When you are a WordPress user, as is Learning from Dogs, you can pay $30 a year to stop advertisements from appearing on one’s blogsite.
This is how WordPress explain their policy on advertising:
We sometimes display advertisements on your blog to help pay the bills. This keeps free features free! We only run them in limited places, and we do not show ads to logged-in readers, which means only a very small percentage of your page views will actually contain ads. To eliminate ads on your blog entirely, you can purchase the No-Ads Upgrade for a single blog (per year).
I choose not to pay that upgrade, despite the ads being annoying; of that I have no doubt.
For this reason.
WordPress pay an amount of their advertising income to the owner of the blog. Thus twenty-four hours ago, WordPress sent me an email:
Just thought you’d like to know WordPress.com sent you $106.23 USD.
I’m not sure but I think that covers the last twelve months.
That $106 will be divided into two with $53 staying with Jean and me and $53 going to our nearest humane society; Rogue Valley Humane Society.
Having our good friends, Andy and Trish, with us for a few days means, quite rightly, that time with them is top of our list; so to speak.
Thus I want to republish a recent post from Paul Gilding that seems to me to be right on the mark.
But first an apology. About 10 minutes ago (07:40 US PDT yesterday) I pressed the ‘reblog’ key over on Paul Gilding’s posting in error. Subscribers to Learning from Dogs will have been sent an email to that reblog and then discovered that I had deleted it, in favour of this approach!
Mr Paul Gilding.
ooOOoo
THE GLOBAL ENERGY MARKET’S MOMENT OF TRUTH
If you want to know what addressing climate change will really be like for business and investors, then take a look at today’s electricity and energy markets. Driven by climate policy, technology development, business innovation, NGO campaigns and investment risk analysis, creative destruction is inflicting itself upon the sector with a vengeance – and the process has just begun.
Value is being destroyed at an incredible scale with just one example being European utilities losing $750 billion in market cap in recent years. Another is the huge losses in value for coal companies and the cancellation of a large number of new coal mining projects around the world as the forecast growth in China and India evaporates. As I argued in my last Chronicle, Carbon Crash Solar Dawn, this is not a temporary market blip but a fundamental shift. Company strategies and business models that have been working for generations are collapsing. In parallel we see the creative side of the process, with new industries being built, entrepreneurs flourishing and massive wealth being created. Now the market is working, as it should, allocating capital to the places where risk and return are best aligned. It is at once a beautiful and brutal process to observe.
This is an important inflection point to acknowledge, with significant implications that should reframe our thinking about these issues.
For a start it means, climate policy and its economic consequences have now shifted from future forecasts to present reality. This reality, with all its brutality for existing businesses, give us important insights into what to expect as the world wakes up to climate change. Business is already waking up to what that means in a market economy – creative destruction unleashed to destroy slow responders.
This suggests that traditional corporate responsibility, which argued sustainability was good for all businesses, is outmoded and not helpful. We have moved into an era of win/lose rather than win/win, and with that, sustainability is shifting from ‘environmentalists vs business’ to ‘business vs business’ as I covered in this earlier Chronicle.
Taken together this means we need to change the way we talk and think about climate change and business. Sustainability is not good for many businesses – in fact it means they’ll have to go out of business. This is what sustainability at its core is all about – things that are unsustainable will stop.
While on the one hand this is blindingly obvious, it is a conversation many in business and politics don’t want to acknowledge. So when the previous Australian government brought in its carbon pricing scheme, it went to great lengths to argue that Australia would still have a healthy coal industry. And President Obama’s new regulations on CO2 emissions in the US power industry are likewise being positioned as being as much about health and air pollution as climate policy.
But as Michael Grunwald argues in this Time Magazine piece on “Obama’s War on Coal” – a phrase used by the coal industry to suggest this is unfair and unreasonable – it’s time to face up to the reality of climate action. It is a war on coal, pure and simple. Grunwald calls it the “just but undeclared war ”. But rather than “just” with its moral overtones, we could simply argue it is “necessary” based on any objective analysis of what’s good for the economy and for society. What is necessary is to move a range of companies out of the economy and replace them.
Coal is first in the firing line. As a major cause of CO2 emissions and with the lack of market support for Carbon Capture and Storage suggesting “clean coal” is either a delusion or at best an expensive PR campaign, coal simply has to go. That means coal companies will go out of business, and then oil companies and gas companies will follow them.
This is not a problem at all for the economy, as they will be replaced with new companies and new industries, which will create new jobs, new wealth and new innovations. But it is a major problem for the incumbents who will cease to exist and for their owners who will lose their money. Unless we have that conversation honestly and openly, we are setting ourselves up for pain and suffering we can easily avoid or at least minimise by thinking through the consequences and being better prepared for their departure.
Of course the best way to minimise the pain would be for fossil fuel companies to transition to new areas of business, to use the great wealth they have created to diversify into sustainable sources of profit. But most of them won’t. It’s not that they couldn’t – it’s just that they won’t. And it’s not just coal but also oil and gas who are, for the most part, in strong denial about what’s coming and so won’t be prepared, as well explained in this article by Giles Parkinson at RenewEconomy.
We shouldn’t be surprised. History shows how rare it is for companies to transform and survive major market and technology shifts. That’s why the average life expectancy of a successful multinational is only 40-50 years. And that’s why the financial markets – who act without ideology based on looking at the data – are rapidly responding. They are stripping value from fossil fuel exposed utilities and the resource companies that provide their fuel. They are also downgrading credit risk, with Barclays recently issuing a warning the investors should no longer see utilities as a “sturdy and defensive subset of the investment grade universe”. The report concluded: “We see near-term risks to credit from regulators and utilities falling behind the solar plus storage adoption curve.” No doubt Deutche Bank considered these risks when they recently announced they wouldn’t consider funding a major new coal port next to Australia’s Great Barrier Reef.
So while the idea of “war on coal” is in some ways an accurate summary of the momentous threats the industry faces from a range of forces that are consciously and deliberately coming after them, we could also just see this as how markets work.
Fossil fuels provide us with energy, but they also destroy value across the economy – by driving climate change, damaging health and increasing costs for taxpayers while imposing unmanageable risks on other companies who rely on a stable climate for their business success. So the market is simply doing its job, pricing in some of these costs using the proxies of regulatory, credit and technology risk.
The market is working …. and fossil fuels are losing.
ooOOoo
Hope you agree with me that it’s a great essay and, also, I hope you followed the links – they are all very interesting.
Those of you who are not familiar with Paul Gilding can find out more about him here. Plus the following TED Talk by Paul is highly recommended viewing.
How food and carbon-based energy are irresistibly woven together.
Jean and I watched this BBC Nature programme the other evening. Not directly from the BBC but because it has been uploaded to YouTube and thence was promoted on Top Documentary Films.
The film is 48-minutes long and, frankly, there’s not much point in reading the rest of the post until you have viewed the film!
Wildlife film maker Rebecca Hosking investigates how to transform her family’s farm in Devon into a low energy farm for the future, and discovers that nature holds the key.
With her father close to retirement, Rebecca returns to her family’s wildlife-friendly farm in Devon, to become the next generation to farm the land. But last year’s high fuel prices were a wake-up call for Rebecca. Realising that all food production in the UK is completely dependent on abundant cheap fossil fuel, particularly oil, she sets out to discover just how secure this oil supply is.
Alarmed by the answers, she explores ways of farming without using fossil fuel. With the help of pioneering farmers and growers, Rebecca learns that it is actually nature that holds the key to farming in a low-energy future.
Nature holds the key!
So, rather than tempt you to read on and not watch the film, that’s all you are getting for today! 😉
Settle yourself down somewhere comfortable and watch the film.
The Tragedy of the Soma Mine-Workers: A Crime of Peripheral Capitalism Unleashed
Posted on May 16, 2014 by Yves Smith
Yves here. This post explains how the horrific mine explosion in Western Turkey, which has officially claimed nearly 300 lives as the death count continues to rise, was not an accident but the direct result of privatization and circumvention of safety standards. And unlike the West, where industrial and mining accidents are met with short-term sympathy but little if any real change in working conditions, protests have broken out, not just in the mine town of Soma but also in major cities. As Mark Ames has pointed out, American has airbrushed out much of the history of labor’s struggles for safe workplaces and better pay. Violence against efforts to organize workers was common. Henry Ford had a private army of thugs for just this purpose. The tragedy in Turkey should serve as a reminder of what has been won, and how fragile those gains are.
By Erinç Yeldan, Dean of the faculty of Economics and Administrative Sciences, Yasar University and an executive directors of the International Development Economics Associates. Cross posted from Triple Crisis
One of the greatest work-crimes in mining industry occurred in Soma, a little mining village in Western Turkey. At noon-time on Tuesday, May 13, according to witnesses, an electrical fault triggered a transformer to explode causing a large fire in the mine, releasing carbon monoxide and gaseous fumes. (The official cause of the “accident” was still unknown, at this writing, after nearly 30 hours.) Around 800 miners were trapped 2 km underground and 4 km from the exit. At this point, the death toll has already reached 245, with reports of another 100 workers remaining in the mine, yet unreached.
Turkey has possibly the worst safety record in terms of mining accidents and explosions in Europe and the third worst in the world. Since the right-wing Justice and Development Party (AKP) assumed power in 2002, and up to 2011, a 40% increase in work-related accidents has been reported. The death toll from these accidents reached more than 11,000.
UK Survey Finds High Levels of Depression and Desperation Among the Young
Posted on May 16, 2014 by Yves Smith
If you’ve been keeping half an eye on economic news, the UK has of late been looking pretty spiffy relative to its advanced economy peers, with 2014 growth forecast at 3%. Even though unemployment in the UK is at its lowest level in five years, the young and the long-term unemployed haven’t benefitted to the same degree.
One issue that doesn’t get the attention that it merits is the destructive psychological impact of being out of work. Work doesn’t just provide money, as critical as that is. It provides a way of organizing your time, social interaction, and a place in society, even if that place is not really where you’d like to be. Being unanchored is extremely taxing. Recall that the Japanese get people to quit by giving them a desk and nothing to do. The lack of legitimacy, the implicit shaming of being isolated is sufficiently punitive as to induce workers to give up their pay and being able to tell their families they have a job.
The BBC reports on the results of a survey by the Prince’s Trust called the Macquarie Youth Index, which is based on a survey of roughly 2200 16 to 25 year olds. 13% were what the survey called Neet: not in employment, education, or training.
I will return to the terrible implications of this report after I declare a past interest. Before I left England in 2008, I was an active volunteer with the Prince’s Trust. My years of being associated with the Trust taught me that helping young persons discover their strengths, enable them to maintain and defend a positive self-image, and offer them real hope for their future lives, was and is the most important role of society; without doubt!
Now back to that report:
The survey found high levels of suicidal thoughts and self harm among this group, and high levels of stress among the young generally. Key excerpts from the article:
The report found 9% of all respondents agreed with the statement: “I have nothing to live for”…
Among those respondents classified as Neet, the percentage of those agreeing with the statement rose to 21%.
The research found that long-term unemployed young people were more than twice as likely as their peers to have been prescribed anti-depressants.
One in three (32%) had contemplated suicide, while one in four (24%) had self-harmed.
The report found 40% of jobless young people had faced symptoms of mental illness, including suicidal thoughts, feelings of self-loathing and panic attacks, as a direct result of unemployment.
Three quarters of long-term unemployed young people (72%) did not have someone to confide in, the study found.
Martina Milburn, chief executive of the Prince’s Trust, said: “Unemployment is proven to cause devastating, long-lasting mental health problems among young people.
Then there was the report from the NASA study team that key glaciers in West Antarctica are in an irreversible retreat. First seen by me on the BBC News website, from where the following photograph was taken.
Thwaites Glacier is a huge ice stream draining into the Amundsen Bay.
We imparted acceleration to the biosphere. We are pushing the biosphere around. And we know that the force we are applying is only augmenting. That means the acceleration, and even more the speed of the change, is going to get worse quick. That’s basic dynamics, first quarter of undergraduate physics.
Of course, neither the leaders of France, Great Britain, or the USA has taken such a course: they are basically ignoramuses at the helm (and Angela Merkel, who knows plenty of physics, made a risky bet she seems to be losing).
Clearly, we should instead apply the brakes to the maximum (instead of flooring the accelerator). What would be the price of this cautious? None, for common people: hard work to de-carbonize the world economy would require dozens of millions to be employed that way, in the West alone.
That, of course, is a scary thought for plutocrats, who much prefer us unemployed, impotent, and despondent.
Patrice Aymé
All of this is sending out a message. The message that if we are not very, very careful this could be the end-game for human civilisation on this Planet.
But do you know what really puzzles me?
It’s that this message is increasingly one that meets with nods of approval and words of agreement from more and more people that one sees going about one’s normal life. Perhaps, because there’s more and more reporting from a wider and wider range of sources. Like The Permaculture Research Institute website recently publishing This Collapse is a ‘Crisis of Bigness’. Like Grist publishing Walmart is the last place Obama should be making a clean energy speech.
Main Stream Media (MSM) has been the instrument of control of the People ever since there were oligarchies. It used to be about temples and priests, now it’s more about controlling papers, radio, TV, and the Internet.
and later on:
This crudeness, and vigilance of censorship by the owners [of the New York Times], is why the Obamas, Clintons, Krugmans, and Stiglitzs have to be careful. After all, they are just employees enjoying the perks of the system. Yes, they don’t own it. Ownership is everything. If the servants want to keep on thriving, those “leaders” will have to please the owners. So they “lead” where the real owners are willing us all, the herd, to be led.
Patrice rounds his essay off, thus:
The plutocracy focuses on direct control of the world imperial system, and that means controlling the giants (especially the three military leaders of the West). This is where the propaganda is the thickest.
The New York Times is considered to be the “newspaper of record” in the USA. However, the bottom line is that this is the third century during which it is owned and controlled by a particular family. How can these two elements be compatible? Why is that particular family “of record”?
Even in the Middle Ages, the most absolute kings there were, those of France, actually owned relatively little property. Francois I himself may have worn expensive clothes, but Italian bankers paid for his trips around France. Francois I did not own the media of the time.
What we have now is different. We have an ascending plutocracy that tries to grab the minds ever more. What Putin is doing in Russia is just a particular case, part of a whole.
Hopefully, people will see through this, and get their news from somewhere else than plutocratically owned media, thus bankrupting the MSM (the Internet can support journalists directly: see the successful Mediapart in France).
But I haven’t answered my earlier rhetorical question. “But do you know what really puzzles me?” Implying that a growing number of people sense there is a problem with today’s world.
That question will be answered tomorrow. Do please return.
I sense the levels of inequity in today’s world reaching crisis levels!
This is the next essay in my irregular series of The Natural order. The last one, on life and death, was published a couple of weeks ago.
Now it would be tempting to rant on at great length about the ‘haves’ and the ‘have-nots’ but there’s a sense of caution about so doing. Because, to be blunt about it, the lifestyle that Jean and I enjoy here on our rural retreat in Southern Oregon is, compared to millions, a blissful luxury.
So all I will do is to refer to some recent articles and essays that seem, to me anyway, to speak volumes about the terrible and growing levels of inequity between the majority of citizens and ‘the 1%‘!
Patrice Ayme of the blog Patrice Ayme’s Thoughts has long written about inequality. I recommend you browse his many essays on the subject of plutocracy but this one, USA: Rich Plutos, Poor People, comes to mind fairly quickly; from which I quote:
Plutocracy is a redistribution of wealth, power, income, from We The People to a small minority of controlling parasites. Plutocracy paralyzes the minds with a warped case of inverted decency. Plutocracy is neither optimal for the society, nor the economy.
Plutocracy affects the USA more than Europe, and the minds, even more than the stomachs. The fact that average Americans feel that they are much better off than in the rest of the world reinforces the plutocratization of the USA. Including astounding tolerance for the amazingly corrupt so-called Supreme Court (Supremely plutocratic!).
I’m “Black”, Mom Was White, & Thus We’re In The Black.
Turning back to this place, not so long ago I published a two-part essay on the loss of democracy. In the first part, I wrote:
But if you think this is an American problem, let me take you back a couple of days to my post that reflected the feeling that it was all getting too much: I just want to throw up! Reason? Because in that post I referred to a recent essay by George Monbiot called The Shooting Party. Here are the opening chapters (and you will have to go here to read the numbered references):
As the food queues lengthen, the government is giving our money to the super-rich.
By George Monbiot, published in the Guardian 29th April 2014
So now you might have to buy your own crutches, but you’ll get your shotgun subsidised by the state. A few days after False Economy revealed that an NHS group is considering charging patients for the crutches, walking sticks and neck braces it issues (1), we discovered that David Cameron has intervened to keep the cost of gun licences frozen at £50: a price which hasn’t changed since 2001 (2).
The police are furious: it costs them £196 to conduct the background checks required to ensure that shotguns are issued only to the kind of dangerous lunatics who use them for mowing down pheasants, rather than to the common or garden variety. As a result they – sorry we – lose £17m a year, by subsidizing the pursuits of the exceedingly rich (3). The Country Land and Business Association – the armed wing of the Conservative party – complains that it’s simply not fair to pass on the full cost of the licence to the owners of shotguns (4); unlike, say, the owners of passports or driving licences, who are charged on the basis of full cost recovery.
Three days later – on Friday – the government announced that it will raise the subsidy it provides for grouse moors from £30 per hectare to £56 (5). Yes, you read that right: the British government subsidises grouse moors, which are owned by 1% of the 1% and used by people who are scarcely less rich. While the poor are being forced out of their homes through government cuts, it is raising the payments – across hundreds of thousands of hectares – that some owners use to burn and cut the land (helping to cause floods downstream), shoot or poison hen harriers and other predators, and scar the hills with roads and shooting butts (6). While the rest of us can go to the devil, the interests of the very rich are ringfenced.
Shortly, I’m going to refer to another Monbiot essay recently published that underscores, once again, the corruption of fairness that is happening in the United Kingdom.
Before that, let me remind all you great readers the lesson we should, and must, learn from Nature. Again, using something recently posted:
OK, I opened today’s post with the sub-heading “Probably just now the most important lesson to be learnt from dogs!” Let me expand on that.
Dogs, like many other ‘pack’ animals, have a relatively flat hierarchy across their group. Typically, a wild dog pack numbered upwards of 30 animals although in modern times we have only the African Wild dog left to study. Nevertheless, the African Wild dog offers mankind the key lesson about cooperation and social equality. Here’s an extract from a National Geographic article [my emphasis]:
African Wild Dog Lycaon pictus
Known as African wild, painted, or Cape hunting dogs, these endangered canines closely resemble wolves in their pack-oriented social structure. Photograph by Chris Johns
The African wild dog, also called Cape hunting dog or painted dog, typically roams the open plains and sparse woodlands of sub-Saharan Africa.
These long-legged canines have only four toes per foot, unlike other dogs, which have five toes on their forefeet. The dog’s Latin name means “painted wolf,” referring to the animal’s irregular, mottled coat, which features patches of red, black, brown, white, and yellow fur. Each animal has its own unique coat pattern, and all have big, rounded ears.
African wild dogs live in packs that are usually dominated by a monogamous breeding pair. The female has a litter of 2 to 20 pups, which are cared for by the entire pack. These dogs are very social, and packs have been known to share food and to assist weak or ill members. Social interactions are common, and the dogs communicate by touch, actions, and vocalizations.
African wild dogs hunt in formidable, cooperative packs of 6 to 20 (or more) animals. Larger packs were more common before the dogs became endangered.
So back to the domesticated dog. There are just three ‘roles’ to be found: the female alpha dog, the male beta dog and the omega dog that can be of either gender. Even though in a group of dogs (we have eight here at home) the alpha and beta dogs are dominant and will eat first, there is no question of denying the other dogs in the group access to food, water and love from us humans.
The lesson we must learn from dogs is obvious and there’s no need for me to spell it out!
This, then, is the power of the natural order as it applies to animal ‘communities’.
Nature, one way or another, will show us that the natural order is the only ruling order on this natural planet.
So with those tones of mine hopefully ringing in your ears, have a read of this recent Monbiot essay republished with Mr. Monbiot’s kind permission.
ooOOoo
Land of Impunity
May 5, 2014
Politicians and government contractors now seem to be able to get away with almost anything.
By George Monbiot, published in the Guardian 6th May 2014.
What do you have to do to fall out of favour with this government? Last month, the security company G4S was quietly rehabilitated (1). It had been banned in August 2013 from bidding for government contracts (2), after charging the state for tagging 3,000 phantom criminals (3). Those who had died before it started monitoring them presented a particularly low escape risk. G4S was obliged to pay £109m back to the government.
Eight months later, and before an investigation by the Serious Fraud Office has concluded, back it bounces, seeking more government business. Never mind that it almost scuppered the Olympics (4). Never mind Jimmy Mubenga, an asylum seeker who died in 2010 after being “restrained” by G4S guards(5), or Gareth Myatt, a 15-year-old who died while being held down at a secure training centre in 2004(6). Never mind the scandals and crises at Oakwood, the giant prison it runs(7). G4S, recently described by MPs as one of a handful of “privately-owned public monopolies”(8), is crucial to the government’s attempts to outsource almost everything. So it cannot be allowed to fail.
Was it ever banned at all? Six days after the moratorium was lifted, G4S won a new contract to run services for Her Majesty’s Revenue and Customs(9). A fortnight later, it was chosen as one of the companies that will run the government’s Help to Work scheme(10). How did it win these contracts if, in the preceding months, it wasn’t allowed to bid?
When I first worked in Brazil, in the late 1980s, the country was widely described as o pais de impunidade: the land of impunity. What this meant was that there were no political consequences. Politicians, officials and contractors could be exposed for the most flagrant corruption, but they remained in post. The worst that happened was early retirement with a fat pension and the proceeds of their villainy safely stashed offshore. It’s beginning to look a bit like that here.
This is not to suggest that the people or companies I name in this article are crooked or corrupt. It’s to suggest that the political class no longer seems to care about failure.
The failure works both ways of course. As Polly Toynbee has shown, the pilot projects for the Help to Work scheme which G4S will run reveal that it’s a complete waste of time and money(11). Yet the government has decided to go ahead anyway, subjecting the jobless to yet more humiliation and pointlessness. Contrast the boundless forgiveness of G4S to the endless castigation for being unemployed.
A record of failure reflects the environment in which such companies are hired: one in which ministers launch improbable schemes then look the other way when they go wrong. G4S had to pay back so much money for the phantom criminals it wasn’t monitoring because it had been doing it for eight years, and no one in government had bothered to check(12). There is no such thing as failure any more, just lessons to be learnt.
Accountability has always been weak in this country, but under this government you must make spectacular efforts to lose your post. At the Leveson inquiry in April 2012, the relationship between the then culture secretary Jeremy Hunt and the Murdoch empire that he was supposed to be regulating was exposed in gory detail(13,14). Though he was meant to be deciding impartially whether or not to allow the empire to take over the broadcaster BSkyB, he was secretly exchanging gleeful messages with James Murdoch and his staff(15).
We all knew what it meant. The emails, the Guardian observed, were likely to “sever the slim thread connecting Hunt to his cabinet job.”(16) “After this he’s toast … it’s over for Hunt,” wrote Tom Watson MP(17). “He cannot stay in his post,” said Ed Miliband. “And if he refuses to resign, the prime minister must show some leadership and fire him.”(18) We waited. Hunt remained culture secretary for another four months, then he was promoted to secretary of state for health.
On 2 September 2012, the Guardian revealed that the housing minister, Grant Shapps, had founded a business which “creates web pages by spinning and scraping content from other sites to attract advertising”: a process that looks to me like automated plagiarism(19). He had been promoting the business under the name of Michael Green, who claimed to be an internet marketing guru. Again it looked fatal. Two days later, in the same reshuffle that elevated Hunt, he was promoted to Conservative party chairman.
A real Mr Green – Stephen this time – was ennobled by David Cameron and appointed, democratically of course, as minister for trade and investment. In July 2012, a US Senate committee reported that while Lord Green was chief executive and chairman of HSBC, the bank’s compliance culture was “pervasively polluted”(20). Its branches had “actively circumvented US safeguards … designed to block transactions involving terrorists, drug lords, and rogue regimes.” Billions of dollars from Mexican drug barons, from Iran and from “obviously suspicious” travellers’ cheques “benefiting Russians who claimed to be in the used car business” sluiced through its tills(21). Out went dollars and financial services to banks in Saudi Arabia and Bangladesh linked to the financing of terrorists. The Guardian reported that HSBC “continued to operate hundreds of accounts with suspected links to Mexican drug cartels, even after Green and fellow executives were told by regulators that HSBC was one of the worst banks for money laundering.”(22)
Green refused to answer questions and sat tight(23). He remained in post for another 17 months, until he gracefully retired in December 2013.
After it had become obvious to almost everyone that it was impossible for them to remain in the Cabinet, David Cameron refused to sack either Liam Fox or Maria Miller. Forgiveness and redemption, by all means. But they are not unconditional: without contrition or even acknowledgement that wrong has been done, there’s no difference between giving people a second chance and engaging in an almighty cover-up.
There has seldom, in the democratic era, been a better time to thrive by appeasing wealth and power, or to fail by sticking to your principles. Politicians who twist and turn on behalf of business are immune to attack. Those who resist are excoriated.
Here’s where a culture of impossible schemes and feeble accountability leads: to cases like that of Mark Wood, a highly vulnerable man who had his benefits cut after being wrongly assessed by the outsourcing company Atos Healthcare as fit for work, and starved to death(24) – while those who run such companies retire with millions. Impunity for the rich; misery for the poor.
Normally, there’s always a selection of bits and pieces in my LfD Blog folder from which to construct a new post.
But yesterday afternoon as I trawled a number of articles and blog sites I ended up feeling sick to the back teeth. Disgusted about the inequalities and injustices that seem to be in the news just now. (I use the word ‘news’ liberally!)
It started with me reading, even before I was out of bed, the latest essay from George Monbiot entitled The Shooting Party.
As the food queues lengthen, the government is giving our money to the super-rich.
Then I went back to re-read an essay from Patrice Ayme that came out on the 22nd called USA: Rich Plutos, Poor People. Here’s a snippet from there:
Plutocracy is a redistribution of wealth, power, income, from We The People to a small minority of controlling parasites. Plutocracy paralyzes the minds with a warped case of inverted decency. Plutocracy is neither optimal for the society, nor the economy.
Plutocracy affects the USA more than Europe, and the minds, even more than the stomachs. The fact that average Americans feel that they are much better off than in the rest of the world reinforces the plutocratization of the USA. Including astounding tolerance for the amazingly corrupt so called Supreme Court (Supremely plutocratic!).
On to another of Patrice’s essays. Or more specifically to a comment left by Eugen to a post from Patrice published yesterday.
I would like to share with you my thought about the major defaults of the economic system called “Market economy” or “Capitalism”, or in the language of this blog, the moral deficiency of the system run by Plutocracy.
The major problem of the contemporary economic system on the macro level is that it enabled on one hand to pour into the economy too much financial liquidity at times of boom and overheated economy, by investing too much money in wrong and too expensive assets, and on the other hand at times of bust, when the economy needs liquidity to sustain employment, the system is rather greedy with helping investments in the same assets for even very reduced price. This system a-priory has to cause bust and boom, situations.
The economist since the great depression of 1929-1933 which had disastrous consequences learned from the lesson, and since then the governments and the central banks took as their major task in economy (and be the price whatever it takes), to act as anti bust and boom instrument. This is why they made the economic stimulus of trillions that saved the banks and financial system from total collapse (luckily the collapse came during the time of republican presidency and they couldn’t resist this decision), and the quantitative easing that poured liquidity of government money into the economy as alternative to the private money from banks who stopped to borrow.
So if it is so easy to solve the economic crisis situations, what is the problem? Let the economy run on the waves of bust and boom, and whenever the bust comes the government interferes, and at the times of booms let the boys play and enjoy themselves. If economics would be only about mathematical formulas, probably it could work, but the truth is all the economic decisions have their moral-political aspects. [Ed. My emphasis] And here lies the problem.
Because it is morally and politically very hard to neglect the principle of punish those who do wrong and give tribute to those who has done good. And this is actually what happens when the government comes to rescue the “credit boomers”, the bankers who created a distorted financial system, that channeled the financial and material resources to wrong places to invest in wrong assets, and when the D day came, they did not have to pay the price for their wrong doings. The same happened to those who took the loans, without to ask themselves if and when are they going to pay them back.
These Financiers and their creditors, who get loans of other peoples’ money enjoy free lunch twice. Once when they give and get these loans with knowledge that it will never be repaid, and second time when they enjoy the debt reduction, when the governments come to rescue them.
On the other hand those who use the wealth generated at times of boom to accumulate reserves for the bad times have to pay twice. First time when they restrain their activities during the times of prosperity and reduce by it their profits, second time at times of bust, when still they have to fulfill all their obligations, and get no praise for their responsible behavior in the times of boom.
Of course this system of Boom and Bust causes with each wave a major shift of wealth from one sector to the other, and generally from the decent and responsible entrepreneurs to the irresponsible gamblers, who happen to make bid on other people’s money.
This is one of the reasons why the pension systems are all in deficit, the wages stagnate while the profits and mainly the rewards of corporate managers of publicly traded companies surge.
Plutocrats have a certain grudging respect for one another. Naturally, they would like to put each other out of business unless it impacted their own business adversely. So I conclude that Obama’s sanctions are an attempt to isolate Putin from his plutocratic supporters (although perhaps supporters is too strong a word; Putin keeps his plutocrats on a pretty tight leash, just ask Mikhail Khodorkovsky).
But what if under the table the West is inviting Putin’s plutocrats to join them, where the grass is greener and you don’t have old Vlad busting your chops. We’re not going to mention that we’re going to give you a haircut on the way, but are you really ready for the rebirth of the Soviet Union? The London bankers must certainly be for it.
On the other hand, you have the Chinese promising big business… but China’s biggest real estate investor is unloading everything as China replicates the Western real estate bubble and collapse….
It’s tough being a Russian plutocrat these days. It’s tough being a plutocrat anywhere, really, with all this talk that plutocrats are *too* wealthy (and are actually mass murdering their fellow humans with their insatiable greed by hording wealth and depriving others of health care, education and jobs).
Come to America! Come to the UK! Plutocrats rule! This is the subtext of what the Russian plutocrats are hearing.
Finally, an essay published on Naked Capitalism had me reaching for the bowl. It was by Rob Johnson on the Breakdown of Democracy. Read it. It included this video.
Published on Apr 26, 2014
Rob Johnson: The influx of additional campaign finance dollars and central bank policies have contributed to the destruction of democratic institutions
That was enough for me.
Couldn’t take any more. Certainly wasn’t feeling inspired and creative. Just wanted to go out and find a horse to kiss.
Sanity is a warm, loving horse!
Sorry! Hopefully back to being more positively creative tomorrow!
Yesterday, I posted about the prediction that in four billion years the Milky Way galaxy would collide with the Andromeda galaxy. I called the post Not of immediate concern.
Today, I am writing about something that is of immediate concern. That is if you regard the next couple of decades as ‘immediate’.
The post is prompted by an item that was published on the BBC News website two days ago. It carried the title Climate inaction catastrophic – US
Climate inaction catastrophic – US
By Matt McGrath
Environment correspondent, BBC News, Yokohama, Japan
The costs of inaction on climate change will be “catastrophic”, according to US Secretary of State John Kerry.
Mr Kerry was responding to a major report by the UN which described the impacts of global warming as “severe, pervasive and irreversible”.
He said dramatic and swift action was required to tackle the threats posed by a rapidly changing climate.
Our health, homes, food and safety are all likely to be threatened by rising temperatures, the report says.
Scientists and officials meeting in Japan say the document is the most comprehensive assessment to date of the impacts of climate change on the world.
In a statement, Mr Kerry said: “Unless we act dramatically and quickly, science tells us our climate and our way of life are literally in jeopardy. Denial of the science is malpractice. There are those who say we can’t afford to act. But waiting is truly unaffordable. The costs of inaction are catastrophic.”
Putting to one side the mild irony of a representative of the US Government wringing his hands about what mankind is doing to our climate, the report is valuable and potentially significant.
The report was from the Intergovernmental Panel on Climate Change (IPCC) which is, as their website explains:
The Intergovernmental Panel on Climate Change (IPCC) was established by the United Nations Environmental Programme (UNEP) and the World Meteorological Organization (WMO) in 1988 to assess the scientific, technical and socio-economic information relevant for the understanding of human induced climate change, its potential impacts and options for mitigation and adaptation.
Watch this 5-minute video of Stanford professor Dr. Chris Field, co-chair of that IPCC working group, addressing some of the key questions raised by this latest report. In particular, focus on Dr. Field discussing the potential of the loss of the Greenland ice cap around 3 min 30 seconds.
Back to the BBC report (which you should read in full!). Back to Dr. Chris Field being quoted as saying:
I think the really big breakthrough in this report is the new idea of thinking about managing climate change as a problem in managing risks. Climate change is really important but we have a lot of the tools for dealing effectively with it – we just need to be smart about it.
It would be easy to get into the mindset that humanity is not going to change its ways in time.
But, then again, the pace of growing awareness about what the changes are that we all need to make, and make relatively soon, is dramatic.
Maybe, just maybe, this will turn out alright!
For all the young people in the world, I do so hope!
HEIST: Who Stole the American Dream? is stunning audiences across the globe as it traces the worldwide economic collapse to a 1971 secret memo entitled Attack on American Free Enterprise System. Written over 40 years ago by the future Supreme Court Justice Lewis Powell, at the behest of the US Chamber of Commerce, the 6-page memo, a free-market utopian treatise, called for a money fueled big business makeover of government through corporate control of the media, academia, the pulpit, arts and sciences and destruction of organized labor and consumer protection groups.
But Powell’s real “end game” was business control of law and politics. HEIST’s step by step detail exposes the systemic implementation of Powell’s memo by BOTH U.S. political parties culminating in the deregulation of industry, outsourcing of jobs and regressive taxation. All of which led us to the global financial crisis of 2008 and the continued dismantling of the American middle class. Today, politics is the playground of the rich and powerful, with no thought given to the hopes and dreams of ordinary Americans. No other film goes as deeply as HEIST in explaining the greatest wealth transfer of our time. Moving beyond the white noise of today’s polarizing media, HEIST provides viewers with a clear, concise and fact- based explanation of how we got into this mess, and what we need to do to restore our representative democracy.
It’s an incredibly interesting film, but more of that later. For me, what was stunningly enlightening was at last understanding the powerful forces at work since Lewis Powell published ‘the memo’ back on August 23, 1971. Because for me over in Britain, the era of the ’70s’ and ’80s’ were incredibly fulfilling. First, as a salesman for IBM UK – Office Products Division, from 1970 through to 1978, and then forming and managing my own company through to 1986 when I succumbed to an attractive purchase offer. Then, when my company was sold, taking a few years off cruising a sailboat in the Mediterranean; based out of Larnaca, Cyprus.
Thus I was immune to the global money and power plays, albeit enjoying rising house prices! Only Lady Luck protected me from the collapse of 2008 in that I had sold my Devon home in early 2007 and was renting. Then Lady Luck arranging for me to meet Jean in Mexico, Christmas 2007 (we were born 23 miles apart in London) and subsequently moving out to Mexico with Pharaoh in September, 2008, to be with Jean and all her dogs. Lady Luck’s magic continued in that we came to Merlin, Oregon because we were able to take advantage of a bank-owned property; moving there in October, 2012.
Of course, the scale of the downturn was obvious and there were many instances of people that I knew losing jobs or homes, or both, and generally having a very rough time.
So back to the film. Here’s the official trailer.
Uploaded on Feb 17, 2012
Please watch the newly updated trailer for “Heist: Who Stole the American Dream?,” the new, explosive documentary from Frances Causey and Donald Goldmacher exposing the roots of the American economic crisis and the destruction of the American dream. Visit www.Heist-TheMovie.com for more information on how to see the feature film and how to Take Action in restoring democracy and economic justice in the United States.
But here’s another thing that now makes sense: The legitimate anger of so many people, especially those who have some insight into what had been taking place. No, amend that! What is still taking place!
Just one example of that legitimate anger, that of Patrice Ayme. Just go across and read his blog post of two days ago: American Circus.
My strong recommendation is that you take an evening off and watch the film. Here’s another preview:
Frances Causey, Co-producer & co-director-Heist & Donald Goldmacher, Co-producer & co-director-Heist join Thom Hartmann. Corporate America is the biggest Welfare reciepient in the country – but that wasn’t always the case. The makers of Heist will tell you how organized money has been able to pull off the biggest “Heist” of the American Dream!
The film also concludes by offering many ways in which individuals can take back control of their lives, reinvigorate local communities, actively show that people-power is unstoppable. As it always has been and always will be.
This post started with a quote and I’m going to close with another.
“The day the power of love overrules the love of power, the world will know peace.” -Mahatma Gandhi
Those of you who watched Part One of Awakening the Dreamer that was published yesterday could be excused for thinking that it was a very gloomy window on our world at the start of 2014.
Park those feelings and watch Part Two.
The Hope
[vimeo http://vimeo.com/52496263]
ooOOoo
Tomorrow, Friday, I will complete this run of four days by dropping in on a few of the organisations named in these films plus a few other items.
A very Happy New Year to you and all your loved ones!
Yesterday (I’m tempted to write last year!), I posted a little tale about the donkey in the well; essentially a message about being happy.
My original plan for today was to post a series of photographs of some animals next door that our neighbours, Larry and Janell, have recently adopted.
But then Jean and I watched a documentary two evenings ago that had us both spellbound. The documentary, Awakening the Dreamer, consisted of two 45-minute films. The first highlighting the precarious nature of our present times. The second showing the accelerating pace of people all across the world actively changing things for the better. Hence the title of the post The Pain and the Hope.
So here’s Part One. I do so hope you can find the time to watch it.
Learning from Dogs 