2 times in total.
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Re: Joe Bageant's latest (February 24)

Postby MacCruiskeen » Wed Feb 24, 2010 12:14 pm

See also this other great piece, from February 23, by our very own Jack Riddler at DU:

Real change will never happen except by socialism. Start by expropriating the banks.
"Ich kann gar nicht so viel fressen, wie ich kotzen möchte." - Max Liebermann,, Berlin, 1933

"Science is the belief in the ignorance of experts." - Richard Feynman, NYC, 1966

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Re: Joe Bageant and Jack Riddler on the capitalist shitfest

Postby MacCruiskeen » Wed Feb 24, 2010 12:42 pm

"The basic confrontation which seemed to be colonialism versus anti-colonialism, indeed capitalism versus socialism, is already losing its importance. What matters today, the issue which blocks the horizon, is the need for a redistribution of wealth. Humanity will have to address this question, no matter how devastating the consequences may be."

— Frantz Fanon, The Wretched of the Earth (1961)
"Ich kann gar nicht so viel fressen, wie ich kotzen möchte." - Max Liebermann,, Berlin, 1933

"Science is the belief in the ignorance of experts." - Richard Feynman, NYC, 1966

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Re: Joe Bageant and Jack Riddler on the capitalist shitfest

Postby Uncle $cam » Wed Feb 24, 2010 12:43 pm

I hate to always be myopic, but I think we are past the 'change' window, this country now seems more manipulated than free, more closed than open. Someone over at DU wrote, "the lack of justice is the first sign... of a society that is falling apart." I think it's merely only one sign...
Ties between veracious institutional practices and power corrupted ethics are another whole set of markers.

Senators Propose Big Corporate Tax Cut
Source: NYT
http://dealbook.blogs.nytimes.com/2010/ ... te-tax-cut
Calls to cut taxes on large corporations may seem odd given that the nation faces a $1.55 trillion budget shortfall for the coming fiscal year. But that is exactly what a couple of senators, one Republican and one Democrat, would like to see happen. They jointly introduced a bill in Congress on Tuesday that would cut the corporate income tax rate to a flat 24 percent from 35 percent by eliminating some tax breaks.

“The United States has the second highest corporate tax rate in the industrialized world,” Senator Judd Gregg, Republican of New Hampshire, said at a news conference to discuss the bill he wrote with Senator Ron Wyden, Democrat of Oregon. “After this law goes into effect, which I certainly hope it will, we will be pretty much competitive with everybody who’s a major player in the corporate world but, certainly, the countries which are our primary competition in Europe and Asia.”

Mr. Gregg said cutting the corporate tax rate to 24 percent would help spur the economy and encourage more investment at home, translating to more jobs.


And under the lie of bipartisanship, they'll get it. The wheels of American style fascism are rolling right along.
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Re: Joe Bageant and Jack Riddler on the capitalist shitfest

Postby Wombaticus Rex » Wed Feb 24, 2010 2:23 pm

Uncle $cam wrote:I hate to always be myopic, but I think we are past the 'change' window, this country now seems more manipulated than free, more closed than open.


Yup.

And now, we need to change that.

Also, when I talk about "coke" I am not referring to Coca-Cola.
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Re: Joe Bageant and Jack Riddler on the capitalist shitfest

Postby MacCruiskeen » Wed Feb 24, 2010 2:35 pm

This too was just posted at DU:

Why Socialism?
By Albert Einstein

From Monthly Review, New York, May, 1949.

http://www.democraticunderground.com/di ... 89x7785149

Is it advisable for one who is not an expert on economic and social issues to express views on the subject of socialism? I believe for a number of reasons that it is.

Let us first consider the question from the point of view of scientific knowledge. It might appear that there are no essential methodological differences between astronomy and economics: scientists in both fields attempt to discover laws of general acceptability for a circumscribed group of phenomena in order to make the interconnection of these phenomena as clearly understandable as possible. But in reality such methodological differences do exist. The discovery of general laws in the field of economics is made difficult by the circumstance that observed economic phenomena are often affected by many factors which are very hard to evaluate separately. In addition, the experience which has accumulated since the beginning of the so-called civilized period of human history has -- as is well known -- been largely influenced and limited by causes which are by no means exclusively economic in nature. For example, most of the major states of history owed their existence to conquest. The conquering peoples established themselves, legally and economically, as the privileged class of the conquered country. They seized for themselves a monopoly of the land ownership and appointed a priesthood from among their own ranks. The priests, in control of education, made the class division of society into a permanent institution and created a system of values by which the people were thenceforth, to a large extent unconsciously, guided in their social behavior.

But historic tradition is, so to speak, of yesterday; nowhere have we really overcome what Thorstein Veblen called "the predatory phase" of human development. The observable economic facts belong to that phase and even such laws as we can derive from them are not applicable to other phases. Since the real purpose of socialism is precisely to overcome and advance beyond the predatory phase of human development, economic science in its present state can throw little light on the socialist society of the future.

Second, socialism is directed toward a social-ethical end. Science, however, cannot create ends and, even less, instill them in human beings; science, at most, can supply the means by which to attain certain ends. But the ends themselves are conceived by personalities with lofty ethical ideals and -- if these ends are not stillborn, but vital and vigorous -- are adopted and carried forward by those many human beings who, half-unconsciously, determine the slow evolution of society.

For these reasons, we should be on our guard not to overestimate science and scientific methods when it is a question of human problems; and we should not assume that experts are the only ones who have a right to express themselves on questions affecting the organization of society.

Innumerable voices have been asserting for some time now that human society is passing through a crisis, that its stability has been gravely shattered. It is characteristic of such a situation that individuals feel indifferent or even hostile toward the group, small or large, to which they belong. In order to illustrate my meaning, let me record here a personal experience. I recently discussed with an intelligent and well-disposed man the threat of another war, which in my opinion would seriously endanger the existence of mankind, and I remarked that only a supranational organization would offer protection from that danger. Thereupon my visitor, very calmly and coolly, said to me: "Why are you so deeply opposed to the disappearance of the human race?"

I am sure that as little as a century ago no one would have so lightly made a statement of this kind. It is the statement of a man who has striven in vain to attain an equilibrium within himself and has more or less lost hope of succeeding. It is the expression of a painful solitude and isolation from which so many people are suffering in these days. What is the cause? Is there a way out?

It is easy to raise such questions, but difficult to answer them with any degree of assurance. I must try, however, as best I can, although I am very conscious of the fact that our feelings and strivings are often contradictory and obscure and that they cannot be expressed in easy and simple formulas.

Man is, at one and the same time, a solitary being and a social being. As a solitary being, he attempts to protect his own existence and that of those who are closest to him, to satisfy his personal desires, and to develop his innate abilities. As a social being, he seeks to gain the recognition and affection of his fellow human beings, to share in their pleasures, to comfort them in their sorrows, and to improve their conditions of life. Only the existence of these varied, frequently conflicting strivings accounts for the special character of a man, and their specific combination determines the extent to which an individual can achieve an inner equilibrium and can contribute to the well-being of society. It is quite possible that the relative strength of these two drives is, in the main, fixed by inheritance. But the personality that finally emerges is largely formed by the environment in which a man happens to find himself during his development, by the structure of the society in which he grows up, by the tradition of that society, and by its appraisal of particular types of behavior. The abstract concept "society" means to the individual human being the sum total of his direct and indirect relations to his contemporaries and to all the people of earlier generations. The individual is able to think, feel, strive, and work by himself; but he depends so much upon society -- in his physical, intellectual, and emotional existence -- that it is impossible to think of him, or to understand him, outside the framework of society. It is "society" which provides man with food, clothing, a home, the tools of work, language, the forms of thought, and most of the content of thought; his life is made possible through the labor and the accomplishments of the many millions past and present who are all hidden behind the small word "society."

It is evident, therefore, that the dependence of the individual upon society is a fact of nature which cannot be abolished -- just as in the case of ants and bees. However, while the whole life process of ants and bees is fixed down to the smallest detail by rigid, hereditary instincts, the social pattern and interrelationships of human beings are very variable and susceptible to change. Memory, the capacity to make new combinations, the gift of oral communication have made possible developments among human beings which are not dictated by biological necessities. Such developments manifest themselves in traditions, institutions, and organizations; in literature; in scientific and engineering accomplishments; in works of art. This explains how it happens that, in a certain sense, man can influence his life through his own conduct, and that in this process conscious thinking and wanting can play a part.

Man acquires at birth, through heredity, a biological constitution which we must consider fixed and unalterable, including the natural urges which are characteristic of the human species. In addition, during his lifetime, he acquires a cultural constitution which he adopts from society through communication and through many other types of influences. It is this cultural constitution which, with the passage of time, is subject to change and which determines to a very large extent the relationship between the individual and society Modern anthropology has taught us, through comparative investigation of so-called primitive cultures, that the social behavior of human beings may differ greatly, depending upon prevailing cultural patterns and the types of organization which predominate in society. It is on this that those who are striving to improve the lot of man may ground their hopes: human beings are not condemned, because of their biological constitution, to annihilate each other or to be at the mercy of a cruel, self-inflicted fate.

If we ask ourselves how the structure of society and the cultural attitude of man should be changed in order to make human life as satisfying as possible, we should constantly be conscious of the fact that there are certain conditions which we are unable to modify. As mentioned before, the biological nature of man is, for all practical purposes, not subject to change. Furthermore, technological and demographic developments of the last few centuries have created conditions which are here to stay. In relatively densely settled populations with the goods which are indispensable to their continued existence, an extreme division of labor and a highly centralized productive apparatus are absolutely necessary. The time -- which, looking back, seems so idyllic -- is gone forever when individuals or relatively small groups could be completely self-sufficient. It is only a slight exaggeration to say that mankind constitutes even now a planetary community of production and consumption.

I have now reached the point where I may indicate briefly what to me constitutes the essence of the crisis of our time. It concerns the relationship of the individual to society. The individual has become more conscious than ever of his dependence upon society. But he does not experience this dependence as a positive asset, as an organic tie, as a protective force, but rather as a threat to his natural rights, or even to his economic existence. Moreover, his position in society is such that the egotistical drives of his make-up are constantly being accentuated, while his social drives, which are by nature weaker, progressively deteriorate. All human beings, whatever their position in society, are suffering from this process of deterioration. Unknowingly prisoners of their own egotism, they feel insecure, lonely, and deprived of the naive, simple, and unsophisticated enjoyment of life. Man can find meaning in life, short and perilous as it is, only through devoting himself to society.

The economic anarchy of capitalist society as it exists today is, in my opinion, the real source of the evil. We see before us a huge community of producers the members of which are unceasingly striving to deprive each other of the fruits of their collective labor -- not by force, but on the whole in faithful compliance with legally established rules. In this respect, it is important to realize that the means of production -- that is to say, the entire productive capacity that is needed for producing consumer goods as well as additional capital goods -- may legally be, and for the most part are, the private property of individuals.

For the sake of simplicity, in the discussion that follows I shall call "workers" all those who do not share in the ownership of the means of production -- although this does not quite correspond to the customary use of the term. The owner of the means of production is in a position to purchase the labor power of the worker. By using the means of production, the worker produces new goods which become the property of the capitalist. The essential point about this process is the relation between what the worker produces and what he is paid, both measured in terms of real value. In so far as the labor contract is "free," what the worker receives is determined not by the real value of the goods he produces, but by his minimum needs and by the capitalists' requirements for labor power in relation to the number of workers competing for jobs. It is important to understand that even in theory the payment of the worker is not determined by the value of his product.

Private capital tends to become concentrated in few hands, partly because of competition among the capitalists, and partly because technological development and the increasing division of labor encourage the formation of larger units of production at the expense of the smaller ones. The result of these developments is an oligarchy of private capital the enormous power of which cannot be effectively checked even by a democratically organized political society. This is true since the members of legislative bodies are selected by political parties, largely financed or otherwise influenced by private capitalists who, for all practical purposes, separate the electorate from the legislature. The consequence is that the representatives of the people do not in fact sufficiently protect the interests of the underprivileged sections of the population. Moreover, under existing conditions, private capitalists inevitably control, directly or indirectly, the main sources of information (press, radio, education). It is thus extremely difficult, and indeed in most cases quite impossible, for the individual citizen to come to objective conclusions and to make intelligent use of his political rights.

The situation prevailing in an economy based on the private ownership of capital is thus characterized main principles: first, means of production (capital) are privately owned and the owners dispose of them as they see fit; second, the labor contract is free. Of course, there is no such thing as a pure capitalist society in this sense. In particular, it should be noted that the workers, through long and bitter political struggles, have succeeded in securing a somewhat improved form of the "free labor contract" for certain categories of workers. But taken as a whole, the present-day economy does not differ much from "pure" capitalism.

Production is carried on for profit, not for use. There is no provision that all those able and willing to work will always be in a position to find employment; an "army of unemployed" almost always exists. The worker is constantly in fear of losing his job. Since unemployed and poorly paid workers do not provide a profitable market, the production of consumers' goods is restricted, and great hardship is the consequence. Technological progress frequently results in more unemployment rather than in an easing of the burden of work for all. The profit motive, in conjunction with competition among capitalists, is responsible for an instability in the accumulation and utilization of capital which leads to increasingly severe depressions. Unlimited competition leads to a huge waste of labor, and to that crippling of the social consciousness of individuals which I mentioned before.

This crippling of individuals I consider the worst evil of capitalism. Our whole educational system suffers from this evil. An exaggerated competitive attitude is inculcated into the student, who is trained to worship acquisitive success as a preparation for his future career.


I am convinced there is only one way to eliminate these grave evils, namely through the establishment of a socialist economy, accompanied by an educational system which would be oriented toward social goals. In such an economy, the means of production are owned by society itself and are utilized in a planned fashion. A planned economy, which adjusts production to the needs of the community, would distribute the work to be done among all those able to work and would guarantee a livelihood to every man, woman, and child. The education of the individual, in addition to promoting his own innate abilities, would attempt to develop in him a sense of responsibility for his fellow-men in place of the glorification of power and success in our present society.

Nevertheless, it is necessary to remember that a planned economy is not yet socialism. A planned economy as such may be accompanied by the complete enslavement of the individual. The achievement of socialism requires the solution of some extremely difficult socio-political problems: how is it possible, in view of the far-reaching centralization of political and economic power, to prevent bureaucracy from becoming all-powerful and overweening? How can the rights of the individual be protected and therewith a democratic counterweight to the power of bureaucracy be assured?

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"Ich kann gar nicht so viel fressen, wie ich kotzen möchte." - Max Liebermann,, Berlin, 1933

"Science is the belief in the ignorance of experts." - Richard Feynman, NYC, 1966

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Re: Joe Bageant and Jack Riddler on the capitalist shitfest

Postby JackRiddler » Wed Feb 24, 2010 2:54 pm

Thanks, MacC!

One of these days I've got to revive the Wall Street thread, as I collected about 30 articles for it that should be posted to keep it complete, at least as a data dump.

Here's reformed Reaganomics Commando P.C. Roberts telling it like it is on "entitlements reform":

http://counterpunch.org/roberts02192010.html

Weekend Edition
February 19 - 21, 2010
Wall Street Targets the Elderly
Looting Social Security

By PAUL CRAIG ROBERTS

Hank Paulson, the Gold Sacks bankster/US Treasury Secretary, who deregulated the financial system, caused a world crisis that wrecked the prospects of foreign banks and governments, caused millions of Americans to lose retirement savings, homes, and jobs, and left taxpayers burdened with multi-trillions of dollars of new US debt, is still not in jail. He is writing in the New York Times urging that the mess he caused be fixed by taking away from working Americans the Social Security and Medicare for which they have paid in earmarked taxes all their working lives.

Wall Street’s approach to the poor has always been to drive them deeper into the ground.

As there is no money to be made from the poor, Wall Street fleeces them by yanking away their entitlements. It has always been thus. During the Reagan administration, Wall Street decided to boost the values of its bond and stock portfolios by using Social Security revenues to lower budget deficits. Wall Street figured that lower deficits would mean lower interest rates and higher bond and stock prices.

Two Wall Street henchmen, Alan Greenspan and David Stockman, set up the Social Security raid in this way: The Carter administration had put Social Security in the black for the foreseeable future by establishing a schedule for future Social Security payroll tax increases. Greenspan and Stockman conspired to phase in the payroll tax increases earlier than was needed in order to gain surplus Social Security revenues that could be used to finance other government spending, thus reducing the budget deficit. They sold it to President Reagan as “putting Social Security on a sound basis.”

Along the way Americans were told that the surplus revenues were going into a special Social Security trust fund at the U.S. Treasury. But what is in the fund is Treasury IOUs for the spent revenues. When the “trust funds” are needed to pay Social Security benefits, the Treasury will have to sell more debt in order to redeem the IOUs.

Social Security was mugged again during the Clinton administration when the Boskin Commission jimmied the Consumer Price Index in order to reduce the inflation adjustments that Social Security recipients receive, thus diverting money from Social Security retirees to other uses.

We constantly hear from Wall Street gangsters and from Republicans and an occasional Democrat that Social Security and Medicare are a form of welfare that we can’t afford, an “unfunded liability.” This is a lie. Social Security is funded with an earmarked tax. People pay for Social Security and Medicare all their working lives. It is a pay-as-you-go system in which the taxes paid by those working fund those who are retired.

Currently these systems are not in deficit. The problem is that government is using earmarked revenues for other purposes. Indeed, since the 1980s Social Security revenues have been used to fund general government. Today Social Security revenues are being used to fund trillion dollar bailouts for Wall Street and to fund the Bush/Obama wars of aggression against Muslims.

Having diverted Social Security revenues to war and Wall Street, Paulson says there is no alternative but to take the promised benefits away from those who have paid for them.

Republicans have extraordinary animosity toward the poor. In an effort to talk retirees out of their support systems, Republicans frequently describe Social Security as a Ponzi scheme and “unsustainable.” They ought to know. The phony trust fund, which they set up to hide the fact that Wall Street and the Pentagon are running off with Social Security revenues, is a Ponzi scheme. Social Security itself has been with us since the 1930s and has yet to wreck our lives and budget. But it only took Hank Paulson’s derivative Ponzi scheme and its bailout a few years to inflict irreparable damage on our lives and budget.

Years ago with stagflation defeated and a rising stock market, I favored privatizing Social Security as a way of creating a funded retirement system and producing greater savings and larger incomes for retirees. At that time Wall Street was interested, not for my reasons, but in order to collect the fees from managing the funds.

Had Social Security been privatized, I doubt that Wall Street would have been permitted to deregulate the financial system. Too much would have been at stake.

After the latest crisis brought on by Wall Street’s dishonesty and greed, trusting Wall Street to manage anyone’s old age pension requires a leap of faith that no intelligent person can make.

Wall Street has got away with its raid on the public treasury. Now, pockets full, it wants to pay for the heist by curtailing Social Security and Medicare. Having deprived the working population of homes, jobs, and health care, Wall Street is now after the elderly’s old age security.

Social Security, formerly an untouchable “third rail of politics,” is now “unsustainable,” while the real unsustainables--a pre-1929 unregulated financial system and open-ended multi-trillion dollar Global War Against Terror--are the new untouchables. This transformation signals the complete capture of American democracy by an oligarchy of special interests.

Paul Craig Roberts was an editor of the Wall Street Journal and an Assistant Secretary of the U.S. Treasury. His latest book, HOW THE ECONOMY WAS LOST, has just been published by CounterPunch/AK Press. He can be reached at: PaulCraigRoberts@yahoo.com


Here's my DU thread you reference, no edit here:

http://www.democraticunderground.com/di ... 89x7777568
(The discussion is surprisingly un-obnoxious by current DU standards.)


Real change will never happen except by socialism. Start by expropriating the banks.
Edited on Tue Feb-23-10 02:03 PM by JackRiddler

The following was inspired by this thread by Talking Dog:

Some news we can all feel good about!!!! The top 400 families are making more than ever!!!!
And the taxes they are paying are at record lows!!!!!!

http://www.democraticunderground.com/di ... id=7775796

Which I recommend. It contains the following three charts, which I will borrow:
Image
Image
Image

It occurred to me while highly informative, these charts on their own may actually cause one to underestimate the wealth and the power of the superrich class!

So the following came out:

As one poster points out (in that thread), it's not really the top 400 earning households, it's more like a pool of the top 4,000 earning households, out of whom 400 appear to occupy the top spots in a given year. Increasingly, it's more like a pool of the top 20,000 to 40,000 households around the world who are involved in the more or less loose networks or global community of the superrich.

Most of these entities get to show whatever US income they like. They have a leeway unimaginable to most of us in the ability to defer income, reinvest it prior to taxation, show revenue as loss, show revenue in other countries, put it into their own foundations, or shift it around different institutions. (One part of an empire appears to lend money to a separate unit that is also part of the empire. Or, at the extreme, one part of an empire bets on the failure of another which runs a speculative plunder scam for a few years and then predictably goes under - the Goldman-Sachs/AIG model.)

And just plain hide it.

The assessed values of assets like multiple large real estate holdings can vary by hundreds of millions from year to year. The main flows of cash can be kept offshore and in foundations, where many of the true levers of power lie, largely unaccounted. Control of a variety of corporate entities translates into a control of a far larger multiple in assets than those that appear as individual wealth. Ultimately this class (top half percent at most) also owns the largest voting shares in the big banks and corporations (in US and increasingly worldwide as a single global class). Thus they own and can control the majority of the economy.

The absolute largest fortunes are unlikely to appear on this list. They are older money that has diversified into many holdings and is administered by foundations or obscure structures of holding companies owning holding companies. These complexes (or "empires") maintain whole tribes descended from robber barons, but generally there is one monarch or small group actually running the empire at any given time (e.g., for the Rockefellers over the last half-century that would have been David). They rise and fall, but generally maintain stability through the generations. They can reach more easily into politics in the guise of charitable and political institutions (from the Koch complex on the "screw everyone" right financing the Teabaggers, to the Rockefellers on the "noblesse-oblige" right financing ostensible social initiatives, which bizarrely is called "liberal").

Some on the top 400 list of income earners are relatively trivial fortunes of the moment garnered from single-source successes (sports, pop/movie stars, overnight Internet fortunes). These may not yet have diversified and institutionalized themselves via foundations and the like. They may be household names, but they don't have the power yet of the established empires. These occasionally crash and burn. They also provide a spectacular version of the life of the rich that helps to divert attention from the majority of the rich. Instead of Mellons or some demented European aristocrats dating back to the Hohenzollerns, people think the world's owners are Tiger Woods and Tom Cruise.

Recently we saw how the Gates fortune diversified and institutionalized itself for the next century. The Gates were able to present this logical business move as "giving away their money." This is the classic process by which robber barons appear to turn into "philanthropists," perhaps the most important PR term ever invented by the well-paid propagandists of the super-rich. (If it's a give-away, how is it that a century later most of the supposedly given-up fortunes are still around, telling you they're bringing you NPR and PBS for free?)

And all that still doesn't account for the shadow world of the multinational spook and criminal industries (arms, drugs, money laundering, smuggling, bust-outs, etc.) or the religious enterprises ("churches") who get to evade taxation and accounting and accumulate vast fortunes while having an enormous impact in shaping politics and society to their advantage.

Finally, even for the large portion of the total income tax collected that they do pay, you can be certain that the superrich get more back in the way of corporate welfare and other government services:

Laws are generally enforced in the service of their interests. Wars are fought in their presumed economic interests, generally after groups among the super-rich lobby for them years in advance. Members of this class own the contractors who directly profit from these wars and the "defense" complex. After each set of wars they hire and enrich the generals who did the planning and ran the campaigns, and who return to the Pentagon to pitch contracts and show their gold cufflinks to the next generation of generals.

I focus on war and the spook complex since that's half of the discretionary budget, but of course all other parts of it contain taxpayer-financed corporate welfare for major multinational corporate contractors.

All this is nothing that hasn't been described in the past by scholars like C. Wright Mills. (The Power Elite, 1959 - 51 years ago.)

The main part of the federal government that pays back to the people, meanwhile, is the part financed directly by the people, in the form of regressive taxes like SS/FICA and the charges for Medicare and unemployment insurance. Until now, this has always been run at a surplus, and that surplus has been put into T-bills to finance the awesome deficits of the discretionary budget (the main part of which is devoted to war, "defense" and the spook complex). Gradually it's become obvious the US government is unlikely to ever pay back what it owes to Social Security, which is why the holy grail of the corporate policy wonks has always been privatizing it and ending that obligation.

A more progressive tax system and more money for social programs may help make things better for the majority, but it isn't going to change the system at all. The power imbalance will remain. The inhumane distortions it causes will remain, from the servants' quarters at the Rockefeller mansion down to the hellish pits of the maquiladoras and out to the bomb-cratered landscapes of Asia and the plastic garbage patch in the Pacific - a new dead continent, growing by the day.

(Utopia time)

If you want to change this system, you have to acknowledge the need for something that has been cursed as "socialism":

- Nationalize and communalize the banks. There should be state banks devoted to particular functions (California Agricultural Bank, Michigan Technology Bank) and consumer credit unions. Their boards should be voted on by depositors. They should meet from year to year to plan finance for a rational, sustainable economy. (Obviously there would no longer be a Federal Reserve!)

- Negotiate with all world powers to reduce militaries to emergency response and border patrol, and put it into green energy and transport conversion. (They'll go along, they're just as broke. Also, most of them are not as stupid as we've been, despite all our "natural" advantages.)

- Public campaign finance and free TV time for everyone who can make a ballot as a condition of broadcast license (by cable too, or it's pointless).

- Obviously: end corporate personhood.

- Throw open the books of the banks, MIC contractors, foundations, churches, offshore entities, etc., and above all the black budget and spook world. No longer can a company get special privileges because of its intel connections. (Obviously CIA must be shut down and the full extent of its activities since 1947 revealed.) All money flows must be made identifiable. Hire 10 times as many people as currently work at the SEC, FTC, FBI financial section to handle this. It's a jobs program all its own!

- Obviously, end war on drugs to drain the swamp of hidden money. Make into a war on the international arms trade.

- Punish state and corporate crime to finally establish the rule of law. The fact is, this is the one form of crime for which deterrence provably works. (If you had beheaded the nine bank presidents back in 2008, you can be sure their successors would have been less reckless.) (That was a joke.) This needn't be a long march to the guillotine. Exposure and expropriation will be sufficient for more than 90 percent of those discovered. Believe me, for many of these people being put on a decent pension of $50,000 a year would feel worse than any vision of hell they've ever imagined. Those who go to prison will find very spacious accommodations there, after most of the current prisoners are released in the drug amnesty.

- Senate? Presidents? Please. These are means to delegate power to the upper class. The House should be sovereign, preferably with a proportional representation system. A Senate (modified so that big states have up to five senators) should have veto power at most.

- A President's sole job should be to should smile and wave at parades, look solemn at funerals, and have a good-looking spouse. It sort of is that way already - although power lies in the executive, it has shifted into the permanent bureaucracy and the deep state, and above all in private capital. Electing one guy (or even gal, someday) to the top spot every four years means you get to watch him grow old fast as he waits out a quarter of that time just in making the appointments (most of whom come out of the permanent bureaucracy) and either willingly or by force makes every possible accommodation to the corporate will, until he's spat back out four or eight years later into a minor fortune.

Make the House sovereign, and watch voters take up an intense interest in learning about the issues.

YES! I see this involves constitutional changes, and I know how unlikely these are.

NO! I don't think ANY OF THIS is likely to happen.

I'm just laying out the structure of power, and what it would look like if it were to change from within. Progressive taxation alone won't do it.

Much more likely is a sooner-or-later collapse of the death system, which is why our culture is so obsessed with apocalypse as religion and visions of planetary disaster as entertainment (which we're helping to speed along, no doubt on some level voluntarily).

Ooops. I didn't think I'd be spending this hour quite in this way. Think I'll make a new post of this and watch it drop down the board (or get slagged by unclever one-liners for a couple of rounds).
We meet at the borders of our being, we dream something of each others reality. - Harvey of R.I.

To Justice my maker from on high did incline:
I am by virtue of its might divine,
The highest Wisdom and the first Love.

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Re: Joe Bageant and Jack Riddler on the capitalist shitfest

Postby MacCruiskeen » Wed Feb 24, 2010 2:56 pm

Uncle $cam and Wombaticus, your pessimism is shared by both Bageant and Riddler. And by me, fwiw.

JackRiddler (after outlining some socialist measures) wrote:YES! I see this involves constitutional changes, and I know how unlikely these are.

NO! I don't think ANY OF THIS is likely to happen.


Joe Bageant wrote:In all honesty, I am sick of thinking about it, tired of burning up unrecoverable hours at the end of my 63-year old candle writing about it. So are many of my colleagues in cybernetic left-space.


-------------------------------------------

PS
JackRiddler wrote:Thanks, MacC!


You're welcome, Jack, and thanks for writing it. If I'd seen the Einstein piece earlier, I could have had all three of you in the same subject-line:

Bageant, Riddler and Einstein on the capitalist shitfest
"Ich kann gar nicht so viel fressen, wie ich kotzen möchte." - Max Liebermann,, Berlin, 1933

"Science is the belief in the ignorance of experts." - Richard Feynman, NYC, 1966

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Re: Joe Bageant and Jack Riddler on the capitalist shitfest

Postby Alaya » Wed Feb 24, 2010 3:11 pm

Heh heh Joe's an old friend of mine and he has been at it for a long time. As for being 'sick of it', I got a bad case of it myself. I don't think you could whip me enough to give a shit at this point.

and what's a few typos in Gonzo journalism anyway?
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Re: Joe Bageant and Jack Riddler on the capitalist shitfest

Postby Nordic » Wed Feb 24, 2010 3:53 pm

Alaya wrote:.As for being 'sick of it', I got a bad case of it myself. I don't think you whip me to give a shit at this point.



Me, too. After eight years of doing everything I could, screaming everywhere I could scream, I'm done.

Rig Int is the place I've arrived at, so that I can munch the popcorn and talk amongst my like-minded comrades while we watch it all go down in flames.

Kind of like when I sat up in the Hollywood Hills and watched Los Angeles burn the day of the "riots". Too bad the stores were all looted before I could get some beer on that day.
"He who wounds the ecosphere literally wounds God" -- Philip K. Dick
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Re: Bageant, Riddler and Einstein on the capitalist shitfest

Postby AlicetheKurious » Wed Feb 24, 2010 4:51 pm

Great thread, wonderful essays. Though I am also short on "hope", I do enjoy it when socialists go on the offensive and kick some ass, even if only on the DU forum. In my humble opinion, conditions couldn't be more propitious for a Leftist resurgence in the capitalist heartland. If not now, when?
"If you're not careful the newspapers will have you hating the oppressed and loving the people doing the oppressing." - Malcolm X
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Re: Bageant, Riddler and Einstein on the capitalist shitfest

Postby MacCruiskeen » Wed Feb 24, 2010 6:12 pm

Heh heh Joe's an old friend of mine


Oho. Well, Alaya, should we ever meet*, then I will give you a bottle of Laphroaig to present to him, with my compliments.

*Maybe at the First International Rigorous Intuition Conference, to be held somewhere or other (Woodstock? Las Vegas? Belize? Havana? Davos?) in 2011.
"Ich kann gar nicht so viel fressen, wie ich kotzen möchte." - Max Liebermann,, Berlin, 1933

"Science is the belief in the ignorance of experts." - Richard Feynman, NYC, 1966

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Re: Bageant, Riddler and Einstein on the capitalist shitfest

Postby MacCruiskeen » Wed Feb 24, 2010 6:52 pm

"Not a full year since, being quiet at my work, my heart was filled with sweet thoughts... That the earth shall be made a common treasury of livlihood to whole mankind, without respect of persons; yet my mind was not at rest, because nothing was acted, and thoughts run in me that words and writings were all nothing and must die, for action is the life of all, and if thou dost not act, thou dost nothing."

- Gerrard Winstanley: A Watch-Word to the City of London, and the Armie (August 26, 1649)
"Ich kann gar nicht so viel fressen, wie ich kotzen möchte." - Max Liebermann,, Berlin, 1933

"Science is the belief in the ignorance of experts." - Richard Feynman, NYC, 1966

TESTDEMIC ➝ "CASE"DEMIC
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Re: Bageant, Riddler and Einstein on the capitalist shitfest

Postby Alaya » Thu Feb 25, 2010 1:22 am

MacCruiskeen wrote:
Heh heh Joe's an old friend of mine


Oho. Well, Alaya, should we ever meet*, then I will give you a bottle of Laphroaig to present to him, with my compliments.

*Maybe at the First International Rigorous Intuition Conference, to be held somewhere or other (Woodstock? Las Vegas? Belize? Havana? Davos?) in 2011.


Mexico or Costa Rica would be good choices. I'd like to be able to do both, meet you and see Joe.

He lives in Virginia when not below the border.

The scotch, however, could disappear between and your intended recipient. :mrgreen:
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Re: Bageant, Riddler and Einstein on the capitalist shitfest

Postby Alaya » Thu Feb 25, 2010 1:42 am

MacCruiskeen wrote:"Not a full year since, being quiet at my work, my heart was filled with sweet thoughts... That the earth shall be made a common treasury of livlihood to whole mankind, without respect of persons; yet my mind was not at rest, because nothing was acted, and thoughts run in me that words and writings were all nothing and must die, for action is the life of all, and if thou dost not act, thou dost nothing."

- Gerrard Winstanley: A Watch-Word to the City of London, and the Armie (August 26, 1649)



This is quite beautiful and a year ago I'd think you were reading my mail but now I'm well and truly done caring. (nah nah nah)
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