[PEN-L:3861] RE: Childcare

1995-01-19 Thread bill mitchell

Justin said:

>The question was whether publically provided care _could_ be adequate, or
>good. Possibly privately provided care could be if properly funded--elite
>private centers show that it can. But the university childcare examples
>show that the the mere fact of public provision need not undermine and may
>enhance provision. I don't suppose anyone but committed pro-planning
>socialists--I know a few who aren't mad--object to the idea of privately
>provided childcare. The problem, though, is that in the present context,
>private childcare means a two tier system: good and relatively expensive
>care, provided under moderately exploitative (for the providers)
>conditions for those who can afford it, and mediocre or worse McKids care
>provided under highly exploitative conditions for those who can't. That's
>not an argument aginst private care. 

I must be a committed pro-planning socialist (now I see it all :-) knowing
that. I think you have made the case against the private health care. It
either becomes part of the elitist system of class reproduction or it puts
our kids onto the misery queue.

Lets argue this issue. Is everything reasonably considered a product which
can be the basis of surplus extraction? Just b/c private centres can exist
either with massive public subsidy or through the higher income earners
being prepared to pay the high fees.

but so what? I don't think that kids care should be considered a product.
Of-course, being a CPPS i also don't think education per se should be a
product. but capitalist production is always concerned with the bottom line.
Caring for kids really has no bottom line. that is why the state should take
full responsibility for child care. 

i fail to see how this applies only to CPPSs. The capitalist system also
will require stable types who learn not to be anti-social. cheapo child care
centres cannot help here. 

and child care for snobs is about as bad as privately provided schooling,
but we have had the public school/private school debate before and i was in
a minority of about one on that one.

kind regards
bill
**   
 William F. MitchellTelephone: +61-49-215027  .-_|\   
 Department of Economics   +61-49-705133 / \
 The University of NewcastleFax:   +61-49-216919 \.--._/*<-- 
 Callaghan   NSW  2308v  
 Australia  Email : [EMAIL PROTECTED]

 WWW Home Page: http://econ-www.newcastle.edu.au/~bill/billyhp.html 
**



[PEN-L:3860] the causes of unemployment

1995-01-19 Thread Michael Perelman

How much do you think that the relative weights would be for two causes of
unemployment: corporate rationalization and the export of jobs?
-- 
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 916-898-5321
E-Mail [EMAIL PROTECTED]



[PEN-L:3859] Re: Citron's rationality

1995-01-19 Thread Michael Perelman

I believe that the same broker sold San Jose into near bankruptcy around 
1983.
 -- 
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 916-898-5321
E-Mail [EMAIL PROTECTED]



[PEN-L:3858] exports

1995-01-19 Thread cns

Doug is certainly right about declining tariffs and
non-tarriff barriers re: Grossman's drift toward protectionism."
But can't we regard currency devaluations as "protectionist"? In the
sense of protecting a country's exports as a whole, not particular
export sectors. Mexico is the latest example. The low US dollar vis
a vis the ten and mark has a lot to do with Clinton's and the US
ruling class's strategy of "growth through exports." Many countries
in the 1980s and early 1990s tried to expand exports by devaluation
(South Korea, Sweden, the UK come to mind, and there are others I've
forgotten).

Dave Ranney raises an interesting question, i.e., what do companies
producing in and exporting from the US do with their export earnings?
If they exercise their "global options," clearly an export-led growth
strategy wouldn't work. But I have no idea how empirically significant
"global options" company policies are re: export earnings. Does anyone?
Jim O'Connor



[PEN-L:3857] RE: Childcare

1995-01-19 Thread Justin Schwartz

On Thu, 19 Jan 1995, Cotter_Cindy wrote:

> In defense of the mysterious HG, who was willing to have the
> government pay for child care but not provide it, hasn't the
> superiority of government child care as described here in
> many posts rested primarily on the fact that the government
> can afford to pay more?  Is there some reason to believe
> private child care would not improve if it were funded by
> the government at the same rates as the wonderful university
> centers we're hearing about?  Aren't matters of financing
> being confounded with management issues?
> 

The question was whether publically provided care _could_ be adequate, or
good. Possibly privately provided care could be if properly funded--elite
private centers show that it can. But the university childcare examples
show that the the mere fact of public provision need not undermine and may
enhance provision. I don't suppose anyone but committed pro-planning
socialists--I know a few who aren't mad--object to the idea of privately
provided childcare. The problem, though, is that in the present context,
private childcare means a two tier system: good and relatively expensive
care, provided under moderately exploitative (for the providers)
conditions for those who can afford it, and mediocre or worse McKids care
provided under highly exploitative conditions for those who can't. That's
not an argument aginst private care. It is an argument for a two-pronged
strategy of increasing public funding, say by direct grants to parents,
for use in either public or private centers, and increasing the amount and
scope of public provision. And in the current Newtonian mood in which
budgets for everything are being slashed, good luck!

I'd feel marginally better about the prospects for popular resistance to
Newtonianism as people realize that these cuts impose intolerable misery
on wade swathes of the population, not just the mythical welfare queens in
their Cadillacs, if the Democrats were not playing catch-up, caving in to
pressure on the right whenever it is applied. Anyone who cannot see that
the Democrats are hopeless and that we must now build a new party, one
that doesn't fuse or truck with these GOP clones, is in the grip of either
illusion or despair, and in any event ideology.

--Justin Schwartz






[PEN-L:3856] Re: Citron's rationality

1995-01-19 Thread Jim Devine

The leftish consensus around here is that the county to the south
of L.A. went broke because (1) prop. 13 and other propositions
reduced the county's ability to raise taxes, as did the the strong
anti-tax movement among Orange County's middle-class and rich
classes; (2) developers and corporations such as Disney pushed the
county for more services, as did normal population growth. These
pushed the county to break the normal approach of county treasurers
(borrowing to invest in infrastructure) and instead engage in
financial investment, often with borrowed money,
in ways that would have a high return.  The structural budget
short-fall was covered by earnings from these investments.
(Local governments jumped on the bandwagon because of the
high return, though some were induced to do so by law.)

Citron _and_ the county
supervisors _and_ the voters saw that Citron's strategy was
paying off and wanted to pursue it further. The opposition
candidate in last year's election (a Republican, by the way)
pointed out that with high returns come high risk, but was
handily defeated.

In this, the role of Merrill Lynch et al. was as a drug pusher
approaching the junkie. A symbiotic relationship. Both sides
of the deal pushed for deregulation that allowed county
treasurers to do what Citron did.

It's a mistake to focus on just Citron _or_ on just Merrill
Lynch.

in pen-l solidarity,

Jim Devine
[EMAIL PROTECTED] or [EMAIL PROTECTED]
Econ. Dept., Loyola Marymount Univ., Los Angeles, CA 90045-2699 USA
310/338-2948 (daytime, during workweek); FAX: 310/338-1950
"Segui il tuo corso, e lascia dir le genti."
(Go your own way and let people talk.) -- K. Marx, paraphrasing
Dante.



[PEN-L:3855] Re: child care & the market

1995-01-19 Thread Teresa Amott

I think that pen-ler's may be interested in a little discussion
I had with Teresa Amott (and I hope I'm not violating your
privacy, Teresa!)

In response to her comment on how good the US military's child-care
system is these days, I said: it gives one an incentive to join
the armed forces!

To which she said:
The way things are going, it may be the only full-time job with benefits
left

Seriously, isn't it weird that the military has decent child care?  I'm
connected with a bunch of socialist feminist child care types -- people who
organize child care workers, etc. -- and we're all still a bit baffled.  I
mean, it's obvious that a volunteer army that relies on a largely poor
younger workforce might need to tailor its benefits to attract higher
"quality" recruits, but one would think that the military ideology would
not exactly be suited to providing decent child care.


I (Jim, that is) agree. It's eerily reminiscent of how the military
sector of the old Soviet economy was one of the few efficient
sectors.  I guess military goals conquer all.

I've had experience with two types of childcare, both private.
One, a church-organized place partly subsidized by my university,
was okay, but is currently being milked for cash by the congregation.
The other, a parent-organized school that once "belonged" to a
synagogue, follows the private-school tradition of cream-
skimming. In short, they expelled my 4 1/2 year old son because he
was a "discipline problem" (chip off the old block?) We'll see
how the public schools deals with this.

in pen-l solidarity,

Jim Devine
[EMAIL PROTECTED] or [EMAIL PROTECTED]
Econ. Dept., Loyola Marymount Univ., Los Angeles, CA 90045-2699 USA
310/338-2948 (daytime, during workweek); FAX: 310/338-1950
"Segui il tuo corso, e lascia dir le genti."
(Go your own way and let people talk.) -- K. Marx, paraphrasing
Dante.



[PEN-L:3854] Society for Socialist Studies annual conference. Message is 765 lines

1995-01-19 Thread VORST4



Learneds 1995: 3-6 June at UQAM in Montre%al

The 1995 Learneds will be held at the
Universite% du Que%bec a$ Montre%al.
Our society dates are
3-6 June (Saturday-Tuesday).

Patrick Bolland has agreed to coordinate the Montre%al local committee.
David Mandel is our direct connection with UQAM.
They will be in contact with the National Office to deal with such
practical matters as room allocation, audio-visual needs and, of
course, the famous Socialist Studies Party. More on these things
in future Bulletins.

Final Call for Papers

For the sessions listed below you are encouraged to submit your
proposals for a paper to the coordinator (note that in one session
submissions must be made to three coordinators)
and to the National Office:
Society for Socialist Studies, University
College, University of Manitoba, Winnipeg MB R3T 2M8,
fax 204-261-0021, e-mail [EMAIL PROTECTED]

The deadline for the submission of paper proposals
is
10 February.

Note that several sessions have been added since the previous call
for papers. Some of these are now cross-listed with the
CSAA.

Some comments re speakers:

  1) Ordinarily, speakers must be (or become) members of the Society
for Socialist Studies. Exceptions are (a) special guests who could
not be expected to join the organisation otherwise, and (b) participants
in joint sessions if they are members of the other group.
  2) Speakers are expected to  have a finished paper ready for
distribution at the conference.
  3) Being accepted as a speaker does not mean that funding for
travel to the conference is available. Last year the requests for funds were
triple the amount provided to us by SSHRC and SSFC (and a bit from our
own resources).
  4) SSHRCC rules preclude the payment of travel money to those
living within 325km/200miles from the host university.
  5) Our society has, for many years, used the following order of
priority: (i) students, unemployed, commmunity activists, other
low-income people; (ii) postdoctoral appointees, sessional academics;
(iii) term and probationary appointees; (iv) tenured faculty members.
Usually, only members of the first two groups receive (some) funding.
  6) Ordinarily, only speakers are eligible for funding.
  7) In accordance with a motion passed at the 1994 AMM, travel
support is normally awarded (if at all) no more than twice in a row to
any fully employed person.
  8) No money will be paid for "income replacement".

All confirmed speakers will be contacted by the National Office in
March with further details.
-*-*-*-*-*-*-*-*-*-*-*-*-*-

The following sessions have been proposed:

Labour and the extreme right: the myths and the realities.

Barrie Anderson,
Sociology and Social Studies, University of Regina, Regina S4S 0A2.
Fax 306-585-4815

Papers dealing with all aspects of the consequences for labour of an
emerging neo-fascism are invited. Presentations concentrating on
anti-Semitism, white-supremacist hate groups, anti-labour activities,
anti-feminism, and strategies to fight back will be particularly
welcome.
-*-*-*-*-*-*-*-*-*-*-*-*-*-


Genocide as a concern for socialist and feminist theory & practice
(papers and/or round-table)

Organiser: Dr. Sima Aprahamian
(Simone de Beauvoir Institute,
Concordia University,
1455 de Maisonneuve W.,
Montreal, Que%bec H3G 1M8;
H: 514-331-9571)

Genocide is the ultimate destruction of life, therefore
of all labour and work.  Genocide is not a new issue.
Although genocide as a political and legal terminology has only
been in use in association with the Nazi-perpetrated
Holocaust, as a systematic annihilation plan it has much
deeper roots.  In view of the recent massacres in Rwanda,
Bosnia and the 80th anniversary of the unrecognized genocide
of the Armenians I propose a forum to re-examine the
politics of terminology and theories of genocide.
-*-*-*-*-*-*-*-*-*-*-*-*-*-


Health care in the 90s: re-visions, reorganization, research
   (with CSAA)

Marie Campbell,
Faculty of Human and Social Resources,
University of Victoria,
Victoria BC V8W 2Y2.
Tel. 604-721-8203.
Fax 604-721-7067.
E-mail [EMAIL PROTECTED] (one L!)

This session covers critical and feminist analyses of current trends
and research
(population-based, community participation, regionalisation,
"closer-to-home" care, etc.) in our health-care system.
Questions to be be addressed include: What is happening
in the name of progress and reorganization? How are researchers
involved  in such changes? In the face of fiscal restraint
-- especially targetting social spending --
what kinds of research activity do health activists, professionals,
policy makers and unionists find helpful in the
struggle to maintain and improve health care?

The CCF-NDP and the labour movement.

Lorne Brown, Political Science, University of Regina, Regina SK S4S 0A2.
Tel. 306-585- (w), 306-729-4558 (h). Fax 306-585-4815.

The relationship of the CCF-NDP to the labour movement in Canada
has some similarities with that between labour and social-democratic
pa

[PEN-L:3853] RE: Childcare

1995-01-19 Thread shecker

>In defense of the mysterious HG, who was willing to have the
>government pay for child care but not provide it, hasn't the
>superiority of government child care as described here in
>many posts rested primarily on the fact that the government
>can afford to pay more?  Is there some reason to believe
>private child care would not improve if it were funded by
>the government at the same rates as the wonderful university
>centers we're hearing about?  Aren't matters of financing
>being confounded with management issues?
>
>Cindy Cotter
>[EMAIL PROTECTED]

I meant to suggest that yes, with adequate financing going into the right
pockets, i.e. staff wages and benefits rather than profits, private centers
could provide similar quality to the best publicly funded programs.
Speaking of the form such financing might take, the Oregon Commission on
Childcare recently recommended to the legislature a tax credit for child
care teachers.  While anything that puts more money in the hands of these
providers is an improvement, this does seem like yet another subsidy to low
wage employers.  I'm not sure what financing mechanism the mysterious HG
had in mind.  Also, I'm not sure what it means to say "the government can
afford to pay more." In our case it is students, who in general are hardly
the group that can best afford quality child care, who voted to tax
themselves through student fees to pay for the quality.  In fairness there
are some university in kind subsidies involved too.

Steve

Steven Hecker
[EMAIL PROTECTED]
Labor Education and Research Center
1289 University of Oregon
Eugene, OR  97403-1289
telephone: 503-346-2788
fax: 503-346-2790




[PEN-L:3852] RE: Childcare

1995-01-19 Thread bill mitchell

Cindy said:

>In defense of the mysterious HG, who was willing to have the
>government pay for child care but not provide it, hasn't the
>superiority of government child care as described here in
>many posts rested primarily on the fact that the government
>can afford to pay more?  Is there some reason to believe
>private child care would not improve if it were funded by
>the government at the same rates as the wonderful university
>centers we're hearing about?  Aren't matters of financing
>being confounded with management issues?

exactly. I mentioned the other day that in OZ the federal budget allocation
to private long day centres which make profits is about (a few $ here and
there) the same as they spend on the public centres.

Yet the public day care is overwhelmingly favoured by the consumers b/c of
higher quality service, better hours, and the like. the fact is that the
public sector manages this function significantly better (on average) than
the private sector "firms". management for the public sector is about
looking after kids and giving them creative things to do all day, and making
sure they get fed properly (although i note they do not have a full
vegetarian menu - so that is a blip!). the managerial function in the
private firms is about making a profit by keeping costs as low as possible.
the kids are incidental to the surplus creation process. just like a plastic
toy really, or a tonne of coal.

So i would not defend the mysterious HG one bit. His (oops - a bit of the
mystery just got exposed) claims the superiority of private sector
management acting to price incentives. in OZ at least, this claim is
patently false in child care. the only reason the private sector can stay in
business is b/c of public subsidy. the only reason the public sector
subsidises the private sector when it is patently a lower grade service is
b/c of this weird belief that having private sector involvement is
intrinsically good, keeps the industry honest and provides competition.
Sorry to disappoint, but all of these reasons are meagre free market dogma
and do not bear empirical scrutiny.

Kind regards
bill
**   
 William F. MitchellTelephone: +61-49-215027  .-_|\   
 Department of Economics   +61-49-705133 / \
 The University of NewcastleFax:   +61-49-216919 \.--._/*<-- 
 Callaghan   NSW  2308v  
 Australia  Email : [EMAIL PROTECTED]

 WWW Home Page: http://econ-www.newcastle.edu.au/~bill/billyhp.html 
**



[PEN-L:3851] Re: child care & th

1995-01-19 Thread Paul Harrison

>Steve Hecker raises an important point about daycare: the cost of providing a
>true living wage to daycare workers and getting high quality care for the kids
>is more than most parents can pay.  ...
>
>The problem with the cost of daycare is like the problem with the cost of
>health care; they are both sporadic--intense at some times, nonexistent at
>others. ...

More like education than healthcare, I think.  Daycare isn't really a
crisis service.

Further, daycare is a need largely because of the full time working status
of both parents, which in turn represents (largely) the dramatic decline in
wages that has led to the need for two incomes, and the inflexibility of
the job market that makes few good quality part time jobs or temporarily
reduced hours arrangements available.  The component of social change is
also present in that working outside the home is now seen as desirable by
most adults, male and female, and the "couple and kids in a house" style of
life has replaced more meaningful relationships to neighbors and extended
families (caregivers of a previous time).

There is also the factor of improved knowledge about child development and
rearing, the rich environment possible in shared facilities, and the social
advantages of contact with other children that is now present in some
childcare.

Solutions?  I'd say true family wage jobs with flexibility, rebuilding
functioning communities (co-housing?), and tax support for enriching young
children's lives.

Paul Harrison




[PEN-L:3850] RE: Childcare -Reply

1995-01-19 Thread Patrick Bond

Comrades, I second Cindy on this. (Sorry, a re-intro:  I'm a
social policy wonk just returned from South Africa, now based at
Johns Hopkins School of Public Health.)

Interestingly, around 1990 the SA Left came up with the neat
slogan, "strong but slim state," in order to characterize a
desired government with tough redistributive and regulatory
powers (the latter aimed at hyper-speculative financial markets),
but one slim enough to avoid excessive bureaucratization in
service delivery (and consequent formation of a civil
service-based, petty-bourgeois class which typically denudes
African nationalism of so much of its energy and progressive
potential).

In this model, community-based and workplace-based instruments of
poor and working people (i.e., within "_working-class_ civil
society") are meant to be given not merely increased
responsibilities for social reproduction, but also - in contrast
to the US AID/World Bank/UN model - the _resources_ from the
social surplus to carry forth their own often implicitly-radical
alternatives. (There are limits, of course, in the areas of
infrastructure and certain services, but quite a lot has been
envisaged and accomplished in the way of self-governing,
community-based "soviets" from within SA townships like
Alexandra, just outside Johannesburg.) There is quite a bit of
official ANC policy, in something called the Reconstruction and
Development Programme, as well as in agit-prop from the SA
National Civic Organisation, to operationalize these concepts.

In reality, though, it looks like the New SA is retaining more
weak and fat characteristics in these respects, in large part,
dare I say it, thanks to the enormously uneven legacy of the late
Joe Slovo. 





[PEN-L:3849] Re: New Party piece

1995-01-19 Thread Doug Henwood

At 10:42 AM 1/19/95, S. Lerner wrote:
>Give em hell, Elaine! Hope to talk (and walk) New Party with you soon. Sally

By the way - how is the NDP, the NP's ostensible model, doing these days?

Doug Henwood
[[EMAIL PROTECTED]]
Left Business Observer
250 W 85 St
New York NY 10024-3217
USA
212-874-4020 voice
212-874-3137 fax




[PEN-L:3848] trip to New Orleans?

1995-01-19 Thread Fred B. Moseley


Anyone out there interested in attending the Southern Economic 
Association meetings in New Orleans next November 18-20 and perhaps
organizing a "radical" session?  I have been asked by John Seigfreid 
of Vanderbilt, the incoming President of the SEA who is in charge of 
the program, to organize such a session.  Seigfried mentioned the 
subject of "what's left of Marxism?", but is open to any subject.  
The session would consist of 3 papers.  Seigfried has promised to 
enlist the discussants, if necessary.  

If you are interested, please send me a message, including your ideas about other 
possible participants, as soon as possible directly to me at:  
[EMAIL PROTECTED]

Thanks.




[PEN-L:3847] Re: New Party piece

1995-01-19 Thread Eugene Coyle

Bob Fitch may write well on New York City but his thesis that
big money deliberately drove industrial jobs out of NYC so as to
provide space for office towers is absurd.  Big Money wants both, it 
doesn't discard one profitable thing to make room for another.



[PEN-L:3846] RE: Childcare

1995-01-19 Thread Cotter_Cindy

In defense of the mysterious HG, who was willing to have the
government pay for child care but not provide it, hasn't the
superiority of government child care as described here in
many posts rested primarily on the fact that the government
can afford to pay more?  Is there some reason to believe
private child care would not improve if it were funded by
the government at the same rates as the wonderful university
centers we're hearing about?  Aren't matters of financing
being confounded with management issues?

Cindy Cotter
[EMAIL PROTECTED]



[PEN-L:3845] Re: child care & th

1995-01-19 Thread Peter.Dorman

Steve Hecker raises an important point about daycare: the cost of providing a
true living wage to daycare workers and getting high quality care for the kids
is more than most parents can pay.  Here is a suggestion off the top of my
head; tell me if there is anything to it

The problem with the cost of daycare is like the problem with the cost of
health care; they are both sporadic--intense at some times, nonexistent at
others. Over a life cycle they can be afforded (given a reasonable
distribution of income), but it is difficult to come up with all the money at
once. For health care everyone recognizes that insurance is needed, not only
to pool risks across the population, but to spread payment over the life
cycle. Isn't there a need for a corresponding mechanism for smoothing out
childcare payments as well? In other words, isn't the case for public support
for daycare not simply one of income redistribution, but also one of expense
smoothing?  The policy remains the same--public financing--but is it a little
easier to explain as a life cycle mechanism?

Peter Dorman



[PEN-L:3844] Re: rationality

1995-01-19 Thread Marshall Feldman


>Date: Wed, 18 Jan 1995 11:35:33 -0800
>Reply-To: [EMAIL PROTECTED]
>From: Robin Hahnel <[EMAIL PROTECTED]>
>
>The essential issue, I believe, is whether or not particular social
>institutions promote socially productive or socially unproductive
>behavior. [I'm sure we could argue for a while about how to define
>what is socially productive and unproductive, but let's assume we
>could agree on that for the moment.] Well, how does an institution
>promote one kind of behavior rather than another? For the most part,
>or if you wish to be more cautious in statements, certainly to some
>extent, institutions promote one kind of behavior rather than another
>by making one kind of behavior individually rational, IR as you say,
>and other kinds of behavior individually irrational. People do NOT
>always have to behave in IR ways in order for this phenomenon to
>occur. And people are always "free" to choose to behave in ways that
>are NOT IR for various reasons -- one of which might be moral or pol-
>itical committments. As one who as frequently chosen individually
>irrational courses of action -- as I'm sure you are too -- I know that
>the pressure from social institutions does not always succeed in getting
>me to behave in a particular way. But, that does not obviate the fact
>the social institution promoted, or pressured me and others, to behave
>in a particular kind of way, and forced me to behave in a way that in
>some meaningful sense was counter to my own self-interests as I see
>them.

I don't see why we have to give such pride of place to a subjectivist
notion of individual rationality.  Institutions may promote one kind
of behavior over another, but it seems unnecssary to add that they do
so by making one kind of behavior IR.  Institutions constrain,
empower, and pressure for some behaviors over others, and it seems
almost besides the point to worry if individuals consciously choose
these behaviors.  I cannot plan an effective course of action counting
on my vassels' oaths of fealty to provide me with labor when I need it,
but I might be able to count on my savings account serving the same
purpose.  The prospects of feudal labor relations are so remote from
my real possiblities that I do not even consider them.  There must
be an infinite set of alternatives I do not even consider, my
actual actions must have an infinite set of implications I am not even
aware of; ditto for motivations. It seems more meaningful to talk of
the institutional detemination of the scope for possible conscious
action before we worry about the rationality of those actions.  In other
words, the path to human action does not necessarily pass through
consciousness.

>
>It is in this sense that I think progressive critics of capitalism
>can argue that markets and private enterprise promote socially unpro-
>ductive behavior. And I don't see how that conclusion is contradicted
>by the fact that many people -- perhaps all people -- to some extent
>resist the pressure to behave in the ways markets promote, and even
>that the very viability of market systems hinges on people NOT always
>behaving in the ways that markets push them.

Marsh Feldman
Community Planning  Phone: 401/792-2248
204 Rodman Hall   FAX: 401/792-4395
University of Rhode Island   Internet: [EMAIL PROTECTED]
Kingston, RI 02881-0815

"Marginality confers legitimacy on one's contrariness."



[PEN-L:3843] Re: rationality

1995-01-19 Thread kevin quinn

I agree completely: I'm playing right into their hands! The goofiness was 
just too hard to resist: ("Tall buildings, High interest rates": in this 
sequel to Bright Lights, Big City we get the bratpack's investment 
philosophy). Actually the larger causes of the OC thing are interesting: 
what Citron was buying was what the industry calls the "toxic waste" 
thrown off of mortgage-baked securities--or so I remember reading 
somewhere recently. The risk was all taken out and concentrated and 
shipped off to Texas to be sold to unsophisticated investors by the 
"tin-men" of 
the industry, so Wall Street could peddle a nice risk-free instrument  
with a clear conscience. --Thanks for the warning! 

On Thu, 19 Jan 1995, John E. Parsons wrote:

> On Thursday, Jan 19, Kevin Quinn wrote...
> 
> > Speaking of rationality, did people catch the WSJ article on Robert
> > Citron, Orange County's erstwhile Treasurer? Apparently he was
> > loony-tunes and had been for some time. When his huge bet that interest
> > rates would fall became questionable as rates rose last Fall, he
> > explained to the oversight board why this would be reversed:
> >
> > "We do not have the large inflationary wage increases, runaway building
> > both in homes, commercial and those tall glass-office buildings. Few, if
> > any, tall office buildings are being built.."
> >
> > The reporter asked the source whether this sort of pretzel logic didn't
> > worry the Board---no, because he'd always "reasoned" this way, and they'd
> > been raking it in earlier!
> >
> 
> Careful Kevin.  The WSJ and a large part of the investment
> management community feel a need to scapegoat Citron in
> order to protect the investment advisor industry.  He may
> have been off in a variety of ways, and certainly he did
> something plain wrong, but he was a perfect match, a
> perfect component, for an industry that needs to be
> criticized.
> 
> There is an old saying in business that "You can't cheat an
> honest man."  It's the ones who want a deal that really is
> too good to be true that can be made into suckers.
> Unfortunately some people in the industry forget that that
> still leaves them cheating whoever or however one might
> describe their prey.
> 
> 
> 
> 
> 
> 
> John Parsons
> Graduate School of Business
> Columbia University
> 116th St. & Broadway
> New York, NY 10027
> (212) 854-3783
> (617) 288-4367
> 



[PEN-L:3842] Re: New Party piece

1995-01-19 Thread S. Lerner

Give em hell, Elaine! Hope to talk (and walk) New Party with you soon. Sally

>Come'on Doug, play nice.  In the same spirit that I took up
>J. Case, I'm sure you don't mean CP as a term of endearment.
>Play nice boys!  There's some real politics here, so cut out
>the red baiting bullshit.  I think the real CP, Trotskyist,
>New Left, American Left legacy is ignoring political differences
>and real discussion and decending everything to the level of
>name calling.  If you don't agree with me, you're a (fill in
>the gap) and therefore your criticism is unworthy of further
>concern or debate.
>
>On the issue of NYC I tend to think that it is rather unusual.
>The largest city in the country, with strange, strange, politics.
>I wish Mike Davis who move there and do for NY what he did
>for LA in CITY OF QUARTZ.  However, that aside, I do think
>that in building a grassroots, democratic, membership based
>political party that Madison, Milwaukee, Little Rock, etc
>will be more typical than NYC.
>
>As for the fusion tactic, the difficulty here is keeping as
>a tactic, and only a tactic, to gain state wide (or city wide
>or whatever level the group is interested in apply it) ballot
>status.  The barriers that the state has set up in this country
>to prevent democratic self-organization in elections is worthy
>of a totalitarian state.  It's a real barrier and problem for
>any third party.
>
>My view is there will be opportunists in the New Party, and
>sectarians, and we'll go too slow sometimes and too quickly
>other times.  But in a grassroots democratic party if we
>build a culture of real debate, over policy and tactics
>I believe we will be able to resolve differences -- and
>in fact, on occasion operate quite differently in different
>states and communities depending on the strength of the
>organization and it's level of organization (that is, has
>it elected people, does it have access to ballot status,
>has it been able to reform election laws...)
>
>Because I believe this discussions are absolutely essential
>to the growth and development of any third party, I think
>it's important for leftist, who agree or are critical of
>specific tactics, actions or policies to aid in creating
>a political culture where these issues can be debated and
>discussed on their merits -- not on who is an trot or who
>is a stalinist.
>
>Elaine Bernard




[PEN-L:3841] Re: rationality

1995-01-19 Thread John E. Parsons

On Thursday, Jan 19, Kevin Quinn wrote...

> Speaking of rationality, did people catch the WSJ article on Robert
> Citron, Orange County's erstwhile Treasurer? Apparently he was
> loony-tunes and had been for some time. When his huge bet that interest
> rates would fall became questionable as rates rose last Fall, he
> explained to the oversight board why this would be reversed:
>
> "We do not have the large inflationary wage increases, runaway building
> both in homes, commercial and those tall glass-office buildings. Few, if
> any, tall office buildings are being built.."
>
> The reporter asked the source whether this sort of pretzel logic didn't
> worry the Board---no, because he'd always "reasoned" this way, and they'd
> been raking it in earlier!
>

Careful Kevin.  The WSJ and a large part of the investment
management community feel a need to scapegoat Citron in
order to protect the investment advisor industry.  He may
have been off in a variety of ways, and certainly he did
something plain wrong, but he was a perfect match, a
perfect component, for an industry that needs to be
criticized.

There is an old saying in business that "You can't cheat an
honest man."  It's the ones who want a deal that really is
too good to be true that can be made into suckers.
Unfortunately some people in the industry forget that that
still leaves them cheating whoever or however one might
describe their prey.






John Parsons
Graduate School of Business
Columbia University
116th St. & Broadway
New York, NY 10027
(212) 854-3783
(617) 288-4367



[PEN-L:3840] Re: child care & the market

1995-01-19 Thread shecker

>On another list, an irrepressible born-again market enthusiast we'll call
>only H.G., after dismissing public jobs programs as "a joke" and "a waste
>of money," declared that government should do no more than finance child
>care, not provide it - provision being best left to private providers. In
>an answer to a follow-up question, H.G. said yes, all of 'em, when asked if
>these include nonprofits, co-ops, and/or MacKids.
>
>Any comments from pen-l'ers on other countries' experiences with public
>child care? Is the state a terrible provider?
>
>Doug Henwood
>[[EMAIL PROTECTED]]
>Left Business Observer
>250 W 85 St
>New York NY 10024-3217
>USA
>212-874-4020 voice
>212-874-3137 fax

As a member of my (public) university's child care committee I wrestle with
these questions regularly.  The idea that government is somehow inherently
inferior as a provide of child care is ludicrous.  Our continual struggle
is over quality and affordability.  We have high quality child care on
campus because we pay teachers and assistant teachers living (union) wages.
We are only able to do this because the students have voted to tax
themselves to subsidize the operation of the centers and keep costs
reasonable.  We are about to begin construction of a new child care
facility, intended primarily for staff and faculty, built with funds raised
privately through the university's foundation.  For the past two years we
have been juggling the numbers endlessly to figure out how it could be
operated without subsidies at affordable rates paying union scale for
staff.  It cannot be done (The numbers are something like $700/month for
infant/toddler care).  Private centers live off cheap labor with no
benefits, which means high staff turnover and reduced quality.  There is
pressure to contract out our new center to a private entity.  We argue
against the hypocrisy of running a center based on wages that result in
more working parents who then cannot afford care for their own children.

I don't know what the nuances are of the argument about government
financing versus government operating child care.  I do know what the
private market looks like here now, and it's not a pretty sight.  There are
exceptions, of course, such as private nonprofits that offer very good
care, but they tend to be high-priced and elite.

Steve


Steven Hecker
[EMAIL PROTECTED]
Labor Education and Research Center
1289 University of Oregon
Eugene, OR  97403-1289
telephone: 503-346-2788
fax: 503-346-2790




[PEN-L:3839] re: rationality

1995-01-19 Thread Ross B. Emmett

I've been following the discussion about rationality and 
institutions with interest.  While I don't have time to develop a 
full response, I'd like to point interested parties in the 
direction of Frank Knight's famous articles on "The Ethics of 
Competition," and "Ethics and the Economic Interpretation", which 
provide a critique of the rationality assumption and of the 
market as a social institution on lines similar to those pursued 
in recent postings.  Knight basically argues that market 
societies (i.e., societies shaped by the institutional structure 
of capitalism) produce people who do not qualify as ethical by 
any of the major ethical systems of our world.  You can find the 
two essays in *The Ethics of Competition*.

Ross

Ross B. Emmett, Augustana Univesity College, Camrose, Alberta
CANADA   T4V 2R3   voice: (403) 679-1517   fax: (403) 679-1129
e-mail: [EMAIL PROTECTED]  or  [EMAIL PROTECTED]



[PEN-L:3838] Re: rationality

1995-01-19 Thread kevin quinn


I agree with Jim that a full-blown homo economicus is nuts, because I 
think that 
"our" practices, properly articulated, would support this judgement.

Speaking of rationality, did people catch the WSJ article on Robert 
Citron, Orange County's erstwhile Treasurer? Apparently he was 
loony-tunes and had been for some time. When his huge bet that interest 
rates would fall became questionable as rates rose last Fall, he 
explained to the oversight board why this would be reversed:

"We do not have the large inflationary wage increases, runaway building 
both in homes, commercial and those tall glass-office buildings. Few, if 
any, tall office buildings are being built.."

The reporter asked the source whether this sort of pretzel logic didn't 
worry the Board---no, because he'd always "reasoned" this way, and they'd 
been raking it in earlier!

Well I think we need more evidence on this: e.g., in DC, where there are 
height restrictions on buildings, are interest rates lower?

Kevin Quinn [EMAIL PROTECTED]






[PEN-L:3837] New party - and (fwd) FAIR ad in NYT

1995-01-19 Thread Trond Andresen

My pessimistic posting on the unfeasibility of a radical U.S.  party
gaining majority influence, due to (among other things) the media (and
campaigning) situation in same country, is substantiated by the
following, no?

It is forwarded from another list.

Trond Andresen

- Begin Included Message -

 From [EMAIL PROTECTED] Wed Jan 18 01:27:36 1995
Date: Wed, 18 Jan 1995 01:27:36 GMT
Reply-To: Fairness and Accuracy in Reporting <[EMAIL PROTECTED]>
Sender: Activists Mailing List <[EMAIL PROTECTED]>
 From: Fairness and Accuracy in Reporting <[EMAIL PROTECTED]>
Organization: ?
Subject: FAIR ad in NYT

The following "Media Beat" column, written by Jeff Cohen (FAIR's
executive director) and Norman Solomon (a FAIR associate), is the
basis for an FAIR op-ed page advertizement in tomorrow's (Wed,
1/18/95) New York Times. If you would like to see this type of
hard-hitting media criticism each and every week in your local
newspaper, let the editorial page editor know. Dailies can get the
column from Creators Syndicate, a mainstream syndicate
(310-337-7003). Alternative weeklies can get it from AlterNet
(415-284-1420).

You can find more of this type of media criticism in EXTRA!, FAIR's
magazine. To subscribe, call 1-800-847-3993 (from 9 to 5 ET). Be
sure to let them know you heard about it on-line. You might want to
ask about getting the book "Adventures in Medialand" -- a
collection on Cohen and Solomon columns -- as a premium. Info on
FAIR material on-line can be gotten by sending a blank e-mail
message to: [EMAIL PROTECTED]

(originally written Oct. 5, 1994 -- ITAL means italics)
JUST IMAGINE: A MEDIA CRUSADE AGAINST BIG-MONEY POLITICS

 By Jeff Cohen and Norman Solomon

 After campaign finance reform died recently in the U.S.
Senate and health care reform was buried beneath the biggest
avalanche of political donations in the history of Congress, we
came across an astounding Washington Post column by Norman
Ornstein, aka "Dr. Soundbite."

 One of the most quoted experts in media history, Ornstein
argued that campaign money "has a very limited impact" on
Congress -- and criticized the press for its "obsession" with the
subject.

 Ornstein's through-the-looking-glass view sparked a vivid
fantasy, which we'd like to share with our readers. What if news
media actually ITAL>wereaveragedweakenWake up, folks! Time to return from Fantasyland.