no. 416

“Anyone who has ever struggled with poverty knows how extremely expensive it is to be poor.”

James Baldwin

no. 415

no. 381

"Wage repression is a fairly self-explanatory term meaning the deliberate undermining of wages by employers. Wage repression is most often used by private sector employers in order to cut their payroll expenditure, but taken as a whole, the state is actually the largest employer, and is just as capable of repressing wages as the private sector.

The idea that economic efficiency can be increased through the repression of wages is an article of faith for ideological neoliberals. Witness the effects of the current Tory austerity programme on wages, or think back to the 1980s when the collective bargaining rights of millions of workers were attacked by Margerat Thatcher’s government.

I say that wage repression is an article of neoliberal faith because (much like a lot of orthodox neoliberal theory) there is actually little actual evidence that wage repression is good for the national economy, and in fact, a lot of evidence that it is actually harmful.

The reason that the subject of wage repression is important now, is that the UK is currently enduring the longest period of wage repression in over a century, in which the average wage has fallen in real terms every single month for three consecutive years (every month since the Tory led government came to power).

…

The idea that wage repression is actually bad for the economy is hardly a new one. Quakers and other non-conformist religious groups realised early in the industrial revolution that by paying reasonable wages, and providing additional benefits such as education and healthcare, they themselves benefited from the massively increased productivity of a loyal, healthy and educated workforce (as compared to the bitterly exploited, poor, unhealthy, malnourished and ill-educated workforces of the less ethically minded of the early industrial pioneers). Probably the most famous rejection of wage repression was the high pay / low price policy of the American automobile manufacturer Henry Ford (hardly a “leftie” by any stretch of the imagination), who paid high wages and made low profit margins on his vehicles, so that his employees would return their wages back to his business through the purchase of the vehicles they themselves had been constructing.

To put the historic objection to wage repression into reasonably simple economic terms: Wage repression is bad because it reduces the disposable income of workeres - When workers have less money to spend, this results in a fall in consumer spending - When consumer spending falls, aggregate demand falls - When aggregate demand falls the economy falls into low-growth, recession or depression.

I don’t think it takes a lot of brains to realise that the less money the public have in their pockets, the less they are going to spend, and that this fall in spending will have a negative knock-on effect on the wider economy.”

Thomas G. Clark

no. 323

no. 297

"The invisible hand does indeed allocate the efforts of private industry to the best possible uses, as long as 'best' and 'most profitable' can be used interchangeably."

Gin and Tacos, from the post Better Living Through Chemistry, or: Thanks, Free Market!

no. 277

no. 273

"Republicans muscled a pared-back agriculture bill through the House on Thursday, stripping out the food stamp program to satisfy recalcitrant conservatives but losing what little Democratic support the bill had when it failed last month. It was the first time food stamps had not been a part of the farm bill since 1973."


House Approves Farm Bill, Without Food Stamp Program

To which Wil Wheaton (or somebody) comments: "Corporate welfare for Big Ag, nothing to actually help real people who are suffering. As Dan Gillmor says, it’s a perfect description of GOP priorities".

no. 272

For most of the human race, pretty much all of the lifespan of the human race, information was currency. Information was like gold. It was rare, it was hard to find, it was expensive. You could get your information, but you had to know where to go, you had to know what you were looking at, you had to know how to find your information. It was hard. And librarians were the key players in the battle for information, because they could go and get and bring back this golden nugget for you, the thing that you needed.

Over the last decade, which is less than a blink of an eye in the history of the human race, it’s all changed. And we’ve gone from a world in which there is too little information, in which information is scarce, to a world in which there is too much information, and most of it is untrue or irrelevant. You know, the world of the Internet is the world of information that is not actually so. It’s a world of information that just isn’t actually true, or if it is true, it’s not what you needed, or it doesn’t actually apply like that, or whatever. And you suddenly move into a world in which librarians fulfill this completely different function.

We’ve gone from looking at a desert, in which a librarian had to walk into the desert for you and come back with a lump of gold, to a forest, to this huge jungle in which what you want is one apple. And at that point, the librarian can walk into the jungle and come back with the apple. So I think from that point of view, the time of librarians, and the time of libraries—they definitely haven’t gone anywhere.

Neil Gaiman talks about his love of libraries.

via

no. 265

“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.
Its purpose is to destroy labor unions and the freedom of collective bargaining by which unions have improved wages and working conditions of everyone…Wherever these laws have been passed, wages are lower, job opportunities are fewer and there are no civil rights. We do not intend to let them do this to us. We demand this fraud be stopped. Our weapon is our vote.”

Martin Luther King

no. 181

"I don’t understand why the GOP is so hard on Obama.

In the 80s Reagan got the unemployment rate down to 8% from a starting high of like 11%, while billionaires got richer at the expense of the middle class, and they just let the banks go back to doing whatever they wanted, and they thought it was GREAT."

The Virgin Prince

no. 157

"Give a man a gun and he can rob a bank. Give a man a bank and he can rob the world."

Edited on Tue Nov-29-11 12:49 PM by WilliamPitt
Credited to Jim Truther on Facebook

(via)

no. 141

“I find it ironic that Republicans have such disdain for the lazy, and yet their solution to everything is do nothing. Their answer to wealth inequality? Do nothing. Healthcare? Do nothing. Climate change? Nothing. Racism? Doesn’t exist. For a group of people so head over heels in love with self-reliance, they sure do recommend a lot of sitting on (one’s) ass.

If A Christmas Carol was performed by the Tea Party Dramatic Society, it would be a cautionary tale about how the hero, Scrooge — a blameless job creator — is turned into a socialist through the corrupting influence of Tiny Tim. And the play would end with a simple, plaintive question from Mr. Scrooge: ‘Just how much of my wealth does Mr. Tim think he’s entitled to?’

And that is the great Republican fallacy of this election: that our economic problem are due not to Wall Street’s gambling, but because too many Americans are lazy. But there are 16 million unemployed, and we only created 80,000 jobs last month. The problem isn’t laziness — it’s math.

This is where the Republican Party is now: in favor of people dying because they don’t have health insurance. In favor of letting people go unfed if they won’t work. And if they wanna work, but are Mexicans, in favor of putting up a fence that electrocutes them.”

BILL MAHER, Real Time

no. 104

Goodness gracious, my generation's lost
They burned down all our bridges before we had a chance to cross
Is it the winter of our discontent or just an early frost?

Goodness gracious, of apathy i sing
The babyboomers had it all and wasted everything
Now recess is almost over and they won't get off the swing

Goodness gracious, we came in at the end
No sex that isn't dangerous, no money left to spend
We're the cleanup crew for parties we were too young to attend

Kevin Gilbert in the song Goodness Gracious

no. 75

"Radio host Thom Hartmann notes that the astronomical salaries commanded by CEOs indicates (by simple supply/demand) some sort of shortage of qualified people. What quality is it that is in such shortage? Mr Hartmann speculates that the necessary characteristic which is in such short supply is sociopathy. One needs to know how to run a company AND to be able to destroy the environment and the lives of fellow human beings."

LarryHart, commenting on a post at Contrary Brin (see previous post)

no. 74

"But in rejecting one set of knowledge-limited meddlers -- 100,000 civil servants -- libertarians and conservatives seem bent on ignoring market manipulation by 5,000 or so aristocratic golf buddies, who appoint each other to company boards in order to vote each other titanic "compensation packages" while trading insider information and conspiring together to eliminate competition. Lords who are not subject to inherent limits, like each bureaucrat must face, or rules of disclosure or accountability. Lords who (whether it is legal or not) collude and share the same delusions."

David Brin, discussing the change (and failure) of American Conservatism.

no. 48

"I think you're stating something we've discussed on this site before. That the Enlightenment experiment in both democracy AND in capitalism (two very different things) that made the 20th Century what it was--was essentially an experiment in ENGINEERING. A system--a sort of machine if you will--was CONSTRUCTED which magnificently channeled human motivation INTO self-sustaining, beneficent directions.

Now in the 21st century, the right-wing is cheerfully dismantling the Great Machine under the bizarre theory that because that machine worked so well, it has proven that human motivation NATURALLY tends toward self-sustaining, beneficent directions, and that machines actually get in the way of this process.

It's analogous to a claim that the functioning of the internal combustion engine proves that the best way to make use of hydrocarbons for motive power is uncontrolled explosions--that the engine itself is somehow retarding the process."

LarryHart commenting at Contrary Brin

no. 44

"We have always known that heedless self-interest was bad morals, now we know that it is bad economics."

Franklin Delano Roosevelt, Jan. 20, 1937

no. 43

"The current recession is a nightmare for people who have lost their jobs, homes, and savings; and it’s part of a continuing nightmare for the poor. That’s why we have to do all we can to get the economy back on track. But most other Americans are now discovering they can exist surprisingly well buying fewer of the things they never really needed to begin with."

Robert Reich