Category: Economics

Justly shore ’em upJustly shore ’em up

Tetman Callis 0 Comments 5:47 am

“That Congress has the power to regulate the currency of the country can hardly admit of doubt; and that a judicious measure to prevent the deterioration of this currency, by a reasonable taxation of bank circulation or otherwise if needed, seems equally clear.  Independently of this general consideration, it would be unjust to the people at large to exempt banks, enjoying the special privilege of circulation, from their just proportion of the public burden.” – Abraham Lincoln, “To the Senate and House of Representatives”

Toiling upToiling up

Tetman Callis 0 Comments 6:19 am

“No men living are more worthy to be trusted than those who toil up from poverty—none less inclined to take, or touch, aught which they have not honestly earned.  Let them beware of surrendering a political power which they already possess, and which, if surrendered, will surely be used to close the door of advancement against such as they, and to fix new disabilities and burdens upon them, till all of liberty shall be lost.” – Abraham Lincoln, “Annual Message to Congress,” December 3, 1861

Straightening the relationsStraightening the relations

Tetman Callis 0 Comments 6:49 am

“Labor is prior to, and independent of, capital.  Capital is only the fruit of labor, and could never have existed if labor had not first existed.  Labor is the superior of capital, and deserves much the higher consideration.  Capital has its rights, which are as worthy of protection as any other rights.  Nor is it denied that there is, and probably always will be, a relation between labor and capital, producing mutual benefits.  The error is in assuming that the whole labor of community exists within that relation.” – Abraham Lincoln, “Annual Message to Congress,” December 3, 1861

Getting in the the way of good governmentGetting in the the way of good government

Tetman Callis 0 Comments 5:48 am

“America’s commercial and military competitors are nations that have far fewer qualms about using government to promote their goals and that view government and the market as partners in a common project of national development. At home, the future of the economy depends on public investments in R&D and infrastructure by the federal government as well as state and local governments. And the most efficient parts of the American safety net are those that are purely federal, like Social Security and Medicare, not crippled and dysfunctional federal-state hybrids like Medicaid.” – Michael Lind (from John Stoehr interview in Boston Review)

Here’s looking at youHere’s looking at you

Tetman Callis 0 Comments 6:06 am

“We have come to take for granted comprehensive lateral surveillance. We have grown used to regarding friends as also spies, whose allegiance is uncertain; they are agents who are liable to identify us in photographs, keep tabs on our whereabouts, spread misinformation or disinformation in permanent, public forums on our behalf — or to our detriment, who can be sure? Even intimates can become inadvertent double or triple agents in the infinite regress of strategies and counterstrategies in our intricate social-media self-presentations, which we can never really be sure aren’t false-flag operations. Why do people share what they share? And since they know I will be asking that question, how has that affected their choice to express that enthusiasm over that Stanley Cup playoff game, or Obama’s kill list, or the kale they had for dinner? How do I respond? Everything is a move in a complicated game that social-media surveillance makes sure we are always playing. Control over even our own identity slips away from us, as we lose sense of what is spontaneous and what is mere tactical performance in the midst of such recursive reflexivity. We sense our own fragile fakeness, which can only confirm our suspicions of others.” – Rob Horning, “Agents Without Agency”

A usual cruel punishmentA usual cruel punishment

Tetman Callis 0 Comments 7:31 am

“Every day, at least fifty thousand men—a full house at Yankee Stadium—wake in solitary confinement, often in ‘supermax’ prisons or prison wings, in which men are locked in small cells, where they see no one, cannot freely read and write, and are allowed out just once a day for an hour’s solo ‘exercise.’  (Lock yourself in your bathroom and then imagine you have to stay there for the next ten years, and you will have some sense of the experience.)” – Adam Gopnik, “The Caging of America”

Welcome to LockuptownWelcome to Lockuptown

Tetman Callis 3 Comments 6:59 am

“For most privileged, professional people, the experience of confinement is a mere brush, encountered after a kid’s arrest, say.  For a great many poor people in America, particularly poor black men, prison is a destination that braids through an ordinary life, much as high school and college do for rich white ones.  More than half of all black men without a high-school diploma go to prison at some time in their lives.  Mass incarceration on a scale almost unexampled in human history is a fundamental fact of our country today—perhaps the fundamental fact, as slavery was the fundamental fact of 1850.  In truth, there are more black men in the grip of the criminal-justice system—in prison, on probation, or on parole—than were in slavery then.  Over all, there are now more people under ‘correctional supervision’ in America—more than six million—than were in the Gulag Archipelago under Stalin at its height.  That city of the confined and the controlled, Lockuptown, is now the second largest in the United States.” – Adam Gopnik, “The Caging of America” (emphasis in original)

We’re all girls nowWe’re all girls now

Tetman Callis 0 Comments 7:19 am

“That spirit of performativity you have about your citizenship now? That sense that someone’s peering over your shoulder, watching everything you do and say and think and choose? That feeling of being observed? It’s not a new facet of life in the 21st century. It’s what it feels like for a girl.” — Rahel Aima, “Desiring Machines”

Pretty people earn morePretty people earn more

Tetman Callis 2 Comments 8:42 am

“In the world of women’s work, how one looks is as important, if not more important, than what one does: The existential anxiety of identity creation is also economic and social anxiety, because the penalties for nonconformity are so high. Feminine mystique becomes identity itself. The woman who does not possess it, the ugly woman, the overweight woman, the older woman, the woman of color who will not straighten her hair or bleach her skin, is assumed, in a very real sense, to be invisible. She is overlooked on the street, at parties, on dating websites, at job interviews. She is dogged by a feeling of unreality; she does not exist, and if she dares to ‘be herself,’ she is stunned to find that, since her social legitimacy is contingent on artifice, that self is not a legitimate social construct.” — Laurie Penny, “Model Behavior”

Penalties assessed for failure to complyPenalties assessed for failure to comply

Tetman Callis 2 Comments 6:59 am

“When beauty becomes mandatory, it ceases to be about fun, about play. Dressing up, playing with gender roles, doing your braids badly in the mirror, and eating half your mother’s lipstick in an attempt to get it on your face: Do you remember when that used to be fun? And do you remember when it stopped? Like any game, the woman game stops being fun when you start playing to win, especially if you’ve got no choice: Win or be ridiculed, win or become invisible, dismissed — disturbed.” — Laurie Penny, “Model Behavior”

Dissizda samizdatDissizda samizdat

Tetman Callis 0 Comments 6:37 am

“To take a physical object out of someone’s possession is clearly not equivalent to making a copy for oneself while leaving all other copies untouched. If the right of physical property grants the right to control a particular copy of an object — a particular pair of Nike shoes, for example — the right of intellectual property instantiates the far broader power to control all copies of an idea or a software program or a work of art. Whether this extension is valid and justified, and whether it should fall within the same legal and rhetorical purview that addresses physical property, is ultimately a matter of cultural norms and political struggle.” — Peter Frase, “Phantom Tollbooths”

World of poachers poachingWorld of poachers poaching

Tetman Callis 0 Comments 4:21 am

“Beneath its frontier rhetoric of individualism and autonomy, capitalism is founded on the exercise of state power to defend the institution of private property. Its model of generalized commodity exchange presupposes a novel world in which everything is parceled into discrete chunks and tagged with the name of its owner. This way of seeing things does not come automatically to human societies; constructing a world of private property entails both state violence and ideological propagandizing.” — Peter Frase, “Phantom Tollbooths”

The cascading double-dog daresThe cascading double-dog dares

Tetman Callis 0 Comments 10:03 am

Ninety-eight years ago on this very day the so-called Great War (aka, the World War, aka the First World War) “broke out,” as wars are said to do.  How did this misfortune come about?  Through an unstoppable cascade of double-dog dares, to wit:

A Serbian nationalist assassinated an Austrian (aka, Austro-Hungarian) duke;

The Austrians (aka, Austro-Hungarians) demanded some stuff from the Serbians for reparations;

The Serbians said, No way, man;

The Austrians (aka, Austro-Hungarians) said, You don’t give over, we’re going to attack;

The Serbians said, So attack, we double-dog dare you;

The Russians said to the Austrians (aka, Austro-Hungarians), We be friends with the Serbians and if you be attacking them, we be attacking you;

The Austrians (aka, Austro-Hungarians) said, So attack, we double-dog dare you;

The Germans said to the Russians, We be friends with the Austrians (aka, Austro-Hungarians, though we prefer the Austrians) and if you be attacking them, we be attacking you;

The Russians said, So attack, we double-dog dare you;

The French said to the Germans, We be friends with the Russians, since their dukes and duchesses and stuff all speak French, and if you be attacking them, we be attacking you;

The Germans said, So attack, we double-dog dare you;

The British, who more or less wanted to stay out of things–or, truth be told, wanted to play all these other folks off against each other so they could scoop up the pieces–said, We don’t really have a dog in this fight, but we do be friends with the Belgians so if anyone (and Germans, we mean you) thinks to march through Belgium to get to, oh, let’s say France, perchance, well, you see, it would be a terrible bother, but we can’t see how we would have any choice other really, than to come to their aid, what with it being impolite to do otherwise;

To which the Germans said, We double-dog dare you, you irrelevant English swine (which was fisticuffs-provoking insult to those British who were not English).

All the double-dog dares being in place and ignored, the attacks and counterattacks and countercounterattacks and countercountercounterattacks ad nauseam began and forty million (40,000,000) dead people later they ended.  Along the way, Japan and the United States entered the war, also as part of the double-dog-dare cascade, to wit:

Japan saw an opportunity to pitch in with the what were called Allies and scoop up German territories in the Pacific.  They double-dog dared the Germans to try and stop them, to which the Germans muttered, We cannot stop you, all our dogs are in other fights.

The United States just wanted to make money and when the Germans started fucking with the money-maker by sinking United Stateser ships, the United States said, Stop it or we’ll pitch in with the what are called Allies and we will show you a thing or two.

The Germans said, You are degenerate Americans and we double-dog dare you.

So the degenerate Americans from the United States Thereof pitched in and the what were called Allies won and the decline of Western Civilization, which began on this date ninety-eight years ago, continued apace, with the American Empire coming along after yet a second world war (they couldn’t get it right the first time?) to shine and burn brightly as the final efflorescence of what for a half-millennium had been a powerful civilization pretty full of itself but quickly at its end going to the dogs.

Lemmings on paradeLemmings on parade

Tetman Callis 0 Comments 6:52 am

“‘The market’—like ‘dialectical materialism’—is just an abstraction: at once ultra-rational (its argument trumps all) and the acme of unreason (it is not open to question).  It has its true believers—mediocre thinkers by contrast with the founding fathers, but influential withal; its fellow travelers—who may privately doubt the claims of the dogma but see no alternative to preaching it; and its victims, many of whom in the US especially have dutifully swallowed the pill and proudly proclaim the virtues of a doctrine whose benefits they will never see.” – Tony Judt, “Captive Minds”

Souls on saleSouls on sale

Tetman Callis 2 Comments 7:33 am

“Something is profoundly wrong with the way we live today.  For thirty years we have made a virtue out of the pursuit of material self-interest: indeed, this very pursuit now constitutes whatever remains of our sense of collective purpose.  We know what things cost but have no idea what they are worth.  We no longer ask of a judicial ruling or a legislative act: Is it good?  Is it fair?  Is it just?  Is it right?  Will it help bring about a better society or a better world?  Those used to be the political questions, even if they invited no easy answers.” – Tony Judt, “Ill Fares the Land” (emphasis in original)

In the land of mochaIn the land of mocha

Tetman Callis 0 Comments 6:57 am

“Under our Constitution there can be no such thing as either a creditor or a debtor race.  That concept is alien to the Constitution’s focus upon the individual.  To pursue the concept of racial entitlement–even for the most admirable and benign of purposes–is to reinforce and preserve for future mischief the way of thinking that produced race slavery, race privilege and race hatred.  In the eyes of government, we are just one race here.  It is American.” — Anthony Scalia, Adarand Constructors, Inc. v. Mineta, 534 U.S. 103 (1995)

This weekend only! One fully realized self for the price of two! Get yours now!This weekend only! One fully realized self for the price of two! Get yours now!

Tetman Callis 2 Comments 7:04 am

“Our system has relentlessly denied the role of any human practice that cannot be monetized.  The capitalist apparatus has worked tirelessly to commercialize everything, to reduce every aspect of human life to currency exchange.  In such a context, there is little hope for the survival of the fully realized self.” – Freddie deBoer, “The Resentment Machine”

Pitchin’ the fantodPitchin’ the fantod

Tetman Callis 6 Comments 2:23 pm

I gotta get rant-a-rific here for a few.  I just got off the phone with a major American airline which I won’t embarrass by naming outright, but if you like, you could say its name rhymes with benighted.  I was on the phone with them for a fucking hour trying to correct, or verify the correction of, a $75 mistake they made.  And when I say I was on the phone for an hour, that means I was on hold for most of that time, listening to an endless loop of Rhapsody in Blue, except for the two times early on when the menu selections I made failed because those parts of this Dinosaur Corp.’s phone system no longer work, and the few minutes toward the end of this when I finally got to speak to a person (who was actually in the United States, which pleases me, atavistic chauvinist that I sometimes am (an effect of growing older, methinks)).

A fucking hour.  It’s like I was dealing with an obscure bureau in some third-world country, address 1984 Kafka Avenue in Downtown Chaotica.  An hour!  A major airline!  Now, I’m an old but I’m not ancient.  I’m well over a decade away from retirement, should I in fact be able to retire.  I well remember a time when in this country–in this country, boys and girls–that simply never would have happened.  Americans had more pride than to pretend to run a business where people were kept waiting on the phone for an hour.  I like to think we still do, but here I am dancing the Whiskey Tango Foxtrot to a tune I don’t recall having any part in calling, and it’s a whistling past the graveyard for anyone to think it doesn’t matter that major businesses are run that way.  Look around.  See all the crumbling?  Yeah, we sure as shittin’ all do.  Anyone care to dance?

And at the end of it all, the poor soul who tried to help me, bless her heart, couldn’t provide any sort of verification that the problem had actually been solved, even though she said she’s pretty sure it was.  But that’s not acceptable.  It’s not acceptable to run a business like that, or a government like that, or a school like that, where there’s no one on duty, no one who can assist, no one who knows what’s going on, no one to take responsibility, no one who is willing and able to get to the bottom of things, no one to step up and say, We can fix this–we are better than this.  It’s time to clear away the rot.

More sugar!More sugar!

Tetman Callis 3 Comments 5:01 am

“A color-coded map of American personal indebtedness could be laid on top of the Centers for Disease Control’s color-coded map that illustrates the fantastic rise in rates of obesity across the United States since 1985 without disturbing the general pattern.  The boom in trading activity in individual stock portfolios; the spread of legalized gambling; the rise of drug and alcohol addiction; it is all of a piece.  Everywhere you turn you see Americans sacrifice their long-term interests for a short-term reward.” – Michael Lewis, Boomerang