Here are three short articles which I wrote between 2011 and 2015 which sum up the Obama presidency, and the Obama vision and legacy. We should remember, those who cannot learn from history are doomed to repeat it. Let us review now the torturou… . . . → Read More: Writings of J. Todd Ring: Obama’s Vision and Legacy: A retrospective look at the Obama presidency – before we lose all sight of recent history, as our culture is wont to do
(And that is not a threat, of course, but a prediction) An analysis of the present state of future prospects of the nation ~ An open letter in response to Daily Kos, and to anyone concerned with either justice, or peace The article I recently wrote and… . . . → Read More: Writings of J. Todd Ring: Prospects for America: Sanders vs Civil War
The following article was written on October 25. I wanted to read it over once more before publishing it, then got busy with other things and forgot about it. In the roughly six weeks that have passed since the writing of this article, the Bitcoin prices have gone from roughly $200 to over $700. There . . . → Read More: Writings of J. Todd Ring: The rise of Bitcoin: and the challenge to the global domination of big money
“Twenty years ago, the North American Free Trade Agreement (NAFTA) was signed into law. At the time, advocates painted a rosy picture of booming U.S. exports creating hundreds of thousands of new jobs, and economic development in Mexico, which would bring the struggling country in line with its wealthier northern neighbors. Two decades later, those . . . → Read More: Writings of J. Todd Ring: NAFTA, “Free Trade” and the TPP: Fast-Track To Full Corporate Rule
I’m not sure what to make of the hoopla going on in the US right now. I’m inclined to think it’s all just political theatre, as Gerald Celente calls it, designed to distract the people from the real issues – the central one being, who controls the government and the nation? Wall Street, the big . . . → Read More: Writings of J. Todd Ring: US government shutdown, and other fairy tales and political theatre
There is a deeper reason for the war on drugs, which is the central reason for the policy, even outweighing profits from private prisons and seizure of property by law enforcement officers, both of which no doubt are also significant and strong motivations for keeping the “war on drugs” going. Nearly thirty years ago, Chomsky . . . → Read More: Writings of J. Todd Ring: The deeper reasons for the “war on drugs”
(that the mass media won’t tell you about) 1. The Middle East holds 60% of the world’s remaining energy reserves: therefore, the entire region is critical to control – for anyone with an empire fetish, that is. And if you’re serious about controlling the Middle Eastern oil reserves, then you must control, not just the . . . → Read More: Writings of J. Todd Ring: The real reasons for threats of war against Syria
If I were asked what I felt were the top priorities facing human beings today, in the 21st century, I would have to say there are four that top the list, in my mind. 1. Halt the global corporate coup. Defeat the corporate war on democracy, which is now escalating daily, and take democracy back. . . . → Read More: Writings of J. Todd Ring: Top Priorities of the 21st Century
The key to deficit reduction is not austerity – reducing government spending by cutting programs and personnel – but good old-fashioned employment. Stanford’s argument is in the Krugman reformist, Keynesian tradition. He doesn’t seek a transformation, merely a technical economic readjustment, but, given our failure to transform capitalism so far – which can be brought about, in any case, only with a political strategy, not mere economic tinkering – it has value within the framework of a capitalist reality – a stopgap of sorts.
As I’ve said many times in that context:
Without employment, no income; without income, no spending; without spending, no demand; without demand, no production; without production, no economy.
And thus no tax revenue to pay down the deficit. Frighteningly simple, especially when one realizes that government itself instead of firing people could be employing them and establishing employment programs in an effort to stimulate the economy when the private sector is failing to do so during these stagnating times.
Still, the question remains: why is it that so many governments continue to drink the austerity koolaid when it is so evident from countless global examples that it simply doesn’t work? Because of course, as the main partner in corporatocracies, they serve their corporate brethren and their plutocratic masters. Austerity always privileges this investor class, and, while it may seem counter-intuitive, recessions, as Robert Pollin has suggested, actually benefit this class*. Ontario is no exception in its allegiance to the financial sector – after all Bay Street isn’t in Boise – especially since it necessarily controls so much of Ontario’s industrial economy too. As long as industrial economic activity is fulled by debt/credit, the financial sector and its capital will be in control.
We should nevertheless be grateful, I suppose, that the Ontario Liberals chose to ignore Don Drummond’s highly dubious classic neoliberal recommendations. Who knows the horrors they might have wrought.
* In the eyes of the investor class, austerity presumably generates confidence by working to maintain government solvency and asset value, especially long-term government bonds, by way of keeping inflation in check through reduced spending. Thus Canada’s neoliberal fiscal policy complements the Bank of Canada’s monetary policy of low interest rates, which also keep inflation in check. This is important to the investor class because government is of course the final guarantor of the plutocrats’ investments and their banking institutions. The outsourcing of government services if they happen at all under austerity is only an incidental benefit as is increased neoliberal freedom in the “marketplace,” for spending, whether intended by the policy or not, is also seriously inhibited in the general economy..
. . . → Read More: Politics and Entertainment: Why are governments addicted to neoliberal #austerity?
The key to deficit reduction is not austerity – reducing government spending by cutting programs and personnel – but good old-fashioned employment. Stanford’s argument is in the Krugman reformist, Keynesian tradition. He doesn’t seek a transformation, merely a technical economic readjustment, but, given our failure to transform capitalism so far – which can be brought about, in any case, only . . . → Read More: Politics and Entertainment: Why are governments addicted to neoliberal #austerity?
The Real Story of the 2012 US Presidential Election – the story the mass media missed altogether – And the critical lessons from history that we must learn now “Those who do not learn from history are doomed to repeat it.” – anonymous “Evil can flourish only when good people do nothing.” – anonymous “Repeating . . . → Read More: Writings of J. Todd Ring: The global financial coup and the coming revolution
In the 1960s, a phrase was being bandied about that included the two words that most terrify corporate executives: consume less. A substantial number of people, particularly young people, were coming to the conclusion that the road to nirvana may not necessarily lie through endlessly consuming more stuff. Indeed, consuming ever more stuff might just . . . → Read More: Bill Longstaff: The corporate counterrevolution rolls on
Paul Street on why the U.S. is not a “fascist” state: Even if real historical fascism could be translated across times and place to the modern U.S. it would be largely redundant for America’s powers that be. The American elite already gets the basic regressive and authoritarian outcomes of fascism – increased exploitation and division . . . → Read More: On “fascism” in the U.S.
“The structure of the control network of transnational corporations affects global market competition and financial stability. So far, only small national samples were studied and there was no appropriate methodology to assess control globally. We present the first investigation of the architecture of the international ownership network, along with the computation of the control held . . . → Read More: The network of global corporate control
Overhead view of the Occupy Toronto encampment, St. James Park (from Torontoist)Al Gore’s book, “The Assault on Reason” is one of the best treatises on American democracy I’ve ever read. Written almost five years ago, the book goes into great detail ab… . . . → Read More: Runesmith’s Canadian Content: Occupy: Why Voting Isn’t Enough
Overhead view of the Occupy Toronto encampment, St. James Park (from Torontoist)
Al Gore’s book, “The Assault on Reason” is one of the best treatises on American democracy I’ve ever read. Written almost five years ago, the book goes into great detail about the many ways in which that democracy has been undermined in . . . → Read More: Runesmith’s Canadian Content: Occupy: Why Voting Isn’t Enough
I don’t want wealthy, well-connected individuals, corporations and lobbies buying politicians; A large and secure middle class is vital to a democracy; vast wealth inequality creates vast political inequality and exploitation; By reducing the role of corrupting private influences in politics (e.g., big banks, insurance, pharmaceuticals, defense, private prisons), America could possibly lower its taxes while also improving […] . . . → Read More: Death By Trolley: I Support Occupy Wall Street Because…..
Some people are now calling for Obama and the Democratic Party to get behind (or is that take over or co-opt) the Occupy Wall Street movement; this at best a strategically unwise misdirection of energies, I would argue, and at worst, a dangerously naiv… . . . → Read More: Writings of J. Todd Ring: Why Occupy Wall Street does NOT need the Democratic party
Boys ‘n’ girls, let’s give this college senior a big hand here! No, really! They’re making it on their own without any help from anyone on very little! Or so it would appear…
Oh, college senior, but you are very much part of the 99% ! Say it loud! Say it proud, . . . → Read More: Nice Little ‘Manifesto’ You Got There, But, I’m Going To Burst Your Little Bubble–You ARE Part of the 99% . . . → Read More: Nice Little ‘Manifesto’ You Got There, But, I’m Going To Burst Your Little Bubble–You ARE Part of the 99%
by matttbastard I have no clue who I’m going to endorse for the NDP leadership — but I sure as shit know which potential candidate will never, ever receive a vote from yours truly: sellout 3rd way posterchild Gary Doer, who has … Continue reading → . . . → Read More: bastard.logic: Gary Don’t. Please, Just Don’t.
I don’t usually repost other people’s writings, but this article is too hard-hitting and important to pass up. If we want to understand better what is wrong with the economy and politics, this sheds more than a little light, and confirms th… . . . → Read More: Writings of J. Todd Ring: Why isn’t Wall St. in jail? And come to think of it, why isn’t Obama?