Showing posts sorted by relevance for query blowback. Sort by date Show all posts
Showing posts sorted by relevance for query blowback. Sort by date Show all posts

Saturday, August 26, 2017

Neoliberalism Blowback

Neoliberalism Blowback

Oppressed people cannot remain oppressed forever.

And Thomas Jefferson: "We hold these truths to be self evident, that all men are created equal . . ." So the question is not whether we will be extremists, but what kind of extremists we will be. Will we be extremists for hate or for love? Will we be extremists for the preservation of injustice or for the extension of justice?

Shallow understanding from people of good will is more frustrating than absolute misunderstanding from people of ill will.  Lukewarm acceptance is much more bewildering than outright rejection.



By J.M. Hamilton (8-26-2017)

If Mr. Trump has accomplished nothing else in the first eight months of his presidency, he has removed the "crypto" modifier often utilized when describing the Republican Party as "fascist."

There is nothing crypto about Mr. Trump, or the fascists that support him.  It's all very much out in the open now, and has been since the nation’s founding.

Which is a good thing, because the Party of Lincoln, which has metastasized into the Party of Trump, has laid all its cards on the table.  The Republican Party, since passage of the 1964 Civil Rights Act, has pandered to bigotry throughout the land, under Mr. Nixon's 1968 Southern strategy... a strategy that has been utilized by every GOP presidential candidate ever since (and more than a few GOP congresspersons).  

The Cheeto Messiah, as w/ all things Trumpian, has taken Mr. Nixon's strategy to a whole new level, that is to say, a whole new low.  Trump is a divider and appeals to the baser demons of our nature.  Leave it to Mr. Trump - a dullard and incompetent on most prerequisites for the presidency - to obtain a self-earned PhD in dictatorships, division, and sophistry.

The racism and racists within the Republican Party can no longer be denied or overlooked.  Mr. Trump - w/ a preternatural ability to lie w/out conscience - has captured the Party, and now, woe unto these United States and the rights of humanity

It is the duty & responsibility of every American to call out the fascists and the haters, frequently and often.  Four hundred thousand American soldiers, who died during WWII fighting fascism, would expect nothing less.  JMH has attempted to avoid this topic for a long time, but apparently, one cannot write about economics & politics in America, w/out writing about the bigotry, homophobia, and misogyny that is endemic from sea to troubled sea.



Some might think JMH has finally jumped the shark.  But given the events of the last two weeks, one would either have to be completely nescient, or in denial, about Mr. Trump, and his base of support, not to understand the obvious.

JMH has written before about willful ignorance, self-deception, and painfully, about Mr. Richard M. Nixon and his racist strategy (otherwise known down through the ages, as divide & conquer).  It's no longer enough for former Republican presidents, like the Bush family, to come out and denounce POTUS Trump's remarks, and assert the moral equivalency - Trump utilized to describe the two sides in the Charlottesville' disaster - does not represent the Party's views.  Nor is it enough for GOP Senators to distance themselves from POTUS Trump.

Particularly, since as noted by myself and others (read here and here), it is not merely Mr. Trump, who is the manifestation of racism within the Party, but the policies of the GOP, themselves, that are fascist.  Racism is so interwoven into the U.S. social fabric that many Americans of “good will” no longer see it, or are blind to it.

Now there are those who are demonstrably racist w/in the GOP, and there are those who willfully - or unwittingly - turn a blind eye to the bigotry and white supremacy built into the Party's policies.  There are also businessmen - CEOs and high net worth individuals - who are so embarrassed by POTUS Trump's actions (or perhaps, more to the point, are worried about the impact that their association w/ Trump might have upon their bottom line), that they are willing to publicly denounce and disassociate themselves from the president.

That is to say, not everybody who is a Republican, or who associates with the Republican Party, is a racist.  However, what can be said is that the Party, and its policies, are now so overtly racist that blissed out ignorance, or the need to further one's business interests, no longer provides an excuse to partner with or support the party of fascism.

Shockingly and sadly, there are two notable groups of citizens that have been more than willing to support the GOP: CEOs and Fundamentalist Christians.  Both groups should know better, and yet both groups have been unequivocal in their support for Mr. Trump and GOP policies.  Today, we address corporate & multinational America's affiliation w/ the POTUS, and next go around, JMH will dive further into the rightwing Fundamentalist Christian agenda.




So let's cut to it.  Specifically, what policies - advocated and promoted by the GOP  - are racist?

For starters, there's law & order politics, which is the manifestation of Jim Crow in the 20th & 21st centuries. America locks up a disproportionate number of minorities for simple drug possession.  Commit multi-million, or billion, dollar fraud on Wall Street and you almost always walk.  But a person of color gets caught with a joint in their pocket and there is a serious probability of jail time.  And even though there have been enlightened moves away from mass incarceration policies, by both political parties, the War on Drugs - and the War on minorities - continues to this very day (thanks in large part to Trump's attorney general – Mr. Jefferson Beauregard Sessions III). 

Voter suppression, and POTUS Trump's Voter Fraud commission, has one aim and that is to disenfranchise minority voters.  Couple this with gerrymandering and you have a highly overt attempt to keep minority voters - who typically vote Democratic - from either casting the ballot, or marginalizing their votes and democratic outcomes.

The policies of austerity, and safety net reduction, are directly aimed at the indigent and minorities.  The GOP has proven time and time again, that they have zero reservations about expanding the deficit, or national debt, to pay for tax cuts for the wealthy and war w/out end.  Conversely, the GOP will do everything in their power to cut funding & spending programs that aid children, women, and those in need (and in many instances, these programs benefit - not only minorities - but white voters as well).

The aforementioned Southern Strategy, or dog whistle politics, is a strategy designed to play disaffected white voters off of minority voters, when in reality both groups of voters should be aligned in common cause against the Oligarchy.  Every day that racial prejudice, animus, and socio-economic discrimination plays out is another red letter day for the plutocracy that rules over us all.  Social division rewards, almost exclusively, the Oligarchy and the billionaire class.  

Why do you think Trump exploits division and the politics of resentment like a Pro?

The GOP, in particular, has supported the Ayn Rand economy on steroids, deregulation, and free trade uber alles.  These policies allow Wall Street to prey upon the poor and the disenfranchised with predatory loans, and allow multinationals to flee offshore, in order to avoid taxation, exploit foreign labor, and commit regulatory arbitrage.  This has led to a race to the bottom across the globe, w/ nation states played off upon one another, in terms of jobs, tax base, and the gutting of services provided to those in need.  And the West’s politicians either don’t care, or haven’t the courage to call it out.

The Ayn Rand, or neoliberal economy, has directly led to industry consolidation, and the formation of predatory cartels and monopolies. Many economic sectors and industries are consolidated, so as to be dominated by one or a very small number of players.  This degree of industry consolidation is highly disadvantageous and often equates to a form of economic discrimination, particularly weighing against those with limited education and means (call it monopolistic taxation w/out representation).  Most frightening is the degree of consolidation w/in the MSM, internet commerce, internet service & content providers, and telecommunications companies.

The consolidation of the MSM is George Orwell’s nightmare and a dictator’s dream.

Civil asset forfeiture, the war on drugs, war w/out end (under the premise of fighting terror, while being allied to the number one sponsor of terror, Saudi Arabia), the criminal justice industrial complex, the cash bail system, and regressive tax codes, etc., etc., etc...   these are all additional GOP chains that bind & weigh disproportionately upon children, the poor, minorities, and women. 

The GOP’s attacks upon women’s reproductive rights, and medical services, is another patriarchal position designed to keep women in their place.



“In American history, we’ve never had business leaders decline national service when requested by the president,” said Jeffrey Sonnenfeld, a professor of organizational behavior at the Yale School of Management. “They’ve now turned their backs on him.”    - NY Times   (Photo:  Mr. Stephen A. Schwarzman, chief executive of the Blackstone Group, meeting with President Trump in April)




The great irony in all this is not only are the GOP's policies racist, retrograde, and designed enrich an elite few at the expense of many (many of the policies above have a business angle, or are adopted to mitigate taxation upon the connected & the wealthy), but the policies above also harm Trump's base of support.  For not only do these policies discriminate against persons of color, but no few of these policies in number have a socio-economic bent that adversely impacts poor whites as well.  It's also important to note that the Democratic Party has its own history w/ racism, and in more recent times (particularly under POTUS Clinton) had outright co-opted many of the GOP’s policies.  That said, the progressive - Sanders/Warren - wing of the Democratic Party is working to move the Party away from discriminatory and neoliberal policies.

Many CEOs correctly denounced Mr. Trump's comments over Charlottesville, and walked off his advisory boards and committees.  In doing so, the majority of these executives also knew full well that they would continue to work with the Trump administration, behind closed doors, and continue to support the party of fascism through campaign contributions, donations, PACs, 401(c)s, lobbying, etc.

And it is this kind of behavior that should not continue. The GOP, as the party of fascism, must either be abolished or reformed.  Just as Nazis are no longer tolerated in Germany, America must wake up to the fact that we cannot tolerate the Republican Party, in its present incarnation.  CEOs and high net worth individuals need to demonstrate - not only sound business acumen - but a profound understanding of the political environment we all live in. 

Most importantly, the Oligarchy needs to demonstrate that they are keenly aware that one American political party in particular – and its policies - are ripping this nation apart at the seams.  After all, what will it do to their quarterly earnings if this nation is at civil war, or if their products & services are boycotted, because of continued multinational support for oppression & tyranny?

Call it neoliberal blowback… call it what you like, but the sick patient – that is our nation – is growing worse, not better.  Right-wing conspiracy theorists once believed Obama would create a crisis before leaving office, so that he would not have to leave the presidency.  JMH always believed that such speculation was idle and incorrect, but with POTUS Trump on the other hand, apparently, anything is possible.



 Copyright JM Hamilton Publishing 2017

Sunday, October 7, 2018

ALL DINOs MUST GO... THE WAY OF THE DINOSAUR!


ALL DINOs MUST GO...  THE WAY OF THE DINOSAUR!



When the former Enron CEO Jeffrey Skilling was released from prison a few weeks ago, the news conjured memories of a corporate scandal that now seems almost quaint – and it was also a reminder that Enron executives were among the last politically connected criminals to face any serious consequences for institutionalized fraud.

Since Skilling’s conviction 12 years ago, our society has been fundamentally altered by a powerful political movement whose goal is not merely another court seat, tax cut or election victory. This movement’s objective is far more revolutionary: the creation of an accountability-free zone for an ennobled aristocracy, even as the rest of the population is treated to law-and-order rhetoric and painfully punitive policy.




By JM Hamilton (10-7-2018)

As I write this, Judge Kavanaugh’ coronation  has just been approved by the US Senate for his appointed SCOTUS seat; Mr. Kavanaugh will now be able - along w/ other right-wing jurists - to legislate the GOP's & plutocracy's patriarchal & reactionary agenda for decades to come.  So if the House falls to Dems in 2018, and the Executive branch goes to any number of competent female Dem senators in 2020, the Court will be there to slow down a progressive agenda, and hold back the left's populist tide.

JMH has documented for several years, now, the ongoing collapse of our democracy, and the hostile takeover of the government by the monied elite.  JMH has always acknowledged the benefits of a capitalist economy - ameliorated by a strong social safety net - to protect the economically & politically disenfranchised.  However, the US no longer operates a capitalist economy, but rather, the economy is driven by predatory cartels and monopolies. With the plutocracy's capture of government now complete, the robber barons are free to engage in crony-capitalism (i.e. monopolistic taxation & rent seeking behavior as the sine qua non of all economic endeavor)  - coupled w/ austerity for everyone else - w/out worry or concern.  

The ultimate sugar daddies - an unelected & unaccountable FED & SCOTUS - will protect the American aristocracy from the barbarian hordes (from the perspective of the patriarchy: disgruntled gays, minorities, & women).

Characteristics of the crony government are trillion dollar deficits, for as long as the world is willing to tolerate the dollar as the global fiat currency.  As well as, credit card wars w/out end; a foreign policy dictated by Big Oil and the MIC; and the continued plundering of the economy & government - exemplified by financial engineering & tax cuts for the wealthy: all funded by the Fed's printing presses.

Trickle down is not only America’s default fiscal & monetary policy, but it is paramount judicial policy as well... via a slick veneer of originalist judicial dogma to add some legitimacy.  

And Americans of all stripes - but particularly minorities, the poor, and women & children - will suffer the most from Kavanaugh’ rise. 

In such an environment political blowback against the kleptocracy is inevitable, and certainly, last week, there were some things for liberals to celebrate.

Senator Sanders took a victory lap after Amazon agreed to raise its entry level minimum wage, for its long abused warehouse workers, to fifteen dollars a hour.  The Senator went on the offensive against Amazon, by simply stating the obvious: Amazon's profits were subsidized by the Federal government/US taxpayer, as many employees relied upon government assistance just to survive.  The Senator has taken on Disney, and more multinationals will undoubtedly follow.  So many US multinationals dodge taxation, while exploiting the United States dwindling credit line & social services to enhance their bottom line: a double kick to Uncle Sam’s nether regions, and Americans.  What was surprising, however, was not the inevitable pushback Mr. Sanders received from the extremist within the Republican party, and the US Chamber, but even members of the Democratic establishment attacked Senator Sanders (engaging in sophistry and specious declamation - typical neoliberal tactics - when reason and logic fail).  Go get 'em Senator!  

Despite Mr. Kavanaugh's crowning, and ascension to the thrown, ushered in by Senate Majority Leader McConnell (complete w/ the facade of a faux - FBI - investigation), the hearings showed that the #MeToo movement is alive and well, and women aren't going tolerate abuse. Women and minorities have been treated like second class citizens (indeed, at times as indentured servants and slaves), since the nation's founding. And they certainly placed a very large dent in Mr. Kavanaugh's record & pending reign.  He, and another current SCOTUS member, will forever have asterisks by their names: admitted to the bench after highly credible allegations of serial sexual harassment.  Thankfully, this movement isn't going away anytime soon, and unfortunately, neither is men's behavior towards women likely to change anytime soon.  Until parents are more open w/ their children about sex, sex education - and sexual behavior & issues surrounding orientation - our prudish, and often provincial (see red states), society will continue to breed and foster men like Mr. Kavanaugh.  As w/ nearly all things, education & transparency would do much to eliminate a pandemic of harassment, misogyny, rape, and sexual abuse.  

The upside, women are motivated, and woke, to run for political office, and vote, as never before.

I'll take a battalion of angry - motivated - women over an army of elitist, entitled frat boys any day of the week, in their ability to bring about constructive change. The other positive, SCOTUS, and yes, all US courts, continue to be exposed as the political institutions that they are; that it to say, run by politicians wearing black robes for the elite's benefit.  The answer to this problem is simple: term limits and popularly elected SCOTUS/Federal court members (i.e. greater democracy). That and the judicious use of SCOTUS impeachment when appropriate.  If the GOP, and their paymasters, are so confident in their economics & politics then surely they would not object to greater democracy and a popular vote on their judicial nominees?  Ditto the Dems.

And yes, let's give the devil his due.  Mr. Trump negotiated a better NAFTA deal last week, or USMCA trade agreement. The agreement has a number of pro-labor features, not the least of which are: greater North American parts content in North America assembled vehicles; exponentially higher pay for a percentage of Mexican workers, so that mercenary multinationals may be less inclined to move factories south of the border to exploit Hispanic labor; and my personal favorite, Chapter 11 has been nearly eliminated (but for the notable exceptions of - surprise - Big Oil & Telecommunications).  Chapter 11 allowed multinationals to sue governments - in rigged corporate panels - for loss of profits, due to changes in laws & regulations.  Sovereignty, and the people's will, appear to have been restored. (Kudos PM Trudeau!)  Of course, as w/ all trade agreements, Satan is in: the details; the enforcement mechanisms; and passage through a Congress, that is wholly owned by a nefarious US Chamber of Commerce.

That said, Trump appears to have paved the way, and set the bar on trade. Has anybody taken a look at China's stock market lately, or China's diminished growth prospects, & foreign investment into mainland China & Asia?  Not good. Trump appears to be winning on trade, as the Sino-US trade war heats up (aka the title fight).  Now future Dem administrations can't hide behind closed doors w/ multinational overlords & donors, or behind the Chamber's skirt.... the die is cast, and American labor expects Dems to only improve upon Trump’s work & future trade agreements.  Neoliberalism (aka exploitation of global labor, tax laws, & lax regulation, at the expense of American labor, the tax base, & economy) is dead.  

Add in Bloomberg's story about China hacking the motherboards throughout US industry, tech sector, and the US government, and America has far greater incentives to bring both jobs & supply lines home.  Dem leadership take note: sometimes it pays to be aggressive - even at the risk of upsetting allies, or so-called niceties & norms - in the pursuit of your base's & the country's interests.  

This also means upsetting the donor class.












In spite of the good news, there are still some immediate concerns on the horizon... the Democratic party is loaded w/ DINOs (Democrats in name only), or dinosaurs as I like to call them; that is septu & octogenarians, who have been sucking on the corporate/multinational tit for decades, in the form of campaign contributions and donations. 

You know, the usual suspects: Clintonistas, GOP-Lite, establishment types... somewhat liberal on social policy, but on economic and foreign policy (FP), basically indistinguishable from their republican colleagues. 

It's time for a purge.  If the Democratic party is to demonstrate that it has learned anything from 2016, the DINOs must go, or be converted.  DINO policies - from Clinton & Obama administrations - led directly to the rise of Trumpism and the rejection, by the everyman, of the Democratic party. The Party of the People - allegedly Dems - ignored the people, got in bed w/ the super-predators of Wall Street & Silicon Valley, and have been thrown out of federal & state executive, legislative, & judicial branches.

Blame the dinosaurs & their neoliberal policies... I mean DINOs. Bottom line: America doesn't need two Republican parties.

The future is AI, continued automation, and perhaps, to a far lesser degree, globalization.... but this means the US needs even greater social policies to aid ordinary Americans, minorities, women, children, and yes, even white males.  This means progressives are going to need to attack & leash: neoliberalism; a criminal & failed neocon FP; our crony- kleptocracy; and yes, DINOs, themselves, in bed w/ the US Chamber and its laissez faire agenda. The national debt must also be methodically & slowly written down, so that both establishment parties can no longer weaponize the national debt against the 99%.  The national debt was run up to pay for tax cuts for the rich, credit card wars, and bailout Wall Street and its aftermath.... so why are ordinary Americans stuck paying for the serial pathologies, and recidivism, of the elite?

The people don't need DINOs and the party doesn't need them either.

Anything less, and the Democratic party will find itself out of power, just as quickly as it might find its way back, post - November elections. Take lessons from FDR & the New Deal... the only POTUS to win four terms.  

The road map to success for Democrats was laid out in the 1930s & 40s. 



PS

Finally, I was re-reading the Declaration of Independence last night – you know that manifesto that shook off the chains of a corrupt elite - presently American law.  I couldn’t help notice that if we substitute "US aristocracy" for "King George," and any reference to same.... we can quickly see that not only does the document hold up today, but the tyranny of a monied elite has replaced the cruel oppression of a monarch.

Many of the outrages the founding fathers accused King George of, in 1776, apply here and now to American aristocracy.

The more things change, the more they stay the same.... that is, until a political revolution arrives.


Copyright JM Hamilton Publishing 2018