Saturday, April 18, 2009

GOP-controlled Texas State Senate Accepts Washington Oppressi... Federal Stimulus Money

Associated Press - April 16, 2009 10:55 PM ET

AUSTIN, Texas (AP) - In spite of opposition from Republican Gov. Rick Perry, the Texas Senate has passed legislation that would draw down some $555 million in federal unemployment benefits.

The measure, which passed 22-9 on a preliminary vote today, would expand state unemployment benefits by including part-time workers and people who quit for "an urgent compelling and necessary" reason - such as a child's illness or family violence.

Perry has agreed to take almost all the nearly $17 billion stimulus package slated for Texas. But he says there are too many strings attached to the $555 million in unemployment money.

Perry spokeswoman Allison Castle says the governor has made his position on this issue very clear.

Texas AFL-CIO President Becky Moeller said in a statement that, quote, "Amid silly talk of 'state's rights' and 'secession' by opponents of federal funding" legislators addressed issues facing Texans.

Original source

Video: Recount in Moldova Confirms Communist Party Victory

Right-wing-led riots notwithstanding...




Pres. Obama Meets Pres. Chávez at Summit of the Americas


From the Venezuelan Embassy:

Before the inaugural session of the 5th Summit of the Americas, the President of the United States, Barack Obama, walked up to the President of the Bolivarian Republic of Venezuela, Hugo Chávez, to greet him.

Both presidents shook hands in a historic greeting, following years of tension during the Bush Administration when relations between Washington and Caracas deteriorated.

President Chávez expressed his hope that relations between the two countries would change to President Obama. “Eight years ago with this same hand I greeted Bush. I want to be your friend,” President Chávez said upon receiving a greeting from President Obama.

President Obama then thanked the Venezuelan President.

On several occasions, President Chávez has stated that the only thing he wants from the United States is respect for Venezuela and its sovereignty.

What if Fox News threw a tea party and nobody came?

From MediaMatters.org:

While millions of people were scrambling to make it to the post office by 5 p.m. on Wednesday, far, far fewer showed up at Fox News' Tax Day Tea Parties. Media Matters for America extensively documented the incessant promotion of the tea parties by Fox News and its anchors and contributors. In fact, in the 10 days leading up to the protests, Fox News aired 107 ads promoting them. And in addition to encouraging its viewers to attend the protests, Fox News announced that viewers who couldn't attend could attend "a virtual tax day tea party" at TheFoxNation.com.

Well, tax day arrived, and Fox News didn't disappoint. Reporting from a protest in Boston, Fox Business Network anchor Cody Willard stated, "I'm on your side. I'm trying to take down the Fed." He also asked, "Guys, when are we going to wake up and start fighting the fascism that seems to be permeating this country?" At a protest in front of the Alamo, Glenn Beck hosted unofficial NRA head Ted Nugent, who played guitar while Beck interviewed Joe Horn, who was identified by a Fox News graphic as having "shot 2 illegals burglarizing home." Of course, Beck wasn't covering the protest so much as leading it. Meanwhile, John Gibson expressed his "hope[]" that "millions of people" would participate in the protests, while Neil Cavuto appeared to inflate the numbers at the rally he was attending in Sacramento. Cavuto stated of the Sacramento tea party: "They were expecting 5,000 here, it's got to be easily double, if not triple that." However, moments earlier, before Cavuto went on the air, a microphone caught Cavuto stating to a producer "There's gotta be 5,000" -- not "double, if not triple" that number.

Geraldo Rivera was not impressed, asserting, "The grand total of all of the tea party demonstrators" was less than the number "at that immigration rally in 2006 in the city of Chicago alone." Rivera added that the immigration rally was a "truly spontaneous demonstration," while the tea parties "may have had aspects of spontaneity."

While Bill O'Reilly was defending Fox News' coverage of the tea parties, calling it "vastly superior to anything else around," other networks were calling out Fox News for its support of the protests. On CNN, reporter Susan Roesgen grilled a Chicago protester who referred to President Obama as a "fascist" and said the protests were "highly promoted by the right-wing conservative network Fox." On the CBS Evening News, reporter Dean Reynolds cited Beck and Cavuto as among the "rightward-leaning commentators" who "embraced the cause." On ABC's World News, reporter Dan Harris said the protests were "cheered on by Fox News and talk radio." And CNN's Howard Kurtz asserted: "I don't think I've ever seen a news network throw its weight behind a protest like we are seeing in the past few weeks with Fox and these tea parties."

But Stephen Colbert summed it up best: "I would like to throw my support behind this grassroots effort by Fox News Corporation."

MAOISM WITHOUT MAO?

Thomas Riggins

"TALIBAN ENLIST AN ARMY OF PAKISTAN'S HAVE-NOTS''-- blazes a headline for a story by Jane Perlez and Pir Zubair Shah in Friday's NEW YORK TIMES (4-17-2009). Reporting from Peshawar, the authors explain how the Taliban took over a major part of Pakistan and plan to take over the country itself in the not too distant future. Here is how it happened in their own words (slightly edited to reduce length and to provide emphasis).

"The Taliban have advanced deeper into Pakistan by engineering a CLASS REVOLT that exploits profound fissures between a small group of wealthy landlords and their landless tenants.... " [ They defeated the Pakistani Army, took over the Swat Valley, imposed Taliban law and order, and are heading for the Punjab and eventually the whole of Pakistan-- it is only a matter of time! Why?]

"The Taliban's ability to EXPLOIT CLASS DIVISIONS ... is raising alarm about the risks to Pakistan, which remains largely FEUDAL." Pakistan is ruled by "a NARROW LANDED UPPER CLASS that kept its vast holdings while its WORKERS [i.e., peasants] REMAINED SUBSERVIENT...."

The feudal ruling class and its military controlled state has "failed to provide LAND REFORM and even the most basic forms of education and health care. Avenues to advancement for the vast majority of rural poor do not exist." The Punjab (no small potatoes here) "is ripe for the same social upheavals that have convulsed Swat and the tribal areas."

The Times also reports that there is a feeling in some segments of the upper class and its representatives that the Pakistani masses are ripe for revolution.

This is the blueprint that was behind the rise of Maoism and its triumphs in the last century (and more recently in Nepal). The big difference is that Maoism was ideologically based on Marxism and its program, though grounded in the peasantry, was influenced by the advanced ideological positions of a socialistically conscious working class.

This is not the case with the Taliban. The revolutionary potential of the Pakistani masses is being directed towards the establishment of a fundamentalist "Islamic" state which will keep the class relations of feudalism but spread the surplus created by peasant labor in a more equitable way.

The coming of Taliban power will end the control of the Pakistani state by the landlord class (which is rotten to the core and deserves no sympathy for either its fascistic military or its pseudo-democratic political facade) but will not really bring liberation to the Pakistani masses other than needed economic relief to the unending super exploitation they are now enduring.

The Taliban, and all it represents, is a nightmare for Western progressives. It presents us with beautiful example of a dialectical conundrum. The NEGATION of the present Pakistani state is nothing to cry over, but what forces are available for the NEGATION OF THE NEGATION as the Taliban is historically a dead end. The West, and particularly U.S. imperialism has managed to destroy all the really progressive regimes in the region--- I mean the pro-Soviet Afghan government and the former Central Asian Soviet Republics (and the Chinese are on an extended revolutionary holiday) and is engaged even now in both Iraq and Afghanistan in hopeless reactionary military adventures which only strengthen the Taliban and its allies.

Well, this is the dilemma. There are three CPs in Pakistan. Does anyone know what their positions are and how they propose to deal with the Taliban? A PA article on this mess would be helpful!

Is it Texas Uber Alles, Governor?

by Norman Markowitz

A few years ago I was giving a lecture before a group of students about U.S. Presidents and wars of aggression. After I had dealt with James K. Polk and the Mexican-American war, a student asked me if I would give up the conquests of the war, the contemporary U.S. Southwest. I said, as a joke, that I would never give up California, Arizona, Nevada, or New Mexico, but would think about Texas.Now the Republican Governor, Rick Perry (no relation to the best of my knowledge to Commodore Matthew Perry, who fought in the Mexican War and is best known for "opening Japan to the West" aka threatening the Japanese with a naval attack and having them sign an agreement opening trade) has mentioned the possibility of re-examining Texas relationship to the Union before group of rightwing yahoos straight out of central casting (not the internet search engine) shouting "secede" according to the press.

First let me present some relevant history before I address Perry's nonsense the way hipsters used to address political nonsense half a century ago-with counternonesense.

Texas slaveholders rebelled against Mexico after Mexico abolished slavery, in part because the Mexican government sought to gain protection and support from the British Empire which had abolished slavery in its colonies in the early 1830s, since it was no longer profitable.

The administration of Andrew Jackson, slaveholder, nationalist and expansionist, looked toward the annexation of Western territories, including Texas, whose leader, Sam Houston, was a Jackson protege from Tennessee.But Jackson feared the power of the British Empire, which he had fought as a teenager in the revolutionary war. Another Jackson protege, James k\K. Polk, carried forward Westward expansion by annexing Texas and provoking a war with Mexico over the Texas Mexican border.

Polk's real aim was to purchase California and he ordered General Zachary Taylor to occupy the disputed territory in the hope that war would break out when the attempt to purchase California failed. The U.S. won a sweeping victory--not only was the U.S. more advanced than Mexico but the Mexican land barons could not mobilize the masses of indigenous people living under their heel to fight against the Americans.

Texas entered the Union as a slave state after abolitionists failed in their campaign in Congress to have a resolution, the Wilmot Proviso, attached to any treaty ending the war that would bar slavery from all annexed territory. Texas joined the slaveholder's confederacy and fought against the Republic during the Civil War, although, to be fair, Sam Houston sided with the union and there was significant opposition to the slaveholders power in the state then, just as there is significant opposition to the oil and natural gas corporations power in the state today.

Governor Perry and his GOP friends should know that the union won the civil (under the leadership of Republicans who talked about hanging secessionists)and that the fourteenth amendment to the constitution of the United States established national citizenship and its supremacy over the states That settled the question of secession for all states. If one wishes to take him seriously, whatever conditions real or imagined by Governor Perry which prevailed when Texas entered the union through the machinations of a slaveholder President have not prevailed since 1866. Neither have there been any slaveholder Presidents since the fall of the Confederacy

Unless Perry and his friends could convince the Congress of the United States to voluntarily support such a secession, it would be an act of treason and it would be the duty of the U.S. government to use our 500 billion plus military to smash the secession, occupy Texas, and begin its reconstruction so that it could be re-admitted to the Union. Repealing the "right to work law" abolishing the death penalty, drawing representative electoral districts and making anger management a required school course might be some of the conditions for re-admitting Texas to the union

Now for some some counternonesense to Perry's nonesense in the form of leading questions. Since the plantations of some of the leading confederates were confiscated and turned over to the slaves (this was done only in a very very limited way, but the best example was the confiscation of Confederate President Jefferson Davis lands in Mississippi) should not the U.S. army confiscate the assests of the the oil and natural gas interests and make those assets public property, to compensate the American people not only for the cost of occupation but also for what these companies have done to the U.S. for so long? Should all the military industries in the state face nationalization for supporting the Perry secession?

Should the sordid history of business corruption and racist abuse directed against Mexican-Americans and African Americans among others, the dishonor that Texas has brought to the United States for so long for its championing of the death penalty lead to economic and political war criminals trials--a sort of judgment at El Paso?

Or should Texas be allowed to leave the union and become a buffer state between the United States and Mexico (with the U.S. of course controlling the oil)? Perhaps Texas could then become a neutral, a Switzerland of the Western Hemisphere? Since Commodore Perry in the
1850s suggested to the State Department that the U.S. attempt to establish sovereignty over Formosa as a way to can access to the China market and General Asian Trade, perhaps some bold leader might suggest trading Texas to China for Taiwan? However, it should be made clear to Perry (the Governor, not the late Commodore) that Texas slavery will under no circumstances be restored.

What is so wacky about this is that Perry appears to think, from the press commentary, that he can make some political capital out of such a statement. If he can, then he and his supporters deserve each other. As for President Obama, enemies like this should bring him many more friends among post nineteenth century Americans (or, for Perry and his friends, post-bellum Americans).

Perhaps Perry's statement was a ploy to encourage more respect for the intelligence of another Texan, GW Bush, at least by comparison. If our readers have any answers or questions for Perry, please send them in.

Friday, April 17, 2009

Video: Obama on climate change policy



Did you catch that? The economic stimulus package is going to invest in renewable energy and double it in 3 years.

Film review: Sugar

A film to Start the Baseball Season: Surplus Value on the Baseball Diamond

by Eric Green

Here is a non-Hollywood sports film, in this case a baseball film, that exposes the human side of professional sports, human trafficking. In this case it is the male youth of the Dominican Republic and their farm system of baseball players. This is truly a "farms system".

Strong phrase, "Human Trafficking" but that is the reality of the baseball farm system that produces a high volume of potential young Dominican ball players and eventually boils them down to a very few. The very few make it into the tiered baseball professional leagues: the minor leagues of Class A Class AA and Class AAA. The very few make it into the Major Leagues.

The Writer and Directors of this classic film are: Ana Boden and Ryan Fleck. They also wrote and directed the Indy film success; "Half Nelson" in 2006.

In this film, they follow the fictionalized career of Miguel "Sugar" Santos, played exquisitely by Algenis Perez Soto who was also born in the Dominican Republic. You get to meet his full family and the extreme poverty that his family and community endure. Yes, these players represent their way out of poverty.

They follow Sugar to the baseball training camp in the US and then to his first Class A baseball assignment in Kansas. A farming family with deep religious beliefs boards him.

This the tale of "Two Fish out of Water:" The farmer's family and the baseball players.

While in this baseball Class A minor team Santos meets other Latin American players from Venezuela, Panama and few others.

But, to Boden and Fleck credit, they show how all of the players, coaches and people associated with this baseball machine are exploited. The interplay between all of them is very well handled.

True, this is a not gladiator facing a cruel death; or, being severely injured for life as in football. Here the sore pitching arm could mean the end of the lines. A few make it to the top where the big bucks are doled out, but VERY FEW.

Meanwhile, if you don't make it is back to your homeland or to The Bronx New York. This is true capitalist exploitation. A comparison with Cuban baseball players would have been appropriate.

The film has been compared to the Hollywood baseball classic Bull Durham. That film was far more melodramatic. This film is very subtle and far more penetrating.

The final scene on the Bronx, NY baseball diamond of semi-professionals players, you get to meet players who played for many major league teams, but now relics far before their time. This, for baseball fans and followers, was the most poignant and devastating part of the film.

DON'T MISS THIS FILM.

Thursday, April 16, 2009

What Can We Do to Expose and Punish Cold War and Imperialist War Criminals

by Norman Markowitz

The question for today is this. The Obama administration has released classified materials on the methods of torture used by the CIA to interrogate prisoners as part of the war against terrorism. The documents show Bush administration figures providing rationales for these actions which the Obama administration has repudiated. But the Obama administration has ruled out "punishment" for those who engaged in these actions. How can we best challenge this decision and work to educate working people to oppose it (part one)?

There is also a second part which should be of special importance to us. Americans know about the the methods of torture used by the CIA over the last seven years. They don't know about the CIA hit lists numbering over ten thousand provided to the Suharto forces in Indonesia in 1965 of Communist activist leadership to be murdered (as they were along with hundreds of thousands of Indonesian workers and peasants and ethnic Chinese people). They don't know about the death lists provided to dictatorships of the right in Iran, Guatemala, Cuba, Chile, and many other countries from the early cold war years to the present---an institutionalized terror which resembles to me the Kommissarbefehl (or Commissar Order) signed by Hitler in June, 1941, that among captured Soviet prisoners, Communist functionaries and "those thoroughly bolshevized or as active representatives of bolshevist ideology" should be separated from the ordinary soldiers and immediately murdered. A very early postwar German film, made in the Soviet Occupation Zone was titled "The Murderers Are Among U.S." How Can we begin to publicize the crimes of the murders and torturers among us who were directly responsible for the murder of hundreds of thousands of Communist and left activists, not just the targeted countries where counter-revolution was organized and direct or indirect military intervention took place, but individuals, people much like me and you., whose "crime" was to belong to Communist and left groups and fight for socialism and national liberation?

Asleep at the switch

If you can get past the first 15 paragraphs of this article without losing interest, it may be worth it:

The Quiet Coup
Simon Johnson
The Atlantic

[...]

In its depth and suddenness, the U.S. economic and financial crisis is shockingly reminiscent of moments we have recently seen in emerging markets (and only in emerging markets): South Korea (1997), Malaysia (1998), Russia and Argentina (time and again). In each of those cases, global investors, afraid that the country or its financial sector wouldn’t be able to pay off mountainous debt, suddenly stopped lending. And in each case, that fear became self-fulfilling, as banks that couldn’t roll over their debt did, in fact, become unable to pay. This is precisely what drove Lehman Brothers into bankruptcy on September 15, causing all sources of funding to the U.S. financial sector to dry up overnight. Just as in emerging-market crises, the weakness in the banking system has quickly rippled out into the rest of the economy, causing a severe economic contraction and hardship for millions of people.

But there’s a deeper and more disturbing similarity: elite business interests—financiers, in the case of the U.S.—played a central role in creating the crisis, making ever-larger gambles, with the implicit backing of the government, until the inevitable collapse. More alarming, they are now using their influence to prevent precisely the sorts of reforms that are needed, and fast, to pull the economy out of its nosedive. The government seems helpless, or unwilling, to act against them.

Top investment bankers and government officials like to lay the blame for the current crisis on the lowering of U.S. interest rates after the dotcom bust or, even better—in a “buck stops somewhere else” sort of way—on the flow of savings out of China. Some on the right like to complain about Fannie Mae or Freddie Mac, or even about longer-standing efforts to promote broader homeownership. And, of course, it is axiomatic to everyone that the regulators responsible for “safety and soundness” were fast asleep at the wheel.

Read the whole article here...

UAW to get ownership stake in Chrysler?

UAW, Fiat likely to hold key stakes in new Chrysler
by Luca Ciferri
Automotive News | April 16, 2009 - 11:29 am EST

TURIN, Italy -- The UAW and Italy’s Fiat S.p.A. could be Chrysler LLC’s leading shareholders if the struggling U.S. automaker wins the concessions requested by President Barack Obama’s automotive task force by April 30, a source close to negotiations told Automotive News today.

Stakes held by Chrysler’s existing shareholders -- majority owner Cerberus Capital Management LP and 20 percent minority owner Daimler AG -- would be “zeroed” as part of the financial restructuring, the source said.

The U.S. Treasury Department is discussing with Chrysler lenders a potential swap of part of their debts into equity.

A committee representing the big banks and financial institutions holding Chrysler’s $6.9 billion in secured debt rejected Treasury's initial offer to exchange their debt for $1 billion. The committee is preparing a counteroffer that will be presented within a few days, according to a source familiar with the lenders committee strategy.

The UAW could receive a significant stake in the bailed-out Chrysler -- even larger than Fiat’s initial 20 percent, the source said. This stake would come if...

Read the whole article here...

Bad Money: Book Review

This is a rather long piece, from Salon.com, but it really gives a good picture of what is going on in this country. Where does Obama fit in?-- tr

BAD MONEY by Kevin Phillips

The decline and fall of the American empire of debt

Another election year, another jeremiad from Kevin Phillips. As the veteran political commentator notes in the preface to "Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism," the new book is his fourth in six years, which is impressive production by any standard. Phillips claims he did not originally intend to mark the 2008 election campaign with yet another tome lambasting the state of America. But really, what are you supposed to do when all your dire predictions of catastrophe and imperial decline start manifesting themselves in real time? As a Cassandra ready for his close-up, Phillips has every right to pump out a quickie I-told-you-so.

What is amazing is how lucid Phillips manages to be in 200 or so pages that were assembled on very short notice. The credit crunch that paralyzed Wall Street last August is the catalyst, but Phillips is up-to-date, economically speaking, right through the end of 2007. And he's lucky, even if the country isn't -- nothing that has happened since the new year began disproves Phillips' main theme, which is that Wall Street's chickens have come home to roost. The opposite is true -- every day brings further evidence that flaws in the foundation on which the United States is constructed are cracking wide open.

In his three most recent books, "Wealth and Democracy," "American Theocracy" and "American Dynasty," Phillips obsessed over what he describes as "the scary intersection of oil, debt, and religion." He doesn't so much repeat himself in "Bad Money" (although regular readers will find a great deal that is familiar) as he delivers a masterly recapitulative summation. The dots have all been connected, the picture is now complete.

Phillips has warned for years about the inevitably malign consequences of what he calls the "financialization" of the American economy. Sometime in the mid-'90s, he writes, financial services overtook manufacturing as the biggest chunk of the U.S. gross domestic product. If you believe, as Phillips does, that all the furious activity on Wall Street masterminded by the likes of Citigroup and Goldman-Sachs and Merrill Lynch is just a bunch of speculation and froth that doesn't actually result in the creation of anything real, then there has never been a better time for triumphantly pointing out the disasters that ensue when the rest of the world also realizes that Wall Street is wearing no clothes.

This book's thesis, now that a quarter century's results are in hand, is that the eighties can be identified as the launching pad of a decisive financial sector takeover of the U.S. economy, consummated by turbocharged, relentless expansion of financial debt, and eventual extension of mortgage credit to subprime and other unqualified buyers. The two converging pumps helped to swell the housing, mortgage, and credit bubble that began imploding in the summer of 2007.

The numbers provided by Phillips for financial debt are staggering. He assesses public debt -- "federal, state and local obligations" -- as totaling around $11 trillion. But private debt -- "financial, corporate, and mortgage" -- writes Phillips, far surpasses public obligations: a whopping $37 trillion.

Debts must ultimately be paid -- everyone knows that. But what is most frightening about our current circumstances is how quickly the reckoning has arrived. Phillips notes that many observers of the economy believed that a credit bubble at least two decades in the making would take at least as long as that to unwind. But instead, the books are getting balanced all at once, and the prospect of a shock that could imperil the entire global financial system has been acknowledged on the floor of Congress by none other than the chairman of the Federal Reserve Bank, Ben Bernanke. One can only imagine Phillips witnessing the rescue of Bear Stearns a few weeks ago and gnashing his teeth in frustration -- the drama would have served as a perfect set piece for Chapter 1 of "Bad Money." (But not to worry, there will be room for Bear Stearns in the paperback edition.)

Phillips is renowned in American punditry circles because he is the rare example, in recent decades, of a conservative who has moved steadily to the left. At one time a senior strategist for Richard Nixon and the author of "The Emerging Republican Majority," he is now utterly estranged from the Republican Party and makes no attempt to disguise his abject contempt for the current [Bush] administration. Nonetheless, he is consistent in noting that the financialization of the American economy is a bipartisan project. If anything, Bill Clinton's administration was more attentive to Wall Street's laissez-faire hankerings than either Bush administration. As a result, Wall Street now owns Washington, lock, stock and barrel, to an extent not witnessed since the 1920s. As recent events so clearly demonstrate, maintaining the health of financial markets is the first order of priority for Congress and the White House.

But is it all worth it? Where's the sense, asks Phillips, in protecting a revenue stream that primarily gets gobbled up by the top 1 or 2 percent richest Americans, at the expense of "the broad economy of 300 million Americans."

Phillips' two other preoccupations over the past decade are the rise of the religious right and increasing U.S. dependence on foreign oil. Previously, he has argued provocatively that Pentecostal-style belief in the imminence of the Rapture nurtures a get-rich-now, who-cares-about-the-future mentality in regions of the U.S. where hard times once bred economic populism and skepticism of men who wear top hats and monocles. What happened to Kansas? The short answer is, it got religion. But in "Bad Money" Phillips sounds a rare note of optimism. He interprets the Democratic takeover of Congress in 2006 as a rebuke to the seemingly unstoppable rise of evangelical America, which undercuts, by a fair bit, the thesis he put forth in "American Theocracy: The Peril and Politics of Radical Religion, Oil, and Borrowed Money."

Or maybe people just started paying attention. Could 2006 really have been the high-water mark for the "moral majority"? We'll have to wait for another election year to find out. [2008 proves the point.]

As for oil, while at first it might seem a bit off-putting to find a chapter on "peak oil" in the middle of a book mostly devoted to financial shenanigans, the current price tags of a barrel of crude and a gallon of gasoline obviously pile even more stress on top of an economy already teetering after years of gross mismanagement. [As of now 4-25-09 oil is oscillating around $50 a barrel] Phillips has long castigated the Bush administration for its energy misadventures -- believing, as do many Bush critics, that the invasion of Iraq was motivated in large part by geopolitical petroleum concerns. But how could two oilmen in the White House have screwed up so spectacularly? Dark times are ahead, he foresees, as the major powers of the world struggle for control of the world's dwindling supplies of fossil fuels. But as this time of peril hastens toward us, the once mighty U.S. is no longer master of its own manifest destiny.

If financial markets are just a giant Ponzi scheme, then, as viewed against the tapestry of imperial history, the U.S. has made the wrong strategic bet. Phillips has his most fun comparing the 21st century United States with the late stages of three great imperial powers before it -- the Spanish, Dutch and British empires. There's a distinct "The Rise and Fall of the Great Powers" thesis at work here, though Paul Kennedy's name is not mentioned.

As empires get long in the tooth, they appear to forget what made them strong.

Bingeing on debt is reckless, and financialization has a long record of being a dangerous late stage in the trajectory of previous leading world economic powers. Moving money around instead of making things is always dicey, and the U.S. transformation has been the most grandiose to date...

Money is "bad," in the historical sense, when a leading world economic power passing its zenith -- before the United States, think Hapsburg Spain, the maritime Dutch Republic (when New York was New Amsterdam), and imperial Britain just before World War I -- lets itself luxuriate in finance at the expense of harvesting, manufacturing, or transporting things. Doing so has marked each nation's global decline. To institutionalize the dominance of minimally regulated finance at this stage of U.S. history is a bad idea.

There is, naturally, a counter-argument -- that the frenetic activity of financial markets channels investment to where it is most profitable, that it results in efficient "price discovery," that risk is diversified by financial innovation. This is an argument we've heard an awful lot of from Wall Street and the White House over the past 25 years. It is the gospel of Milton Friedman and Alan Greenspan, and it's not going to go down without a fight. Perhaps all we need to note at this point is that the spring of 2008 isn't the best time to try to articulate that argument, with a straight face.

My summation is that American financial capitalism, at a pivotal period in the nation's history, cavalierly ventured a multiple gamble: first, financializing a hitherto more diversified U.S. economy; second, using massive quantities of debt and leverage to do so; third, following up a stock market bubble with an even larger housing and mortgage credit bubble; fourth, roughly quadrupling U.S credit-market debt between 1987 and 2007, a scale of excess that historically unwinds; and fifth, consummating these events with a mixed fireworks of dishonesty, incompetence, and quantitative negligence.
Come on, Kevin, tell us how you really feel!
― Andrew Leonard

THE TYRANNY OF OIL: BOOK REVIEW

The Tyranny of Oil by Antonia Juhasz


AN EXTENSIVE, SOBERING INVESTIGATION OF "BIG OIL" & ITS POWER
By RBSProds "rbsprods" (Deep in the heart of Texas)
(TOP 500 REVIEWER) at Amazon.com from which this review is reposted (slightly modified with no change in meaning).

Everyone should read this book if you want to get the real story of oil in the USA and around the world! Investigative author Antonia Juhasz has produced an extensive, sobering study of the oil industry with all of its historical implications, background stories, and relevance to today's problems. In 2007, according to Ms Juhasz, the oil industry was "far and away the most profitable industry in the world", even considering Wal-Mart's burgeoning sales.

This book is full of cases that range from the very first US oil gusher, to the birth of "Big Oil", expansionism, the countering Progressive and Populist Movements, oil wars, political scandals, illegalities, manipulations, and the negative impact on the environment, the author points to the long-lasting effects on the world and our lives. She is not in favor of just summarily shutting down the oil industry, but she has some unique ideas of what to do with it.

She covers a wide range of additional oil matters from the preeminence of Standard Oil, antitrust laws like the Sherman Antitrust Act, the Federal Trade Commission, the Teapot Dome Scandal, foreign oil companies, lobbyists, ICE energy futures traders, alleged market manipulation, the different types of oil drilling, and how we arrived at the current situation. Of special interest is the 1911 breakup of Standard Oil which was such a huge monopoly that it had to be split into 34 separate companies and also of special interest are the sections on the oil implications of the Iraqi War and Iran which are highly informative.

The author 'pulls no political punches' as she describes the Reagan administration's initiation of the dismantling of anti-trust legislation, how the Clinton administration let the "Enron loophole" slip through and how the Clinton and George W. Bush administrations allowed thousands of oil company mergers, including mega-mergers such as Exxon with Mobil, among others.

She describes how Big Oil exercises its influence from the 'price at the pump' to the "erosion of democracy, environmental destruction, global warming, violence, and war". And how much oil is left? The answers by her estimates are surprising and disturbing, which may explain the gouging that's currently going on. She states we must not only end the tyranny of oil in our lives, but also that of the "Big Oil" organizations. Then she explains why we must do it and how, using concepts that are workable if somewhat idealistic. As a plus, the author solves the mystery of some of those unusual oil company names, logos & acronyms.

Antonia Juhasz has written an outstanding and disturbing book, with some moderate repetitiveness, that points the way out of the present oil dilemma to a better future by remembering past mistakes. The words of Henry Demarest Lloyd reverberate across the pages of this book: "For the ignorance of the public is the real capital of monopoly". Indeed! Highly Recommended.

[For more info on this book google its title for video interviews with the author, videos of talks about the book, other reviews, etc. Everyone should demand the state takeover of this industry and democratic control of it by its workers and by a lobby free Congress-- TR]

Despite "teabagging" movement, most people favor taxes ... on the rich


A CBS News/New York Times Poll conducted April 1 - 5 found that most Americans (74 percent) think it is a good idea to raise taxes on people making more than $250,000 per year in order to help improve access to health care and provide tax cuts for households making less – something President Obama has proposed.

From CBSNews.com

WFTU poster

People have a "tax the rich" mentality

Wednesday, April 15, 2009

Today's Question: What Can We do about the looming Afghan Trap

by Norman Markowitz

The news from Afghanistan is not good, but there are few times in centuries, even millenia, when it has been. There is an article about women, young women, protesting against a new repressive law, passed by the Parliament and signed by the President, subjecting women, of the minority Shia denomination to religious law (no explanation of why this was done or any real connection of such policies with "democracy," although the article does make comparisons with the policies of the Taliban. The "law" makes it illegal for women to refuse the sexual
advances of their husbands, go to work or school without the explicit permission of their husbands, even compels women to dress and groom themselves as their husband wishes. The article does mention that the Shia minority was a special target of the Taliban regime, which has also persecuted Muslims of different denominations and all who who fail to conform to their edicts. There are also reports highlighting the failure of the U.S. military to recruit local militia, particularly from the large Pashtun group, from which

What can be done about Afghanistan? General withdrawal? Continued support for the Karzai government as an alternative or lesser of evils to the Taliban? A rejection of "nation building" for a campaign of "civil society" building? A policy of direct "linkage" of the Afghan war to all U.S. backing of Pakistan?

What are the ways out of the "Afghan trap," both for the Obama administration, the peoples of the region, and especially the peoples who make up Afghanistan?

I look forward to responses and suggestions.

Report shows charter schools more likely to close due to mismanagement than academic reasons

From Economic Policy Institute:

Supporters of charter schools argue that since enrollment in such schools is purely a matter of parental choice and discretion, ineffective charter schools would quickly lose their students and be forced to close down. But this does not appear to be the case. Even though most research shows that charter schools are doing, at best, only slightly better than regular public schools, less than 2% of all charters ever opened have closed due to academic reasons.

A recent report by the Center for Education Reform, a charter school advocacy group, finds that of the 5,235 charter schools opened since 1992, 657 have closed down. Of these 657 schools, only 91—or 14% (see chart)—were closed for “academic reasons,” defined as schools “whose sponsors found them unable to meet the academic goals and performance targets set by the state or written in their charter.”1 Moreover, the number of charters actually closed for academic reasons is likely to be even lower: close investigations reveal that some charters supposedly closed for academic reasons were in reality closed because of finances, mismanagement, or other organizational problems.2

Call-in day for single-payer health care reform

Today is a nationwide call-in day for single-payer national healthcare. Our message is clear: "Tax payer dollars should go to people, not profits. Support single-payer national health care now."

So today, we ask that you join with thousands of others to call Congress, to support single-payer legislation in both the House (HR 676) and the Senate (S 703).

If you don't know your Congresspersons, or want a script, all of the information you need is on our National Call-In Day page.

If you know your Representative and Senators, the Capitol Switchboard number is 866-338-1015. Ask to be connected, and then ask him or her to support HR 676 or S 703. If they are already a co-sponsor, thank them.

Podcast #97: The Tax Man Cometh

Political Affairs Podcast #97 - The Tax Man Cometh

On this episode. Taxes, taxes, taxes. We report on a national movement to restore fairness to the tax code by taxing the rich. Also, the Leadership Conference on Civil Rights held a national teleconference on the Employee Free Choice Act as a civil rights issue. We have some audio from that. And, finally, in March El Salvador elected Mauricio Funes, a candidate of the FMLN, as its president. We will play a portion of an interview with Rossana Cambron who visited El Salvador during the election as an observer.



Subscribe to this podcast in iTunes

Tuesday, April 14, 2009

The Pirates' Point of View

Thomas Riggins

Who are the real pirates anyway? The poor fishermen who live along the Somali coast could make a living my taking their small wooden boats out to sea and catching enough fish to feed their families and make some money selling fish in the markets along the coast.

In the 1990s the Somali government fell apart and could no longer protect its territorial waters. The big commercialized fishing fleets moved in and began illegal fishing in Somali waters--fleets from Europe (France, Greece, Spain, Norway. etc.,) from the East (Thailand, China, etc.). They came because they had already decimated the fishing stocks of the Atlantic and the Mediterranean-- driving Tuna almost to extinction-- as well as other fish.

Now they decimated the fishing stocks off the coast of Somalia, taking advantage of the Somalis and understanding that there was no one to stop their illegal poaching. Other ships from the developed world found they could dump their waste and pollutants in Somali waters as well-- killing large numbers of the remaining fish that native fishermen were trying to eke out a living from by catching.

Their way of life virtually destroyed by the connivance of the big commercial firms and their governments the Somali fishermen were forced into "piracy" to survive. If you crush people and push them down, starve their families and destroy their environment they will fight back. They will throw your tea in the harbor, spin their own cotton or collect their own salt from sea, steal a loaf of bread from the market, or even highjack your ships and crews to get the money their communities need to survive.

As usual our only response is to shoot them-- even if they were not harming hostages (they were after money not blood). First we destroy their way of life, their ability to feed themselves, their culture, then we shoot them. It's been going on since Columbus. Metals all around-- for our heroes, everyone.

100 days into the Obama Administration: Notes on developing a socialist line on the economic crisis

by John Case


1. The "questioning capitalism, considering socialism" sentiments reflected in the Rasmussen poll, especially among youth, can grow if they are clearly linked to the fundamental, practical, democratic demands of working people in recovery from the current crisis. A good way to discipline practicality, is to time-limit program debates. What can working people of our country, and world, achieve in 10 years time? Remember, the contours of workers rights and protections in society for over 30 years (till extended ( in part) in the Civil Rights/Johnson era) were determined in legislation passed from 1932-1937.

2. These folks will NOT be held for long by dead-end sloganeering, dogmatic rhetoric, or any agenda that sidelines the actual conditions of recovery. Thus our line must clearly separate ourselves from ALL empty phrase mongering.

3. The difference between sloganeering or dogmatism and genuine socialist, revolutionary democratic propaganda is, as ole Vladimir Lenin so often pointed out -- holding the link that pulls the whole chain. In the financial crisis, for example, that link -- the fundamental democratic issue around which all working class and progressive vs financial capitalist forces are now swirling-- is transparency. The people are willing to borrow (from themselves and their own future) trillions to save their OWN homes, pensions and savings funds (the real "counterparties" that are 'underwater' in the zombie banks). They are NOT willing to give their money to unaccountable bankers and STILL have their homes, savings, insurances and pensions ruined. If transparency reveals nationalization is the only practical way forward, they will be won to that position -- easily. If something less confrontational can achieve comparable protection, they will, in the main, support that path. The stress tests will likely show immense new sums -- economists are predicting another 2 trillion dollars -- will be needed soon. A profound tipping point in the transparency and credibility of the Obama financial rescue is approaching quickly.

4. The key distinction in employment is: unless the stimulus rapidly begins to stop the skyrocketing unemployment figures, is: the government must put people to work. Period. What that work should ideally be, once it is off the ground and largely funded with public money, is rightfully the subject of the broadest and most democratic discussion. Green production, green living, the expansion of wealth in public goods over endless consumption, restoration of manufacturing -- these and many other ideas need no ideological straitjacket of any kind.

5. The key distinction on equality is also easy to make: the new economic order -- in both private and public sectors -- must seek to realize the principle: from each according to his ability, to each according to his work -- the principle Marx formulated for the "first" or transitional era of socialism, and that has NEVER gone out of date. The first component of the slogan requires the maximum possible investment in the skills and capabilities of working people; the second requires tax, labor bargaining power, and income policies that insure the income of all keeps pace with productivity.

6. The key distinctions on a socialist-democratic, US brand of internationalism is harder (for me, at least) to construct, except that our participation in international institutions -- judicial, military and economic should rightly reflect the values of our own declaration of independence, the inherent equality of all human beings, and a due regard for the real proportions and distributions of economic and political power among the nations of the earth.

7. We cannot yield the principles of the socialist (and even communist) ideals to phrase mongers and dogmatists; but we must be resolute and firm on the democratic principles and objectives of the tasks before us.

What is your question for today's struggles

by Norman Markowitz

Having not gotten any response yet my second mulitple choice question, I thought that would ask our readers to come up with their own question and some possible answers. What is the most important question for the working class movement today.

As Alice B. Toklas remembered, her companion, Gertrude Stein, as she was going into an operation for cancer a the end of her life , asked Toklas, "what is the answer"? When Toklas didn't answer, Stein said, "what is the question"?

While I wouldn't say that capitalism is today in the condition that Stein was when she uttered those famous words, there are no answers without questions.

Why doesn't anyone blame PoliticalAffairs.net?

From The Daily Beast:

Socialist Shocker
by Benjamin Sarlin

A stunning new poll shows that just 53 percent of Americans favor capitalism over socialism. The Daily Beast’s Benjamin Sarlin writes that it’s not Obama’s fault. It’s Rush Limbaugh’s.

Maybe Glenn Beck and Rush Limbaugh are right—socialism is a real and dire threat to America. The latest Rasmussen poll shows a stunningly low 53 percent of Americans favor capitalism over the dreaded "s" word, with a full 20 percent preferring socialism and an addit[i]onal 27 percent unsure.

Even in the current economic gloom, it’s an eye-opening result. But it’s worth asking whether the supposed socialist resurgence is really the work of President Barack Obama, who has been branded a socialist since the 2008 campaign, or the same right-wing talkers who have been shouting it over the airwaves.

Read the whole blog post here...

Monday, April 13, 2009

Call for lifting the embargo on Cuba

From the Latin America Working Group:

The White House issued a statement today that lifted all restrictions on transactions related to the travel and remittances of family members to Cuba. Check our blog for details and comments. Here is the White House fact sheet on today's action.

We applaud today's announcement and President Obama's commitment to Cuban Americans and the sanctity of family relations. Nevertheless, we urge the President to now push forward in restoring the right of ALL Americans to travel. Watch our friend, Silvia Wilhelm of Puentes Cubanos, explain why she, a Cuban American, supports "Travel for All."

What today made clear to us is that we must double our efforts to demand a definitive end to the travel ban. Send the White House a message or, better yet, call the comment line (202.456.1111)

Here is the message:


Dear Mr. President:

Thank you for your executive action lifting the restrictions on travel and remittances for Cuban Americans. It is an important step forward toward creating a rational and effective policy toward Cuba. But it isn't enough. I ask that you step even further: there is more you can do by executive action to allow Americans to travel to Cuba; and you should indicate your support for congressional action to lift the entire travel ban on Cuba. These steps would send a message across the hemisphere that real change has come to Washington.

Looking to the Summit of the Americas, and on the heels of your executive order, I urge you to declare your support for the lifting of travel restrictions for ALL Americans, finally restoring the constitutional right to travel.

Sincerely,


We continue working toward our goal of putting an end to the travel ban, and each day more and more people join us in asking for "travel for all." Continue spreading the word, and be sure to take a moment today to celebrate this step forward.

Today's Multiple Choice Question for Today's Struggles

by Norman Markowitz

As of last year, the number of workers in U.S. privater sector unions was 7.5 percent, the lowest in the developed world. What strategies and policies are best to at least double and possibly triple that number over the next four years, as was done in the first five years of the New Deal government in the 1930s.

a. launch a national organizing drive, recruiting organizers from community activist organizations to help connect non union activist groups with the organizing drives.

b. After the passage of the Employee Free Choice Act, mobilize all resources to enact a new National Labor Relations Law that would repeal Taft-Hartley, Landrum-Griffin, and all anti-labor federal legislation's as a precondition to launching a national organizing drive centered on present day "right to work states."

c. Launch a national organizing drive centered on technical and
professional workers, skilled "information age" workers who are
overwhelmingly unorganized and threatened directly by both outsourcing
of technical professional jobs, and cutbacks .

d. work with trade union movements abroad to have the Obama administration . accept and endorse the Social Charter (Charter of the Fundamental Social Rights of Workers) approved by European Union Member states in 1988 and later updated in 2000. The Charter provides guidelines for state in regard to trade union rights, health and safety protections on the job, equal opportunity, and the social rights (protections and benefits of workers). It also specifically seeks to translate these principles in to legislation at the national level.

e. all or any combination of the above

f. Any other ideas for strategies and policies.

Fight hate crimes and give DC voting rights

From CivilRights.org:

  • Give D.C. Residents a Voice in Congress: Washington, D.C., residents pay federal income taxes, serve on juries, and fight and die in our military to protect our nation. Yet they do not have full-voting representation in the U.S. Congress. The District of Columbia House Voting Rights Act (H.R. 157) will provide Washington, D.C., residents with a full-voting member in the House of Representatives for the first time in our nation’s history.
  • Fight Hate Crimes and Help Ensure Safety and Security for All People: Hate crimes remain a continuing and horrifying problem in the United States. Although there are laws on the books to deter hate crimes and protect their victims, significant gaps remain unfilled. The Local Law Enforcement Hate Crimes Prevention Act (LLEHCPA) would give the federal government jurisdiction over prosecuting hate crimes in states where the current law is inadequate. The legislation would also facilitate federal investigations and prosecutions when local authorities are unwilling or unable to achieve a just result. Send a message to Congress through the Human Rights Campaign's "Fight Hate Now" website.

Obama to Lift Some Restrictions on Cuba

By Michael D. Shear
From the Washington Post

President Obama will announce today that he is lifting some restrictions on Cuban Americans' contact with Cuba and allowing U.S. telecom companies to operate there, opening up the communist island nation to more cellular and satellite service, a senior White House official said.

The decision does not lift the trade embargo on Cuba but eases the prohibitions that have restricted Cuban Americans from visiting their relatives and has limited what they can send back home.

It also allows companies to establish fiber-optic and satellite links between the United States and Cuba and will permit U.S. companies to be licensed for roaming agreements in Cuba.

Communications of those kinds have been prohibited under tough rules put in place by George W. Bush's administration to pressure for democratic change in the island nation.

But under the new policy promoted by Obama, satellite radio companies and television providers will also be able to enter into transactions necessary to provide service to Cuban citizens.

It will also provide an exception to the trade embargo to allow personal cell phones, computes and satellite receivers to be sent to Cuba.

As a candidate, Obama promised to seek closer relations with Cuba, and courted Cuban voters in the key state of Florida. As president, he has signaled that he intends to move toward a greater openness.

A White House aide said the president believes that democratic change will come to the Cuban nation more quickly if the United States reaches out to the people of Cuba and their relatives in the United States.

But the move is highly controversial, especially among those who supported former Bush's hardline policy, which viewed the restrictions as a way of spurring political change.

Obama's administration takes a somewhat different view, but has resisted a wholesale elimination of the trade embargo and travel ban, which has been pushed for by some in Congress.

The announcement, which is expected to come later today, comes as the president prepares to leave Thursday for the Summit of the America's in Trinidad, and a stop in Mexico.

More on clean coal

Where coal and clean tech meet
by Martin LaMonica

SOMERSET, Mass.--When it comes to covering green technologies, the color can sometimes be black as coal.

On Monday I drove to Southern Massachusetts to visit GreatPoint Energy's $37 million Mayflower Clean Energy Center, a demonstration plant for converting coal to natural gas. Built down the road from the state's largest coal plant at the mouth of the Taunton River, the plant started producing natural gas last month and is now gathering data to optimize the operation.

As a technology reporter, it's fascinating to see the energy industry's version of "hardware"--a 200-foot-high reactor, silos holding thousands of pounds of feedstock, and all manner of pipes of valves. I also got to wear a hardhat.

Most people associate green tech with renewable energy--sun, wind, biomass, geothermal. In reality, a lot of energy technology is aimed at making conventional fuels cleaner, which is exactly GreatPoint Energy's mission: to convert dirty coal into cleaner-burning natural gas and to bury carbon dioxide emissions underground.

From a business perspective, GreatPoint Energy is one of many green-tech start-ups taking those first steps from labs to commercialization--a precarious transition that few have been able to make. The project itself is a test case for some potentially significant energy technologies--gasification and underground storage of carbon dioxide.

Gasification, which appears to be undergoing a quiet resurgence in energy, is being used to turn many different feedstocks--coal, biomass, and even municipal trash--into a gas that can later be burned for heat or electricity. Whether gasification technologies qualify for "clean energy" government incentives is still unclear, but backers say that it's a cleaner process than burning.



Read the whole story here

Healthcare Reform Activism Heats Up

‘WEEK OF ACTION’ IN SUPPORT OF HR 676 TAKING SHAPE

WASHINGTON, DC – PDA activists from Northampton, MA, to Santa Barbara, CA, are preparing events for the upcoming “HR 676 Week of Action,” April 18-25, and PDA’s leadership will take to the road in support of Rep. John Conyers’ single-payer healthcare legislation.

“PDA remains committed to the single-payer solution, and we will continue to push for it inside and outside the beltway,” said Tim Carpenter, PDA’s executive director.

The week will kick off in Phoenix, AZ, on Saturday, April 18, with a healthcare town hall featuring Carpenter and representatives of allied organizations and elected officials. The same day, the Heartland Healthcare for All Forum will be held in Kansas City, MO.

On Sunday, April 19, Missourians for Single Payer will present Rep. Ed Massa speaking on “Washington’s Hidden Treasure: The Single-Payer Bill, HR 676” in St. Louis.

Monday, April 20, will see the first of four “Healthcare NOT Warfare” events in California, leading up to that state’s annual Democratic Party convention starting April 25. The Monday event will feature Carpenter and PDA California leader Dr. Bill Honigman at a town hall in Corona.

On Tuesday, April 21, Carpenter, Honigman and representatives of allied organizations will be featured at a Healthcare NOT Warfare rally in Orange County. On Wednesday, April 22, the action will shift to Santa Monica, where Carpenter will be joined by PDA Board Chair Mimi Kennedy and board members Tom Hayden and Norman Solomon for a Healthcare NOT Warfare forum.

On Thursday, April 23, Carpenter, Kennedy, Solomon and Honigman will be featured at a forum in Santa Barbara. Also that day, in Toledo, Ohio, Dr. Oliver Fein, president of Physicians for a National Health Program, will speak on the issue at the University of Toledo.

On Friday, April 24, the action will shift to Massachusetts, for rallies in support of single-payer healthcare in Greenfield and Pittsfield, followed by a rally in Northampton on Saturday, April 25. Also on April 25, Dr. Fein will speak at SPAN Ohio’s annual conference.

Carpenter notes that experience in other countries has shown that single-payer is the only system that can provide universal coverage while lowering costs, and it would create an estimated 2.6 million jobs in healthcare and related industries in the U.S.

Other reform plans under consideration in Congress and the Obama administration are basically expansions of the current system of private health insurance, Carpenter said, “but healthcare corporations exist to make profits for their shareholders, not to provide healthcare. As long as they are part of the equation, real reform will elude us.”

Progressive Democrats of America is one of the nation’s fastest-growing grassroots political organizations; it has active chapters in 45 states. PDA is dedicated to reviving the progressive tradition of the Democratic Party through grassroots organizing and working with elected Democrats to advance peace, justice and social, economic and environmental responsibility. More information is available at: http://pdamerica.org

Sunday, April 12, 2009

Multiple Choice Questions for New Times

by Norman Markowitz

I have an idea for a regular blog feature. A question with a series of answers that you can choose from, or come forward with your own answer, but Hopefully this will get people to start thinking about what can and should be done in many areas. I will try, I said, try, to do this on a daily basis. This is the first question, with some humor thrown in:

Question 1--What would you advise the Obama administration do with the big transnational banks

a. fire the chief executives and their boards of directors and replace
them with central computer programs developed to adjust the flow of capital based on maximizing production, employment, mass purchasing power and consumption in the economy. (Is this a possible way to get rid of careerist bureaucrats, not to mention capitalist crooks)

b.Nationalize the banking system before it collapses and shift all stocks into long-term public bonds, making these stock investments the equivalent of pension funds (the investors can't take them out without serious penalties) and making the investors personal assets depend on the success of a public sector based investment system (the wealthy wouldn't lose everything or necessarily even that much, but their capital, which of course derives form past labor, would be directly tied to higher levels of employment, production, and living standards (meaning present and future capital and, of course, they could not export their capital.

c. Establish a decentralized peoples banking system, with administrators elected by the people in the communities and investment decisions made by elected popular organs at various levels from the bottom up, with referenda and recall of elected bank officials who make destructive or corrupt decisions Would such grassroots from the bottom up economic democracy be possible?

d. Focus popular anger at the systemic corruption in Wall Street and Banking by seizing all assets of all institutions that have profited from these corrupt activities without compensation and re-opening Alcatraz for major economic criminals like Bernard Madoff, using this to make the bankers and the brokers understand that greed is no longer good but now quite dangerous to their futures.

e. Any idea that you might have in line or or different than any or all of these ideas.

Feel free to respond.

Is clean coal possible

From Scientific American:

Human activity results in the emission of some 30 billion metric tons of climate change–causing carbon dioxide (CO2) per year. About half of the greenhouse gas is absorbed by the world's oceans and plants, among other natural processes, but the rest lingers in the atmosphere for a century or more, driving up annual CO2 concentrations by around two parts per million (ppm).

Those atmospheric concentrations have climbed from roughly 280 ppm in the 18th century before the widespread burning of fossil fuels to 386 ppm today—and continue to rise. According to the Natural Resources Defense Council (NRDC), the coal-fired power plants built or planned since the turn of the 21st century will emit more carbon dioxide than all human coal-burning since the dawn of the Industrial Age: 660 billion metric tons over the next 25 years versus 524 billion metric tons emitted between 1751 and 2000.
Read the whole article here...