Browsing All Posts filed under »Economics and Politics«

The Deficit Hawk Putsch

August 1, 2011


We are witnessing a time in American politics and economics that might evoke the response of the dying Colonel Kurtz in Conrad’s “Heart of Darkness”: “the horror, the horror” at what apparently to Kurtz was a “a supreme moment of complete knowledge”. The catastrophe has revealed itself in slow motion but it should be clear […]

Pres. Obama, Tea Party Republicans and Deficit Hawks are, Together, Ripping Up the American Tapestry

July 24, 2011


Today, the debate in Washington about the debt ceiling and budget deficits has been skewed beyond recognition, endangering the viability of government as an effective instrument of popular will.  The intent to cut federal spending in the face of a crisis of demand in the private economy is currently shared by mainstream political actors of […]

President Obama has Let the Barbarians In…Now We (or He) are Going to Have to Drive Them Out

July 1, 2011


Before the advent of a world economic system in the last few centuries, agriculture-based civilizations like the Greek, Roman or Chinese empires often faced attacks from confederations of warrior tribes, like the Mongols, the Huns, Vikings etc.  These “barbarians,” who turned from hunter-gatherer or herder ways of life to plundering each other or neighboring agrarian […]

President Obama’s Persistent Strategic Error: Mistaking Inside-the-Beltway Reality for “Real” Reality

June 26, 2011


Progressives and others who are concerned about the content of discussion in Washington are now divided on a critical issue:  to what degree should one hold responsible President Obama for errors or failures in the last two years, as well as the strengthening of Republicans after Democrats’ decisive electoral defeats of the GOP in 2006 […]

Supply-Side Economics and the Return of “Economic Royalism”

June 18, 2011


The political label “economic royalist” has lived on in current memory via recordings and reading of the speeches of Franklin Delano Roosevelt from the 1930’s.  FDR, drawing on a populist tradition within the Democratic Party, used the label to portray the financial interests and Republicans who opposed the New Deal agenda during the 1930’s as […]