WCEG — The Equitablog
Heather Boushey (and Me) on Thomas Piketty
Amy Walter, national editor at The Cook Political Report, noted a puzzle within Pew’s data: Millennials both support a bigger government and exhibit the lowest levels of trust (of individuals and institutions) of any cohort.
Why would Millennials be more supportive of government but less trusting of both government and people?
In Pew’s most recent survey, Millennials have the lowest level of trust in their fellow citizens of any generational cohort. However, Millennials are more likely to support a bigger government providing more services.
All other generational cohorts support a smaller government providing fewer services.
While they continue to support a bigger government, Millennial views of both government as an institution and government as an assemblage of individuals has fallen.I would propose that the reason for this apparent irrationality within this cohort is as usual a heavy dose of the 'libertarian disease' that seems not to discriminate within humans based on age.
What lessons can we draw from this? Well, for one we can say once again that: there are no true Laws in economics. Economics, to repeat a point I never tire of making, is an historical discipline. And if we don’t understand political and institutional arrangements we will understand nothing of relevance or importance. Insights such as Thirwall’s Law (which is not a law at all…) are of secondary importance when faced with the realities of actually existing economic institutions....
Those who wield such supposed Laws and insist on their timelessness and Absolute Truth are likely to make rather poor economic analysts. (I’m not referring to Thirlwall in this regard who, so far as I can see, recognises the contingencies involved in what he is saying). Such relationships need to be approached with an understanding that historical/institutional constellations come first and equations such as Thirlwall’s can only be made to generate insights within the framework of analysis provided by a given historical/institutional constellation.Fixing the Economists
President Obama's proven reliability as outsider president extraordinaire - putting a disarming smiley face on capitalism's depredations - is his administration's economic significance."Outsider president extraordinaire"? Looks like the Harvard Law school, consummate insider senator and then president fooled Wolff too. In spite of that, it's a good history lesson. Wolff got the depredation right.
The crisis since 2007 exposes capitalism's instability and injustices. It revives interest in the New Deal's labor-radical coalition and its policy alternatives. Previously effective ways of stifling criticism of capitalism no longer work. The criticisms and critics are finding ways to organize effectively. Meanwhile, the conservative coalition has removed its mask. Sharpening social conflicts loom.Truthout
Indonesia is planning to phase-in the world’s largest single-payer health care insurance program between now and 2019. Under the new system, the government is committed to providing universal health care to its 247 million citizens, though employers and wealthier citizens are obliged to pay their own premiums."Indonesia goes socialist!" Or, US goes third world?
Intelligence Committee chair Dianne Feinstein (D-Calif.), in a floor speech (transcript; video) that Judiciary Committee chair Patrick Leahy (D-Vt.) immediately called the most important he had heard in his career, said the CIA had searched through computers belonging to staff members investigating the agency’s role in torturing detainees, and had then leveled false charges against her staff in an attempt to intimidate them.
“I have grave concerns that the CIA’s search may well have violated the separation of powers principle embodied in the United States Constitution, including the speech and debate clause,” she said. “It may have undermined the constitutional framework essential to effective congressional oversight of intelligence activities or any other government function.”
She concluded: “The recent actions that I have just laid out make this a defining moment for the oversight of our intelligence community. How Congress responds and how this is resolved will show whether the Intelligence Committee can be effective in monitoring and investigating our nation’s intelligence activities, or whether our work can be thwarted by those we oversee. I believe it is critical that the committee and the Senate reaffirm our oversight role and our independence under the Constitution of the United States.”
She also accused the CIA of obstructing her committee’s torture inquiry in general, and of disputing findings that its own internal inquiry had substantiated.The Intercept
“Working together will enable us to create cost savings that translate into price reductions for our customers,” Bob Miller, Albertsons’ chief executive, said in a statement.
Zbigniew Brzezinski and the CFR Put War Plans in a 1997 Book. It is “A Blueprint for World Dictatorship”, says a former German Defense and NATO Official who warned of global domination in 1984, in an exclusive interview with From The Wilderness by Michael C. RuppertTotten's Weblog
In my last post I came across the Whole of Government Accounts (WGA) for the UK, which provides a consolidated view of government. This is of course represents pretty much exactly the MMT view of the government sector.
Some of the quotes from the accounts are too good to be left hidden away in a PDF.
This Saturday’s "StopWatching.Us" protest in Washington DC promises to be the Mother Of All StrangeBedfellowsPaloozas, the apotheosis of sentimental Boomer politics in which right-wingers hold hands with left-wingers in a righteous People’s Crusade against the government Death Star.
I wouldn't be the first to point out how embarrassingly easy it has been for rancid Koch libertarian front groups to convince those on the Left that they are all on the same team. As Salon writer Tom Watson wrote, the event is "fatally compromised by the prominent leadership and participation of the Libertarian Party and other libertarian student groups [who stand] in direct opposition to almost everything I believe in as a social democrat."
What hasn't been revealed until now, however, is how the libertarians got so good at fooling their lefty marks. For that you have to look back 35 years, to an amazing series of articles in the Koch brothers' REASON magazine in which prominent libertarians lay out to a new generation of followers a playbook of "tricks" to fool earnest leftists, liberals and hippies into supporting their cause....More dupe the rubes bankrolled by billionaires promoting laissez-faire. Again, follow the money.
ad-hoc chaosReal-World Economics Review Blog
Many UAW opponents on the right said they were concerned the union's presence would hurt the plant's expansion plans or make it harder to attract new businesses to Tennessee. But one of Norquist's panelists, Terry Scanlon, president of the Capital Research Center, seemed to acknowledge Saturday that the true fight in Chattanooga was a political one. This was the "unmentionable" that Scanlon nonetheless mentioned.
"What is really good here is the unmentionable: There will be so much less money without all these dues, 90-some percent in most cases, going to Democrats," Scanlon said during the panel. "Without the money there, it's not going to happen. This is great news. It's great news."As usual, it's about the money, who has it, and who doesn't. Money = power and control.
In their warped view of society, only the individual exists -- with no social relations, shared history and culture.Not much about the Tea Party actually. It's all about sociopathy. Useful background in the psychology and sociology.
This site, along with the FES and Compass, has long championed the notion of a good society. It is a desirable world that is much more equal, democratic and sustainable. But the problem was the desirable never felt feasible. We might have wanted to get there – but no one really knew how.
That is all starting to change. Over the last 30 years the world has been transformed by a technology revolution that is now hard wired, or more accurately free wired, into our culture. We can know everything/everywhere and can act, share and collaborate in ways unimaginable to social democrats even at the tail end of the last century. Through a smart phone the world is literally in our hands.
Technology is flattening old vertical corporations in the market and in politics. Today command and control are rendered nigh on impossible by a world that resembles Facebook and not the factory. People don’t take orders and instead are well versed in finding their own voice.
The golden age of social democracy was however built in a very different way, on hierarchical institutions because the 20th century was the era of centralism, bureaucracy and Fordism. But while the ends of that Cold War were meant to be egalitarian and democratic the means were essentially paternalistic and elitists. The neo-liberal counter-revolution became inevitable. Now technology is favouring social democracy but only if it can transform itself. On flattened planes you have to listen to everyone’s voice, anyone can get organised in a future that will be co-produced. So means and ends can be unified – democracy and equality is what we fight with and for.
This is the world Uffe Elbaek, a member of the Danish Parliament, and I describe in a new Compass publication entitled: Bridge: how the politics of the future will link the vertical and the horizontal.I concur. The playing field is leveling quickly in the digital age through increased communication and availability of knowledge. Hierarchy is giving way to flatocracy, but only if it actually results flat organization and not just flatus.