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new economy

Those who have the largest megaphones in our corporate state serve the very systems of power we are seeking to topple. They encourage us, whether on Fox or MSNBC, to debate inanities, trivia, gossip or the personal narratives of candidates. They seek to channel legitimate outrage and direct it into the black hole of corporate politics. They spin these silly, useless stories from the “left” or the “right” while ignoring the egregious assault by corporate power on the citizenry, an assault enabled by the Democrats and the Republicans. Don’t waste time watching or listening. They exist to confuse and demoralize you. Chris Hedges

If there is pressure to increase the productivity of human workers, the serious question to ask is, why can’t a machine do this? The fact that a task is routine enough to be measured suggests that it is routine enough to go to the robots. In my opinion, many of the jobs that are being fought over by unions today are jobs that will be outlawed within several generations as inhumane. New Rules for the New Economy

I guess some of this mad right-wing love comes from the idea that in America, anyone can become a Rich Guy if he just works hard and saves his pennies. Mitt Romney has said, in effect, “I’m rich and I don’t apologize for it.” Nobody wants you to, Mitt. What some of us want—those who aren’t blinded by a lot of bullshit persiflage thrown up to mask the idea that rich folks want to keep their damn money—is for you to acknowledge that you couldn’t have made it in America without America. That you were fortunate enough to be born in a country where upward mobility is possible (a subject upon which Barack Obama can speak with the authority of experience), but where the channels making such upward mobility possible are being increasingly clogged. That it’s not fair to ask the middle class to assume a disproportionate amount of the tax burden. Not fair? It’s un-fucking-American is what it is. I don’t want you to apologize for being rich; I want you to acknowledge that in America, we all should have to pay our fair share. That our civics classes never taught us that being American means that—sorry, kiddies—you’re on your own. That those who have received much must be obligated to pay—not to give, not to “cut a check and shut up,” in Governor Christie’s words, but to pay—in the same proportion. That’s called stepping up and not whining about it. That’s called patriotism, a word the Tea Partiers love to throw around as long as it doesn’t cost their beloved rich folks any money. This has to happen if America is to remain strong and true to its ideals. It’s a practical necessity and a moral imperative. Stephen King

What the lobbyists want, what Wall Street wants, is they want Etch A Sketch Senators. They want the ones who will clear the screen and change their minds to do whatever big money tells them to do. That’s what they want. Elizabeth Warren

The current political regime in Washington is a great example of the fundamental conservatism of global leaders. I think that’s one of the explanations for why you have young people finally showing up in the streets. We had this guy who ran as a candidate of change. He didn’t run as a radical, but he had all the social-movement rhetoric that made you think that actually he was going to do things differently. His candidacy mobilized grass roots supporters as if this were a social movement. It was all very self-conscious, and all these young people became politicized and thought this was going to actually mean some kind of profound change. And what do we get? We get this guy who is basically a classic conservative. The word conservative has changed in contemporary American English; now it means “extreme radical reactionary” or “right-winger.” But in the old-fashioned sense of wishing to conserve existing institutions in as much a viable long-term form, that’s what Obama turned out to be. Pretty much everything he’s done is along the lines of “How can we save the auto industry? How can we preserve the banking system without nationalizing it, without changing it in any fundamental way?” He did not map out a great new vision of a health system. He said the system we have is not viable, but here’s a plan where we can preserve the same principles of profit-driven private health in a form that will be sustainable. So basically this is a guy who is willing to make heroic efforts not to change. David Graeber

It’s understandable that politicians say this: it was America’s experience in the past. In the years following World War II, we built a solid middle class on the foundation of high-paying, mostly unionized jobs in the manufacturing sector. But those days are history. Today, automation and computers have eliminated millions of jobs, and private-sector unions have been crushed. On top of that, in a globalized economy where capital can hire the cheapest labor anywhere, it’s no longer credible to believe that America’s middle class can prosper from labor income alone. So why don’t we pay everyone some non-labor income — you know, the kind of money that flows disproportionally to the rich? I’m not talking about redistribution here, I’m talking about paying dividends to equity owners in good old capitalist fashion. Except that the equity owners in question aren’t owners of private wealth, they’re owners of common wealth. Which is to say, all of us. How to Restore the Middle Class

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