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

Author: Tony Wikrent Page 39 of 48

Week-end Wrap – Political Economy – July 19, 2020

by Tony Wikrent

Neoliberalism requires a police state

“Federal Law Enforcement Use Unmarked Vehicles To Grab Protesters Off Portland Streets” 

[Oregon Public Broadcasting, via Naked Capitalism 7-18-20]

“Federal law enforcement officers have been using unmarked vehicles to drive around downtown Portland and detain protesters since at least July 14. Personal accounts and multiple videos posted online show the officers driving up to people, detaining individuals with no explanation of why they are being arrested, and driving off. The tactic appears to be another escalation in federal force deployed on Portland city streets, as federal officials and President Donald Trump have said they plan to “quell” nightly protests outside the federal courthouse and Multnomah County Justice Center that have lasted for more than six weeks. Federal Officers Shoot Portland Protester In Head With ‘Less Lethal’ Munitions Federal officers have charged at least 13 people with crimes related to the protests so far, while others have been arrested and released, including Pettibone. They also left one demonstrator hospitalized with skull fractures after shooting him in the face with so-called “less lethal” munitions July 11. Officers from the U.S. Marshals Special Operations Group and Customs and Border Protection’s BORTAC, have been sent to Portland to protect federal property during the recent protests against racism and police brutality. But interviews conducted by OPB show officers are also detaining people on Portland streets who aren’t near federal property, nor is it clear that all of the people being arrested have engaged in criminal activity. Demonstrators like O’Shea and Pettibone said they think they were targeted by federal officers for simply wearing black clothing in the area of the demonstration.”

The Border Patrol Was Responsible for an Arrest in Portland
[TheNation, via Naked Capitalism 7-17-20]

 A memo consisting of internal talking points for the federal agency responsible for the arrest, Customs and Border Protection (CBP), and obtained exclusively by The Nation provides some answers—and raises even more questions.

 

Dated July 1, the memo is titled “Public Affairs Guidance: CBP Support to Protect Federal Facilities and Property” and marked “For Official Use Only.” It describes a special task force created by the Department of Homeland Security (DHS) in response to President Trump’s Executive Order on Protecting American Monuments, Memorials, and Statues and Combating Recent Criminal Violence. That task force, the Protecting American Communities Task Force (PACT), has been tasked not only to assess civil unrest but also to “surge” resources to protect against it.

The Portland arrest of Mark Pettibone, first reported by Oregon Public Broadcasting, followed several similar arrests involving officers from a Border Patrol Tactical Unit (BORTAC)—CBP’s equivalent of a SWAT team—as well as the US Marshals Special Operations Group. A CBP spokesman confirmed to The Nation that CBP agents were responsible for the arrest, pointing to authorities under the Protecting American Communities Task Force.

Federal agents arrest Portland protesters in unmarked cars, sparking intense backlash

[Washington Post, via Naked Capitalism 7-18-20]Mayor of Portland to Trump: Get your troops out of the city

Week-end Wrap – Political Economy – July 12, 2020

by Tony Wikrent

Strategic Political Economy

Supreme Court Rules That About Half Of Oklahoma Is Native American Land
[NPR, July 9, 2020]

The Supreme Court ruled Thursday that about half of the land in Oklahoma is within a Native American reservation, a decision that will have major consequences for both past and future criminal and civil cases.

The court’s decision hinged on the question of whether the Creek reservation continued to exist after Oklahoma became a state. “Today we are asked whether the land these treaties promised remains an Indian reservation for purposes of fed­eral criminal law. Because Congress has not said otherwise, we hold the government to its word,” Justice Neil Gorsuch wrote in the majority opinion. The decision was 5-4, with Justices Gorsuch, Sonia Sotomayor, Ruth Bader Ginsburg, Elena Kagan and Stephen Breyer in the majority, while Justices John Roberts, Brett Kavanaugh, Samuel Alito and Clarence Thomas dissented.

The ruling will have significant legal implications for eastern Oklahoma. Much of Tulsa, the state’s second-largest city, is located on Muscogee (Creek) land.

For Oklahoma Tribe, Vindication at Long Last
[New York Times, July 11, 2020]

After decades of betrayals and broken treaties, the Supreme Court ruled that much of Oklahoma is their land, after all.

Why We’re Still Fighting the South: The irrepressible conflict continues to be 
between oligarchy and democracy.
[The American Prospect, July 10, 2020]

How the South Won the Civil War: Oligarchy, Democracy, and the Continuing Fight for the Soul of America, by Heather Cox Richardson (Oxford University Press)

…A present-day Jeremiah, Richardson laments the betrayal of the nation’s soul, first by the slaveholders whose secession from the Union in 1861 convulsed the nation in civil war; and second, by the “movement conservatives” in the 1950s who challenged the “liberal consensus” behind desegregation and paved the way for the Republican Party of today….

The Neoliberal Looting of America
Mehrsa Baradaran, July 2, 2020 [New York Times]

….an ideological coup quietly transformed our society over the last 50 years, raising the fortunes of the financial economy — and its agents like private equity firms — at the expense of the real economy experienced by most Americans.

Week-end Wrap – Political Economy – July 5, 2020

by Tony Wikrent

Strategic Political Economy

Pitchfork-wielding protesters descend on wealthy Hamptons estates
[Page Six, via Naked Capitalism 7-2-20]

More than 100 drivers and about 200 marchers paid a visit to the homes of some of the world’s wealthiest people, including ex-New York City Mayor Mike Bloomberg.

“Tax the rich, not the poor!” the protesters chanted outside Bloomberg’s $20 million Southhampton mansion, with some calling the failed presidential candidate a “looter.”
Protesters, several of whom came in from the Big Apple, demanded that New York Gov. Andrew Cuomo raise taxes on the state’s 118 billionaires to make up for a steep revenue shortfall amid the coronavirus pandemic.

The group is taking issue with Cuomo’s pitch to cut 20 percent in state funding from schools, hospitals and housing agencies. They noted that while the virus outbreak has deeply impacted low-income people and communities of color, the wealth of US billionaires has surged.

“Enough is enough — it’s time for New York state to raise taxes on the rich instead of cutting services for working people,” said Alicé Nascimento, director of policy and research for New York Communities for Change, which helped organize the action. Organizers also included the New York Taxi Workers Alliance, with about 40 medallion cabs taking part. The cabbies were already in a debt crisis before the virus emerged, and have been hit hard by the pandemic.

“Oklahoma voters approve Medicaid expansion at the ballot box”

[Oklahoman, via Naked Capitalism Water Cooler 7-2-20]

“State Question 802 passed by 6,488 votes, making Oklahoma the fifth state expand Medicaid through a ballot initiative. The question will enshrine Medicaid expansion in Oklahoma’s constitution — effectively preventing Oklahoma’s GOP-controlled Legislature or Republican governor from limiting or undoing the expansion.

[Counterpunch, July 1, 2020]

In tackling police violence and other social inequities rampant throughout the world today, we must address the underlying problems and not give overdue focus to the symptoms of the problems. For instance, we already know that class and not race is what determines who is affected most by institutional injustices, from the police murders of George Floyd to Tony Timpa to the the mass incarceration rates of the poor. Nathaniel Lewis demonstrates that after controlling for class, race is not “statistically significant” and that “class appears to be a larger factor than usually reported when studying racial disparities.” And from this query, other questions must necessarily emerge to include our involvement in having asked certain questions and not others and in having kowtowed to what Adolph Reed calls “race reductionism” at the heart of this issue.

It is in capitalism’s interest that we are all standing about the public square screaming about statues we don’t like rather than clamor for real reform of our governments. Indeed, much of the theory emanating from American higher education of the last thirty years has obtusely avoided discussing class while instead addressing representation, not participation. Just as the left has abandoned discussing class in favor of focussing upon symbolism and representation, political action of recent years has centered on the most superficial changes from language to public imagery. The actual stuff of inequality which engages people’s ability to pay bills, to eat, and to pay rent, has been unsurprisingly absent from both academia and the recent calls to get white people to atone for their sins.

For instance, why is the liberal soft-left not demanding answers from politicians such as Joe Biden who signed onto the Violent Crime Control and Law Enforcement Act of 1994 leading to the mass-incarceration of mostly black men, and putting them in prison for longer? Or why the criminal justice system in the US is locking up so many poor women? Why are American liberals getting behind a presidential candidate who tells African Americans that they aren’t “black” if they don’t vote for him while not seeing how such positive racism still amounts to racism as usual?

….As protestors topple statues of Civil War generals and abolitionists alike, this might be a good moment for us to pause and think that perhaps the first problem in naming racism might begin with reflecting upon our embrace of “race” as a signifying real. Moreover, we need to deeply ponder if race might just be the side-show which is keeping us from addressing what are primarily class issues. As troubling as our country’s legacy is having been built on slavery, the decimation of the country’s indigenous population, and unbridled capitalism, the one common factor of the repression of humans in these situations was not decided by their “race” but was most definitely decided between those who held the money, the guns, and the power and those who didn’t.

Europe in 1989, America in 2020, and the Death of the Lost Cause

David Blight [The New Yorker, via Naked Capitalism 7-2-20]

In 1868, Edward A. Pollard, the former editor of a Richmond newspaper, in his book “The Lost Cause Regained,” urged “reconciliation” with conservative Northerners, as long as it was on Southern terms. “To the extent of securing the supremacy of the white man,” he wrote, “and the traditional liberties of the country . . . she [the South] really triumphs in the true cause of the war.” Such an achievement would take years, but it did come. When a former Confederate officer, John T. Morgan, addressed a meeting of the Southern Historical Society, in 1877, he framed the preceding nine years as the “war of Reconstruction.” The South, he maintained, had just won this “second war,” and therefore no one “need inquire who was right or who was wrong” in the first war. This was never easy for Union veterans to swallow, but it was how white supremacy became an integral part of the process of national reconciliation.

The 3 Weeks That Changed Everything: Imagine if the National Transportation Safety Board investigated America’s response to the coronavirus pandemic.
James Fallows, June 29, 2020 [The Atlantic, via Naked Capitalism 6-30-20]

…. a biosecurity expert at Georgetown University Medical Center who has been extensively involved in pandemic-response planning, told me this spring: “Absolutely nothing that has happened has been a surprise. We saw it coming. Not only did we see it, we ran the models and the gaming exercises. We had every bit of the structure in place. We’ve been talking about a biohazard risk like this for years. Anyone who says we did not see this coming has their head in the sand, or is lying through their teeth.”

….The system the government set up was designed to warn not about improbable “black swan” events but rather about what are sometimes called “gray rhinos.” These are the large, obvious dangers that will sooner or later emerge but whose exact timing is unknown. Did the warning system work this time, providing advance notice of the coronavirus outbreak? According to everyone I spoke with, it certainly did. A fascinating unclassified timeline compiled by the Congressional Research Service offers a day-by-day and then hour-by-hour chronology of who knew what, and when, about developments in central China….

During the Obama administration, the U.S. had negotiated to have its observers stationed in many cities across China, through a program called Predict. But the Trump administration did not fill those positions, including in Wuhan. This meant that no one was on site to learn about, for instance, the unexplained closure on January 1 of the city’s main downtown Huanan Seafood Wholesale Market, a so-called wet market where wild animals, live or already killed, were on sale along with fish and domesticated animals… the Trump administration had removed dozens of CDC representatives in China….

In cases of disease outbreak, U.S. leadership and coordination of the international response was as well established and taken for granted as the role of air traffic controllers in directing flights through their sectors. Typically this would mean working with and through the World Health Organization—which, of course, Donald Trump has made a point of not doing. In the previous two decades of international public-health experience, starting with SARS and on through the rest of the acronym-heavy list, a standard procedure had emerged, and it had proved effective again and again. The U.S, with its combination of scientific and military-logistics might, would coordinate and support efforts by other countries. Subsequent stages would depend on the nature of the disease, but the fact that the U.S. would take the primary role was expected. When the new coronavirus threat suddenly materialized, American engagement was the signal all other participants were waiting for. But this time it did not come. It was as if air traffic controllers walked away from their stations and said, “The rest of you just work it out for yourselves.”

….In addition to America’s destruction of its own advance-warning system, by removing CDC and Predict observers, the Trump administration’s bellicose tone toward China had an effect. Many U.S. officials stressed that a vicious cycle of blame and recrimination made public health an additional source of friction between the countries, rather than a sustained point of cooperation, as it had been for so many years.

A military official told me, “I have wondered, as a thought experiment: If the outbreak had been in Tennessee rather than Wuhan, would the outcome for the world have been worse, better, or the same?” This person said that he thought the disease might have spread even more rapidly. Why? “I think it would have been harder to convince Trump to lock things down here, than to throw a ban on China.”

Fallows is not as thorough as an NTSB inspection, that will examine the design and manufacture of an aircraft, not just the details of a crash. He entirely overlooks the cultural roots of the “limited government” ideology, which should be traced back to its roots in the anti-Hamiltonian opposition of the Vriginia slave holders led by Jefferson and Calhoun, and the creation of movement conservatism and libertarianism by rich reactionaries intent on reversing the shift in power from capital to labor achieved by Franklin Roosevelt and the New Deal. The problem is not Trump. The real problem is the cultural shift that created the putrid petri dish in which he could gestate and emerge. 

[Business Live (South Africa), via Naked Capitalism 6-30-20]

….This is not a comparison between SA and the US; it is an observation of two experiences — travelling in SA and in the US through airports, which are major vectors for the spread of the virus. From this experience you immediately realise why the virus may have gone wild in the US, which has the tools to contain such a pandemic.

The answer is not poverty. It’s not inequality. It’s really the politicisation of the medical response and, in particular, the wearing of masks. Trump continues to not wear a mask, apparently fearing it will project weakness and defeat, according to CNN. In all three US airports I travelled through, I saw the results of such ignorant leadership. It was mainly men who didn’t wear masks, spitting in each other’s faces as they shouted out their bravado.

“The Think Tank Gap Really Hurt Our COVID-19 Response”
[Mike the Mad Biologist, via Naked Capitalism Water Cooler 7-2-20]

“As the COVID-19 pandemic continues, it’s becoming more apparent that using a paradigm generated by the American Enterprise Institute might not be the best way to proceed. Unfortunately, all of the think tanks, including the Democratic aligned ones, appear to be working from the same framework (i.e., kinder, gentler AEI plans)…. The problem is that the AEI plan is fundamentally affected by policy constraints. There are certain policies that a group like AEI can not and will not consider, and those policy constraints affect the range of policy responses…. [On the left] the overall goal was to use massive federal spending to place significant swathes of the U.S. economy into what multiple commentators, including Paul Krugman, referred to as a ‘medically induced coma.’ And not for a month either, but for as long as it took…. Since an AEI-backed plan that would result in massive federal intervention in the economy is an impossibility, we’re left with second-best options of relative improvements leading to partial reopenings. When massive federal intervention is off the table, then we’re left with these other metrics, such as decline for a couple of weeks followed by hoping for the best, because there’s no way to support the economy long enough to reach a meaningful low level of prevalence… That’s unfortunate because a low prevalence strategy is good public health policy and good economic policy. On the public health side, the best way to not get infected is to not come in contact with someone who is infected. While that sounds like something Yogi Berra would have said, it does have the virtue of being true.”

“By Denying Aid to States, the GOP Is Aiding the Coronavirus”

Eric Levitz [New York Magazine, via Naked Capitalism Water Cooler 7-2-20]

“By withholding aid to states, Republicans made it extremely painful for cities to implement responsible public-health policies in the middle of a pandemic…. America’s hasty reopening is doubtlessly attributable to a variety of cultural and political factors. But for many U.S. cities, erring on the side of public health — by keeping the economy restricted for a week longer than absolutely necessary — would have meant jeopardizing their capacity to maintain funding for schools and basic social services. Republicans could have empowered state and local officials to make decisions about reopening on the basis of what was best for public health. Instead, they engineered fiscal scarcity that forced states to choose between prudence and solvency. Which may have been the point. The president and his advisers pressured states to reopen quickly, so as to expedite the onset of economic recovery. Instead, our austerity-induced haste has bought us a new wave of outbreaks and a deeper recession.”

The Pandemic

[Atlantic, via Naked Capitalism 7-1-20]

New research explores how conservative media misinformation may have intensified the severity of the pandemic

[Washington Post, via The Big Picture 6-28-20]

The data is in: Fox News may have kept millions from taking the coronavirus threat seriously [Washington Post, via The Big Picture 7-2-20]

[Bloomberg, via The Big Picture 6-28-20]


The Global Death Toll Now Tops 500,000

[NYT, via Naked Capitalism 6-29-20]

“Universal Health Care Supports Thailand’s Coronavirus Strategy” 

[NPR, via Naked Capitalism Water Cooler 6-29-20]

“While the pandemic has raged in the U.S. and Europe, Thailand has been able to control its epidemic with a caseload among the lowest in the world – just 58 deaths. Thai epidemiologists say the country’s universal health care system played a major role…. Dr. Pongpirul says the fact that the taxi driver sought medical attention early on, that he wasn’t put off by having to pay for something he couldn’t have afforded, made a huge difference in helping them control the virus.”

A travesty’: North Carolina grapples with reopening as Covid-19 cases surge

[Guardian, via Naked Capitalism 6-28-20]A new dilemma for Trump’s team: Preventing super-spreader churches

[Politico, via Naked Capitalism 6-29-20]Why Meatpacking Plants Are Superspreaders

[Der Spiegel, via Naked Capitalism 6-29-20]

Economic Armageddon

Goldman Sachs did the math and a national mask mandate to slow the spread of coronavirus would save this much in U.S. economic growth
[MarketWatch, via Naked Capitalism 7-1-20]

[Economic Policy Institute, via Naked Capitalism 6-30-20]As 45 million Americans lost their jobs, U.S. billionaires made $584 billion.
[ABC, via Twitter, via Naked Capitalism Water Cooler 6-30-20]

The Carnage of Establishment Neoliberal Economics

A nice graph that summarizes how the price paid for the information economy was deindustrialization and financialization of USA
Click for larger image.
[Dimensional, via The Big Picture 6-29-20]

The Supreme Court Is Still Repeatedly Ruling in Favor of the Ultra-Wealthy

David Sirota [Jacobin, via Naked Capitalism 6-29-20]The U.S. Is Lagging Behind Many Rich Countries. These Charts Show Why.

[New York Times, via Naked Capitalism 7-1-20]

The United States is different. In nearly every other high-income country, people have both become richer over the last three decades and been able to enjoy substantially longer lifespans.

But not in the United States. Even as average incomes have risen, much of the economic gains have gone to the affluent — and life expectancy has risen only three years since 1990. There is no other developed country that has suffered such a stark slowdown in lifespans.

Government Sachs: Why Google, YouTube, Uber and the rest of corporate America are donning the costume of progressivism

Michael Lind [Tablet, via Naked Capitalism Water Cooler 6-29-20]
Powell and Mnuchin Agree to Work with a Proposed “Department of Reconciliation” to Deal with Effects of Slavery and Segregation
Pam Martens and Russ Martens: July 1, 2020 [Wall Street on Parade]Citigroup Has Made a Sap of the Fed: It’s Borrowing at 0.35 % from the Fed While Charging Struggling Consumers 27.4 % on Credit Cards
Pam Martens and Russ Martens: July 2, 2020 [Wall Street on Parade]The Pillage of India 

[New York Review of Books, via Naked Capitalism 6-29-20]

June 11, 2020
The Anarchy: The East India Company, Corporate Violence, and the Pillage of an Empire
by William Dalrymple (Bloomsbury, 522 pp., $35.00)
Inglorious Empire: What the British Did to India
by Shashi Tharoor (Melbourne: Scribe, 294 pp., $17.95)

The one percent

Ghislaine Maxwell, longtime Jeffrey Epstein associate, arrested for recruiting and abusing girls in sex-trafficking ring CNN

Ghislaine Maxwell played ‘critical role’ in helping Jeffrey Epstein groom underage victims, US investigators say Sky (furzy)Ghislaine Maxwell, handler of pedophile Epstein, arrested
[Twitter, via Naked Capitalism Water Cooler 7-2-20]

Craig Murray @CraigMurrayOrg
Part of me want Ghislaine Maxwell locked up for a very long time. Part of me wants her to cop the plea deal of the century and spill the full story on some of the world’s most powerful men. Most of me, however, expects she is going to get suicided like her boss.

Information Age Dystopia

[Tim Bray, via Naked Capitalism Water Cooler 6-29-20]

“Why break it up? · There are specific problems; I list a few below. But here’s the big one: For many years, the astonishing torrent of money thrown off by Google’s Web-search monopoly has fueled invasions of multiple other segments, enabling Google to bat aside rivals who might have brought better experiences to billions of lives…. Financially, I think Google’s whole is worth less than the sum of its parts. So a breakup might be a win for shareholders. This is a reasonable assumption if only because the fountain of money thrown off by Web-search advertising leaves a lot of room for laziness and mistakes in other sectors of the business.”

Lambert Strether added: “Well worth a read, and from a solid and well-respected tech insider.”

[Electronic Frontier Foundation, via Naked Capitalism 7-1-20]

Neoliberalism requires a police state

Corporate Backers of the Blue: How Corporations Bankroll U.S. Police Foundations
[littlesis.org, via Naked Capitalism 7-1-20]

If police departments already have massive budgets – averaging 20% to 45% of a municipal budget – why do these organizations exist? Police foundations offer a few unique benefits to law enforcement.

First, these foundations can purchase equipment and weapons with little public input or oversight. The Houston Police Foundation has an entire page on its website showcasing the equipment it purchased for the police department, including SWAT equipment, LRAD sound equipment, and dogs for the K-9 unit. The Philadelphia Police Foundation purchased long guns, drones, and ballistic helmets. The Atlanta Police Foundation helped fund a major surveillance network of over 12,000 cameras.

In Los Angeles, the police used foundation funding to purchase controversial surveillance software from Palantir. If the LAPD purchased this technology through its public budget, it would have been required to hold public meetings and gain approval from the city council. By having the foundation purchase it for them, the LAPD was able to bypass that oversight.

Climate and environmental crises

Nearly twice as many U.S. properties may be at risk of flooding as previously thought.
[New York Times 6-30-20]

New calculations estimate that 14.6 million properties are at risk from what experts call a 100-year flood, far more than the 8.7 million properties shown on federal government flood maps. Cities as diverse as Fort Lauderdale, Fla., Buffalo, N.Y., and Chattanooga, Tenn., show a large gap in the risk assessments. In Chicago alone, 75,000 properties have a previously undisclosed flood risk. The First Street Foundation, which compiled the data, also created a website where people can check their own address.

South Pole warming three times faster than rest of Earth: study

[PhysOrg, via Naked Capitalism 6-30-20]How green sand could capture billions of tons of carbon dioxide

[MIT Technology Review, via Naked Capitalism 6-30-20]Fueled by High Temperatures and Ample Land, Locusts Swarm Italy

[LinkTV, via Naked Capitalism 6-30-20]How climate change misinformation spreads online

[Carbon Brief, via Naked Capitalism 6-30-20]

Creating new economic potential – science and technology

Yale captures first ever video of brain clearing out dead neurons

[New Atlas, via Naked Capitalism 6-30-20]

A Decade of Sun YouTube, via Naked Capitalism 7-1-20]

Dan K: “Holy crap — NASA compressed 10 years of solar observations into a one-hour long, buttery smooth time lapse.”

Take a Flight Over Korolev Crater on Mars

[Universe Today, via Naked Capitalism 7-4-20]

These stunning videos, created from imagery gathered by orbiting spacecraft, can give us a sense of what it would be like to fly in an airplane on another planet. This latest flyover video from the European Space Agency’s Mars Express spacecraft, provides a stunning view of one of Mars’ most eye-popping craters.

Progressive Policies into the Breach

Harry Hopkins was a genius….
[Twitter, via Naked Capitalism Water Cooler 7-1-20]
Jon Schwarz @schwarz

I had no idea Carl Reiner was on a path to being a sewing machine repairman until his brother told him about a free New Deal acting class. What a different country we could have if we wanted to spend our money on stuff like that instead of death machines. Carl Reiner, Multifaceted Master of Comedy, Is Dead at 98

Will Biden find his Harry Hopkins? Is he even trying to?

Democratic Party leadership insists on suicide

“Biden campaign staffs up from Obamaworld”

[Axios, via Naked Capitalism Water Cooler 6-30-20]

“In the past few weeks, four former staffers who worked for Obama confidante Valerie Jarrett joined Biden’s campaign…. Karine Jean-Pierre, Julie Chavez Rodríguez, and Ashley Allison all joined within one week starting May 20, in senior adviser roles. Yohannes Abraham joined the Biden campaign’s transition team in late June. All are women or men of color. All were longtime Obama White House staffers and worked with Jarrett in different capacities in her roles including senior adviser and directing public engagement and intergovernmental affairs…. Amid questions around Biden’s age and what that means for who he selects as a running mate, these hires show how the campaign is positioning a younger generation of former Obama aides to land the plane in November…. Parrt of Biden’s core campaign message is around his government competency. One Obama alum tells Axios: “By lifting up these particular individuals, he’s giving the rest of us a window into who’s going to help run the show in the White House, and I think that’s engendering more confidence in him.”

Lambert Strether added: “So, as I’ve been saying, you’re not really voting for Biden; you’re voting for the Obama Alumni Association. Based on past performance, expect the next recovery to be like this, but worse, because the initial conditions are worse….” 


No Harry Hopkins here.

“The woman Biden isn’t considering for vice president, but should”

[Washington Post, via Naked Capitalism Water Cooler 6-29-20]

Lee was the only member of Congress to vote against the AUMF. “In a better world, Lee’s prescience would already make her a contender for the bottom of the Democratic ticket. Her foresight contrasts with Biden’s many foreign policy lows, including a vote for the Iraq War and a proposal to federalize Iraq that Iraqis hated. (In no policy area is Biden more fortunate to be facing a complete incompetent.) That Lee isn’t on Biden’s list, while someone like former national security adviser Susan E. Rice is, speaks volumes about the hold the pro-intervention, pro-endless war national security establishment continues to exert over much of our politics.”

Charles Booker, Jamaal Bowman And The 7 Competing Camps In Black Politics

[FiveThirtyEight, via Naked Capitalism Water Cooler 7-4-20]

I have tried to order the camps by size, from largest to smallest. They are:

  1. The Younger (Under Age 60) Establishment
  2. The Older (60 And Above) Establishment
  3. The Younger Anti-Establishment
  4. The Obamaites
  5. The Older Anti-Establishment
  6. Trump-Skeptical Conservatives/Republicans
  7. Pro-Trump Conservatives/Republicans

“House panel votes against curtailing Insurrection Act powers after heated debate” 

[The Hill, via Naked Capitalism Water Cooler 7-3-20]

“The House Armed Services Committee has voted against limiting presidential authority under the Insurrection Act, the law President Trump threatened to invoke to deploy active-duty troops in response to protests against racial injustices. The amendment, offered by Rep. Veronica Escobar (D-Texas), failed largely along party lines in a 25-31 vote. Several moderate or vulnerable Democrats voted against the amendment: Reps. Kendra Horn (Okla.), Xochitl Torres Small (N.M.), Jared Golden (Maine), Elaine Luria (Va.), Anthony Brindisi (N.Y.) and Gil Cisneros (Calif.). Last month, Trump threatened to invoke the Insurrection Act at the height of the protests, saying he would deploy active-duty troops if governors did not “dominate” demonstrators.nThe 1807 act creates an exception to the general prohibition on using the U.S. military to enforce domestic laws. It was last used by former President George H.W. Bush at the request of California’s governor to quell the 1992 Rodney King riots.”

Rudy Giuliani calls Black Lives Matter ‘a Marxist organization’

[McSweeney’s, via The Big Picture 6-28-20]

Week-end Wrap – Political Economy – June 28, 2020

Week-end Wrap – Political Economy – June 28, 2020
by Tony Wikrent

The Epidemic

What To Look For In A Face Mask, According To Science
[fivethirtyeight.com, via Naked Capitalism 6-25-20]

Different researchers have set up devices that spray tiny droplets at fabric and then measured how much of it comes through the other side, while also measuring air flow to determine breathability. What they’ve found is that it’s less about the type of fabric — cotton, linen, silk — and more about the quality of fabric, according to Segal. Higher quality fabrics have a tighter weave and thicker thread that do a better job of blocking droplets from passing through.

But you also want the fabric to be breathable, according to Taher Saif, a mechanical engineer at the University of Illinois who has been researching face mask material. Saif said if breath can’t get through the mask, it will find another way out, allowing respiratory droplets to spread.

…. Segal offered a rule of thumb: hold the material up to a bright light. “Look at the light coming through the fabric,” Segal said. “If it outlines individual fibers and you can see the light through fabric, it’s probably not as effective. The less of that you can see, the better the filter.”

“Data map reveals the 23% of US counties that are currently seeing an uncontrollable growth in COVID-19 – as new model predicts Phoenix alone could see 28,000 new infections a DAY by July 18” [Daily Mail, via Naked Capitalism Water Cooler 6-26-20]

“Twenty three percent of counties across the United States are now seeing an uncontrollable growth in new COVID-19 infections, according to a data map… Phoenix could see 28,000 new cases a day by July 18…. large parts of the South and Southwest are showing an ‘epidemic trend’ or ‘spreading trend’ for new coronavirus infections…. Of the 3,141 counties across the country, 745 are currently experiencing an epidemic outbreak and 1,232 are seeing spreading trends, according to the data map. Nearly 670 counties are currently seeing a controlled trend in new coronavirus cases. According to the map, the entire state of Arizona is seeing either epidemic or spreading trends. ”

A link to the map

The unintended impact of COVID-19 on cancer
[The Hill, via Naked Capitalism 6-21-20]

In April 2020, the IQVIA Institute for Human Data Science published a report that shined a light on the unintended impact of our response to the treat of COVID-19. According to the report, it is estimated that the delay in 22 million cancer screening tests will result in an increased risk of delayed or missed diagnoses for 80,000 patients.

Strategic Political Economy

[Twitter, via Naked Capitalism 6-26-20]

Week-end Wrap – Political Economy – June 21, 2020

by Tony Wikrent

Countering the surveillance state

IF YOU’RE TAKING to the streets to demand justice for the victims of police brutality and homicide, you may want to leave your phone at home. No matter how peaceful your behavior, you are at risk of getting arrested or assaulted by police. Cops might confiscate your phone and search it regardless of whether or not they’re legally allowed to, or they might try to break it, especially if it contains photos or video of their violent or illegal actions.\

At the same time, it’s a good idea to bring a phone to a protest so you can record what’s happening and get the message out on social media. Filming police is completely legal and within your rights, and it’s one of the few tools citizens have against police brutality. It’s also important to be able to communicate with others in real time or to find your friends in case you get separated….

If this is too expensive for you, you may have other options: If you have an old phone collecting dust in a drawer, as long as it still works and the battery still holds a charge, you can use this as your burner phone rather than buying a new one. You just need a new SIM card, like one that comes with prepaid cell service. Make sure to factory reset the phone before getting ready to protest….

The Markup published some good steps to take before bringing your primary phone into a protest, and the Electronic Frontier Foundation has a good guide as well.

How Police Infiltrate, Create Violence and Target Journalists

Lee Camp [via Naked Capitalism 6-20-20]

Where most of the world’s people live…

After Violent Clash, China Claims Sovereignty Over Galwan Valley for First Time in Decades

[The Diplomat, via Naked Capitalism 6-17-20]The writer of the New York Times article on this clash (which I do not link to) made no attempt to explain why this remote area with hardly any inhabitants would be disputed by the India and China. First, the glaciers of the Tibetan Plateau are the source of Asia’s major rivers: Indus and Satluj of Indus river water system, Arun, Ghaghra and Gandak of Ganges river water system, Manas and Brahmaputra of Brahmaputra river water system, Yellow River, Yangtze, Mekong and Salween rivers.

China suspends debt repayment for 77 developing nations, regions
[DefendDemocracy.Press 6-20-20]

China has announced the suspension of debt repayment for 77 developing countries and regions as the nation is working with other G20 members to carry out the G20 debt relief initiative for low-income countries, Chinese officials said at a press briefing at the State Council Information Office on Sunday…. China announced in May that it would provide $2 billion over two years to help other countries respond to the impact of the coronavirus pandemic…..

China has made multilateral donations to the World Health Organization (WHO) of $50 million, and has provided assistance to global organizations including the Global Alliance for Vaccines and Immunization. China also actively assisted in the fundraising event organized by the Solidarity Response Fund of the WHO in China.

Zero Hedge — Beijing Sounds Alarm About Dollar’s Reserve Status
[via Mike Norman Economics 6-19-20]

Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, delivered a strong warning on the U.S. currency this week. He made four points in a speech at the Lujiazhui Forum in Shanghai:

  • A. The Fed is the de facto central bank of the world. When its policy targets its own economy without considering the spillover effect, the Fed is “very likely to overdraft the credit of the dollar and the U.S.”
  • B. The pandemic may persist for a long period of time, and countries keep throwing money at the problem with a diminished impact. “It is recommended that you think twice and reserve some policy space for the future.”
  • C. There is no free lunch. Watch out for inflation.
  • D. Financial markets are disconnected from the real economy, and such distortions are “unprecedented.” It’s going to be “really painful,” when the policy withdrawal starts….

The Epidemic

Week-end Wrap – Political Economy – June 14, 2020

by Tony Wikrent

Strategic Political Economy

“Where justice is denied, where poverty is enforced, where ignorance prevails, and where any one class is made to feel that society is an organized conspiracy to oppress, rob and degrade them, neither persons nor property will be safe.” — Frederick Douglass
[via WallStreetonParade, June 1, 2020]“America’s Moment of Reckoning”: Cornel West Says Nationwide Uprising Is Sign of “Empire Imploding”
[DemocracyNow, June 1, 2020]

The catalyst was certainly Brother George Floyd’s public lynching, but the failures of the predatory capitalist economy to provide the satisfaction of the basic needs of food and healthcare and quality education, jobs with a decent wage, at the same time the collapse of your political class, the collapse of your professional class. Their legitimacy has been radically called into question, and that’s multiracial. It’s the neofascist dimension in Trump. It’s the neoliberal dimension in Biden and Obama and the Clintons and so forth. And it includes much of the media. It includes many of the professors in universities. The young people are saying, “You all have been hypocritical. You haven’t been concerned about our suffering, our misery. And we no longer believe in your legitimacy.” And it spills over into violent explosion.

And it’s here. I won’t go on, but, I mean, it’s here, where I think Ella Baker and Fannie Lou Hamer and Rabbi Heschel and Edward Said, and especially Brother Martin and Malcolm, their legacies, I think, become more central, because they provide the kind of truth telling. They provide the connection between justice and compassion in their example, in their organizing. And that’s what is needed right now. Rebellion is not the same thing in any way as revolution. And what we need is a nonviolent revolutionary project of full-scale democratic sharing — power, wealth, resources, respect, organizing — and a fundamental transformation of this American Empire

“A Left Critique of the Current Protests” 

[Benjamin Studebaker, via Naked Capitalism Water Cooler 6-9-20]

 “As long as we have millions of alienated, armed Americans, the police will never be abolished. Calls for their abolishment will instead result in privatisation. The Democratic mayors who run our cities want to avoid responsibility for the killings that are the result of decades of their own negligent policy. Privatising the police divests them of culpability. Privatised police will be even less accountable than publicly run departments. They’ll probably kill even more people. But when it happens, the cities can blame it on the contractors. They can simply fire one outfit and hire another. The anarcho-capitalists have wanted this for ages. They are chomping at the bit to use these protests to make it happen… Sadly, our organizations are inferior to the organizations of the anarchists and the woke neoliberals, and for this reason they will continue to hasten the victory of the right nationalists, much to our chagrin.”

An excerpt of an excerpt form Thomas Frank’s new book on elites’ opposition to populism
“The Pessimistic Style in American Politics”

Thomas Frank [Harpers, via Naked Capitalism Water Cooler 6-11-20]

Week-end Wrap – Political Economy – June 7, 2020

Week-end Wrap – Political Economy – June 7, 2020
by Tony Wikrent

[Gizmodo, via Naked Capitalism 6-2-20]

How to protect yourself from rubber bullets—and why these ‘nonlethal’ weapons are so dangerous [Popular Science via Naked Capitalism 6-4-20]

Protest Safety: How to Protest During the Coronavirus Pandemic

[Teen Vogue via Naked Capitalism 6-4-20]

Strategic Political Economy

“What Trait Affects Income the Most?” 

[Economics from the Top Down, via Naked Capitalism Water Cooler 6-5-20]

Why is it so difficult to abandon old myths? One reason is that these myths are used to rationalize social order. Take, as an example, the Earth’s orbit. It took the Catholic church nearly 400 years to admit that the Earth revolves around the sun…. After convicting the heliocentric proponent Galileo of heresy in 1633, the church banned heliocentric teachings for another two centuries (until 1822). It took another 170 years for the church to formally admit (in 1992) that Galileo was right. Think about that. Almost four centuries of denial for an idea that had no effect on daily life. All because it threatened the authority of those with power. The lesson here is simple. When ideas challenge authority, evidence will be ignored, denied and suppressed.

That brings me to economics.

The discipline of economics is the modern equivalent of the church. To legitimize authority, neoclassical economists preach dogmas that are manifestly false. But unlike the ethereal debate about the Earth’s place in the cosmos, economic dogmas have a huge impact on day-to-day life. They make the difference between tolerating inequality versus being enraged by it.

Neoclassical economics preaches that all is fair with the distribution of income. Income differences, the theory claims, stem from differences in productivity. As long as markets are competitive, people earn their ‘marginal product’. And so there’s no reason to redistribute income.

The reality is quite different. Income, I believe, is determined not by productivity, but instead largely by rank within a hierarchy. In other words, power begets income. The role of economics is to deny this uncomfortable reality. Economists reinforce hierarchies by denying their existence. Long and worth a read. Handy chart:

Pepe Escobar [Asia Times via Naked Capitalism 6-6-20]

Week-end Wrap – Political Economy – May 31, 2020

Week-end Wrap – Political Economy – May 31, 2020
by Tony Wikrent

Here’s video of the first person alleged to have taken a hammer to the AutoZone window, which activists immediately suspected was a provocation. Black gloves, black boots, black clothes (not unkempt like antifa, no offense), nice gas mask. Who is this guy? https://www.facebook.com/juan.conner.58/posts/137533351239840?hc_location=ufi 

Strategic Political Economy

General Electric Co. is turning out the lights on an iconic part of its business.
[Wall Street Journal, via Naked Capitalism Water Cooler 5-28-20]

Trump’s revival of American manufacturing….

“General Electric Co. is turning out the lights on an iconic part of its business. The company is getting out of making lightbulbs…. selling a unit that defined GE for nearly a century and was its last direct link to consumers. The company will sell its lighting business to Massachusetts-based Savant Systems Inc., a seller of home-automation technology in a transaction that values the unit at around $250 million…. That hardly makes the business a financial heavyweight, but the sale is the latest sign of the transformation of the American manufacturing landscape and a big marker in the changes at GE. The company has been selling off industrial units to pare down its debts, making GE smaller but also making it more reliant on an aviation unit that now faces tough prospects under the coronavirus pandemic.”

“What About the Rotten Culture of the Rich?”
Chris Arnade, American Compass, via Naked Capitalism Water Cooler 5-26-20]

“Why isn’t it considered bad behavior to sit in front of a wall of screens filled with flashing numbers making bets on those numbers? Would it attract the cultural scolds if the people making those bets where drinking tall boys in brown bags, rather than sipping bespoke lattes? Why isn’t it considered bad behavior to find a mid sized company, load it up with debt, strip it of its valuable assets, and send jobs overseas to the country with the lowest labor cost and least environmental regulations. All to make yourself rich, while leaving an economic hole in a Michigan town, or a New York town. A hole that sucks out hope, and eventually fills with despair and drugs…. The lesson is that cleverness trumps hard work. That a disregard for the rules trumps playing it straight. That you are a fool to put your head down every day, play by the rules, and focus on a job that values your community and your family. Why toil away at growing food, or building roads, or building bridges, when you can get rich quick by sitting in front of a wall of computers betting on flashing numbers? Why diligently work your way up the corporate ladder when you can smooth talk enough people into lending you enough money to take over the corporation, fire the board, leverage it up with debt, and then dismantle it while pocketing a few billion…. .I hope if we do talk about our broken culture, we talk about the destructive individualism of elites that has led to a selfishness that cares more about profits than the national or community good.”

Does China offer the world more than the US? Asia Times, via Naked Capitalism 5-26-20]

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