Department of Analytical Tools
We dreamed that we created a revolution. But we did not heed the great lesson of revolution. Today’s revolutionary is tomorrow’s little tyrant.
a must read. Read more about The problem with social media
quick note about Yglesias; Vox is funded by Comcast, which recieves $1000/per month/per wiretap of their internet customers. Indescrminate wiretaps have been very profitable for Comcast, and we can expect continued attacks on Sanders by both Vox and NBC/CNBC/MSNBC. Similarly Amazon holds the cloud computing contract for the CIA, so we can expect the Washington Post to be very negative about Sanders.
Matt Yglesias Read more about 2016 will NOT be like 1972
I think we first became aware that something was horribly wrong with our country during the great penis hunt. People were appalled by the Kenneth Starr's abuse of power. After the Monica Lewinsky story broke Clinton's numbers went up to 71% percent approval rating. Trent Lott joked that just a few more scandals and it would be 100% approval. Somehow the significance of that was lost on the Read more about How America became radicalized
Enjoy the cute curmudgeonly socialist from Vermont who can't possibly win phase while it lasts. Directly Bernie gets within 10 points of Hillary there will be a dramatic change. Remember the attacks on Howard Dean? It will be all that and more. We will learn every negative thing about Bernie and his family, true and otherwise, relevant and otherwise. I hope that Bernie's team have a plan for that. Read more about Bernie and the press
Shadow Elite -- subtitle: "How the world's new power brokers undermine democracy, government, and the free market" -- comes highly recommended; you might summarize it as "The Theory of Bob Rubins"; who the Bob Rubins of this world are, how they get and keep their power, and what their social relationships are. (Wedel is a sociologist.) Wedel's two key concepts are "flex nets" and "flexians" (I like "flexian" because it sounds like a breed of alien reptiles that I, for one, welcome, except not). I think the strength of the book will come in the examples of actual flex nets, but since I'm not all the way through it, I'll just quote the introduction on the concepts. Page 15 and following.
Beyond old boys
Like interest groups and lobbies, flex nets serve a long-established function in the modern state--negotiating between official and private. But while flex nets incorporate aspects of these and other such groupings, they also differ from them in crucial ways--and those ways are precisely what make flex net less visible and more accountable.
Four key features define both flexians as individuals and those influencers who work together as a flex net. Flexians functioning on their own exhibit the modus operandi embodied in all four features discussed below, as does a flex net as a whole. Because members of a flex net benefit from the actions of the collective, pooling resources and dividing labor, not all members of the flex net must exhibit these features individually.
Before getting to the four features (below), a pause to note that Flex Nets/Flexians arguably subsume/supersede notions like corruption, "money in politics," "the revolving door," and so forth. (Nancy DiParle is, I think, the candidate for Flexianhood we might be most familiar with: Wellstone VP -> Baucus CoS -> White House -> Big Pharma, leaving a trail of ruin and destruction, if you're a citizen or a patient, that is. We'd need to know more about her network, though). Read more about Janine R. Wedel, Shadow Elite
The Newest Right is the simply the old Jeffersonian-Jacksonian right, adopting new strategies in response to changed circumstances. While it has followers nationwide, its territorial bases are the South and the West, particularly the South, whose population dwarfs that of the Mountain and Prairie West. According to one study by scholars at Sam Houston State University in Huntsville, Texas:
While less than one in five (19.4%) minority non-Southerners and about 36% of Anglo non-Southerners report supporting the movement, almost half of white Southerners (47.1%) express support….
In fact, the role that antigovernment sentiment in the South plays in Tea Party movement support is the strongest in our analysis.
The Tea Party right is not only disproportionately Southern but also disproportionately upscale. Its social base consists of what, in other countries, are called the “local notables”—provincial elites whose power and privileges are threatened from above by a stronger central government they do not control and from below by the local poor and the local working class. Read more about Best analysis I've read of the Tea Party phenomenon
I stumbled across the Permanent Crisis blog via Continental Drift (which is written by a performance artist) and found it most interesting. It assumes a good bit of foundational knowledge of Marxism, so if you don't have that, you may not get as much out of reading the entries as you would if you did, but they are still worth reading. Two posts, in particular, are required reading, in my book. Read more about Permanent Crisis Blog
In October 2011 Marc Lavoie, a post-keynesian economist, very friendly to Modern Money Theory (MMT) wrote a paper presenting a friendly critical look at MMT. In his conclusion, Lavoie states that “. . . the neo-chartalist analysis is essentially correct . . . “ affirming his substantial agreement with MMT's analysis of banking operations and fiscal realities in nations with non-convertible fiat currencies, with floating exchange rates and no debts in currencies they do not issue, as well as MMT's analysis of Eurozone viability. But he goes on to say (p. 25):
“There is nothing or very little to be gained in arguing that government can spend by simply crediting a bank account; That government expenditures must precede tax collection; that the creation of high powered money requires government deficits in the long run; that central bank advances can be assimilated to a government expenditure; or that taxes and issues of securities do not finance government expenditures.”
So, Lavoie questions the wisdom of MMT economists and writers making certain counter-intuitive statements he perceives as certainly questionable, perhaps untrue, and also confusing to people, economists and decision makers trying to understand MMT writings. He considers these statements an important barrier to understanding, and he wants this 'baggage' to be discarded because he thinks it hurts MMT and post-keynesian efforts to get important new approaches to economics accepted. Read more about Lavoie's Critical Look at Modern Money Theory: A Reply
How many here received an e-mail from David Degraw today? I'd say it is a "must-read" piece. I haven't finished it yet, but he's asking for comments and suggestions before June 21. Here's the link: http://daviddegraw.org/notes-from-the-underground/ Read more about David DeGraw Essay