Down and Out in Harperconia

Sweet tit-humping Christ I’m tired.

Tired of the chronic lack of accountability in Ottawa. Of a parliamentary press corps that been for far too long too prissy and timid to rightly ferret and call out endless examples Conservative corruption with tenacious vigour (see also: libel chill).

Tired of national apathy and cynicism understandably bred by a seemingly never ending barrage of brazen disregard for the collective values that have defined Canada for the past 40 plus years on the part of the Harpercons.

Tired of our national transition from innovator to regressive resource-based economy. Tired of corporatist Lysenkoism, capitalist force-projection masquerading as international development, and –especially — acts of self-interested international climate treaty sabotage to keep the tar sands safe.

And boy am I goddamn fucking exhausted at the prospect of having to subsidize this bright new CO2-saturated Tory blue future by having to slave the rest of my life in low-wage purgatory (Freedom 75, baby!) because the (quote) “entitlements” that allowed prior generations to achieve wealth and a general level of security are now somehow simultaneously unsustainable and morally suspect (because communism or something).

Ideologues who piss on the very concept of data-driven policy making and demonize those who commit sociology have no business redefining Canada to suit their self-destructive political nihilism. The next two years are (and no this isn’t hyperbole and it’s goddamn time Canadians stopped perpetually stifling ourselves for fear of seeming unhinged because the Tories already blew all the doors off this motherfucker ages ago) without a doubt pivotal to what Canada will look like for the next 20+ years. So much damage has been done that we are going to not only have to prepare for electoral change, but also for a long-term struggle to reshape an amorphous future.

But, most immediately, every vote counts, more than ever.

So keep watching this space; as they say, change begins at home.

Breaking it Down: Industrial Capitalism vs. Financial Capitalism (or, Why We’re F*cked)

Michael Hudson asks: “In light of the enormous productivity gains since the end of World War II – and especially since 1980 – why isn’t everyone rich and enjoying the leisure economy that was promised?”

The answer (per Hudson) is painfully obvious, but bears repeating (ad infinitum):

What was applauded as a post-industrial economy has turned into a financialized economy. The reason you have to work so much harder than before, even when wages rise, is to carry your debt overhead. You’re unable to buy the goods you produce because you need to pay your bankers. And the only way that you can barely maintain your living standards is to borrow even more. This means having to pay back even more in years to come.

That is the Eurozone plan in a nutshell for its economic future. It is a financial plan that is replacing industrial capitalism – with finance capitalism.

Industrial capitalism was based on increasing production and expanding markets. Industrialists were supposed to use their profits to build more factories, buy more machinery and hire more labor. But this is not what happens under finance capitalism. Banks lend out their receipt of interest, fees and penalties (which now yield credit card companies as much as interest) in new loans.

The problem is that income used to pay debts cannot simultaneously be used to buy the goods and services that labor produces. So when wages and living standards do not rise, how are producers to sell – unless they find new markets abroad? The gains have been siphoned off by finance. And the financial dynamic ends up in austerity.

And to make matters worse, it is not the fat that is cut. The fat is the financial sector. What is cut is the bone: the industrial sector. So when writers refer to a post-industrial economy led by the banks, they imply deindustrialization. And for you it means unemployment and lower wages.

As they say, read the whole damn thing.

And weep.

h/t

(Image: jesse.millan, Flickr)

Etch-A-Mitt Shakes Things Up Again: Welfare Moms Better Off With “The Dignity of Work”

Via Ryan Grim (ICYMI):

Apparently Ann Romney forgot to mention to Willard that moms who don’t work outside the home do THE MOST IMPORTANT JOB IN THE WORLD!!!1 and already have ample dignity, thankyouverymuchyousupersexistsoand…

oh, wait — Mittens meant those moms — y’know, the ones who can’t afford dignity.

Sorry. They gotsta earn their Caddies (if not teh car elevators).

Related: Pay no attention to the ongoing war on women voting.

Sharpening the Pitchfork

by matttbastard

Oh FFS, part deux:

“Last February, an heir to the Johnson & Johnson fortune wrote on the Huffington Post, ‘For the mega-rich, recession brings with it the ability to live well at a lower cost and with less of a hassle.’

In Decemeber, Arianna Huffington’s daughter Christina came out at New York’s International Debutante Ball.* The organizer’s justification for the $14000 a table event: ‘Watches cost more.'”

Watches.

Cost.

More.

Buh?!

Ok, not to get all class war and shit, but. a FUCKING COMING OUT PARTY IN 2009 DURING A FUCKING RECESSION?! You know what? Fuck it — Sarah, via email (h/t), is absolutely fucking correct:

[T]hat’s exactly when we need to get all class war. Right now, when even my Republican parents are pissed about bailouts and CEO pay.

I mean,  an asymmetrical class war has already been going on for too fucking long (Tax cuts! Welfare reform! Deregulation!), only with hostilities coming from the top down–and they’ve been kicking our fucking asses. With all that wealth still concentrated at the VERY top,  it’s about goddamn time the little people finally started fighting back. Because it really, really says something that some people (even nominal progressives ) still have the fucking stones to throw $14,000/plate debutante balls during the worst economic crisis since the Great fucking Depression.

That’s it — I’m fucking done taking hunks of cake without question and pretending to like the taste. Time to import a non-violent modern variation of the French Revolution to North America post-fucking-haste.

*[insert tart observation about how not paying your writers really helps with the bottom line — and the coming out party expenses.]

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