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‘Big Government’ Isn’t the Problem, Big Money Is | The Nation

23 Mar

Too many institutions are too big. Bigness always grows until it falls apart. Bigness Fails.

Homeowners can’t use bankruptcy to reorganize their mortgage loans because the banks have engineered laws to prohibit this. Banks have also made it extremely difficult for young people to use bankruptcy to reorganize their student loans. Yet corporations routinely use bankruptcy to renege on contracts. American Airlines, which is in bankruptcy, plans to fire 13,000 people—
16 percent of its workforce—while cutting back health benefits for current employees. It also intended to terminate its underfunded pension plans, until the government agency charged with picking up the tab screamed so loudly that American backed off and proposed to freeze the plans.

Not a day goes by without Republicans decrying the budget deficit. But its biggest driver is Big Money’s corruption of Washington. One of the federal budget’s largest and fastest-growing programs is Medicare, whose costs would be far lower if drug companies reduced their prices. It hasn’t happened because Big Pharma won’t allow it. Medicare’s administrative costs are only 3 percent, far below the 10 percent average of private insurers. So it would be logical to tame rising healthcare costs by allowing any family to opt in. That was the idea behind the “public option.” But health insurers stopped it in its tracks.

via ‘Big Government’ Isn’t the Problem, Big Money Is | The Nation.

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How the rich took over airport security – Transportation Security Administration – Salon.com

23 Mar

Score another win for the Corpstate. The war on terror is a scam to funnel more tax money into the military-industrial complex and to exert more and tighter control over US citizens. Now the rich are being given free front-row seats at TSA security theater in airports. Airlines allow fatcats to go to the head of the line and the government’s testing a program that does the same.

In other words, if you do not fly frequently — and most low-income and middle-income Americans cannot afford to — you would not be allowed to take part in this public government program. In true crony capitalist fashion, the precheck program blurs the line between the government’s security function and the airlines’ purely commercial frequent flier programs.

The precheck program is advertised as an experimental program, holding out the possibility that after a period in which they are subject to more scrutiny than affluent business travelers, low-income grandmothers traveling to visit their grandchildren at last will be able to take part. More likely, the precheck program would never be extended to the masses rather than the classes. It would simply become another permanent perk of the elite, whose members would have no incentive to lobby for democratizing the program — rather the contrary.

via How the rich took over airport security – Transportation Security Administration – Salon.com.

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Six Questions for Thomas Frank—By Simone Richmond (Harper’s Magazine)

18 Mar

The social contract of the prosperous and roughly democratic America I was born into has been coming apart for decades, but not for any straightforward reason like “it didn’t work.” It’s coming apart because certain people want it to come apart; because they stand to gain if it comes apart; and yet for them to pull it apart they have to have our consent.

via Six Questions for Thomas Frank—By Simone Richmond (Harper’s Magazine).

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Greed on Wall Street Prevents Good from Happening – Room for Debate – NYTimes.com

16 Mar

In this research we looked at the ethical conduct among society’s haves and have-nots. In one study we found that wealthier subjects cheated more. After five apparently random rolls of a computer die for a chance to win some cash, wealthier participants were more likely to report scores higher than 12 — even though the game was rigged so that scores higher than 12 were impossible. When we positioned assistants at four-way traffic stops and pedestrian zones, wealthy drivers in high-priced cars were more likely to cut off other drivers or ignore pedestrians. In still other studies, the wealthy were more likely to lie in negotiations and endorse unethical behavior at work, like deceiving clients for profit. Wealthier subjects even took more candy from a jar that was ostensibly for children.

via Greed on Wall Street Prevents Good from Happening – Room for Debate – NYTimes.com.

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The Dangers of Pricing the Infinite — Crooked Timber

23 Feb

Crooked Timer is running a symposium on David Graeber’s Debt. Here’s a passage from Malcolm P. Harris’s essay on student debt:

In April of last year I wrote an article for N+1 on the astronomic growth of student debt in America since the 70s. At the time, student loans had just passed credit cards as the largest source of consumer debt at $800 billion. Less than a year later, the total has topped $1 trillion with no real signs of slowing, while the other measures I referenced, including youth unemployment, have increased to new record levels as well. The conclusion that “the most indebted generation in history is without the dependable jobs it needs to escape debt” is more valid than ever.

via The Dangers of Pricing the Infinite — Crooked Timber.

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Robert Scheer: Apple’s China Comes Home to Haunt Us

18 Feb

Forty years ago Nixon cut a deal with China:

At the heart of the deal was a rejection of the basic moral claim of both egalitarian socialism and free market capitalism, the rival ideologies of the Cold War, to empower the individual as the center of decision-making. Instead, the fate of the citizen would come to be determined by an alliance between huge multinational corporations and government elites with scant reference to the needs of ordinary working folk.

It was understood by both parties to this grand concord that monopoly capitalism could be constructed in China to be consistent with the continuance in power of a Communist hierarchy, just as in the West capitalism was consistent with the enrichment of an ostensibly democratic ruling class. Sharp income inequality, the bane of genuine reform movements bearing the names populist, socialist and democratic, came to be the defining mark of the new international order.

via Robert Scheer: Apple’s China Comes Home to Haunt Us.

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The unemployed meet MacArthur’s tanks – Salon.com

16 Feb

Mass unemployment isn’t new at all,  of course. Which raises the question, generally asked about software, is it a ‘bug’ or a ‘feature’?

Another similarity between the “unemployed armies” of yesteryear and the Occupy movement is the brutal response by law enforcement. Witnesses expressed shock when the Oakland police sprayed tear gas at protesters and complained about the liberal use of billy clubs by cops in New York, but imagine Gen. Douglas MacArthur unleashing a deadly offensive of tanks, bayonets and torches on military veterans camping out in Washington, D.C. It’s all captured in the chilling video below.

via The unemployed meet MacArthur’s tanks – Salon.com.

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America’s billionaire-run democracy – 2012 Elections – Salon.com

14 Feb

The article begins, and delivers on the promis of this beginning:

Watching what’s happening to our democracy is like watching the cruise ship Costa Concordia founder and sink slowly into the sea off the coast of Italy, as the passengers, shorn of life vests, scramble for safety as best they can, while the captain trips and falls conveniently into a waiting life boat.

We are drowning here, with gaping holes torn into the hull of the ship of state from charges detonated by the owners and manipulators of capital. Their wealth has become a demonic force in politics. Nothing can stop them. Not the law, which has been written to accommodate them. Not scrutiny — they have no shame. Not a decent respect for the welfare of others — the people without means, their safety net shredded, left helpless before events beyond their control.

It’s all about who gets to be puppet master:

When all is said and done, this race for the White House may cost more than two billion dollars. What’s getting trampled into dust are the voices of people who aren’t rich, not to mention what’s left of our democracy. As Democratic pollster Peter Hart told The New Yorker magazine’s Jane Mayer, “It’s become a situation where the contest is how much you can destroy the system, rather than how much you can make it work. It makes no difference if you have a ‘D’ or an ‘R’ after your name. There’s no sense that this is about democracy, and after the election you have to work together, and knit the country together.”

These gargantuan Super PAC contributions are not an end in themselves. They are the means to gain control of government – and the nation state — for a reason.

via America’s billionaire-run democracy – 2012 Elections – Salon.com.

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At 102%, His Tax Rate Takes the Cake – Common Sense – NYTimes.com

4 Feb

The rich themselves are some of the most distressed. “None of the dialogue about taxes has anything to do with fairness,” Mr. Ross lamented. “Certain rich people are paying way more than their fair share and other rich people are paying a lot less. I’d like to see a conversation take place along nonideological lines where everyone is asked to pay their fair share, where everyone makes some payment, even if it’s one dollar. Everyone I know is so disgusted. People aren’t stupid. They know what’s going on. At the end of the day, the system is broken.”

via At 102%, His Tax Rate Takes the Cake – Common Sense – NYTimes.com.

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Black Church Activism on Education and Incarceration – Room for Debate – NYTimes.com

3 Feb

Second, black churches need to resist the wave of attacks against public workers. These groups, traditionally those who have needed the protections of unions, also form the bedrock of the black middle class. If black churches do not wake up to the practical threat of the political discourse that vilifies those who work for all of us, we may witness the shrinking of the middle class even as the poorest among us become increasingly mired in poverty with nowhere to go other than to prison.

via Black Church Activism on Education and Incarceration – Room for Debate – NYTimes.com.

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