Tag Archives | populism

Hedging on Wall Street: Clinton’s Finance Reforms Reek of Weak-Kneed Populism

thierry ehrmann (CC BY 2.0)

thierry ehrmann (CC BY 2.0)

This article originally appeared on Common Dreams. See more of Jon Queally’s articles here.

As Bernie Sanders continues to draw record crowds and appears to be winning the battle for small-donor contributions, the campaign of Democratic frontrunner Hillary Clinton—even as the former senator and secretary of state attempts to strike a more populist tone—continues to show it knows where the deep pockets are: Wall Street.

And as the Associated Press reports on Wednesday morning, the campaign’s strategic approach is rather easily documented:

Clinton’s economic agenda targets companies that focus on short-term profits and high-speed trading instead of investing in workers. The Democratic presidential candidate’s finance operation is going after their executives for another purpose — donations.

A day after proposing higher capital gains taxes on short-term investors, Clinton raised at least $450,000 Tuesday night at the Chicago home of Raj Fernando, a longtime donor.

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We Are Legion

LeviathanAny experienced manager will tell you that the single most challenging part of his or her job is not to be found within the mass of technical details that run through a given project’s design, but keeping their workers productively occupied during the inevitable yet unpredictable lulls and logjams that force their way through at inopportune moments.  Power outages, equipment failures, traffic jams, sudden, urgent changes in customer specs, etc., etc., will all, at one point or another, intrude upon the orderly execution of any significant project, totally f*ckin’ up your sh*t unless you can convincingly improvise on short notice.

Time is money, and labor is only borrowed, not owned, so you sitting there on your hands is usually not an option.  Unless you do something about it now now NOW you’re gonna be up sh*t creek, mon frere.  The consequences don’t bear thinking about.

And to add insult to injury, your team, just as inevitably as these interruptions will occur, will view them as opportunity to prove the old adage “idle hands are the Devil’s workshop”. … Read the rest

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Why The American Empire Was Destined To Collapse

dollarblowupVia Alternet, author and social critic Morris Berman says that the perverse American Dream made decline inevitable:

The crux of the problem remains the American Dream: even “progressives” see it as the solution — including, I have the impression, the Wall Street protesters — when it’s actually the problem.

The dominant thinking on the left, I suppose, is some variety of a “false consciousness” argument, that the elite have pulled the wool over the eyes of the vast majority of the population, and once the latter realizes that they’ve been had, they’ll rebel, they’ll move the country in a populist direction. The problem I have with this is the evident fact that most Americans want the American Dream, not a different way of life—a Mercedes-Benz, as Janis Joplin once put it. Endless material wealth based on individual striving is the American ideal, and the desire to change that paradigm is practically nonexistent.

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The Heartbreaking Right-Wing Version of ‘We Are the 99 Percent’

xlarge_wearethe53percentOne would expect mocking of We Are The 53%, but in fact the site is “heartbreaking”, writes Gawker:

Did you know that if you are uninsured or jobless, you should just suck it up? That if you’re overworked or underemployed, you should be thankful? Learn all that—and more!—at “We Are the 53%,” the right wing’s incredibly depressing response to Occupy Wall Street!

We Are the 53%” was created thought up by CNN’s chief goat-fucking correspondent Erick Erickson as a response to “We Are the 99 Percent,” an Occupy Wall Street-affiliated blog that collects the stories of the underemployed, overworked, debt-ridden and uninsured victims of the recession. The blog, run by conservative filmmaker Mike Wilson, gets its name from the popular (and wildly simplistic!) Republican talking point that only 53 percent of households pay federal income taxes.

What makes “We Are the 53%” so heartbreaking isn’t that its contributors are enormous jerks—it’s that so many of them could just as easily be writing in to We Are the 99 Percent.

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