Neoliberalism understood [and what to do about it]

Now is the time to speak the clear truth, which is that for America to be the nation that we want, we have to make things for those at the top worse. They can afford it. Perhaps that’s the greatest sin of all of it: the notion that what’s good for the wealthiest is good for the poorest. If we derive any wisdom from this terrible crisis, let’s start by acknowledging the obvious: that different classes are in fact natural antagonists, that sometimes we need to support one against the other, and that when those on top have too much power and too much money, it has to be clawed back, by the people, in a way that some won’t like. No more lies about rising tides, but instead the reality of class conflict.

http://tinyurl.com/cr6vrey

From Occupy to Quebec – Deepening the Struggle through Strategic Demands

If the Occupy movement did one thing in North America, it put class on the agenda.

By making it easier to forge links between differing struggles, the language of the 99 percent has acted as a social lubricant between struggles previously atomized by elite narratives. This shared language of inequality is perhaps the greatest gift the Occupy movement has given to those fighting for a more socially just world.

Thus, the Occupy movement should be seen as ultimately posing the question: If our society is increasingly unequal, what are we going to do about it?

http://tinyurl.com/7enkrah

Julian Assange show: Occupy, the movement to fight a global ‘enemy’

“There’s a feeling out there that the enemy is becoming increasingly globalized, and the only way it can be challenged is by global movements,” [David] Graeber said.

Although it is economic and social inequality that are named as the main causes behind Occupy, Alexa O’Brien from Occupy in New York and US Day of Rage says it is not just about the global financial crisis but also about a global political crisis – because “institutions are no longer functional.”

[Arron] Peters [of Occupy London] agreed, saying that political failure is a global phenomenon.

“We now recognize that public policy outcomes aren’t happening at the national level, and that policy makers aren’t actually the ones who are in national parliaments. They are elsewhere, and the ones that are dictating policy aren’t any way accountable, or, you know, they are not democratic representatives,” he said.

http://tinyurl.com/d76q82o

Continue reading “The OB Media Rundown for 5/29/12” »

Target on your cyber back: DHS has a list of words deemed ‘suspicious’

The Department of Homeland Security has flagged hundreds of words as “suspect” – and while many make sense, like “Al Qaeda,” some are just plain odd. For example, the DHS may dig through your cyber life if you write something about snow. Or pork.

So, you’ve just come back from a beach holiday in Mexico and posted about it on your blog. Or maybe you’ve tweeted about skiing lessons? Updated your status, saying you’re stuck home with food poisoning?

All those things will tweak the DHS antennae, according to a manual published by the agency. The Analyst’s Desktop Binder, used by agency employees at their National Operations Center to identify “media reports that reflect adversely on DHS and response activities,” includes hundreds of words that set off Big Brother’s silent alarms.

http://tinyurl.com/caqbj26

“Fusion Centers” Circumvent Laws Against Domestic Surveillance (Spying on Occupy)

If recent documents obtained by the Partnership for Civil Justice Fund (PCJF) are any indication, the Occupy Movement continues to be monitored and curtailed in a nationwide, federally-orchestrated campaign, spearheaded by the Department of Homeland Security (DHS).

http://tinyurl.com/chaptcd

What if Glass-Steagall hadn’t been repealed?

As soon as the Great Crash hit, we were inundated with paid experts explaining to anyone who would listen that the repeal of Glass-Steagall did not cause the Great Crash. That went pretty well for the people who repealed Glass-Steagall, so now they started pushing the idea that Glass-Steagall would not have prevented banks from engaging in the activities that led to the Great Crash. We get a crash course from Andrew Ross Sorkin in the New York Times Dealbook, who begins by blaming the left for perpetuating the meme that repeal led to the Great Crash.

Sorkin argues that you can look at each failed entity and see that it was never covered by Glass-Steagall, like Lehman or Bear Stearns or AIG; and that for banks, which once were covered by Glass-Steagall, the problem came from the commercial side, in the form of bad mortgage loans. That superficiality is the hallmark of the defenders of Wall Street. So let’s try to look a bit deeper.

The most important impact of Glass-Steagall is that it reduced the number of openings for investment bankers. If commercial banks couldn’t have investment banking arms, they would not have needed to hire investment bankers. There would not have been the crushing need to make gigantic profits off those people. There would not have been the enormous pressure to find ways to make money, including cutting corners and outright fraud. And there would have been fewer people trying to make themselves insanely rich with other people’s money, and at no risk to their personal finances.

http://tinyurl.com/7p2zt23

Continue reading “The OB Media Rundown for 5/28/12” »

Austerity and ideology go hand-in-hand: Canada’s mass firing of ocean scientists brings ‘silent summer’

Canada is dismantling the nation’s entire ocean contaminants program as part of massive layoffs at the Department of Fisheries and Oceans. [Chief researcher Peter] Ross told EHN that his main concern is the “wholesale axing of pollution research” that will leave Canada, and much of the world, without the scientific knowledge to protect whales, seals, fish and other marine life — as well as the indigenous peoples who rely on them for their traditional foods. Many scientists say the purpose of the move by the Canadian government is not just cost-cutting but to eliminate environmental rules and protect the oil and gas industry. The following is an essay that Ross wrote Thursday for EHN.
. . .

It is with deep regret that I relay news of my termination of employment at Fisheries and Oceans Canada and the loss of my dream job. It is with even greater sadness that I learn of the demise of DFO’s entire contaminants research program – regionally and nationally. It is with apprehension that I ponder a Canada without any research or monitoring capacity for pollution in our three oceans, or any ability to manage its impacts on commercial fish stocks, traditional foods for over 300,000 aboriginal people and marine wildlife.

Canada’s silence on these issues will be deafening this summer and beyond.

http://tinyurl.com/7hjpvlu

The US public school system is under attack

The US public school system, once a model for the world, is under sustained attack by the nation’s elites. Philadelphia, the latest casualty, is getting ready to sell off its schools – and their governance – to profiteers and snake-oil salesmen. We already know how this story ends.

The Philadelphia school system announced in late April that it was on the brink of insolvency and would be turned over to private operators, dissolving most remnants of democratic governance. Specifically, if the city’s leaders have their way, 64 of the city’s neighbourhood public schools will close over the next five years, and by 2017, 40 per cent of the city’s children will attend charter schools. These are are privately run schools that use public funds. Perhaps most disturbingly to those who value democracy and doubt the wisdom of corporate elites, the city will have no oversight of its own school system. Schools will instead be governed by “networks”, control of which will be auctioned off through a bidding process, and could be bestowed on anyone – including a CEO of a for-profit education company.

The situation in Philadelphia, which has received amazingly little attention from the national media in the US, offers a disturbing window onto what the US elite is planning for the rest of our public schools – disturbing because Philadelphia’s experience has already demonstrated that turning public education over to private entities will ultimately lead to its destruction.

http://tinyurl.com/7cfseoz

Inequality wasn’t the answer: in fact, it was our downfall

There is a popular argument, put forward by Ben Broadbent at the Bank of England among others, that the UK’s unprecedented levels of household debt don’t matter, and won’t hold back recovery, because they have been matched by a sharp increase in assets.

That sounds right if you think of homeowners matching their rising mortgages against rocketing house prices. But NIESR found that, in fact, it was overwhelmingly the poor doing the borrowing through this period while the rich were accumulating the assets. Over the decade to 2007, for example, the bottom 10% of households saw their incomes grow by 17% but their spending rise by 43%. As NIESR puts it: “Given only a minority of the poorest are homeowners paying off their mortgage, it is highly unlikely this was counterbalanced by an increase in housing wealth.”

Without this borrowing binge, it is likely that consumption would have collapsed, and with it growth. And because many poor families are now hamstrung by unpayable debts, demand may be held back for years. So it seems rising inequality does matter – economically, as well as politically.

And it is this history – of decades in which lavish rewards accrued to the few while everyone else papered over the cracks with debt – that could make austerity impossible to bear.

http://tinyurl.com/cwxn2a7

Continue reading “The OB Media Rundown for 5/27/12” »