Drudge Retort: The Other Side of the News

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Sunday, February 07, 2016

Nine times out of ten, electoral politics at the national level these days does more to disable democracy than to enhance it. Sometimes, though, elections can be good for something. This may be one of those times.
Defying all expectations, the campaigns of Donald Trump and Bernie Sanders came from out of nowhere and changed everything. Those who do think that the brain says "Hillary" can easily be disabused of their illusions.
For anyone who cares about economic, racial and gender equality, and about restoring basic rights and liberties and establishing a just and humane social order, and for anyone who wants to diminish murder and mayhem and terrorism around the world, and to protect the earth and everything in it from the ravages of capitalist greed, getting the United States off the neoliberal-neoconservative track that it has been on since at least the late 1970s should be Priority Number One. (Andrew Levine) read more

Thursday, February 04, 2016

A United Nations panel has ruled in favor of WikiLeaks founder Julian Assange, news outlets are reporting Thursday, in a potentially game-changing development that could lead to the whistleblower going free for the first time in nearly four years. The UN panel is expected to announce its findings at 11 a.m. Geneva time on Friday. As Edward Snowden noted on Twitter, "this looks big." Assange "had raised repeated concerns about Swedish demands that he be questioned in person over the allegations, due to fears he may be extradited to the US. A grand jury investigation is still believed to be under way in the US following WikiLeaks' publication of the Afghan war diary and United States diplomatic cables." read more

"I find the whole thing astonishing and what's remarkable is the amount of anger whether it's on the Republican side or the Democratic side…. Bernie Sanders, to me, is almost more stunning than some of what's going on in the Republican side. How is that happening, why is that happening?" (William M. Boardman)

You'd think you were reading the Onion read more

Wednesday, February 03, 2016

12 nations are expected to sign the Trans Pacific Partnership (TPP) in New Zealand on Thursday. Opponents in the U.S. and beyond criticize the deal's worst provisions, which pose serious dangers to the climate, working families, and democracy.
Recent reporting suggests Congress won't take up the issue until after the November elections. Gee I wonder why?
Sen. Elizabeth Warren (D-Mass.) said in the U.S. Senate, "most of the TPP's 30 chapters don't even deal with traditional trade issues, most of TPP is about letting multinational corporations rig the rules on everything from patent protection to food safety standards, all to benefit themselves."
Warren was one of 38 senators who voted against a bill last year allowing the president to "Fast Track" trade agreements like the TPP through Congress on a simple majority vote, with senators unable to amend the deals or challenge specific provisions. (Deirdre Fulton) read more

Michael Hudson is the best economist in the world. Most are neoliberal shills for finance.
Hudson learned more economics from work than from school. On Wall Street he learned how lending inflates land prices and interest payments. The more banks lend, the higher real estate prices go. As mortgages rise, more income and rental value are paid to Banks. When the imbalance becomes too large, the bubble bursts.
The economy no longer works for ordinary people. Western economies have been financialized in a predatory way that sacrifices the public interest to the interests of the financial sector. Finance is an unproductive parasite on the economy. To learn economics, read Hudson's book, "Killing the Host". Through it you can understand economics better than any neoliberal economist.
If you put Hudson's analysis of financialization together with the adverse impact of jobs offshoring, you will see that the present economic path of the Western world is doomed. (Paul Craig Roberts) read more


Can we not engage in intelligent (educated) enough discussion that we use the same definition of terms?

cap•i•tal•ism noun: 1. an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state

so•cial•ism noun: 1. a political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole. 2. policy or practice based on the political and economic theory of socialism 3. (in Marxist theory) a transitional social state between the overthrow of capitalism and the realization of communism.

com•mu•nism noun: 1.a political theory derived from Karl Marx, advocating class war and leading to a society in which all property is publicly owned and each person works and is paid according to their abilities and needs.

fas•cism: noun: 1.an authoritarian and nationalistic right-wing system of government and social organization. 2. extreme right-wing, authoritarian, or intolerant views or practice.

I would add the merger of Government and Corporate purpose and function, a clear modern American trend. Notice how all the rightie-tighties on this site pretend its about social democracy. What a bunch of deluded morons.
Hardly anyone, least of all Bernie, wants to eliminate private property anymore (ie communism)

However, it is my opinion that natural monopolies belong in the public sector. These include roads, bridges, schools, libraries, utility distribution, water and sewage, landlines, ports, airports. Our founding Fathers recognized that the Post Office is just one such institution and they built it into our Constitution (Article I, Section 8). A structure which right wing extremists (fascists) in Congress are determined to dismantle.

By now it should be clear the rightie-tighties use their own unique definition of all these terms. In doing so they make intelligent convergent discussion impossible. This serves their purpose which is to concentrate wealth, a natural process under Capitalism, which the game of Monopoly mimics.

Capitalism and Socialism exist side by side in a slightly different mix in every country in the world.

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