All posts by rebecca

activism, economic doom, mmt, politics

“What the Country Needs is a New New Deal”

Compelling & accessible argument for a Jobs Guarantee program from L. Randall Wray & Stephanie Kelton:

The truth is simple and contrary to these views. Business will not hire more workers until it has more sales. Consumers will not spend more until they’ve got more jobs. A private-sector recovery requires 300,000 new jobs every month. But the private sector doesn’t need 300,000 new workers per month to meet prospective sales.

The new jobs can only come from the federal government—the only economic entity that can afford to hire. Obama’s 1 million infrastructure jobs is a nice down payment, but it is only three month’s worth. New workers will create the sales that firms need to justify new hiring. Still, we must think bigger if we are to create 20 million jobs.

…

There is a way to do that: The government could serve as the “employer of last resort” under a job guarantee program modeled on the WPA (the Works Progress Administration, in existence from 1935 to 1943 after being renamed the Work Projects Administration in 1939) and the CCC (Civilian Conservation Corps, 1933-1942). The program would offer a job to any American who was ready and willing to work at the federal minimum wage, plus legislated benefits. No time limits. No means testing. No minimum education or skill requirements.

The program would operate like a buffer stock, absorbing and releasing workers during the economy’s natural boom-and-bust cycles. In a boom, employers would recruit workers out of the program; in a slump the safety net would allow those who had lost their jobs to continue to work to preserve good habits, making them easier to re-employ when activity picked up. The program would also take those whose education, training or job experience was initially inadequate to obtain work outside the program, enhancing their employability through on-the-job training. Work records would be maintained for all program participants and would be available for potential employers. Unemployment offices could be converted to employment offices, to match workers with jobs in the program, and to help private and public employers recruit workers.

Funding for the job guarantee program must come from the federal government—and the wage should be periodically adjusted to reflect changes in the cost of living and to allow workers to share in rising national productivity so that real living standards would rise—but the administration and operation of the program should be decentralized to the state and local level. Registered not-for-profit organizations could propose projects for approval by responsible offices designated within each of the states and U.S. territories as well as the District of Columbia. Then the proposals should be submitted to the federal office for final approval and funding. To ensure transparency and accountability, the Labor Department should maintain a website providing details on all projects submitted, all projects approved and all projects started.

http://www.truthdig.com/report/item/with_300_billion_the_president_can_reduce_unemployment_to_zero_20110908

art, ashleyamber, brklyn, event, film, made by me

ASHLEY/AMBER screening tomorrow afternoon at Knitting Factory BK

ASHLEY/AMBER at the Williamsburg Int’l Film Fest
A short film about an antiwar activist who finds fame after being outed as the one-time star of an internet porn video.

** afternoon screening **
Friday, September 23 · 2:00pm – 4:00pm
The Knitting Factory
361 Metropolitan Avenue, Brooklyn, NY
Screening in the Student Film Program I @ Willifest
$10 – purchase tix
www.ashley-amber.com / www.willifest.com

activism, economic doom, friends, jerz, mso, politics, signs of apocalypse

My friend Dan heckles Mitt Romney, Romney declares “corporations are people too.”

“We have to make sure that the promises we make in Social Security, Medicare and Medicaid are promises we can keep, and there are various ways of doing that,” Mr. Romney said. “One is we can raise taxes on people.”

“Corporations!” the protesters shouted, suggesting that Mr. Romney, as president, should raise taxes on large businesses. “Corporations!”

“Corporations are people, my friend,” Mr. Romney responded, as the hecklers shouted back, “No they’re not!”

“Of course they are,” Mr. Romney said, chuckling slightly. “Everything corporations earn ultimately goes to people. Where do you think it goes?”

When someone in the front row angrily suggested that “it goes in their pockets,” Mr. Romney, becoming increasingly animated, asked: “Whose pockets? People’s pockets!”

Romney to Hecklers: ‘Corporations Are People’ (NYT)

So not only is this exchange awesome/horrifying in it’s own right, but that handsome man heckling Romney in the above video is my old friend Dan. We went to high school together, he took over the ACLU club after I graduated, and also ran a successful student council presidency campaign on the platform “MAKE SCHOOL LESS F****D UP.”

Go Dan! So happy you’re still fighting the good fight. I’m totally beaming right now & full of CHS pride. Looking forward to the revival of your student council platform on a national scale.

Anyway, Dan’s out in Iowa now working for the Iowa Citizens for Community Improvement so if you enjoyed his performance consider a donation.

The full exchange:

activism, art, books, culture, economic doom, hope

If the news is crushing your spirit, I highly recommend some Wendell Berry

The outcry in the face of such obvious truths is always that if they were implemented they would ruin the economy. The peculiarity of our condition would appear to be that the implementation of any truth would ruin the economy. If the Golden Rule were generally observed among us, the economy would not last a week. We have made our false economy a false god, and it has made blasphemy of the truth. So I have met the economy in the road, and am expected to yield it right of way. But I will not get over. My reason is that I am a man, and have better right to the ground than the economy. The economy is not god for me, for I have had to close a look at its wheels. I have seen it at work in the strip mines and coal camps of Kentucky, and I know that it has no moral limits. It has emptied the country of the independent and the proud, and has crowded the cities with the dependent and the abject. It has always sacrificed the small to the large, the personal to the impersonal, the good to the cheap. It has ridden to its questionable triumphs over the bodies of small farmers and tradesmen and craftsmen. I see it, still, driving my neighbors off their farms into the factories. I see it teaching my students to give themselves a price before they can give themselves a value. Its principle is to waste and destroy the living substance of the world and the birthright of posterity for a monetary profit that is the most flimsy and useless of human artifacts.

Though I can see no way to defend the economy, I recognize the need to be concerned by the suffering that would be produced by its failure. But I ask if it is necessary for it to fail in order to change; I am assuming that if it does not change it must sooner or later fail, and that a great deal that is more valuable will fail with it. As a deity the economy is a sort of egotistical French monarch, for it apparently can see no alternative to itself except chaos, and perhaps that is its chief weakness. For, of course, chaos is not the only alternative to it. A better alternative is a better economy. But we will not conceive the possibility of a better economy, and therefore will not begin to change, until we quit deifying the present one.

A better economy, to my way of thinking, would be one that would place its emphasis not upon the quantity of notions and luxuries but upon the the quality of necessities. Such an economy would, for example, produce an automobile that would last at least as long, and be at least as easy to maintain, as a horse. It would encourage workmanship to be as durable as its materials; thus a piece of furniture would have the durability not of glue but of wood. It would substitute for the pleasure of frivolity a pleasure in the high quality of essential work, in the use of good tools, in a healthful and productive countryside. It would encourage a migration from the cities back to the farms, to ensure a work force that would be sufficient not only to the production of the necessary quantities of food, but to the production of food of the best quality and to the maintenance of the land at the highest fertility — work that would require a great deal more personal attention and care and hand labor than the present technological agriculture that is focused so exclusively upon production. Such a change in the economy would not involve large-scale unemployment, but rather large-scale changes and shifts in employment.

“You are tilting at the windmills,” I will be told. “It is a hard world, hostile to the values that you stand for. You will never enlist enough people to bring about such a change.” People who talk that way are eager to despair, knowing how easy despair is. The change I am talking about appeals to me precisely because it need not wait upon “other people.” Anybody who wants to do so can begin it in himself and in his household as soon as he is ready– by becoming answerable to at least some of his own needs, by refusing the glamorous and the frivolous. When a person learns to act on his best hopes he enfranchises and validates them as no government or public policy ever will. And by his action the possibility that other people will do the same is made a likelihood.

From Discipline and Hope by Wendell Berry, from his book A Continuous Harmony (1972).

art, ashleyamber, culture, film, made by me, politics

Ashley/Amber on DVD in “Back to Politics” compilation

[cross-posted at ashley-amber.com]

Ashley/Amber is out on DVD today as part of BACK TO POLITICS, a compilation of 10 short films curated by Berlinale shorts director Maike Mia Höhne.

»Im Alter von 22 Jahren bläst Christoph Schlingensief auf offener Straße und im Schnee seinen Landsleuten die Nationalhymne. Ein klares Eingangsstatement, anhand dessen sich kaum die Frage stellt, ob man sich aufgrund der Hymne von seinem Stuhl erhebt. Prolog & programmatisch für die Auswahl BACK TO POLITICS.
Entlang der Filme lässt sich darüber spekulieren, wie die politische Lage derzeit einzuschätzen ist, wie sie sich zum Besseren verändern lässt. Politisches Handeln weist viele Facetten auf und ist nicht ausschließlich an Tagespolitik geknüpft, sondern tritt in banal anmutenden Entscheidungen zu Tage, die jede und jeder praktisch ständig zu treffen hat. Wie und was ist der Mensch, der entscheidet? In Annäherungen werden prekäre Arbeitsverhältnisse, Ich-AGs und illegale Erwerbsarbeit verhandelt. Die Frage vom Ich im Ganzen bleibt. Zum Ende geht die historische These, wie Sex und Politik zusammengehen, neue Wege. Der Erwartung wird das Leben zugesetzt.«
[Dietmar Schwärzler & Maike Mia Höhne]

It’s quite an honor to be included in this collection. There are some really excellent films including Hugo Lilja’s Aterfödelsen, the dystopian zombie film that screened with us in Berlin.

Order at good!movies & amazon.de

culture, economic doom, hope, musings, politics, writing

Modern Money Primer

There is burgeoning school of economics called Modern Money Theory (MMT) that I really think warrants consideration. Not only is it theoretically quite intriguing, but if accurate, has tremendous political and social implications. One might even say that (perhaps in contrast to the Obama administration), it is actual cause for hope.

So I’d like to bring MMT to your attention. If you have already encountered, and dismissed, MMT, I’d like to encourage you to give it a second look. If you have already encountered, and dismissed, the entire field of Economics, I’d like to propose MMT as the exception to the rule.

Specifically, I suggest you check out the Modern Money Primer, recently begun by L. Randall Wray, one of the more prominent MMT scholars:

http://neweconomicperspectives.blogspot.com/p/modern-money-primer-under-construction.html

This primer is meant to be accessible introduction to someone with no prior understanding of MMT or even Economics. Wray will be adding a chapter every Monday for the next year, and responding to comments every Wednesday. (And for those of you who can’t possibly wait a year, I highly recommend Wray’s textbook Understanding Modern Money)

Okay okay but what is MMT?

Well, Wray and his colleagues will do a much better job than I of explaining, but here’s the gist as I understand it:

  • In a fiat economy, public debt = private wealth
  • Taxes don’t fund government spending; taxes create demand for fiat currency so that people are willing to sell goods & services to the government in exchange for said currency
  • Taxation is a sufficient (though not necessary) means to create demand for fiat currency (& thus prevent against undesirable levels of inflation)

    • and finally, perhaps most radically:

  • By serving as an “Employer of Last Resort”, essentially hiring anyone who is willing but unable to find work in the private sector and paying them a living wage, the government can ensure both full employment and price stability.

If true, this is pretty huge. Calls for “austerity” and the need to “reduce the deficit” become specious; there is an economically-sound mechanism to employ everyone at a living wage; not to mention that the government can suddenly “afford” all kinds of neat social programs, like universal health care, daycare and public transportation.

Crazy talk!
Lunacy!
Socialism!
Zimbabwe! Wiemar Germany!
Nothing you just said made any sense to me!
Rebecca, what the hell makes you, with your film degree, qualified to talk about economics?!

Yes, in many ways MMT runs completely counter to our conventional understanding of money. It sounds insane at first. But I think, if you give Wray a chance, you will see all the above points (except perhaps the last one) thoughtfully addressed.

And unlike most branches of economics, which could be accused of hiding behind intimidating jargon and complicated mathematical models rooted in mythology, the folks at New Economic Perspectives (the group of scholars behind the primer) are actively soliciting comments & critiques from their readers in an effort to make this primer as clear and thorough as possible. So I encourage you to check it out and ask questions and follow along over the next 50 weeks, if that’s your sort of thing.

[[Modern Money Primer]]

PS. If you contacted me nearly a year ago about that economics discussion list I wanted to start, apologies for never actually getting around to making it. I’m gonna try and get that started up soon, for real. Perhaps we can work our way through the Modern Money Primer together. Everyone who requested an invite will get one. If you didn’t and want in, let me know!

culture, economic doom, politics, signs of apocalypse

“This is why I’m proposing to make my school a prison”

Nathan Bootz, a school superintendent in Michigan, writes a public letter to his governor:

Dear Governor Snyder,

In these tough economic times, schools are hurting. And yes, everyone in Michigan is hurting right now financially, but why aren’t we protecting schools? Schools are the one place on Earth that people look to to “fix” what is wrong with society by educating our youth and preparing them to take on the issues that society has created.

One solution I believe we must do is take a look at our corrections system in Michigan. We rank nationally at the top in the number of people we incarcerate. We also spend the most money per prisoner annually than any other state in the union. Now, I like to be at the top of lists, but this is one ranking that I don’t believe Michigan wants to be on top of.

Consider the life of a Michigan prisoner. They get three square meals a day. Access to free health care. Internet. Cable television. Access to a library. A weight room. Computer lab. They can earn a degree. A roof over their heads. Clothing. Everything we just listed we DO NOT provide to our school children.

This is why I’m proposing to make my school a prison. The State of Michigan spends annually somewhere between $30,000 and $40,000 per prisoner, yet we are struggling to provide schools with $7,000 per student. I guess we need to treat our students like they are prisoners, with equal funding. Please give my students three meals a day. Please give my children access to free health care. Please provide my school district Internet access and computers. Please put books in my library. Please give my students a weight room so we can be big and strong. We provide all of these things to prisoners because they have constitutional rights. What about the rights of youth, our future?!

Please provide for my students in my school district the same way we provide for a prisoner. It’s the least we can do to prepare our students for the future…by giving our schools the resources necessary to keep our students OUT of prison.

Respectfully submitted,

Nathan Bootz, Superintendent, Ithaca Public Schools

http://gcherald.com/letterseditor/letters-to-the-editor-may-12-2011-issue.shtml

economic doom, politics

Cornell West on Obama, the necessity of a third pary

“I was thinking maybe he has at least some progressive populist instincts that could become more manifest after the cautious policies of being a senator and working with [Sen. Joe] Lieberman as his mentor,” he says. “But it became very clear when I looked at the neoliberal economic team. The first announcement of Summers and Geithner I went ballistic. I said, ‘Oh, my God, I have really been misled at a very deep level.’ And the same is true for Dennis Ross and the other neo-imperial elites. I said, ‘I have been thoroughly misled, all this populist language is just a facade. I was under the impression that he might bring in the voices of brother Joseph Stiglitz and brother Paul Krugman. I figured, OK, given the structure of constraints of the capitalist democratic procedure that’s probably the best he could do. But at least he would have some voices concerned about working people, dealing with issues of jobs and downsizing and banks, some semblance of democratic accountability for Wall Street oligarchs and corporate plutocrats who are just running amuck. I was completely wrong.”

From an interview with Chris Hedges in Truthdig.

Towards the end, he calls for a third party, which I think is really the only sensible path at the moment. I’ve definitely been feeling this sentiment in the air lately, but West is the most prominent person I’ve heard yet to declare himself “not in” and does so quite eloquently of course:

“This was maybe America’s last chance to fight back against the greed of the Wall Street oligarchs and corporate plutocrats, to generate some serious discussion about public interest and common good that sustains any democratic experiment,” West laments. “We are squeezing out all of the democratic juices we have. The escalation of the class war against the poor and the working class is intense. More and more working people are beaten down. They are world-weary. They are into self-medication. They are turning on each other. They are scapegoating the most vulnerable rather than confronting the most powerful. It is a profoundly human response to panic and catastrophe. I thought Barack Obama could have provided some way out. But he lacks backbone.

“Can you imagine if Barack Obama had taken office and deliberately educated and taught the American people about the nature of the financial catastrophe and what greed was really taking place?” West asks. “If he had told us what kind of mechanisms of accountability needed to be in place, if he had focused on homeowners rather than investment banks for bailouts and engaged in massive job creation he could have nipped in the bud the right-wing populism of the tea party folk. The tea party folk are right when they say the government is corrupt. It is corrupt. Big business and banks have taken over government and corrupted it in deep ways.

“We have got to attempt to tell the truth, and that truth is painful,” he says. “It is a truth that is against the thick lies of the mainstream. In telling that truth we become so maladjusted to the prevailing injustice that the Democratic Party, more and more, is not just milquetoast and spineless, as it was before, but thoroughly complicitous with some of the worst things in the American empire. I don’t think in good conscience I could tell anybody to vote for Obama. If it turns out in the end that we have a crypto-fascist movement and the only thing standing between us and fascism is Barack Obama, then we have to put our foot on the brake. But we’ve got to think seriously of third-party candidates, third formations, third parties.

“Our last hope is to generate a democratic awakening among our fellow citizens. This means raising our voices, very loud and strong, bearing witness, individually and collectively. Tavis [Smiley] and I have talked about ways of civil disobedience, beginning with ways for both of us to get arrested, to galvanize attention to the plight of those in prisons, in the hoods, in poor white communities. We must never give up. We must never allow hope to be eliminated or suffocated.”

Related, another compelling argument for the need of a third-party(ies). I have no background info on the author, Smith Bowen, but these two essays (chapters of an unfinished book, I believe) are an enjoyable read:

What’s the matter with… liberals?
&
What is to be done?

You’ll have to be resolute, though, and vote for the Green anytime the Democrat isn’t up to snuff, even if the Republican is a wild-eyed berserker who wants to pave the world. It’ll take a few more losses like Gore’s in Florida in 2000 before the Democrats will get the message, if then — and you have to be willing to stay the course until they do get it. Just remember that the only difference between a pave-the-world Republican and an “environmentalist” Democrat is well, none, really; the Republican means what he says, but the Democrat means what the Republican says, too.

Anyone keeping track of potential third-party candidates? This list on wikipedia is a little slim. Green Party Watch has a more inspiring list. But we need this for congress as much if not more so than for president. In a dream world, who would you actually be proud and excited to vote for?