Congress

The Six Republican SCOTUS Nominees That Didn’t Make the Cut

Published by Anonymous (not verified) on Fri, 12/10/2018 - 6:00pm in


A real woman! An ethnic type TBD! What a playing field.

It’s Not ALL Bad

Published by Anonymous (not verified) on Wed, 10/10/2018 - 6:00pm in


Supreme Court silver lining.

Care For the Kavanaugh-Afflicted Woman

Published by Anonymous (not verified) on Fri, 05/10/2018 - 5:00pm in


Want to show the women in your life that you care? Here are some tips!

The Poison Beer of GDP

Published by Anonymous (not verified) on Thu, 04/10/2018 - 7:51am in

 

By Herman Daly, CASSE Economist Emeritus – October 3, 2018

Disaggregating reported GDP growth to reveal the differences in growth by income class, as per the Schumer-Heinrich Bill, is a good idea. After all, telling us, say, that average income grew by 4% is not nearly as informative as telling us that the richest ten percent received the entire growth increment while the bottom ten percent suffered a decline in income. Average income and growth rates are like the famous recipe for “50% rabbit stew”—one rabbit, one horse. We already know the extreme inequality in the distribution of wealth, of income, and of the growth increment, even without the Schumer-Heinrich Bill. However, if that information is incorporated every time new GDP figures are reported it will be much harder to ignore. Of course, that is exactly why the bill will be opposed by those who want us to believe that we are all getting 4% better off every year or that “a rising tide lifts all boats”, when in fact a rising tide in one place means an ebbing tide somewhere else.

Once we correct GDP for ignoring distribution, then perhaps we can go on to correct other defects, such as the fact that it adds defensive expenditures made to protect ourselves from the unwanted costs of growth (pollution, depletion, congestion, crime, etc.) while failing to subtract as a cost the damages that made the defensive expenditures necessary in the first place. For example, damages caused by an oil spill are not deducted, but expenditures to clean up the spill are added; depletion of soil fertility is not deducted, but expenditure on fertilizer is added, etc.

In addition, the very concept of income in economics is defined as the maximum amount that a community can consume this year and still produce and consume the same amount again next year, and the years after. The income from a fishery is its sustainable catch; the income from a forest is its sustainable cut. Consuming more than that is capital consumption, not income. Yet, as far as GDP is concerned, we can cut the entire forest and catch every fish this year and count it all as income—there is no rule against counting consumption of natural capital as income in GDP accounting.

If our main goal is to increase GDP rapidly, then we will not want to slow it down for concern about equity of distribution, or by correcting the asymmetric accounting of defensive expenditures, or by correcting the fundamental economic error of counting capital drawdown as income.  Maximizing GDP growth will lead to less concern for distributional equity, more depletion and pollution, and more consumption of natural capital.

I am reminded of a story told by G. K. Chesterton. A pub was serving poison beer and customers were dying. Alert citizens petitioned the local magistrate to close down the offending establishment. The cautious magistrate said, “You have made a convincing case against the pub. But before we  can do something so drastic as closing it down, you must consider the question of what you propose to put in its place…”.  Contrary to the magistrate you don’t need to put anything in the pub’s place. Nor is it really necessary to put anything in the place of the poison beer of GDP. As it happens, however, there are in fact better things to put in its place, such as the Index of Sustainable Economic Welfare, National Welfare Index, and Genuine Progress Indicator.

Herman DalyHerman Daly is an emeritus professor at the University of Maryland School of Public Affairs and a member of the CASSE executive board. He is co-founder and associate editor of the journal Ecological Economics, and he was a senior economist with the World Bank from 1988 to 1994. His interests in economic development, population, resources and environment have resulted in more than 100 articles in professional journals and anthologies, as well as numerous books.

The post The Poison Beer of GDP appeared first on Center for the Advancement of the Steady State Economy.


Suburban Dictionary

Published by Anonymous (not verified) on Wed, 03/10/2018 - 5:00pm in


Lost in the weeds with “Boof” and “Ralph Club”? The SCOTUS nominee has got you covered.

Brett is Bent Out of Shape

Published by Anonymous (not verified) on Tue, 02/10/2018 - 5:00pm in


All the men are screaming about Brett Kavanaugh.

A Very Comprehensive Investigation

Published by Anonymous (not verified) on Tue, 02/10/2018 - 5:00pm in


Would anyone besides a man like Brett Kavanaugh be taken seriously acting like he does?

Illustrated Letters to the Editor - October 2, 2018

Published by Anonymous (not verified) on Tue, 02/10/2018 - 5:00pm in


Readers chime in about Brett Kavanaugh’s temper tantrum.

Former Congresswoman Cynthia McKinnon Talks to PressTV about AIPAC

Cynthia McKinnon is another Black female politico that the Israel lobby has tried to silence. She was an American congresswoman, whose career was targeted and destroyed by AIPAC, the very well-funded and powerful pro-Israel lobby group in the US, because she refused to sign the pledge they foist on American politicians. This pledge is an agreement that they’ll support Israel in return for funding from AIPAC. She was also targeted because she tried to reach out to the Muslim community in the US.

In this video, she talks to Press TV’s Marzieh Hashemi. McKinnon states that she went to Congress simply to concentrate on the Black community, who were in need, and America’s policy towards Africa, which she describes as abhorrent. She wasn’t interested in any other areas. But she bumped into special interests at every turn, and none of them have more influence than the pro-Israel lobby. She states that she bumped into the Israel lobby when she tried to reach out to the Muslims, because what they really didn’t want was a politicised Muslim community, which is as large and as wealthy as the pro-Israel lobby. She said that the political assaults on her were so bad that he father had to ask publicly ‘What does Stone Mountain, Georgia, have to do with Israel?’ She says with justifiable passion that she was prevented from serving her community because she did not toe the line on America’s policy towards Israel.

She describes how every candidate for Congress was given a pledge to sign, including herself. The pledge had Jerusalem as the capital city and the military superiority of Israel. She said that this was almost like water-torture for her. She would receive a phone call from someone saying that they wanted to organize a fund-raiser for her, she’d get excited about it, and then two or three weeks into the planning they’d ask her if she signed the pledge. And when she admitted she hadn’t, the fundraiser would go ‘kaput!’

She also says that the pledge also commits you to voting to support the economic assistance the country wants. Hashemi makes the obvious point that this means that American politicians, who are supposed to be representing their country, are pledging allegiance to a foreign state. McKinnon agrees, and says that she made it public, which nobody had probably done before. And then came the excuses that this was just overzealous advocates for Israel.

After she did this, the tactics changed. But this is what is done for the 535 members of Congress, 100 senators, 435 representatives, now have to write a paragraph, more or less amounting to the same thing. You are also expected to attend forums at the synagogues. If you don’t perform, you don’t get the money to run your campaign. It doesn’t matter if this is women’s organization or an environmental organization. She says that you can read about this on the internet, and directs the viewers to Thomas.loc.gov, the official US website, and put in the name ‘Gus Savage’, because Savage was a Black member of Congress, who was targeted by the Israel lobby. He had the foresight to put his experience on the Congressional record. Savage wrote that it was the Garden Club of New Jersey that gave his opponent $5,000. But it wasn’t really the Garden Club of New Jersey, but the activists associated with AIPAC.

McKinnon then moves on to talking about how she represented many different districts over her career, as her opponents used re-districting to try to eliminate her from Congress. Her original district comprised rural Blacks in what she describes as the Black belt of Georgia. These are people, who have never had access to equal opportunity at all. She said that when she went into that district, she found such poverty that she didn’t know existed in her own country. There were people in that district, in 1992, who didn’t have running water in their homes. She says that in the four years she was in Congress, she was able to bring Blacks into areas of power, which they never thought they could possess. And then the district was dismantled. It was challenged in the Supreme Court with the assistance of the Anti-Defamation League.

Hashemi notes that she lost the last election, thanks to the Zionist lobby, and asks her what her plans are. McKinnon states that she has a target on her forehead for taking the political positions she did, for supporting human rights and the Palestinians. This means that the Israel lobby will use whatever means to stop her occupying a position of authority. She states that fortunately for her, there is a very large peace community that is interested in change, that would like to have a tested, experienced voice in Congress so that at least they could have their voices heard, even if they can’t get the policy changed. The problem for her is that it will require an awful lot of money. She doesn’t have to match the others, because she is able to amass and organize people power. But even with that you need a lot of money to cover the basis of a political campaign – this is a minimum of $500,000 and could do great things with a million.

This video has much to say about the rotten state of contemporary American politics, quite apart from the pernicious influence of AIPAC. It’s disgusting enough that this clearly capable and efficient woman was prevented from serving her constituency and the Black American community because she dared to defy the Israel lobby and support American Muslims and the Palestinians.

I am also not surprised by what she says about the grinding poverty she found in rural America. One of the alternative American news shows, I can’t remember whether it was the David Pakman Show or Sam Seder’s Majority Report a little while ago tore into Trump’s speech, where the Orange Buffoon said that if he wasn’t successful, America would become a ‘Third World country’. They said that there were areas of America that already had that level of poverty, and not even of the most developed and prosperous countries within the Developing World.

And these area’s aren’t always Black. One of the poorest, if not the poorest, is a southern country where the population is 98 per cent White. But these folks vote Republican, partly because the Repugs tell them that the Blacks are dependent on welfare and state intervention in the economy. And this needs to be stopped, in order to turn Black Americans into sturdy, self-reliant citizens. The result is that the aid that could also give these people work and jobs is also cut, throwing them on welfare as well.

As for redistricting, I’m not surprised to hear about this either. Both Democrats and Republicans have gone in for voter suppression, and the Tories in this country are following the Americans in introducing legislation to stop the poor, students and ethnic minorities from voting under the pretext of stopping voter fraud. And the Tories over here are also talking about redrawing constituency boundaries, just like they redrew them under Thatcher to stop Labour getting a bigger percentage of the vote.

The Israel lobby has to be opposed and fought. But there’s also a strong argument for getting corporate money out of politics, so politicians return to serving their constituents rather than donors. And also for uniting Black and White – seeing that the Republicans and Conservatives in America and Britain are using racial prejudice to divide working people and keeping them down.

The Past is The Past

Published by Anonymous (not verified) on Tue, 25/09/2018 - 5:00pm in


Where would we be as a society if we used mistakes you make as a teen to ruin your whole life?

Pages