Universalized Private Property & Mobility: Symbolic Domination Duo

Marketing the “universalized private property” non-solution to the problems of inegalitarian unfreedom has been the worldwide political organization “stock in trade of mercantilists, capitalists, and the jurists and politicians beholden to them ever since the Roman republic” (David Abraham. 1996. “Liberty without Equality” Law & Social Inquiry 21(1): 7, citing Moore 1966 and Mayer 1971). Rousseau once argued that through obeying the General Will, we would all have property, in the state, iff no one had associational capacity (such as private property allocates). Capitalists argue that we have property in our alienable labour. Jefferson tried to define citizenship as a patrimony of 50 acre land ownership. Bourgeois revolutionaries from France to the US South have argued for the universalization of private property. It’s an idea that’s stunting and killing us. By Bush II, the “Ownership Society” was reduced to a requirement to obtain credit, or debt in order to access the conditions of life…universalizing the company mining town model, smallholder slavery to the capitalist class, prioritizing the social reproduction of the lending class, in its internal billionaire rivalry to own and direct the world.

The opposite of exclusive private property is inclusive public property, vilified by conservatives as the True trajectory of injustice, which they define via idealist philosophy, and its impoverished conceptualization of change, as decentering exception. Abraham traces the domination of the marketed non-solution in a history of US ideas and law. With this co-optative discursive strategy, “America’s greatest libertarians could be slaveholders, just as Europe’s were political-economy free marketeers,” Abrahams observes (11) in accordance with Losurdo 2011 (2006). Occasionally, usually after wars, equal protection/fundamental rights jurisprudence “chips away” at the negative-liberty polestar. “The logic and politics that each time ended the progress: a politics and logic” of universalized private property (9).

we-all-declare-for-liberty-lincoln

How can libertarianism remain twinned with slaver interest in the US? Abraham identifies geographic mobility as the necessary, co-optative factor greasing the relentless, little-challenged marketing of absolutist private property right as universal interest within the settler US (13). Yet in capitalism, private property is exclusive, accumulative, unequally allocating sovereign agency and collective action capacity, enhancing economic, social, and political inequality and unfreedom. Cosmopolitan mobility for the few, the ideal, rests upon the imposed, disruptive, depleting mobilization of the many—often war discharging people from citizenship and sovereign socio-material networks–home, Bourdieu said, where you are culturally literate, and by that able to navigate to your own interest, or through which you are symbolically dominated.

But a settler society, wherein freedom is allocated by market power and yet marketed as universal private property and glorified expulsion from home, is a society of vast and pervasive symbolic domination. We are required to black-box capitalism to presume, as political-economic elites have marketed since Cato the Elder in the 2nd c. BC, that citizenship rights, positive freedom, are irrelevant to non-elite liberty. Black-boxing capitalism, we can sink into the familiar, if degraded lullaby of Ownership Society marketing, aided by a sleeping pill: freedom’s idealistic reduction to physical mobility, as proposed by that original conservativizer of liberalism, Thomas Hobbes (1651). Enjoy the institutionalized Enclosure sweeps, and give my regards to your banker, your Master.

us-intervention-before-after

Liberal Fart of Freedom: Mobilizing populations

bank pwnd

Liberal Fart of Freedom: Debt as Universal Private Property Ownership

Mobility freedom is subordinated to the Mill state’s global private property right protection obligation:

“But, then, in the 2018 Consolidated Appropriations Act passed on March 23, President Donald Trump not only reinstated the full amount but also added an additional $60 million, for a total of $510 million for the prison project.”

Mass incarceration:
“With 2.2 million people behind bars today and 11 million cycling through jails every year, the United States incarcerates more people, and at a drastically higher rate, than any other country in the world.

Building 1,200 more prison beds reflects our dependency on this system of racialized social control, revealing not only deeply held assumptions about crime and punishment, but also what we believe is possible for, and deserved in, rural America.” –Sylvia Ryerson & Judah Schept, 2018, “Building Prisons in Appalachia,” Boston Review.

Notes on Redoing Abraham:

  1. Writing in 1996, Abraham did not yet realize how hard a Catholicized Supreme Court would be restoring absolute private property right in upcoming years. That can be updated.
  2. His analysis of the poverty of negative liberty’s version of “autonomy,” choice, can be improved by contrasting choice, as delegated agency, to sovereign agency.
    1. We fear dependency (37) in absolute private property right regimes not because it is “entwined with collective action,” but because dependency is the denied condition within which all (except self-aggradizing property owners) make unfree choice. Within a law by, of, and for capitalists, most of our choices are non-sovereign, and we fear being called out. Anti-dependency discourse is a terrifying game of hot potato; the stakes are credit and cooperation.
    2. While the Pro-choice movement (footnote 120, p. 37) has conspicuously played by the pragmatist’s losing game, and, update, has lost massively by it within capitalism’s automated class warfare context, a subtle, thorough, and non-sexist analysis would also observe that social democracies and communist societies have, far more securely than liberal and of course conservative societies, recognized women’s right to reproductive sovereignty (see Baker & Ghodsee), because they recognize, behind the reproductive right, the societal value in the development of the woman, threatened by the high consequences of reproductive work for women’s lives in particular, particularly in commodified economies.
  3. Analysis from his comparator case, West Germany, can be improved. Instead, to grasp socialist-influenced, positive-rights constitutional law, use Sweden.
    1. While the West German constitution excerpt (38) is a fine example, point out how the positive rights constitution is sociological, where the Anglo-American liberal negative rights constitution is anti-sociological.
    2. Attack the (rather-Jewish) reduction of social democracy to merely the reproduction of “homogeneity” (per Abraham, Friedman, etc.). See my critique of Jantelagen decontextualization and fetishization. Ethnic “homogeneity” (reduction of the salience of ethnicity) is socially (not discursively) constructed by an inclusionary sociological definition of society (per Dewey 1916), as where ethnicity is converted into political subcommunity, eg. in Vansterpartiet, or political-economic variation is incorporated, as with the Sami in the Swedish Constitution (Basic Laws). There’s a reason (genetic diversity, including incorporating some isolated, genetically-distinct communities–analogous to Ashkenazi Jews) why long-traveling Swedes “look weird,” as the idealistic Germans like to say. Swedes’ national ethnicity is an historical project of inclusion. Like non-ethnic difference and inequality, ethnicity is also a construction, one that extends outside a multicultural society; it isn’t just subcommunity. It is an alternative society, sometimes (particularly when in relation with capital) functional, and otherwise often ascribed, isolating, somewhat functional (capitalism outlaws working class organization) but not very. Universal celebrations of ethnicity in liberal, negative-liberty regimes are about abstracting functional ethnicity as the universal, non-White condition, and denying the functional servitude assigned to ascribed ethnicization within capitalism.
  4. Ipsum lorem.
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For Services Rendered: Market-rate Payment Up Front

Menu de Service

Note: A la carte menu items are priced according to an algorithm containing the variables: a) interested parties’ capacity to pay, where “interested parties” designates originating parties, and does not refer to any intermediary agent making the commission inquiry; and b) my assessment of the cost of tooldom to me, a person of modest means. You will see below that given the interested parties’ capacity to pay, my rates are an incredible bargain.

RE: Research and publication services involving the care of infants and youth: If you have to ask, you can’t afford it. My lifetime supply of unpaid labour is long overdrawn.

Expertise Price
Theory and comparative empirical research, critical: Immigration, gender & social reproduction; imperialism & racialization; metatheory; political sociology, Power Resources, Power Elite and networks; waste siting and internal colonialism in capitalism; social epidemiology; militarization, financialization, and carceralization. Prix Fixe, Included with academic TT position
Theory and empirical research, coalitional-constructivist: Economic democracy, FT & economic solidarity, co-ops, & unions; historical materialism, critical realism, epigenetics and developmental biology; social movements; history of working class struggle, instituted achievements & state capacities. Prix Fixe, Included with academic TT position
The history of the Atlantic Anglo Empire-Scandianvian rivalry, including as expressed in international organizations, & Atlantic Empire tactics to undermine Scandinavian moral credibility, particularly where the Anglo Empire bombs places, converts citizens into migrants, Scandinavia takes them in and settles them, and Atlantic Empiroids publish denunciations of social democracy on behalf of the immigrants. A la carte: $100,000 per essay on the theme of Social Democracy & Scandinavians are the Racist, They Have No Moral Standing (UN Meeting Motions Against Militarized Apartheid Are Totally Illegitimate).
Comparative empirical research into the macro-history of migration & capitalism; 100 years history of imperial interventions, migration, and resettlement politics/discourse, policy, and outcomes, particularly in Scandinavia, Austria, France, UK, US, & Canada. A la carte: $100,000 per essay on the theme, ‘Open Borders’: Curing the Welfare State & Racist Working Class

1) Sample Contract for the Service “Social Democracy & Scandinavians are the Racist” Article/Essay/Chapter

We the undersigned Academic and Intermediary do hereby contract for the Academic to pen an article or essay, receivable by Intermediary within one month, in which Academic shall argue that Social Democracy and Scandinavians are the Racist, They Have No Moral Standing.

This article shall:

a) Prominently feature some decontextualized Scandinavian politician statements or policy proposals that are, at least appear to, or can be argued to be symbolically violent toward Immigrants.

b) Cite some immigrant grievances in Scandinavia. This will be shooting fish in a barrel as immigrants are  not at home, are in transition, and Scandinavians themselves are working with immigrants to ask these questions, improve the system.

c) Not consider by contrast, how immigrants in liberal countries, ie Canada, are mandated to silence about grievances with the country, its people. The article will not provide context showing how the implicit anti-racist model, Commonwealth liberal settler countries, import a low percentage of refugee migrants, and, because the point isn’t to improve the immigration system in a developmental, humanitarian direction, assign media and the ethnic business communities the responsibility of enforcing discipline eliciting ritualistic, public loyalty affirmations from immigrants.

c) Construct immigrants as a racialized, permanent ontological category;

d) Depict Scandinavians as blonde Nazis;

e) Invoke a narrative structure posing Blonde Beast Social Democrat Scandinavians just abducting this Race of Immigrants out of the blue in order to restage Kristallnacht.

f) Avoid the context (Anglo-American imperial war, eg. in the Middle East) of how these immigrants came to be living in Scandinavia;

g) Include no data, including no comparative data, on immigrant composition/characteristics (category of immigration–refugee, family reunification; education level or enrollment; gender and age composition of immigrants) or outcomes over time and generation, save data on employment levels upon immigrant arrival;

h) Include no data, including comparative data, on public attitudes toward immigrants and immigration; public resources accessible to immigrants; nor any data on how long Scandinavian countries have been taking in successive waves of populations bombed out of their homes by the US/UK/France & Israel, nor any data on how those successive waves of immigrants have fared in Scandinavia across outcome indicators;

i) Include no data on how much research and public advocacy is funded and dedicated to immigrants within Social Democratic Scandinavian countries, nor how many immigrants are involved in and managing this work in Scandinavia.

j) Rather, create the impression that Scandianvia is a dank Capitalist/Nazi bunker  screaming for the replacement of its political leadership and all its labour markets with the sagacious and moral experience of Imperial race, labour market, and communist revolution experts;

k) Conclude with thoughts about how there is no sense in studying or organizing a social democratic coalition, because it will just end up in fascism. All we need to know is a story about Bernstein.

l) Conclude with thoughts on how base, abject Social Democratic Scandinavians have no moral standing (such conclusion as may be further applied for example in international organizations, particularly when the unpleasant topic of imperial bombing or apartheid is raised).

In exchange for this service, the Academic shall receive US$100,000, of which half shall be paid in advance, and half upon receipt of contracted service. In lieu of cash transfer, a greater market value in cars and real estate assets will be considered.

2) Sample Contract for the Service “‘Open Borders’: Curing the Welfare State & Racist Working Class” Article/Essay/Chapter

We the undersigned Academic and Intermediary do hereby contract for the Academic to pen an article or essay, receivable by Intermediary within one month, in which Academic shall argue that The Racist Problem to Be Eradicated in the US is Borders (AKA Society, Citizenship, and the Remnant Welfare State).

This article shall:

a) Randomly list some of the legal, carceral, and policing injustices visited upon American hemisphere working class immigrants to the United States, just enough to plausibly recall a Left posture, and connect these injustices to Borders and native working class & smallholder savagery;

b) Meanwhile avoid or dismiss any systematic discussion of unfree labour, global labor arbitrage and social reproduction effects within capitalism, semi-regulated mass migration’s contribution to union decline, or impacts on low-wage labor.

c) En passant, this article may mention why Latin Americans were uprooted from their homes, but this military intervention should in no way be linked systematically to the US’s global political-economic role and labor’s relationship to that; rather the mobilization must be breezily implied to be caused by Borders and White Smallholders.

d) It should be left assumed that uprooting is on balance a positive outcome for a racialized ontological category, the Immigrant. Logic: After all, how can the Immigrant exist, if citizens aren’t disrupted? You’re welcome, Immigrants! We are your saviours. Anti-racism.

e) Vigorously assert that mass semi-regulated immigration has but positive economic effect in the US;

f) Deploy phrase “work that Americans won’t take,” as if that’s not blatantly an employer framing denying all Marxist social reproduction analysis.

g) Avoid identifying Who’s Driving This Bus, and What Are The Contents of Chuck Schumer’s Stock Portolio? Avoid dwelling on the role Open Borders played in restoring the Latin American population to California, but only to avoid linking that demographic shift to the Democrat Party’s recently restored electoral viability in California, and especially to avoid a thorough-going analysis of the extent to which this iteration of demographic-shift political strategy can work for the Dems in the larger US, comparisons with the Dem Party’s historical reliance on demographic political shift (African-American internal migration in the mid 20th century) and its emancipatory limits (the financialized surveillance-and-war economy and its militarized carceral state), the extent to which the Dem Party is promoting the Open Borders political frame, and the probability that anarcho-communists, as opposed to capitalists, have been and will be providing the substantive content of Open Borders policy in this Dem Party coalition.

h) Never admit the starkly-obvious political-module homologies between anti-racist 1980s anti-welfare state politics, anti-racist anti-public education politics of the 1990s-2000s, and today’s anti-racist anti-borders politics and political coalition. Identify society, citizenship rights as the downpresserman (according to the conservative political philosophy we founded progressivism upon after 1968).

i) Keep the critique of labor vulnerability policy and institutions secondary to the Open Borders frame, implying that labor vulnerability is simply an epiphenomenal effect of native smallholder racism, easily disposed of, rather than a central concern of capitalism, and Borders are the principal factor cause of labor vulnerability.

j) While being spectacularly incurious, ahistorical, and unrealistic about who controls, and has long controlled, Open Borders frame and policy (Politically-organized capital.), suggest that alternative policy approaches, such as state-backed unions regulating employers, are impractical and unthinkable.

k) While diligently avoiding a thorough-going political-economic analysis, be sure to not consider that the current problem with Borders is that they have become heavily militarized to surveill and regulate smallholders, even while open-borders mass migration soared, and that, like militarized public schools are not public schooling, militarized borders have little to do with societal borders. Do not suggest that the driving problem is that the US labour market has been retooled for policing and incarceration on behalf of Atlantic imperialism’s Nightwatchman state-brand surveillance and military tech commodity market.

l) Conclude by identifying as racist any analysis maintaining that the target of real left organizing cannot be to dismantle the welfare state, public schools, or the porous, far-flung borders of the sprawling Manifest Destiny country, but rather to organize and strategize the rebuilding of a working class-participatory parity-scaled civilian society with non-militarized, human-developmental economic roles for the working class, such as have been increasingly, coalitionally denigrated and eliminated since the capitalism-coordinating restoration of Atlantic finance.

In exchange for this service, the Academic shall receive US$100,000, of which half shall be paid in advance, and half upon receipt of contracted service. In lieu of cash transfer, a greater market value in cars and real estate assets will be considered.

Backgrounder

When I was developing my diss project back in the day, my advisor was a lovely 2nd gen feminist who’d gained prominent international stature by lucking into a respectable newspaper baroness bequest as well as by writing about Swedish economic democracy from a feminist perspective. She suggested a project: I could work under her friend, a research manager with the state-funded Swedish Working Life Institute. The research plan was that I would care for and interview immigrant children in Sweden to record how Swedish society and the state was failing them. This would contribute to my advisor’s friend’s larger, multi-decade, state-funded research agenda. I prepared by reading contemporary articles like Chris Caudwell’s New York Times exposes on Swedish immigration failure, OECD and Migration Institute analyses of “immigration crisis” in Sweden, and books like Alan Pred’s “Even in Sweden,” all making the case that there was a racist and market crisis in Sweden, and social democracy was to blame.

Across the consensus that the social democratic state was a failure because immigrants, the story was a little confusing, though, because immigrants were cast both as criminals and victims. Media types argued that the social democratic state had to be shut down because of immigrant criminals. As a sociologist, surely my job was to show that immigrants were victims of the social democratic state. But unlike masculine economists, whose job was to show that immigrants are economic victims of the social democratic state, my sociological lady-job would be to show that immigrant babies feel bad because of the social democracy.

When I got to Sweden, I found out that like my advisor, her researcher friend was approaching the end of her long career, and actually already had a Swedish PhD advisee working on the final stages of that particular project, minus the caring labor because male researchers don’t use that research and advocacy methodology. (Sidebar: Not only community-based research but pro-immigrant/-immigration advocacy organizations expect women to contribute child care work in the course of their volunteer advocacy work as well. In both research and advocacy, it is thought that child care work is a way that the female outsider can contribute in kind to a subaltern community she’s working with, offering both tangible social reproduction labor and a symbolic gesture toward community restoration. Male researchers and advocates don’t do this, or they manage female researchers to do it, because no subaltern community expects dominant-society men to do free social reproduction work when they obviously have paid work to do. Male researchers just nobly manifest their gender and colonial status, a golden shower of dignity upon the researched subaltern community.)

In Sweden I was invited by the Left Party to a model immigration research debriefing and policy-formation meeting in which a Left Party representative’s daughter presented her research, conducted at the University of Minnesota, arguing that Somalis had it great in the liberal immigration regime, whereas they were victimized by the social democratic state and society. (That caring, expert immigration knowledge didn’t hold up to subsequent revelations that Somalis were actually subjected to egregious policing and surveillance in the liberal country, nor the fact that they are equally confined to high-rise towers no one else wants to live in. But that dog-bites-man story does not have an intellectual market.)

I was struck by this whole situation. Why did my advisor believe that I should, for my dissertation, just shadow her good friend’s advisee’s nearly-completed immigrant grievance-amplification project, in a field of research crowded with immigrant grievance amplification? How is that a dissertation? Why would I, as an American, even serve as a backup for this research agenda?: Amplifying the grievances of immigrants to another country. In the tremendous doctorate-level contribution that is redundant discursive amplification, did anyone care about the context or actual data for what was a sometimes implicit, sometimes explicit comparison? As someone who woke up every week day for four years to take Swedish classes, why would I be a good candidate for interviewing people who spoke neither Swedish nor English all that well? What is that even about, especially given that Sweden, as a social democratic country, clearly had piles of academic and state workers and organizations, including immigrants, already dedicated to this task, and that these had a legitimate, funded state-society role, and their advocacy research was far and away more influential on politics and policy than any sociology research agenda in Atlantic Anglo-America?

And so my actual dissertation was born, a social science project beyond discourse: What were the array of challenges and assets immigrants arrived to in Sweden? What were their life chances? What did the intergenerational life chances look like? How did these all compare to immigrant outcomes in liberal regimes? What was going on with these concerted, if contradictory, international discursive projects to hang war migrants’ violated innocence and criminality on Swedish social democracy? Where were the demand for contextless pathologizations and denunciations of the Swedish social democratic society coming from, where were they selling? Why were immigrants and immigration the vehicle for this project, given their migration was forced by imperial disruption?

Fast-forward to 2018, as the Atlantic Left joins the Dem Party-capitalist campaign for Open Borders coalition. What should support this bedfellowing? How  ’bout another contextless discursive round of How social democratic societies fail immigrants and Nordic people are Nazi Viking Marauders? Yeah, just go back to that well! This time, though, it’s really righteous, because Nordic-social democratic fascism for sure. Not unlike before. OK, but it’s really righteous because this time, instead of comparing Social Democratic Immigration Failure to liberalism, the Left, at least, compares Social Democratic Immigration Failure to FULL (ideal) COMMUNISM. We’re learning new political tactics! And See? Communists have a place in the Dem Party.

Can’t wait for the discourse this time, unlike all the times since the 1970s, to result in some seats for the Dem Party, as well as of course totally-rewarding, It’s A Small World imperialism-driven migration, and INTERSECTIONAL COMMUNIST REVOLUTION. Hell, this will even be satisfying from the perspective of Israel’s geopolitical need for revenge on and moral containment of Sweden, which has repeatedly played a critical, anti-apartheid role in international institutions. And yet, howevermuch I look to you exactly like the sort of person who should spend a lot of “research” and “education” time babysitting for free, if you want the Scando-slag service, you know what, I’ve studied how this political discourse goes, I know how it works and what its function is, my expertise is worth it, and this one, my friends, is a commodified “knowledge” market. Go back to your empire Party boss–er, partners, communists, and bring me back some money. Then we’ll talk bizniz.

Pay up

Do these ovaries make me look slavey?

Arabia & the West: Painful Lessons from Media History

In the solid “The Arab Spring and the West: Seven Lessons from History,” The Guardian‘s Seamus Milne reaches into the British Pathe News Video Archive to recall the oil-dependent fundamentals of West-Middle East Relations.

1) The West never gives up its drive to control the Middle East, whatever the setbacks.

2) Imperial powers can usually be relied on to delude themselves about what Arabs actually think.

3) The Big Powers are old hands at prettifying client regimes to keep the oil flowing.

4) People in the Middle East don’t forget their history – even when the US and Europe (conveniently) does.

5) The West has always presented Arabs who insist on running their own affairs as fanatics.

6) Foreign military intervention in the Middle East brings death, destruction, and divide and rule.

7) Western sponsorship of Palestine’s colonisation is a permanent block on normal relations with the Arab world.

Varoufakis on the Limits of Probability Mathematics, Conservative Orthodox Economics

“In a masterpiece entitled Science and Method, Henri Poincaré had warned back in 1914: ‘Probability is the opposite of certainty; it is thus what we are ignorant of, and consequently it would seem to be what we cannot calculate. . . . Among the phenomena whose causes we are ignorant of, we must distinguish between fortuitous phenomena, about which the calculation of probabilities will give us provisional information, and those that are not fortuitous, about which we can say nothing, so long as we have not determined the laws that govern them.’ In short, no one can possibly claim to know the chances of a financial crash while ignorant of its underlying causes.

How then did the economists convince the world, and the Nobel committee, that they could estimate the probabilities of events that their models assumed away not just as improbable but, in fact, as untheorizable? The answer lies more in the realm of rhetoric and psychology than in economics itself: they relabeled ignorance and marketed it successfully as a form of provisional knowledge. For instance, when unemployment seemed stuck at, say, 5%, and economists had no plausible explanation to offer, they called it “the natural rate of unemployment.” No need to explain it — it was “natural”! Or when they could not explain the deviations of human behavior from their predictions (e.g. in laboratory experiments), they (a) labeled such behavior “out-of-equilibrium strategies” and then (b) assumed that such behavior is random and “explainable” in the manner physicists describe white noise.

This thinly veiled form of intellectual fraud (i.e. the whole of what passes today as modern economic analysis) provided the “scientific” fig leaf behind which Wall Street tried to hide the truth about its “financial innovations.” The basic truth that Poincaré had exposed being willfully ignored, the three decades that led us to the Crash of 2008 coincided with the rise of a Holy Trinity that permeated all economic wisdom: the Efficient Market Hypothesis (EMH), the Rational Expectations Hypothesis (REH), and the so-called Real Business Cycle Theory (RBCT): impressively marketed theories whose mathematical complexity succeeded for too long in hiding their feebleness. Let’s take a glancing look at each one:

EMH: Financial markets contrive to ensure that current prices reveal all the privately known information that there is. In effect, no one can systematically make money by second-guessing the market. Some market players overreact to new information, others underreact. Thus, even when everyone errs, the market gets it “right.”

REH: No one should expect a theory of human action to predict well in the long run if it presupposes that humans systematically misunderstand that very theory. Sounds good, doesn’t it? A bullet between the eyes of patronizing social theorists who believe that they are closer to the truth about your behavior and mine than we are. Ay, there is the rub, for behind the façade of an anti-patronizing hypothesis lies a seriously insidious assumption: when people predict some economic variable (e.g. inflation, wheat prices, the price of some share), their errors are random — untheorizable, unpatterned, uncorrelated.

It only takes a moment’s reflection to see that anyone espousing EMH and REH cannot possibly expect recessions, let alone crises. Why? Because recessions are systematic events. However surprising when they hit, they unfold in a patterned manner, each of its phases being highly correlated with what preceded it. So, how does a believer in EMH-REH respond when her eyes and ears scream to her brain: Recession, Crash, Meltdown? The answer is: by turning to RBCT for a comforting explanation. So, here it is:

RBCT: Taking EMH and REH as its starting point, the theory portrays capitalism like a well-functioning Gaia. Left alone it will remain harmonious and never go into a spasm (like that of 2008). However, it may well be “attacked” by some “exogenous” shock (coming from a meddling government, a wayward Fed, heinous trades unions, Arab oil producers, aliens, etc.) to which it must respond and adapt. Like a benevolent Gaia responding to a large meteor crashing into it, capitalism reacts efficiently to exogenous shocks. It may take a while for the shockwaves to be absorbed, there may be many victims on the way but, nonetheless, the best way of handling the crisis is letting capitalism get on with it, without being subjected to new shocks administered by self-interested government officials and their fellow travelers who pretend to be standing up for the common good.

In a sense, each of the three hypotheses is a different incarnation of a touching faith that markets know best, both at times of tranquility and in periods of crisis. You and I may think that this is just madness, but it is a lot more than that. At the political level it is the rationale behind powerful forces ranging from the Tea Party to the Bundesbank, from the UK coalition government’s self-imposed austerity to the austerity imposed upon the Greek government by the IMF-Eurozone-ECB troika. This dangerous self-delusion is founded on a hidden analytical bond: each tentacle of the EMH-REH-RBCT nexus presupposes that for the price of every different type of financial asset there exists (what statisticians refer to as) a unique sufficient statistic. One that the market converges toward, albeit in a noisy manner. But, as Poincaré knew, it is pure folly to presume that such unique statistics exist without first having established the laws that govern the determination of prices. And since in capitalist societies these laws are radically indeterminate, the very foundation of the EMH-REH-RBCT nexus is rotten to the core.

Anyone who brings a fresh pair of eyes to the EMH-REH-RBCT nexus should arrive very quickly at the firm conclusion that it is a childish theory upon which to found an analysis of capitalism. And yet it condemned a whole generation of economists to thinking of the most complex, disintegrated, precariously balanced period in the history of capitalism, the 1971-2008 period, as the era of an equilibrium-bound Gaia gallantly and successfully working out of its system all externally induced non-economic shocks.”

Varoufakis, Yanis. 2010. “The Econobubble Revisited.” MRZine, October 26.

Varoufakis continues on to describe how this piss-poor “science” was widely marketed because it supported the US’s post-1970 political-economic strategy of expanding budget and trade deficits, and paying for them with capital inflows from the rest of the world (see also Dumenil & Levy).


Luckily for us, Varoufakis is on a roll…

On Oct 23, 2010, Varoufakis gave a great radio interview with Doug Henwood on the current unfolding of the capitalist crisis.


On Oct 17, 2010, Varoufakis published (with a nod to Marx & more recently, Zizek) “First as History, Then as Farce: The Euro Crisis Revisited,” at MRZine.


Old Cold Warriors Don’t Die, They Just Become Pro-Tyranny Communications Professionals

And you thought, hoped, dreamed the Cold War was over. Well, not on the New York Times’ watch, baby.

The New Pravda (New York Times) published on November 24 a creepy Simon Romero “article” positively crowing over Chavez’s recent electoral losses to Venezuelan elites. Can the NYTimes not once tone down the overbearing propaganda on the subject of Chavez? Holy fucking shit. Pretend you’re not the Wall Street Journal. I know this junk is fed to you by your sanctimonious, over-entitled, Harvard-classmate Venezuelan elite buddies, but the professional communications on this matter is just really, really ugly. It is completely untrustworthy from any perspective other than that of a Shell shareholder or a 5,000 acre ranch-owning Venezuelan media tycoon. Think of your poor, educated middle class American audience, won’t you? Just a little, tiny bit of respect. Publishing such heavy-handed right-wing dogma makes your liberal postures on other issues look alarmingly superficial. Scratch under the surface of a liberal, and all of a sudden it’s Pinochet, Franco, and the Contras…and we’re waterboarding away!

Providing a bit of relief, constitutional lawyer-turned-journalist Glenn Greenwald dresses the NYTimes down a bit for some of this propaganda overkill in “Mumbai, the NYT’s revisionism, and lessons not learned” (Salon.com, November 28), as well as the NYT’s anti-law/pro-torture slant, in “How the media talks about torture and the rule of law.”

Economists Robert Chernomas and Ian Hudson (who co-authored “Social Murder,” a very readable analysis and critique of conservative economics, published out of Winnipeg by Arbeiter Ring Press) are soon publishing a contemporary-historical examination of the New York Times’ politics, featuring a look at the history of the NYT’s hoary verbal savaging of social democratic countries.

US oil capital to colonize European science

Adam, David. 2005. Oil industry targets EU climate policy. The Guardian, December 8.

Lobbyists funded by the US oil industry have launched a campaign in Europe aimed at derailing efforts to tackle greenhouse gas pollution and climate change.Documents obtained by Greenpeace and seen by the Guardian reveal a systematic plan to persuade European business, politicians and the media that the EU should abandon its commitments under the Kyoto protocol, the international agreement that aims to reduce emissions that lead to global warming.

The disclosure comes as United Nations climate change talks in Montreal on the future of Kyoto, the first phase of which expires in 2012, enter a critical phase. The documents, an email and a PowerPoint presentation, describe efforts to establish a European coalition to “challenge the course of the EU’s post-2012 agenda”. They were written by Chris Horner, a Washington DC lawyer and senior fellow at the rightwing thinktank, the Competitive Enterprise Institute, which has received more than $1.3m (£750,000) funding from the US oil giant Exxon Mobil. Mr Horner also acts for the Cooler Heads Coalition, a group set up “to dispel the myth of global warming”.

The PowerPoint document sets out plans to establish a group called the European Sound Climate Policy Coalition. It says: “In the US an informal coalition has helped successfully to avert adoption of a Kyoto-style program. This model should be emulated, as appropriate, to guide similar efforts in Europe.”

During the 1990s US oil companies and other corporations funded a group called the Global Climate Coalition, which emphasised uncertainties in climate science and disputed the need to take action. It was disbanded when President Bush pulled the US out of the Kyoto process. Its website now says: “The industry voice on climate change has served its purpose by contributing to a new national approach to global warming.”

In January Sir Robert May, the former government chief scientist who stepped down as president of the Royal Society last week, warned in the Guardian that US lobby groups with links to the oil industry were turning their attention to the other side of the Atlantic. He wrote that a “lobby of professional sceptics who opposed action to tackle climate change” were targeting Britain because of its high profile in the debate.

Countries signed up to the Kyoto process have legal commitments to reduce greenhouse gas emissions. Oil and energy companies would be affected by these cuts because burning their products produce most emissions.

The PowerPoint document written by Mr Horner appears to be aimed at getting RWE, the German utility company, to join a European coalition of companies to act against Kyoto.

The document says: “The current political realities in Brussels open a window of opportunity to challenge the course of the EU’s post-2012 agenda.” It adds: “Brussels must openly acknowledge and address them willingly or through third party pressure.”

It says industry associations are the “wrong way to do this” but suggests that a cross-industry coalition, of up to six companies each paying €10,000 (£6,700), could “counter the commission’s Kyoto agenda”. Such a coalition could help steer debate, it says, by targeting journalists and bloggers, as well as attending environmental group events to “share information on opposing viewpoints and tactics”.

RWE says it met Mr Horner earlier this year but that they have not taken the idea forward.

In the email, dated January 28 this year, Mr Horner describes Europe as an “opportunity”. He says it “would be like Neil Armstrong, it’s a developing untapped frontier”. He adds: “US companies need someone they can trust, and it’s just a den of thieves over there.”

false "intelligence" in vietnam war too

From Shane, Scott. 2005. “Vietnam war intelligence ‘deliberately skewed,’ secret study says.” The New York Times, Friday, December 2.

In 1964, the National SecurityAgency (NSA) told officials and the public that North Vietnamese ships had attacked American destroyers in the Gulf of Tonkin. Immediately, on August 4, 1964, President Johnson authorized airstrikes to “retaliate” for the “attack”. This expanded the American commitment to the Vietnam War.

The 1964 Gulf of Tonkin incident never happened.

We do not yet know who engineered or authorized the false Gulf of Tonkin story.

NSA historian Robert J. Hanyok’s research uncovered the lie. “The overwhelming body of (intelligence) reports, if used, would have told the story that no attack had happened,” his 2001 study finds. “So a conscious effort ensued to ‘demonstrate’ that an attack occurred.”

Many of the NSA’s 30,000 employees had not considered the release of false intelligence ethical, and when historians submitted a Freedom of Information (FoI) request to see Hanyok’s study in 2003, the NSA worked to make the study and the research documents available to the public. They are now available at http://www.nsa.gov/vietnam/index.cfm.