[Marxism] Fundraiser by Jimmy Cobb : Support for Jimmy Cobb
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[Marxism] Behind the Money Curtain: A Left Take on Taxes, Spending and Modern Monetary Theory - CounterPunch.org
POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. * This is quite a useful piece by Jim Kavanagh on the Counterpunch website from a couple of years ago. It’s lengthy; I’ll post a few key passages but it’s worth reading in full: The argument of the common-wisdom economic paradigm is that the government must collect taxes (or borrow money—we’ll get to that) to spend on whatever programs it wants to fund. In this paradigm, the government extracts money from an external, economically prior source, and uses it to pay for government programs. For both the left and the right in this paradigm, taxes are for funding government spending: money first flows into the government through taxes collected, and is then spent into economy in various programs and purchases. The arguments that ensue are over how much money to collect in taxes, from which sources, and which government programs to fund with the money collected. Most leftists take their stance within this paradigm. Bernie Sanders, for instance, says his Medicare-for-all plan would “raise revenue” from various taxes such as income and capital gains, and from limiting “deductions for the rich.” Dean Baker suggests a 4% increase in payroll taxes to “fully fund” Social Security and Medicare. These kinds of analyses, typical of the left, make points that are helpful in immediate political fights, and they’re also grounded in the conventional paradigm about, money, taxes, and government spending. That paradigm not only informs most thinking—whether conservative, liberal, or left-radical—about money in our society, it also informs the legal and institutional policy framework. It’s the paradigm of the household. We’re comfortable with the household paradigm because it reflects everyday reality. The household has to get money from somewhere to spend it. It’s obvious. But, also obvious, the household (or business or state) does not create money. That teensy little huge fact makes the household-government finance analogy wrong and wildly misleading. Unless we take that fact as of no significance—And how could we?—we need another paradigm. Analyses and critiques—no matter how radical—of government financing as if it worked like household financing are based on false premises, and false premises lead down meandering dead-end paths to wrong conclusions. We have to reject the household analogy whenever it comes up from any source, including our own minds, where it will sneak in. Most leftists, I’m afraid, do end up assuming it, and ignoring the huge little fact that it cannot be right. We need another paradigm, one that’s more truthful and therefore opens more effectively radical paths. … This brings up another core insight of MMT, a corollary of the fact that the government creates money to spend into the economy: The government’s loss is the economy’s gain. The government’s deficit is equal, to the penny, to our surplus—the amount of dollars the government has spent into and left in the economy. With due consideration for how the “government” and “we” are constituted—A political question that MMT makes increasingly visible as the important question underlying the economics!—the government’s deficit is “our” net savings after taxes, dollars that haven’t been zeroed out, points we can use to buy our seats. As Robert Bostick puts it, in a scathing critique of Paul Ryan’s deficit hawkery: It’s essentially interest-free money for us to spend as we choose. That’s why the financial sector/commercial bankers hate deficit spending. Americans benefit from deficit spending and therefore, don’t need to go into debt to maintain living standards. Our surplus from deficit spending is what keeps the economy growing… When Ryan and company tell us they’re going to cut the deficit, it automatically means they are going to reduce the amount of interest-free money available to us. That eventually will, in short order, force us to use our savings, retained earnings or borrow from banks at interest just to maintain current spending. Note that it’s not the government deficit that’s pernicious here, but citizens’ indebtedness to the banks, which grows in inverse relation to the government deficit. Too little government deficit makes for too much citizens’ debt. This is why “austerity” policies are ridiculous, self-defeating, and immensely harmful. This is why the last thing we want is for the government to have a “balanced budget” policy, let alone for the government to run a surplus, which would be our deficit. For a healthy, growing economy, the government should avoid retrieving as much in taxes as it has spent into the economy. And there is no economic need to do
[Marxism] A pipeline offers a stark reminder of Canada’s ongoing colonialism
POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. * Washington Post, Feb. 13, 2020 A pipeline offers a stark reminder of Canada’s ongoing colonialism By Alicia Elliott Alicia Elliott is a Tuscarora writer from Six Nations of the Grand River and author of “A Mind Spread Out On The Ground.” On Monday, the Royal Canadian Mounted Police raided a Unist’ot’en camp erected to protect indigenous land in British Columbia, arresting several people as police enforced an injunction against the Wet’suwet’en hereditary chiefs, the Wet’suwet’en people and their allies. The moment completely encapsulated the current relationship between Canada and indigenous people. As Coastal GasLink employees cleared the camp to make way for a natural gas pipeline, they sawed in half a wooden gate with one word painted on it: “reconciliation.” That word has been used by the Canadian government to describe their supposed desire to make things right with the indigenous people after centuries of ongoing genocide. But “reconciliation” is not an official policy but rather a political buzzword repurposed to signal moral progress on indigenous issues. However, right now it is very hard to argue that Canada’s treatment of indigenous people actually has progressed. Canada has a long history of disregarding indigenous rights to push forward corporate economic interests. In fact, one could say that’s a condensed version of the entire history of Canada. The founding and expansion of Canada is deeply indebted to the Hudson’s Bay Company, a fur-trading business that ultimately helped colonize much of western Canada. This connection runs so deep that Sir James Douglas, the “Father of British Columbia,” was both head of the Hudson’s Bay Company and governor of Vancouver Island for several years, before stepping down from his HBC post to become governor of British Columbia. King Charles II even “granted” the Hudson’s Bay Company roughly a third of Canada’s land mass, all without consulting or making treaties with any of the indigenous people who had cared for that land for centuries. Such is the arrogance of colonialism. That same arrogance is what led to this moment. Almost the entire province of British Columbia is unceded territory, which means that there was never any legal extinguishment of indigenous title on those lands. This position was reinforced with the landmark 1997 Supreme Court ruling Delgamuukw v. British Columbia, which found section 35 of the Canadian Constitution protected indigenous title claims. The Delgamuukw decision also determined that provinces could not extinguish indigenous title. At the time, British Columbia was trying to argue that the Wet’suwet’en and Gitxsan nations’ titles to their respective lands had extinguished the moment British Columbia became a province. The Canadian government has had more than 20 years since this decision to try to find a way to legally justify controlling Wet’suwet’en land, which they still have no title for. Since the Indian Act prevented indigenous people from hiring lawyers without government permission from 1927 to 1951, the Canadian government had an additional 24 years to make their land theft legitimate within their own legal framework. They could have done this any time within the past 153 years Canada has existed. But they didn’t. Then there’s the tricky issue of what “consent” actually means. For nearly 10 years, the conservative government of Stephen Harper refused to sign on to the United Nations Declaration on the Rights of Indigenous People (UNDRIP) because it took issue with the requirement that indigenous nations have “free, prior and informed consent” (FPIC) when it comes to any laws or land developments that impact them. That changed when Justin Trudeau was elected in 2015. He campaigned on the promise that when indigenous nations said no to development, it would “absolutely” mean no. By May 2016, it seemed like Trudeau would make good on this promise, as Canada officially removed its objector status to UNDRIP. But when Trudeau approved the Trans Mountain pipeline that same year, he changed course, saying indigenous nations “don’t have a veto” over proposed projects in their territories. Come the 2019 election cycle, after his government purchased the Trans Mountain pipeline project without consulting either Canadians or indigenous nations, Trudeau returned to his previous promise, saying he would fully implement UNDRIP into Canadian law if reelected. Since then, the Trudeau government has not elaborated on what “free, prior and informed consent” might mean in a Canadian legal context, nor have officials clarified how Canada can
[Marxism] SHOULD THE AMERICAN LEFT VOTE FOR ANY CANDIDATE THE DEMOCRATS NOMINATE AGAINST DONALD TRUMP? – t h e e d i t i o n
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[Marxism] Why A New Wave Of Economists Are Championing Slow Economic Growth | On Point
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[Marxism] William Barr says Trump's tweets about DOJ cases make it 'impossible to do my job - CNNPolitics
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[Marxism] (99+) (PDF) Fictions of Sustainability The Politics of Growth and Post-Capitalist Futures | Boris Frankel - Academia.edu
POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. * This book discusses the growing political contest between conservative and reform-orientated defenders of capitalist societies on the one side, and the policies and imagined futures advanced by green and socialist critics on the other. All are subjected to detailed scrutiny. Is ‘green growth’ innovation able to resolve deep-seated global inequality and other socio-political and environmental problems? Can new technology sustain capitalist production and high consumption by decoupling economic growth from the limits of nature? How feasible or utopian are ‘post-work’ or post-capitalist societies based on full automation and a universal basic income? What are the political economic strengths and weaknesses of green post-growth or degrowth proposals? These and other crucial issues are analysed by the author in a challenging and thought-provoking book covering an extensive range of policy reports, social theories, environmental proposals and political practices across the world. https://www.academia.edu/37670845/Fictions_of_Sustainability_The_Politics_of_Growth_and_Post-Capitalist_Futures _ Full posting guidelines at: http://www.marxmail.org/sub.htm Set your options at: https://lists.csbs.utah.edu/options/marxism/archive%40mail-archive.com
[Marxism] Even After Sanders Beats Trump, There’s Still the Deep State Blob | Washington Babylon
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Re: [Marxism] A sad commentary on the Left
POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. * For years now--and longer--there was nothing stopping radicals from organizing independent mass actions. Had we been exercising this function, we'd not be left as essentially consumers and cheerleaders to electoral politics. It can surprise nobody that the Democrats did nothing to build on the unprecedented mass marches that greeted Trump's inauguration, but radicals have done very little but watch events from the sidelines. When Trump was foisting Kavenaugh onto us, for example, public sentiment was such as would have supported demonstrations that could have flooded the capital with supporters and choked the process . . . which would have cut one of the main motives for the Republicans to sustain their criminal president. Over 50% of the public wanted Trump removed from the presidency, and the Left did nothing more than the Democrats wanted done, so we're still paying the price for that. The pathetic history of radicals in the current election campaign simply extends that role. _ Full posting guidelines at: http://www.marxmail.org/sub.htm Set your options at: https://lists.csbs.utah.edu/options/marxism/archive%40mail-archive.com
[Marxism] A sad commentary on the Left
POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. * Louis posted a link showing that Sanders is leading in a national poll. He also posted a link to a very fine article by Steven Salaita on Sanders and Palestinians and the shallowness of electoral politics in the US. There have been numerous comments on the first link, but there have been NONE on the second. For me, this shows how leftists have become once again infatuated with national elections, out of all proportion to their importance in terms of building a real radical movement. One that is global in scope and one in which Sanders's rather pathetic commentary on Palestinians would simply not be tolerated. The other day, former ISO leader, Todd Chretien said, in a post that appears to have been deleted, that what leftists do in the wake of Sanders's New Hampshire victory would determine the fate of socialism in the US. And we are either with Sanders or we're for Trump. I did a double-take when I read this. First, a person shifts his beliefs in a heartbeat, almost 1984 fashion. What he once was he no longer is, and perhaps what he once was, he never really was. Second, the utter stupidity and lack of understanding of US reality is mind boggling. _ Full posting guidelines at: http://www.marxmail.org/sub.htm Set your options at: https://lists.csbs.utah.edu/options/marxism/archive%40mail-archive.com
[Marxism] Canadian Police Move Against Pipeline Blockades, Arresting Dozens
POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. * NY Times, Feb. 11, 2020 Canadian Police Move Against Pipeline Blockades, Arresting Dozens By Ian Austen OTTAWA — The Canadian police on Monday began moving against protesters who had set up transportation blockades around the country in sympathy with an Indigenous group’s campaign to halt construction of a natural gas pipeline to Canada’s West Coast. The blockades affected at least 19,500 rail passengers, according to Via Rail Canada, and 200 freight trains were unable to travel. By late Monday, more than 47 protesters had been arrested. The nationwide demonstrations had been set off by the recent arrests of 21 protesters at the pipeline construction site itself. The first blockade appeared on Thursday night and led to the shutdown of all rail passenger trains between Toronto, Montreal and Ottawa, as well as some freight trains. Another group was blocking freight and passenger rail traffic near Smithers, British Columbia. Protesters also effectively ended operations at major ports in Vancouver and nearby Delta, British Columbia; shut down a commuter railway line in Montreal; and blocked traffic in Regina, Saskatchewan. A small group also occupied an area outside the Ottawa office of Canada’s justice minister. The protests were in support of the Wet’suwet’en First Nation, some of whose members are opposed to the construction of a 416-mile, 6.2 billion Canadian dollar project to link gas wells in the interior of British Columbia to a new liquefied natural gas terminal on the coast for export sales to Asia. For more than a year, members of the Wet’suwet’en have been blocking roads in Houston, British Columbia, where the pipeline is under construction. The gas line is strongly supported by the government of British Columbia. And Coastal GasLink, the company behind the project, has signed construction agreements with the 20 elected Indigenous councils along the route and has promised to award 620 million Canadian dollars’ worth of contracts to Indigenous businesses. But a number of chiefs who hold Wet’suwet’en hereditary leadership fear the project will irrevocably alter their land. They oppose reaching any sort of agreement with the company or accepting any economic benefits. The protests began after the Royal Canadian Mounted Police moved last week to enforce an injunction granted on Dec. 31 against the Wet’suwet’en who have been blocking the roads at the construction site. Chief Smogelgem of the Wet’suwet’en said he and other hereditary chiefs had been in talks with the province about the pipeline shortly before the police moved in last week. He said the arrests will only inflame the situation and prompt further protests elsewhere in the country. “It’s guaranteed,” he said. “This is an uprising that’s happening all across the country.” The police are now stopping most people, including members of the Wet’suwet’en, from entering a wide area around the protesters’ encampment. Access to the area by journalists has been limited to a few escorted visits; the national police force said in a statement that 21 people had been arrested there since Thursday, though eight have since been released without being charged. On Monday before dawn in Vancouver, the police made 33 arrests at the entrance to the port. Video from the scene suggests that the arrests took place peacefully and that the police allowed other demonstrators to remain near the scene if they did not try to block the port. In nearby Delta on Monday, 14 protesters were arrested. The Canadian National Railway company, which owns the tracks in British Columbia, as well as those in Ontario used by the Via Rail Canada passenger service, has obtained injunctions against the protesters in a bid to reopen its lines. There was no indication on Monday of how and when they may be enforced. Chief R. Donald Maracle of the Mohawks of the Bay of Quinte said the blockade on its territory east of Toronto, which has at times involved a snow plow and a sofa, was not authorized by the band council. He said he had first learned about it from the railway. The Wet’suwet’en have never signed a treaty and in 1997 Supreme Court of Canada ruled that they hold “Aboriginal title” to the territory now involved in the dispute. Chief Smogelgem said he and the other leaders will not end efforts to block the pipeline “until the R.C.M.P. get off our land and the Coastal GasLink company stops the pipeline.” _ Full posting guidelines at: http://www.marxmail.org/sub.htm Set your options at:
[Marxism] Global Financial Giants Swear Off Funding an Especially Dirty Fuel
POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. * NY Times, Feb. 13, 2020 Global Financial Giants Swear Off Funding an Especially Dirty Fuel By Christopher Flavelle Some of the world’s largest financial institutions have stopped putting their money behind oil production in the Canadian province of Alberta, home to one of the world’s most extensive, and also dirtiest, oil reserves. In December, the insurance giant The Hartford said it would stop insuring or investing in oil production in the province, just weeks after Sweden’s central bank said it would stop holding Alberta’s bonds. And on Wednesday BlackRock, the world’s largest asset manager, said that one of its fast-growing green-oriented funds would stop investing in companies that get revenue from the Alberta oil sands. They are among the latest banks, pension funds and global investment houses to start pulling away from fossil-fuel investments amid growing pressure to show they are doing something to fight climate change. “If you look at how destructive oil sands can be, there’s a very strong rationale,” Armando Senra, head of BlackRock’s iShares Americas funds, said in an interview, saying that the oil sands, along with coal, are “the worst offenders, if you want, from a climate perspective.” Despite the pressure from foreign investors, oil-sands production has continued to increase in part because local Canadian banks and pension funds have remained willing to lend. And, as Alberta’s government is quick to point out, some of the same companies pulling away from oil sands are continuing to invest in oil projects elsewhere in the world including in countries such as Saudi Arabia. Nevertheless, the clash over foreign divestment in Alberta — and the strong response it has provoked from local leaders — suggests the potential for the financial industry to influence climate policy if firms follow through on their early pledges to incorporate climate change into their investment strategies. Alberta, meanwhile, has fought back hard against the divestment. In April, voters elected a provincial leader who promised to punish companies that stopped financing the oil sands. Then, in December, Alberta opened what it called a war room to attack anyone perceived as criticizing the industry. “We have been targeted by a foreign-funded campaign of special interests,” Alberta’s premier, Jason Kenney, said after winning office last year. “When multinational companies like HSBC boycott Alberta, we’ll boycott them.” HSBC, the largest bank in Europe, has said it will stop financing new oil sands developments. Financial institutions worldwide are coming under growing pressure from shareholders and activists to pull money from high-emitting industries. At the same time they are waking up to the fact that they have underestimated the climate-change risk in their portfolios. Oil has made Alberta one of the wealthiest regions in North America, but the process of extracting petroleum from oil sands releases an unusually large volume of greenhouse gases. Because Alberta’s oil is locked in geological formations that make it particularly energy-intensive (and therefore environmentally damaging) to extract, it has provided an easy early target for investors eager to make a statement. The oil sands have long been a target of environmentalists’ ire. But in 2017, the campaign against them shifted to the world of finance. That summer, the largest pension fund in Sweden, AP7, said it had divested from TransCanada, the company building Keystone XL, a pipeline to carry crude from the oil sands to the United States. Other international lenders followed, announcing they would divest not only from pipelines but from oil-sands extraction projects as well. They include BNP Paribas Group and Société Générale of France, and Norway’s sovereign wealth fund. It wasn’t just financing that suddenly seemed at risk. Some of the world’s largest insurance companies, including AXA, Swiss RE and Zurich Insurance, announced they would stop providing coverage to projects in the oil sands, which are sometimes referred to as tar sands, as well as no longer investing money in those projects. In December, the American insurer The Hartford said it would no longer insure or invest in companies that get more than a quarter of their revenue from oil sands or thermal coal mining. “We selected coal and tar sands because they have been identified as leading contributors to carbon emissions,” said David Robinson, the company’s general counsel. Even large international oil companies began pulling out of the oil sands, including Shell in 2017. A Shell representative said
[Marxism] A Mohawk Protest Camp Sends Ripples Across Canada
POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. * NY Times, Feb. 13, 2020 A Mohawk Protest Camp Sends Ripples Across Canada By Ian Austen TYENDINAGA, Ontario — A dilapidated snow plow, three tents and some barrels sit beside the snowy tracks of the Canadian National Railway in Tyendinaga, Ontario, a protest in support of Indigenous leaders trying to stop the construction of a gas pipeline thousands of miles away, in British Columbia. The blockade, set up by the Mohawks of Tyendinaga, may not look imposing. But the barricade, and similar ones erected at transport points across the country, has disrupted travel for Canadians since last week — and drawn attention to the pipeline dispute. Tens of thousands of travelers have had to scramble after rail service was halted between Toronto and the cities of Montreal and Ottawa. Hundreds of freight trains have been stalled, and ports in eastern Canada have been isolated from the rest of Canada and the United States. Factories have braced for closing because of delivery interruptions. On Wednesday, Prime Minister Justin Trudeau weighed in for the first time, calling on all sides “to resolve this as quickly as possible.” “Obviously it’s extremely important to respect the right to freely demonstrate peacefully,” Mr. Trudeau told reporters in Senegal, one of a series of official stops he is making in Africa. “But we need to make sure the laws are respected.” Since he was first elected in 2015, Mr. Trudeau has tried to balance his promises to reconcile with Canada’s Indigenous people for past wrongs and to take Canada toward a carbon-neutral future — all while maintaining the country’s economically important oil and gas industry. This dispute, though, is largely unfolding under the jurisdiction of the provincial government in British Columbia. Both British Columbia and the elected band councils of the Wet’suwet’en First Nation in the province — the leadership established under Canadian law — have signed onto the 416-mile pipeline project, which links gas wells in the British Columbia interior to a new liquefied natural gas terminal on its coast. The company building the pipeline, which will cost 6.2 billion Canadian dollars, has promised hundreds of millions of dollars in contracts to Indigenous businesses. But another branch of the Wet’suwet’en’s leadership, the hereditary chiefs, says the pipeline would alter their traditional lands; they have been protesting in an encampment at the construction site for more than a year. Last week, the police, acting on a warrant, tried to remove them, inspiring protesters across the country to act in sympathy and set up their own blockades, as well as campsites, at transport sites, beginning with the one in Tyendinaga. The protesters appear to be an informal alliance of environmentalists and Indigenous rights proponents. They have mired traffic in Vancouver, British Columbia; snarled ports in and around that city; and shut down another Canadian National line in the north of that province. Sit-ins have been staged at politicians’ offices throughout Canada. A commuter rail line that runs through Mohawk land to Montreal remained blocked on Wednesday and sporadic demonstrations have been held across the country. Less than 24 hours after the protest began last week in Tyendinaga, a court granted the railway an injunction ordering the demonstrators to leave. But how and when that order will be enforced is unclear. “It’s not just passenger trains that are impacted by these blockades, it’s all Canadian supply chains,” said J.J. Ruest, the president and chief executive of Canadian National, in a statement. “C.N. will have no choice but to temporarily discontinue service in key corridors unless the blockades come to an end.” Via Rail Canada, the passenger service, has canceled all trains from Toronto to Montreal and Ottawa, at least until Saturday. At the tracks in Tyendinaga, surrounded by snowy fields, several Mohawk protesters pointed with pride to the west where a long freight train had idled for six days. They had little or no sympathy for complaints from rail passengers, or for the fear that the protests will create economic problems. They all declined to give their full names because they face the prospect of arrest as well as being sued by the railway. But one man who identified himself as Bill said he hoped the protests would make people “aware of what’s going on, maybe it will make them think.” For him, the protest is about Indigenous land rights. Like several of the protesters at the tracks, he vowed to stay until the pipeline project, known as Coastal GasLink, is canceled.
[Marxism] A Canadian Energy Company Bought an Oregon Sheriff’s Unit
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[Marxism] Real pay data show Trump's 'blue collar boom' is more of a bust for US workers, in 3 charts
POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. * https://theconversation.com/real-pay-data-show-trumps-blue-collar-boom-is-more-of-a-bust-for-us-workers-in-3-charts-131264 _ Full posting guidelines at: http://www.marxmail.org/sub.htm Set your options at: https://lists.csbs.utah.edu/options/marxism/archive%40mail-archive.com
