Skip to content

ECONOMIC DEMOCRACY: The right to advisors committed to fair distribution of wealth income and power.

equaljustice-2

WAKE UP AMERICA AND DEMAND THE RIGHT ADVISORS AND LEADERS.

We would not expect someone to have the talent to pitch for the New York Yankees simply because he is wealthy, so why would we give to the wealthy, solely because they have been successful in making money, the right to tell us how we live, how our money invested in government is to be spent and a host of other things of common interest. After all their expertise is limited to making money, usually in a very narrow field of endeavor. Why would we not expect their advice to be biased to favor them making more money? Yet for the past 80 years, that is what we have done. That is one of the things that must change if we want to travel the road to Economic Democracy.

Our current President, an often failed business man and entertainer, not only is an example of exactly the type of person who should not be leading this nation, but he has insisted on appointing the unqualified and irresponsible to manage important governmental entities.

One would think, as their professional economist toadies promised us, that by putting our money into the pockets of modern masters of the universe, productivity, wealth, and happiness would burst forth forever. What happened? In the early 2000s it took only a few years of mismanagement to distort the entire world’s economy? How could people we thought were so smart be so wrong? Why didn’t these brilliant minds see it coming? Of course, there is not a lot one can see coming while he is kissing Mammon’s a**. Yet we still ask these same people who were paid to advocate on behalf of their paymaster’s interest, what it is we should do to solve the economic problems that they caused.

It is absurd, in the case of Wall Street, whose denizens sole expertise is in how to game a system given to them by others, to advise us on how to keep that system from harming all of us. It would be like asking the Taliban how to wage the war in Afghanistan or hiring Osama Bin Laden as Secretary of Defense. Nevertheless, out last twelve presidential administrations have done just that when it comes to Wall Street.

We would not use a general who had just suffered a disastrous defeat due to his own ineptitude to lead us into the next battle, why do we do so here?

The Roman Republic after suffering a catastrophic defeat at the hands of Hannibal that left the Italian peninsula open to the victorious general’s depredations for twenty or so years ordered their own generals to never again take the field with their army unless they were absolutely assured of victory. The result was almost 700 years of marital success.

The entire classical economic system is wrong and is a fraud. It is based on taking some arcane transactions that occurred in a few coffee houses in London in the sixteenth century and extrapolating it as a metaphor for all transactions of any kind everywhere.

What is even more amazing to me is that it did not even have adequate predictive value for those rudimentary sixteenth century London coffee house transactions and still does not do so today.

It never ceases to surprise me that we optimistic Americans, who so pride ourselves on our ability to solve any problems that we as individuals may meet, are so willing to accept this deterministic drivel.

Yet for the past 80 years, we have followed the nostrums of this academic arrogant class of agents of the rich and powerful as though we were still living in caves and falling down in terror before the ravings of the local shaman.

Keynes, Galbreath and others like them are right, so called economic problems require practical solutions that fit the situation at hand and not some vague academically popular theory that never worked anyway. Economics follows the goal we set for it. Economics does not set the goal.

The right to an equitable sharing of contributions to the common good.

Wake up America
equaljustice-2

Economic Democracy — basic rights fundamental to a society committed to a fair distribution of wealth, income, and power:

THE RIGHT TO AN EQUITABLE SHARING OF THE BURDENS OF SOCIETY

Because there are so many sensible fixes for the tax system discussed in the progressive blog-o-sphere and elsewhere that are readily available to anyone, it would be unnecessary for me to discuss them here. It is sufficient to mention that whatever the tax if it is not truly progressive and if it encourages capital accumulation at the expense of labor or consumption of practical necessities, it is not consistent with Economic Democracy. Dealing with the deficit hysteria is of greater immediate concern.

The deficit hysteria a fraud. The Republicans knew it when they ran up the deficit to pay for their tax cuts to the wealthy. Contrary to the conventional wisdom that the masters of the Republican Party would have you believe, the wealthy are not, I repeat they are not, the productive element of society but are the primary beneficiaries of that productivity. In fact the U.S. Bureau of Economic Analysis, statistics show the percentage of value added to our society from manufacturing since 1950 has steadily dropped until now it is less than the both the financial sector and the professional services (lawyers and accountants) sectors.

Even though anguish at the size of the deficit is a phony tactic used to scare the public into transferring more of their wealth into the hands of the fortunate few, the principles implied by Economic Democracy require the deficit, if it is going to be reduced, be reduced first from funds transferred from those that can most afford it and who have benefited the most from society’s largess. After all, what kind of a society have we become when we will give untold amount of wealth to our wealthiest and often least socially productive citizens and stand strangely quiet when our public deficit balloons, and then turn and blame the teachers of our children for increasing the deficit by their asking for a few dollars raise in pay and then demanding that they give back raises they had already received to help reduce the defect that under no rational analysis could they conceivably had a hand in causing? Where has been the cry for them who received the public benefits that caused whatever deficit crisis we now face to give back the money? A fair and just society would not just cancel the gift of public funds at some time in the future, but demand that what they received be paid back with interest.

Obviously, a necessary and essential step is to allow tax cuts for the wealthy to lapse and they get back to paying a fairer share of the costs of the society that so greatly benefited them. The Republican Party also managed a twofer with the tax cuts during the Bush administration, not only did the already wealthy benefit, but Wall Street also made billions in commissions for transacting the loans the government required to pay for the tax cut.

The two wars that we are waging must be ended sooner rather than later. There is no reason in the world why the most powerful country in the world would or should allow itself get bogged down in a war of attrition. Either the enemy is a real threat to our existence and freedom, like the Soviet Union may have been, in which case we may need to use whatever means we have available to deal with it or we should not place American lives and treasure at risk. The wars themselves take our tax dollars and spend them all too often on war profiteers and in foreign countries on goods and services that do not benefit the American worker or small business.

Although the defense budget may be grossly inflated and need of pruning an even more fundamental question needs to be addressed. Why is it we allow the defense industries to make a profit on our common defense needs and then permit them use these profits to lobby our government to purchase more equipment? Why do we ask our sons and daughters to put themselves in harms way to fight and die for the rest of us while the owners of the companies supplying their equipment reap huge profits? War profiteering is wrong. The profits should be going instead of into the pockets of the profiteers, into the hands of the men and women doing the fighting and dying and their families. The argument is, of course, that if we don’t pay them their unconscionable profits, they will not supply us the goods we need and our defense will suffer. And that threat apparently, according to the Republican Party, represents the highest form of patriotism

If the defense of our country requires giving bribes to those unwilling to bear the risks that the defense of democracy entails, we will not long be the strongest country in the world nor long be free. During WWII under some of the greatest threats and economic stresses this country had ever faced, stringent war profiteering controls were imposed. We need independent auditors and investigators to prevent the continuing waste of the countries defense budget by the defense industry, probably more so than a review of the defense budget itself.

SUBSIDIES TO THOSE WHO SHOULD COMPETE.

WAKE UP AMERCA

equaljustice-2

 

Economic Democracy includes the right to be protected from contributing community funds to those who are able to compete in the market.

 

We all know that tax shelters, large corporate subsidies and tax loopholes are inimical to Economic Democracy because they represent transfers of wealth from the rest of us, you and me, into the hands of those with the most ability to compete in a free enterprise market society. They need to be phased out and eliminated.

For example, take the “Oil Depletion Allowance”. Does anyone in the world believe that any oil company would not drill for oil without it? And if they did need it, why is it that once they do find oil they do not pay us back (it is our money after all) with interest? They certainly would make us pay it back if we borrowed money from them (and make us put up security as well). And why after they used our money to find and drill for the oil, do they sell the oil back to us at the highest price offered? (Remember whoever offers the highest price gets the oil. They are not competing for our dollars we are competing for their oil).

The same should occur with agricultural subsidies to large agricultural entities. Why is it that these large entities like the oil companies and agribusiness cannot compete without subsidies from you and me and why don’t they pay us back?

These redistributions of wealth need to be eliminated before we cut governmental expenditures of any kind. If there is to be a pain to be suffered to get the budget under control, the pain should start there. And, if it is argued that these entities are too big and too powerful, then that is precisely what Economic Democracy is intended to combat.

THE BEST GOVERNMENT THAT MONEY CAN BUY:

WAKE UP AMERICA 

 

equaljustice-2

 

Economic Democracy includes the right to be as free from the purchase of our democratic rights as we are from their denial by force.

Money is not speech nor is it a metaphor for speech. Money can buy speech and it can prohibit speech. If the right of free speech is so fundamental that government cannot abridge it, then it is so fundamental that government must assure that no one abridges the free speech of another by financial, political or physical power. A government that does not protect the general public from the abridgment of their fundamental rights by anyone or any entity foreign or domestic is a government that conspires to deprive those citizens of those fundamental rights and risks losing its legitimacy.

As with most fundamental freedoms, preventing those who wish to abridge the fundamental rights of others is a more important role of government than encouraging the exercise of those rights. Exercising our rights are our individual jobs, protecting us from those who would abridge our rights is the duty we collectively give to government. If a government is not the guarantor of Freedom then it is a tyranny.

The Supreme Court’s Citizen’s United v FEC decision. This is potentially the most serious blow to both political and economic democracy in the history of the United States. It is as dolorous a blow to political and economic democracy as the Dred Scott decision was to the cause of abolition. Like the Dred Scott decision that recognized the fact of slavery over morality and the fundamental right of all to freedom, the Supreme Court in Citizens United recognized the fact of the gains over the past forty years of corporate political power and wealth, over the fundamental political rights of the individual under the Constitution and the democratic economic rights of the people as a whole.

I believe that in the long run, no issue will adversely affect the continuing freedoms that American’s now enjoy than this decision. It codifies and enhances dominance of juridical institutions over the individual

We should consider a prohibition on any person or institution receiving a governmental contract over a certain amount from lobbying or providing campaign funds for any purpose for a period before, during and after the contract without full disclosure and transparent approval by a public entity that conflict of interest rules have not been nor will not be violated. In fact, a rule like this should apply to any governmental subsidy over a certain amount received by anyone.

 

Stress, Engineering, and Education.

1525410c3f1938edbd7c8de7c5dc43e0

The interesting thing to note about this chart is that almost all the non-stressful careers are in engineering and are relatively highly paid, while most of the highly stressful jobs are dangerous or low paying or both. So, one would think, if you are young and looking for a career you should head off to engineering school.

Alas, here in America over the last score or so of years, we have been closing our engineering schools or being forced to fill them with students from other countries. Yes, the continued health of our modern technological society depends on the despised immigrants. Apparently modern white American males shun the hard work required to earn an engineering degree. And yes again, engineering in America has been often seen as a male only profession. Perhaps, it is the time that American woman should be encouraged to flood the remaining engineering schools and begin taking over this sector of our economy. Obviously, the men find it too difficult. Maybe, that well-represented tee-shirt slogan should be amended to read: “A woman’s place is in the House, Senate and in engineering school.”

Loyal Citizens and Executive Power.

equaljustice-2

 

I cannot help being amused by the misunderstanding most people have about power—that presidents or anyone else with executive power merely sat in their offices and decided what should be done next, then their eager minions hurried out and turned these whims into fact. In truth, managing or ruling anything, let alone a large country, is a process of learning about and reacting to hundreds upon hundreds of small problems, problems, some of which would quickly become larger problems if left unsolved, and then persisting with them until they had been solved or at least reduced from crisis to mere irritation. And standing between a president and these solutions is not a horde of loyal citizens waiting only to be told what to do, but thousands of individuals, each with his own plans and wants, most of them quite willing to break the rules if they could get away with it, and yet each of them also furious at any idea their own rights might be somehow abrogated. And of these citizens, the wealthy are the worst, prickly and full of righteous demands. And alas, it is these wealthy, whose wealth allows their voices to clammer the loudest, who, more often than not, get heard first — generally to the dismay of everyone else and to the disadvantage of the nation.

(Thanks to Tad Williams (The Witchwood Crown) from whom much of the above is adapted)

God, one of the guys:

images

“As for your male and female slaves whom you may have: you may buy male and female slaves from the nations that are round about you. You may also buy from among the strangers who sojourn with you and their families that are with you, who have been born in your land; and they may be your property.”
Leviticus 25:44

Leviticus also seems to say that if guys get it on with guys, they should be put to death. Why would God consider it ok for gay guys to have slaves but not sleep with another guy? I wonder if God thought it was acceptable for guys to sleep with the slaves of either sex, but not with a non-slave of the same sex. I am pretty sure some of the slave-owning patriarchs did, didn’t everyone? Perhaps it was not necessary for slaves to “increase and multiply.”

By the way, did you notice that the sly old God did not prohibit women sleeping with women? Perhaps like most guys He liked to watch.

 

%d bloggers like this: