Elizabeth Warren released her report:
Rigged Justice: How Weak Enforcement Lets Corporate Offenders Off Easy."
In it she notes:
"The report, the first in an annual series on enforcement, highlights 20 of the most egregious civil and criminal cases during the past year in which federal settlements failed to require meaningful accountability to deter future wrongdoing and to protect taxpayers and families."
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| http://web.stanford.edu/~chadj/piketty.pdf |
The trouble with capitalism is that it tends to lump together "capital" with rental opportunities and create an aristocracy of wealth and power that has the ability to take the first cut on production and starve labor. This can't be good for anyone. Not all capital is the same, and when capitalists are disinvesting from actual production that increases inequality and eventually collapses the economy.
I still wish for an in person debate between Paul Krugman and Robert Reich. In a way we have one between their newspaper columns. Krugman in the times: http://www.nytimes.com/2016/01/22/opinion/how-change-happens.html and Reich in his blog: http://robertreich.org/post/137882162570 I think they both are making valid points. But I disagree fundamentally with Krugman's attack on the value of “transformative rhetoric”
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My friend Raquel Partnoy announced the death of the activist Susan Matzkin today. I noticed there wasn't much out there in English on her. So I realized I needed to pass this information along. Raquel's announcement, in my poor translation goes:
"With deep regret we hear the sad news that Susan Matzkin has passed away. She was a tireless worker for human rights in lawsuits against those guilty of crimes against humanity and in the struggle for justice in the murder of her Sister Raquel Matzkin Zulma and companions during the military dictatorship. Her example of human dignity will always be remembered and will help to continue fighting for Truth and Memory." [https://www.facebook.com/photo.php?fbid=10208608784285501&set=a.1539358572349.71963.1486466851&type=3&theater]
Her sister, Raquel Matzkin Zulma, was one of many young people killed by the Argentine Fascists during what amounted to a holocaust for educated Jews, progressive and radical Argentines, in what is euphemistically called "el processo" or "the dirty war" in Argentina. She dedicated her life to bringing to justice the people who committed those crimes against her own people. Roberto Baschetti has a brief bio of her sister:
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| Murdered 10/5/1976 |
"Matzkin, Zulma Raquel.
Born June 9, 1952 in Francisco Madero, Buenos Aires. She studied economics at the Universidad Nacional del Sur (UNS). Militant Peronist University Youth (JUP), abducted on 18 July 1976 and taken to the concentration camp "school" of Bahia Blanca. She was murdered in a faked encounter with three others, actually by the repressive forces in that city, the 10/05/76."
If we keep listening to Faux news, Right Wing Radio, and folks like Donald Trump and Ted Cruz, this sort of thing could happen here. Althoug with police extrajudicial murders and "accidental poisonings" like happened in Flint. I would suggest it's already happening here for some people.
In a previous post "The sabotage of the New Deal" I shared some observations, mostly gleaned from James Galbraith's book "The Predator State" talking about the resilience of New Deal Institutions and how that resilience derived from their mixed private and public character. I then segued into discussing how the cons realized they couldn't repeal the New Deal because they had no alternative that worked. The cons decided instead to corrupt them. In this post I want to share some broader concepts. But it starts with a simple fact. James Galbraith was talking about Roosevelt, but could just as easily be talking about our incipient Oligarchs when he said:
"private economic activities supported, leveraged, guaranteed, and regulated by public power," coupled with "public institutions aided, abetted and buttressed by private money."
When folks call what is going on socialism for oligarchs, they aren't kidding. To acquire fortunes in the Billionaires one has to have to factors going. One is "de-regulation" -- and the other is private control (ownership) of public resources. Socialism is supposedly public ownership of private resources. But what is private ownership of public resources? It is not just oligarchy, it is aristocracy. And when carried to it's logical extreme it is Monarchy.
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Piketty's book "Capital" talks about not one, but two kinds of inequality. One; wealth inequality and two; income inequality. He demonstrates through his pages that of the two wealth inequality is the more pernicious. Wealth inequality begins with income inequality, or simple colonization, but then rapidly becomes inherited wealth. Income inequality represents the power of status and position, capital and market power to favor some professions and capital control over other trades or simple labor.
Our incredibly corrupt Supreme Court (SCOTUS) announced they are going to hear the case of the even more corrupt former Governor of Virginia, Bob McDonnell, and his appeal of his conviction on bribery. The courts continue to affirm that the private separate advantage (tyranny) of money and power to buy private separate access and undue influence are:
"protected free speech."
