14 June 2008
A People's History of The United States: Highlights from the 20th Century, Howard Zinn and Matt Damon
Posted by Doug at 11:58 AM
Labels: Anarchism, Bush, Civil Liberties, Class Warfare, Democracy, East Asia, Empire, Europe, Fascism, Feminism, Free Audio, History, Immigration, Iran, Iraq, Latin America, Middle East, Military-Industrial Complex, Neoliberalism, Nuclear Weapons, Oil, Race, Social Movements, Southeast Asia, Zinn
13 June 2008
Move over Las Vegas. The big time gamblers are on Wall Street and they are gambling with your money, your pensions, and your livelihoods.
Unlike Las Vegas casinos, these big investment banks, commercial banks and stock brokerage houses are supposed to have a fiduciary relationship with your money. They are supposed to be trustees for the money you have given them to safeguard, and tell you when they are making risky investments.
Because Washington, D.C. has increasingly become corporate-occupied territory, the Wall Street Boys have been taking even greater risks with your money. The more they produce cycles of financial failure, the more they pay themselves through their rubberstamp boards of directors.
With each cycle of failure, the burden of government bailouts grows larger, meaning debt, deficit and your tax dollars. The Savings and Loan collapse in the late Eighties—costing before the bailout instruments are paid off at least $500 billion, looks small by comparison with what is going on today.
Why is it that these financial bosses never learn? Because they never pay for their gambling. They may be let go, as happened recently to the CEOs of Merril Lynch and Citigroup, but they ride away from their managerial wreckage loaded with compensation and severance gold. Some of it is clearly hush money from those buddies they left behind.
Now comes the latest installment of disastrous management that has been running the venerable Wall Street investment bank, Lehman Brothers. With its stock plummeting because of avaricious risktaking with other people’s money, mixed up with their huge pay packages, Lehman Brothers’ employees look to their leader, Richard S. Fuld. For some time, he and his fellow executives would exude confidence about their ability to manage their risking financial instruments compared to their tanking competitors.
This week, the Lehman Emperor really had no clothes. Mr. Fuld reported a staggering $2.8 billion loss in the second quarter, exceeding the most dire forecasts. Even the hedges that Lehman used to temper the losses from its mortgage investments soured, adding to the losses.
It was just last April that Mr. Fuld announced his belief that “the worst is over” in the markets. For this type of management, he got paid $40 million last year, or nearly a million dollars a week, not counting vacations.
The Wall Street Boys, like all charlatans, develop words and phrases to dress up their megagambling practices. They say they are trying to avoid a “crisis of confidence” when these proclaimed capitalists go to Uncle Sam for a socialistic bailout. That only increases the “moral hazard”—another euphemism—and sets the stage for another round of reckless Wall Street Goliaths being deemed “too big to fail”.
One of Wall Street’s sharpest analysts—Henry Kaufman—believes that the “too big to fail” phenomenon undermines market discipline and encourages the smaller firms to merge with the larger companies to avail themselves of Washington’s bailout criteria.
Writing in the Wall Street Journal last August, Mr. Kaufman acutely traces the growth of ever more complex, abstract financial instruments, removed from their empirical underpinnings in the economy, accelerated by the lightening speed of computerized transactions. He called for “increased supervision over financial institutions and markets.”
“Supervision” was once called federal regulation. Call it what you will, Mr. Kaufman is not expecting anything soon. He writes: “In today’s markets, there is hardly a clarion call for such measures. On the contrary, the markets oppose it, and politicians voice little if any support. For their part, central bankers [read, the Federal Reserve] do not posses a clear vision of how to proceed toward more effective financial supervision.”
Though couched in polite, non-normative language, this is a very troublesome indictment of corporate intransigence and regulatory paralysis. Since August 2007, the situation has gotten worse with the Wall Street Boys producing more huge losses and phony asset valuations.
A few weeks ago, former Federal Reserve Chairman, Paul Volcker, delivered an address in New York voicing similar worries and calls for “supervision,” as did Mr. Kaufman, though in his own inimitable style.
Other astute, former men of Wall Street, have raised alarms about the stock and derivatives marketplace, including former SEC chairman, Arthur Levitt and William Donaldson. Long before anyone came cautionary wisdom of John Bogle, who pioneered stock market indexing and launched Vanguard Fund. (See his new book, The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns)
Still, there is no regulatory action in Washington which doesn’t even move on behalf of consumers to regulate the New York Mercantile Exchange where rampant speculation, not supply and demand, decides what you are paying for gasoline and heating oil.
With the politicians sleepwalking in Washington, while their campaign pockets are filled by Wall Street cash, isn’t it time for the people of America to rouse themselves civically and politically? Act before the financial sector, using your money, shreds itself under the weight of its own top-heavy greed and cliff-hanging mismanagement.
For starters, start demanding more from your politicians, much more!
Ralph Nader is running for president as an independent.
12 June 2008
11 June 2008
Posted by Doug at 1:24 PM
Labels: 2008 Presidential Election, Bush, Civil Liberties, Class Warfare, Democracy, Education, Empire, Fascism, Global Warming, Globalization, Going Green, Healthcare, History of Technology, Infrastructure, Iran, Iraq, Israel, Journalism, Memoir, Military-Industrial Complex, Nader, Neoliberalism, Palestine, Privatization, Propaganda, Psychology, Realism, Spineless Democrats
10 June 2008
Throwin' around that term, "fascist," to continue a thread from last post.... This is truly hilarious and utterly transparent (as to reasons why -- it's all down to dollars, market share, etc.). Watch Bill Moyers take care of the Fox flunky -- one of many -- sent to hound him.
In case his on-air antics weren't proof enough, here's evidence of Bill's stupidity and violence:
Yup; yours truly wrote this; just published in first volume, first issue of Nova Águia, a new journal (mostly Portuguese, but my and other non-Portuguese-speaking folks' essays were left in the original alongside the translation). I had to stop myself rewriting this, again -- not too pleased with it. Anywho, here 'tis:
“This Land’s a Homeland?”
“Bush is a fascist!”
Such statements have been heard around the
The word Fascism has now no meaning except in so far as it signifies ‘something not desirable’…Words of this kind are often used in a consciously dishonest way. That is, the person who uses them has his own private definition, but allows his hearer to think he means something quite different. Statements [containing such words]…are almost always made with intent to deceive.
Of course, Orwell knew very well exactly in what fascism consists. Moreover, Orwell was a student of language and propaganda, as tough (if not tougher) on his fellow socialists as he was on those on the right. Clearly, he knew that each of those “meaningless words” had a quite precise and politically crucial meaning. What he objected to was the mindless (and mindful) debasement of language—and thus of thought. I find it hard to disagree with such an objection.
So, following Orwell, we ought to be precise about what we mean by fascism. Definitions abound. I prefer Umberto Eco’s fourteen-part attempt, which I will summarize and closely paraphrase below:
- A cult of syncretistic tradition.
- The rejection of modernism.
- A cult of action for action’s sake.
- The equation of disagreement with treason.
- An overwhelming fear of difference.
- An appeal to a frustrated, economically disadvantaged middle class. (One might say that the ever-present frustration of an exploited middle class is itself exploited by the fascist state apparatus in order to mobilize the populace against internal and external enemies.)
- A social identity based on the mystic chords of Nation and constantly besieged by internal and external plots and threats.
- A metronomic oscillation between feelings of superiority and inferiority toward all enemies, foreign and domestic.
- The notion of life as permanent warfare.
- A species of anti-intellectual mass or popular elitism, as part of the appeal to the bourgeoisie.
- Hero-worship, and elevation of the Hero to the goal of citizenhood.
- A machismo that transfers the will to power to the sexual realm, punishing all deviance from traditional roles.
- A qualitative populism, or, a monolithic General Will, interpretable only by the Leader’s mystic connection with, and through his embodiment of, that Will. Parliaments, by definition wholly corrupt and parasitic, are excluded from that mystic connection between Leader and People, and are thus superfluous.
- Newspeak as the lingua franca.
I cannot peruse this list without a vertiginous feeling, having seen my country deteriorate so openly since
* * *
The notion of a cabinet-level Department of Homeland Security was first introduced by a conservative Democrat, Joseph Lieberman of
Unopposed was the use of the term “homeland” to describe the
* * *
So, what’s in a word, and what’s “homeland” got to do with fascism? Quite a bit on both counts, actually. Pick a speech of Goebbels’ at random—say his famous Sportpalast speech on total war from
Fine, you say, “homeland” was used both by post-9/11 American and Nazi politicians and media figures. So what? Surely many other terms were also used by both, such as “auto” and “beer.” I grant you that, of course. Hitler was a vegetarian. So am I. Am I thus polluted by fascism? Clearly not.
To judge the matter appropriately, we must return to Eco’s list and consider the use of “homeland” against the backdrop of the political landscape of post-9/11
A cult of syncretistic tradition. Syncretism is the attempt to unite disparate, often mutually contradictory tenets within a belief system in a manner that leaves the minimal remainder of cognitive disso
The rejection of modernism. Without diving into an endless debate on just what “modernism” means, let’s instead reflect more profitably on the backlash against the increasing level of civilization in the United States since the 1960s, a backlash that is virtually u
A cult of action for action’s sake. In the name of defending the homeland, both Republicans and Democrats maintain that we must “go on the offense,” leaving pesky issues like international law—and even common sense—to limp-wristed navel-gazers. As Chomsky has so often pointed out, debate on foreign policy is limited to tactics: for example, how much scorn should we heap upon “a foreign veto” over our desire to commit aggression at whim unilaterally? Find me a difference among John Kerry, Barack Obama, John McCain, Hillary Clinton, Mitt Romney, and George W. Bush on that score. For more on this always-present element in American life, see Richard Hofstadter’s classic book on anti-intellectualism.
The equation of disagreement with treason. For several years after 9/11, this point was too obvious to ignore. Even now, fear of invasion of the homeland reigns—and too often reins in healthy debate on non-tactical policy differences. At least in elite circles.
An overwhelming fear of difference. Fear has been nurtured like viper in the bosom of
Perhaps I may drop the italicized tags, as the elements of Eco’s definition now begin to blend into one another. Our increasingly disappearing middle class is well and truly pissed off, and who can blame them? The question is, who will they blame, especially as the economy takes a serious nose dive in 2008? Manipulators abound, but corporate power is such in this business-run society that the target will most likely not be the true culprits but some collection of Goldsteins, both here and abroad, all poised to attack “real Americans.” Unsurprisingly, these shadowy enemies, such as Al Qaida—another term ready for inclusion in Orwell’s pantheon of meaningless words—are both on the run and ready to strike; almost destroyed (how many “top Al Qaida operatives” have we caught or killed at this point?), but always arising. Ironically, American foreign policy ensures asymmetric retaliation, so there actually is some truth to this fear, but the political uses of these
As for permanent war, well, we’re in it, by all accounts, “left” and “right.” A hundred years’ war; a clash of civilizations—a permanent war against anyone not “with us.” Since the bubble of fear can only be burst by calm rational thought, such an attitude is considered treasonous. In order to test this claim, one need only bring up possible explanations, other than the innate perfidy of Al Qaida, for why 9/11 occurred at a dinner party. Of course, bereft of rational thought in a climate of constant fear, who can one turn to but Our Dear Leader? After all, his brush-clearing abilities are well-noted, and his orchestrated landings on aircraft carriers (in what I can only assume was some kind of 21st-century codpiece) and “surprise” appearances at military bases at home and abroad let us all know that Big Brother is indeed watching over the Homeland, even if he’s spending most of his time on the homestead and taking time out from playing Aragorn to rail against gay marriage. Finally, as for parasitic parliaments, the much-ballyhooed Democratic takeover of the Congress in 2006 did far less than most expected to turn the legislature into something other than a rump parliament, as any perusal of key votes on war funding, surveillance, and so forth will amply demonstrate.
And so we come to Newspeak, and thus to “homeland,” an interesting term that holds a meaning well beyond the geographical. It plays on jingoistic, even racist, notions of Blood and Soil; encourages disdain for and fear of Ausländer; prevents identification with our victims; and blinds us to our manipulation by our owners. It is unquestionably a fascist term, both in its history and in its current use in American political culture.
We now know what’s in the word “homeland.” By its political context ye shall know it. Perhaps what we will eventually need in the
* * *
Of course, things are not entirely as gloomy as all that. Some of the argumentation above is consciously forced, and thank god it is. Even with our increasingly corporatized state and disappearing liberties, we are not quite fascist yet. Which leads me, finally, back to the
Bush’s handlers have put much effort into projecting him as The Leader: to focus solely on him is in itself Leader-worship. Bush himself is not the problem. Rather, as Sejanus was told by one of his victims in the television version of I, Claudius, he is merely the putrefaction, not the plague itself. As Camus noted, the plague is in all of us. We are all proto-fascists now, and we should resist the false comfort I see spreading over the land, whether in
For we do indeed have a homeland. It is our planet, and there doesn’t seem to be another one nearly as nice within easy reach. Its hospitality is not boundless; our species is under extreme threat—from nuclear holocaust, environmental catastrophe, and emergent diseases. These are real threats, and they are really frightening. They may be insurmountable. That is no excuse for not making an attempt. In The Lion in Winter, when Geoffrey upbraids his brother Richard (later to acquire a lion’s heart at Palestine’s expense) for thinking that the way in which one fell actually matters, Richard, perhaps channeling Camus, replies, “When the fall is all there is, it matters.” An unfortunate taste for crusading aside, he had hit on a point of some general value.
So, once the noise is filtered out, the signal is clear. If we do not learn to see our species as one community made up of equals—if we, all of us, do not truly globalize those Enlightenment-era revolutions, extending the values of equality, fraternity, and liberty to their logical political and economic conclusions without exception, then the human species will prove itself unviable. And we must be honest with ourselves, if we are truly adults: even if we do achieve that seemingly utopian but nevertheless clearly necessary goal, we may still fall, and soon. The universe is not equipped to care about us.
We, however, potentially, are.
 George Orwell, “Politics and the English Language,” in George Orwell: Essays, selected and introduced by John Carey (
 Senate Committee on Governmental Affairs, “Lieberman, Specter Offer Homeland Defense Legislation[:] Proposals Will be Reviewed at Friday Hearing,” United States Senate, http://web.archive.org/web/20030709220622/http:/govt-aff.senate.gov/101101homedefpress.htm (accessed
 Office of the Press Secretary, “Press Briefing by Ari Fleischer,
 THOMAS, “S. 2452: National Homeland Security and Combating Terrorism Act of 2002” The Library of Congress, http://thomas.loc.gov/cgi-bin/query/C?c107:./temp/~c107bh7s21 (accessed
 Department of Homeland Security, “President’s Letter,” National Strategy for Homeland Security, October 2007, The White House, http://www.whitehouse.gov/infocus/homeland/nshs/2007/letter.html (accessed
 For example, from the right, Peggy Noo
 Richard Hofstadter, Anti-intellectualism in American Life, New Edition, (New York: Vintage, 1966).
 The White Rose was an extremely courageous group of students who tried to organize resistance against the Nazi regime. The ringleaders were caught on the same day as Goebbels’ Sportpalast speech, and later executed. But that shouldn’t unduly discourage you.
This 26 minute extra feature is a collection of interviews recorded in April 2007 that addresses the question on everyone's mind, "If we couldn't prevent a war with Iraq, how can we prevent a war with Iran?" This is NOT the feature film "IRAN (is not the problem)". Please visit www.iranisnottheproblem.org to learn more.
Posted by Doug at 2:52 PM
Labels: 2008 Presidential Election, Bush, Democracy, Education, Empire, Europe, Feminism, Free Video, Gender, Hillary, History, Iran, Iraq, Memoir, Middle East, Military-Industrial Complex, Neoliberalism, Obama, Oil, Privatization, Propaganda, Social Movements, Spineless Democrats
Click above to see this in context:
Remember, these twelve issues represent the tip of the political iceberg. But they are indicative of the corporate domination of the Democratic and Republican parties. There are many more where these came from. We’ll be adding them as we go along. Click on any of the issues below for more information
Posted by Doug at 11:13 AM
Labels: 2008 Presidential Election, Bush, Civil Liberties, Class Warfare, Democracy, Empire, Global Warming, Globalization, Going Green, Healthcare, Human Rights, Impeachment, Iran, Iraq, Israel, McCain, Middle East, Military-Industrial Complex, Nader, Neoliberalism, Obama, Oil, Palestine, Privatization, Spineless Democrats
More details; click above. A summary:
Iraqi lawmakers have released new details of Bush administration demands in talks over a long-term compact between Iraq and the United States. The negotiations are being held before the UN mandate authorizing the US occupation expires next month. According to the McClatchy Newspapers, Iraqi parliamentarians say the US has demanded control of at least fifty-eight military bases, as well as Iraqi airspace up to 30,000 feet. The fifty-eight US bases would nearly double the current total of around thirty bases. In what could be seen as a threat to Iran, the lawmakers also say the US has demanded rights that would effectively allow it to decide if another country is committing aggression against Iraq. The Bush administration does not consider its invasion and occupation an act of aggression against Iraq. But it’s repeatedly accused Iran of intervening in Iraq’s affairs. Iraqi lawmakers say they’ve rejected these proposals. The Independent of London reported last week US officials are leveraging tens of billions of dollars in seized Iraqi assets to push through its demands, which also include complete immunity for American soldiers and contractors. A leading lawmaker from the Islamic Supreme Council of Iraq called the US proposals “more abominable than the occupation.” The lawmaker, Jalal al-Din al-Saghir, said, “Now we are being asked to sign for our own occupation. That is why we have absolutely refused all that we have seen so far.”
09 June 2008
Posted by Doug at 6:29 AM
Labels: Chávez, Chomsky, Civil Liberties, Class Warfare, Democracy, Education, Empire, Food, Free Video, Globalization, Healthcare, History, Housing, Human Rights, Journalism, Latin America, Military-Industrial Complex, Neoliberalism, Oil, Participatory Economics, Privatization, Propaganda, Race, Social Movements