Showing posts with label Economy. Show all posts
Showing posts with label Economy. Show all posts

Monday, March 30, 2009

Hey Paul Krugman, where the hell are ya, man?



Hat tip to Louis Proyect.

Read More...

Saturday, March 21, 2009

Davis on the role of the American Left

MIKE DAVIS: Well, I mean, the role of the Left or the Left that needs to exist in this country is not to be to come up with a utopian blueprints and how we're going to run an entirely alternative society, much less to express nostalgia about authoritative bureaucratic societies, you know, like the Soviet Union or China. It's really to try and articulate the common sense of the labor movement and social struggles on the ground. So, for instance, you know, where you have the complete collapse of the financial system and where the remedies proposed are above all privileged the creditors and the very people responsible for that, it's a straightforward enough proposition to say, "Hey, you know, if we're going to own the banking system, why not make the decisions and make them in alliance with social policy that ensures that housing's affordable, that school loans are affordable, that small business gets credit?" You know, why not turn the banking system into a public utility? Now, that doesn't have to be in any sense an anti-capitalist demand. But it's a radical demand that asks fundamental question about the institution and who holds the economic power. You know, why isn't the federal government taking a more direct role in decision making?
Do you agree with him on what the Left should and should not be doing?

He's obviously trying to frame himself as the pragmatist, but isn't there a need for alternative visions to back up this pro-labor activism?

Read More...

Tuesday, February 24, 2009

Obama on education and "responsibility"

Dana Goldstein, education guru of TAPPED, is impressed with something Obama said tonight about education, namely that all Americans should committ to one year of post-secondary education as part of a patriotic duty. He also said dropping out of high school is not only failing oneself, but failing one's country. Here's Obama:

It is our responsibility as lawmakers and educators to make this system work. But it is the responsibility of every citizen to participate in it. And so tonight, I ask every American to commit to at least one year or more of higher education or career training. This can be community college or a four-year school; vocational training or an apprenticeship. But whatever the training may be, every American will need to get more than a high school diploma. And dropping out of high school is no longer an option. It’s not just quitting on yourself, it’s quitting on your country – and this country needs and values the talents of every American. That is why we will provide the support necessary for you to complete college and meet a new goal: by 2020, America will once again have the highest proportion of college graduates in the world.

And here's Goldstein:

This is an historic statement on the centrality of education to the American economy, and indeed, to the American character. A lot will be said about the meaning of such a statement coming from the first black president. But this is really broader than that; a full embracing, after the know-nothing Bush years, of intellectual engagement.

I'm not so convinced. Is it refreshing to have our president value education? Absolutely. But I'm really not going to call it "radical" to suggest that Americans' failure to educate themselves is about not understanding how important it is to their own or to the nation's well being. This is about money. I know a few people who dropped out of high school to start working. I know a lot of people who can't finish college because of financial reasons. Hearing from a president that this is bad for them and the country doesn't pay bills and tuition. It's more insulting than helpful or "radical." It's no different than telling someone they're irresponsible to not have health insurance. Well no shit? Why don't they get us some then...

Read More...

Sunday, February 15, 2009

Moment of Zen: 3 Questions I've Been Asking

1. I've been noticing lately how new friends seem to relate to me and my partner differently because we're together. There's an assumption that we're always together, or would rather be with each other, or that we don't need as much outside social engagement as single people might. Are long-term monogamous relationships a fundamentally anti-social institution? Do they create the perception of separation between Us and Them? Do they box us into our apartments and homes, and keep us from relating to the rest of the world with any true freedom? What about the nuclear family?

2. Chicago has seen a few warmer days in the past few weeks, and I've noticed how different it feels to walk around without a bulky winter coat on. Namely, people around me are noticing my body again. Is there a kind of freedom in covering ourselves up for winter? Leaving, as some Muslim clothing does, only the eyes exposed?

3. All this talk of material excess seems to have everyone reassessing our priorities. For the first time in a while, our culture is asking questions about how much money is enough money, whether a salary can be too high, and how much material wealth we really ought to possess. Is this a good thing? I don't want to sound like a certain blogger who suggested that all this job loss is going to lead people towards better lives. In most cases, job loss just leads you to pain and suffering. But is there any way that our recession can build a healthier society in the long term? How can we make that happen?

Read More...

Wednesday, February 11, 2009

On The Street: This Sucks! Edition

Here we begin a series in which we share snapshot moments that matter: the little day-to-day interactions that reveal political, social, and economic forces at work in our communities.

We stood at the Grand Red Line station in downtown Chicago. The paint was peeling, the ceiling was leaking, and the bare bulbs dangled from their chains. They haven't quite gotten around to repairing this station yet. Tonight, there were significant delays, as both Northbound and Southbound trains had to run on the same track.

When our long-awaited Northbound train arrived, and passengers hurried off the train, a sweaty, crazed-looking white man could be seen and heard shouting: "CTA sucks! THEY SUCK!" Presumably he'd been stuck on that train for quite awhile.

Just another frustrated advocate for capital funding for mass transit.

Read More...

Thursday, January 29, 2009

NYTimes even worse than we thought?

So, Linda Holmes at NPR thinks that whole Dating a Banker Anonymously support group/blog is a great big satirical hoax that the Times fell for. Now looking back at the Times article and at their blog, I think she's right. In fact, I'd bet my savings on it (don't worry, it's not much).

First of all, let it be true so I don't have to think that support group actually exists or those women actually think what they do.

But next, what the hell NYtimes?! Do they so badly want to believe women are vapid, gold digging narcissists that they didn't even question whether this is real?!

Here's Holmes' probably spot-on guess at what happened:

Isn't it totally obvious that the "support group" reported on in the Times doesn't exist, that these are three women -- two writers and an attorney -- who figured out how to tap our deep societal hatred of the recession and hatred of privileged women who get away with everything, and to combine it into a big giant phenomenon that would produce so much instant vitriol that they would absolutely, definitely get a book deal?

Read More...

Arizona gutting public education to balance budget

I've written before about the crazy-drastic action the GOP-led Utah legislature is taking to keep their books looking good. Now Arizona, directly following the departure of the "education governor" to the Obama administration, seems to have lost their damn minds (via HuffPo).

Senate Appropriations Committee Chair Russell Pearce (R-18) and Arizona House Appropriation Committee Chair John Kavanagh (R-8) are leading a charge for massive cuts in public education across Arizona. The Pearce-Kavanagh proposal includes $631 million cut from the Arizona university system over 18 months, a 10 percent across-the-board cut for public elementary and secondary school districts, elimination of all-day kindergarten and early kindergarten, and elimination of $125 million in school tax credits currently provided to individuals and corporations who donate to public education.

Last year, then-Governor Napolitano urged lawmakers to work on a bipartisan plan to avert the impending budget crisis, but most elected officials were preoccupied with re-election campaigns. After the election, when Napolitano was named as the likely new Homeland Security Secretary, the Republican-led legislature decided to wait for the automatic ascension of fellow-Republican Janet Brewer to the governorship. In the meantime, the budget shortfall became a budget crisis.

The state budget shortfall is $1.6 billion for the 2009 fiscal year (July 2008 - June 2009) and more than $3 billion for the 2010 fiscal year (July 2009 - June 2010). Under the Pearce-Kavanagh proposal, roughly two-thirds of the money needed to meet the shortfall would be extracted from the universities. The rest of the cutbacks are primarily to elementary and secondary education and health care.

You can read a detailed account of what is going on at Arizona State in all this madness here. Seriously...shouldn't education always be the last thing that gets cut (if anything needs to be cut at all)? Is it so hard to convince yourself you can't throw away your future to make it through a (relatively) short-term crisis?

Read More...

Wednesday, January 28, 2009

Chomsky on Obama's Foreign Policy and the Economy

At counterpunch, an interview with Noam Chomsky on Obama's emerging foreign policy. (Hint: It's not good.) I think the most original analysis comes in the end, however, when Chomsky briefly discusses the economic downturn and Obama's response to it:

It is a worldwide crisis and it is very serious. It is striking that the ways that Western countries are approaching the crisis [entirely contradict] the model that they enforce on the Third World when there is a crisis. So when Indonesia has a crisis, [or] Argentina and everyone else, they are supposed to raise interest rates very high and privatize the economy, and cut down on public spending, measures like that. In the West, it is the exact opposite: lower interest rates to zero, move towards nationalization if necessary, pour money into the economy, have huge debts. That is exactly the opposite of how the Third World is supposed to pay off its debts. That this seems to pass without comment is remarkable.

Read More...