Fundraiser Special! Come Get This Year’s Naked Capitalism Songbook!
242 pages of community inspiration
Read more...Readers, I have had a correspondent characterize my views as realistic cynical. Let me briefly explain them. I believe in universal programs that provide concrete material benefits, especially to the working class. Medicare for All is the prime example, but tuition-free college and a Post Office Bank also fall under this heading. So do a Jobs Guarantee and a Debt Jubilee. Clearly, neither liberal Democrats nor conservative Republicans can deliver on such programs, because the two are different flavors of neoliberalism (“Because markets”). I don’t much care about the “ism” that delivers the benefits, although whichever one does have to put common humanity first, as opposed to markets. Could be a second FDR saving capitalism, democratic socialism leashing and collaring it, or communism razing it. I don’t much care, as long as the benefits are delivered. To me, the key issue — and this is why Medicare for All is always first with me — is the tens of thousands of excess “deaths from despair,” as described by the Case-Deaton study, and other recent studies. That enormous body count makes Medicare for All, at the very least, a moral and strategic imperative. And that level of suffering and organic damage makes the concerns of identity politics — even the worthy fight to help the refugees Bush, Obama, and Clinton’s wars created — bright shiny objects by comparison. Hence my frustration with the news flow — currently in my view the swirling intersection of two, separate Shock Doctrine campaigns, one by the Administration, and the other by out-of-power liberals and their allies in the State and in the press — a news flow that constantly forces me to focus on matters that I regard as of secondary importance to the excess deaths. What kind of political economy is it that halts or even reverses the increases in life expectancy that civilized societies have achieved? I am also very hopeful that the continuing destruction of both party establishments will open the space for voices supporting programs similar to those I have listed; let’s call such voices “the left.” Volatility creates opportunity, especially if the Democrat establishment, which puts markets first and opposes all such programs, isn’t allowed to get back into the saddle. Eyes on the prize! I love the tactical level, and secretly love even the horse race, since I’ve been blogging about it daily for fourteen years, but everything I write has this perspective at the back of it.
242 pages of community inspiration
Read more...~ Today’s Water Cooler: Politics, syndemics; new polling averages (it’s a tie) and new Covid tables (some encouragement); Taibbi roasts mainstream debate coverage; Boeing strikes, could lead to ratings downgrade ~
Read more...A takedown of AI so-called “prompt engineering.”
Read more...~ Today’s Water Cooler: Politics, syndemics; Trump the heel, full of grievances; Counting electoral votes now a National Special Security Event; Boeing strike — today? ~
Read more...When an Alzheimer’s paper came under scrutiny, correcting the scientific record meant battling much bigger problems.
Read more...~ Today’s Water Cooler: Politics, syndemics; Kamala’s earrings; About those cats… ; Do Covid tests work for the latest variants? Not immediately; Boeing should be kicked out of the Dow ~
Read more...Volatility is the central feature of this election, despite all efforts to keep things stable. It follows that the debate will be volatile.
Read more...~ Today’s Water Cooler: Politics, syndemics; Kamala: Change vs. more of the same; Melania intervenes; Trump’s ear, examined; Winds carry potential pathogens over great distances. ~
Read more...~ Today’s Water Cooler: Politics, syndemics ; Siena poll turns out not necessarily to Kamala’s advantage; Kennedy ad deserves to go viral; Kamala visits Penzeys spice in Pittsburgh; Boeing signals more work in Renton with industrial lease, contract proposal ~
Read more...Religion is a ubiquitous social phenomena that can spur or impair economic growth by affecting four elements of the macroeconomic production function – physical capital, human capital, population/labour, and total factor productivity.
Read more...Why would anyone be “honored” by Dick Cheney’s endorsement?
Read more...Markets that reference prices in other markets are common in the world of finance—all stock options and index futures have this property. But when it comes to electoral prediction markets, I see no rationale for such derivative contracts.
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