Michael Hudson – Life & Thought (fascinating)

A Marxist who worked for capitalists/imperialists – and actually helped them, but was also able to lay bare that exploitation, explain it, and then get at its ancient roots. To hear him tell it, there doesn’t seem to be a contradiction. I’d have more than a few questions for him if I had the chance. I’ve been listening to him for years, but had no clue about his personal history and connection to the left. And the last few minutes is elucidating in more ways than one. Many questions that will never be answered…What can I say? Fascinating.

Corporate consolidation by brand

Corporate consolidation by brand

Click here for bigger image

This picture is but a drop in the ocean of corporate consolidation. When you read about an increase of M&A (mergers and acquisitions) it is usually an indication that rich people (using the corporations they own and the politicians they buy) have just stolen a great deal of money from you, legally (because the rich/corporations write the laws) and/or illegally (because they break the laws they don’t write). The past decade or so has been (yet another) one of these times.

The consolidation of money/power has surpassed that of the Gilded Age. Inequality has never been greater in human history. The rich have so much money they literally don’t know what to do with it. When you see things like stock buy-backs, art and property selling for record amounts, billions “invested” in silicon valley vaporware and apps that “innovate “by essentially enslaving working people, you see this in action.

The tendency to monopoly power is built into capitalism. Some apologists for capitalism will say that is why we need good regulation, but another tendency built into the logic of capitalism is profit at any (so-called “external”) cost. That means there will be a constant effort to destroy regulatory bodies or “capture” them. The u.s. government is now one big object lesson in that process. Because the rich/corporations make the laws, control money and the state, they also make “policy” or “laws” that funnel more to the top – and that means they are making us poorer and more vulnerable. International trade agreements work exactly the same way. Capitalism, in the form of corporate control, does the job of crafting regulatory bodies and agreements that make corporations richer and poison, immiserate, and kill the rest of us.

Another easily seen part of the corporate capture of government involves the rich buying politicians. They always came cheap and because of the just explicated processes, there are no constraints on campaign contributions either. Oh, and corporations have more rights than people – and corporations are legally people. But one of the most popular legal bribes comes in the form of the paid speech. Not coincidentally, it’s usually the first thing a president or any high government official does as soon as they leave office. They can’t wait to get to the payoff trough. Often it’s a speech to goldman sachs or an oil company, but only the high profile politicians get the $200,000/speech payoffs. The rest can usually be purchased with petty cash. Of course, a million here and million there is petty cash to corporations.

All of this contributes to the further consolidation of capital (which obviously increases inequality) and has led us to multiple crises coming together at once – and the creation of new crises as well. Voting will not get us out of it. Liberal tinkering around the edges will not save us. Getting radical (changing the system at the root) is the only way forward. We will have to do it by organizing ourselves, unifying, and creating another system that is not based on the exploitation of the earth and everything living on it. Socialism or barbarism was once offered as a pithy way to describe the choice. We can argue about what to label a new way of living and structuring life on planet earth, but it can’t be the neoliberal corporate capitalist system we have now, and we all have to be involved in organizing ourselves and unifying to become a force powerful enough to challenge the capitalists ruining the chance for continued human life on this planet.

Whatever group or organization you join (or start), work to make it as (small d) democratic as possible and work toward making connections with other groups. When groups can come together and unify internationally, we will have the beginning of a chance to challenge the power of the capitalist class. It sounds fantastical and crazy – and as things exist today, it seems impossible – but it is the only way to get off the path that leads directly to mass extinction. The choice seemed obvious when it was phrased as socialism or barbarism. That was another time. And because “we” chose barbarism (and capitalists made war against socialism), now the choice is socialism or the extinction of the human species. Again, if you don’t like the word socialism, call it something else, or think of something else. The point is that we all have to act, together, as one. We start by joining with others to help struggling people. Not as a charity, but in solidarity. That is the way forward. As you help others – with others – you will help yourself, in ways you can’t even imagine. If it is done in an organized, unified way – with a plan, strategies, and goals – it can change the course of the world.

@chunkymark made a movie: This is Not a Recession, It’s a Robbery [Repost from 3/10/14 (My & his analysis still stands)]

In the past few years, capitalists (corporations, the filthy rich, finance, insurance, oil, big pharma, big ag, and war mongers, to name a few) have significantly stepped-up their buying of governments worldwide. They have been busy putting the money they’ve stolen from us to use, purchasing politicians and imposing neoliberal policies on us all.

At the core of those policies is privatization. Privatization involves transferring the ownership of public wealth from the people to private for-profit corporations. That, along with the 2007-08 crisis, has resulted in a massive transfer and consolidation of wealth that literally kills, criminalizes, impoverishes, and controls, whilst making the rich, much, much richer.

Another tenet of neoliberal ideology (or tactic if you prefer) is the imposition of austerity. Essentially, austerity takes away critical resources from citizens – especially the most vulnerable. This goes hand in hand with a perennial corporate favorite: deregulation. Deregulation weakens regulatory agencies and gets rid of laws that protect citizens by either weakening them or replacing them wholesale.

The all-out assault on the UK by neoliberal corporate power has been extreme.  It has killed thousands and impoverished many more.  It is remaking the entire society before people’s eyes.   It is difficult to overstate the rapidity and viciousness with which this is taking place.  And if you are an average citizen outside of the British Isles, you probably have no idea it’s happening at all.

Mark McGowan, AKA The artist taxi driver, AKA Chunky Mark, is a working class bloke in London. He has been watching it all happen with shock, horror, and disbelief and is just trying to make sense of it all. He shoots videos in his cab before he starts work in the morning and posts them on youtube. Over the years, he has also managed to interview people from almost every walk of life. This movie is a collection of those commentaries and interviews.

From what I’ve been able to glean, Mark is a concerned citizen, father, artist, activist – and has a pretty good sense of humor to boot. He’s smart, sincere, frightened, concerned, and wants justice. What comes through again and again is his empathy, his humanity. He wonders aloud what many of us think every day: why are the people in power so sadistic and why aren’t the rest of us doing something about it?  He screams and rants and rages quite loudly, and a bit more than occasionally. I’ll leave out any discussion of how much might be performance because I think it is his genuine immediate reaction to what is happening – and because I think it’s appropriate. It seems a much more human response than what I see from most people. He may or may not realize it, but his pauses and sighs have an even bigger impact than the yelling. But I digress…

Though you may not be familiar with UK politics, much of what Mark is covering should sound very familiar. It should be obvious by now that this corporate neoliberal agenda is not unique to the UK. In fact, neoliberalism as we know it was born in the u.s.a. (at the University of Chicago to be exact). While the u.s. doesn’t have an NHS to dismantle, it’s healthcare was given over to corporations long ago.  Schools are another matter.  The neoliberals have been busy here demonizing teachers, attacking unions, and attempting to privatize public schools.  State pensions (which most americans don’t even possess) have been raided (through fees, budget cuts, legislation, and fraud) and everyone who has a pension is funding speculation. That money is at risk of being lost. (For those of you reading this in the future: Yes, the derivatives your pension fund helped inflate into a massive toxic bubble that burst are the reason they’re giving for cutting your pension.)  The corporate neoliberal model is being imposed all over the world: India, Turkey, Brazil – most of Europe…the list is long.  Just look for bought-off politicians selling off the state to corporate “interests” and media imitating the u.s. and the picture should become very clear.

Of course this film and Mark’s youtube videos aren’t the be all end all source for information, but I like Mark’s DIY spirit, his frustration, his sense of urgency, his passion and humanity.  Things sorely lacking from most people I see.

Caveats: For those with delicate sensibilities, there is a lot of swearing in this film. If you’re still living in another century it may be time to travel to the present. As I said in the beginning, Mark is just a guy trying to understand what’s going on. I think he has done a damn good job of zeroing in on root causes, but – as with most people – he is just as susceptible as the next guy to occasionally trodding down the wrong path. For example, Alex Jones makes a very brief appearance in the cab. He is an american “shock jock” who mixes wacky conspiracy theories with facts and dangerous ideas; so, in the end, it’s best to dismiss him totally. There are so many people with sane analyses, there is really no reason to pay him any attention except as comic relief.

Max Keiser also makes an appearance. While Max does offer some good analysis of financial criminal behavior, he is a capitalist and he shares the libertarian utopian idea that if we only had “true free markets” we could have good capitalism (but in the meantime, he is a regular old capitalist). If one knows enough to see through that and can suss out the useful bits of his analysis, have at it – but really, there are hundreds of other more reputable sources out there who aren’t selling their own bitcoins, etc…

So, with those caveats, watch the film to be entertained, see a slice of life, and hopefully get a sense of what’s happening, because whether you know it or not, some version of everything detailed in it is probably happening where you live.

~ Cheers

Fuck work: The case against full employment, and for guaranteed income. [from @thisishellradio podcast]

This is a must listen interview from a must listen podcast:

James Livingston Interview

“Historian James Livingston examines the deep problem with employment in the 21st century – the broken relationship between work and income, and explains why we must look beyond capitalism’s intellectual decrepitude, and to the rising rate of transfer payments, if we are to reclaim our labor, our happiness and our time from the demands of capitalism.

“The end of work is in sight. The connection between work performed and character created, or work preformed and income received is absolutely unintelligible – so let’s get on with a society in which there doesn’t have to be a relationship between work and income. Let’s get on with what we used to call ‘Socialism.'”

James is the author of the new book, No More Work: Why Full Employment Is a Bad Idea from UNC Press and the Aeon essay Fuck Work.”

Looking for a stellar political podcast and news site? Check out Black Agenda Report

BlackAgendaRadio_AlbumArt

Click image above to go to site.

 

BAReport
Click above to go to site

In the fall of 2006, Glen Ford, Bruce Dixon, Margaret Kimberley and Leutisha Stills of CBC Monitor left Black Commentator, which Ford had co-founded and edited since 2002, and launched Black Agenda Report.
Check it out. Well worth your while…

 

If you don’t know, now you know [#Ferguson][@bellaeiko][Please RT]



Broadcast live streaming video on Ustream

I recommend watching the whole thing, but if you don’t have the time or the patience, start at 00:49:00. It gets better and better. It’s not about whether you agree or disagree with everything people are saying. It’s about understanding, but there is a whole lot of truth here. And then even if you can’t empathize, you can sympathize – and then you can support and ideally get involved. If you think this doesn’t affect you because you’re not black or poor, you might want to think harder.

Bella had to leave (you can bet she’ll be back), but there are other livestreamers and posters who will probably start broadcasting and posting later today. Here are their twitter handles:

@bassem_masri
@argusnewsnow
@anonopspro
@Rebelutionary_Z
@STLAbuBadu
@stlouisx50

Bella Eiko was responsible for the video and conversation above. If you want to contribute to her efforts, this is her paypal address: Bellaeikomedia@me.com

Story style links [#1]

Click on any sentence below to be taken to the story:

If the median household’s income is heading upward, the economy is in good shape. If it’s heading downward, as it’s been for this entire recovery, we’re all in deep trouble. Advocacy groups who sought a moratorium on shutoffs testified last week that the Detroit Water and Sewerage Department’s policies of mass shutoffs — 19,000 in recent months — are leaving low-income households with seniors and children without water service. INTERVIEWER: Do you think of yourself as a feminist? SONTAG: That’s one of the few labels I’m content with. But even so…is it a noun? I doubt it. In the current recovery, at least through 2012, the bottom 90 percent actually lost ground, with all of the income gains being grabbed by the wealthiest 10 percent of American households.

Boston College professor Ed Kane says: “This is really a crime wave. [Wall St.] is really stealing from the taxpayers…”

Almost every sentence should make you quake in fear. What can one say anymore…It’s pretty clear we the people have to stop these fuckers. Those words fall flat, don’t they? They sound ironic and trite. And they are just words, because the “I” has triumphed. The “we” seems to be a rapidly receding memory. The class war was waged and won, and now the victors are raping and pillaging the conquered, squeezing every last drop of blood. We are ignorant, overwhelmed, atomized, disconnected from history, we are scared, rushed, fatigued, numb, despondent, in denial – or worse, we are happy and comfortable and blissfully unaware.
More words floating in cyberspace…

This entire tableau is responsible for the stream of zombie, vampire, apocalypse, and dystopic images that now seem to make up a great deal of our “entertainment.”

We are projecting our lived and psychic experience
onto screens
– and we are filling the world with them.
Ubiquitous and addictive,
they are creating a pathological feedback loop in our brains
and what’s left of our souls.
We are hypnotized by images of our own demise.
Twisted fantastic things from the unconscious,
realities preemptively pushed out of consciousness
bubbling up and pouring out in our creations.
We stare zombie-like
into the screens
as everything is stolen
and a kind of corporate feudalism is imposed on us
by the thieves
who are robbing us blind.

@chunkymark made a movie: This is Not a Recession, It’s a Robbery

In the past few years, capitalists (corporations, the filthy rich, finance, insurance, oil, big pharma, big ag, and war mongers, to name a few) have significantly stepped-up their buying of governments worldwide. They have been busy putting the money they’ve stolen from us to use, purchasing politicians and imposing neoliberal policies on us all.

At the core of those policies is privatization. Privatization involves transferring the ownership of public wealth from the people to private for-profit corporations. That, along with the 2007-08 crisis, has resulted in a massive transfer and consolidation of wealth that literally kills, criminalizes, impoverishes, and controls, whilst making the rich, much, much richer.

Another tenet of neoliberal ideology (or tactic if you prefer) is the imposition of austerity. Essentially, austerity takes away critical resources from citizens – especially the most vulnerable. This goes hand in hand with a perennial corporate favorite: deregulation. Deregulation weakens regulatory agencies and gets rid of laws that protect citizens by either weakening them or replacing them wholesale.

The all-out assault on the UK by neoliberal corporate power has been extreme.  It has killed thousands and impoverished many more.  It is remaking the entire society before people’s eyes.   It is difficult to overstate the rapidity and viciousness with which this is taking place.  And if you are an average citizen outside of the British Isles, you probably have no idea it’s happening at all.

Mark McGowan, AKA The artist taxi driver, AKA Chunky Mark, is a working class bloke in London. He has been watching it all happen with shock, horror, and disbelief and is just trying to make sense of it all. He shoots videos in his cab before he starts work in the morning and posts them on youtube. Over the years, he has also managed to interview people from almost every walk of life. This movie is a collection of those commentaries and interviews.

From what I’ve been able to glean, Mark is a concerned citizen, father, artist, activist – and has a pretty good sense of humor to boot. He’s smart, sincere, frightened, concerned, and wants justice. What comes through again and again is his empathy, his humanity. He wonders aloud what many of us think every day: why are the people in power so sadistic and why aren’t the rest of us doing something about it?  He screams and rants and rages quite loudly, and a bit more than occasionally. I’ll leave out any discussion of how much might be performance because I think it is his genuine immediate reaction to what is happening – and because I think it’s appropriate. It seems a much more human response than what I see from most people. He may or may not realize it, but his pauses and sighs have an even bigger impact than the yelling. But I digress…

Though you may not be familiar with UK politics, much of what Mark is covering should sound very familiar. It should be obvious by now that this corporate neoliberal agenda is not unique to the UK. In fact, neoliberalism as we know it was born in the u.s.a. (at the University of Chicago to be exact). While the u.s. doesn’t have an NHS to dismantle, it’s healthcare was given over to corporations long ago.  Schools are another matter.  The neoliberals have been busy here demonizing teachers, attacking unions, and attempting to privatize public schools.  State pensions (which most americans don’t even possess) have been raided (through fees, budget cuts, legislation, and fraud) and everyone who has a pension is funding speculation. That money is at risk of being lost. (For those of you reading this in the future: Yes, the derivatives your pension fund helped inflate into a massive toxic bubble that burst are the reason they’re giving for cutting your pension.)  The corporate neoliberal model is being imposed all over the world: India, Turkey, Brazil – most of Europe…the list is long.  Just look for bought-off politicians selling off the state to corporate “interests” and media imitating the u.s. and the picture should become very clear.

Of course this film and Mark’s youtube videos aren’t the be all end all source for information, but I like Mark’s DIY spirit, his frustration, his sense of urgency, his passion and humanity.  Things sorely lacking from most people I see.

Caveats: For those with delicate sensibilities, there is a lot of swearing in this film. If you’re still living in another century it may be time to travel to the present. As I said in the beginning, Mark is just a guy trying to understand what’s going on. I think he has done a damn good job of zeroing in on root causes, but – as with most people – he is just as susceptible as the next guy to occasionally trodding down the wrong path. For example, Alex Jones makes a very brief appearance in the cab. He is an american “shock jock” who mixes wacky conspiracy theories with facts and dangerous ideas; so, in the end, it’s best to dismiss him totally. There are so many people with sane analyses, there is really no reason to pay him any attention except as comic relief.

Max Keiser also makes an appearance. While Max does offer some good analysis of financial criminal behavior, he is a capitalist and he shares the libertarian utopian idea that if we only had “true free markets” we could have good capitalism (but in the meantime, he is a regular old capitalist). If one knows enough to see through that and can suss out the useful bits of his analysis, have at it – but really, there are hundreds of other more reputable sources out there who aren’t selling their own bitcoins, etc…

So, with those caveats, watch the film to be entertained, see a slice of life, and hopefully get a sense of what’s happening, because whether you know it or not, some version of everything detailed in it is probably happening where you live.

~ Cheers