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What caused the wealth gap? – Occupy Wall Street

11 Oct

Economist Jeffrey Sachs says the wealth gap got started with globalization, which allowed a small group of highly skilled people to sell their skills in a world market while forcing less skilled people to compete for foreign labor for every lower wages. Then Reagan decided to dismantle government and the federal government’s been unraveling since then.

You, in fact, call for a renewed emphasis on compassion and social responsibility.

What are our deeper economic objectives? Among these is a sense of well-being, of life satisfaction. Income can play a role in that, but so do things like social trust and honest government – and compassion for other people. This kind of discussion is considered odd and I think that is part of our problem right now. We don’t have effective ways to discuss these things in our society.

Instead, we have people who represent a cult of selfishness, what I would consider Ayn Rand libertarianism. They are political figures who say that the goal of America is to leave [people] alone, and that ideas like compassion and so on are dangerous. What the Republicans have on offer – which is based on this 30-year misdiagnosis – is cruel and deeply wrong, because they express disdain for the idea that people are suffering and they need help.

We’ve arrived at a crossroads about the real meaning of our civilization. I think that we will need to reflect on how to achieve a higher level of happiness in this country — [and think about] issues of social trust, social connectedness, decency, compassion.

via What caused the wealth gap? – Occupy Wall Street – Salon.com.

Dems backing Occupy Wall St. are funded by Wall St. – Occupy Wall Street – Salon.com

10 Oct

Ah, yes, life is complicated. And ideological purity is the enemhy of people who want to get things done.

The irony is that the same elected Democrats singing the praises of Occupy Wall Street are themselves major recipients of money from … Wall Street!

Does this mean that the Democratic embrace should be rejected? Not necessarily. Occupy Wall Street could, of course, open up political space for Democrats to address unemployment, income inequality, criminality by banks, the overwhelming influence of corporate money in politics and so on. But it’s worth keeping in mind that most if not all of these politicians have been cozy with Wall Street for years; so there are grounds for suspicion.

via Dems backing Occupy Wall St. are funded by Wall St. – Occupy Wall Street – Salon.com.

The Great 8: Billionaires who will pay more – Patriotic Billionaire Challenge – Salon.com

10 Oct

Aka Cheapskates Rise to the Top

Salon queried the Forbes 400 richest on whether they’d be willing to pay more taxes. The vast majority ducked the question. I’m betting that most of them think they deserve what they earn. After all, did they not work hard? Yes, they did. But . . . well, more on that later.

Of 400 billionaires, only eight (including Buffet) say they are willing to pay more. Three others indicated opposition; one said maybe.

But most declined to comment at all. Oprah Winfrey, who endorsed Obama in 2008, did not respond. Nor did liberal media mogul Ted Turner. Prominent Democratic Party donors from Hollywood such as Steven Spielberg, David Geffen and Barry Diller did not express a view. Philanthropists Bill Gates and Michael Bloomberg — whom we queried repeatedly — refused to comment on Buffett’s argument, even as it became a central part of Washington’s political conversation.

On Sept. 19, President Obama rolled out his jobs plan, calling for individuals making more than $250,000 to pay higher taxes for the sake of paying pay down the deficit and funding the president’s jobs plan.

via The Great 8: Billionaires who will pay more – Patriotic Billionaire Challenge – Salon.com.

Panic of the Plutocrats – NYTimes.com

10 Oct

What’s going on here? The answer, surely, is that Wall Street’s Masters of the Universe realize, deep down, how morally indefensible their position is. They’re not John Galt; they’re not even Steve Jobs. They’re people who got rich by peddling complex financial schemes that, far from delivering clear benefits to the American people, helped push us into a crisis whose aftereffects continue to blight the lives of tens of millions of their fellow citizens.

Yet they have paid no price. Their institutions were bailed out by taxpayers, with few strings attached. They continue to benefit from explicit and implicit federal guarantees — basically, they’re still in a game of heads they win, tails taxpayers lose. And they benefit from tax loopholes that in many cases have people with multimillion-dollar incomes paying lower rates than middle-class families.

This special treatment can’t bear close scrutiny — and therefore, as they see it, there must be no close scrutiny.

via Panic of the Plutocrats – NYTimes.com.

Protesters Against Wall Street – NYTimes.com

9 Oct

No wonder then that Occupy Wall Street has become a magnet for discontent. There are plenty of policy goals to address the grievances of the protesters — including lasting foreclosure relief, a financial transactions tax, greater legal protection for workers’ rights, and more progressive taxation. The country needs a shift in the emphasis of public policy from protecting the banks to fostering full employment, including public spending for job creation and development of a strong, long-term strategy to increase domestic manufacturing.

It is not the job of the protesters to draft legislation. That’s the job of the nation’s leaders, and if they had been doing it all along there might not be a need for these marches and rallies. Because they have not, the public airing of grievances is a legitimate and important end in itself. It is also the first line of defense against a return to the Wall Street ways that plunged the nation into an economic crisis from which it has yet to emerge.

via Protesters Against Wall Street – NYTimes.com.

Wall Street: The Dead Face of Domination

9 Oct

IMGP4452rd - The Face of Domination

Look at those huge buildings. What do they say? What do they express?

Only one of them, the smallest one, at the lower right, has any articulation (detail, action) on its surface. The others, smooth, glassy, slick.

Dead.

Those buildings are in New York City’s financial district (aka Wall Street). That’s where the captains of finance manipulate our world while playing ‘King of the Hill’ against one another. They’re keeping score with our money, while we go without health care, without pensions, without hope for our children and grandchildren.

The design of those buildings speaks volumes. Clean and slick, very smooth and efficient. But completely out of scale with human life. That’s what the lack of articulation in the surface says, nothing at human scale.

Nothing.

We don’t have to wait for the future in which the machines take over. They already have.

Those buildings are the machines. They are the Borg. We ARE living in The Matrix. We are nothing but feedstock for the adolescent games those machines play with one another.

See those people down front, left of center? That’s us, the 99%, the feedstock, as it were. See the foliage, the foliage that breaths life into the air by transforming the sun’s energy into bioenergy? More feedstock for the Borg Buildings. Continue reading

Nonviolence Works

8 Oct

John Horgan talks with Steve Pinker on blogginheads.tv about Pinker’s new book, The Better Angels of Our Nature. There’s a brief segment where they talk about how nonviolence as a tactic (e.g. as Gandhi advocated) is more effective than violence. In particular, Pinker mentions a study that showed that nonviolence insurrections succeeded about 2/3s to 3/4s of the time while the violent ones only succeeded about a quarter to a third of the time.

Unions on Wall Street

7 Oct

IMGP3465rd

Confronting the Malefactors – NYTimes.com

7 Oct

It is, therefore, a testament to the passion of those involved that the protests not only continued but grew, eventually becoming too big to ignore. With unions and a growing number of Democrats now expressing at least qualified support for the protesters, Occupy Wall Street is starting to look like an important event that might even eventually be seen as a turning point.

What can we say about the protests? First things first: The protesters’ indictment of Wall Street as a destructive force, economically and politically, is completely right.

via Confronting the Malefactors – NYTimes.com.

World Island: A Permanent World’s Fair for a World that’s Permanently Fair

23 Sep

Our sense of what to do tomorrow is conditioned by what we want to happen after that, and then after that. That is to say, our sense of how to act in the present is strongly determined by our sense of that future. If we have hope for the future, if we can see a world for our grandchildren that’s better than our own, then we read the current situation as the starting point of a journey to that world. If the future looks bleak, then the current situation is taken as an arena in which we must begin constructing defenses against impending doom.

The mood in America is bleak, and has been for some time. The current recession has darkened the bleakness, but it did not create it. Nor did the bleakness descend, all of a sudden, on 9/11. It’s been with us, in one way or another, for some time.

IMGP9162rd

Some years ago I met a man who changed my sense of the possible, and the necessary. He had a dream, this Jerry Greenberg (he now calls himself Zeal), and he called it World Island. He called it a World’s Fair for a World that’s Permanently Fair. Though it could be built anywhere in the world, he planned it for Governors Island, a 172 acre island off the tip of Manhattan in New York Harbor. Governors Island had been a Coast Guard base until it was finally decommissioned and turned over to the joint custody of New York State and New York City.

The State and the City created the Governors Island Preservation and Education Corporation to come up with a plan for the Island. GIPEC decided to solicit proposals for the private development of the Island. I worked with Zeal and others over a period of several years to craft a proposal, which we entered into a competition. We lost, but then so did everyone else. Just what’s being done with the Island is not exactly clear, though interesting things do happen there.

But Governors Island is a side-issue at this point. What’s important is Zeal’s vision for this World Island. That changed my sense of what is possible in the world, and of what is necessary. I’ve appended to this post a short work of fiction that takes the form of a news paper story announcing plans to construct World Island on Governors Island. As I said, however, this could happen anywhere in the world. Perhaps, in view of the Arab Spring, it should most fittingly happen in the Middle East.

That is one thing. That will give you a sense of the proposal. As you read it, remember that it is fiction. None of the events described therein have happened, or will happen. Should you want more, I have uploaded the executive summary from our proposal. You can download that here.

* * * * *

Governors Island to be World Resource Center

By SOME REPORTER

At a press conference later today the Governor and the Mayor will announce plans to transform Governors Island into a world resource center. “Our goal is to create a place where the world can experience the world,” says the Governor. “The redevelopment of Governors Island is the key to revitalizing New York’s waterfront so that it is truly the gateway to the world,” says the Mayor.

The overall development will take place under the joint guidance of the Governors Island Preservation and Education Corporation (GIPEC) and the World Development Endowment Foundation (WDEF). GIPEC is an agency of New York City and New York State governments that was formed to administer the Island when the Federal government transferred it to New York State and City in 2003. The WDEF is a private not-for-profit corporation founded by businessman Gerald “Zeal” Greenberg for the purpose of developing Governors Island as a center for world culture, education, tourism, trade, and economic development.

The project is expected to take twenty years to complete and will employ an evolutionary approach designed to organize the participation of people, governments and organizations around the world while also giving New Yorkers a chance to experience the Island and guide the development of this new “city within a city.” An essential aspect of this process is that it will be guided by an bold and imaginative vision of the Island’s full potential. The WDEF and GIPEC have already proposed such a vision and will work with others in New York and around the world develop and modify it over the life of the project. Given the scope of the proposed development the project is being called World Island.

“The World Island vision is truly remarkable,” observes a former Secretary of State, who has become an advisor to the project. “The State and City are to be commended for proposing such an innovative approach to development. This will be a landmark to future generations.”

Two Signature Projects

Several things will happen during the first phase of development, which will concentrate on the northern part of the Island and on the Battery Maritime Building (BMB) in lower Manhattan. The WDEF will develop the BMB as a multi-use center with harbor-view restaurants, performance venues, and retail shops. The BMB is also the terminal for ferry service to Governors Island, which GIPEC will enhance.

One other signature project is planned for the first phase: The New York Time Exchange. It will be an interactive historical theatre and museum telling the story of New York City from 17,000 years ago, when the land was covered with glacial ice, through settlement by Native Americans, the arrival of the Dutch, through to New York’s current status as one of the premier cities of the world. The time-exchange will use multi-media technology and live actors to create an experience of living history.

While these two signature buildings are being developed GIPEC and the WDEF will oversee the general development of hospitality, restaurant, and water recreation facilities in the historical portion of the Island along with Island infrastructure and transportation. GIPEC will oversee the physical development of these structures while WDEF will concentrate on developing marketing strategies to present the Island to the public.

“The idea is to take a conservative approach initially,” says GIPEC’s President. “We want projects that can draw people to the island and sustain themselves economically.” WDEF’s President, Zeal Greenberg, agrees. “This will be the first time the Island is open to the public. We need to get people here and make the Island a part of New Yorker’s lives. At the same time we need a chance to build international awareness so that we can do something really special and spectacular with the rest of the Island.”

Global Marketing Campaign

While the first phase development is taking place, the WDEF will be orchestrating a world-wide campaign to present the Island to the world and to bring the world to the Island. In this effort the WDEF will be working closely with Good News Broadcasting, headed by Emmy award winner Paul Sladkus. “Good news helps people keep their spirits up,” says Sladkus, “and the project is good news for everyone.”

To present the Island to the world the WDEF and Good News have developed a campaign called “Nurture Our World” (NOW). The campaign is based on a song, “The Heart of the World is in Your Hands,” written by Greenberg and composer Carman Moore. “It’s not so much a song, as it is a world philosophy,” says Moore, “its about how are young people hold the future in their hands.” Together with composer Jim Papoulis, Moore will tour the world with a children’s choir, presenting the song to children and their parents in 20 cities. At the same time Moore and Papoulis will work with children in those cities to teach them then song and let them develop it in their own way.

The tour will be filmed and the film will be made into a documentary and section of it will be incorporated into a short animated film about how a band of children save the earth from destruction by repairing the heart of the world.“ The WDEF will be working with a Japanese anime master to develop the film in anime style. “Anime’s the hottest thing in world youth culture,” says WDEF’s Associate Director, William Benzon, “and we want to use it to bring the World Island story to the world’s youth.” The WDEF will be showing the film in theaters around the world and has created a website where people can participate in the story by suggesting ideas and episodes for an ongoing manga adventure presented on the web. The website will also serve as a gateway to other youth-oriented websites and allow users to make suggestions about what they want to see on World Island.

At the same time the WDEF will be bringing the world to the Island in a series of World Investment Summit Expositions (WISE). The WISE events will be trade shows oriented to the development needs of municipalities and will take place on Governors Island two times a year for the next three years. Each WISE will focus on a different region of the world and last a week. Development officials, financial institutions, non-government organizations, philanthropies, tourist experts, and organizations selling goods and services to municipalities will be invited to participate. The WDEF is currently working with online media experts to establish an online community called The WISE Network.

“The World Island complex will be New York City’s gift to the world,” says the Mayor, “but the world has to play an active role in developing it if it is to work. We’re providing the Island, a general framework for development, some ideas, and some financing. The rest is up to the world. What do you want?”

An Evolutionary Process

In its current state, the WDEF’s vision calls for office space, hotels, a convention center, restaurants, schools, stores, and recreation facilities. “What’s important, though, is not the buildings, but what takes place in them,” says Greenberg. “We want to focus on education, culture, and economic development at the municipal level.” “Every community has institutions devoted to culture, education, commerce, and spirituality,” notes WDEF’s Benzon. “Our objective is to maintain a balance among these sectors as development unfolds.”

“What we’re doing,” notes Greenberg “is starting an evolutionary process. We have a goal and we’re going to move toward it, using what we learn to modify the development plans so that the goal is always in sight.” The project is planned in five phases. The plan has been developed so that each phase is complete in itself. Funding is in place for the first phase and some funding has been committed for later phases as well. As the design is refined and as funding is secured, later phases will be constructed.

The urban plan is being developed by Some Appropriate Architects. “As the project moves through its phases master architects from all over the world will be invited to create designs. “A World Island should be designed by architects the world over” says Senior Partner. “The trick is to blend the designs into a harmonious whole.” Some Partner, an expert in environmentally responsible design with Some Other Appropriate Architects, will be working with Senior Partner on the plan. “Our goal is to make World Island a model of sustainable development,” he says, “enhancing the harbor environment, not detracting from it.”

WDEF’s Greenberg says that we are creating a model city within the greater city of New York. “As World Island unfolds, we want people to think about it from the point of view of their children’s children. What will it mean to them, what is our legacy to them?” “We have lived through a century of war,” observed the Secretary of State. “We must act now to create a century of peace. That is what World Island is about.”