Showing posts with label wealth inequality. Show all posts
Showing posts with label wealth inequality. Show all posts

Thursday, March 10, 2011

Revolution Postponed, Perhaps Indefinitely

by Len Hart, The Existentialist Cowboy

I have been urging a 'peaceful revolution' for some 20 years now! I might have been wasting my breath and keyboard! The time for that has come and gone!

In America, too many progressives seemed content to post ugly caricatures of Bush Jr or the usual and almost always correct assessment of his utterly failed regime. Anyone would have been better, we supposed!

It was too easily forgotten that in the United States there is no 'left wing' with which to mount an effective opposition --let alone revolution. Campaigns are incredibly expensive to 'run' and even more so to 'win'! Only the increasingly concentrated, corporate media benefits. In a nation in which right wing policies --most notably those of Ronald Reagan --have resulted in the enrichment of an increasingly tiny elite, the tiny elite tolerates elections to maintain the appearance of 'Democracy'. I will not bother to post the actual 'Gini Indices' that prove that point --a point that should already have been made, documented, and known by all. In short, American wealth is increasingly concentrated in fewer hands with the rise of the GOP. It is not a coincidence --it's policy! Reagan's 'tax cut' and subsequent GOP largesse was and remains a payoff to the base.

But what is to be done about it? Forget about waging revolution in the conventional sense. The only hope left Democrats is a peaceful revolution waged first from within the party. It must be recalled that Hitler's 'Beer Hall Putsch' succeeded in getting Adolph arrested and thrown in jail. It is tragic that he learned from his mistake and eventually won the leadership of what was, at the time, a 'socialist workers' party. It would not remain so long. A. Hitler --like so many American politicians --pulled a 'bait and switch' on the German people.

The Democratic party is reduced to 'sloppy seconds'; they are but a hedged bet for those who buy and finance not just individual politicians but the process itself. We are property! Realistically --how 'radical', how 'progressive', how innovative can a Democratic candidate be when his/her entire campaign is financed by the same folk who brought you Ronald Reagan, George H.W. Bush, George W. Bush --the three worst 'presidents' in U.S. history --the 'three horsemen of the political apocalypse'?

Progressives were content to sit on their asses and bitch about the choices in the general election! In many ways, the general election is the least important aspect of a political campaign. Policy and issues have been long decided. Is it no wonder, then, that elections are increasingly boring. Nothing new is ever said. Indeed, progressive issues are always the target of the right wing, prominently --Social Security.
To combat socialism Bismarck put through between 1883 and 1889 a program for social security far beyond anything known in other countries. It included compulsory insurance for workers against old age, sickness, accident and incapacity, and though organized by the State it was financed by employers and employees. It cannot be said that it stopped the rise of the Social Democrats or the trade unions, but it did have a profound influence on the working class in that it gradually made them value security over political freedom and caused them to see in the State, however conservative, a benefactor and a protector. Hitler, as we shall see, took full advantage of this state of mind. In this, as in other matters, he learned much from Bismarck. ”I studied Bismarck’s socialist legislation,” Hitler remarks in Mein Kampf (p. 155), ”in its intention, struggle and success.”

--Adolph Hitler, Mein Kampf, as quoted by William Shirrer, The Rise and Fall of the Third Reich, p 87.
Nazis were attacking 'Social Security' even in the 'Third Reich' and, given a chance, the GOP will attack and finish it off in a 'Fourth Reich' of their creation. As far as 'Social Security' is concerned it is --arguably --the government's ONLY success story, contrary to the following 'specimen' of the kind of fallacious and idiotic thinking that is destroying our nation before our eyes:
Regardless of what you personally think, Social Security is completely illegal and unCONstitutional, if you believe that the CONstitution is legally binding on anybody. I, on the other hand, take Spooner's attitude that it is NOT, and that therefore, the criminal syndicate referred to by dolts as the "federal government" has no legal authority at all.

--An idiot
If Social Security were illegal (it is not) it ought NOT to be! Without it, any one of a number of GOP recession/depressions would have decimated millions of productive Americans whose 'work' made the nation strong. For the same reason, the ruling elites of the right wing will cut off their own noses but --sadly --not until they have relegated the rest of us to misery in the land of the worthless dollar! Alas! Comments like the excerpted one above tend to confirm many in the growing belief that we will have deserved our fate.

It is often said that there are no differences between the parties --a simplistic excuse for not getting involved at the local level during the primaries. If there are few differences between the major parties, then millions have been disenfranchised, left with no one to vote for. Any large block reduced to voting 'against' a major candidate has already lost, before the elections, the opportunity to vote 'FOR' a candidate.

The oft repeated excuse is: '...but there are no differences between the candidates'! There never will be if most of the population 'sits out' the primary process. There are, in fact, real differences between Democratic and Republicans not the least of which is the fact that every Democratic President at least since World War II has significantly better GDP and job creation records than any Republican president. There are other less significant differences but real nonetheless. But few people know this and, Democrats seem too timid to mention it during campaigns. Democrats should be beating the fricking GOP over its collective head with the truth!

In summary, the GOP dictates the agenda because it is owned by the ruling elite and, as a result, GOP policies are designed to enrich this elite. As long as the money drives campaigns, the differences between the parties will continue to blur and/or diminish. At present, Democrats get monies from the same people who finance the GOP. The Democratic party is reduced to a 'hedged bet'. The elites have the money, finance the elections. Democrats cannot afford to be truly independent. It's all a self-fulfilling prophecy, an echo chamber in which real people are simply drowned out. If you don't think so, just try getting 'equal time' to counter the bullshit that is spewed by Fox, Limbaugh, Beck, Billo and the boys!

Real reforms that could change things would be opposed by the big corporations. Naturally --when corporations via K-Street dictate policy, nothing will change. The power is entrenched. A real revolution would mandate mass bustups of the entrenched powers --corporations, the corporate kingmakers who 'select' the candidates they like with a check!

By the time, the 'general election' rolls around, the slate is reduced to Frick or Frack, Dumb or Dumber! There are no viable third choices! Nevertheless --not voting concedes the nation to the GOP. That is not an option. The better option --the third option --does not exist: a viable, grassroots, active 'progressive party' (if that is the preferred label these days)!

As I have written time and again --if 'progressives' want a real revolution they must first wage one inside the existing Democratic party. Progressives must take back the Democratic party --the party of Roosevelt and real progressives.

Even Hitler did not start from scratch; he and his goons got involved and took over an existing party, rebuilt it in their image, organized at the local level and eventually became a force to be reckoned with. Read Shirer's 'The Rise and Fall of the Third Reich'. Read any history of any revolution. Revolutions are not waged nor won by sitting on one's ass watching CNN and bitching about things. Do you think Hitler invented the Nazi party? No --he did not! But neither was he sitting at home --swilling a lager --while listening to 'primary' returns on the radio!

Many people claim to have options, choices, privileges, luxuries that they don't have, perhaps never had! But sitting out the primaries is not one of them if you wish to make a difference. Hitler did not invent the NAZI party; he took it over. With it, he built up a base of support that Hindenburg had to deal with and eventually make concessions to.

Anyone not willing to get involved in local conventions might as well stay home, swill a beer and watch the returns! But don't bother! Because millions think as you do, the end result has all been worked out on K-Street! One of only two viable candidates will win having been financed by the very same big money that bankrolls both major candidates. Interestingly, less money is given to the Dems! The Democrats have been reduced to supporting an illusion of Democracy.


Arrowsmith [Aerosmith] Eat the Rich!

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Monday, October 19, 2009

Michael Moore: How 'Banksters' Bleed America

by Len Hart, The Existentialist Cowboy

I have stats that prove just one percent of the US population owns more than 95 percent of the rest of us combined. We are supposed to believe that's just an accident! It was, in fact, a deliberate transfer of wealth to those who benefit from US largesse to the US wealthy, members of the Military/Industrial complex, and, as Michael Moore dramatically demonstrates --a gang of 'banksters' who may have manufactured the recent 'financial crisis'!

Certainly --at the end of this 'crisis', only the 'banksters' will have benefited. Some already have! Everyone else wil be poorer if not poverty stricken. Bluntly --I am not all that excited about the restoration of the 'economic health' of the parasites who have leached upon the labors of those who create real wealth: workers!

It was written recently that Wall Street types were 'mocking' us, 'us' being the people of the US. Well, of course, Wall St mocks us. They're alright! They made out like the bandits they are in fact. Write this down: 1) Rich folk, bankers and elites LOVE recessions; they start them by 'taking their profits' i.e, dumping their holdings and depressing markets. 2) They short sell all the way down. 3) Then, they pick up the bargains when you are forced to sell or have already declared bankrupcy.

The banksters can do this because they control the markets.


Michael Moore 'Shakesdown' the Robber Barons

Clearly, the REAL cause of the economic collapse is the precipitous decline of US productivity over a period of some 30 years. The tell-tale symptom of this decline has been the fall of the dollar since Richard Nixon abandoned the 'gold standard' for the obvious reason that a run on the buck would have emptied Ft. Knox. Given a few ups and downs, the dollar has declined along with purchasing power, wages and living standards since that time.

The truth of my assertions can be found in the CIA's own 'World Fact Book' which lists China at the top of the list with the World's LARGEST POSITIVE 'current account balance'; the US is on bottom with the world's largest NEGATIVE current account balance, formerly known as the 'balance of trade' deficit! The difference between China's positive account and the US's negative account is largely the monies you might have made had not the GOP betrayed the American middle and lowers classes even as it enriched an increasingly tiny, ruling elite!
But it’s not a simple case of flourishing banks versus ailing workers: banks that are actually in the business of lending, as opposed to trading, are still in trouble. Most notably, Citigroup and Bank of America, which silenced talk of nationalization earlier this year by claiming that they had returned to profitability, are now — you guessed it — back to reporting losses.

Ask the people at Goldman, and they’ll tell you that it’s nobody’s business but their own how much they earn. But as one critic recently put it: “There is no financial institution that exists today that is not the direct or indirect beneficiary of trillions of dollars of taxpayer support for the financial system.” Indeed: Goldman has made a lot of money in its trading operations, but it was only able to stay in that game thanks to policies that put vast amounts of public money at risk, from the bailout of A.I.G. to the guarantees extended to many of Goldman’s bonds.

So who was this thundering bank critic? None other than Lawrence Summers, the Obama administration’s chief economist — and one of the architects of the administration’s bank policy, which up until now has been to go easy on financial institutions and hope that they mend themselves.

Why the change in tone? Administration officials are furious at the way the financial industry, just months after receiving a gigantic taxpayer bailout, is lobbying fiercely against serious reform. But you have to wonder what they expected to happen. They followed a softly, softly policy, providing aid with few strings, back when all of Wall Street was on the ropes; this left them with very little leverage over firms like Goldman that are now, once again, making a lot of money.

--Paul Krugman, The Banks are no Alright

The US is now a COW to be milked by 'banksters' at home and the Chinese ruling elite abroad. It was the treacherous, if not treasonous, activities of Bush, Nixon, Reagan and, most recently, Bush JR, who brought the world's great superpower to its knees!

It was Bush Jr who laid the groundwork for Nixon's famous trip China back in the seventies. Today, China props up a worthless dollar so that it can continue to sell US consumers --sheeple --products that were once produced by US industries, US businesses who employed a prosperous US working class that, bluntly, no longer exists. Name a single heavy industry in which the US leads the world (excluding military hardware). Secondly, the US dollar is worthless were it not propped up by China who is just trying to save their own asses by doing so.

Kudos to both Democracy Now and Michael Moore. Beginning with the 1989 classic Roger & Me, the Academy Award-winning director Michael Moore says his films come back to a central core concern: the economic system we have is unfair, unjust and undemocratic.

With his new film, Capitalism: A Love Story, Moore tackles the financial system and the interchanging circles of Washington politicians and corporate managers that run it. Moore says 'I thought I'd cut to the chase and propose we deal with this economic system and restructure it in a way that benefits people and not the wealthiest one percent.'

I agree! A 'recovery' in which wealth merely resumes its flow upward to just one percent of the population is just a band-aid on the pulmonary artery. If the flow upward is not stopped, the ultimate collapse of the US economy will make the Great Depression look like a Baptist picnic.



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