MURDER, POLITICS, AND THE END OF THE JAZZ AGE
by Michael Wolraich
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MURDER, POLITICS, AND THE END OF THE JAZZ AGE by Michael Wolraich Order today at Barnes & Noble / Amazon / Books-A-Million / Bookshop |
The great political reality of our time is that Democrats don't know (and nobody else does either) how to get wage growth and productivity growth or economic growth lines back into sync...But you cannot make middle class wage growth and wealth inequality the center of your politics unless you have a set of policies which credibly claims some real shot at addressing the problem.
Comments
As Destor has said in regard to great dearth of money, so may a lesser dearth thereof be ameliorated by....giving away money.
In this case the (unlikely to receive the wide approval it deserves), "helicopter manuever in full flagrante.
by jollyroger on Fri, 11/14/2014 - 1:13am
Oddly, Bush Jr did just this with his universal tax rebate of some chump change denomination $75?
by jollyroger on Fri, 11/14/2014 - 1:16am
I read a study recently by U Chicago that said that in areas where people had adjustable rate mortgages the economy rebounded more quickly after the crisis and they have lower thn average unemployment and higher wages. The reason was that mortgages adjusted downward when the Fed cut rates. The average cut was $150 month. So, these people got an extra $1,800 in their pockets the first year after their mortgage rate reset. The authors of the study noted that most of the savings went to paying down credit card debt. Had it not gone to credit cards, it would have had a better impact on the economy. In their conclusion they note that the next time policy makers want to stimulate the economy they should consider targeting consumer debt directly.
Bush's post 9/11 tax rebate was a pittance. The government should just step in and, one time only, pay off people's consumer debts. It would be a great and necessary reset.
by Michael Maiello on Sun, 11/16/2014 - 5:49pm
We could also start rebuilding the infrastructure and offer big rebates for solar and wind energy to home owners and business.
by trkingmomoe on Sun, 11/16/2014 - 6:15pm
Yeah, how do we address this issue?
I love our liberal economists, I really do.
Bernie is all we have really.
Make rich folks deposit more money into SS?
Make oil companies pay the actual costs involved in their capitalistic enterprizes?
Make corporations pay when they 'outsource' to other countries?
Enact legislation taxing every sale of every share of stock? That could bring our coffers trillions over time.
Enact a 70% income tax rate for those making over a million a year?
Raise property taxes on those in gated communities; a state issue for sure.
I am attempting to listen.
But there are so few voices.
by Richard Day on Fri, 11/14/2014 - 3:57pm
The Impact of NAFTA on North American Labor
by Resistance on Sun, 11/16/2014 - 4:12pm
II. Rising Inequality: The War on Working People
The term globalization is a euphemism for the economic policies of neoliberalism and free trade that drive the megatrends ravaging the world today. Globalization in this essay refers specifically to the domination of the world economy by transnational capitalism through state-sponsored policies that subordinate the broad interests of communities and nations to the interests of the owners of capital.
The primary economic drivers of globalization are:
It is capitalism's relentless quest for cheap labor that impacts working people directly and drives the megatrend of rising inequality on both national and global levels. The creation of wealth by human labor, whether the worker is employed in agriculture, manufacturing, or service, is the sustaining activity of all societies and the division of that wealth between the workers and the owners of capital is the essence of class struggle.
by Resistance on Sun, 11/16/2014 - 4:19pm
War Against The Working Class
Attrition
by Resistance on Sun, 11/16/2014 - 4:28pm
by Anonymous PP (not verified) on Mon, 11/17/2014 - 6:44am
by Anonymous PP (not verified) on Mon, 11/17/2014 - 6:46am
Josh is wrong about this. The problem is not a lack of policy ideas--it's a lack of understanding that cultivating the Democratic vote is not like cultivating the Republican vote. Democratic leaders take a Shaker-style approach to vote cultivation, always hoping that the number of independent or swing converts will outweigh the impact of activities that prevent new, enthusiastic Democrats from being born. It's an approach which is lowering the number of people willing to show up and vote Democrat in such numbers that Republicans can easily win contests just based on Democratic non-enthusiasm.
The problem, in short, is the cost of vote-farming. Republicans market heavily to single-issue voters, because in a nation that still adheres to the quaint tradition of one-person-one-vote, single-issue voters are the cheapest voters a plutocrat can buy, and they'll show up consistently to vote against their own interests on most issues as long as they believe that some Republican, somewhere, is working on their pet issue. Republicans have cornered this market, and Democrats would be best to leave them to it, because the reality is that there aren't as many dumb voters out there as Democrats would like to believe.
There are a ton of potential Democratic voters who would enjoy having someone represent their interests in Washington and in other places too. But Democratic voters are just different than Republican voters. They're a lot harder to farm, they tend to vote based on more than one issue, they tend to look at results, they tend to be turned off by efforts to farm them at election time and then not represent them when the moment comes. Most of all, they're turned off by the double standard of pandering to wealthy donors for campaign money and to voters in the few weeks before the elections. People aren't dumb--they know whose interests will be represented once the voting booths are folded up.
This is why I use the Shaker comparison--by using the Republican vote-farming tactics, and then refusing to consistently, ethically, and with a little oratorical flourish, REPRESENT the interests of ordinary people, Democrats fail to attract the people who might actually get them elected. It's a highly-questionable short-term strategy and a long-term disaster.
It's not a lack of policy ideas. It's a refusal to use them. We all know what happened to the Shakers.
by erica20 on Mon, 11/17/2014 - 12:03pm
Erica, there's truth to this, but I don't see that it invalidates Josh's argument. The Democrats' "Shaker" strategy, as you put it, is an attempt to compensate for a comparatively small and enthusiastic base. I absolutely agree with you that this strategy compounds the problem by shrinking and discouraging the base even more. But the Shaker strategy did not create the problem. It was a reaction to the collapse the traditional Democratic base in the 1980s and 1990s, which stemmed from a perception that progressive polices were not improving the lives of ordinary Americans. It will take more than a little oratorical flourish to change that perception.
by Michael Wolraich on Tue, 11/18/2014 - 10:56am