• Tips gratefully accepted here. Thanks!:

  • Recent Comments

    jonihas on Rachel Maddow Destroys the 200…
    dailypuma on Be our guests
    dailypuma on Be our guests
    tamens on Be our guests
    riverdaughter on Be our guests
    Ivory Bill Woodpecke… on Be our guests
    jjmtacoma on Be our guests
    William on Be our guests
    riverdaughter on Be our guests
    William on The Things of May
    Ga6thDem on Be our guests
    Sweet Sue on Be our guests
    Christo72 on Be our guests
    riverdaughter on Be our guests
    riverdaughter on Be our guests
  • Categories


  • Tags

    abortion Add new tag Afghanistan Al Franken Anglachel Atrios bankers Barack Obama Bernie Sanders big pharma Bill Clinton Chris Christie cocktails Conflucians Say Dailykos debate Democratic Party Democrats Digby DNC Donna Brazile Economy Elizabeth Warren feminism Florida Fox News General Glenn Beck Glenn Greenwald Goldman Sachs health care Health Care Reform Hillary Clinton Howard Dean John Edwards John McCain Jon Corzine Karl Rove Matt Taibbi Media medicare Michelle Obama Michigan misogyny Mitt Romney Morning Edition Morning News Links Nancy Pelosi New Jersey news NO WE WON'T Obama Obamacare OccupyWallStreet occupy wall street Open thread Paul Krugman Politics Presidential Election 2008 PUMA racism Republicans Sarah Palin sexism Single Payer snark Social Security Supreme Court Terry Gross Texas Tim Geithner unemployment Wall Street WikiLeaks women
  • Archives

  • History

    January 2013
    S M T W T F S
    « Dec   Feb »
     12345
    6789101112
    13141516171819
    20212223242526
    2728293031  
  • RSS Paul Krugman: Conscience of a Liberal

  • The Confluence

    The Confluence

  • RSS Suburban Guerrilla

    • New Mexico State Workers Denied Food Assistance To Families With Less Than $100 In Assets
      Don’t kid yourself. This is happening in every state now: Five New Mexico state workers admitted last week that they denied food assistance to needy families after being pressured by superiors. According to KTRK, five workers at the state’s Human Services department told a federal court that they falsified records to claim that families applying […]
  • RSS Ian Welsh

    • How the Rational Irrationality of Capitalism Is Destroying the World
      Capitalism leads to actions only a self-destructive wastrel would want, but does so pure rationality. Think of rationality as being of two types: Means-ends and internal-coherent. Means-ends rationality says: “I want to get to Point A. How do I do that?” Or, “I want to grow a garden so I can eat food. What are […]
  • Top Posts

To all those rich people who think they are the most productive people on earth

Don’t flatter yourselves.  Dragons are not productive.

Every school kid knows this.

Just sayin’.

********************************************

Paul Krugman and Joseph Stiglitz have a chat:

 

2 Responses

  1. Here’s a more comforting observation. I have a couple hundred or so cans of sardines. I like sardines. I notice that all through this Era of Rolling GoverBank Crimewave, not one of the Banker/Goverperps
    or one of their little minions has been able to suck even one sardine out through the side of even one of my cans of sardines.

    I think there is a lesson somewhere in that.

  2. We have circled around this truth for well over 100 years.

    The most famous political speech of all time was William Jennings Bryan’s “Cross of Gold Speech” at the Democratic Convention in 1896. The speech was made at a time much like ours. An inept Republican President stumbled the country into a long depression with five years of real double digit unemployment and declining prices. Wealth became even more concentrated in the hands of a banker class, what Teddy Roosevelt called “malefactors of great wealth.”

    The inept Republican who made changes was succeeded by a conservative Democrat (Grover Cleveland) who was anti-labor, pro-bank, pro-hard money, and pro-big business, The wealthy in particular, attempted to divide the country , especially the South, along racial rather than class lines. Black and poor voters were being greatly and openly disenfranchised by new voting laws.

    Bryan made a number of key points in his speech. The businesman of the time was more than the financier or the trader and speculator in commodities or stocks but really included the farmer, the factory worker, and the miner.

    American fiscal policy should benefit everyone, not just the financiers and should certainly not be constrained by the austerity and hard money policy of other countries, especially in Europe.

    If hard money and austerity were followed to its logical extreme, said Bryan, the results would be awful. Without the productivity of the 99%, the streets of the big cities would become empty and covered over by weeds. With the full scale production and reward of the workers and farmers, the entire country would prosper.

    Bryan, of course, ended the speech with the famous closing that became his trademark. “Do not press down upon the brows of labor, this crown of thorns. Do not crucify mankind upon this cross of gold.” It combined class-conscious politics and early fundamentalism in a weird blend. Bryan, then 36, was nominated for President. He was nominated (unsuccessfully) three times (in 1896, 1900 and 1908) and became Secretary of State under Wilson. He quit because Wilson was too war-like.

    During the Progressive era, the New Deal and the Kennedy-Johnson era (plus to some extent Eisenhower, Nixon, and Ford), we made real progress. Karl Rove’s stated goal has been to take us back to those bad old days of the late 1800s.

    It is time for a real dragon hunter. Not someone who talks a good game (Bryan) or semi talks a good game (Obama) but the real thing. I tried to find a nice metaphor to go with the old story about St. George and the Dragon but the Bryan speech is actually much closer to the mark.

    The power of the gold is felt most behind closed doors and intimidating glares. In the open, it shrivels and shrinks. It is simply amazing how many Americans are willing to sacrifice their own earned benefits for the amorphous good of the golden few. It is enough, at this point, to block and to do some things by stealth but not to succeed in the bright light of day.

    Sunshine. That’s the gold we should honor; not the cold, hard metal.

Comments are closed.

Follow

Get every new post delivered to your Inbox.

Join 597 other followers

%d bloggers like this: