"The wealthy, not only by private fraud but also by common laws, do every day pluck and snatch away from the people some part of their daily living. Therefore, when I consider and weigh in my mind these commonwealths which nowadays do flourish, I perceive nothing but a certain conspiracy of rich men in procuring their own commodities under the name and authority of the commonwealth.

They invent and devise all means and crafts, first how to keep safely without fear of losing that which they have unjustly gathered together, and next how to hire and abuse the work and labor of the people for as little money and effort as possible."

Thomas More, Utopia

Friday, June 26, 2009

US torture revisited

Here's the part the neo-con apologists for US torture never emphasize (hat tip "David" at EMS News):

"Yasser tearfully described that when he reached the top of the steps 'the party began…They started to put the [muzzle] of the rifle [and] the wood from the broom into [my anus]. They entered my privates from behind.'...Yasser estimated that he was penetrated five or six times during this initial sodomy incident and saw blood 'all over my feet' through a small hole in the hood covering his eyes."
–Physicians for Human Rights, Broken Laws, Broken Lives: Medical Evidence of Torture by US Personnel and Its Impact
The rest

Wednesday, June 24, 2009

Change in the air

What? Can't you feel that? Ok, don't take my word for it then, just check the record...

Thursday, June 18, 2009

The beautiful lies we tell

It's funny how no matter what your instincts seem to tell you about the current economic crisis, punditry-land can't wait to direct your attention to the latest signs of "green shoots" making their way through the cracks thus signaling the imminent return of the go-go recent past. Sure, the economy is shedding jobs at the rate of 600,000 per month and the American auto industry has been allowed to sink beneath the waves (those parts not wholly owned by foreign competitors) while trillions in taxpayer funds have been shoveled to the insolvent financial institutions that drove us over the cliff, but ignore all that if you will. You see, this time the very economists who missed the dangerous growth of the largest asset bubble in history and clapped like circus seals as the deregulated financial sector "innovated" the Derivative Beast into existence which now exceeds the combined GDP of the entire world in notational value are now on the case and ask that you trust their sober judgement on this.

Dmitry Orlov neatly splashes cold water on this nonsense in his latest speech. An excerpt:

Economics is not directly lethal, and economists never get sent to jail for criminal negligence or gross incompetence even when their theories do fail. Finance is about the promises we make to each other, and to ourselves. And if the promises turn out to be unrealistic, then economics and finance turn out to be about the lies we tell each other. We want to continue believing these lies, because there is a certain loss of face if we don't, and the economists are there to help us. We continue to listen to economists because we love their lies. Yes, of course, the economy will recover later this year, maybe the next. Yes, as soon as the economy recovers, all these toxic assets will be valuable again. Yes, this is just a financial problem; we just need to shore up the financial system by injecting taxpayer funds. These are all lies, but they make us feel all right. They are lying, and we are buying every word of it.


I highly recommend you read the speech in full. Sobering indeed.

Wednesday, June 17, 2009

Boo Hoo

The hand wringing and tear jerking over the outcome of the presidential election in Iran continues unabated in the west. Is anyone really surprised? If it seems as though there was but a fraction of this distress among the western punditry over the suspicious outcome of the contest in Mexico where the neoliberal standard bearer Felipe Calderon "won" you aren't imagining things. The following is a handy guide for easy referral the next time a foreign election turns out the "wrong way" and elicits the kind of media hysterics we're suffering through at the moment. This courtesy of the "Angry Arab", As'ad AbuKhalil:

Western Primer on Elections in Developing Countries

Some Western principles in assessing elections in developing countries:

1) When the favored candidates win, the elections are free and fair. And when they lose, elections are certainly unfree and stolen.

2) Violent protests against elections that produce winners favored by the West, are to be strictly condemned and protesters are to be called terrorists, hooligans and mobs (can you imagine if Lebanese opposition supporters were to engage in violent protests against the election results in Lebanon), while violent protests against enemies of the US when they win elections (like in Moldova) are to be admired (and the protesters in those cases are called "democracy activists".

3) It is not against free elections to have Western governments interfere in elections and in funding candidates through Western groups for the promotion of democracy.

4) Candidates (or even dictators) who serve Western interests are automatically labeled as "reform candidates" (even the Saudi tyrant is referred to as "reform-minded"), while candidates who oppose Western economic and political interests are to be labeled enemies of reform....

6) Western observers of elections are always on hand to declare an election unfair and rigged if the favored candidates lose.

7) The corruption of pro-US candidates (like the March 14 bunch in Lebanon) is preferred to the corruption of, say, Mugabe.

8) The democratic credentials of dictators immediately improve if they change their policies toward the US and if they express willingness to serve US economic and political interests.

9) Countries where dictators do a good job in serving US economic and political interests need not hold elections.

10) If favored candidates can't guarantee electoral victory (like the Palestinian Authority's Abu Mazen, whose term has expired months ago), they don't need to hold elections and will be treated as if they won an election anyway.

11) It is just not logical to assume that people in developing countries can freely ever decide to make choices that are not consistent with political and economic interests of the US....
-As'ad AbuKhalil


Bear in mind as you read the following analysis from Paul Craig Roberts over the events in Iran that outside of the opposition's assertions there is no evidence whatsoever of election fraud on the scale alleged. This from Middle East specialists Flynt Leverett and Hillary Mann Leverett provides an important overview as well.

Friday, June 12, 2009

Thursday, June 11, 2009

There was once a time...

...when impermissible thoughts could see the light of day.

“The essential act of war is destruction, not necessarily of human lives, but of the products of human labour. War is a way of shattering to pieces, or pouring into the stratosphere, or sinking in the depths of the sea, materials which might otherwise be used to make the masses too comfortable, and hence, in the long run, too intelligent. Even when weapons of war are not actually destroyed, their manufacture is still a convenient way of expending labour power without producing anything that can be consumed. A Floating Fortress, for example, has locked up in it the labour that would build several hundred cargo-ships. Ultimately it is scrapped as obsolete, never having brought any material benefit to anybody, and with further enormous labours another Floating Fortress is built. In principle the war effort is always so planned as to eat up any surplus that might exist after meeting the bare needs of the population. Warfare is also useful in keying up the morale to the necessary pitch.

War hysteria is continuous and universal in all countries, and such acts as raping, looting, the slaughter of children, the reduction of whole populations to slavery, and reprisals against prisoners which extend even to boiling and burying alive, are looked upon as normal, and when they are committed by one's own side and not by the enemy, meritorious. But in a physical sense war involves very small numbers of people, mostly highly trained specialists, and causes comparatively few casualties. The fighting, when there is any, takes place on the vague frontiers whose whereabouts the average man can only guess at, or round the Floating Fortresses which guard strategic spots on the sea lanes. In the centers of civilization war means no more than a continuous shortage of consumption goods, and the occasional crash of a rocket bomb which may cause a few scores of deaths. War has in fact changed its character. More exactly, the reasons for which war is waged have changed in their order of importance.

The consciousness of being at war, and therefore in danger, makes the handing-over of all power to a small caste seem the natural, unavoidable condition of survival. War not only accomplishes the necessary destruction, but accomplishes it in a psychologically acceptable way. In principle it would be simple to waste the surplus labour of the world by building temples and pyramids, by digging holes and filling them up again, or even by producing vast quantities of goods and then setting fire to them. But this would provide only the economic and not the emotional basis for a hierarchical society. What is concerned here is not the morale of the masses, whose attitude is unimportant so long as they are kept steadily at work, but the Party itself. Even the humblest Party member is expected to be competent, industrious, and even intelligent within narrow limits, but it is also necessary that he should be a credulous and ignorant fanatic whose prevailing moods are fear, hatred, adulation, and orgiastic triumph. In other words it is necessary that he should have the mentality appropriate to a state of war."
-George Orwell

and...

"Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed. This world in arms is not spending money alone. It is spending the sweat of its laborers, the genius of its scientists, the hopes of its children. The cost of one modern heavy bomber is this: a modern brick school in more than 30 cities. It is two electric power plants, each serving a town of 60,000 population. It is two fine, fully equipped hospitals. It is some 50 miles of concrete pavement. We pay for a single fighter plane with a half million bushels of wheat. We pay for a single destroyer with new homes that could have housed more than 8,000 people ... This is not a way of life at all, in any true sense. Under the cloud of threatening war, it is humanity hanging from a cross of iron."
-Dwight D. Eisenhower


I found these remarkable quotes courtesy of some posters over at ATR. Can you imagine words such as these coming from any important political figure today? Neither can I, but it is essential that this become part of the national dialogue if we there is ever to be change we can believe in.

Saturday, May 16, 2009

Ghosts of Reason

Of all the enemies of true liberty, war is, perhaps, the most to be dreaded, because it comprises and develops the germ of every other.

War is the parent of armies; from these proceed debts and taxes; and armies, and debts, and taxes are the known instruments for bringing the many under the domination of the few.

In war, too, the discretionary power of the Executive is extended; its influence in dealing out offices, honors and emoluments is multiplied; and all the means of seducing the minds, are added to those of subduing the force, of the people.

The same malignant aspect in republicanism may be traced in the inequality of fortunes, and the opportunities of fraud, growing out of a state of war, and in the degeneracy of manner and of morals, engendered in both.

No nation can preserve its freedom in the midst of continual warfare.

War is in fact the true nurse of executive aggrandizement. In war, a physical force is to be created; and it is the executive will, which is to direct it.

In war, the public treasuries are to be unlocked; and it is the executive hand which is to dispense them.

In war, the honors and emoluments of office are to be multiplied; and it is the executive patronage under which they are to be enjoyed; and it is the executive brow they are to encircle.

The strongest passions and most dangerous weaknesses of the human breast; ambition, avarice, vanity, the honorable or venal love of fame, are all in conspiracy against the desire and duty of peace.

-James Madison

Friday, May 15, 2009

Brand Obama

Its been a spell since I've really sat down and gave our new President any serious thought. I know that seems rather odd coming as it does from one who's take on Barockstar has been decidedly negative almost from day one, but the truth is he was so transparently not the agent of change he professed to be that I haven't experienced the deflating letdown that some on the left are now suffering as their hero reveals his inner Imperial Centrist. My hopes just weren't high enough to be let down in the first place. Having said this I must admit that, like most Americans, the swiftness and severity of the economic collapse has taken me by surprise but Obama's reaction to it has been a true revelation.

Let's bury any illusions that he has merely inherited this mess from the Bush administration since he was instrumental in twisting congressional arms last October in order to pass the 700 billion dollar TARP blank check for the reckless speculators now looting the Treasury with the help of his key appointments from the financial sector like Treasury Secretary Tim Geithner and Bush appointee to the Federal Reserve Ben Barneke. No, Obama owns this now and his policies thus far have demonstrated unequivocally that Wall Street represents his primary constituency. 13 trillion in taxpayer obligations thus far have been committed to the very insolvent institutions who's greed and recklessness cratered the world economy yet still there are those who remain entranced by what Chris Hedges calls the Obama Brand.

When you add to this Team Obama's escalation of the Af-Pak War and commitment to indefinitely occupy Iraq one wonders what more will it take to break the "change" spell that's got so many "progressives" swooning this late in the game.

Monday, May 11, 2009

Who's minding the store?

Not to worry folks, though nine trillion dollars (so far) in taxpayer loot has disappeared into the coffers of insolvent banks declared "too big to fail" your highly motivated federal "regulators" are on the case:

Wednesday, April 29, 2009

So much forgotten

[T]he point of attack in the political struggle lies, not in the legislative bodies, but in the people. Political rights do not originate in parliaments, they are, rather, forced upon parliaments from without. And even their enactment into law has for a long time been no guarantee of their security.

Just as the employers always try to nullify every concession they had made to labour as soon as opportunity offered, as soon as any signs of weakness were observable in the workers' organizations, so governments also are always inclined to restrict or to abrogate completely rights and freedoms that have been achieved if they imagine that the people will put up no resistance. Even in those countries where such things as freedom of the press, right of assembly, right of combination, and the like, have long existed governments are constantly trying to restrict those rights or to reinterpret them by judicial hair-splitting.

Political rights do not exist because they have been legally set down on a piece of paper, but only when they have become the ingrown habit of a people, and when any attempt to impair them will meet with the violent resistance of the populace. Where this is not the case, there is no help in any parliamentary Opposition or any Platonic appeals to the constitution. One compels respect from others when he knows how to defend his dignity as a human being. This is not only true in private life, it has always been the same in political life as well.
-Rudolph Rocker


Amen.

Saturday, April 04, 2009

A quick and easy how-to guide on fucking the next 3 generations of Americans

I managed to find this while cruising Mish's Economic Trend Analysis, a very good site for insight to the latest Wall Street shenanigans. Here, in all of its diabolical glory, is the latest Team Obama/Geithner plan to save the bondholders of insolvent financial institutions at taxpayer expense:

Friday, March 27, 2009

Oddly familiar

The President of the Incorporated Estates of Earth got along with everyone, as if he wanted to. I found this odd, him odd, which is no matter. I am not the president and could never be. I am too opinionated. Too impatient. Too blunt, in my own mind if no way else.

The topic the President wished to discuss: the rebel insurgency deep in the heart of the Incorporated Estates of Earth.

Typically we ignore the rebels, the best strategy: First you ignore them, then you blast them, then you agree with them if need be - or plausibly pretend to agree - what cost a bit of rhetoric? - then you win. Again.

What I found most distressing and yet daunting and daring about the President is that he does not seem interested in winning. He assumes it. He is a winner. He wins. He gets along with everyone, not least those who fund him into power. This strikes me as terribly indiscriminate. He is willing to get along with anyone, even the rebels so long as playing nice does not cost him his job, or his funders - the banks and the incorporated estates, the class of the IEE - their power.

So the President plays nice and wins and called me in to deal with the rebels. He tells me it is my job to play nice with the rebels. Not in so many words, but I get it. He wants me to give the rebels the velvet glove covering the iron fist, via the brilliant tongue. He wants me to cut the rebels to size as if making love to them with a rock. First you ignore them, then you blast them, then you pretend to agree with them (if need be), then you win. "Do you understand?"
"I understand, sir."

"The rebels are IEEans like us. Only poorer, or disenchanted, or just cantankerous. We need them to love the IEE. They need to love the IEE. For their own good. For our own good. For the good. You see?"
"I think I know exactly what you mean, sir."

"I need a speech. Soon. I plan to address the rebels personally, visit their camp. I need real face-to-face words. Words that go beyond the teleprompter. Words that are easy to memorize. Easy to take deep into the heart. From my heart to their heart. Can you write that for me? I know you can. Yes, you can."
"You write it now for me, sir. You have a knack, that gift. You touch their hearts. You solace the vassals of the IEE."

-Lesson 15, The Vassal's Handbook--"first you ignore them"

Saturday, March 21, 2009

Eliot Spitzer returns

Back from his "fall from grace"--no doubt greased by the Wall Street titans whom he terrorized, the former governor of New York Eliot Spitzer has been hired by Slate magazine to put his opinions to pen and paper. His latest effort reflects upon the distracting hue and cry being raised over the millions of taxpayer dollars funneled to AIG employees who helped loot the company while largely ignoring the billions shipped to AIG counter-parties with names like Goldman Sachs, HBS, Bank of America, Merrill Lynch, Barclays... you get the picture.

Thursday, March 12, 2009

How much for that drink?

What follows is courtesy of "Angela", a commenter at Elaine Supkis' blog which presents the current economic crisis in a refreshing new way:

Thank goodness there’s the occasional humor in all of this- making the rounds on the net…

THE FINANCIAL CRISIS EXPLAINED IN SIMPLE TERMS:

· Heidi is the proprietor of a bar in Berlin.
· In order to increase sales, she decides to allow her loyal customers - most of whom are unemployed alcoholics - to drink now but pay later.
· She keeps track of the drinks consumed on a ledger (thereby granting the customers loans).
· Word gets around, and as a result increasing numbers of customers flood Into Heidi’s bar.
· Taking advantage of her customers’ freedom from immediate payment constraints, Heidi increases her prices for wine and beer, the most-consumed beverages.
Her sales volume increases massively.
· A young and dynamic customer service consultant at the local bank recognizes these customer debts as valuable future assets and increases Heidi’s borrowing limit.
· He sees no reason for undue concern since he has the debts of the alcoholics as collateral.

· At the bank’s corporate headquarters, expert bankers transform these customer assets into DRINKBONDS, ALKBONDS and PUKEBONDS.
· These securities are then traded on markets worldwide.
· No one really understands what these abbreviations mean and how the securities are guaranteed.
· Nevertheless, as their prices continuously climb, the securities become top-selling items.

· One day, although the prices are still climbing, a risk manager (subsequently, of course, fired due to his negativity) of the bank decides that slowly the time has come to demand payment of the debts incurred by the drinkers at Heidi’s bar.
· However they cannot pay back the debts.
· Heidi cannot fulfill her loan obligations and claims bankruptcy. DRINKBOND and ALKBOND drop in price by 95%.
· PUKEBOND performs better, stabilizing in price after dropping by 80%.

· The suppliers of Heidi’s bar, having granted her generous payment due dates and having invested in the securities are faced with a new situation.
· Her wine supplier claims bankruptcy, her beer supplier is taken over by a competitor.
· The bank is saved by the government following dramatic round-the-clock consultations by leaders from the governing political parties.
· The funds required for this purpose are obtained by a tax levied on the non-drinkers.

· Finally, an explanation we understand.

-"Angela"

Saturday, March 07, 2009

A voice of sanity

... and one you will never hear on CNBC
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For more like this check out The Renegade Economist whom I've added to my blog roll.

PS: Speaking of my blog roll feel free to use the 'Lair as a way station to these other sites during my frequent absences.

Tuesday, March 03, 2009

Hey, where'd my job go?

Curious? Well here's Kathy Sanborn with something you should know.

Friday, February 20, 2009

We The People...

It's been fascinating of late to watch Team Obama struggle to put the proper spin on the latest attempt to unburden Wall Street of its troubles at taxpayer expense. Ever wonder why all the efforts of "our" elected representatives are so focused on the travails of insolvent banks and the reckless speculators who ran them into the ground? Well this little ditty by Bernard Chazelle should answer any remaining questions you may have:

House Financial Services Committee Chairman Barney Frank, D-Mass., said banks were acting stupid and making it harder for lawmakers to defend them.
You may wonder if it's a congressman's job to be defending banks. Shouldn't the Congress be defending "We the people," instead?

If you're wondering, it's because you don't understand the modern incarnation of representative democracy. Yes, you know your Electoral College; sure, you've mastered your chads, pregnant, dimpled, hanging or otherwise, but still, perhaps just perhaps, you're missing the point. Indirect representation works like this:

A empowers B to elect C to serve A.
With a little diagram to highlight the subtleties:

A---------> B --------> C
|------<----------<-------|

Now one common mistake is to think that you're A. Nope, you're B. Who's A then? Corporate America is A. Goldman Sachs, GE, WalMart, etc; they're A. You're B. They empower you (B) to elect a government (C) whose sole purpose is to serve them (A). This leads us to the fundamental equation of indirect representation:

Corporate America empowers you to elect a government to serve Corporate America.
How does Corporate America empower you? They outsource the job to an entity called "the media." The media's mission is to brainwash you so you believe you are A. But you are B. You are the empowered delegate ("empowered" in the sense of "authorized," not "made powerful.") Why are you even needed in that equation? What's wrong with

A empowers C to serve A ?
Somewhere in that loop, someone's pocket needs to be picked and that someone is you. That's why A needs you. There's a second reason for your presence, which distinguishes representative democracy from oligarchy. It's called "legitimacy," which is just a fancy way of saying "anything that keeps the people away from their pitchforks." But let's not get too technical and, mostly it's just that: a technicality.

A few days later, the liberal Barney Frank uttered stern, harsh words. I paraphrase:

The bankers won't get extra resources unless there's a radical change in their behavior.
Notice the conditionality. Let's follow Frank's logic. Suppose the bankers don't change their behavior (which behavior is left unspecified but you can be sure that does not include "being A.") Then what? If Frank denies them the money, then who is he punishing? If he is punishing the American people, then my point is proven. The guy works for the bankers. If he is punishing the bankers but not the American people, then the money was obviously not needed in the first place, except to please the bankers. In other words, if Americans don't notice the difference whether the money is given out to the banks or not, then why give it? And if they suffer from the money being withheld, then why is Frank making their happiness conditional on the bankers' behavior? He could have the bankers fired. He could have reversed the conditionality and said: "The bankers won't get a penny until a million demonstrators march down Pennsylvania Avenue demanding "More Bonuses to Bankers!"

But he did not. Why? Because Frank (hardly the worst of the bunch) was elected by you to work for them! (Go back to earlier diagram if this point hasn't sunken in yet.) Why isn't Frank working for you the people? Because you the people are the delegates, and who in the world works for delegates?

Why do we need the media? Because my observations are trivial. That's why. You need communications experts, backed by deep scientists called "economists," to convince you that 2+2=5. That's hard work. That's why those people are paid lots of money and only the brightest succeed. Take "trickle down economics" for example. That's not even 2+2=5. It's more like 2+2=36376472828363828. But they pulled it off! And this very minute they're convincing you that the only way to deal with a thief who steals your money is to reward him with more of your money.

Barney Frank had more to say:

“People really hate you,” he said, imploring banks to do everything possible to avoid offending people.
When is the last time you "implored" someone to stop being offensive by stealing money from the very people they're offending and giving it to the offenders?

— Bernard Chazelle

Sunday, February 08, 2009

The Imponderable

In truth the time to kill the Federal Reserve banking system was over half a century ago but I'm willing to take what I can get. So now is as good a time as any to kill this bitch, a fact made clear in this fine essay by Doug Page over at Dissident Voice a few days ago.

Update:

Here's a crucial essay by economist Michael Hudson on Team Obama's Bailout 2.0 that answers all the important questions one may have about how the banksters intend to fuck us. This is a must-read so pass it on.

Friday, February 06, 2009

Something for your book list

Do yourself a solid and run out and pick up The Liberal Defense of Murder by Richard Seymour whose blog Lenin's Tomb is required reading for any serious progressive. This remarkable book will serve as a critical point of reference as Team Obama cranks up the killing machine liberal style (with better graphics and production values). Here Richard sits with George Galloway for a chat about some of the justifications liberals have utilized throughout the centuries when going about the unfortunate but necessary business of killing savages... for the greater good of course.