Simple answer: They keep touting arguments that have long been debunked. Take tax cuts for example: They keep insisting that tax cuts will pay for themselves despite the fact such a policy eventually cost' George H. W. Bush his second term when he had no choice but to raise taxes again.
Check these sources if you will:
Then there's Market Watch: Opinion: The unanswerable question: Do tax cuts pay for themselves?
Thursday, December 6, 2018
Monday, October 29, 2018
Income Distribution and Civil Unrest
This chart will plainly explain why corruption and civil unrest spreads and more militarized police are needed to crack down on the deprived masses who are desperate for basic needs. What was the income distribution in Rome when it fell? How about France in 1797? Russia in 1917?
Saturday, September 29, 2018
What Turned America Brutal?
Answer: The American Servicemembers Protection Act of 2002. Which is "intended to intimidate countries that ratify the treaty for the International Criminal Court (ICC)."
Consequence: Americans can act with impunity around the world and get away with war crimes that would normally be tried in the International Criminal Court.
The human rights violations continue to add up around the world. Illegal wars, regime changes, murders of American citizens abroad, torture, bombing civilian targets, and so on.
Who is to be held responsible? After all, we the voters are supposed to replace with sensible people, those who commit crimes.
Nobody is willing to punish injustice from any position of authority, from anywhere around the world.
If America doesn't want to make an enemy of the rest of the world, and wind up an isolated pariah, or if America doesn't want the rest of the world to say, switch to the Euro, Deutsche Mark or some other currency no the U.S. Dollar, justice will need to come from somewhere.
The brutal, narcissistic, psychopaths and sociopaths who torture and destroy anything in their path for their own personal gain must be dealt with or all of us are in peril.
One only needs to look up the history of U.S. intervention abroad to find who is responsible and still alive, as well as their descendants here at home. They are just around the corner.
Wednesday, June 13, 2018
The New Catch-Phrase is 'The New Gilded Age'
- Supreme Court backs employers over workers in first of two major labor cases
- We are proud to be 'rednecks'. It's time to reclaim that term
- The Mine Wars (PBS: American Experience video)
- Trump’s National Labor Relations Board will be anti-labor
Rent's going up, and so are evictions:
- Decatur evictions are double the statewide rate. Here's a map that shows where they happened.
- Reframing Evictions as a National Crisis
Now everyone is starting to talk about "The New Gilded Age."
- Lessons From the Gilded Age
- A comparison of income inequality and working conditions of present day to the late nineteenth century. Support for the working class peaked and began declining with the Reagan administration, and deregulation is accelerating.
- 'The Alienist' Stars on How TNT's Drama Shines a Light on New York's ...
- The cast of 'The Alienist' reflects on their roles in the setting of New York in the 1890's, and mention the "timeliness" of the story.
- Montana's Primary Tonight Could Be a Testament to the New Gilded ...
- Esquire report on a carpetbagging east coast real estate developer who was able to run in the state because an old law protecting fair politics in the state was erased by the Supreme Court's Citizen United decision.
- In the second Gilded Age, the mansions get bigger, and the homeless ...
- Karma reaches a five hundred million dollar home in the hills of Bel Air in the form of a wildfire started from a portable stove at a homeless encampment.
- America's Second Gilded Age: More class envy than class conflict
- Nine specific events from present day and the past are presented as indicators of our current economic and social status. A surprise about a new project by the creator of Downton Abbey.
- Wall Street Needs a New Tom Wolfe: John Micklethwait
- A profile of Tom Wolfe who wrote about Wall Street, among other authors who wrote about our Gilded Ages.
- It's Billionaires at the Gate as Ultra-Rich Muscle In on Private Equity
- Avarice is leaving millionaires in the dust of bankers drooling for the absurdly wealthy.
- Opinion: Blame tax breaks for loss of historic neighborhoods
- 15 year tax abatements are giving developers enough time to raze historic homes, build new ones at an extreme tax discount, then flip the properties at the last minute before the tax abatement expires, leaving the new owners hold the bag.
- PACIFIC • These five companies own the future
- The future of monopolies and price gouging.
- America's new aristocracy: the 9.9% and their delusion of hereditary ...
- And introduction and summary of a much longer article in the Atlantic about The New Aristocracy.
The pressure is on. What and where the breaking point will be is anyone's guess.
Wednesday, May 2, 2018
Sunday, April 22, 2018
The Antebellum Cycle
When you learned history in school as I did, you were likely bored to tears. The way I was taught was filled with names and dates of people long-dead and their accomplishments, Columbus sailed the ocean blue in 1492, etc., etc., We had to pass tests to make the teachers look good, so they could keep their jobs. Nobody actually told me that, if they did it would be easier. It teachers straight-out said "here's what you need to remember so I look good and can keep my job," that would be fine, because when you feed the teacher good scores, he or she reciprocates with little favors too. It's human nature.
When you don't know why you must remember things, and the basic answer to the question why is "because your grades will go down," then you either rebel by ignoring the work or you just remember "whatever" with zero context and even less care. I became averse to history of any kind because of this. I hated it.
It wasn't until I was laid-off from what I thought would be a life-long career, that I became interested in economics. When I dug into the history of my own plight, I found countless examples of history, repeating. It's one thing to warn people that "he who ignores history is condemned to repeat it." but it's an entirely different thing to teach students only the rudimentary history of conquests.
I'm certain many people assume that Russia was the aggressor for invading and annexing Crimea, but one can go back to the late 1990's when Gorbachev was promised again and again that NATO would not expand any further east beyond the boundaries at that moment. By 2002 during the Prague Summit, former eastern bloc nations were invited to join NATO. Because as part of the Helsinki Formula, a loophole in the accord allows states to choose their own alliances. Foreign Affairs posits this argument and other possible explanations.
When Japan declared war on the U.S. did anyone ever tell you why? It all started on 18 September 1931. Japan created a false-flag pretext to invade Manchuria by setting off weak explosives near a railroad track. After years of gradual expansion into the Asian continent, the United State started an oil embargo in response. I wonder what would have been if the oil embargo never happened and Japan was allowed to try expanding throughout China unfettered?
Capitalism has cycles of booms and busts, yet we rationalize it's existence because it's most appealing to our desires. There is a larger, more menacing cycle, the Antebellum Cycle that builds up over generations of growing economic inequality and repression, until the final result is violent revolt.
Our global capitalist economy is entering a phase that remotely matches but is drawing gradually closer to conditions that meet the criteria for revolution. France 1789, Russia 1917, etc. Indicators are violent police action against peaceful protesters, politicians ignoring the needs of voters in exchange for the needs of their donors, news media criticism of political issues disappearing because of acquiescence to corporate owner gate-keepers, the injection of corporate ideologues on academic boards of trustees through bribery.
The Occupy movement started a year after the Arab Spring. They both appear to have been tamped down by brute force, the only difference is the U.S. is brimming with distractions and the Middle East is literally on fire with proxy wars over oil and gas. Things are not getting better.
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