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

Category: Uncategorized Page 12 of 100

What if We Threw a Civil War and Nobody Came?

UPDATE: I forgot to include a hilarious bit of business involving the Tennessee Bureau of Investigation vs. the Millersville (TN) Police Department. Have added it below:

Sean Paul’s post on the 2nd Amendment got me thinking about the prospects for civil war in the USA, in particular this spicy quote:

So, Sean Paul, what does this have to do with the Second Amendment Right to Bear Arms?

Everything to do with slavery, and nothing to do with holding our government accountable. Seriously, do you honestly think a couple thousand Texans with AR-15s could out fight an armored brigade? GTFOH.

It won’t be lard-ass militias that matter if there is a civil implosion in the US.

These things always come down to intra-elite splits and/or intra-military splits.

There seems to be a split between the Trump-supporting majority of American police forces, right-wing military personnel, some military officers & at least some FBI vs the Trump-hating “Deep State” CIA, NSA, Pentagon elite and the rest of the active duty military.

As NPR reported in 2021, some po-po’s were even willing to put their bodies on the line for whatever it was they were trying to do on Jan 6.

Nearly 30 sworn police officers from a dozen departments attended the pro-Trump rally at the U.S. Capitol last week, and several stormed the building with rioters and are facing federal criminal charges as well as possible expulsion or other discipline.

The officers are from departments large and small. There was veteran officer in Houston, the nation’s eighth-largest department; a sergeant in the small town of Rocky Mount, Va., and a group of Philadelphia transit officers.

Note that caveat in the headline about the vast majority of them being retired. Are we too “demographically advanced” ie old to get a war on?

Also check these nifty stats from Seton Hall’s “A Demographic and Legal Profile of January 6 Prosecutions”:

The government has won all but 12 cases brought to date (five died, four fled, one acquitted, two dismissed);

517 of 716 (72%) were charged as the result of tipsters and informants;

Florida, Pennsylvania, Texas, New York, and California are home to 43.9% of those charged;

Only states not represented among the 716 arrested were North Dakota, Nebraska and Vermont;

35.1% of defendants were identified as going to the Capitol alone;

25% were armed;

18.5 % had a background in law enforcement or the military;

Largest employment group identified is the Business Owner group, which accounts for 24.7%;

Only 35 of the 716 individuals were identified as unemployed;

22.2% had a criminal record.

Note that a disproportionate amount of the Jan 6ers came from just five states: Florida, Pennsylvania, Texas, New York, and California.

And two of those states are “solid blue” and even the red and purple states each feature very Democratic cities.

If there’s no geographic continuity to the two sides are we just going to have a nationwide running gun battle instead?

But wait, the case for imminent civil war has a couple more points to make.

TX Gov Greg Abbott turning the Texas National Guard against the US Border Patrol was a very ominous sign:

Most explosively, Texas Governor Greg Abbott in January deployed the state National Guard to block the U.S. Border Patrol from accessing a 2.5-mile-long section of the border in the city of Eagle Pass. The section includes Shelby Park, a 47-acre city park along the Rio Grande named for a Confederate general who fled to Mexico rather than surrender. Border Patrol officials had been using the park for processing encountered migrants. Now, they are effectively locked out of the park, and are mostly unable to access a heavily crossed border area to do their jobs.

Fl Gov Ron DeSantis’ creation of the Florida Guard outside federal control and his proposal to send them to the Texas border is another clown show that is also actually quite scary:

DeSantis established the Florida Guard on June 15, 2022, purportedly to enhance Florida’s capacity to deal with hurricanes. It was announced as a civilian force of approximately 400 volunteers to supplement the Florida National Guard, which balances both state and federal government control. The governor asked for $2 million.

Within a year, DeSantis and the super-majority Republican Legislature converted the small volunteer force into DeSantis’ expensive private army.

MORE BUDGET, MORE POLICE POWERS

House Bill 1285 skyrocketed the budget to $107.6 million, with half of the funds designated for “military” equipment. The number of “volunteers”— handpicked by the governor — increased from 400 to 1,500, and they were granted “police powers” to detain and arrest.

Although there is a titular head of the volunteers, the Guard may be “activated only by the governor and is at all times under the final command and control of the governor as the commander in chief of all military and guard forces of the state.”

And it is not under the state’s military control because the law further provides that: “The division [i.e. State Guard] shall not be subject to control, supervision or direction of the Department of Military Affairs in any manner…”

DeSantis moved quickly after that. He set up a military training center for millions of dollars and hired a combat-training company to recruit and train members of the Guard. The contractor was awarded a non-competitive $1.2 million contract and the company’s manual provides for hand-to-hand combat, busting down walls and interdiction in the sea.

These developments show an ominous willingness to escalate political fights into military conflict on the part of the two southern GOP governors.

But militarily this is pipsqueak stuff at this point. Were a war to erupt between the Feds and Abbot and DeSantis it would be over in a few savage minutes, as long as it takes for a pit bull to maul a baby.

And the yokel governors are not the pit bull in this scenario.

But things get very interesting, in the ancient Chinese curse sense, if Trump wins the presidential election and actually manages to place loyalists in key positions at the federal level.

But that’s a big if.

Politically Trump seems way off his game from 2016. Steve Bannon’s in jail and Trump has his head up his own ass. The rousing populism and ‘did he really say that?’ demagoguery are missing.

That makes it less likely that he could motivate supporters to truly crazy extremes.

Does Trump really seem to care enough to organize a civil war?

Also there’s the matter of social cohesion — oddly, it’s a critical ingredient for a civil war. Each side has to at least some internal unity to present a sufficient problem to the other side necessary for the brouhaha to go from “civic disturbance” or “riot” to CIVIL WAR.

Aurelian argues we don’t have enough social cohesion to get a war on.

For all the fashionable talk of “civil war,” a civil war requires organised parties competing for control of the future of the political system. We don’t have that, we just have individuals, and small groups without much cohesion, united only in their detestation for the system.

It may be the case that we can bumble our way into something really nasty without  leadership on either side capable of catalyzing discontent into a coherent force.

If there’s a major economic collapse or a military disaster on a foreign front all bets are off.

But even in those scenarios, I’d anticipate more of a gradual disintegration into warlordism than an 1860 type thing.

UPDATE: I can’t believe I forgot to include the piece de resistance. This is a classic real-world example of a conflict between MAGA chuds in power locally vs. a state law enforcement agency:

In a perplexing pair of podcast interviews, the Millersville chief of police says the Tennessee Bureau of Investigation has begun limiting his department’s access to certain sensitive law enforcement data.

It follows a scandal first dug up by NewsChannel 5 Investigates into the troubled police department for the community of 6,000 just north of Nashville.

“Once we start getting this bad publicity, our access starts getting cut off to financial reports, FinCen,” Chief Bryan Morris said in an interview with far-right podcaster Tom Renz. The interview was posted on X, the platform formerly known as Twitter.

“We can’t do investigations,” the chief continued. “We don’t have everything in this office that we need, you know.”

Renz chimed in, “You need the tools provided by federal law enforcement and other agencies, and state agencies.”

“And now we’re being denied that,” Morris insisted.

Morris — who also serves as interim city manager — claimed his department is now cut off from one of the most sensitive law enforcement data sources available.

The Financial Crimes Enforcement Network — sometimes known as FinCen — is a program run by the U.S. Department of Treasury that can give police access to certain banking and other financial records of individuals when there is a legitimate law enforcement purpose.

Morris claimed that, because of NewsChannel 5’s investigations into his conspiracy-minded assistant police chief, Shawn Taylor, the TBI has now cut them off.

Renz asked, “Have they given you a good reason that they are denying you access?”

“No,” the chief answered. “I’ve actually called down there and talked to them, and what I’ve been told is we’re on hold because they are auditing us.”

As part of Taylor’s many bizarre conspiracy theories — including claims that some of the nation’s most powerful political figures are involved in child sex trafficking — Taylor has sometimes boasted about having access to sensitive data linked to some powerful people.

That includes the banking records for U.S. Senator Marsha Blackburn’s campaign.

 

Week-end Wrap – Political Economy – August 25 2024

by Tony Wikrent

 

Strategic Political Economy

How Europe Could Reinvigorate Their Economy

Ian Wlesh, August 22, 2024

Force the US to reduce embassy staffs by 90% and remove all US NGOs and similar organizations.

 

Nicaragua shuts down 151 more NGOs, including US Chamber of Commerce affiliate 

[Anadolu Agency, via Naked Capitalism 08-23-2024]

 

How the Pentagon built Silicon Valley 

[Responsible Statescraft, via Naked Capitalism 08-21-2024]

[Yves Smith notes: This was documented years ago in Marianna Mazzucato’s book, The Entrepreneurial State.]

 

Global power shift

“How China acquires ‘the crown jewels’ of U.S. technology” 

[Pekingnology, via Naked Capitalism 08-19-2024]

 

Who Benefits From Sanctions? 

[Phenomenal World, via Naked Capitalism 08-19-2024]

‘On “How Sanctions Work: Iran and the Impact of Economic Warfare” by Narges Bajoghli, Vali Nasr, Djavad Salehi-Isfahani, and Ali Vaez.’

 

A Look at Iran’s First Ever Aircraft Carrier: Shahid Bagheri Promises to Expand Reach of Stealth Drone Fleet

Military Watch, August 21, 2024

 

Russia / Ukraine

Back to the Bloodlands: Operation Krepost 

Big Serge [ via Naked Capitalism 08-21-2024]

[The Ukrainian attack into Russia]

 

Oligarchy

As RFK Jr. Backs Trump, Here’s the Secretive Billionaire Plutocrat Funding Them Both

Jake Johnson, August 24, 2024 [CommonDreams]

Timothy Mellon, the reclusive heir to a Gilded Age fortune, has poured over $165 million into the 2024 election so far, with tens of millions backing both Donald Trump and Robert F. Kennedy Jr.

 

Koch Invests in Massive Land Grab From West African Herders 

[Exposed by CMD, via Naked Capitalism 08-22-2024]

 

Predatory finance

Crypto Took Down Another Federally-Insured Bank and Just Handed Its CEO a 24-Year Prison Sentence

Pam Martens and Russ Martens, August 23, 2024 [Wall Street on Parade]

Last year, the staff of a federally-insured bank in Kansas, Heartland Tri-State Bank, wired out more than one-third of the amount the bank held in deposits to a crypto scam. Why did they do that? Because the CEO of the bank, Shan Hanes, told them to do it. Hanes had become one more crypto sucker seduced by the allure of a get-rich-quick scheme. On Monday, Hanes was sentenced in a case brought by the U.S. Department of Justice to 24 years in prison for embezzling $47.1 million (via the wire transfers shown in the graph above) from the bank he was in charge of protecting. The bank failed last July with the Federal Deposit Insurance Corporation (FDIC) stepping in to make depositors whole while the investors in the bank (shareholders) were wiped out….

Open Thread

Use to discuss topics unrelated to recent posts.

Week-end Wrap – Political Economy – August 18 2024

by Tony Wikrent

 

Strategic Political Economy

The world will lose $4.7 trillion of revenue in the next decade to tax havens. How did we get here? 

[The Business Standard, via Naked Capitalism 08-16-2024]

 

American Pharmaceutical Companies Aren’t Paying Any Tax in the United States

Brad W. Setser and Michael Weilandt [CFR, via Naked Capitalism 08-16-2024]

It is an undisputed fact that American pharmaceutical prices are the highest in the world…. However, those high prices do not translate into high reported profits in the United States. Rather the contrary: large pharmaceutical companies generally report losing money in the U.S….

So high prices strangely seem to correlate with large losses. This, of course, is a clear sign that pharmaceutical companies live in a world marked by transfer pricing and tax arbitrage….

The average effective tax rate paid in the U.S. (so U.S. tax paid versus global profit) was only 3 percent from 2018 to 2022, well below the typical effective tax paid in the US before the Tax Cuts and Jobs Act (see the work of Senator Wyden and his staff for more details).

A Very Good Sign: Kamala Harris Is Going Right at Corporate Greed 

Nick Hanauer, August 16, 2024 [The New Republic]

… Greedy CEOs have milked the average American household for $12,000 since the pandemic. As a businessman, I can explain how they’re doing it. …if you compare corporate profits in 2019 to the last four years, you’ll find corporations have gouged their way to an almost unbelievable $1.5 trillion in excess profits since 2020—that’s in addition to their pre-pandemic profit rates.

That means the average American household has paid an eye-popping $12,000 in higher prices solely to pump up quarterly corporate profit margins. To put that figure into perspective, $12,000 could buy the average American household more than two years’ worth of groceries….

Over the last two years, CEOs learned they could get away with padding their profits by keeping prices high. We have really great evidence that this is what’s been happening, because CEOs admitted this is what’s been happening.

For example, Procter & Gamble chief financial officer Andre Schulten bragged during a 2023 earnings call that even though the company’s input costs to make diapers had decreased, they were still keeping consumer prices high….

This corporate embrace of price gouging is a new and troubling development in American capitalism. And this is an area I know something about.

I’ve founded, financed, and/or run 43 different companies, spanning a dozen different industries…. I’m deeply acquainted with all the tricks of the trade when it comes to corporate profit margins.

But I’ve never seen executives exult in raising prices like this….

The chasm between corporate costs and profits has never been greater in my lifetime:

Immediately before the pandemic, corporate profits were 9.7 percent of the total gross domestic product. From 2020 to 2023, they spiked to an average 11.2 percent of annual GDP. The disparity between those two numbers amounts to a jaw-dropping $1.5 trillion more of our economy that was transferred over to corporate profits in the last four years.

That money was picked directly from the pockets of American families, who each paid $12,000 more to plump the profit margins of corporations (and that’s not even counting the excess APR rates that have cost the average credit card user $946 over the same four-year period)….

 

Global power shift

China is on track to overtake France and the United States as the world’s leading source of atomic power 

[BNE Intellinews, via Naked Capitalism 08-15-2024]

Open Thread

Use to discuss topics unrelated to recent posts.

Week-end Wrap – Political Economy – August 11 2024

by Tony Wikrent

 

Strategic Political Economy

In 2023 the world’s forests stopped acting as a carbon sink 

[REDD Monitor, via Naked Capitalism 08-10-2024]

At the recent International Carbon Dioxide Conference in Manaus, Brazil, scientists presented preliminary findings that in 2023 the world’s forests stopped acting as a carbon sink. An intense drought in the Amazon rainforest and record wildfires in Canada were part of the reason that forests and other land ecosystems emitted almost as much carbon dioxide as they removed from the atmosphere.

Usually, forests remove about one-quarter of the world’s annual CO₂ emissions from the atmosphere. But in 2023, that carbon sink collapsed, study co-author Philippe Ciais of the French research organisation the Laboratory for Climate and Environmental Sciences told Reuters.

As a result, in 2023, the growth rate of CO₂ in the atmosphere shot up by 86% compared to 2022. Yet CO₂ emissions — which come mainly from burning fossil fuels — only increased by between 0.1% and 1.1%. The explanation is that natural carbon sinks absorbed much less….

 

‘Holy Sh*t This Ad Is Powerful’: UAW Says It Knows How to Defeat Trump and the Billionaire Class

Jon Queally, August 10, 2024 [CommonDreams]

“This is brilliant,” said author Naomi Klein in response to new United Auto Workers ad….

“There is only one answer to the threat we face as a nation. The answer is solidarity.”

That is the core message directed at the American working class from the United Auto Workers (UAW) in a new ad that frames the nation’s current political battle as one between organized workers and the billionaire and corporate classes.

“We stand at a historic crossroads in this country right now,” says UAW president Shawn Fain to begin the 2-minute video. “And it’s clear Donald Trump represents the billionaire class—that’s his base.” ….

UAW: Fight For a Better Life

“The dream of a man like Donald Trump is that the vast majority of working class people will remain divide,” says Fain. “They divide us by race. They divide us by gender, by who we love, or where we were born. That’s the game of the wealthy, divide and conquer

 

The battle over who makes the rules for US companies

[Financial Times, via Naked Capitalism 08-06-2024]

….Over the past autumn and winter, the Chancery trial court ruled on three highly esoteric matters of corporate law, making certain long-accepted dealmaking practices impermissible.
But, this summer, the state’s legislature and governor were quickly persuaded by the influential law firms that represent big companies to enact changes to the Delaware General Corporation Law that nullified the rulings. The convention of waiting for the Delaware Supreme Court, often a tempering mechanism, to hear any appeals was ignored.
Lawyers representing pension funds, asset managers and individual shareholders fret that the changes will unduly limit their ability to bring lawsuits against misbehaving corporate boards and overmighty founders.
And many law professors worry that the foundations of Delaware corporate law have been carelessly erased without an understanding of the broader consequences….

Global power shift

China Is Done With Global Carmakers: “Thanks For Coming”: Dwindling Sales and Vanishing Profits

Michael Dunne, August 06, 2024 [via Naked Capitalism 08-10-2024]

For most of this century, foreign brands totally dominated China’s car market. Every year, they sold millions of cars and earned billions in profits.

Chinese consumers swarmed into Buick, Volkswagen, BMW and Toyota showrooms nationwide, happy to pay cash for the prestige of owning a brand that wasn’t Chinese.

“China is our forever profit machine,” my colleagues at GM liked to humble-brag a decade ago, back when I ran GM’s Indonesia operations. “We can bank on an easy $2 billion dividend every year.”

Now, suddenly, that golden era is over.

Sales and profits in the People’s Republic are vanishing. And boards in Detroit, Wolfsburg and Tokyo are stunned by the speed and intensity of the changes.

Ford has lost more than $5 billion in China since 2020. Sales are down 70% from their peak. “We’ve never seen competition like this before,” says CEO Jim Farley.

GM is hurting, too. The former poster child for sunny US-China relations, GM has lost more than $200 million so far this year alone. That marks the first time in two decades that GM’s China operations have printed red ink….

Driving China’s ascendancy is a massive and abrupt shift to electric vehicles. The EV share of total car sales will jump to almost 50% this year, up from just 6% in 2020.

Think about that. China has sprinted from 1 million to more than 10 million annual EV deliveries in just four short years. (I already see you dealership folks scratching your heads in amazement.)

Global automakers were caught flat-footed on EVs, lulled into complacency by years of winning at selling gasoline-powered vehicles.

 

TSMC Arizona struggles to overcome vast differences between Taiwanese and US work culture 

[Tom’s Hardware, via Naked Capitalism 08-10-2024]

[NC commenter Micael T: “So all this American Talwan vs. China nonsense iis really about importing new management practices to the US?” Moi: Some of you may remember that Toyota went into a joint venture with GM to take over GM’s worst plant, which feature regular absenteeism and drunkenness in its workforce, and of course high defect rates. Toyota got the plant performance to above average for Toyota plants, which was much higher than GM levels.”]

Open Thread

Use to discuss topics unrelated to recent posts.

Week-end Wrap – Political Economy – August 4 2024

by Tony Wikrent

 

Gaza / Palestine / Israel

US Urged to Condemn Israel’s ‘Summary Execution’ of Two Journalists

Edward Carver, August 02, 2024 [CommonDreams]

A Palestinian journalist on Thursday pressed a U.S. State Department spokesperson to characterize the killings of two Al Jazeera journalists by Israeli forces as summary execution.

The heated press briefing followed an airstrike on Wednesday that killedAl Jazeera reporter Ismail al-Ghoul and cameraman Rami al-Rifee, and sparked global outrage. Israel’s military acknowledged targeting al-Ghoul, saying he was “eliminated” because he was a Hamas “terrorist,” an allegation the Qatar-based network said was “baseless.”

The death toll of Palestinian journalists and media workers now stands at least 108, including several intentionally targeted by Israel forces, according to the Committee to Protect Journalists (CPJ).

 

[X-Twitter, via Naked Capitalism 07-31-2024]

It’s telling Israel (allegedly) can conduct pinpoint operations thousands of kilometers away to a capture target with precision, yet just two kilometers from home, they use 5-ton bombs on families to eliminate minor threats.

Oligarchy

Private Equity Giants Invest More Than $200M in Federal Races to Protect Their Lucrative Tax Loophole 

[Exposed by CMD, via Naked Capitalism 08-02-2024]

 

The carnage of mainstream neoliberal economics

Uber, Lyft and Others Win California Ruling to Treat Drivers as Contractors 

[Wall Street Journal, via Naked Capitalism 07-28-2024]

 

Big Law Confronts Tail Risk Threat to Private Equity Bankruptcy 

[Bloomberg, via Naked Capitalism 07-29-2024]

Big Law partners are looking at a ruling that sent shock waves through the bankruptcy world as a lesson rather than a serious threat to their model of representing both private equity sponsors and their distressed portfolio companies.

The fallout comes in the wake of a decision this month in the Eastern District of Virginia. The court declared Vinson & Elkins could not represent wood-pellet maker Enviva Inc. in its bankruptcy case due to the law firm’s longstanding relationship with Riverstone Investment Group LLC, a private equity firm that held 43% of Enviva’s publicly traded shares.

Page 12 of 100

Powered by WordPress & Theme by Anders Norén