Economic Justice

Extreme Capitalism

What does Bernie mean when he says America has become an oligarchy? One way to think of it is something I’ve said before (not on this website) that the banks and insurance companies won’t be satisfied until there is a complete and utter “economic apartheid” – and that seems to be where we are now. Another way is how Anand Giridharadas describes extreme capitalism.

We don’t know if Anand Giridharadas explicitly endorses Bernie Sanders, but all of his ideas point to Bernie’s platform. In this first short audio, we get the gestalt of the concepts Anand conveys.


The rhetoric that comes from Wall Street

When we have an all or nothing conversation about capitalism, we are playing into the hands of extreme capitalists. This is a rhetoric that comes from Wall Street.
- Anand Giridharadas

This is the confusion or logjam that comes when people believe Bernie is a “socialist.” He isn’t. His ideas come from Democratic Socialism.

Here is Bernie Sanders at a Boone Iowa Town Hall – in teaching mode – on economic growth.


Bernie Sanders on economic growth

Economic growth, unto itself, should not be our end goal. Our goal – you can theoretically have all the economic growth you want, it doesn’t impact the majority of people. We want to create policies that work for working people. That’s what we want to do.
- Bernie Sanders

Here Anand Giridharadas explains Extreme Capitalism in detail. The video is captioned in Dutch, but is spoken in English.


Anand Giridharadas explains Extreme Capitalism

Hasan Minaj asks Anand Giridharadas, “Who Do You Want To Tax?”


Hasan Minaj and Anand Giridharadas play Who Do You Want To Tax

Feels Like Being At A Fire Conference And No One's Allowed To Speak About Water

[Rutgar Bregman(https://coyotenews.org/ubi/)


Rutgar Bregman at Davos 2019

Warren Gunnels

Corporate Socialism


Rutgar Bregman at Davos 2019
  • * Word out is that Joe Biden is considering Jamie Dimon for a cabinet position.

Class Warfare

The Future of Left Politics

Up until a few minutes previous Bob the Harvard cop and I were the only two people in the hall. He didn’t know who Krystal Ball is so I showed him a clip from Rising on my phone. We chatted for several minutes. He did know who Bernie Sanders is and had a few questions which I answered for him.

Two of the organizers came in and Bob went over to them. I was still standing near the door. I had come early. I was told that 3–3:30pm would not be too early to get in line, so that’s where I was when Krystal Ball came in. She said hi, met with the organizers and Bob the cop, and on her way back out stopped and we shook hands. Krystal Ball is cool, kind, and gracious.

Images from Class Warfare, Longfellow Hall, Harvard University, January 28, 2020.

Krystal Ball, organizers physics and psych, and Bob the Harvard cop.

Krystal Ball, organizers physics and psych, and Bob the Harvard cop.
Krystal Ball, organizers physics and psych, and Bob the Harvard cop.
Event signage
Event signage
After Krystal Ball left it was just me, organizer physics, and Bob the Harvard hall monitor.
After Krystal Ball left it was just me, organizer physics, and Bob the Harvard hall monitor.
Finally we get in, after an horrendous checkin - ever want to know what it feels like to be undocumented? that was your chance. The event slide.
Finally we get in, after an horrendous checkin - ever want to know what it feels like to be undocumented? that was your chance. QR code reader deleted long ago. It was facebook that wanted to know who and where you were. The event slide.
First panel, l-r: Krystal Ball, Meagan Day, Nomiki Konst, Katie Halper.
First panel, l-r: Krystal Ball, Meagan Day, Nomiki Konst, Katie Halper.
Second panel, l-r: Michael Brooks, Cornel West, Esha Krishnaswamy, Phillip Agnew.
Second panel, l-r: Michael Brooks, Cornel West, Esha Krishnaswamy, Phillip Agnew.
The close-ups, 1/3: Krystal Ball
The close-ups, 1/3: Krystal Ball
The close-ups, 2/3: Cornel West
The close-ups, 2/3: Cornel West
The close-ups, 3/3: Phillip Agnew
The close-ups, 3/3: Phillip Agnew

The Media Monopoly

Bernie speaking on the media
Bernie speaking on the media

Compare this 1983 book review for The Media Monopoly by Ben Bagdikian with our present situation with media blackouts and now with Bloomberg, owning a media outlet and having entered the 2020 presidential contest; and Buttigieg whose early endorsers/supporters/investors include bezos, owner of the Washington Post, and Hastings, owner of Netflix.

Ben Bagdikian, in his classic muckraker volume *The Media Monopoly*

Ben Bagdikian, in his classic muckraker volume The Media Monopoly (Beacon, $14.95), unearths the nuts and bolts of that problem. Bagdikian is a crochety media critic, the kind of guy you’d expect to find squirreled away behind an ancient wooden desk, chomping a cigar while he spouts heresies from beneath a battered green visor. And what he has to say about the monopolization of our information sources ought to be front-page news.
The book is a series of vivid horror stories. In the 1950s, when Senator Joseph McCarthy admitted to publisher William Randolph Hearst, Jr., that he really had no solid information about any communists in the State Department, Hearst said not to worry — then he highlighted McCarthy’s bogus accusations in headlines across America. The witch hunt — one of the most terrifying eras of political repression in U.S. history — was off and running.
Hearst owned an aptly named “chain” of newspapers — which, Bagdikian insists, is a contradiction in terms. Though they traffic in what most precious of public rights, the free flow of information, the links in these chains are often handled like mere digits on corporate balance sheets. In the 1930s, for example, the Hearst chain suddenly killed two of its own newspapers in Rochester, New York, giving the rival Gannett chain a monopoly there. Local citizens were mystified, until they learned that the Gannett chain simultaneously killed two of its papers in Albany, thus trading Hearst one monopoly for another. Both chains no doubt profited from the deal, but the implications, both for public access to information and for the fate of journalistic freedom, were obvious. Small wonder that a poll of the American Society of Newspaper Editors has revealed that fully a third of them do not feel free to run a news story that would damage their parent firm.
However, Bagdikian’s most gruesome story is reserved for the book publishing industry. In 1973 MIT professor Noam Chomsky’s Counter-Revolutionary Violence, which criticized U.S. policy in the Third World, was slated to be published by a subsidiary of Warner, Inc. With 10,000 copies already off the press and ready for stores, Warner’s president David Sarnoff reportedly ordered the volumes physically destroyed, claiming that Chomsky’s meticulous scholarship was “worthless and full of lies.” Sarnoff later paid Richard Nixon $2 million for his memoirs, a publishing event accompanied by a profusion of praise for the First Amendment. As the old saying goes, freedom of the press belongs to those who own one.
Bucky Fuller once compared governments to blood clots blocking the flow of democracy; Ben Bagdikian here shows that the same could be said of corporations vis á vis the flow of public information. “The media provide un-integrated fragments of [corporate] arrogance, without the coherence that brings understanding,” he charges. “The major media speak with clarity and persistence about the sins of the powerless, but they do not speak with clarity and persistence about the sins of private power.”
Someone has to, and that’s what makes this book must reading. If fifty corporations can control what we know, then there’s no such thing as American democracy. Garbage in, garbage out.
— Harvey Wasserman, New Age Journal, November 1983.

Bernie speaking on the media
Bernie speaking on the media