Monday, June 02, 2003
Investors | ![]() |
Yeah, but over half of the households in the United States are now part of the “Investor Class.” This is not exactly all the wealth piled up at the top of the pyramid. And before anyone points out the richest 5% blah blah blah, the fact that there is inequity in incomes and wealth is not the issue. Do we want everyone to make 37,000 a year, or whatever the median income is? It is more important that everyone have the equal opportunity to pursue happiness (or wealth) in their own way, to whatever limits their talents allow. Equality of outcome is incompatible with liberty. If we allow everyone liberty, some will do better than others.
Imperialism, again | ![]() |
The peoples of the Indian Subcontinent were no doubt happy to see the back of the British Imperial administration. But it was the British trained Indian Civil Service that made that country function beyond the typical third world dog’s breakfast that is the normal state of affairs. The British were certainly the most benign of the Imperial powers, and while the subject peoples chafed under imperial rule, the British introduced rule of law, railroads, medicine, education – rather like the scene in Monty Python’s Life of Brian:
REG: All right, but apart from the sanitation, the medicine, education, wine, public order, irrigation, roads, a fresh water system, and public health, what have the Romans ever done for us?
XERXES: Brought peace.
REG: Oh. Peace? Shut up!
Thatcher | ![]() |
The United States, only two years later, experienced a periodic downturn in the economy, which caused a national leader to get the boot. Deficits in the United States also happened, but were soon corrected when the economy had expanded sufficiently. Nevertheless, the economic boom of the nineties in both the US and the UK is the result of the structural reforms instituted by Reagan and Thatcher in the early eighties.
Thatcher | ![]() |
The United States, only two years later, experienced a periodic downturn in the economy, which caused a national leader to get the boot. Deficits in the United States also happened, but were soon corrected when the economy had expanded sufficiently. Nevertheless, the economic boom of the nineties in both the US and the UK is the result of the structural reforms instituted by Reagan and Thatcher in the early eighties.
Re: Class War | ![]() |
Mike, your description of the “open stratification system” seems to make a distinction without a difference. The extreme fluidity of movement between “classes” seems to render this concept somewhat irrelevant. There are no lasting voting patterns based on class - other breakdowns tend to explain voting better. For example, black voters vote overwhelmingly democratic, no matter what their income.
Amurricanism, And A Challenge to Buckethead From A Reader | ![]() |
I see in our comments that Ross Judson has levelled a challenge to Buckethead, pursuant to our discussion last week on whether the Left hates America:
Hate America, Hate American. If you get to pick the set of concepts that define America, you can manufacture a hater out of anyone! Why not do a little subdivision...just so we can be clear on exactly what kind of America you think is most American.
How about it, Buckethead? It’s an incredibly interesting question, on several levels.
What is “American,” and what is “un-American?” Just how big is this tent? It’s obviously a complicated question. Just this weekend came the news that Eric Rudolph was found hiding out in the very woods he grew up in. From his point of view, Rudolph has been arrested for fighting the good fight against encroaching un-Americanism, and some members of the community have acted in his defense. (Although, many may have helped him hide out because of family or community ties, while still thinking he was a nut). But was Eric Rudolph actually acting in an “American” fashion? I’d say absolutely not, yet many other people see him as a patriot and defender of true Americanism, holding the line against moral decline and globalism. (After all, he did bomb abortion clinics, gay bars, and the Olympics, which makes his agenda pretty fuck clear.) Who is right, and is there room for both camps under the rubric of Americanism?
[moreover] Answer: Terrorism is terrorism. The American Revolution was settled in 1865. Or 1876, either way, it’s done. Period.
FCC Eases Ownership Restrictions | ![]() |
Well, they done gone and did it. The FCC voted today 3-2 to ease ownership restrictions on media outlets. There’s a great deal of debate over whether this is a good or bad move, and some good points have been made on both sides.
However, the right answer is that it’s a bad move. Period. I’m right. In a perfect world, where the ineffable guiding hand of the market nurtures the good, kills the week, and makes things beautiful, the new vote would be endorsing good policy.
Unfortunately, the media world in general is more like the way Hunter Thompson describes it: “The TV business is uglier than most things. It is normally perceived as some kind of cruel and shallow money trench through the heart of the journalism industry, a long plastic hallway where thieves and pimps run free and good men die like dogs, for no good reason.” Whereas media companies control information in the grubbiest and least-glorious sense, I’m fine with keeping a leash on their behavior. I know some of these people personally, and their commitment to “integrity” (*chuckle*) is entirely nonexistent. This decision by the FCC: will prevent new entries into the media-ownership market at any level; will, along with other FCC decisions, further freeze local, independent providers out of the bandwith and license auctions; will lead to an integration boom much like the music industry has seen, where four companies control the mainstream and most of the fringe with a concomitant rise in quantity and decline in overall quality; and will be my personal punching bag until I’m too old to care anymore.
I will blog more on this at a later date, but I cannot today. I sprained my wrist in a freak baking accident on Saturday (shut up.... it’s not what you think. I’m a klutz. It’s not what you think, the bread was delicious), and typing is rather painful. It’s actually a benefit for you, dear reader that I am so disabled, as I’m sure reading my drivel is also rather painful.
[moreover] Time will prove me right or wrong on this count. Except that I’m right.
Reagan again | ![]() |
Nat from I Must Not Think Bad Thoughts, is back from his self-imposed exile (some would call it “vacation") in the American Southwest. He has left in our comments this thought in response to our discussion on Reagan/Thatcher’s role in toppling the Eastern Bloc and ending the Soviet Union.
Hey, John--this is related to a subject from further down on the page related to Reagan et al and the Cold War.
The weaknesses of the Soviet bloc economies did not develop until the mid 1970s. The period of detente allowed the communists countries to attempt to solidify some bases of popular support by introducing some elements of consumer production. Furthermore, they attempted to engage in more legitimate finance in order to gain loans from international banks. Correspondingly, these countries lowered their investment in arms production. However, they were always limited in their economic performance. Reagan et al took advantage of these NEW CIRCUMSTANCES in order to bankrupt the communist economies.
My point: the necessary conditions for “winning the Cold War” did not exist before Detente. No American leader could have done what Reagan had done because the consumerization of communist economies had not yet occurred. Even conservative stallwarts like Kissinger were prepared to compromise with the Soviet Union in order to assure US survival.
(see Kaser, Economic History of Eastern Europe, 3 vols, 1986.)
Well, then. Good point. Still, I can’t really envision Jimmy Carter, Jerry Brown, or Walt Mondale going down the same road with any aplomb. Reagan did come from show business and timing, as they say, is everything.
The Left & Anti-Americanism | ![]() |
http://windsofchange.net/archives/003553.html Via Winds of Change comes this post on Fearful Symmetry (permanent link broken: visit main page and scroll down to 5/31). It’s an attempt to categorize the various types of Leftism in America, breaking the Left down into four movements: Intellectuals, Social Democrats/Liberals, Bureaucrats, and Democrats. He focuses exclusively on foreign policy, but I think the larger analysis holds, at least in a cafeteria discussion.
There are some points to disagree with (strongly, depending on who you are), but an interesting article nonetheless, and quite germane to our recent discussion about whether the Left is Anti-American. His closing line: “Perhaps the left and right can come to some accommodation in this regard. If leftists won’t claim that the editors of Southern Partisan speak on my behalf, then I won’t claim that Noam Chomsky speaks for them. Is it a deal?”
It’s a deal.
Teacher’s Unions | ![]() |
Buckethead wrote that, “In our country, the federal workers’ and teacher’s unions are far more powerful than they should be.”
A teacher’s union is currently attempting to secure better wages for me and other adjunct professors. A powerful teacher’s union can help me and others.
Workers and the Means of Production | ![]() |
Buckethead wrote that, “Considering the vast expansion of the investor class, ironically one of Marx’ dearest hope - that the proletariat would own the means of production, has kind of happened.”
Even though this was an off-hand remark, I’m still going to comment. As I’ve argued before, the world has changed a great deal since the mid-late nineteenth century. At this point, in the United States, there are very few urban industrial workers involved in manufacturing thanks to globalization, environmental restrictions, the shortsightedness of unions in the 1950s and 1960s, and other factors. Workers, and members of the working class, are now overwhelmingly people involved in the service sector. They are waiters, busboys, pizza deliverers, janitors, auto mechanics, grocery store personnel, etc. They, and educated, therefore technically middle class people, who nonetheless have a low income such as archivists, adjunct professors, and the like, do not have excess capital for investment.






