Thursday, February 18, 2016
We invented democracy because human beings have a tendency to confuse their own interests with the public’s. Steve Randy Waldman
The First Cut: A court has sided with the government in insisting that Apple supply the FBI with software to break encryption on a particular cell phone. Apple, which originally said it could not be done, says that to do so would open the door to similar intrusions on its customers privacy by authoritarian governments. Donald Trump, like many others, insists that invading some people's privacy is acceptable – as long as it's not his, which is pretty much Tim Cook's point. Besides, doesn't the NSA have all the relevant calls on file?
On Point: “A uterus doesn’t qualify you to be president of the United States. You have to have policies that’s reflective of social justice.'”
Back To The Drawing Board: Goldman Sachs economists are questioning the efficacy of capitalism and asking if corporate profit margins can maintain their current elevated levels. What if our understanding of economics is wrong and corporate capitalism is fatally flawed? At base capitalism is all about making money (or rather, increasing the wealth of the capitalists at the expense of everyone else) and is wholly indifferent to how this is accomplished – producing goods, providing services or extracting rents. Some are beginning to suspect that Marx was right and that all capital is taken from labor and not produced magically elsewhere in the process.
On The Money: “Our portfolio advice has been pretty horrendous lately..” JP Morgan. Lately?
The War Lovers: Donald Trump only gets partial credit for pointing out that Bush invaded Iraq based on lies. While true, it only gets to the mechanism, not the motivation. Yes, Bush's advsiors – neocons all – lied, but they lied for a reason. They were true believers in an ideology that demanded American , through an unending series of military adventures, make the world safe for America. That ideology behind the Project for the New American Century still dominates the upper reaches of the GOP.
Evidence: It turns out that the Oregon seditionists were, as we thought, full of
Embryology: The point missed by most of those who doubt Senator Sanders' chances to win the fall election is that winning this time is not the essential point. Yes, it would be nice. And yes, even if Bernie wins he won't get most of what he and his supporters want. The movement is the point. The occupy movement. The Black Lives Matter movement. The takeaway is simply this: Another Sanders, younger, perhaps of color, could one day soon win the Presidency at the head of a movement strong enough to change the direction of the country.
Third Time's Not A Charm: On an annual basis, US Industrial production has fallen for a third consecutive year. This has happened 19 times in the last 100 years, and in 90% of those occasions an economic recession has followed.
Porn O'Graph: Something's happening here...
The Parting Shot:
Posted by Charles Kingsley Michaelson, III at 7:23 AM