Please remember that not everybody is free from want.
Be thankful if you are.
You can find a food bank near you at this
Be thankful if you are.
You can find a food bank near you at this
"TO DESTROY THIS INVISIBLE GOVERNMENT,
TO DISSOLVE THE UNHOLY ALLIANCE
BETWEEN CORRUPT BUSINESS AND CORRUPT POLITICS
IS THE FIRST TASK OF THE STATESMANSHIP OF THE DAY."
-- Theodore Roosevelt--
New figures in Friday's jobs report from the Labor Department indicate that the broadest measure of unemployment—including those unemployed who have looked for work in the last four weeks, discouraged workers, and the "underemployed" (part-time workers looking for full-time work)—has hit its highest recorded rate. More than one in six, or 17.5 percent of workers, are unemployed or underemployed, and in some hard-hit states like California, Arizona, and Michigan, the figure can get as high as 20 percent. The current figure is almost a half-percent higher than the previously recorded high of 17.1 percent in December 1982, even though the official jobless rate remains lower than its peak in the 1980s.While all the Wall Street firms are flush with the money from the Bush bailout, Main street has yet to see full benefits from the Obama stimulus package. As always America's top-down priorities can be summed up as "comforting the comfortable." Station Agent's post today got me thinking about the whole 'too big to fail' meme, and this post is an expansion of my response there in comments.
(more details at The New York Times)
One can certainly cherry-pick through Smith's writings and assemble quotes backing every core conservative argument. He is presumed to have been against regulation and the welfare state, for instance. Quotes can easily be found to bear that out.On the road from the City of Skepticism,
I had to pass through the Valley of Ambiguity.
-- Adam Smith --
An argument mitigating the laissez faire effect of that first quote would focus on the underlined phrase. Smith lived and died well before the emergence of the modern multinational corporation. How would he have reacted to the idea of corporate lobbying, especially when the intent is so often to alter the laws so they no longer even resemble justice? What would he have thought of a government that was blatantly for sale to the highest bidder?"Every man, as long as he does not violate the laws of justice,
is left perfectly free to pursue his own interest his own way,
and to bring both his industry and capital into competition
with those of any other man or order of men."
"Every man is, no doubt, by nature,
first and principally recommended to his own care;
and as he is fitter to take care of himself than of any other person,
it is fit and right that it should be so."
Just because you bribe or coerce the Legislature into making something legal that was once criminal doesn't make it right. And one other question; would Smith have seen the monopolistic practices of giants like Microsoft as constituting a form of market regulation of their own?"A government that robs Peter to pay Paul
can always depend on the support of Paul."
-- George Bernard Shaw --
The whole justification for free-market capitalism can be summed up in a sentence; "it creates a free market environment where competition spurs excellence." That's fine in theory, but where the rubber hits the road you always see capitalists trying to merge into entities that are not just too big to fail, but too big to compete with. Whether they buy out anyone who challenges them, as for example Microsoft has always done, or collude with them and form a cartel, as you see in the oil and health insurance industries, the result is the same. No competition. No free market. Prices are fixed at artificially inflated values, and the public is screwed.People of the same trade seldom meet together,
even for merriment and diversion,
but the conversation ends in a conspiracy against the public,
or in some contrivance to raise prices.
It is my contention that much of today's discourse is seriously distorted by the near universal acceptance of some points which are, in fact, completely false. One of these is the idea that modern Conservative/Republican philosophy is strongly tied to the principals of free market capitalism as espoused by the like of Adam Smith.The author then shows that Smith considered the investor class to be parasitic on the rest of the economy, and their interests contrary to general prosperity.
The plans and projects of the employers of stock regulate and direct all the most important operations of labour, and profit is the end proposed by all those plans and projects. But the rate of profit does not, like rent and wages, rise with the prosperity, and fall with the declension, of the society. On the contrary, it is naturally low in rich, and high in poor countries, and it is always highest in the countries which are going fastest to ruin. The interest of this third order, therefore, has not the same connexion with the general interest of the society as that of the other two.By taking the top-down investors-first approach to the economy Barack Obama's financial advisers (all members of the investor class and most alumni of the Goldman Sachs boardroom) ignore the lessons of history and all credible economic theory. Listening to those , "who have generally an interest to deceive and even to oppress the public, and who accordingly have upon many occasions, both deceived and oppressed it," would seem to constitute Obama's biggest mistake to date.
The proposal of any new law or regulation of commerce which comes from this order, ought always be listened to with great precaution, and ought never to be adopted till after having been long and carefully examined, not only with the most scrupulous, but with the most suspicious attention. It comes from an order of men, whose interest is never exactly the same with that of the public, who have generally an interest to deceive and even to oppress the public, and who accordingly have upon many occasions, both deceived and oppressed it.
By this yardstick there is only one thing that could be more dangerous than the gloomy unemployment statistics at the head of this post. And that danger is that the blood-sucking investor class can continue to shop for fancy draperies (paid for by the taxpayer) while the nation's foundation crumbles beneath them. Conservative philosophy revealed itself to be unsustainable practically speaking with the banking crisis last year. Hopefully this post shows that it is and always has been a sham on the theoretical side as well."Labor is prior to, and independent of, capital.
Capital is only the fruit of labor,
and could never have existed if Labor had not first existed.
Labor is superior to capital,
and deserves much the higher consideration."
-- Abraham Lincoln --
“Labour was the first price, the original purchase -
money that was paid for all things.
It was not by gold or by silver, but by labour,
that all wealth of the world was originally purchased. ”
-- Adam Smith --
"Capital is dead labor,
which, vampire-like, lives only by sucking living labor,
and lives the more, the more labor it sucks."
-- Karl Marx--
Twenty years after the fall of the Berlin Wall, a new BBC poll has found widespread dissatisfaction with free-market capitalism.In the global poll for the BBC World Service, only 11% of those questioned across 27 countries said that it was working well. Most thought regulation and reform of the capitalist system were necessary. There were also sharp divisions around the world on whether the end of the Soviet Union was a good thing.So, as some celebrate the fall of the Berlin Wall (which was after all a good thing) others regret the collapse of communism that brought it about.
An Italian judge has convicted 23 Americans - all but one of them CIA agents - and two Italian secret agents for the 2003 kidnap of a Muslim cleric.A little more information that the BBC omits is available from this article at Al-Jazeera. For one thing the three Americans who were acquitted actually got a pass for having diplomatic immunity. For another the five Italians were acquitted because they were "protected by State Secrecy rules." Which leads one to wonder why the 2 convicted Italian agents were not covered by that umbrella. Hmmm...
The agents were accused of abducting Hassan Mustafa Osama Nasr, known as Abu Omar, from Milan and sending him to Egypt, where he was allegedly tortured.
The trial, which began in June 2007, is the first involving the CIA's so-called "extraordinary rendition" programme.
The Obama administration has expressed its disappointment at the convictions. "We are disappointed by the verdicts," state department spokesman Ian Kelly said in Washington. He declined to comment further pending a written opinion from the judge, but said an appeal was likely.
Three Americans and five Italians were acquitted by the court in Milan.
The CIA's Milan station chief at the time, Robert Lady, was given an eight-year term, while the other 22 Americans convicted - one of them a US air force colonel - were sentenced to five years in prison.
In America we see a government that continues to deny their own criminal activity. Then when it becomes undeniable, they deny that there is anything illegal about it. Then, when THAT becomes undeniable, they try to retroactively make legal the most egregiously despicable actions. Sickening. As Glenn Greenwald asks, "How can you be an American citizen and not be completely outraged, embarrassed, and disgusted by this conduct?"What they're disappointed with, frankly, is that their depraved indifference to the rule of law cannot be forcibly extended to other jurisdictions.
Toobin: "the bad thing about this is that because of Interpol the [convicted criminals] have to avoid travel not only in Italy but most of the rest of Europe as well.The only agreement that any foreign country might have with the US (at least so far as international law is concerned) about spies is this -- if a spy has an official embassy cover, when caught spying they are not charged, but simply declared Persona Non Grata and expelled from the country. As noted above this is what happened to the three CIA criminals who had diplomatic immunity. The others had to have been what is known as NOC's (meaning non-official cover,) and should have known that they were vulnerable to charges if they broke Italian law.
Blitzer: It's part of the job description of the CIA that they go into other countries, and break the law. They break and enter. They engage in bribery, and so forth. Italy is an ally. They're supposed to have an agreement with the US about things like this. The system failed somehow."
As with everything the administration of Bush the Lesser touched, in this case loyalty only ever worked in one direction. Some days it just sucks to be Mr. Phelps.It’s not easy for me to generate a lot of sympathy for a CIA man involved in a kidnapping, but I feel sorry for Bob Lady.The little guy stuck carrying out the operation (that he objected to) had to flee his home to avoid imprisonment, not to mention lost his wife, and all their property in Italy may go to Omar as restitution for his rendition...And the CIA abandoned Lady, disowning him as an employee and refusing to assist him in any way.
He and his wife loved Italy so much they bought a house in the foothills of the Alps and retired there in 2004. Months later an urgent call came, warning Lady to get out of Dodge — don’t even pack. The cops were on their way.
Tipped off, the Ladys successfully fled the country. But they left behind a bonanza of evidence in their dream home, not the least of which was a CIA surveillance photo of the kidnap victim, Osama Mustafa Hasan Nasr, known as Abu Omar...
So, as with Abu Ghraib, the accountability begins and ends with the least powerful and never makes it up to the top decision makers.
He became simply a mouth that uttered, a hand that signed, whatever was demanded of him. His sole concern was to find out what they wanted him to confess, and then confess it quickly, before the bullying started anew. He confessed to the assassination of eminent Party members, the distribution of seditious pamphlets, embezzlement of public funds, sale of military secrets, sabotage of every kind. He confessed that he had been a spy in the pay of the Eastasian government as far back as 1968. He confessed that he was a religious believer, an admirer of capitalism, and a sexual pervert. He confessed that he had murdered his wife, although he knew, and his questioners must have known, that his wife was still alive...It was easier to confess everything and implicate everybody.Clarification: One other small point just to be accurate. For anyone hoping that the US government, Justice Department, Obama administration or any combination of the above will eventually step up, do the right thing, and extradite the guilty parties to Italy - fuggedaboudit. The fact is that extradition requests were made long ago, and were refused. Duh-uh, that's why they were all tried in absentia.