Rush Limbaugh Refuted

 

I found this on Facebook and I am delighted to put it on my blog for you to see. Rush Limbaugh is not alone in this kind of talk. I have seen a great deal of criticism aimed at the protestors alleging everything from rats and drugs to public sex. This defamation is an attempt to discredit the movement while avoiding talking about the very serious issues that these protestors are raising. I don’t like it. It’s not fair. Although, it is exactly the response I expected from much of our beltway media.

We need change and we need it badly – not just on Wall Street but in the media as well.

James Pilant

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Why Don’t We Just Govern the U.S. with the Default Settings from SimCity?

Because it’s just a video game with the scantiest connections to reality?

First, some background –

Herman Cain 999 Plan: Did It Come From SimCity?

Herman Cain Stole 9-9-9 Plan From SimCity?

Herman Cain’s 9-9-9 Plan Straight Out of SimCity?

That’s right. There is considerable speculation that the current Republican front runner got his inspiration for his tax policy from a eleven year old video game. I’m a little disturbed by this. I was under the impression that economic policy was important. However, all that it seems to take to become a front runner for the nomination is a catchy phrase like 9-9-9 borrowed from a “non-economist.”

However, it does offer some interesting possibilities. You could set up an economic policy where everyone got 200 dollars for passing “GO.” Although where you would put “GO” might be controversial.

Alternately, you could grow up insulated from the real world in a vault hundreds of feet beneath the earth and have to enter the outside world at the age of 18 in a bright blue jump suit with a medium size pistol and a wrist computer (Fallout 3).

Oh, well – you get the picture. Maybe the fantasy world of video gaming should have some distance from being used in the real world as economic policy? However, if you would like to build your own version of the U.S. economy, and set up your own fancy numbers – here is a link for SimCity –

Here’s where you can download Sim City 2000!!

Maybe you could go with 7/11/11?

James Pilant

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Ethics Bob Takes on the Topic of the Wall Street Protests

I consider Ethics Bob to be a buddy. We often write about the same topics. Here is his take on the wall street protests.

James Pilant

From Ethics Bob,

Ethics Bob

entitled –

 Take “Occupy Wall Street” complaints seriously, don’t use force to disperse them

Americans pay attention when a lot of people turn out. And so there’s lots of attention for “Occupy Wall Street,” or OWS for short. Thousands of people, mostly of the Millennial generation (born since 1982) are camping out in Zuccotti Park, just two blocks from Wall Street’s New York Stock Exchange.

The Right doesn’t like OWS: “I think it’s dangerous, this class warfare,” Mitt Romney opines. “Growing mobs,” snarls Eric Cantor. “Anti-American,” Larry Kudlow charges. “The beginning of totalitarianism,” warns Ann Coulter.

OWS comprises lots of people, diverse in temperament, opinion, and goals, but they are engaging in old-fashioned American protest, this one against corporate greed, social inequality, and joblessness.

Some dismiss them as incoherent, but that’s a mistake. They’re angry about the way our society has moved away from the American dream and toward greater and greater inequality. Like them or not, OWS is a growing force. Our country needs to take their complaint seriously. They may be as consequential as Tahrir Square. Or more. Or maybe not.

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Wall Street Protests, the 99 percenters, Spread Around the Globe

NEW YORK, NY - SEPTEMBER 26: A demonstrator ho...
Image by Getty Images via @daylife

It seems the winter of our discontent is spreading around the world. A small movement, the 99 percenters, continues to catch fire. I wonder if the great corporations are having studies done on the globalization of dissent?

Social media is not limited geographically to the United States, and that is increasingly important. The multinationals could organize for decades both on a national and international basis with little competition from dissent but that advantage is gone.

James Pilant

From Radio Netherlands Worldwide

Occupy Wall Street, the US protest against the financial elite and the banking sector, is spreading around the world. There are demonstrations planned for London’s financial district – and also for The Hague and Amsterdam. Occupy The Hague is demanding attention for a gamut of economic and political problems.

The Wall Street protests, which began last month, against “corporate greed and corrupt politics” have not only been repeated elsewhere in the country, in cities like Chicago, Los Angeles and Boston, the movement has spread to Canada and Europe. Demonstrations are planned for 15 October in The Hague and  a day later in Amsterdam. But Occupy The Hague goes beyond a protest against the financial system.

“The protest has scope for a range of opinions and interests,” spokesperson Robin van Boven says, “varying from the economic crisis to the Libyan uprising.”

“All these things are cause for concern. The point is that we want people to be aware of the problems that exist, and join us in looking for a solution. We think that at the moment politicians haven’t taken enough action.”

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Business Ethics in History – Abraham Lincoln

… An old acquaintance in Illinois, having organized a bank under the new National Bank Act, wrote offering some of the stock to Lincoln, who replied with thanks, saying he recognized that stock in a good national bank would be a good thing to hold, but he did not feel that he, as President, ought to profit from a law which had been passed under his administration. “He seemed to wish to avoid even the appearance of evil,” said the banker.

Carl Sandburg’s

Abrahm Lincoln – The War Years, 1861-1864

Page 344

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Business Ethics Roundup 10/11/2011

1. The Ethics Sage has a new post on the civility movement at Harvard  entitled –

Harvard University Jumps on the Civility Bandwagon

Here’s a key paragraph:

The fact is administrators at Harvard are pressuring the Class of 2015 to do something no other student class has ever been asked to do in 375 years: Sign a civility pledge. The “Class of 2015 Freshman Pledge” was presented to students before an opening convocation last month. The message serves as a kind of moral compass for the education Harvard imparts. In the classroom, in extracurricular endeavors, and in Harvard Yard and Houses, students are expected to act with integrity, respect, and industry, and to sustain a community characterized by inclusiveness and civility. The “Pledge” idea seems a bit odd to me. Is Harvard saying its students have not acted civilly up until now? Has Harvard ignored civic virtue in its teachings?

It’s a good article. Certainly, I think a few more pledges in the direction of civility and morality are merited. The current American ethos seems to be heavily drawn from Milton Friedman and Gordon Gekko, in equal parts.

2. Professor Chris MacDonald writing in the Business Ethics Blog has an article intriguingly entitled –

Bullying in Pursuit of the Public Good

This would be my preference for the key paragraph – not as lively as some of the others but it contains the heart of the message – Don’t assume one side is right all the time.

Now most people are generally not very worried about major corporations, or large institutions of any kind, being bullied. And it’s easy enough to understand why. We’re usually more worried about corporations having too much power, rather than too little. But to uniformly celebrate victories of NGOs over corporations is to assume that NGOs are always right. And that’s a mistake. It’s also a mistake to assume that NGOs are in any important sense democratic, or automatically representative of the public interest.

3. Lauren Bloom writing in her blog has a new article called –

A Loving Tribute to Steve Jobs

This is the best paragraph –

But the thing that keeps coming to my mind as I think about Steve Jobs was his dedication to creating extraordinary products that inspired unprecedented customer devotion. Everyone uses cell phones, computers, and other portable electornic devices these days, but if I hear someone say they “absolutely love” one of those devices, more often than not it turns out to be an Apple product. And while cartoons aren’t everyone’s cup of tea, film buffs who enjoy animation typically love Pixar movies. One might disagree on which of Pixar’s films is the best (my personal favorite is Ratatouille but my brother lobbies hard for The Incredibles), but to my recollection, there’s been something to love about every movie Pixar has ever produced.

4. Josephson on Business Ethics and Leadership has an article called –

Hunger and Poverty: Consequences of deregulating food markets

Millions of poor people are starving in famines right now because the U.S. has relaxed regulations on commodities trading over the past 10 years. Into the breach have rushed financial companies like Goldman Sachs that poured millions of dollars into food commodities trading, in pursuit of short-term profits. In the process, they’ve created artificially soaring food prices that affect the whole world.

As went tech stocks in the 90s, and housing prices in the 00s, the price of food is now set on a financial bubble.  And human agony and death is the result.

I wish the author had developed the topic in more detail. I fell like I was in the middle of a good strong read and then was cut off in the middle.

James Pilant

 

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My response to Andi’s Questions

Andi concluded his comments on my last post by asking me these questions, which I will now try to answer.

Whether protests are morally right or wrong, is difficult. What do you think about the following questions?:

Can a protest really influence decisions that there are fair outcomes for everybody? Or is it only a way to highlight unfair procedures?

I have no utopian vision of a world where everyone has a just outcome. It’s not going to happen. Life is messy and many things unfair. However, governments and economies are man made creations and there is no natural law governing them only numerical limitations, so if outcomes are produced by men those outcomes can be changed by men.

Income inequality only reached this level over many years and as a result of many changes both international and purely domestic. So, what can be changed in one direction can be moved into another.

Change is possible.

Now, can the protestors generate any change in the philosophy of the marketplace. Yes,

Over the last 150 years two basic philosophies have run through American Business. The first set is based on Christianity. It’s most pure economic form is the Social Gospel. This continues to the modern day with parallel visions like Marxism which is essentially an economic religion.

The second set is Social Darwinism. Herbert Spencer will be its prophet and it may very well have culminated philosophically with Milton Friedman. Edmund Spencer took the survival of the fittest concept from Darwin. Milton Friedman added Darwin’s concept of natural selection, that is, the process of evolution must not be interfered with to favor the weak.

These have fluctuated in power and influence. Currently, the debate leans very heavily in the direction of free market fundamentalism, the Chicago School of Economics.

What effect can the Wall Street Protests have?

First, they shift the discussion. For most of the previous year, the public was assailed with tales of the dangers of deficit spending, a discussion focus of the American beltway elites but a subject with precious little importance to the great mass of Americans.

Second, it makes the wealthy and the beltway elites uncomfortable. The disdain and over reactions from the right wing media are palpable. You have to understand that in this country, the wealthy are insulated from virtually any criticism. Over the last forty years wealth has become a sign of virtue in many circles. They live in world where the media idealizes them, where the government is an ally which takes their needs seriously and where the lower classes are discussed as overpaid, lazy, fat and lacking initiative. To hear a contrary dialogue is to them astonishing. Let them be astonished.

Third, and most critical, the movement is laying the groundwork for groups of citizens to follow, a template for action. This means that in the future when there is a policy placed before the public, these groups spawned by this political action will be able to present alternatives or start initiatives of their own. Policy battles that have been one-sides will become disputes where more than one point of view is heard.

James Pilant

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Andi comments on the previous post – The 99 Percenters – Why is New York the Center of their Protests?

This is a comment on a previous post –  The 99 Percenters – Why is New York the Center of their Protests?

(The article was actually motivated by one of my reader’s comments on Facebook and while I hope there are elements of a call for economic justice implied in it, I didn’t have any ethical argument except for inequality itself – James Pilant)

Here’s Andi’s response to the post –

While reading this article, I wondered about the ethics and what the author wanted us to tell. Is it the question whether it is morally right that people do the protests in NY or is it the question if it’s ethically that 1 percent of the population in NY owns about 44 percent of all income?! Or is it the more general question whether it is ethically to do protests in the street?

To answer this question it is necessary to know the definition of an ethical decision. A decision is ethically if it affects others, has alternative courses of action and is perceived as ethically relevant by one or more parties.
By comparing the questions with the definition, it becomes clear that the second question cannot be discussed under ethical terms. Only the questions whether it is ethically to to protests or to do them in NY, has alternative courses of actions.
Therefore I focus on protests and try to state my opinion about it.

To answer the question with the postmodern ethical theory (= decision is morally right if the person follows his emotions in a situation), I would say that doing protests to point to abuses is morally okay because it is a good medium to raise high attention in the press and in tv newscasts. But that’s only half of the story. To answer this question in a more rational view, the combination of postmodern ethical theories and ethics of rights and justice is needed. Here the question of fair procedures or fair outcomes comes up.

Whether protests are morally right or wrong, is difficult. What do you think about the following questions?:

Can a protest really influence decisions that there are fair outcomes for everybody? Or is it only a way to highlight unfair procedures?

My great thanks to Andi for taking the time to comment and not just to comment but to comment with intelligence and insight. I want Andi to know that author identification is up to the contributor. If you want to be clearly identified with e-mail, blog links, etc.., you have only to ask and I will modify the posting.

Thanks!!!

James Pilant

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The 99 Percenters – Why is New York the Center of their Protests?

There are a lot of good reasons for centering the protests in New York, the proximity of the video and print media, the enormous number of opinion leaders in the area, and certainly the ability to recruit and maintain large numbers of protestors.

This would have been very difficult in Washington. Most of that city is a ghetto with little of the private infrastructure available in a modern metropolitan area.

But the history of Wall Street has to be a factor. It’s been a center of corporate power in the United States for almost two full centuries, and only the excesses of the Gilded Age rival the current levels of self-contentedness and pride among the wealthy today.

But there is also this article below. It has some powerful observations about why New York is such a good venue for the 99 percenters. —

Christopher Ketcham writing in McClatchy’s has a new article entitled –

Occupy Wall Street: The new populists?

The focal point, however, is specific: Manhattan. The capital of the finance corporations whose speculation, chicanery and outright fraud have produced havoc and pain for so many Americans. It sets the model nationally for a metastasizing economic regression: the maldistribution of wealth into the hands of the few.

Out of the 25 largest cities in the United States, New York is the most unequal when it comes to income distribution. In New York, the top 1 percent of households claimed 44 percent of all income during 2007 (the last year for which data are available). That’s almost twice the record-high levels among the 1 Percenters nationwide, who claimed 23.5 percent of all national income in 2007. During the housing bubble that ended in our current calamity, the average income for the 1 Percenters in New York went up 119 percent.

Meanwhile, the number of homeless in the city rose to an all-time high last year, with 113,000 men, women and children retreating night after night to municipal shelters. The real hourly median wage in New York between 1990 and 2007 fell by almost 9 percent. Young men and women age 25 to 34 with a bachelor’s degree and a year-round job in New York saw their earnings drop 6 percent. Middle-income New Yorkers – defined broadly as those earning between $29,000 and $167,000 – saw a 19% decrease in earnings. Almost 11 percent of the population in New York, about 900,000 people, lives in what the federal government describes as “deep poverty,” which for a four-person family means an income of $10,500; the average 1 Percenter household in New York makes about that same amount every day.

(Read more: http://www.mcclatchydc.com/2011/10/07/126534/occupy-wall-street-the-new-populists.html#ixzz1aKQk8zI2)

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Will the Wall Street Protestors’ Movement, Be Absorbed into the Democratic Party?

Robert Reich writing in his blog has this to say on the subject

But if Occupy Wall Street coalesces into something like a real movement, the Democratic Party may have more difficulty digesting it than the GOP has had with the Tea Party.

After all, a big share of both parties’ campaign funds comes from the Street and corporate board rooms. The Street and corporate America also have hordes of public-relations flacks and armies of lobbyists to do their bidding – not to mention the unfathomably deep pockets of the Koch Brothers and Dick Armey’s and Karl Rove’s SuperPACs. Even if the Occupiers have access to some union money, it’s hardly a match.

Yet the real difficulty lies deeper. A little history is helpful here.

In the early decades of the twentieth century, the Democratic Party had no trouble embracing economic populism. It charged the large industrial concentrations of the era – the trusts – with stifling the economy and poisoning democracy. In the 1912 campaign Woodrow Wilson promised to wage “a crusade against powers that have governed us … that have limited our development … that have determined our lives … that have set us in a straightjacket to so as they please.” The struggle to break up the trusts would be, in Wilson’s words, nothing less than a “second struggle for emancipation.”

Reich goes on to analyze the gradual “escape” of the Democratic Party from Populist issues and its transformation into a financial party much like the Republicans. He is, of course, correct – while the movement has some sound bites that seem to the untrained ear to mimic the occasional Democratic politician, the message of the Wall Street Protestors is inimical to the interests of both political parties.

The Republican Party and these Wall Street Protestors are alien to one another but to the Democrats these protestors are only slightly less strange. The Democrats have been selling free market fundamentalism, de-regulation, tax cuts, tax breaks, tax holidays, subsidies, free trade pacts, etc. for years. If that sounds exactly like the Republican Party, it should because it is. The parties vary dramatically on many issues but on the treatment of our financial elites they are both little more than courtiers at the court of the king, the top one percent.

The things that motivate the protestors may from time to time provide the Democrats with useful dialogue for a quick commercial but they haven’t been important to the party apparatus for decades. Once the commercial is cut, the message will be forgotten unless the poll numbers move briskly in which case the line will have a brief second life.

The Democrats are going to do what the Democrats always do, pretend to care. They’ll throw some crumbs to the demonstrators, endorsements, praise, nice op-eds and eventually “proposed” legislation. The legislation will be gradually forgotten, or re-written until there is nothing left or passed in one house to languish in the other. The fix is always in.

When the Democrats care about something like “free” trade deals, it goes right to the top right away. The damn things can annihilate the economic fortunes of millions of Americans but the Democrats vote for them quickly, easily and in almost total lockstep because that is what the “real” Americans, the top one percent want.

A political party built around the protecting the welfare of the bottom 99% of the population is not just a radical idea, for the professional campaigners is simply doesn’t make any sense, by their reasoning, the bottom 99% doesn’t have the kind of money or influence to run elections.

That conventional wisdom is unlikely to change. Campaigns have been run for the interests of the top one percent for decades, and it is no doubt much easier to win with incredible sums of money from a handful of donors, who can be counted upon to give large sums year after year, than it is to actually work an election from point of view of actual human beings.

Is this going to be a turning point in history? I hope so. I don’t see the protestors handing their movement over to the President or anyone else. Identification with either major political party inevitably leads to an absorption of the least controversial elements. It is destructive to the political process to allow such co-option.

Only movements separate from the parties can have a long term effect on the party itself. The reason for this is that parties exist to elect candidates, not to effect change. Thus, we have the spectacle of the Democratic Party developing into a party of professional politicians purchasable virtually at will. To make a party tow the ideological line, you have to beat and humiliate politicians who hold other beliefs. It has to be done outside the party.

James Pilant

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