Ian Welsh

The horizon is not so far as we can see, but as far as we can imagine

Continued Privatization

Last year I wrote a fairly long article on why everything was being privatized: Western elites are in a duel where those who lose are squeezed out of the actual elite. They may still be rich, but they don’t have power. This duel is particularly dire in the US and the UK, but affects all Western countries to some extent and Anglo countries severely.

Since the real economy isn’t growing as much as it used to (and certainly less than measured), they have to steal from the commons and from government.

Consider the British Mail privatization of 2015, done by the Conservatives and the Liberals: the mail service had been owned by the Crown for five hundred years. Britain has privatized all its railways. Service has gone to shit. More literally gone to shit is the water system, where millions of tons of raw sewage are being dumped into Britain’s rivers and coast, while the water utilities pay massive dividends.

In Ontario, where I live, alcohol sales were, for generations, restricted to the “Liquor Control Board of Ontario” and the “Beer Store.” Are most recent Prime Minister, ex-drug dealer (this isn’t a slur, it’s a fact) Doug Ford, has reduced the duopoly,  and continues to do so. The most recent step is to allow corner stores to sell beer. Thing is, the LCBO and Beer store routinely make billions for the government.

(The Beer Store is run by Ontario’s brewers, they had a contract that ended in 2025 and the 225 million is buying out that contract early)

So this is going to cost Ontario a low estimate of 800 million or so a year. There’s also the fact that the LCBO and Beer Store are very good at checking IDs, so there’ll be a lot more under-age drinking, though I personally don’t care all that much. But social conservative types, one would think, would.

Ontario, since Covid, has a huge problem with hospital waiting times, both for emergency and regular services. Perhaps instead of giving away government money, Ford should spend it on that?

But the point is simple: this is privatization of profits, and ordinary people will pay for it: it has to result in increased taxes, reduced spending or increased public debt.

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How The Great Space Failure of the Seventies Doomed Industrial Society

The simplest fact about the Earth is that it has finite resources.

The simplest truth about this era is that we are burning through those resources faster than we can replace them: both renewable and non-renewable. This is deliberate: we chose planned obsolescence, for example, to juice profits without a corresponding increase in standard of living. We chose to subsidize suburbs and exurbs, which sped the destruction of the ecosphere. We destroyed the old transit networks of streetcars so GM and Ford could sell more cars, etc, etc…

Back in the 70s a series of books came out, starting with the Third Industrial Revolution. They explained how to move industry and energy generation off Earth.

I read it at the time, and was impressed and I’m given to understand it’s very influential in China, today: part of the blueprint of their plans for space.

We knew by the 70s that we were in trouble, the famous “Limits to Growth” had come out, there were widespread concerns about overpopulation and study of issues like energy ratios (how much energy it takes to produce a unit of energy. The lower that number, the more prosperous a society can be.)

But after the moon landing, the space budget was gutted and later so was research and development of technologies like solar power. The powers that be, and the population of the US at the time wanted the world to be as it had been, to hang on to the petrochemical economy, the cars, the suburbs with white picket fences and so on. They opposed change and wanted unearned wealth from asset price increases rather than earned money from real growth.

But the only way to save the old technological world was to change it, and the only way to overcome limited resources and to reduce pollution was to get the resources from space, and move the pollution off Earth. (Note that we’re not talking colonization of space: no huge habitats full of people. We’re talking using space for resources.)

If you wanted to “save” the old world, you had to go into space, big. Public investment on a massive scale was needed, while we still had the resources and while serious consequences of climate change and ecological collapse were still decades in the future.

But, well, most of the people voting and making decisions in the 70s and 80s knew they’d be dead before those consequences hit. It was easier, and, in the short run of a few decades, more profitable to do nothing. So instead of going big, they went small and thus didn’t do the one thing that could save their civilization from the limits of growth.

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Week-end Wrap – Political Economy – May 26 2024

by Tony Wikrent

Strategic Political Economy

The Middle-Out Moment Is Here

[Democracy Journal. Spring 2024, No. 72]

Eleven years ago, this journal published a symposium called “The Middle-Out Moment,” touting a new theory of growth no one had heard of. Today, everyone has heard of middle-out economics, but most people still don’t know exactly what it is. With this issue, we revisit the topic: naming its core tenets, touting its successes, acknowledging its hurdles and complexities—but still arguing forthrightly that this is the economic future the country needs.

A New Economics Takes Hold
BY NICK HANAUER DAVID GOLDSTEIN

Industrial Policy’s Triumphant Return
BY FELICIA WONG

Moving Past Global Neoliberalism
BY TODD TUCKER

 

Vladimir Roosevelt and Franklin Putin

Chuck Lindeberg, January 8, 2023 [VoteNo2BigDough Newsletter]

The prevailing popular understanding is Roosevelt and Churchill saw eye to eye on World War II grand strategy. In fact there were fundamental differences between them from the outset, as indicated by this exchange between the two heads of government at the Atlantic Charter conference held aboard ships anchored in Argentia Bay, Newfoundland, in August 1941:

“I [Roosevelt] am firmly of the belief that if we are to arrive at a stable peace it must involve the development of backward countries. Backward peoples. How can this be done? It can’t be done, obviously, by eighteenth-century methods. Now – “

“Who’s talking eighteenth-century methods?” [replied Prime Minister Winston Churchill]

“Whichever of your ministers recommends a policy which takes wealth in raw materials out of a colonial country, but which returns nothing to the people of that country in consideration. Twentieth-century methods include increasing the wealth of a people by increasing their standard of living, by educating them, by bringing them sanitation – by making sure they get a return for the raw wealth of their community.”

This disagreement was no mere tempest in a teapot. It played out in the deliberations of the Combined Chiefs of Staff that established the joint UK/USA strategy to be pursued, which in turn determined why, where and how many soldiers, sailors and airmen would be dying. From FDR down the Americans were determined no Americans should die to preserve the British colonial empire, and Churchill was determined the sun would not set on that Empire on his watch….

As we have seen President Roosevelt believed colonialism was the underlying cause of the wars of the 20th century. However he saw that a much more imminent threats existed and that were Facism and Nazism. Their appeal extended beyond Europe to the dictators the USA supported in Latin America and also, most disturbingly, to more than a few of America’s elite financiers and industrialists. Not to mention the southern wing of his own party, representing states the racist laws of which Hitler used as templates for Nazi legislation. Roosevelt felt it was so urgent the USA join the hostilities against Germany that he risked political suicide by deliberately putting the Pacific Fleet at risk. He understood that only a direct attack on the USA would overcome the America First movement that held sway right up to December 6, 1941. For Roosevelt, World War II was all about defeating Nazism in Germany so thoroughly the movement would never raise its ugly head again. Also it was likely the reason he pushed for the controversial phrase “unconditional surrender” as the ultimate war objective to be included in the Casablanca Conferences communique.

Well before World War II ended President Roosevelt, Vice President Henry Wallace, Secretary of the Treasury Henry Morgenthau, Treasury economist Harry Dexter White and Under Secretary of State Sumner Welles began planning for a post-war international structure intended to promote widespread prosperity, while minimizing incentives toward war. Historians have dubbed their program “Rooseveltian Internationalism,” and it envisioned two main thrusts: to foster the recovery of the war-torn countries; and to assist former colonies to become prosperous and truly independent sovereign states now that the decolonization movement was re-energized by the exhaustion of the European colonial metropoles. The plan was fully fleshed out when it was presented to the United Nations Monetary and Financial Conference held in the summer of 1944.

That gathering is better known by the name of the small resort town in New Hampshire where it was held, Bretton Woods….

But President Roosevelt died in April of 1945, 26 days before the end of the war in Europe and 4 ½ months before the surrender of Japan. This is widely assumed to be the turning point toward the demise of the Rooseveltian vision of the post-war world, however an equally significant pivot took place nine months earlier during the Democratic National Convention. About 10:00 PM July 20, 1944, the delegates were returning to their seats after marching around the floor of the Chicago Stadium celebrating the renomination of President Roosevelt by acclamation, and they were in a mood to do likewise for the incumbent Vice President Henry Wallace. At that point a cabal of southern Democrats and big city party bosses buttonholed the temporary chairman and leaned on him to gavel the session closed. There followed a sleepless night of wheeling and dealing. Wallace led the votes on the 1st ballot the following day, but he was short of the majority needed for the nomination. His support collapsed and Harry Truman, a machine pol from Kansas City in the border state of Missouri won the necessary majority on the 2nd ballot. Wallace was fully on board with Roosevelt’s domestic and internationalist agendas. Truman was not….

 

These Choke Points Pose Global Shipping’s Biggest Risks 

[Bloomberg, via Naked Capitalism 05-24-2024]

 

Global power shift

Quick Takes: Hamas, China Semis and More

It seems that the US has figured out that when you’re genociding someone, that helps the organization resisting genocide recruit:

Biden officials have also become increasingly concerned that Hamas has been able to recruit during wartime — thousands over the last several months. That has allowed the group to withstand months of Israeli offensives, according to a person familiar with U.S. intelligence.

Imagine that. People wanting to fight back against those who killed their women and children. Who would have thought such a thing would happen? It’s so contrary to human psychology.

I’ve been saying for years that the China would catch up on Semis. Here’s Philip Wong, Professor of electrical engineering at Stanford and TSMC’s Chief scientist:

“Years ago we had technical conferences and we see papers from China. Ah forget it! Just… Quality is so bad it’s not even competitive. That was probably in the 80s and the 90s.

Now they’re better than us. They’re better than us! If you look at papers, publications, data from key conferences in the chips business. […] You basically flipped. Years ago the US had the majority of the papers. I remember there were roughly about 40 to 50% of the papers from the US. And China, maybe 20-30 years ago, they were nowhere to be found.

Today, China and Asia, the papers, are more than 40%, almost close to 50%. And the US has steadily declined from 40-50% to 30 to 40%. And the rest of the world, principally Europe and Japan has basically fallen off a cliff.

So the research and development, the research capability in Asian countries, China, Korea, Taiwan, Singapore and so on have really become the strongest region. In terms of producing good quality research. I’m not just talking about quantity, it’s quality.

The only thing that I see… What the US is still little bit ahead is in coming up with the new ideas. What the Chinese always say: going from zero to 1. Namely starting from nowhere, nothing, and come up with this really new idea. And if I look at what I would call new idea that has not been discussed before, the US still is the principal place where these new ideas come from.

But once these new ideas become known, then… I feel it in my everyday research with my students. Any new ideas that we come up, once they become known… that this is a good idea. The next week it will show up in China. It will show up in China, only that they do it better than you. I can’t, cannot compete anymore. They have better resources, they have more students. They have more, more funding from the government. I cannot compete anymore. I have to get out of that field!”

Why anyone thought it would be otherwise is beyond me. China has more population, more engineers, more scientists and there’s no reason to believe they’re racially inferior. As for culture, China had the tech lead for about 80% of the last 2,000 years, so perhaps their culture doesn’t suck at such things.

Been a while since I wrote about climate. The news is all dog bites man–it’s getting worse.

By the way, if you want to see the coral reefs, don’t wait. This year or next. They’re dying fast and you’ll want to see them while there’s still much worth seeing.

Meanwhile it’s humorous to think of all the idiots whining about Russian influence, when the entire government of the US has clearly been captured by Israel. The political reaction to the ICC decision to indict Netanyahu is instructive:

Just a coincidence, I’m sure.

The best summary I’ve read of why Red Lobster (and a thousand other companies), went bankrupt.

All we did was force Red Lobster to sell its land to our other companies who rented it back at a mark up, force it to purchase marked-up supplies from our other companies, and then have it borrow a ton to pay c-suite bonuses, and boom, it went bankrupt just like that

So, yeah, it wasn’t the all you can eat offers. There’s no recovery for the US economy until PE is made illegal, along with all its practices.

If you wonder why I’m so down on England, take a gander at this. (And the France/Belgium numbers surprised me, at least.)

And, next, electrification progress by country:

So, basically almost ALL of the electrification increases come from China. India, of course, is still a third world country and that accounts for their numbers, but China’s numbers are part of a policy. When you combine that with the fact that China is installing most of the wind, water and solar energy in the world you should understand that China is the only country taking climate change seriously, though they’ve got a long ways to go and are using way too much coal.

This last chart is from 2022, not 2023, but if your eye is keen you’ll notice that China’s line has gone exponential.

Now, of course, per capita the US has more than China, but what matters is the acceleration: China has it and the US doesn’t. Give it another five years and they’ll be the per capita leader, and in ten they’ll be leave everyone else in the dust. Since this is government policy and since Chinese government policy tends to be effective and long term, this is close to a sure thing.

Quick takes are where I shake out everything I read which I thought was important but which didn’t quite rate an article.

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UN Can’t Feed Rafah Anymore

And soon, maybe not any part of Gaza. (Bear in mind that what they were feeding before was averaging something north of 200 calories a day according to some estimates I’ve seen.)

The United Nations suspended food distribution in the southern Gaza city of Rafah on Tuesday due to a lack of supplies and an untenable security situation caused by Israel’s expanding military operation. The U.N. warned that humanitarian operations across the territory were nearing collapse…

The U.N.’s World Food Program said it was running out of food for central Gaza, where hundreds of thousands of people are now living.

“Humanitarian operations in Gaza are near collapse,” said Abeer Etefa, a WFP spokesperson. If food and other supplies don’t resume entering Gaza “in massive quantities, famine-like conditions will spread,” she said…

…The U.N says some 1.1 million people in Gaza — nearly half the population — face

This is, of course, deliberate Israeli policy, abetted by the US. The Rafah crossing was closed during the latest invasion and such trucks as do attempt to provide aid from other directions such as Jordan are often stopped by protesters.

Again, policy, announced immediately after Oct 7.

Israel’s Defence Minister Yoav Gallant said it would impose a “complete siege” on the territory.

“No electricity, no food, no water, no gas – it’s all closed,” he said, adding that “we are fighting animals and are acting accordingly.”

This is genocide. It is intentional genocide. There is no way the casualty figures are as low as the Hamas health ministry has suggested: they can’t count all the deaths and they have reason to minimize them. At the end of this we are going to find a death toll in the low hundreds of thousands, minimum. The longer this goes on and the more effective the blockade, well, Israel could get damn near its full genocide.

Once more, I will be clear. The only solution to this is a single secular state where everyone has a vote and equal rights. De-Zionization will be necessary, when 98% of the population thinks the level of force used in this war is appropriate and when civilians are stopping food trucks, the entire society is rotten to core. No “truth and reconciliation” bullshit. People going to prison for life, or hung from the neck, starting with the entire war cabinet.

“Never again” was supposed to mean “never again for anyone”, not “people claiming to be Jewish can genocide and Europeans will support them out of guilt.”

Oh, and so far, as best I can find, no food from the pier has made it to a Palestinian.

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ICC Goes Off The Reservation & Issues Refferal For Arrest Warrants For Netanyahu & Hamas’s Leader

Karim Khan was endorsed by the US, UK and Israel. No one thought he’d be for war crimes prosecutions of Israeli officials. But he went for it and in an interview he said:

“I had some elected leader speak to me and be very blunt, this court [ICC] was built for Africa and thugs like Putin”

It’s hard to overstate how massive this is. Netanyahu can’t travel to Europe unless Europe gets rid of the Rome statute, in which case that’s pretty much the end of international law. Or they can hope these two prosecutions are all there will be, but if you’ve already gone after Netanyahu, why stop?

Of course the US can sanction the Criminal Court, but talk about a huge propaganda and legitimacy loss.

Turns out that open genocide is enough to even make some technocrats, almost certainly chosen for loyalty, rebel.

Don’t underestimate this. This is going to move the locus of legitimacy away from the US, hard.

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The Role of Character and Ideology in Prosperity

(First of two collections of important articles published 2014 or earlier. )

I want to take readers through some of my previous writing on ideology and character, and how they help form the societies in which we live. Taking the time to read these articles (a short book’s worth), should vastly improve your understanding of the world and the articles to come. It should be worth your time, even if you read the articles when they were previously published, as, at the time, they lacked both context and commentary, and were not collated to be read together so that the connections were obvious.

(I have a lot of new readers, so I’m going to republish this. These are some of the most important articles I have written–Ian)

Baseline Predictions for the Next 60 Years

While not an article about ideology, the above is an article about where our current ideology and character are going to take us: To the brink of disaster and possibly beyond, while continuing to impoverish and disempower larger and larger segments of the human race. This might be a slightly optimistic piece; there’s some reason to believe our actions in the world’s oceans could destroy the oxygen cycle, and if this is so, events will be much, much worse.

What Is an Ideology and Why Do We Need a New One?

Too many people think ideologies are some airy-fairy nonsense, while they themselves are “pragmatic” men and women operating on common sense and facts. Such people are amongst the greatest of all fools: Our entire society is based on interlocking ideologies; the primary of which are neoliberalism, capitalism, human rights, and socialism. It is not obvious, nor was it obvious to most societies that have ever existed, for example, that food should be distributed based on money, nor that ideas could be property. How we organize things, our particular ideas about markets and their role, and our ideas about who should lead us, are ideological. If we want to change society, we need to be able to control markets so they aren’t producing a world that makes us sick, unhappy, and, in increasing numbers, dead.

How to Create a Viable Ideology We may look at current trends and realize that if we don’t reverse them–and reverse them fast–billions will suffer or die; but creating an ideology which can reverse these trends requires us to understand what makes an ideology viable and powerful. An ideology which does not create believers willing to die, and to kill, on its behalf, will lose to those that do. An ideology which cannot prevent people from selling out, from betraying, will definitely lose in the current world, where there is so much money available at the top to simply buy out (for billions) those who create something new, so that anything new can be neutralized into nothing but a monetization scheme.

Our Theory of Human Nature Predicts Our Policies

The ideas of an ideology determine how our society is run, and, of those ideas, none is more important than what we make of human nature.

A Theory of Human Nature Suited to Prosperity and Freedom

If we are trying to create a prosperous, free world, our policies must be based in a theory of human nature that is both true (enough) and which leads to policies that create widespread affluence and human freedom.

Character Is Destiny

Ideology and character are intertwined. Character determines what we do, what we don’t do, and how we do it. The character of large numbers of people determines the destinies of nations and of the world itself. If we want to make the world better (or worse), we must change our own characters. Those who fail to understand how character is created (and changed) will never change the world–except accidentally.

How Everyday Life Creates Our Character

Along with, as noted, our destiny. I always laugh at radicals who want more schooling, because schooling is where people learn to sit down, shut up, give the approved answers, and do what they’re told. Working life, as an adult, continues this process of learned powerlessness and acquiescence, and even in our consumptive and political lives we continue the trend; choosing from the choices offered, rather than producing what we actually need for ourselves.

How Everyday Life Creates Sociopathic Corporate Leaders

Those who lead our corporations control most of our lives, even more so than the government, because they set the terms by which we live, die, and can afford the good things in life. Our daily lives are prescribed by these people, from how we work to what we eat, to what we entertain ourselves with. We need, therefore, to understand the character traits for which our leaders are chosen, and how the process of choosing works. If we can’t learn to create and choose better leaders, we will never have a better world.

The Difference Between Ethics and Morals

If we want an ideology that tells us how to create both a better world and the people with the character to create that world, we must understand what sort of people they should be. To accomplish this, we must first understand how they treat other people–the people they know, and more importantly, the people they don’t.

The Fundamental Feedback Loop for a Better World

The shortest article on this list, this is also one of the most important and speaks directly to how money directs behaviour and how that directs our choice in leaders.

Living in a Rich Society

It’s been so long since parts of the West were truly prosperous that people have forgotten what it’s like, and they’ve forgotten that it creates a different type of person than a scarcity society.

Late 19th and Early 20th Century Intellectual Roots

Lived experience creates character and character feeds into ideology. It’s worth looking at how various themes of the Victorian era were created by those who lived through that time and the time that came before it.

What Confucius Teaches Those Who Want a Better World

Amongst those who have created powerful ideologies, Confucius is in the first rank; Confucianism has been the most important ideology of the most populous and advanced region of the world for most of the last two thousand years–or more. Confucius was very aware of what he was trying to do, had a theory of human nature, and a theory of character. We would be fools not to learn from him.

Concluding Remarks

I hope that those who are interested in creating a better world will read the articles linked above. What I’ve written amounts to a short book, and the ideas are interrelated. If you have read a few of my posts, or even read all of them, but not thought of or read them with each other in mind, you cannot have the full picture of how these ideas work together, and why the different parts are necessary.

Ideas are often destroyed in practice by those who do not understand the reasons for the various pieces of the puzzle and prescriptions. These people feel they can pick and choose without that understanding. Character and ideology and ethics and every day life are all intertwined; you cannot pick one and say,”This is supreme.” They create each other.

Of course, the above is not a complete intellectual package. Large chunks are missing. My next piece will be a review of some key economic articles, specifically concerning why the world is as it is today: Why we lost post-war liberalism, why we have austerity and neoliberalism and so-called free trade. That piece comes after this one because without understanding our own characters, the characters of our leaders, and how ideology works, we cannot understand our current circumstances.

I will then be moving on to new articles that focus on technology, geography, the environment, and their effect on societies though the ages, with an emphasis on those technologies and environments which create prosperity, freedom, and egalitarian cultures and explore why they do so. There is an important trend today, an argument, about changing our technology to improve society, but it will only work if we understand how technology changes society.

Originally published Oct 2, 2014.  Republished July 28, 2015, March 6, 2016, October 2, 2017 & May 20, 2024.

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Week-end Wrap – Political Economy – May 19 2024

by Tony Wikrent

 

Strategic Political Economy

You Can’t Run Industrial Policy OR A War Economy Under Neoliberalism 

Ian Welsh, May 13, 2024

…Neoliberalism is about unearned profits. This is seen most clearly in the stock market and in real estate…. But this isn’t just true of housing and stock prices, it’s true of almost everything. Profit margins have soared during the neoliberal era. Our companies don’t compete on price or quality, they try to create oligpolies or monopolies so that they can charge more without having to provide significantly more value. The way they took advantage of Covid to raise prices far faster than their costs were rising is instructive.

Simply put, neoliberalism is about unearned money: about capital gains; PE plays where you buy a company with debt, load it with the debt and then dump it; monopolies and oligopolies and getting government to juice asset prices or pay you far more than you deserve for shoddy goods (see mil-industrial complex.)…

For about six years, I’ve heard constant complaints from Chinese that it was no longer possible to buy a home. Their housing market, like ours, was being bought up by investors, pricing out young people.

What was the Chinese response? They crashed their housing market and the government has stepped in….

We can’t compete with this. It’s impossible. Not because it’s impossible in theory, but because we don’t believe in doing such things and to pursue such policies we would have to hurt rich people, a lot, and they own Congress and the Presidency and our politicians in other countries.

China has repeatedly shown that if a policy is good for the majority, but hurts the rich, they’ll do it anyway. We’ve repeatedly shown the opposite.

And you can’t run industrial policy or a war economy if you want fake profits based on not actually producing good new goods at cheap prices. It can’t be done. If an entire society is based around “give me money for the least possible effort”, you’re cooked….

The West is toast. We can’t compete. It’s that simple. To compete we will have to change significantly, and while putting up tariffs isn’t actually a bad idea, it’s not enough alone. Without changing our fundamental governing and economic policies and ideology so that to get rich and stay rich you have to actually make good cheap new products in a way that improves the majority’s lives, we will never be able to compete.

When Your Rulers Ignore Voters But Are Terrified Of Protesters, That Tells You Something 

Caitlin Johnstone [Caitlin’s Newsletter, via Naked Capitalism 05-13-2024]

It’s hard to understand the tyranny of a system that relies on propaganda and manipulation as opposed to overt totalitarianism, in the same way it can be harder to recognize a psychologically abusive relationship than a physically abusive one.

 

Oligarchy

US Oligarchs Started One Civil War — and They Could Do It Again

Thom Hartmann, May 17, 2024 [CommonDreams]

The ideology of the Republican Party and the stranglehold of powerful corporations of our political system overall has transformed America from a democracy into a late-stage oligarchy, and the point of no return is now visible….

Billionaires and civil war? A billionaire-funded Supreme Court Justice flew the American flag upside down outside his house after January 6th in apparent support of Donald Trump‘s attempt to overthrow our government.

Americans for Tax Fairnessreports that 50 billionaire families have, at this early stage, already injected almost a billion dollars into our political system — the overwhelming majority of it going to Republicans and in support of Donald Trump — in an effort to maintain enough control of our political system that their taxes won’t go up. And that total is just what’s reported: it doesn’t count the billions in unknowable dark money that’s sloshing around the system thanks to Citizens United….

The clear result of five corrupt Republicans on the 1978 and 2010 Supreme Courts legalizing political bribery of politicians (and Supreme Court justices) by both corporations and the morbidly rich is that America is now well past the halfway mark of a fatal-to-democracy slide into oligarchy and the strongman autocracy typically associated with it. And the conflict that can follow that….

What we are watching is the final stage of the 40-year neoliberal transition of our nation from a forward-looking and still-evolving democratic republic into a white supremacist ethnostate ruled by a small group of fascist oligarchs.

Some years ago, Trump economic adviser Stephen Moore (before he was Trump’s advisor) was a guest on my radio/TV program. I asked him, “Which is more important, democracy or capitalism?“

Without hesitation, Moore answered, “Capitalism.” He went on to imply this was how the Founders wanted things….

[TW: I hope that regular readers, familiar with my dogged insistence on the need to revive civic republicanism as a philosophy of government, know how completely wrong Moore is. ]

 

Global power shift

The Dragon-Bear-Hug Signals Unprecedented Expansion of Ties 

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