Reading

Created
Sat, 07/01/2023 - 16:48
Back in the Paleolithic days of blogging, I got interested in the relationship between philosophical thought and political action, particularly in the cases of Hayek and Heidegger and their support for Pinochet and Hitler respectively. I think the evidence is in on Hayek (see here and here), so I won’t discuss it further. In Heidegger’s […]
Created
Sat, 07/01/2023 - 15:34

Contrary to the popular perception of Los Angeles as a youth paradise, with surfing and an “endless summer” of partying, LA in the 1960s was a hothouse of activism. The book Set the Night on Fire: L.A. in the Sixties by American Marxist Mike Davis and Jon Wiener is its history.

The post LA’s 1960s rebellion a guide to the fire next time appeared first on Solidarity Online.

Created
Sat, 07/01/2023 - 14:25
Towards the end of Dreamers and Schemers, his ‘political history of Australia’, Frank Bongiorno tells us that the term ‘democracy sausage’ first entered public discourse in 2012. The date, he suggests, is significant, for while the coinage seemed on one level to speak to the relaxedness and egalitarianism of the Australian electorate, and even to a sense of celebration and fun as regards the institutions of democracy, its introduction coincided with a sharp decline in public trust in politicians and the political process.
Created
Sat, 07/01/2023 - 10:00
Which side are they on? This has been very interesting to watch. They literally didn’t know what to do. So they did everything. Yeah, they just love democracy in action — unless a Democrat wins in which case it’s obviously cheating and requires many more restrictions. The right wing media didn’t know how to read this because the fact is that the entire GOP caucus is very extreme and they are basically on both sides. So they went both ways, sometimes during the same program. Some Fox hosts were concerned that the Republicans looked foolish but they’ve since realized that their audience doesn’t care about looking foolish. I mean, come on. This is a party, a media and a movement that has been genuflecting to Orange Julius Caesar for the past six years. Clearly, looking like a bunch of clowns is not a problem for them. By the way …
Created
Sat, 07/01/2023 - 09:40
Inflation is coming down, but no thanks are due to the Fed for the trend reversal.

The Lens
The Fed Should Take Credit and Go Home
Stephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S. Senate Budget Committee, and an economic adviser to the 2016 presidential campaign of Senator Bernie Sanders