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Department of Analytical Tools

Second that emotion, if any

This should be a long, long post but I don't have the ideas straight in my mind (yet). So the theory of everything will have to wait for another day.

Recall (from this post) the shorthand representations of capitalism and financial capitalism:

That is, Marx [gasp] got this right for capitalism:


and this right for finance capitalism:


Must-read Blog

I don't know if Correntians know of this blog or not. But, in my humble opinion, it is a must-read blog. The author is a journalist and his writing is so clear and concise that everyone having trouble connecting the dots should read the posts. The author started the blog just this past February, but the pieces I've read so far are remarkable.

Read it, you won't be disappointed!

Systemic Disorder Read more about Must-read Blog

wuming's picture

Seizing the American Identity

Originally posted atOccupy Oakland Media

Last week I wrote about the continued relevance of the nation state. This week's piece is on seizing the American identity.

As leftists, we should seize the American identity from the moribund hands of dying bigots and refashion it into something that centers on economic well being for the majority of Americans. Ultimately a nation state depends on its citizens embracing a common orientation, or a common identity if you will. Read more about Seizing the American Identity

wuming's picture

Why the Nation State is Still Relevant

Originally posted at Occupy Oakland Media

First in a series on building a new consensus.

The nation-state still matters.

Although I have met and talked with many people in OO who believe that the nation-state is obsolete, evil and must be abolished, I do not agree. There are quite a few things that the nation-state does that I have not seen as possible otherwise. Among other things, this includes the maintenance of the physical infrastructure of civilization, such as water/sewage distribution and telecom, as well as the monopoly on violence. Read more about Why the Nation State is Still Relevant

wuming's picture

Building a Common Orientation

I've started posting a weekly blog entry at , about how to build a common orientation to drive political change.

Last week's was Why the Nation State Still Matters.

This week's is Seizing the American Identity.

Next week I'll have a post about the kinds of personal bonds and relationships that are necessary for critical political action. Read more about Building a Common Orientation

letsgetitdone's picture

A Meta-layer for Restoring Democracy and Open Society: Part Two, Meta-layer Requirements



Joseph M. Firestone and Henk Hadders

Requirements for an e-participation platform in human political CASs

We won't be able to stop the movement toward oligarchy unless we can create a new institutional framework that allows us to change those aspects of our present situation supporting oligarchy and undermining open society. We need a framework that will operate within the context of existing rules and laws to create changes supporting increased self-organization and distributed knowledge processing shifting our democratic PCASs back towards an open state. Read more about A Meta-layer for Restoring Democracy and Open Society: Part Two, Meta-layer Requirements

letsgetitdone's picture

A Meta-layer for Restoring Democracy and Open Society: Part One, Conceptual Foundations


Joseph M. Firestone and Henk Hadders

The Disconnect

It's hardly news that there’s a very wide chasm between voters, lawmakers and political parties. The rage in America reflected in the Republican primary contests is palpable. And there's also rage among progressives as well, though it's not finding an outlet in the Democratic Party. The same is true in Europe, where we see unrest in many nations. People in developing nations are demanding democracy, and making some progress too. But, everywhere one looks in developed countries, democracy is retreating, and Michels's (p. 400) “Iron Law of Oligarchy” is triumphant.

In the U.S. most Americans believe lawmakers don't care what they think, Congress's approval rating is at an all-time low, and most Americans believe the major parties won't represent them. Neither tries to match its policies to a majority of voters’ preferences, and both continuously support laws that seem designed to benefit large corporate interests and the 1%, but not working Americans. There are now more unaffiliated voters than party-affiliated ones, and major party candidates often win elections with only 25% of potential voters.

Most voters want most federal incumbents defeated, but legal constraints on minor parties and candidates typically ensure their defeat, whether they are “insurgents” from within the party, or candidates from third parties. This skewing of electoral outcomes leads voters to think that they have to vote for major party candidates, or “waste” their vote. Angry voters alternate election cycles between major party candidates to “punish” incumbents. But the new “winners” ignore what voters want, just as the old ones did. So, how can we repair this disconnect? How can we make office holders accountable and representative again? Read more about A Meta-layer for Restoring Democracy and Open Society: Part One, Conceptual Foundations

letsgetitdone's picture

Is there Macroeconomics?

The claim of Austrian school economists that "there is no macroeconomics" because the political-economic system at the macro level is explainable in terms of the aggregated attributes and activities of political-economic agents at the micro-level of that system is false, silly, and ignores the findings of many other sciences! That's because macro-level behavior includes structural and holistic properties of these systems that are not explainable by individual level phenomena or aggregations of them. Read more about Is there Macroeconomics?

Anarchist Blog

Introduction to Anarchism

I seem to remember that Lambert asked about a beginners guide to anarchism not that long ago. For those interested, here is a site to download documents that may be of interest:

One Big Torrent Read more about Introduction to Anarchism

letsgetitdone's picture

One + One = Two (Not Too Wonkish)

After reading one of my rants about the stupidity of policies aiming at a balanced budget, somebody in my Facebook environment, commented by saying: “1 + 1 = 2.” Here's my answer.

Yes, 1+1 = 2.

Now here's an accounting identity from macroeconomics, called the Sectoral Financial Balances (SFB) model:

Domestic Private Balance + Domestic Government Balance + Foreign Balance = 0.

It's like 1 + 1 = 2. But just slightly more "wonkish." Read more about One + One = Two (Not Too Wonkish)

Thinking About Oakland

I'm still processing Hedges' rant on TruthDig - I was so struck by his endorsement of violence in Greece and his condemnation of violence her in this country. I found an interesting essay at via a comment on SMBIVA and this passage struck me as something that we should all chew on: Read more about Thinking About Oakland

Thoughts on Oakland

I followed a link in Eureka Springs' comment on DCbloggers' Tweet of the Day post to Zunguzungu and then followed a link in that essay to an essay by Darwin Bond Graham, which provides some interesting background on the events that have taken place in Oakland in the last few years. It is very interesting reading and I recommend it. Read more about Thoughts on Oakland

1933 Chicago Plan

Can any of the economists here direct me to a reasonably concise account of the Chicago Plan and how it was co-opted and side-lined by the oligarchy in the 1930s? Read more about 1933 Chicago Plan

Robert Prasch on Obama's SOTU address

Robert Prasch has what I think is a pretty good piece on Obama's SOTU address over at Translation Exercises, if anyone wants to mosey on over there. I am not at all familiar with Robert Prasch, so I would welcome the reaction of Correntians who are well-versed in economics to his work. Read more about Robert Prasch on Obama's SOTU address


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