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Tag: "Social Benefits"

HOW PEOPLE ARE FIGHTING THE WORLD'S RELIANCE ON THE WAR ECONOMY

Posted by jj on Nov 17, 2023 in Economic Justice, Environment, Newsworthy, Intersectional Issues
HOW PEOPLE ARE FIGHTING THE WORLD'S RELIANCE ON THE WAR ECONOMY
HOW PEOPLE ARE FIGHTING THE WORLD'S RELIANCE ON THE WAR ECONOMY

Many people are already investing themselves in the local peace economy as they divest from the economy of war.

By April M. Short

War is not innate to humanity; it is learned culturally, and intentional systems of peace can prevent it from happening, according to anthropological research. We are living at a critical time in the history of humanity in which preventing and divesting from war are essential to our future existence—especially given the realities of the global climate crisis and the fact that the U.S. military is the worst single polluter that exists (and not even mentioning the unspeakable potential for destruction that nuclear weapons pose). If war is cultural, then we can prevent it by intentionally moving ourselves into a culture of peace. How do we do this? We begin with ourselves. We begin to break our war economy habits, and actively divest ourselves, wherever possible, from the ways in which the war economy takes hold in our lives. And we purposefully invest ourselves at the local level in what is often called the peace economy—the caring, sharing, supportive economies that already exist all around us.

The economy of war thrives on extraction and materialism, so it has—for thousands of years, and by no accident—made trite (or violently stifled) the things that are most valuable and important about living: caring; nurturing; love; art; peace; expression; and connection with nature, our bodies, and each other. The war economy, which is the overarching economic system of our times, promotes a culture that actively devalues play and community, and overly values hard work and individualism—to the grave detriment of mental and physical health. It uplifts money hoarding, competition, and the flaunting of one’s material wealth over generosity, sharing, collaboration, and appreciation. It stifles grief and asks us to harden ourselves against the expression of feeling rather than inviting us into depths of emotion where we can realize the gift of being alive in this world, together, for just a brief time.

The results of this unsustainable and unnatural lifestyle are ugly: Clear-cut, monocropped tree farms where once thrived biodiverse FernGully-esque old grove forests in the Pacific Northwest, the Amazon, and around the world; endless mining and building projects that plunder habitats, natural wonders, and Indigenous communities; worsening mental health afflictions, an opioid addiction epidemic, and soaring suicide rates; toxic chemicals and microplastics in our soils, oceans, streams, and bloodstreams that are causing irreparable damage to the planet and our bodies; people treated like criminals for experiencing homelessness, even amidst a devastating cost of living crisis; racist, militarized police murdering people in broad daylight, and often walking free even when they’re caught on camera; hustle and greed culture and the agony that comes with living a daily grind; so much unnecessary loneliness and stress… and this list could go on and on.

But a movement is building from the commons to break with these war economy ways and replenish ways of being that are actually livable. Around the world, there are projects, people, and organizations creating solutions to the problems of our times. They are actively helping in divesting from the war economy in powerful ways. These examples of the local peace economy in action demonstrate that it is possible to create systems in which wealth and worth are rooted in equitable, community-centered care practices like health care for all, farming and feeding each other, parenting and education that are entrenched in love and engagement, and a culture that uplifts us and inspires interconnection.

The peace economy is built brick by brick, through the commitments of individual people and communities. What follows are some examples (of many more that exist worldwide) showing how people and communities are divesting from the war economy and investing in a future centered in peace, love, and aliveness:

Our globalized, Big Ag, monoculture food systems—which are monopolized by a handful of megacorporations owned by billionaires responsible for the war economy—are unraveling. The COVID-19 pandemic cast a bright light on the fragility of those systems. But the issues the pandemic exposed were present prior to 2020, and they promise to continue into the future. People in communities around the world are relocalizing food supply chains to create food sovereignty and reclaim culture in these times of fraying global food systems:

     Communities in the Pacific Northwest have been working to regionalize food supply chains through relocalized flour mills, sustainable livestock ranches, a         creative chicken farming model, and community garden programs. These efforts have paid off in creating food security for communities while also leading to           greater job opportunities and a thriving ecosystem.

     Palestinian farmers have been rekindling connections with Indigenous farming practices and creating community-supported agriculture (CSA) programs to           resist Israeli colonialism. This has helped Palestinians to reconnect with their land and economically support locally grown food.

     Black, formerly incarcerated people in Chicago are challenging the megacorporations that tend to dominate food contracting with schools and other large         facilities in America by prepping locally sourced meals for schools, nursing homes, and transitional housing. The Chicago worker cooperative ChiFresh Kitchen is       100 percent employee-owned and provides nutritious and culturally appropriate food to these institutions and facilities.

     There are many networks of Indigenous seed savers and others keeping and propagating seeds in community gardens and cooperative programs in the           U.S. and around the world. Indigenous-led communities like Seeding Sovereignty and many others are keeping their spiritual connections and cultural practices       alive through their connections with seeds, and seed savers are challenging the monocrop-based Big Ag industry that is responsible for so much deforestation         and other climate destruction. These networks have also helped bring back “Indigenous foodways that were lost during genocide and forced relocation” inflicted       by European colonizers.

     The Deep Medicine Circle in the San Francisco Bay Area, a women of color-led, worker-directed 501(c)(3) nonprofit, is one group that is rethinking health             care at its roots, and healing the ways U.S. colonial extraction is making people sick. Local community members who make up Deep Medicine Circle are creating       systems of health and care, through the lens of community food justice. They’re planting community gardens and thinking up long-term models of localized             food and community engagement that uplift indigenous practices, provide access to healthy foods in poor urban neighborhoods, and dismantle colonialist ways         of thinking and being in the world.

      Neighbors are voluntarily keeping free-food fridges stocked in cities around the world, in a mutual aid movement that gained speed in response to the          economic impacts of the COVID-19 pandemic. People have fed and cared for each other through the pandemic and beyond, creating a free-fridge movement            that has raised awareness about racial inequity in food systems.

     Sallie Calhoun’s Paicines Ranch in California is working to bring agricultural business and investment up to date with our times and closer to             nature by prioritizing ecosystem health, habitat, and the sequestration of carbon through soil practices. The project was founded with the aim of working with           the dynamic natural world to explore ways of building healthy ecosystems while growing crops and supporting community through food. Paicines Ranch is               intentionally creating a model of doing business that is focused on managing complexities rather than solving problems, and is centered on adding true value           over profits.

Outside of the food system, examples of other applications of mutual aid, social justice, creative arts, community resilience, and activism for human rights and the environment that all embrace the peace economy include:

     People are reimagining safety through alternatives to policing. Safety in the peace economy comes from the engagement of community and the                   reallocation of resources and funding into programs of care—not militarized police forces and punitive systems of justice. While many alternatives to policing           already exist, recent initiatives after the murder of George Floyd by police in May 2020 have introduced changes, both big and small, across the US, and the            global uprisings against systemic racism have led to these issues being part of the mainstream conversation.

     Creative cooperatives are reclaiming real estate and bringing access to art, living spaces, and community spaces back to marginalised Black, Indigenous,         and people of colour (BIPOC) in Oakland and elsewhere who have played an integral part in shaping the culture of cities across the US.

     Fire recovery efforts in Oregon, California, and elsewhere have depended on people-led mutual aid projects and local volunteer networks.                 Devastating fires, worsened by climate change and the criminal negligence of public utilities like Pacific Gas and Electric (PG&E), have been increasing in recent       years, some of them incinerating entire towns. Fire recovery efforts in Oregon and California have largely been community-led, and networks have formed               among neighbours to create resilience and support—including grief spaces like those created in Ashland, Oregon, which provide a space for people to share their       experiences of loss.

     People are fighting the fossil fuel industry while building community spaces and support for people who are homeless in New Mexico. The                 grassroots project is part of a larger project in New Mexico. SOL for All has brought solar power to various locations across the state in an effort to support               alternative energy solutions, which are necessary to combat climate change.

     The largest dam removal in history started in 2023 in southern Oregon and Northern California, thanks to years of Indigenous-led community           activism. The Karuk, Yurok, and other Native American groups for whom the Klamath River Basin is their ancestral home since time immemorial have been             organizing against the dams since they were proposed in the 1910s—which have had disastrous results for people, salmon, and other wildlife—for decades.             After multigenerational efforts, the massive dam removal project is expected to be completed by 2024.

      Many people are also building a peace economy through creative sharing efforts and alternatives to money-based exchanges. This includes                community gardens, mutual aid groups, and participation in the solidarity economy, and just transition efforts like those of Americans with jobs sharing their           stimulus checks with those in need in the early days of the COVID-19 pandemic. People are also creating skill share networks like Kola Nut Collaborative and           others, and millions of people daily are sharing tools and operating in a moneyless economy via “free” signs on street corners, Craigslist’s “free stuff” page,             Freecycle, and other creative routes.​​

The above are just some of the countless examples of the peace economy in action—and most of these efforts were started by just one or two people deciding to do something about the problems they saw happening in their local community.

Author: April M. Short is an editor, journalist, and documentary editor and producer. She is a co-founder of the Observatory, where she is the Local Peace Economy editor, and she is a writing fellow at the Independent Media Institute. Previously, she was a managing editor at AlterNet as well as an award-winning senior staff writer for Good Times, a weekly newspaper in Santa Cruz, California. Her work has been published with the San Francisco Chronicle, In These Times, LA Yoga, Pressenza, the Conversation, Salon, and many other publications.

 This article was produced by Local Peace Economy, a project of the Independent Media Institute.

 

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MICHIGAN OPENS the DOOR to RESTORING UNION POWER

Posted by jj on Apr 04, 2023 in Economic Justice
MICHIGAN OPENS the DOOR to RESTORING UNION POWER
MICHIGAN  OPENS  the  DOOR  to  RESTORING  UNION  POWER

 For the first time in nearly 60 years, a state is poised to reverse its “right to work” law and begin to undo the damage of a corporate-driven anti-union trend.

By Sonali Kolhatkar

 

 

Michigan is expected very soon to reverse its so-called “right-to-work” (RTW) law. The repeal, led by Democrats and passing along strictly partisan lines, is a concrete outcome of the liberal party winning a narrow majority of seats in the state’s House and Senate last November and Democratic governor Gretchen Whitmer winning reelection. Democrats managed to outdo Republican-led gerrymandering on Election Day and now hold a two-seat advantage in each chamber.

Showing more party discipline than their counterparts have tended to muster at the federal level in recent years, Michigan Democrats have wasted no time in using their slim legislative advantage in pushing through a repeal of their state’s RTW law. Whitmer is expected to approve the repeal when it reaches her desk.

RTW laws are a particularly insidious conservative ploy to undermine unions. The idea, which conservatives glibly couch in terms of “freedom,” is to prevent unions from collecting mandatory fees from members to sustain themselves. Unions require such fees in order to fund the operations of serving and representing their members. It’s the same with any club that offers perks—membership dues fund operations.

Unions gained the right to do this under the 1935 National Labor Relations Act. But less than a decade later, that right was eroded when Congress passed the 1947 Labor Management Relations Act, also known as Taft-Hartley, which first opened the door for RTW laws. In 2018, conservative justices at the United States Supreme Court ruled in favor of such laws for public sector workers, adding momentum to the rightward shift.

The National Labor Relations Board explains the current state of the Republican-led anti-union trend in this way: “If you work in a state that bans union-security agreements, (27 states), each employee at a workplace must decide whether or not to join the union and pay dues, even though all workers are protected by the collective bargaining agreement negotiated by the union. The union is still required to represent all workers.” Imagine calling AAA and demanding its roadside benefits without paying the auto club’s modest yearly fee.

Recognizing that dues are a source of unions’ financial power, Republicans used every advantage, including ill-gotten ones like gerrymandered districts, to push through RTW laws in more than half of all states. They used deceptive language—who doesn’t want the right to work?—and convinced voters it was in their interest to weaken unions without saying the laws were intended to weaken unions. Americans for Prosperity, a conservative pro-business think tank that we are expected to believe cares about workers’ rights, claimed that RTW laws were about “permitting workers the freedom to decide for themselves whether they want to join a union and pay dues.”

For years, I was required to pay dues to my union, SAG-AFTRA, because California, where I live, is not an RTW state. I did so happily, because even at the nonprofit community radio station where I worked, management was continuously trying to lower operating costs at the expense of workers’ wages and benefits. Union representation helped stave off staff cuts, represented workers in grievance filings, and became our collective voice during contract negotiations. Unions are not just for corporate or government workplaces. They are not just for poorly treated or underpaid workers at Amazon, Starbucks, or Walmart. All nonmanagement workers deserve the kind of power that a union brings. And it’s precisely that power that conservative lawmakers have been (successfully) chipping away at.

The data is clear: those states where RTW laws have been on the books show lower rates of unionization and lower wages overall. A June 2022 paper published in the National Bureau of Economic Research examined five states where such laws had been in effect since 2011. The researchers concluded unequivocally that, “RTW laws lower wages and unionization rates.”

According to the Economic Policy Institute—which has come to similar data-driven conclusions as the aforementioned paper—Michigan’s reversal of the GOP’s anti-union statute would be “the first time a state has repealed a RTW law in nearly 60 years.” The victory is all the more significant because of the state’s historic position as having had “the highest unionization rate in the country” and correspondingly high median wages before Republicans passed an RTW law in 2012. But in the past decade, unionization rates and wages both fell in Michigan. In other words, the state’s RTW law had its intended result.

Now, following Michigan, Democrats in other RTW states such as Arizona and Virginia have introduced laws to restore union power. At the federal level, Senator Elizabeth Warren has reintroduced the Nationwide Right to Unionize Act, which would repeal all RTW state laws. The PRO Act would similarly restore the right of unions to collect member dues nationally.

Conservative Republicans are likely terrified of how Michigan might embolden pro-union momentum across the country. Unsurprisingly, Fox News published an op-ed by billionaire Doug DeVos denouncing the repeal of Michigan’s anti-union law. DeVos’s Michigan-based family made its fortune on Amway, a business that Jacobin’s Rachel T. Johnson called, “the world’s biggest pyramid scheme.” (If the name sounds familiar, he is indeed the brother-in-law of former Education Secretary under Donald Trump Betsy DeVos.)

Doug Devos’s Fox News op-ed is titled, “I know firsthand how much right to work matters,” which might be a true enough statement coming from a billionaire whose family made its fortune on the backs of workers. He also identified precisely that “What’s happening in Michigan is the direct result of the November elections. Democrats won control of the legislature for the first time in nearly four decades.”

But then he veered into the kind of unproven claims that only a pyramid schemer might have the gall to make openly, that “right-to-work states have seen faster job growth, faster income growth, and faster population growth.” He also cited, without proof (after all, it’s Fox News!), that Michigan’s RTW law led to “rising incomes,” and “falling unemployment and poverty.”

Ultimately, DeVos is worried that “Repealing right to work will send a message that our state… will suffer from… less freedom.” And there again is that vague buzzword, freedom. What DeVos really means but doesn’t say is that he thinks workers deserve the freedom to live under the thumb of their corporate bosses, the freedom to remain in jobs that pay less and less, and the freedom to walk away from poorly paid jobs.

Freedom is the blank slate on which conservatives have projected their wildest profit-driven fantasies. But those fantasies are the flip side of their fears of worker power. It’s no surprise that RTW laws stemmed from the Taft-Hartley Act, a pro-business law intended to curb the power of multiracial worker movements.

Reverend Dr. Martin Luther King Jr. presciently said, “In our glorious fight for civil rights, we must guard against being fooled by false slogans, such as ‘right to work.’ It is a law to rob us of our civil rights and job rights.” In the war of words over freedom, Dr. King beats DeVos any day.

This article was produced by Economy for All, a project of the Independent Media Institute.  

Released for Syndication: 03/17/2023
 

Author Bio: Sonali Kolhatkar is an award-winning multimedia journalist. She is the founder, host, and executive producer of “Rising Up With Sonali,” a weekly television and radio show that airs on Free Speech TV and Pacifica stations. Her forthcoming book is Rising Up: The Power of Narrative in Pursuing Racial Justice (City Lights Books, 2023). She is a writing fellow for the Economy for All project at the Independent Media Institute and the racial justice and civil liberties editor at Yes! Magazine. She serves as the co-director of the nonprofit solidarity organization the Afghan Women’s Mission and is a co-author of Bleeding Afghanistan. She also sits on the board of directors of Justice Action Center, an immigrant rights organization.

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Behold, the New GOP Culture Wars

Posted by jj on Feb 05, 2023 in Background
Behold, the New GOP Culture Wars
Behold, the New GOP Culture Wars

The Republican Party’s latest wave of attacks against anyone who threatens the white supremacist patriarchy is couched in false concern for health and well-being.
By Sonali Kolhatkar                  This article was produced by Economy for All, a project of Independent Media Institute
Republicans are resorting to their age-old tactic of manufactured moral outrage to distract from the fact that they have no economic agenda other than to enrich the already wealthy. It would be laughable if their culture wars didn’t have a deadly impact on people’s lives. From attacks on the right to an abortion, to the right to be transgender, to the right to study accurate history, conservative attacks on vulnerable populations have reached a fever pitch. And it’s destroying the nation.

As if overturning Roe v. Wade at the Supreme Court in 2022 wasn’t enough, 20 GOP state attorneys general are now targeting pharmacy chains Walgreens and CVS for fulfilling mail orders of the abortion drug mifepristone. The U.S. Food and Drug Administration, a federal agency, in January expanded availability of the drug across the country. The abortion pill was relatively unknown some years ago but is now used in more than half of all abortions nationwide, likely in response to the rapidly disappearing access to surgical abortions. Now, as they go after mail-order abortion pills, Republicans are showing just how hell-bent they are on ensuring that the bodies of women (and transgender men) remain glorified baby incubators.

Republicans claim that in addition to protecting the life of a collection of fetal cells that they are determined to personify, they are working in the interests of women’s health. Missouri’s Attorney General Andrew Bailey explained his opposition to the abortion pill in a written statement, saying he was merely “protecting the health of women and their unborn children.”

However, not only are abortion pills safer than penicillin or Viagra, but going through pregnancy and childbirth is far more dangerous to women’s health than aborting a fetus. According to a New York Times report on one study of the effects of abortion restrictions on women, “Women who were denied an abortion and gave birth reported more chronic headaches or migraines, joint pain and gestational hypertension compared with those who had an abortion.” Furthermore, “They also reported more life-threatening complications like eclampsia and postpartum hemorrhage, and burdens that included higher exposure to domestic violence and increased poverty.” (It is a wonder that some of us choose to have children at all.)

The GOP’s war on transgender people has also gained steam. Just as Republicans are determined to control the bodies of people who want to terminate pregnancies, they are battling the right of transgender people to transition via surgeries, hormone supplements, or other gender-affirming medical treatments. It’s a shocking attack on people’s right to be who they want and need to be—one that targets young people in particular.

Again, the right wing uses concerns over health as cover for its attacks on human rights. For example, GOP lawmakers in Texas have introduced 35 anti-LGBTQ bills, three of which would view medical care as child abuse. But, even though the vast majority of the anti-LGBTQ bills that are introduced fail to become law, according to the Trevor Project, the debate itself is deeply traumatizing for young people. The organization found that “86% of transgender and nonbinary youth say recent debates around anti-trans bills have negatively impacted their mental health.” It has further encouraged bullying, and the risk of suicide.

Writing in the Nation, Amy Littlefield and Heron Greenesmith point out how “The right is deploying tactics against trans rights that are eerily similar to those mounted against abortion rights over the past five decades.” It’s the same Republican playbook over and over: claim that attacks on vulnerable people are in their own best interests to distract from the fact that the party has no actual plan to make people’s lives truly better.

Like the attacks on abortion and transgender rights, Republicans are also so worried about the supposed harm to students of American history that their third major battlefront is educational courses that question white supremacy and its impact. Claiming they are fighting a college-level academic approach to history called critical race theory, GOP leaders such as Florida Governor Ron DeSantis are busy banning books and classes at all levels of education. DeSantis’s latest assault is a ban on a new AP-level high school African American studies course that the College Board spent years devising and is set to pilot in 60 schools across the country.

The pushback by DeSantis and his allies has already yielded results. The College Board seemingly capitulated and sanitized the AP course, paring back mentions of Black feminism, queer theory, and the Black Lives Matter movement and replacing it with a new section on Black conservatism.

The move came at the same time that congressional Republicans took aim at Representative Ilhan Omar (D-MN), unceremoniously stripping her of membership in the House Foreign Affairs Committee. House Speaker Kevin McCarthy justified his ousting of Omar from the committee over her alleged antisemitism because she has criticized the state of Israel. Never mind that criticism of Israel is not equivalent to racist attacks on Jews; two of the GOP’s own representatives, Marjorie Taylor Greene (R-GA) and Paul Gosar (R-AZ), whose antisemitism is well documented, are now poised to regain their committee seats.

In a speech on the House floor, Omar rightly pointed out that the Republican attack was about “who gets to be an American.” She called out the GOP for its earlier culture war aimed at the nation’s first Black president, Barack Obama, and for spreading rumors that he was a secret Muslim and not a natural born U.S. citizen.

The message that emerges from the conservative party is that those who are not either straight, white, cisgender men, or in service of white supremacist patriarchy, had better fall in line or face prohibition and the threats of violence.

Meanwhile, Congressional Republicans are busy readying their pitchforks over the federal government’s debt, hoping to extract austerity measures in exchange for their support to raise the debt ceiling. According to the Washington Post, “the party has focused its attention on slimming down federal health care, education, science and labor programs, perhaps by billions of dollars.” And, some have “pitched a deeper examination of entitlements,” which is a euphemistic way of saying they want cuts to Social Security and Medicare.

Aggressively bombarding women, transgender people, Black people, immigrants, and people of color over their bodily autonomy and their gender and racial identity is a tactic that Republicans hope will keep conservative voters loyal to the GOP and lets them off the hook on regressive economic policies. It’s a classic bait and switch—one that we ought not to fall for.

This article was produced by Economy for All, a project of the Independent Media Institute.

Author Bio:
Sonali Kolhatkar is an award-winning multimedia journalist. She is the founder, host, and executive producer of “Rising Up With Sonali,” a weekly television and radio show that airs on Free Speech TV and Pacifica stations. Her forthcoming book is Rising Up: The Power of Narrative in Pursuing Racial Justice (City Lights Books, 2023). She is a writing fellow for the Economy for All project at the Independent Media Institute and the racial justice and civil liberties editor at Yes! Magazine. She serves as the co-director of the nonprofit solidarity organization the Afghan Women’s Mission and is a co-author of Bleeding Afghanistan. She also sits on the board of directors of Justice Action Center, an immigrant rights organization.

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FAILED....REPUBLICAN TRICKLE-DOWN ECONOMICS

Posted by jj on Nov 01, 2022 in News, Economic Justice, Politics & Elections
FAILED....REPUBLICAN TRICKLE-DOWN ECONOMICS
FAILED....REPUBLICAN TRICKLE-DOWN ECONOMICS

What the Failure of Liz Truss’s Economic Agenda in the UK Can Teach the U.S.

By Sonali Kolhatkar

Americans, relieved that they were rid of Donald Trump and his incessant scandals, looked gleefully to their neighbors across the Atlantic as British Prime Minister Liz Truss resigned after a mere 45 days in office. Truss had the shortest term of any British prime minister in history, disgraced by the consequences of her own economic prescriptions. There is a lesson to be learned from Truss’s rise and rapid downfall that applies to the United States, a nation beset by similar economic troubles but with a very different governmental structure.

The main takeaway from Truss’s downfall is that tackling inflation by rewarding the rich is a fool’s errand. Fashioning herself after Margaret Thatcher, the godmother of conservative capitalism, Truss had hoped to join the ranks of former prime ministers Tony Blair and David Cameron as a champion of “trickle-down” policies.

A central idea favored by Thatcherites—one that may sound familiar to Americans—is that when ordinary people are struggling, leaders must ensure the rich get richer so that the crumbs of their excesses will trickle down to the poor. Going hand in hand with this is the aggressive deregulation of industries to free them from the fetters of any protective measures that could impact profit margins.

Here in the U.S., President Ronald Reagan promoted this ludicrous concept in the 1980s as perhaps the grandest grift of all time, overseeing massive tax cuts for the wealthiest Americans and an aggressive deregulatory agenda. According to the Center for American Progress, when “Reagan took office in 1981, the marginal tax rate for the highest income bracket was 70 percent, but that fell to just 28 percent by the time he left office.”

In spite of decades of evidence that trickle-down economics doesn’t work, Republicans, when in control of the U.S. Congress and the presidency, have aggressively pushed through the same policies. Recall the 2017 tax reform bill forced through the legislative process by then-Senate Majority Leader Mitch McConnell and signed into law by Trump. That bill continued what Reagan started by infusing cash at the very top in the form of tax cuts. It too, like its predecessors, failed.

Truss repackaged this same grift in the UK, with critics coining a new moniker for it: Trussonomics. Influenced by right-wing think tanks such as the Adam Smith Institute and the Institute of Economic Affairs, she pushed a “mini-budget” centered on major tax cuts for the wealthiest in Britain with no plan on how to compensate for the loss in revenues.

The Guardian’s economics correspondent Richard Partington explained that this triggered “a run on sterling, gilt market freefall and spooked global investors. Even the International Monetary Fund (IMF) intervened with a stunning public rebuke.” The British pound plummeted in value, and the Bank of England was forced to intervene by buying up bonds and raising interest rates. Eventually, members of Parliament began expressing enough loss of confidence in the new prime minister that Truss was forced to resign just over six weeks into her tenure.

Since the 1980s, both Republican and Democratic presidents in the U.S. embraced “Reaganomics,” in spite of critics repeatedly calling out the lunacy of enriching the wealthy to address poverty. By the time Joe Biden took office in January 2021, there was so much damage done that the new president felt moved to articulate that trickle-down economics doesn’t work. Biden repeated his criticisms as Truss took office, saying on Twitter in September 2022, “I am sick and tired of trickle-down economics. It has never worked.”

But talk is cheap, and another major lesson for Americans is that while it’s easy to find relief in our more stable system of government in which presidential elections are prescribed every four years, Britain’s less stable parliamentary system is far more responsive to popular will.

The best example of this—one that stands in stark contrast to the U.S.—is Britain’s National Health Service (NHS), a free, government-funded universal health care system that is the envy of Americans. In 1948, Aneurin Bevan, Britain’s then-health secretary, promoted the idea of a health care system that would serve all people. According to historian Anthony Broxton, Bevan pushed a parliamentary vote on the bill that would create the NHS, asking, “Why should the people wait any longer?”

Americans have waited and waited for a similar health care system. We are still waiting. A New York Times analysis explained how health care spending in the U.S. began getting out of control at the precise time when Reagan-era deregulation began. Decades of attempts to install a universal, government-funded free health care system in the U.S. have failed.

In an MSNBC op-ed, Nayyera Haq wrote, “in the nearly 250 years since the founding of the United States, American government has not followed Britain’s path of providing a universal health care system or welfare programs for the majority of the population.” Haq concluded, “The elevation of status quo over popular will has all but frozen the ability to respond to that will, weakening the American system far more than Truss’ tenure will destabilize Britain.”

While Americans can’t very well switch our government system into a parliamentary one, we do have midterm elections in just a few weeks. It turns out trickle-down economics is indeed on the ballot, and Republicans are using every means at their disposal to ensure its win.

The GOP has rigged elections in its favor via a cunning combination of gerrymandered districts, voting laws that thwart likely Democratic voters, and legislative control at the state level where electoral rules are decided. In Florida, Republican governor Ron DeSantis has embraced antidemocratic tactics to such an extent that he created a police force to arrest largely Black (and therefore likely-to-be-Democratic) voters who he claims are casting ballots illegally. In other words, Republicans have engineered a system of minority rule bordering on fascism.

Blowing wind into their sails is the corporate media, insisting that worries over inflation could help Republicans win majorities in both houses of Congress—in spite of decades of evidence that the GOP has a record of economic failures. It has become a central Republican talking point to inflate—pun intended—worries about rising prices, blame Democrats for inflation, and make the case for their own electoral victories. Economist Dean Baker criticized the media for “hyping inflation pretty much non-stop for the last year and a half.”

While polls show that relentless coverage of inflation has moved voters toward Republican candidates, few outlets are asking questions about the GOP’s plan to tackle inflation. House Republican leader Kevin McCarthy has published a rosy plan, very thin on specifics, to fix the nation’s economic woes if his party wins majorities. A one-page description of his plan includes a vague prescription to “bring stability to the economy through pro-growth tax and deregulatory policies.”

In other words, Republicans are yet again promising to deliver a wolf in sheep’s clothing. Call it Reaganomics, Thatcherism, or Trussonomics, trickle-down economics is the great lie that has failed time and again. If Truss’s spectacular fall should teach Americans anything, it is that it will fail again. Unlike the Brits, we’re likely to be stuck with the ill effects of such failure for a lot longer.

This article was produced by Economy for All, a project of the Independent Media Institute.

Author Sonali Kolhatkar is an award-winning multimedia journalist. She is the founder, host, and executive producer of “Rising Up With Sonali,” a weekly television and radio show that airs on Free Speech TV and Pacifica stations. Her forthcoming book is Rising Up: The Power of Narrative in Pursuing Racial Justice (City Lights Books, 2023). She is a writing fellow for the Economy for All project at the Independent Media Institute and the racial justice and civil liberties editor at Yes! Magazine. She serves as the co-director of the nonprofit solidarity organization the Afghan Women’s Mission and is a co-author of Bleeding Afghanistan. She also sits on the board of directors of Justice Action Center, an immigrant rights organization.

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Tech Billionaires Are Actually Dumber Than You Think

Posted by jj on Oct 06, 2022 in News, Newsworthy, Social Justice
Tech Billionaires Are Actually Dumber Than You Think
Tech Billionaires Are Actually Dumber Than You Think

It turns out that many of today’s billionaires are selfish, lonely men fantasizing about how they will survive the end times they have played a part in creating.

By Sonali Kolhatkar

 Independent Media Institute

 This article was produced by Economy for All, a project of the Independent Media Institute.

In mid-September, for just a few days, Indian industrialist Gautam Adani entered the ranks of the top three richest people on earth as per Bloomberg’s Billionaires Index. It was the first time an Indian, or, for that matter, an Asian, had enjoyed such a distinction. South Asians in my circle of family and friends felt excited at the prospect that a man who looked like us had entered such rarefied ranks.

Adani was deemed the second richest person, even richer than Amazon founder Jeff Bezos! A Times of India profile fawningly quoted him relaying his thought process in the early days of his rags-to-riches story. “‘Dreams were infinite but finances finite,’ he says with engaging frankness,” according to the profile. There was no mention of the serious accusations he faces of corruption and diverting money into offshore tax havens, or of the entire website, AdaniWatch, devoted to investigating his dirty deeds.

Adani made his money, in part, by investing in digital services, leading one economist to say, “Wherever there is a futuristic business in India, I think… [Adani] has a stronghold.”

The moment of pride that Indians felt in such an achievement by one of their own was short-lived. Quickly Adani slipped from second richest to third richest, and, as of this writing, is in the number four slot on a list dominated by people who have made money from the digital technology revolution.

In fact, ranking multibillionaires is a meaningless exercise that obscures the absurdity of their wealth. This year alone, a number of tech billionaires on Bloomberg’s list lost hundreds of billions of dollars as the gains they made during the early years of the pandemic were wiped out because of a volatile stock market. But, as Whizy Kim of Vox points out, whether or not they’re losing money or giving it away—as Bezos’ ex-wife MacKenzie Scott has been doing—their wealth remains insanely high, and most are worth more today than before the COVID-19 pandemic.

What are they doing with all this wealth?

It turns out that many are quietly plotting their own survival against our demise. Douglas Rushkoff, podcaster, founder of the Laboratory for Digital Humanism, and fellow at the Institute for the Future, has written a book about this bizarre phenomenon, Survival of the Richest: Escape Fantasies of the Tech Billionaires.

In an interview, Rushkoff explains that billionaires worry about the end of humanity just like the rest of us. They fear catastrophic climate change or the next pandemic. And, they know their money will likely be of little value when civilizations decline. “How do I maintain control over my Navy Seal security guards once my money is worthless?” is a question that Rushkoff says many of the world’s wealthiest people want to know the answer to.

He knows they ask such questions because he was invited to give private lectures by those who think his expertise in digital technology gives him unique insight into the future. But Rushkoff was quietly studying them instead and has few flattering things to say about these wielders of economic power.

“How is it that the wealthiest and most powerful people I’d ever been in the same room with see themselves as utterly powerless to affect the future?” he asks. It seems as though “the best they can do is prepare for the inevitable calamity and then just, you know, hang on for dear life.”

Rushkoff explores this tech billionaire “mindset” that he says has resulted in a generation of people who are “almost comedic monsters, who really mean to leave us all behind.” Adani is a perfect example of this, having invested in the very fossil fuels that are destroying our planet. He has large holdings in Australia’s coal mining industry and has sparked a massive grassroots movement intent on stopping him.

The admiration that some Indians feel for Adani’s ascension on Bloomberg’s list of billionaires is based on an assumption of cleverness. Surely, he must be one of the smartest people in the world in order to be one of the richest? Elon Musk, the world’s wealthiest man by far (with twice as much wealth as Bezos), has enjoyed such a reputation for years.

Those who are invested in the idea of merit-based capitalism can justify the unimaginable wealth of the world’s richest people only by assuming they are intelligent enough to deserve it.

This is a façade. Rather than smarts, the wealthiest people on the planet appear to be rather small-minded idiot savants who share a common disdain for the rest of us.

After being around tech billionaires in private, Rushkoff concludes that they are invested in “this notion that they really can, like puppeteers, kind of control society from one level above,” and that this approach is “different than the era of Alexander the Great, or Caesar.” If the question that vexes them most of all is how, in a disastrous future, will they control the guards they hire to protect their hoardings, then our economic system is a farce.

“Even if we call them genius technologists, most of them were plucked from college when they were freshmen,” says Rushkoff. “They came up with some idea in their dorm room before they’d taken history, or economics, or ethics, or philosophy” classes, and so they lack the wisdom needed to oversee their own perverse amounts of wealth.

Having spent time with many tech billionaires, Rushkoff worries that “their education about the future comes from zombie movies and science fiction shows.”

Billionaires are not simply drawing their wealth from a vacuum. According to data from the World Economic Forum, “the world’s richest have captured a disproportionate share of global wealth over recent decades.” This means that, if you were rich to begin with a decade or two ago, you are likely to have seen your wealth multiply by a greater amount than middle-class or lower-income people.

Not only are tech billionaires undeserving of their wealth, but they also are fleecing the rest of us—and fantasizing about hoarding that wealth in the worst-case scenarios while the rest of humanity struggles to survive.

The danger is that if society valorizes such (mostly) men, we are in danger of internalizing their childish, selfish mindset and giving up on solving the climate crisis or building resiliency on a mass scale.

Instead of relating to them, we ought to feel sorry for a group of people so cut off from humanity that their vision of the future is a very lonely one.

“Let’s look at these tech-bro billionaire lunatics. Let’s laugh at what they’re doing… so they look small rather than big,” says Rushkoff. He thinks it is critical to adopt the perspective that “the disaster they’re so afraid of looks entirely manageable by more reasonable people who are willing just to help each other out.”

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