Posts Tagged ‘late capitalism’
Monday Morning Links
* Local police deploying SWAT teams against friendly poker games and barbering without a license. Insanity.
* Over the past year and a half, in the wake of Thomas Philippon and Ariel Resheff’s estimate that 2% of U.S. GDP was wasted in the pointless hypertrophy of the financial sector, evidence that our modern financial system is less a device for efficiently sharing risk and more a device for separating rich people from their money–a Las Vegas without the glitz–has mounted.
* Inside the multimillion-dollar essay-scoring business.
* How the University Works, 1965: Football Game Continues as School Burns. More links below the picture.
* Russian Billionaire Dmitry Itskov Plans on Becoming Immortal by 2045.
* I’m nursing a pet theory. Which is that there are actually four main political parties in Westminster: the Conservatives, Labour, the Liberal Democrats, and the Ruling Party.
The Ruling Party doesn’t represent the general electorate, but a special electorate: the Alien Invaders and their symbiotes, the consultants and contractors and think-tank intellectuals who smooth the path to acquisition of government contracts or outsourcing arrangements — the government being the consumer of last resort in late phase consumer capitalism — arrangements which are supported and made profitable by government subsidies extracted from taxpayer revenue and long-term bonds. The Ruling Party is under no pressure to conform to the expectations of the general electorate because whoever the electors vote for, representatives of the Ruling Party will win; the only question is which representatives, which is why they are at such pains to triangulate on a common core of policies that don’t risk differentiating them in a manner which might render them repugnant to some of the electorate.
* To make matters even worse for restaurant workers and diners, a spate of “preemption bills”—which bar localities from makings laws requiring paid sick leave—has been surging through state legislatures with the help of the American Legislative Exchange Council and the National Restaurant Association, one of ALEC’s members. The first of these bills was passed in May 2011 in Wisconsin. Last week, Gov. Rick Scott signed Florida’s version into law, making it the eighth state to preemptively block paid sick leave for its workers (and the 13th to try) in just two years.
* A depiction of the logical (and historical) tendency of the capitalist system to collapse.
* Everything old is new again: Female inmates sterilized in California prisons without approval.
* A visual history of Bruce Springsteen.
* NSA Rejecting Every FOIA Request Made by U.S. Citizens. The innocent have nothing to fear…
* The Southwest’s Forests May Never Recover from Megafires.
* And another great Saturday Morning Breakfast Cereal. I could post one of these every day.
Links from the Week
* As you may have seen on Twitter, the National Council of the American Studies Association endorsed Occupy Wall Street this weekend. Political Dissent in a Time of (Economic) Crisis.
* 147 Companies Control 40 Percent Of Global Transnational Corporate Wealth.
* Lenin’s Tomb challenges Occupy Wall Street on the subjects of consensus and demands.
In order for that clique to create full consensus on a decision, minority dissenters were often subtly urged or psychologically coerced to decline to vote on a troubling issue, inasmuch as their dissent would essentially amount to a one-person veto. This practice, called “standing aside” in American consensus processes, all too often involved intimidation of the dissenters, to the point that they completely withdrew from the decision-making process, rather than make an honorable and continuing expression of their dissent by voting, even as a minority, in accordance with their views. Having withdrawn, they ceased to be political beings — so that a “decision” could be made. More than one “decision” in the Clamshell Alliance was made by pressuring dissenters into silence and, through a chain of such intimidations, “consensus” was ultimately achieved only after dissenting members nullified themselves as participants in the process.
On a more theoretical level, consensus silenced that most vital aspect of all dialogue, dissensus. The ongoing dissent, the passionate dialogue that still persists even after a minority accedes temporarily to a majority decision, was replaced in the Clamshell by dull monologues — and the uncontroverted and deadening tone of consensus. In majority decision-making, the defeated minority can resolve to overturn a decision on which they have been defeated — they are free to openly and persistently articulate reasoned and potentially persuasive disagreements. Consensus, for its part, honors no minorities, but mutes them in favor of the metaphysical “one” of the “consensus” group.
* Still more critique of Occupy Baltimore and Occupy LA.
* Peak Oil and the Great Recession.
* How the Austerity Class Rules Washington.
* Exotic animal nightmare in Zanesville, OH.
* Two from Rolling Stone: The Keystone Pipeline Revolt: Why Mass Arrests are Just the Beginning and Climate Change and the End of Australia.
* Another climate skeptic bites the dust after finally bothering to look at the evidence.
“In fact, according to Rosenbaum the Justice Department attorney said, ‘We don’t believe that the VA has any authority or any responsibility to provide housing.”
* David Foster Wallace, “Attempted Fax Cover Sheet.”
* “Junot Diaz To Create The Dominican Superman.”
* The “Do cell phones cause cancer?” pendulum has swung back around again. This week they don’t.
* The Guardian reviews Murakami’s 1Q84.
* Steve Jobs reviews Barack Obama: Steve Jobs Told Obama He’d Be a One Term President.
* Jon Bon Jovi opens pay-what-you-can ‘soul kitchen.’
* And Boing Boing celebrates the expired patent for LEGO.
The Paid Detail Unit (Paging Margaret Atwood)
If you’re a Wall Street behemoth, there are endless opportunities to privatize profits and socialize losses beyond collecting trillions of dollars in bailouts from taxpayers. One of the ingenious methods that has remained below the public’s radar was started by the Rudy Giuliani administration in New York City in 1998. It’s called the Paid Detail Unit and it allows the New York Stock Exchange and Wall Street corporations, including those repeatedly charged with crimes, to order up a flank of New York’s finest with the ease of dialing the deli for a pastrami on rye.
The corporations pay an average of $37 an hour (no medical, no pension benefit, no overtime pay) for a member of the NYPD, with gun, handcuffs and the ability to arrest. The officer is indemnified by the taxpayer, not the corporation.
Progressives Need to Politicize Money
From a series of legal codes favoring creditors, a two-tier justice system that ignore abuses in foreclosures and property law, a system of surveillance dedicated to maximum observation on spending, behavior and ultimate collection of those with debt and beyond, there’s been a wide refocusing of the mechanisms of our society towards the crucial obsession of oligarchs: wealth and income defense. Control over money itself is the last component of oligarchical income defense, and it needs to be as contested as much as we contest all the other mechanisms.
Read Rortybomb. Via Krugman, who notes “the upshot is terrible: more and more, this really does look like the Lesser Depression, a prolonged era of disastrous economic performance. And it’s entirely gratuitous.”
