Showing posts with label on tyranny. Show all posts
Showing posts with label on tyranny. Show all posts

Tuesday, November 5, 2024

Bidenomics Works--Part II

 Popular Economics Weekly


September’s unemployment rate remained at 4.1 percent but reported just 12,000 new payroll jobs due to the hurricanes and Boeing aircraft strike of 30,000 machinists.

Total nonfarm payroll employment was essentially unchanged in October (+12,000), following an average monthly gain of 194,000 over the prior 12 months, said the BLS. In October, employment continued to trend up in health care and government. Temporary help services lost jobs. Employment declined in manufacturing due to strike activity.

That makes it a sure thing the Fed will continue to lower short-term rates at their November FOMC meeting. Also that economic growth will continue into the new year.

Health care added 52,000 jobs in October, in line with the average monthly gain of 58,000 over the prior 12 months. Governments added 40,000 jobs but manufacturing lost 46,000 jobs, which is probably because of the Boeing strike.

Calculated Risk’s graph shows us just how good President Biden’s Bidenomics policies have been. More than 16 million jobs have been created since January 2021 as we returned to work from the brief COVID-19 pandemic shutdown.

But with the Presidential election upon us, our future prosperity is still in doubt. We should take Elon Musk at his word when he said at the Madison Garden rally that he would cut at least $2 trillion from the federal budget if Trump wins, and he is appointed efficiency czar. It would lead to economic disaster, even for his Billionaire supporters.

After all, it is mathematically impossible to cut taxes for corporations and billionaires, sustain basic programs like defense and Social Security, and lower the deficit simultaneously,” said Nobel Laureate Joseph Stiglitz in Project-Syndicate.

And we should believe what Trump says, according to Mary Trump, his niece, as Trump becomes more irrational, threatening anyone he now perceives as his enemy, including Taylor Swift, so that her boyfriend Kansas City footballer Travis Kelce has told him not to mess with his girl!

“Donald Trump is offering a vision of crony rentier capitalism that has enticed many captains of industry and finance. In catering to their wishes for more tax cuts and less regulation, he would make most Americans’ lives poorer, harder, and shorter,” said Stiglitz.

Timothy Snyder in the introduction of On Freedom, the sequel to his best-selling On Tyranny, tells us why we have a sociopath bordering on psychopathy as the Republican Party candidate for President of the United States of America.

“Deep into a century that was the stuff of dreams in the 1970s, and the subject of confident predictions in the 1990s, we find ourselves at a turning point. Whether we will be free will depend on us—not just on what we do, but on why we do it: our ideals.”

It’s a sad commentary that one of our political parties chose a leader that wants to tear down those institutions that have preserved our democracy; created properity for many; then attack the Capital on January 6 to attempt to overturn the 2020 election,.

Harlan Green © 2024

Follow Harlan Green on Twitter: https://twitter.com/HarlanGreen

Friday, October 25, 2024

The Bully Mentality--III

 ANSWERING the KENNEDYS' CALL

Why has the bullying behavior of one political party intimidated some of our most powerful men? Reports say that billionaires like Bill Gates, Warren Buffett, and JP Morgan’s Jamie Diman won’t publicly endorse Kamala Harris, even though they have donated to her campaign and say privately they will vote for her?

Timothy Snyder in his latest book, On Freedom, tells us what is necessary to actively preserve and expand freedom, rather than remain quiet, which is the choice for American voters in this Presidential election. One must put their body, not just their money, on the line to successfully oppose authoritarians, as Ukraine’s President Volodymyr Zelens’kyi has done in opposing Putin’s invasion of his land.

Snyder meant one must take a public stand, however dangerous it might seem, because freedom itself is on the line. When Snyder asked Zelens’kyi why he didn’t flee when Russian first invaded the Ukraine as many thought he would do, Zelens’kyi replied, “I could not have done otherwise.”

“He was in the company of others who were also taking risks,” said Snyder. “He understood the situation, he said, because of what it meant to represent others. A president, he said, was only the first grain of sand in a turning hourglass.”

The news that some of our wealthiest men won’t publicly endorse Harris highlights the stakes in this Presidential race, and how fearful even powerful men can be before someone who threatens retaliation, including bodily harm, against anyone who opposes him.

These men don’t understand what underlies the bully mentality of one political party that has no regard for election outcomes. Trump’s own niece has called Trump a coward, and in fact bullies do pick on the weakest who will stand down when opposed by those who stand up to them, say psychologists and psychiatrists.

I first wrote about a certain political party’s Bully Mentality in 2012. “Why do Americans have such a problem with bullies? Whether in schools, in politics, or on Internet social media? The result has been teenage suicides, horrendous school shootings by students who felt bullied or belittled, and now a whole political party that opposes anything that smacks of aiding the poorest, seniors, and less educated.”

Donald Trump’s threats of retaliation have only intensified so close to November 5. Trump aides such as General John Kelley, his Chief of Staff, says he is acting like a fascist who openly supports Russian’s Putin in his Ukraine invasion and has said he wanted “Generals like Hitler had” to put down demonstrations.

The real lessons Americans should take from such tactics of a wannabe dictator was first spelled out in Timothy Snyder’s best-seller On Tyranny:

  • #1) “Don’t obey in advance—Most of the power of authoritarianism is freely given. In times like these, individuals think ahead about what a more repressive government will want, and then offer themselves without being asked.”
  • #2) “Defend Institutions—It is institutions that help us to preserve decency. So choose an institution you care about—a court, a newspaper, a law, a labor union—and take its side.”
  • #3) “Above all believe in truth,” as without truth there is no trust, and without trust there are no effective laws, which leads to tyranny.

Candidate Donald Trump, has made a point of blatant lying, meaning he wants his followers to believe whatever he says rather than objective facts such as global warming, or size of the audience that attended his inauguration.

What better example is there of real freedom and the preservation of our democracy than President Zelens’kyi and the Ukrainian people who are literally putting their own bodies on the line in opposing the Russian bully next door; for those Americans who remain silent?

Harlan Green © 2024

Follow Harlan Green on Twitter: https://twitter.com/HarlanGreen

Wednesday, October 23, 2024

On Preserving Freedom

 Popular Economics Weekly

Freedom is not just an absence of evil but a presence of good.

Timothy Snyder in the introduction of On Freedom, the sequel to his best-selling On Tyranny, tells us why we have a sociopath bordering on psychopathy as the Republican Party candidate for President of the United States of America.

“Deep into a century that was the stuff of dreams in the 1970s, and the subject of confident predictions in the 1990s, we find ourselves at a turning point. Whether we will be free will depend on us—not just on what we do, but on why we do it: our ideals.”

We will need to return to those ideals that are the basis of our democracy to counter the nihilism displayed by a political party and candidate that is a product of the past 40 years of wealth concentration in an economic system that has led to many Deaths of Despair in the Midwest and rustbelt.

It’s a sad commentary that one of our political parties chose a leader that wants to tear down those institutions that have preserved our democracy; even attack the Capital on January 6 to overturn the 2020 election results.

I lived that ‘stuff of dreams’ in the 1970s in public service as a Peace Corps Volunteer, with Cesar Chavez’s United Farm Workers Union, the US Environmental Protection Agency and serving in my own community. I experienced the heady optimism and can-do spirit that prevailed and supported my efforts.

It was because I believed in the Peace Corps motto, Service Above Self, that its first President Sergeant Shiver adopted from Rotary International.

But citizens without that spirit have turned to leaders that promise they will serve them, if they obey the leader's rules, says Dr. Snyder.

What happened to those enduring ideals we lived by and are the foundation of our democracy? Nationalism, a relic of the past, is finding favor because many have lost faith in their democratic institutions that haven’t done enough for those that have felt disenfranchised. They no longer trust their institutions.

They have lost faith in those ideals as well, yet having faith in ideals enables one to fulfill them.

Snyder uses Russia as an example of what America could become if we don’t reaffirm our ideals this November. “In Russia, we see the transitions from the definition of freedom as the lack of barriers to a politics of fascism in which there are no barriers to the Leader’s whims.”

He faults what has happened to the American economy. “American capitalism has been driven toward monopoly, wealth concentration and decadence. Without ideals, it is impossible to be a realist. If you forget about freedom, you misunderstand the world and change it for the worst.”

Nobel laureate Joseph Stiglitz has said as much: “The rise of authoritarian populism has been most pronounced in countries where governments have done too little (to address poverty, inequality, insecurity, and so forth), not where they have done too much.”

Dr. Snyder’s antidote to the rising authoritarianism is live by our enduring values that all Americans hold—Life, Liberty and the Pursuit of Happiness—rather than succumb to the fears and prejudices that divide us.

On Freedom is an expanded sequel to On Tyranny because he tells us not only how to recognize tyranny but how to protect and expand the freedoms we already enjoy because we live in a democracy whose institutions protect fact from fiction, truth from lies; which Dr. Snyder labels as positive freedom vs. negative freedom; the value of values, vs. just the absence of barriers; a sense of togetherness rather than partisan divide.

Positive freedom is the most important value of all.

Nobel Prize-Winners Daren Acemoglu and Simon Johnson, in their new book, Why Nations Fail, have studied which countries grow and nurture a greater equality of opportunity for its citizens. It is because they have strong democratic institutions.

Jakob Svensson, chair of the Committee for the Prize in Economic Sciences, in awarding the latest Nobel memorial prize in economics to them, and Simon Johnson, said “Reducing the vast differences in income between countries is one of our time’s greatest challenges. The (Nobel) laureates have demonstrated the importance of societal institutions for achieving this."

It is a case of the exploiters; wealthy individuals who would limit freedoms to prevent the sharing of their wealth equitably, vs. those who want to expand equal opportunities for all.

Weakening those constraints on the wealthiest is how the Reagan administration and Big Business in 1980 began the deregulation of whole industries as well as financial markets. The wall was breached between commercial FDIC guaranteed banks and much more loosely regulated investment banks that enabled sophisticated investors to gamble with federally insured deposits.

Government oversight was so weakened that another Republican administration failed to carry out its core mandate of protecting Americans. The GW Bush administration failed to anticipate the 9/11 Twin Towers attack and the Great Recession that followed in the same decade.

Republican economic policies have performed badly because they have lobbied for weaker institutions; particularly in the red states they govern; as well tax cuts that have created massive budget deficits with little to show for it. These states have restricted many freedoms, such women’s right to make decisions about their own body, union organizing and minimizing health care benefits for their poorest citizens.

In fact, Republican administrations have attempted more than 30 times to repeal Obamacare, the only health care law that makes health insurance available to all Americans, regardless of preexisting conditions.

That is why “We need government to build the architecture of the American Dream, whether it be autonomous and public universities or functional public roads,” says Snyder.

Our government needs to do more to protect the constitution and our laws than we have done in the past, that Americans thought were not needed in less dangerous times.

We are at a turning point because such a ‘hands off’ attitude towards laws and regulations is allowing a Republican presidential candidate who said he admires Hitler’s generals, Vladimir Putin as a ‘genius’, and was labeled by former Chief of General Staff Mark Milley, “fascist to the core” to possibly become President again.

We need a government and laws representative of its citizens that is strong enough to make the American Dream available to all Americans for democracy to work. When it has been weakened by those wanting an autocracy over democracy, we have the partisan divide of today that is tearing Americans apart.

Concentrating all power in the hands of the few is the goal of authoritarian governments, and the purpose of weak democratic governments. It is what happened to the American economy over the past 40 years when it chose to ignore the guardrails that protected Americans.

We are at such a turning point today, says Dr. Snyder. “My kids have a chance. We all do. This world can be ever so much better.”

We can make the American Dream we believe in work for all, not the few.

Harlan Green © 2024

Follow Harlan Green on Twitter: https://twitter.com/HarlanGreen