Category Archives: economic doom

NYTimes notices Warren Mosler

Just noticed that the video I shot of the Modern Money Network’s MMT v. Austrian School debate was linked to in the New York Times. Unfortunately, the article it accompanies, a profile of Warren Mosler, is a bit of a hatchet piece, though no worse than you’d expect from such an outlet. And they published it on July 4, not exactly a day folks are eager to watch a two hour debate on macroeconomics.

Unless you are sympathetic to Austrian economics, I recommend Warren Mosler’s seminar with Stephanie Kelton over the debate for a (less painful) introduction to MMT:

Another good place to start is Mosler’s 7 Deadly Innocent Frauds and Wray’s MMT Primer. As for the supposedly non-existent academic literature on MMT, here is a incomplete but long list.

[Update 5:40pm: edited “CIA” out of the title because I totally missed the context that the CIA in this article refers to a private group (albeit one which directly funded government programs) called the “Committee for Immigrants in America.” The Central Intelligence Agency didn’t exist until the Truman administration. While that CIA has had its tentacles/money behind many a propaganda campaign, some more surprising than others, this cannot be claimed among them. Many thanks to the gentle reader that pointed this out to me!]

The counterweight, the Americanization movement, was born in 1907 with the establishment of the North American Civic League for Immigrants, headed by conservative businessmen. Aligned groups. such as the New England Industrial Committee, were created as NACLI promoted its program.

The success of the Lawrence strike, which garnered national outrage due to police beatings of women who had volunteered to transport and harbor children of strikers, increased the urgency of countering the union threat. The message was that chambers of commerce, as “conservators of the ‘best interests’ of their communities” needed to educate (as in domesticate) adult alien workers. This Americanization movement had business backers in every sizable city with an immigrant population doing outreach to business organizations, church leaders, and other community groups. In 1914, NACLI decided to extend its program nation-wide, and changed its name to the Committee for Citizens in America. The CIA paid and provided staff to the Department of Education [correction: Federal Bureau of Education] to sponsor Americanization programs (private interests’ ability operate directly through the Federal government ended in 1919).

The outbreak of World War I was a Godsend to the Americanization movement. The war stoked nationalist sentiment and with it, suspicion of obvious aliens as at best “un American” and at worst, subversive. President Wilson spoke at a highly staged “patriotic” event for 5000 recently naturalized citizens in spring 1915. This event was so successful that the movement leaders succeeded in forming local Americanization committees all over the US. Quoting Carey:

The CIA also produced a brilliant propaganda strategy to involve every American in an annual ritual of national identification. This ritual would embed the cultural intolerance of the Americanization movement with an identification that was formally and officially sanctified. The CIA thereby launched its campaign for the fourth of July 1915 to be made a national Americanization Day, a day for a ‘great nationalistic expression of unity and faith in America’.

Carey describes and quotes a pamphlet promoting the event written by one of the executive committee members:

….the ultimate success of the policy would depend on how effectively the ‘average American citizen’ could be induced to bring the influence of his conservative views to bear on the immigrant….’such a citizen is the natural foe of the IWW and of the destructive forces that seek to direct unwisely the expressions of the immigrant in his new country and upon him rest the hope and defense of the country’s ideals and institutions.’ Here we have a blatant industrial and partisan view fused with an intolerance of the immigrant and values of national security, in a submission that would cement these interests and intolerances within the paraphernalia of the annual ritual of what would become Independence Day.

Summer Rerun: Why Don’t Americans Take More Vacations? Blame It on Independence Day « naked capitalism.

MASSIVE ATTACK v ADAM CURTIS

So excited for this:

MASSIVE ATTACK V ADAM CURTIS
STARTING IN TWO WEEKS TIME IN MANCHESTER, THEN GERMANY, NEW YORK

The show is a collaboration between myself and Robert del Naja of Massive Attack.

What links us is not just cutting stuff up – but an interest in trying to change the way people see power and politics in the modern world. To say to them – have you thought of looking at it like this?

We’ve used film, music, stories and ideas to try and do this – to build a new kind of experience. The best way we can describe it is “a Gilm” – a new way of integrating a gig with a film that has a powerful overall narrative and emotional individual stories.

The show will be a bit of a total experience. You will be surrounded by all kinds of images and sounds. But it is also about ideas. It tells a story about how a new system of power has risen up in the modern world to manage and control us. A rigid and static system that has found in those images and sounds a way of enveloping us in a thin two-dimensional version of the past.

A fake, but enchanting world which we all live in today – but which has also become a new kind of prison that prevents us moving forward into the future.

Along with Massive Attack the show will star two great singers.

The amazing Liz Fraser

And the wonderful Horace Andy

And some of the music will be surprising – from early Barbra Streisand to Siberian punk from the 1980s.

Here’s a two-dimensional trailer that will give you an idea of what the show is about – and the stories it tells.

MAvAC: guest singers Elizabeth Fraser and Horace Andy announced, plus a trailer from Adam Curtis.

Chris Seefer: “Detecting, Investigating and Documenting Fraud”

Video I shot in 2011 of a lecture by Chris Seefer, an attorney at Robbins Geller Rudman & Dowd LLP — the law firm responsible for collecting the “mountain of evidence” of a massive ratings agencies scandal, as documented in Matt Taibbi’s brutal article The Last Mystery of the Financial Crisis.

via Chris Seefer: “Detecting, Investigating and Documenting Fraud” – YouTube.

May Day: Demand JOBS FOR ALL

Jobs For All - May Day
Download .pdf

Join the Rally and March on May Day for JOBS FOR ALL!

Join a large, visible presence advocating job creation and an end to unemployment:

JOBS FOR ALL
Dignified work at good union wages for everyone who wants a job.

TRABAJOS PARA TODOS
Trabajo digno con sueldos buenos de escala sindical para cualquiera que quiera un trabajo.

TUESDAY MAY 1
Mayday 2012 Rally & March
Union Square, NYC
4:00PM
Join us at the corner of Union Sq. West & 14th St.
(By the dry fountain)

We demand a democratically-controlled public works and public service program, with direct government employment, to create 25 million new jobs at good union wages. The new jobs will be to build the facilities and provide the services needed to meet the needs of the 99%, including in education, healthcare, housing, transportation, and clean energy. The program will be funded by raising taxes on the banks, corporations and the wealthiest 1%, and by ending all U.S. wars. Employment in the program will be open to all, including immigrants and persons formerly incarcerated.

Demandamos obras públicas y un programa de servicios públicos democráticamente controlados, con empleo directo del gobierno, para crear 25 millones de nuevos empleos con sueldos buenos de escala sindical. Los nuevos empleos serán para construir las instalaciones y proveer los servicios necesitados para satisfacer las necesidades del 99%, incluyendo en educación, cuidados de la salud, vivienda, transporte y energía limpia. El programa será financiado aumentando los impuestos a los bancos, las corporaciones y el 1% de los más ricos, y poniendo fin a todas las guerras por los Estados Unidos de América. Empleo en el programa estará disponible para todos, incluyendo a los inmigrantes y a las personas anteriormente encarceladas.

www.jobsforallny.org
Facebook Event

NY JOBS FOR ALL COMMITTEE • www.JobsForAllNY.org • twitter: @JobsForAllNY

For more information, or to endorse the demand, email: info@jobsforallny.org
Para mas información, o para apoyar la demanda, email: info@jobsforallny.org

“The Struggle for Full Employment: Not a New Idea and Not a New Struggle”

Last weekend I attended Left Forum and videoed a fantastic panel, The Struggle for Full Employment: Not a New Idea and Not a New Struggle, sponsored by the National Jobs for All Coalition.

“The Struggle for Full Employment: Not a New Idea and Not a New Struggle”
Left Forum 2012
Saturday, March 17, 5:00-6:40 PM, Room W401

www.njfac.org
www.jobscampaign.org

The presentation explores New Deal job creation efforts and FDR’s Economic Bill of Rights that began with the right to a decent job. It discusses two major attempts to secure full employment, in the immediate post-World War II period and in the 1970s, the first ending in the defeat of full employment legislation and the second, in the failure to implement a watered-down full employment act. Full employment, the presentation shows, will take a fundamental break with neo-liberalism and a reorientation of power from big business and Wall Street to middle- and working-class people and will require the full-scale social movement that both earlier struggles lacked.

Panelists:

Chuck Bell: Vice Chair, National Jobs for All Coalition, co-author of “Shared Prosperity: The Drive For Decent Work” (2006). Twenty years of experience in consumer and health care advocacy, and community movements for jobs and economic justice.

Helen Ginsburg: Professor Emerita of Economics, Brooklyn College, CUNY., and co-founder of the National Jobs for All Coalition. Author of books and articles on employment policy and strategies.

Gertrude S. Goldberg: The New Deal and Social Welfare Professor of Social Policy Emerita, Adelphi University School of Social Work where she directed the Ph.D. program. Chair of the National Jobs for All Coalition. Co-chair of the Columbia Seminar on Full Employment, Social Welfare & Equity. Author/co-author and editor of six books and numerous book chapters and articles on social policy and employment.

Moderator: Sheila D. Collins, Professor of Political Science at William Paterson University and co-founder of the National Jobs for All Coalition.

Video by Rebecca Rojer, http://rrrojer.net

Rocky Anderson Super Tuesday Money Bomb

I just donated $50 to Rocky Anderson’s presidential campaign. I’ve already come public about my support of Rocky and unwillingness to keep voting for Dems but I just wanted to share this email from the Rocky campaign, because it’s so damn refreshing to hear something like this from a politician:

Rebecca —

Thank you for your donation to our campaign. With your help, we will lead the United States forward on a healthy, just, and sustainable path.

We do not accept more than a total of $100 from any person. We are making the choice to emphasize the need to end the corrupting influence of money over our political system. We will rely on grassroots organizing and democratized means of communication to overthrow the dictatorship of selfish narrow interests, which, with the collusion of the two dominant parties, have been undermining the public interest.

This campaign stands for:

An immediate end to the on-going wars;

Essential health care coverage for all citizens;

Urgent international leadership by the U.S. to prevent the most catastrophic consequences of climate disruption;

Adequate revenues to balance the budget through fair taxation;

Treatment of substance abuse as a public health, rather than criminal justice, issue;

Control of the Federal Reserve by the Treasury Department and Congress;

A balanced budget (or a surplus) except in times of war or major recession;

An end to the legal concept of corporate “personhood;” a constitutional amendment to overrule Citizens United ;

An end to the corrupting impact of money in our electoral system;

Protection of U.S. jobs, through re-negotiation of trade agreements and jobs programs like WPA and CCC to improve our nation’s infrastructure and employ millions of Americans;

An end to the stranglehold on our government by the military-industrial complex.

United we can come together to put the public’s interest first.

With gratitude,

Rocky Anderson

Tell TINA to shove it & donate today!