[Marxism] China: A Very Self-Confident Imperialist Great Power

2019-12-15 Thread RKOB via Marxism

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A Very Self-Confident Imperialist Great Power

Some notes on China’s self-image as a leading actor of the global order

By Michael Pröbsting, 13.12.2019

https://www.thecommunists.net/worldwide/global/a-very-self-confident-imperialist-great-power/

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[Marxism] Trump Losing To All Democrats In Fox News Poll – Breaking News USA

2019-12-15 Thread Louis Proyect via Marxism

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https://breakingnewsusa.com/2019/12/15/trump-losing-to-all-democrats-in-fox-news-poll/
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Re: [Marxism] Lysenko

2019-12-15 Thread Don Armitage via Marxism
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for context, indispensable:

https://www.versobooks.com/books/2565-marxism-and-the-philosophy-of-science
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[Marxism] Tom Hazeldine, Revolt of the Rustbelt, NLR 105, May–June 2017

2019-12-15 Thread Louis Proyect via Marxism

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TOM HAZELDINE

REVOLT OF THE RUSTBELT

Britain is indeed a special case of uneven development within the Europe 
on which its voters were invited to express their verdict in 2016. The 
astonishing fact is that the uk is more lopsided economically than 
Italy, despite its notoriously incomplete Risorgimento; than Spain, with 
its historic polarity of Catalan–Basque industry and Andalusian 
latifundia; than Germany, where a quarter of a century after 
reunification gdp per head in the East was still only two-thirds of that 
in the West; than France, enshadowed by a metropolis great enough to 
warrant comparison with its cross-Channel neighbour. At sub-regional 
level, output per head is eight times higher in inner west London than 
in west Wales and the Valleys, the largest difference to be found in 
anyeu member state from Bantry Bay to the Dniester.footnote57


https://newleftreview.org/issues/II105/articles/tom-hazeldine-revolt-of-the-rustbelt
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[Marxism] McKinsey infiltrated the world of global public health. Here’s how. - Vox

2019-12-15 Thread Louis Proyect via Marxism

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https://www.vox.com/science-and-health/2019/12/13/21004456/bill-gates-mckinsey-global-public-health-bcg
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[Marxism] Corbyn and Brexit

2019-12-15 Thread Louis Proyect via Marxism

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I'm trying to catch up on this Corbyn defeat by reading NLR articles 
going back to 2016. I am reading Susan Watkins from that year, which is 
titled "Casting Off". (It's not behind a paywall.) I was struck by this 
paragraph that summed up the 2016 Brexit referendum, where all this 
stuff began. Anybody reading this should not be surprised that Corbyn 
got clobbered:


"As the results came in, the scale of the upset became apparent: a 
decisive 52:48 defeat for the government and its array of international 
allies, on a 72.2 per cent turnout that broke all recent records. In 
social terms, nearly two-thirds of the working class (C2, D, E), which 
overall makes up some 46 per cent of the population, voted Leave, on a 
turnout six or seven points above recent general elections."


https://newleftreview.org/issues/II100/articles/susan-watkins-casting-off
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Re: [Marxism] Stephen Pinker�s Pollyannish Philosophy and Its Perfidio us Politics

2019-12-15 Thread Jim Farmelant via Marxism
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I have had a number of beefs with Pinker over his book Enlightenment Now, which 
I think is quite overrated in the humanist community. I also have taken issue 
with Pinker for his habit of misrepresenting the ideas of thinkers that he 
disagrees with. One example of that was he utter distortion of B. F. Skinner's 
ideas in The Blank Slate. Another bad habit of his is failure to give due 
credit to thinkers from the past, on whose work he has drawn upon. Over a dozen 
years ago, I attended a talk by Pinker on the evolutionary psychology of 
religion. In that talk, Pinker made the case that religion acts to promote 
social cohesion by among other things demarcating the boundaries between 
different social groups. So far, so good, but Pinker neglected to mention that 
the French sociologist, Emile Durkheim, had made that very same argument more 
than a century ago. A person could have easily walked away from the talk with 
the impression that this was all Pinker's own thinking.

And don't get me started about Pinker and Marxism. Pinker knows next to nothing 
about Marxism, has no interest in learning about it, but thinks himself to be 
eminently qualified to pontificate about it, nevertheless.


Here is another comment that I made about Enlightenment Now in a FB group 
disucssion back in 2018:

I have been reading Pinker's discussion of social Darwinism and I found it a 
bit unsatisfactory. Pinker complains that the term is too widely used such that 
it has become meaningless. He seems to blame Richard Hofstadter's book, Social 
Darwinism in American Thought, 1860–1915 for this. He also pins blame on 
Stephen Jay Gould as well. Pinker seems to think that the only genuine form of 
social Darwinism was the kind that stemmed from the work of Herbert Spencer and 
his followers. Pinker takes some pains to show that Spencer's thinking about 
evolution was not Darwinian, but was very much Lamarckian. He also emphasizes 
that Spencer's thought was basically libertarian in character and that Spencer 
was an opponent of imperialism and eugenics. Hence, in Pinker's view, it's 
illegitimate to tie social Darwinism with other right-wing ideas .

What Pinker's discussion ignores is that there were indeed other forms of 
social Darwinism around in the late 19th and early 20th centuries besides 
Spencer's. The German biologist Ernst Haeckel, the man who introduced and 
popularized Darwinism in Germany, was also the proponent of his own brand of 
social Darwinism. And his variety of social Darwinism was indeed less 
individualistic than Spencer's, placing emphasis of the struggle for existence 
between competing nations and races. Haeckel was politically an avid supporter 
of Otto von Bismarck. He was himself a staunch German nationalist and he 
attempted to use his work in evolutionary biology to lend support to his 
political beliefs including his embracing of "scientific racism." Pinker says 
nothing at all about Haeckel. His name does not even appear in the book's index.
https://en.wikipedia.org/wiki/Ernst_Haeckel

And yes, if anybody wondered, Pinker is an apologist for capitalism. 
(https://tinyurl.com/s6veyqc).

 Much of Pinker's capitalist apologetics in Enlightenment Now, is derived from 
Pinker's reading of Friedrich Hayek, except that Pinker, who identifies himself 
as a supporter of the center-left, is more supportive of government providing a 
strong social safety net than was Hayek. Many of the flaws in Pinker's accounts 
of how capitalism is responsible for the progress that has been made over the 
past couple of centuries can be found in Hayek, when he wrote on economic 
history.

As I also noted last year. Yoram Hazony professes to respect and admire Steven 
Pinker but doesn't have much use for the Enlightenment. 
(https://tinyurl.com/v3qjvv9)

 I would disagree with Hazony in terms of classifying David Hume and Adam Smith 
as "critics of the Enlightenment." Both men were central figures in the 
Scottish Enlightenment. They were "critics of the Enlightenment" in the same 
sense that all the Enlightenment thinkers can be said to have been "critics of 
the Enlightenment." They all criticized each other. Yoram Hazony makes the same 
sort of error that Steven Pinker does in his book, Enlightenment Now, namely, 
he treats the Enlightenment as a monolith and fails to see that it was full of 
contradictions.

BTW Hume and Smith were close personal and intellectual friends. It was Hume 
who encouraged Smith to devote his academic career to the development of a 
"science of man." The notion of a science of man had been much bandied about by 
other Enlightenment thinkers too, like Rousseau and Kant. 

[Marxism] The Strange Death of Social-Democratic England | by Matt Seaton | NYR Daily | The New York Review of Books

2019-12-15 Thread Louis Proyect via Marxism

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https://www.nybooks.com/daily/2019/12/12/the-strange-death-of-social-democratic-england/
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[Marxism] Snowden: A Whistle-Blower Who Lived to Tell About It

2019-12-15 Thread Louis Proyect via Marxism

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https://lareviewofbooks.org/article/snowden-a-whistle-blower-who-lived-to-tell-about-it/
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[Marxism] Stephen Pinker’s Pollyannish Philosophy and Its Perfidious Politics

2019-12-15 Thread Louis Proyect via Marxism

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(Very interesting. The James Martin mentioned below was an IT guru from 
the 1960s and 70s that everybody took seriously, including me. That 
Stephen Pinker relies on his data makes me wonder how I could have gone 
wrong.)


This brings up another important point: the origins of Pinker’s data. 
Just over a third of the charts and tables in his book come from a 
single source: Our World in Data, housed in an Oxford University entity 
called the Oxford Martin School, founded in 2005 with the largest 
donation in Oxford’s nearly millennium-long history by an IT consultant, 
best-selling author, and technology evangelist named James Martin.


https://lareviewofbooks.org/article/pinkers-pollyannish-philosophy-and-its-perfidious-politics/
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[Marxism] Corbyn’s Defeat and the Democratic Socialists of America   – New Politics

2019-12-15 Thread Louis Proyect via Marxism

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By Dan La Botz

https://newpol.org/corbyns-defeat-and-the-democratic-socialists-of-america/
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Re: [Marxism] Tweets from Luigi Pagarini on Corbyn

2019-12-15 Thread MM via Marxism
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> On Dec 15, 2019, at 11:42 AM, Louis Proyect via Marxism 
>  wrote:
> 
> The idea of working class people voting for a party to tax the rich to pay 
> for redistribution and public services was completely novel, and generally 
> immediately attractive. It was amazing to see how quickly and instinctively 
> they grasped a left-wing agenda while saying they had never thought about it 
> before. There seems like a huge opportunity there for the left to make 
> inroads with younger non-graduates in towns but how do we reach them? 
> Organising and social media I guess?


Plenty of useful reflections in this thread but the left needs to stop 
repeating the lie that we need rich people’s money to pay for things. If it 
isn’t necessary to tax the rich in order to pay for bank bailouts or a bloated 
military, it isn’t necessary to tax them to pay for social programs, 
infrastructure, or anything else we need. We should tax them anyway—tax them 
out of existence, if we can—but in order to eliminate their financial and 
political power, not because we need their money. There are constraints on the 
treasury’s ability to advance the common good, but those constraints are 
political (balance of forces) and material (sufficient supply of inputs, 
including labour), not financial (availability of liquidity). The capitalist 
class understands this perfectly well, which is why they don’t hesitate to use 
the treasury for their own ends, and why they’re so committed to keeping the 
rest of us attached to this enabling myth of austerity. We should stop making 
their war against us so easy for them.
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[Marxism] How the Superrich Took Over the Museum World

2019-12-15 Thread Louis Proyect via Marxism

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NY Times Op-Ed, Dec. 15, 2019
How the Superrich Took Over the Museum World
By Michael Massing

(Mr. Massing is the author, most recently, of “Fatal Discord: Erasmus, 
Luther and the Fight for the Western Mind.”)


With the recent opening of its sleek new quarters, the Museum of Modern 
Art has solidified its position as one of the world’s leading showcases 
for high culture. Designed by the “starchitect” firm of Diller Scofidio 
+ Renfro, the renovation cost $450 million; that comes on top of the 
$425 million the museum spent on an earlier makeover, in 2004. That 
redesign came under sharp criticism, and within a decade a new overhaul 
was deemed necessary. In less than 20 years, MoMA has spent almost a 
billion dollars reinventing itself.


Most of that money has come from the museum’s board of trustees. For the 
2004 renovation, 50 trustees donated $5 million each. For this go-round, 
board members have again opened their wallets, along with David Geffen, 
who does not sit on the board but provided a whopping $100 million. The 
vast fortunes that make such do-overs possible raise questions about the 
composition of MoMA’s board at a time when such boards in general face 
growing scrutiny.


Earlier this year, both the Metropolitan and Guggenheim museums 
announced they would no longer accept donations from those members of 
the Sackler family linked to OxyContin, the powerful painkiller 
implicated in the opioid crisis. In July, Warren Kanders resigned as a 
vice chairman of the Whitney Museum after weeks of protests directed at 
his ownership of a company that manufactures tear gas canisters that had 
been used against migrants on the United States-Mexico border. And on 
Oct. 18 — three days before MoMA’s reopening — more than 100 activists 
picketed an exclusive preview party, calling on one of its board 
members, Laurence Fink, and his company, BlackRock, to divest its 
holdings in private prison companies.


Individual cases like these reflect a more fundamental reality about 
museums: their dominance by the superrich in an age of mounting anger 
over income inequality.


MoMA is a prime example. Of its 51 trustees who have a vote, at least 45 
(by my count) work in finance, the corporate world, real estate or law, 
or are the heirs or spouses of the superrich. Only a handful come from 
outside these gilded ranks, among them the writer and actress Anna 
Deavere Smith and the Harvard professor of history and race Khalil 
Gibran Muhammad. As has been widely reported, both MoMA and the Met 
expect wealthy newcomers to give millions of dollars as the price of 
membership. (Because donations to museums are for the most part 
tax-deductible, the giving is leavened with a sizable dose of 
self-interest.)


Art has always depended on wealthy patrons; see the Medicis, Frick and 
Morgan. In contrast to Europe, where museums receive significant (though 
now decreasing) state funding, most American museums rely heavily on 
private donors. And, since the late 1990s, when MoMA’s current push to 
expand began, its trustees appear to have been chosen overwhelmingly for 
their wealth, and the board now reads like a roll call of the 0.01 percent.


To take a random sample: MoMA’s president, Ronnie Heyman, is the 
chairwoman of GAF, a roofing manufacturer that her husband, Samuel 
Heyman, acquired in a hostile takeover. Philip Niarchos is heir to the 
fortune of the Greek shipping magnate Stavros Niarchos. Jerry Speyer is 
the chairman and a founding partner of Tishman Speyer, the real estate 
colossus that owns Rockefeller Center. Marlene Hess is the daughter of 
Leon Hess, the oil tycoon who owned the New York Jets. John Elkann is 
heir to Italy’s Agnelli family, Joel Ehrenkranz is a senior partner in a 
wealth management firm and Zhang Xin is a Chinese billionaire businesswoman.


Many of MoMA’s trustees are devoted collectors of modern and 
contemporary art, and the museum has benefited accordingly. One longtime 
trustee (and former president), Agnes Gund, has funded or donated to the 
museum more than 800 works. And realistically, without the generosity of 
its trustees, the Modern might have a hard time keeping its doors open.


Yet its dependence on the kindness of billionaires comes at a price. 
Today’s museum world is steeply hierarchical, mirroring the inequality 
in society at large. In May, the activist group Art + Museum 
Transparency, seeking to break “the culture of silence and fear” in the 
industry, published a spreadsheet featuring salaries anonymously entered 
by hundreds of museum employees. According to it, MoMA curators seem 
very well paid; people in more junior positions much 

[Marxism] Maureeen Dowd column in NY Times: Trump's Bad. Sadly, He's Not Alone

2019-12-15 Thread Alan Ginsberg via Marxism
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I've omitted the first few paragraphs and am starting with an excellent
discussion of Democrats, liberals, foreign policy and military elites:

We see a constant parade of Washington pooh-bahs like James Comey, Andrew
McCabe and John Brennan on cable, sounding the alarm and presenting
themselves as the white hats to Trump’s black hat. Retired generals grimace
at the president’s impetuous, ego-driven foreign policy.

The left keens that the president is destroying our sacred institutions and
jeopardizing our national security. But for many Americans, the events of
the last week prove that Trump is right to be cynical about a rigged system
and deep-state elites.

The inspector general’s report about the F.B.I.’s Russia investigation
offered a hideous Dorian Gray portrait of the once-vaunted law enforcement
agency. As Charlie Savage wrote in The Times, the report uncovered “a
staggeringly dysfunctional and error-ridden process.” The F.B.I. run by
Comey and McCabe was sloppy, deceitful and cherry-picking — relying on
nonsense spread by Christopher Steele.

With the stunning and sad “Afghanistan Papers,” The Washington Post
revealed what we knew in our hearts: We have spent 18 years and a trillion
dollars in Afghanistan, with generals lying and hiding evidence that the
war was unwinnable, just as the generals did in Vietnam. As one general
conceded, they did not understand Afghanistan and didn’t have “the foggiest
notion” of what they were doing.

Even as President Barack Obama escalated the war, poured in more billions
and promised to crack down on corruption, The Post said, the United States
looked away and let its allies — the Afghan president, warlords, drug
traffickers and defense contractors — wallow in fraud, corruption and dark
money.

Then there’s “The Report,” streaming on Amazon, the heroic saga of Daniel
Jones, played by Adam Driver. Jones is working for Dianne Feinstein on the
Senate Intelligence Committee and spends years compiling a report
documenting the C.I.A.’s use of waterboarding and other forms of torture in
secret prisons, a barbaric, un-American and ineffective system designed by
two creepy psychologists who were paid about $81 million by the C.I.A.

The movie is not kind to Barack Obama and Denis McDonough, suggesting that
they protected the C.I.A. and tried to bury grisly details from the report
to fend off criticism that Obama was weak on terrorism. It is also a harsh
portrayal of Brennan, MSNBC’s Voice-of-Morality, who, as C.I.A. director,
fought the Senate inquiry so hard that his operatives even clandestinely
hacked into the computer network of committee staff members to figure out
how they were getting their information.

If this weren’t enough institutional perfidy for one week, we had the
Boeing hearing in Congress: An F.A.A. analysis done after the first deadly
crash off the coast of Indonesia showed that the agency knew that if it did
not act, the Boeing 737 Max was likely to crash 115 times in the 45 years
it was expected to fly, theoretically killing more than 2,900 people. But
that wasn’t enough to immediately ground it. The government is supposed to
protect us from the greedy capitalists, not the other way around.

Unfortunately, this climate of confusion and cynicism allows Trump to
prosper. He did not come to Washington to clean up the tainted system; he
came to bathe in it.

full at
https://www.nytimes.com/2019/12/14/opinion/sunday/trump-afghanistan-report-boeing.html
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[Marxism] Social Movements for Climate, Justice during the Decline, of Global Governance

2019-12-15 Thread Louis Proyect via Marxism

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By Patrick Bond

https://esforum.de/publications/sfr23/chaps/SFR23_08_Bond.pdf
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[Marxism] Tweets from Luigi Pagarini on Corbyn

2019-12-15 Thread Louis Proyect via Marxism

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I did around 120 hours of canvassing in London, Bedford and Milton 
Keynes. I didn’t expect this result but here’s how I can make sense of 
it from what I encountered on the doorstep.


The age differential was stark. Of course many of the older people I 
spoke to were polite and pleasant but 100% of the people who were rude 
and hostile were 50-80 years old. All of the oldest (>80) and younger 
(<40) voters were polite, whomever they were voting for.


There was a visceral hatred of Corbyn (sometimes combined with Diane 
Abbott) from a section of voters outside inner London, primarily older 
white voters, both middle and working class. So far, so obvious. How did 
the demonization of Corbyn have such a strong effect in 2019 but not in 
2017?


Although on the face of it that demonization has been raw and 
relentless, actually it has only circled around the key charge, never 
making it explicit,... ... so it has taken four years for low engagement 
voters to absorb it fully. The real charge against Corbyn is that he 
fundamentally believes that British/white lives are of equal value with 
the lives of others.


Our opponents wouldn’t put it so bluntly but that is what it has always 
been about. That prioritisation of British lives must always be assumed, 
never justified, taken for granted as the ground the state is built on, 
never officially avowed except through ritual. The cenotaph. Gerry 
Adams. Prosecutions of historic crimes in N.I. Laying wreaths in foreign 
cemeteries. Poppies. Diane Abbott. Pushing the button. Watching the 
Queen at Christmas.


It is impossible to defend Corbyn against this unspoken charge because 
it is clearly true. When these voters talk about having paid into the 
system all their lives, they’re not just talking about literal national 
insurance payments and the financial benefits they’re entitled to in 
recompense.


They’re talking about a life of loyalty and deference to the state they 
expected to be their exclusive patron; and now they see a Labour leader 
who seems to invite the whole world to his allotment, to offer his 
homemade jam to anyone who needs it,... ... no matter which flags their 
ancestors have spilt their blood for. I think this is also how the 
anti-semitism scandal had such a big effect on people who don’t really 
care about anti-semitism itself.


Leaving aside all the people who do care about anti-semitism for its own 
sake,... ... for a lot of people Corbyn’s association with anti-semitism 
seems to represent his association with Islam, where Islam in turn comes 
to stand for the undifferentiated mass of humanity making a claim for 
equal eminence.


What is particularly strange about all this is how it has moved away 
from primarily a concern about immigration itself, to a broader set of 
questions of patriotism, fiscal constraint, Brexit for its own sake 
rather than to end free movement, and deference to authority. With such 
voters, already retired or coming towards the end of their careers, talk 
of what we can build together leaves them sceptical and uncomprehending. 
It seems more zero sum to them.


We have salvaged a small horde from the imperial wreck and only those 
whose fealty is proven can claim their share. I have absolutely no idea 
how we can appeal to such people. The idea of taxing the rich didn’t 
seem persuasive as these people just think it is impossible.


They want the patronage of the powerful, not to challenge their power. I 
also canvassed a lot of young (18-35) working class people who had very 
little engagement with politics. Many had voted in the referendum (leave 
or remain but with much less conviction than the older voters) but only 
occasionally vote otherwise. Many had never heard about class politics 
at all.


The idea of working class people voting for a party to tax the rich to 
pay for redistribution and public services was completely novel, and 
generally immediately attractive. It was amazing to see how quickly and 
instinctively they grasped a left-wing agenda while saying they had 
never thought about it before. There seems like a huge opportunity there 
for the left to make inroads with younger non-graduates in towns but how 
do we reach them? Organising and social media I guess?



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Re: [Marxism] Salon -- Russia went looking for puppets in America — and they found Trump and the Republicans

2019-12-15 Thread Louis Proyect via Marxism

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I just Tweeted this on his account there:

I asked someone if there was any beer, and he gave me a stern look and 
said they didn’t allow drinking at their meetings.


---

That was me. I could tell right off the bat that you were just a schmuck 
looking for trouble.

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Re: [Marxism] Salon -- Russia went looking for puppets in America — and they found Trump and the Republicans

2019-12-15 Thread Louis Proyect via Marxism

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On 12/15/19 10:39 AM, Alan Ginsberg via Marxism wrote:

Vicious redbaiting piece, being picked up by AlterNet and other
progressives/resisters.


It was written by Lucian Truscott IV who wrote for the Village Voice 
decades ago. He was a West Point graduate who used to write cranky 
rightwing letters to the Voice until they gave him a job writing 
hippie-bashing articles. What he wrote in this article about the SWP was 
pure blithering idiocy. The rancid Salon with its full page pop-up ads 
for cars and antacids is just the right venue for him.

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[Marxism] Salon -- Russia went looking for puppets in America — and they found Trump and the Republicans

2019-12-15 Thread Alan Ginsberg via Marxism
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Vicious redbaiting piece, being picked up by AlterNet and other
progressives/resisters.

Claims that not only the CPUSA, but Progressive Labor, Socialist Workers
Party, Workers World, SDS, Weatherman and even the Socialist Labor Party
(!) were pawns of the Kremlin.

https://www.salon.com/2019/12/14/russia-and-the-republicans-how-vladimir-putin-got-an-american-subsidiary/
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[Marxism] Jeff Bezos and His Billionaire Space Fantasy

2019-12-15 Thread Louis Proyect via Marxism

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https://www.jacobinmag.com/2019/12/jeff-bezos-the-expanse-space-fantasy-sci-fi-syfy
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[Marxism] Revealed: OPCW whistleblower made false claims about 'suppressed' Douma report | al-bab.com

2019-12-15 Thread Louis Proyect via Marxism

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https://al-bab.com/blog/2019/12/revealed-opcw-whistleblower-made-false-claims-about-suppressed-douma-report
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[Marxism] [SUSPICIOUS MESSAGE] This Is What Racism Sounds Like in the Banking Industry

2019-12-15 Thread Louis Proyect via Marxism

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(Chase CEO Jamie Dimon responded to this article in an open letter; 
https://secure-web.cisco.com/1V63Itackax2XSRWyfdjM6wdlWxT95KqVc2i9hvjbrJ9lIDfp8bYDmRClmzMN6U3SaAzG3Mo2I3pBsknD_0X_UJ2Hw3lhrxH53vZ_hD4Pq_94WNgbbMFZd_8S93fWiT9s8m90x8oTmchdoi_sMswJAouKQfaVfsjXUpIlxDGv6-3WzvUGph4d0d-J4d1p91kMYsHkqi_PHbMs-jRHXKR4MKTS-kHJBoiB7nNb6jiR48VWadG_j0vOeklVwSHE0Bt5mWis-USEWux8iaUzh9PXNZiXdDeL4Iwsp4FcLO3YQnn0RIisUVuI6-2LxPE-NjKFpdlMgdxbLf9pZ4msgLUnJRDcjecAXcMyHtywqRNgs31Y_oOCwXpG-sMnO97fwfut/https%3A%2F%2Fwww.chase.com%2Fpersonal%2Fresponse)


NY Times, Dec. 14, 2019
This Is What Racism Sounds Like in the Banking Industry
By Emily Flitter

Jimmy Kennedy earned $13 million during his nine-year career as a player 
in the National Football League. He was the kind of person most banks 
would be happy to have as a client.


But when Mr. Kennedy tried to become a “private client” at JPMorgan 
Chase, an elite designation that would earn him travel discounts, 
exclusive event invitations and better deals on loans, he kept getting 
the runaround.


At first, he didn’t understand why. Then, last fall, he showed up at his 
local JPMorgan branch in Arizona, and an employee offered an explanation.


“You’re bigger than the average person, period. And you’re also an 
African-American,” the employee, Charles Belton, who is black, told Mr. 
Kennedy. “We’re in Arizona. I don’t have to tell you about what the 
demographics are in Arizona. They don’t see people like you a lot.” Mr. 
Kennedy recorded the conversation and shared it with The New York Times.


It’s no secret that racism has been baked into the American banking 
system. There are few black executives in the upper echelons of most 
financial institutions. Leading banks have recently paid restitution to 
black employees for isolating them from white peers, placing them in the 
poorest branches and cutting them off from career opportunities. Black 
customers are sometimes profiled, viewed with suspicion just for 
entering a bank and questioned over the most basic transactions.


This year, researchers for the National Bureau of Economic Research 
found that black mortgage borrowers were charged higher interest rates 
than white borrowers and were denied mortgages that would have been 
approved for white applicants.


Banks, including JPMorgan, say they are committed to eradicating the 
legacy of racism. And they insist that any lingering side effects simply 
reflect stubborn socioeconomic imbalances in society as a whole, not 
racial bias among their employees.


What recently transpired inside a cluster of JPMorgan branches in the 
Phoenix area suggests that is not true.


Mr. Kennedy was told he was essentially too black. His financial 
adviser, Ricardo Peters, complained that he, too, was a victim of racial 
discrimination. What makes their cases extraordinary is not that the two 
men say they faced discrimination. It is that they recorded their 
interactions with bank employees, preserving a record of what white 
executives otherwise might have dismissed as figments of the aggrieved 
parties’ imaginations.


Patricia Wexler, a JPMorgan spokeswoman, defended the bank’s overall 
treatment of Mr. Peters and Mr. Kennedy. She said that the bank hadn’t 
been aware of all of the audio recordings and that “in light of some new 
information brought to us by The New York Times,” the company put one of 
its executive directors on administrative leave while the bank 
investigates his conduct.


The Back of the Branch

Mr. Peters started his career at JPMorgan as a salesman in the bank’s 
credit cards division. After about eight years in various roles, he was 
promoted to a financial adviser position in Phoenix in 2016. His job was 
to help bank customers prudently invest their money.


Mr. Peters had won numerous performance awards at the bank, but things 
soon started going wrong for him.


He was working in a JPMorgan branch in the affluent Sun City West area 
of Phoenix. He sought a promotion to become a private client adviser, a 
job that would have let him work with wealthier and more lucrative clients.


The promotion never came. Instead, Mr. Peters was moved out of an office 
at the heart of the branch where he worked with other financial advisers 
and was relegated to a windowless room in the back.


In April 2017, one of his bosses, Frank Venniro, told Mr. Peters that 
another manager had accused him of taking customers’ files home at 
night, a violation of the bank’s code of conduct. Mr. Peters denied it, 
and Mr. Venniro accepted that he was telling the truth, according to a 
recording of the conversation. But, he added, Mr. Peters needed to be 
more 

[Marxism] [SUSPICIOUS MESSAGE] Land and the rentier economy | Michael Roberts Blog

2019-12-15 Thread Louis Proyect via Marxism

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Christophers shows that land makes up a staggering share of national 
wealth. Using the UK as his laboratory, he finds that, out of total 
national wealth of £9.8tn, land accounted for £5tn and houses and other 
structures added another £3.5tn on top of that.  The ownership of land 
acts as a store of wealth and, as the rents rack up, so grows inequality 
of incomes and wealth, while restricting the productive power of an economy.


https://secure-web.cisco.com/1wlJfmTSlGWc775c_hrPyJQmaVYDGnovwNq4NmEBEgtVJ5vh-oN4h8zOt5DQzGsktSGoj8Nigol8c1BlTJtwwOpiDPDqYqcB5yRP5oIJllmGQaahBKa0dng8bhRhe2XeWMKoheRC6K1IXinm6Q8NOwJD04kW2yI-q40iRb19vQQjzz-bJZttj6m2hGSdZxv9--dwDT1embfYbCtG8zvfK-TDllIfN4rHnyo4nAP9gnjeB-N5AJKjhb6An86bYy-Ukl-3K7R1cOtpiJJ8f8OlsRycUrm_ms701Omn1zAbayhq-kIUh1adXpocVMUmipwt8sSUB7dwbNkOCxMsTz3Qu7UsXj0IGzJu84qCB-EgNincCfmx0U7PGD7s771VzVCre4VjiPBKVLS4KxYmfAX1uUw/https%3A%2F%2Fthenextrecession.wordpress.com%2F2019%2F12%2F15%2Fland-and-the-rentier-economy%2F

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[Marxism] Waiting for Godot | Jenny Farrell | Culture Matters

2019-12-15 Thread Kevin Lindemann and Cathy Campo via Marxism
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https://www.culturematters.org.uk/index.php/arts/theatre/item/3210-beckett


Sent from my iPhone


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