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

Author: Tony Wikrent Page 6 of 41

Week-end Wrap – Political Economy – July 21 2024

by Tony Wikrent

Strategic Political Economy

Fight Or Die 

David Sirota, July 18, 2024 [The Lever]

In 2008, I published a book with a straightforward premise: the upcoming era of American politics would be defined by a competition between the left and right to harness the working class’s intensifying rage in a society being pillaged by corporate interests.

It was the twilight of the Bush era, and the country was beginning its nose-dive into recession and turmoil, but hope and change seemed just over the horizon. I predicted that with elements of both political parties in a warrior stance, simmering conflicts over deindustrialization, financialization, and neoliberalism would soon explode and realign politics, birthing some American version of either social democracy or authoritarianism.

The 16 years since The Uprising was released have delivered much of the tumult I imagined. It has been a period of unrest, chaos, and flip-flopping control of government — and yet, amid all that volatility, the decline persisted. Whether medical bankruptcies, foreclosures, lower life spans, spikes in prices, mountains of paperwork, or endless junk fees attached to everything — life in America just kept getting more difficult, annoying, inhumane, painful, and seemingly impossible.

In the political arena, there was a sensation of change, but in real life, there was more of the same.

Donald Trump’s 2016 win was a reaction to the dissonance — a pressure cooker that finally exploded — but still possibly just a weird anomaly. For shellshocked liberals, the end of his first term felt like the conclusion of a roller-coaster ride, a reversion to a mean, and proof that the competition to harness the discontent had finally been won on the center left.

But as Trump surges and Democrats teeter in this blazing summer of discontent, it’s the 2020 election that seems more like the anomaly — a last rest stop on a wild Natural Born Killers-style jaunt. 2024 feels like the final destination in a journey bookended by two iconic roadside billboards: the “HOPE” poster featuring Barack Obama’s cool gaze, and now the photograph of a bloodied Donald Trump defiantly calling his armies to battle….

 

Can J.D. Vance’s Populist Crusade Succeed? 

Matt Stoller [BIG, via Naked Capitalism 07-19-2024]

On Monday, Donald Trump unveiled his choice for Vice President, and picked a young Senator from Ohio, best-selling author and populist J.D. Vance. Last night, Vance spoke to the Republican National Convention, attacking Wall Street barons, the war in Iraq, multi-national corporations, and trade deals like NAFTA. What he said was shocking for a Republican. “We’re done catering to Wall Street,” he said. “We’ll commit to the working man.”

But what he *didn’t* say was equally shocking. There was no talk of tax cuts, deregulation, or attacks on government, and while he levied plenty of fire at Democrats over immigration, environmentalism and overall weakness, he did not go after the substantially populist pro-labor and competition focused elements of the Biden administration. Vance’s fight is not just with Democrats, it’s within the Republican Party.

It’s hard to overstate the earthquake this pick has fostered in the citadels of power. CNBC, libertarians, and the Wall Street Journal editorial page are in mourning. “Wall Street will be begging for the return of Lina Khan after two months of the Trump-Vance administration,” said one New York dealmaker to the Financial Times. CNBC is replaying clips of the Vance speech, with Jim Cramer analogizing it to William Jennings Bryan’s famous 1896 Cross of Gold oration….

At first, Vance bought into standard libertarian ideas, consistent with Thiel’s thinking. Thiel was a co-founder of PayPal with Elon Musk, and the alums from PayPal, the so-called “PayPal mafia,” are hugely influential in Silicon Valley today, though they are not entirely aligned with big tech. Thiel, for instance, hates Google, and this group is one of Vance’s core influences….

So what does Vance think? He is in agreement with the views of a rising set of younger conservatives, populists like Sohrab Ahmari and Oren Cass, who assert that libertarianism is a cover for private rule, most explicitly in Ahmari’s book Tyranny, Inc. It is flourishing of the family that animates this new group, not worship of the market. At Remedy Fest, Vance was explicit in his agreement with this notion, saying “I don’t really care if the entity that is most threatening to that vision is a private entity or a public entity, we have to be worried about it.”….

Musk, Andreessen, and the crypto world are aligned in their own ways with Vance, though the extent of the alignment isn’t wholly clear. The arguments of these venture capitalists and crypto purveyors deserve to be taken seriously. Fortunately, Andreessen and Horowitz laid them out in a recent 90 minute podcast describing why they are supporting Donald Trump with vast financial resources. It comes down to the basic thesis that they believe that Joe Biden, far from a do-nothing President, is an existential threat to the status quo….

Andreessen and Horowitz have a view of America in which our might, and thus the world’s peace and prosperity, rests on three pillars: a strong economy, world-leading technology, and a powerful military. American culture is, as they put it, “depraved” and full of drug addiction, but our strength is that talented people can build things. We are not, as they put it, Argentina, or the Soviet Union. In World War II, America won because we invented better technology – not the government – but the private sector, the ‘Little tech’ guys like Henry Ford and Thomas Edison, whose legacy Andreessen and Horowitz see themselves as upholding….

[TW: Stoller summarizes what Andreessen and Horowitz believe:  ” In World War II, America won because we invented better technology – not the government – but the private sector, the ‘Little tech’ guys like Henry Ford and Thomas Edison, whose legacy Andreessen and Horowitz see themselves as upholding.”

Week-end Wrap – Political Economy – July 14 2024

by Tony Wikrent

The Trump Shooting: The Most Shocking Act of a Shockingly Violent Age

Michael Tomasky, July 14, 2024 [The New Republic]

This was not an abnormal incident. It’s a sign of the times….

ut whatever his motivation turns out to be, his act not isolated. There was the shooting of Republican Congressman Steve Scalise in 2017. The attack on Paul Pelosi, husband of Nancy, in 2022. Those are just the headline-grabbers, but political violence, or at least the threat of it, is now a constant in American life.

Threats of political violence against members of Congress have skyrocketed. The Capitol Police investigated 902 such threats in 2016. That jumped up to 3,939 in 2017, and by 2021, the number was more than 9,600, or 10 times the number from just five years before. Hate crimes in 2022 hit 11,288, which is up from recent years (the number was 7,759 in 2020.) Domestic terrorism is on the rise, with the preponderance coming from the political right; the National Institute of Justice, the research arm of the Department of Justice, reported earlier this year that since 1990, “far-right extremists have committed far more ideologically motivated homicides than far-left or radical Islamist extremists, including 227 events that took more than 520 lives.”

Strategic Political Economy

What Liberals Get Wrong about the Right with Corey Robin – Factually! – 236

[Youtube]

.

Rising Market Power Has Led to the Rise in Far-Right Political Parties 

[ProMarket, via Naked Capitalism 07-02-2024]

 

Is the Heart and Soul of Trump’s MAGA Base Really the White Working Class?

Les Leopold, January 16, 2024 [Wall Street’s War on Workers Newsletter; Common Dreams]

The corporate media and all too many politicians are blaming working people for the rise of Trump and MAGA. Yet, if we open our (lying) eyes a bit more, we can’t miss the massive horde of lawyers and businesspeople who serve as Trump’s enthusiastic enablers….

Political scientists Noam Lupu (Vanderbilt) and Nicholas Carnes (Duke) definitively disproved the notion that most of the people who voted for Trump in 2016 were white working class. They showed that only 30 percent of the Trump voters could be considered a part of that group….

The 2018 Primaries Project, at the Brookings Institute, reported that those voting in congressional Republican primaries in 2018 were better educated and richer than the public at large. Again, the white working class formed no more than one-third of the Republican primary base.

What about the January 6th insurrection? Wasn’t that a white working-class riot? Not according to the University of Chicago Project on Security and Threats, which analyzed the demographics of the 716 individuals who had been charged with various January 6th crimes, as of January 1, 2022. Fifty percent were either business owners or white-collar workers, and only 25 percent were blue-collar workers (defined as no college degree).

The research for my book, Wall Street’s War on Workers, provides new data that confirms the white working class does not in any way pour into Hillary Clinton’s “basket full of deplorables.” In fact, most white working-class voters have become decidedly more liberal on divisive social issues over the last several decades, including LGBTQ+ rights, immigration, and racial discrimination….

Why Blame the White Working Class?

The attacks on working-class populism have been around for more than 140 years. Corporate owners and their newspapers viciously denounced the populist movement of the late 19th century, which aggressively challenged financial and corporate power. To counter that increasingly successful movement, newspapers, as well as pro-corporate politicians, depicted the populists as ignorant bomb-throwing radicals and worse….

Week-end Wrap – Political Economy – July 07 2024

by Tony Wikrent

 

The (anti)Federalist Society assault on the Constitution

The Weekend at Yale That Changed American Politics 

Michael Kruse [Politico, magazine September/October 2018]

It’s not too extreme to say that one wonky student group founded in 1982 has reshaped the Supreme Court, and the nation. What actually happened at the birth of the Federalist Society? ….

…a few conservative students at elite law schools sensed not anxiety but a moment of opportunity. Inspired by Reagan’s ideology and emboldened by his election, they did something ambitious to the point of audacious. They asked a collection of the country’s most notable right-leaning scholars, judges and Department of Justice officials to assemble at one of the very hubs of liberal orthodoxy, the campus of Yale University. Convened principally by Steven Calabresi, who was at Yale Law, and Lee Liberman and David McIntosh, who were at University of Chicago Law, some 200 people arrived in New Haven, Connecticut, on the last weekend of April for a three-day symposium.

It had a dry title—“A Symposium on Federalism: Legal and Political Ramifications”—and it easily could have been just another set of lectures, of interest only to a small lot of participants and attendees, the kind of higher-ed, corkboard-flyer get-togethers that happen all the time with no broader fanfare or larger lasting consequences. But at this one, as speakers castigated what they viewed as coastal elites and a leftist media and legal establishment and argued for a more “originalist” reading of the Constitution, people present felt a new sort of buzz. In the hallways, between the sessions, the vibe was more than just brainy….

Over the years, the Federalists have honed a disciplined, excessively modest narrative of their origins and purpose—that they are simply a facilitator of the exchange of ideas, a high-minded fulcrum of right-of-center thought, a debating society that doesn’t take overtly partisan, political positions. That narrative is not wrong. It’s just not the whole truth. The full story of that initial weekend—based on interviews with people who were there, as well as the seldom-read words of the speeches recorded in a 1982 issue of the conservative Harvard Journal of Law and Public Policy—reveals something different. The effort was, from the get-go, aggressively political. There was a feeling of steeling for a fight….

…Bork, for example, who had been a law professor at Yale and had just become a federal judge, spoke of “the onslaught of the New Deal” and “the gentrification of the Constitution.” Abortion and “acceptable sexual behavior,” he said, should be “reserved to the states.” Pointedly, with Roe v. Wade, he said, the Supreme Court had “nationalized an issue which is a classical case for local control. There is simply no national moral consensus about abortion, and there is not about to be.”….

“Part of Reagan’s policy was to build up forces in battleground nations in order to help topple enemy regimes,” Calabresi told Riehl, “and I thought of us as kind of the same equivalent in law schools.”

At Yale, Calabresi and a couple of conservative law students formed a student group in the fall of 1981. Eating lunch one day, according to a subsequent telling in the journal at Harvard, they batted about possible names. The Ludwig von Mises Society? The Alexander Bickel Society? The Anti-Federalist Society? The Anti-Federalists, after all, were the ones who sought a more decentralized government at the time of the founding of the country. They landed, though, on the Federalist Society, because it invoked the Federalist Papers and the long-running American debate about the appropriate balance of power between the national and state governments….

…They had the beginnings of buy-in. Now they needed arguably an even more important lubricant. Money. Leveraging a recommendation from Scalia, Calabresi contacted the conservative Institute for Educational Affairs to ask. “As Professor Scalia of the University of Chicago Law School mentioned to you last Wednesday on the telephone, we are interested in holding a symposium,” he wrote early that February in a letter archived among Bork’s papers at the Library of Congress. “Professor Scalia said you thought I.E.A. might be quite interested in sponsoring and funding such a symposium.” Calabresi estimated that it would cost “in the neighborhood of $24,000.” It ended up being closer to $25,000. And it worked. IEA wrote a check that covered most of the cost. The rest came from donors, including the John M. Olin Foundation and the Intercollegiate Studies Institute….

In 1987, Bork’s Supreme Court nomination was scuttled by a liberal-led Senate campaign that used Bork’s own words on issues such as Roe v. Wade—issues he had spoken about at the symposium. It angered and motivated members of the Federalist Society, convincing them they needed to redouble their efforts. “It was a galvanizing defeat,” Hollis-Brusky told me, demonstrating to some of them that they had tried to come too far, too fast. It also reinforced the notion that ideological purity wasn’t the only ingredient to transforming the judiciary. Raw politics mattered as well. And nearly two decades later, the Federalists would cement their power by keeping someone off the court. In 2005, they agitated for the withdrawal of George W. Bush’s nominee Harriet Miers, who had no Federalist Society ties (and a conspicuously scant résumé), leading to the nomination of Samuel Alito, who did. The episode affirmed the way in which the society’s influence had grown. Alito joined fellow Federalist Society contributors Scalia, Clarence Thomas and Chief Justice John Roberts….

 

Trump’s Far-Right Army Is Threatening Bloodshed. Believe Them.

Thom Hartmann, July 5, 2024 [CommonDreams]

…America has been changed as a result of a series of corrupt rulings by Republicans (exclusively; not one of these rulings has been joined by a Democratic appointee) which have changed America’s legal and political systems themselves.…

First, in a series of decisions — the first written by that notorious corporatist Lewis Powell (of “Powell Memo” fame) — Republicans on the Court have functionally legalized bribery of politicians and judges by both the morbidly rich and massive corporations.

This started with Powell’s 1978 Bellotti opinion, which opened the door (already cracked a bit) to the idea that corporations are not only “persons” under the Constitution, but, more radically, are entitled to the human rights the Framers wrote into the Bill of Rights (the first ten amendments).

Using that rationale, Powell asserted that corporations, like rich people (from the Buckley decision that preceded Belotti by two years), are entitled to the First Amendment right of free speech. But he took it a radical step farther, ruling that because corporations don’t have mouths they can use to speak with, their use of money to spend supporting politicians or carpet-bombing advertising for a candidate or issue is free speech that can’t be tightly regulated.

Citizens United, another all-Republican decision with Clarence Thomas the deciding vote (after taking millions in bribes), expanded that doctrine for both corporations and rich people, creating new “dark money” systems that wealthy donors and companies can use to hide their involvement in their efforts to get the political/legal/legislative outcomes they seek.

Last week the Republicans on the Court took even that a huge step farther, declaring that when companies or wealthy people give money to politicians in exchange for contracts, legislation, or other favors, as long as the cash is paid out after the deed is done it’s not a bribe but a simple “gratuity.” ….

Finally, in the Trump immunity case, the Court ruled that presidents are immune from prosecution under criminal law, regardless of the crimes they commit, so long as they assert those crimes are done as part of their “official” responsibilities. And who decides what’s “official”? The six Republicans on the Supreme Court.

These actions — corporate personhood, money as speech, ending the Chevron deference to regulatory agencies, and giving the president life-and-death powers that historically have only been held by kings, shahs, mullahs, dictators, and popes — have fundamentally altered the nature of our nation….

Week-end Wrap – Political Economy – June 30 2024

by Tony Wikrent

 

The (anti)Federalist Society assault on the Constitution

[TW: There were a number of articles and videos in which people complained that “this Supreme Court is out of control.” I do not think such framing is useful. The conservative majority on the Supreme Court is very much in control of itself, and is carefully and deliberately implementing the hostile philosophy of government propounded by conservative, anti-republican theorists ever since Thomas Paine clashed with Edmund Burke, after Paine met Burke, and realized Burke may have been sympathetic to the American revolt against corrupt King, Parliament, and ministries, but was actually implacably hostile to the philosophy of self government of civic republicanism.

[Almost all of USA political history includes the background of this clash between the republicanism of Paine and the conservativism of Burke. Conservatism is simply philosophically hostile to the American experiment in republican self government. It is why conservatives argue that the Preamble of the Constitution is a meaningless flourish; that the General Welfare mandate and clause are dangerous mistakes that enable an overpowering “administrative state” and that the powers bestowed by the Constitution on the government are “strictly enumerated” and limited, not broad grants of legitimate power to solve problems not foreseen by the “founding fathers.” The Heritage collaboration with the Center for Renewing America and over 80 other right-wing groups to dismantle the “administrative state” by sharply curtailing government capacity while at the same time misusing executive power to punish political enemies — the infamous Project 2025 plan — is merely the latest development in this centuries-old struggle between conservativism and republicanism.

[There are no Democratic Party leaders I know of — with the notable exception of Representative Raskin (see below) — who discuss these issues of a philosophy for governing. In that sense, all the screaming, hollering, and agonizing over Biden’s awful debate performance is largely meaningless: there is no one in the leadership of the Democratic Party who is even attuned to the conservative / (anti)Republican assault on our government.  ]

‘Gift to Corporate Greed’: Dire Warnings as Supreme Court Scraps Chevron Doctrine

Jake Johnson, June 28, 2024 [CommonDreams]

The high court’s 6-3 ruling along ideological lines in Loper Bright Enterprises v. Raimondo and Relentless, Inc. v. Department of Commerce significantly constrains the regulatory authority of federal agencies tasked with crafting rules on a range of critical matters, from worker protection to the climate to drug safety.

The majority’s decision was written by Chief Justice John Roberts.

“The weight of human suffering likely to arise from this decision should keep the justices up at night,” said Emily Peterson-Cassin of Demand Progress, a watchdog group that called the decision “a gift to corporate greed.”

“The Supreme Court is threatening safeguards that protect hundreds of millions of people from unsafe products, bad medicines, dangerous chemicals, illegal scams, and more,” Peterson-Cassin added. “By handing policy decisions usually deliberated over by experts to lower level judges, the Supreme Court has set off a seismic political shift that primarily serves only the most powerful corporate interests.”

 

The Supreme Court Upends the Separation of Powers

Week-end Wrap – Political Economy – June 23 2024

by Tony Wikrent

 

Strategic Political Economy

Is the 4th Amendment Dead in Cyberspace?

Tracy Mitrano [Inside Higher Ed, via Thomas Neuburger, God’s Spies, June 21, 2024]

Over a year ago former director of both the NSA and CIA, Michael Hayden, flat out admitted, “we kill people based on metadata.” He quickly distinguished between the metadata about which the debate was focused, telephone records, and other forms of surveillance metadata upon which covert actions are taken. Not surprised about the actions, I confess I was taken aback when I considered the implications that this disclosure has on Fourth Amendment jurisprudence in cyberspace.

Ever since the USA-Patriot Act in 2001, I have been harping on complications of the Fourth Amendment between content and metadata in data networking. For as many years I have hoped for a revision of the Electronic Communications Privacy Act (ECPA) to correct the discordance. In all that time, I have assumed that a restructuring of Fourth Amendment jurisprudence around these distinctions might be possible.

I no longer believe that is a reasonable fix. The advanced algorithms applied to metadata in government surveillance make metadata the equivalent of content. That is what struck me about Hayden’s remarks. Not just occasional leaks of subject lines or an Internet Protocol address that resolves to a web page found in routing records, but the sorting, combining and redefining of that data into identifiable predictive behaviors that function as the basis of military or law enforcement actions. It is in this sense that I declare the Fourth Amendment dead in cyberspace. The only way to resurrect the Fourth Amendment could be to place all data, both content and metadata, under Fourth Amendment rubric.

[Neuburger: “The Fourth Amendment is gone. It was lost in 1928. So, to the question above, will we see it enforced again — in today’s security-fed state, the answer is no.” ]

 

Why Won’t the US Help Negotiate a Peaceful End to the War in Ukraine?

Jeffrey D. Sachs, June 19, 2024 [Common Dreams]

For the fifth time since 2008, Russia has proposed to negotiate with the U.S. over security arrangements, this time in proposals made by President Vladimir Putin on June 14, 2024. Four previous times, the U.S. rejected the offer of negotiations in favor of a neocon strategy to weaken or dismember Russia through war and covert operations. The U.S. neocon tactics have failed disastrously, devastating Ukraine in the process, and endangering the whole world. After all the warmongering, it’s time for Biden to open negotiations for peace with Russia.

Since the end of the Cold War, the U.S. grand strategy has been to weaken Russia. As early as 1992, then Defense Secretary Richard Cheney opined that following the 1991 demise of the Soviet Union, Russia too should be dismembered. Zbigniew Brzezinski opined in 1997 that Russia should be divided into three loosely confederated entities in Russian Europe, Siberia, and the far east. In 1999, the U.S.-led NATO alliance bombed Russia’s ally, Serbia, for 78 days in order to break Serbia apart and install a massive NATO military base in breakaway Kosovo. Leaders of the U.S. military-industrial complex vociferously supported the Chechen war against Russia in the early 2000s.

To secure these U.S. advances against Russia, Washington aggressively pushed NATO enlargement, despite promises to Mikhail Gorbachev and Boris Yeltsin that NATO would not move one inch eastward from Germany. Most tendentiously, the U.S. pushed NATO enlargement to Ukraine and Georgia, with the idea of surrounding Russia’s naval fleet in Sevastopol, Crimea with NATO states….

Brzezinski spelled out a chronology of NATO enlargement in 1997, including NATO membership of Ukraine during 2005-2010….

…In my view, [the February 2014 Maidan revolution in Ukraine] was a standard CIA-led covert regime change operation, of which there have been several dozen around the world, including sixty-four episodes between 1947 and 1989 meticulously documented by Professor Lindsey O’Rourke. Covert regime-change operations are of course not really hidden from view, but the U.S. government vociferously denies its role, keeps all documents highly confidential, and systematically gaslights the world….

 

Global power shift

US reputation on the line at Second Thomas Shoal 

[Asia Times, via Naked Capitalism 06-22-2024]

June 17 saw the most recent and most violent effort yet by the China Coast Guard to prevent the Philippines from resupplying the BNP Sierra Madre, an old navy ship deliberately grounded on Second Thomas Shoal and manned by a detachment of sailors and marines to assert Philippine control of the sea feature.

Week-end Wrap – Political Economy – June 16 2024

by Tony Wikrent

 

Strategic Political Economy

‘The whole supply chain is subsidised’: inside the EU’s blockbuster Chinese EV probe 

[South China Morning Post, via Naked Capitalism 06-13-2024]

…the tariff percentages the EU would slap on electric vehicle imports from China landed with a bang.

In the Belgian capital, officials set about briefing reporters on what had been uncovered in an investigation that saw dozens of case handlers spend 250 mission days on the ground in China, conducting 100-plus company visits, piecing together thousands of pages of evidence, which cumulatively tore a new rift in an already fraught relationship.

“The whole supply chain is subsidised,” said a senior official, who read through the charge sheet on a case that many predict could launch a trade war.
“This means that the Chinese government provides subsidies to all operators,” he continued. “Starting from the refining of lithium used in the batteries, to production of cells and batteries, to the production of BEVs [battery electric vehicles], and even transport of BEVs to EU markets.”….
Between January 2020 and September 2023, Chinese companies increased their EU market share from 4 per cent to 25 per cent, while local rivals’ share dropped from 69 per cent to almost 60 per cent, officials said.
[TW: If you really want to transition off of fossil fuels, it is basic common sense you should support in any way possible the design, manufacture, and sale of electric vehicles. This is a monstrous example of how the leadership of the West has been lobotomized by neoliberal “free market” ideology.” ]

Global power shift

MAJOR: Russia Officially Becomes World’s 4th Largest Economy, Passing Japan 

[Simplicius the Thinker, via Naked Capitalism 06-10-2024]

 

China has become a scientific superpower 

[The Economist, via Naked Capitalism 06-15-2024]

[X-Twitter, via Naked Capitalism 06-14-2024]

 

Gaza / Palestine / Israel

How ‘Israel’ Has Lost The North 

[indi.ca, via Naked Capitalism 06-14-2024]

‘Israel’ has completely lost the north of occupied Palestine. It’s under fire and on fire every day now. Hezbollah has methodically eye-poked ‘Israel’s’ intelligence outposts and is literally blasting them in the nuts every day, on camera. The map above shows the new line of control for occupied Palestine, as reported by the thinking man’s Der StürmerHaaretz. ‘Israel’ has lost it.

It’s fascinatingly boring how Hezbollah did this. For months their videos have been methodically mundane, blowing up this communication tower, that building, that listening station. It seemed like a bunch of nothing, but it adds up. Hezbollah had a list of ‘Israel’s’ eyes and ears in the north and has spent months methodically eye poking them, like Odysseus and the Cyclops. Now—however big the IOF might be—they’re effectively blinded.

As Hezbollah opens bigger and bigger gaps in ‘Israel’s’ air defenses, they can send bigger and more missiles in, with better and better penetration. For ‘Israel’, this attrition is a compounding problem. Their air defenses are a connected system and the network is increasingly returning 404. Take for example, the destruction of the $230 million dollar SKYDEW blimp/spy balloon….

Each time a hole in ‘Israeli’ air defenses opens, the hole only gets bigger, because of Hezbollah is damaging complex, interconnected systems.

Now the Meron base can barely defend itself, let alone the region. ‘Israel’ has responded by assassinating Hezbollah (and Iranian) leaders, but the Resistance just names missiles after the martyrs and send more. This is a battle of attrition and Hezbollah is paying attention while ‘Israel’ is mindlessly lashing out. ‘Israel’ is completely distracted by a genocide in the south, and has lost the battle for the north….

 

Suppressing Palestinian Drone Forces: U.S. Uses Aid Pier to Deploy Anti-Drone Combat Vehicles to Gaza 

[Military Watch Magazine, via Naked Capitalism 06-09-2024]

Week-end Wrap – Political Economy – June 09 2024

by Tony Wikrent

 

Strategic Political Economy

骑 虎 难 下

Average Old Democrat, June 02, 2024 [DailyKos]

…What happens to the Republican Party?  Where do they go and who will lead them?

The Chinese have an adage —     – “When you ride the tiger, it is impossible to dismount.”

For the past several decades, the GOP has mounted up on a lot of tigers, none of which will be happy when, post-Trump, the Republican Party tries to dismount and return to being the Republicans I grew up with – responsible, reasonable, fiscally cautious, internationalist, willing to compromise . .

… with Reagan’s August 1980 speech in Philadelphia, Mississippi, and the GOP mounted the Southern white supremacist tiger.

Then there’s the NRA tiger, which the GOP is only to happy to ride.

The list of tigers they must get down from is long — the anti-abortion tiger that now is the anti-contraception tiger; the “great replacement theory” tiger; the reduce and kill Social Security and Medicare tiger; the “teachers are grooming your children” tiger; elections are rigged tiger . . . I could go on and on but you get the picture.

How 1978 Shifted Power In America And Laid The Groundwork For Our Current Political Moment

Joshua Green, January 12, 2024 [Talking Points Memo]

…There is a backstory that illuminates the Democratic Party’s embrace of finance in the years leading up to the [2008] crash — a story that begins in 1978. At the time, Democrats were still reliable partisans of the New Deal, but the steady economic progress of the American middle class was coming to a turbulent end. Jimmy Carter was president. He was struggling, without much success, to manage an economy buffeted by inflation, oil shocks and recessions — problems for which his party had no answers. A conservative countermovement of business groups and Republican politicians was beginning to gather force. One of history’s critical inflection points arrived that fall, when Wall Street made its first deep incursion into the Democratic Party in a way that would have lasting significance, although it passed mostly unnoticed at the time.

The great irony of this early conquest is that it began with Carter’s ambitious attempt to change the tax code to favor workers at the direct expense of Wall Street investors. Instead, Carter and his fellow reformers suffered a defeat so thorough that the financial lobby not only got to preserve its favorable tax treatment, but was able, with Democratic help, to rewrite the rules of the economy in a way that gave Wall Street an enduring structural advantage at the expense of the middle class — the opposite of what Carter had set out to do….

Soon after Carter launched his presidential bid, [Charls] Walker took over a sleepy financial industry trade group called the American Council on Capital Gains and Estate Taxation and rebranded it as the more exalted-sounding “American Council on Capital Formation,” a euphemism for the aggressive accumulation of wealth. Walker began pushing the idea that the economy’s productivity crisis could be solved if the government changed the way it induced business investment. Since the New Deal, the preferred method had been the investment tax credit, which rewarded companies for building factories. This generally satisfied labor interests, since factories produce jobs. The major business lobbies like the Chamber of Commerce and the National Association of Manufacturers liked the investment tax credit because many of their members were large industrial corporations. Carter’s plan to eliminate the capital gains preference didn’t threaten them.

But it terrified Wall Street. Walker’s project was to pull off a feat of legislative legerdemain by persuading lawmakers that the solution to U.S. economic malaise lay in shifting the government’s focus to encouraging capital formation — a move that would, its backers insisted, revitalize the supply side of the economy by spurring investment, unleashing entrepreneurial energies and turbocharging productivity. In practical terms, this meant preserving the biggest giveaway to investors in the tax code: the capital gains preference….

Week-end Wrap – Political Economy – June 02 2024

by Tony Wikrent

 

Strategic Political Economy

Can Democracy and Billionaires Coexist?

Sam Pizzigati, May 30, 2024 [inequality.org]

…Back in that same 1976, the always helpful World Inequality Database reminds us, the 40 percent of Americans in the nation’s statistical middle held just over a third of America’s wealth, 33.7 percent. The top 1 percent’s considerably smaller share that year: 22.6 percent. Today’s story? Our richest 1 percent hold just about 35 percent of our nation’s wealth, our middle 40 percent less than 28 percent.

The wealthiest of our wealthy, a just-released report from Americans for Tax Fairness points out, are doing their best to keep these good times — for America’s rich — rolling.

“Just 50 billionaire families,” the new ATF report details, “have already injected more than $600 million collectively into the crucial 2024 elections, with that number sure to show accelerating growth in the final six months of the campaign.”….

What can we do to significantly limit how deeply political candidates can feed at the billionaire trough? The Billionaire Family Business — the new Americans for Tax Fairness report — advances two core recommendations.

Off Leash: Inside the Secret, Global, Far-Right Group Chat 

Ken Silverstein, May 30, 2024 [The New Republic]

Military contractor Erik Prince started a private WhatsApp group for his close associates that includes a menagerie of right-wing government officials, intelligence operatives, arms traffickers, and journalists. We got their messages….

All of which makes Off Leash arguably more concerning, because the group can’t be dismissed as merely a collection of harmless cranks. Many of the participants, though not all household names, are wealthy and politically wired—which makes their incessant whining in the group chat about being crushed under the bootheel of the deep state particularly grating—and they will collectively become wealthier and more influential if Trump wins the November election. That’s especially true of the Americans in the group, but the same holds for the international figures because the global right will become immensely more powerful and emboldened if the former president returns to the White House. That prospect is a source of great hope to Off Leash participants. “Trump, Orban, Milei, it’s happening,” former Blackwater executive John LaDelfa posted to the group during a trip to Argentina on December 4, two days after Prince created it. “Around the Globe, we are the sensible, the rational, the majority. Don’t give in to fear. We will defeat the Marxists.”….

Off Leash was launched less than two months after Israel commenced its assault on Gaza following Hamas’s deadly October 7 attack on Israel, and that topic has been one of the group chat’s main concerns since it was established by Prince on December 2….

But Biden was merely a figurehead controlled by “elements that are actually ruling for the Deep State,” he continued. The real problem was that Democrats had been “in cahoots with the Muslim Brotherhood and infiltrated by their proxies and agents, as well as Ayatollah sympathizers” ever since President Bill Clinton’s administration.

With the Democratic Party captured by Islamic terrorists, Marxists, globalists, and other foreign and domestic evildoers, the U.S. was “being destroyed from within,” warned Kasraie, whose fears were shared by many among the Off Leash crew.

 

US Immigration: How many people are coming to the US and where are they coming from?​ 

[Angry Bear, via Naked Capitalism 05-29-2024]

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