This is a US election that defies logic and brings the nation closer towards a one-party state, masquerading as a two-party state.
The Democratic incumbent has surrounded himself with conservative advisors and key figures — many from previous administrations, and an unprecedented number from the Trilateral Commission. He also appointed a former Monsanto executive as Senior Advisor to the FDA. He has extended Bush tax cuts for the wealthy, presided over a spiralling rich-poor gap and sacrificed further American jobs with recent free trade deals.Trade union rights have also eroded under his watch. He has expanded Bush defence spending, droned civilians, failed to close Guantanamo, supported the NDAA which effectively legalises martial law, allowed drilling and adopted a soft-touch position towards the banks that is to the right of European Conservative leaders. We list these because many of Obama’s detractors absurdly portray him as either a radical liberal or a socialist, while his apologists, equally absurdly, continue to view him as a well-intentioned progressive, tragically thwarted by overwhelming pressures.My personal favorite section:
As outrageous as it may appear, civil libertarians and human rights supporters would have actually fared better under a Republican administration. Had a Bush or McCain presidency continued Guantanamo and introduced the NDAA, the Democratic Party would have howled from the rooftops. Under a Democratic administration, these far-reaching developments have received scant opposition and a disgraceful absence of mainstream media coverage.
As I believe the author is British, I find this analysis from an outside perspective somewhat refreshing.
Ahem… Yup.
And then you lose money through inflation. I'm not saying it can't be done I'm just saying it's stupid.
(RE: this)
I totally agree. Also, depending on your ethical stance towards what the government is doing with that free loan you’re giving them, it’s arguably immoral.
Nonetheless, there are vast swaths of the working poor who are shut out of mainstream financial institutions. Further, behavioral economics suggests that “savings behavior” (regardless of interest / efficiency) is most effectively achieved when it is easy, automatic, and not cognitively burdensome. From this perspective, whatever this strategy of “structured withholdings” sacrifices in profit maximization / efficiency, it definitely compensates in other ways to make it a viable savings vehicle for the working poor.
It’s definitely not ideal but neither is being so poor that you’re shut out of easy, safe, and profitable savings mechanisms. As much as it pains me to say it, I can (at least) sympathize with the strategy.
Let us begin our activism right here: with the money-driven villainy at the heart of American foreign policy. To do this would be to give up the illusion that the sentimental need to “make a difference” trumps all other considerations. What innocent heroes don’t always understand is that they play a useful role for people who have much more cynical motives. The White Savior Industrial Complex is a valve for releasing the unbearable pressures that build in a system built on pillage. We can participate in the economic destruction of Haiti over long years, but when the earthquake strikes it feels good to send $10 each to the rescue fund. I have no opposition, in principle, to such donations (I frequently make them myself), but we must do such things only with awareness of what else is involved. If we are going to interfere in the lives of others, a little due diligence is a minimum requirement.
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The White Savior Industrial Complex - Teju Cole - International - The Atlantic
Excellent article. You should read the whole thing.
(via theatlantic)
ataxiwardance: Teju Cole has been on fire lately.
Twenty years ago, Switzerland had a system very similar to America’s - private insurers, private providers - with very similar problems. People didn’t buy insurance but ended up in emergency rooms, insurers screened out people with pre-existing conditions, and costs were rising fast. The country came to the conclusion that to make health care work, everyone had to buy insurance. So the Swiss passed an individual mandate and reformed their system along lines very similar to Obamacare. The reform law passed by referendum, narrowly.
The result two decades later: quality of care remains very high, everyone has access, and costs have moderated. Switzerland spends 11% of its GDP on health care, compared with 17% in the U.S. Its 8 million people have health care that is not tied to their employers, they can choose among many plans, and they can switch plans every year. Overall satisfaction with the system is high.
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Like I said, universal health care has worked in many countries for decades. The evidence is overwhelming.
(via prettayprettaygood)
LTMC: whatever do you mean? Socialism has ravaged Scandinavian welfare countries. Just look at this hellhole:






what a wretched monument to tyranny.
(via letterstomycountry)
ataxiwardance: I’ve constructed a few arguments for single payer universal healthcare in my days. Some economic and some moral. I’m a creative and fairly good critical thinker but no abstract argument ever seem to be as compelling as the (relatively undisputable) empirical evidence that their shit just works better.
Right wing scare mongering and the occasional horror story about NHS aside, I’d be happy to trade such spook stories for the constant nightmare of the US healthcare system.
(Mother Jones) —By Paul Abowd | Wed Feb. 15, 2012 3:00 AM PST
“We haven’t seen anything this severe anywhere else in the country,” says Charles Monaco, a spokesman for the Progressive States Network, a New York-based advocacy group. “There’s been nothing in other states where a budget measure overturns the democratic vote.” Williams says emergency managers are able to enact draconian policies that would cost most city officials their jobs: “They couldn’t get elected if they tried.”
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With an indefinite term and a city salary of $150,000, Schimmel doesn’t answer to anyone but the governor, at whose pleasure he serves. The city council can no longer make decisions but still calls meetings, which are routinely packed with angry residents. Asked by radio station WJR if the emergency-manager law hands power over to a “dictator,” Schimmel sighed, “I guess I’m the tyrant in Pontiac, then, if that’s the way it is.”
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Pontiac is not Schimmel’s first clean-up job. In 2000, he was named the emergency manager of Hamtramck, where he served for six years. In 1986, a judge appointed him to oversee Ecorse’s finances after the city landed in state receivership; he stepped in and privatized city services. Today, the city is back in debt, and back under state management. Schimmel concedes that the privatization strategy can backfire, but he blames inept local government. “If you don’t have an overseer of the contractor, privatization can be much more expensive than in-house services,” he explains.
The Slovenian philosopher and critical theorist talks to Al Jazeera about the momentous changes taking place in the global financial and political system.
“The most difficult struggle is who will appropriate this energy of protest?”
Scott Campbell
The Telegraph - Something extraordinary has happened in the Chinese village of Wukan.
For the first time on record, the Chinese Communist party has lost all control, with the population of 20,000 in this southern fishing village now in open revolt.
The last of Wukan’s dozen party officials fled on Monday after thousands of people blocked armed police from retaking the village, standing firm against tear gas and water cannons.
Since then, the police have retreated to a roadblock, some three miles away, in order to prevent food and water from entering, and villagers from leaving. Wukan’s fishing fleet, its main source of income, has also been stopped from leaving harbour.
The plan appears to be to lay siege to Wukan and choke a rebellion which began three months ago when an angry mob, incensed at having the village’s land sold off, rampaged through the streets and overturned cars.
Although China suffers an estimated 180,000 “mass incidents” a year, it is unheard of for the Party to sound a retreat.
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Wukan’s troubles began in September, when the villagers’ collective patience snapped at an attempt to take away their land and sell it to property developers.
“Almost all of our land has been taken away from us since the 1990s but we were relaxed about it before because we made our money from fishing,” said Yang Semao, one of the village elders. “Now, with inflation rising, we realise we should grow more food and that the land has a high value.”
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The news of Wukan’s loss has been censored inside China. But a blue screen, which interrupts television programmes every few minutes inside the village, insists that the “incidents” are the work of a seditious minority, and have now been calmed. “It is all lies,” said Ms Xue.
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With enough food to keep going in the short-term and a pharmacy to tend to the sick, the leaders of Wukan are confident about their situation.
But it is difficult to imagine that it will be long before the Communist Party returns, and there are still four villagers in police custody.
“I have just been to see my 25-year-old son,” Shen Shaorong, the mother of Zhang Jianding, one of the four, said as she cried on her knees. “He has been beaten to a pulp and his clothes were ripped. Please tell the government in Beijing to help us before they kill us all,”
The Daily Show on the Federal Reserve’s secret class warfare against the United States taxpayer
The U.S. government loaned banks $7.7 trillion in secret bailout funds at no interest and then borrowed the money back at interest.