Category: Economics

Quote of the day: Matt Taibbi

With the election of Donald Trump, the Republican Party gets what it deserves:

“If this isn’t the end of the Republican Party, it’ll be a shame. They dominated American political life for 50 years and were never anything but monsters. They bred in their voters the incredible attitude that Republicans were the only people within our borders who raised children, loved their country, died in battle or paid their taxes. They even sullied the word ‘American’ by insisting they were the only real ones. They preferred Lubbock to Paris, and their idea of an intellectual was Newt Gingrich. Their leaders, from Ralph Reed to Bill Frist to Tom DeLay to Rick Santorum to Romney and Ryan, were an interminable assembly line of shrieking, witch-hunting celibates, all with the same haircut—the kind of people who thought Iran-Contra was nothing, but would grind the affairs of state to a halt over a blow job or Terri Schiavo’s feeding tube.

A century ago, the small-town American was Gary Cooper: tough, silent, upright and confident. The modern Republican Party changed that person into a haranguing neurotic who couldn’t make it through a dinner without quizzing you about your politics. They destroyed the American character. No hell is hot enough for them. And when Trump came along, they rolled over like the weaklings they’ve always been, bowing more or less instantly to his parodic show of strength.”

Matt Taibbi,  Insane Clown President (2017)

Quote of the day: George Monbiot

“Neoliberalism’s triumph also reflects the failure of the left. When laissez-faire economics led to catastrophe in 1929, Keynes devised a comprehensive economic theory to replace it. When Keynesian demand management hit the buffers in the 70s, there was an alternative ready. But when neoliberalism fell apart in 2008 there was … nothing. This is why the zombie walks. The left and centre have produced no new general framework of economic thought for 80 years.

Every invocation of Lord Keynes is an admission of failure. To propose Keynesian solutions to the crises of the 21st century is to ignore three obvious problems. It is hard to mobilise people around old ideas; the flaws exposed in the 70s have not gone away; and, most importantly, they have nothing to say about our gravest predicament: the environmental crisis. Keynesianism works by stimulating consumer demand to promote economic growth. Consumer demand and economic growth are the motors of environmental destruction.

What the history of both Keynesianism and neoliberalism show is that it’s not enough to oppose a broken system. A coherent alternative has to be proposed. For Labour, the Democrats and the wider left, the central task should be to develop an economic Apollo programme, a conscious attempt to design a new system, tailored to the demands of the 21st century.”

-George Monbiot, author of How Did We Get into This Mess?

The best Trump-related article you’ll read this week

trumpi

I spent some time this past week mulling over CEO Trump and his corporate cabal, now legally installed as overseers of the United States of America.

Some bad times ahead, but as Sun Tzu observes: “Opportunities multiply as they are seized”. Progressives, those seeking the emergence of a New Left, must put forward platforms and alternatives to counter the agenda being pursued by the one-per-centers and their archons. Merely lying low for the next four years, waiting for the Donald to implode is not an option.

I wrote my thoughts down in an article I’ve titled “The Thing at the Bottom of the Stairs”.

It’s an unequivocal call to arms, a refusal to be cowed by the thugocracy Trump intends to impose on his nation and the rest of the world.

Click on the link below to read the article:

the-thing-at-the-bottom-of-the-stairs (essay)

* Thanks to Gord Ames for proof-reading and commenting on this article.

“Live! From Epidaurus…”

EpidaurusiOne of the high points of our time in Greece was visiting the ancient amphitheater of Epidaurus.

Alec Guinness called it the “greatest theater in the world” and ol’ Alec likely knew a thing or two about such matters.

I took along a handheld digital recorder to capture snippets of sound along the way and decided that a live reading at Epidaurus was just too fantastic an opportunity to miss.

I selected a few of my recent poems, ran through them a few times, then had Sherron hold the recorder while I did my thing. I was reluctant to place myself anywhere near stage centre, where the uncanny acoustics would carry every single syllable up to the cheap seats. Instead I stood at the very front, right against the first row of seats.

We were lucky enough that most of the tourists had left by then, chased away by the scorching sun. But you can still hear a few morons, clapping to confirm that, yes, indeed, the acoustics are phenomenal, as the last person demonstrated…and the person before that. Everyone lining up to take their turn.

During this trip I learned to really loathe tourists. There’ll likely be a post on that later.

For now, join me at Epidaurus, right around noon, this past July, the temperature hovering in the mid-30s.

Get the picture?

Great…now click on the MP3, sit back, close your eyes and listen

“Cliff Burns, Live at Epidaurus”

Epidaurusii

 

An open letter to the party faithful

 

Tommy

Trent Wotherspoon has been appointed interim leader of the NDP here in Saskatchewan. I decided to write him a note, reflecting on the disastrous recent provincial election results and the future direction of the party.

Here’s what I said:

If I may get a bit political for a moment…

notesChoosing Our Poison

Over the past couple of years, I’ve increased my readings of history, economics and politics, and I think that comes from my determination to better understand the world as it is unfolding, and gain at least a few hints into what the future might hold for those of us who are left vulnerable to larger forces because of our class/caste, income, race, etc.

I’ve kept track of relevant quotes, statistics and observations by jotting them down in a black notebook, filling it to the margins. Recently I came to the last few pages of the notebook and decided to try and distill what I had gleaned from my readings into a mini-essay.

I’ve polished it some, clarified my thoughts in a few places, but tried to retain the surge of inspiration and anger that provoked its composition: 

*

“Now and then I see the truth above the lies…”

Paul Banks, “The Base”

The uneasy truce between capitalism and democracy is breaking down.

At some point—if it hasn’t happened already—we’re going to have to choose between those two opposing ideologies and that choice will define (and haunt) our species for generations to come. Which will it be: a smoothly running corporate machine or our personal freedom?

2015_11_zizek_booksSlavoj Zizek (among others) insists we’re living in a “late capitalist” world.

Capitalism is in the process of transforming into a more autocratic version of itself—something like China or Singapore, where individual rights, many of the privileges we enjoy as a western society, either do not exist or are drastically scaled back. Doled out in increments by an unholy alliance between state and industry.

It has gotten to the point where capitalism can no longer tolerate the constraints of democracy. Anything that slows or inhibits growth/profit, must be neutered, rendered harmless. And that can be accomplished, for example, through trade pacts that supersede or nullify a country’s legal codes and charters, fatally undermining national social institutions and standards.

Environmental laws, legislation restricting monopolies or policing the financial industry, are anathema to the one-percenters and business elite. They still exist in a magical land where growth is limitless, the stock market their personal Ponzi scheme and there are sufficient resources to sustain their extravagant lifestyles indefinitely.

Their narrative simply does not allow for maintaining a more modest standard of living, conservation, thrift, environmental stewardship…

All their talk of GNP and GDP and TTIP, but they persist in refusing to factor in the short and long term consequences of ruinous, wasteful industrial practices, mindsets that more properly belong to the notorious robber barons of the 19th Century, rather than enlightened and highly educated men and women (okay, mainly men) of today. And the toll continues to mount: pollution and ecological devastation on an unimaginable scale, with all the attendant health problems; a growing disparity between rich and poor; human populations becoming more fearful and anxiety-wracked as they face a future that no longer guarantees food security, let alone the safety and sanctity of their homes and persons.

Clean air, safe food, pure water, human dignity and basic, inalienable rights…these things are non-negotiable. In fact, they are the basis for life itself.

Why would we cede responsibility over such crucial issues to petty bureaucrats and corrupt apparatchiks?

Have we become so lazy and stupid, such sheep, that we would willingly hand the keys of liberty to our warders and bare our throats to ravenous wolves?

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