Dollars and Sense has been around since the 1970s. Always a source of well researched critiques of capitalism. I recently, after a more than 30 year hiatus, re-upped a subscription
Dear Dollars & Sense,
Your new issue showed up the other day with the word “neoliberalism” in bold type on the cover. The continuing use of this term is not helpful. When I first saw this word a few years ago I wondered how the word “liberal” and “neoliberal” are connected? Then, I remembered the little I can recall about 19th century European political philosophy. Oh, its that liberalism that is new!
Really, outside of academic circles no one knows what this word means. Most in my circle find it off-putting, obscure and boring.
Free Market Religion
I prefer to refer to this ideology as “free market religion”. “Free market” is a widely used term as in “free market capitalism”. And “religion” gets across the fact that this is a counter-factual pile of BS.
If you don’t like my term, come up with something better. Please stop using “neoliberalism”.
Today I received an email from Congressman Faso’s campaign committee. It read in part:
The Democratic Congressional Campaign Committee (DCCC) today released a memo claiming Democrats are “starting the 2018 election cycle on offense.” This is an alarming statement on many levels. For one, they really do see the future of our nation as nothing more than a political game. They are also choosing to completely ignore the American people by not acknowledging the sweeping Republican victories from just two months ago.
The most worrisome item in the memo is that the DCCC listed my seat as a “Round One Target.” I was sworn in less than a month ago and already the Washington Establishment is targeting my district as one to pour hundreds of thousands of dollars into in order to install the liberal candidate of their choice.
The email then went on asking me to donate to his re-election campaign!
President Reagan was not the originator of this central trope of free-market (neo-liberal) politics, but he famously said in his first Inaugural Address in 1981, “Government is not the solution to our problem; government is the problem.” President Clinton, a Democrat, continued this theme during his terms culminating the the deregulation of the financial industry in 1999 setting the table for the collapse of 2008 and the Long Recession. Listening to almost any discussion by Republicans and Democrats you can find this theme, “If just get government out of the way, free markets will solve our problems.”
This ideology is ahistorical, counter-factual nonsense. It is asserted without any basis in fact. It is rhetorical cover for policies that have led to the vast enrichment of the wealthy and corporations and the impoverishment of everything public. Continue reading →
There is much ongoing discussion about steps needed to turn the enormous one day action of the global Women’s March in to a sustained movement to achieve better outcomes for the vast majority of Americans.1 To focus on just one strategic element, the movement needs to move beyond identity politics to embrace class warfare. The rich and corporations have carried out a sustained and successful class war for more than 40 years. They control the government and the economy. Donald Trump is just a symptom of the underlying issues. We need to break this hammerlock and shift the rules of politics and the economy back towards us, the 90% who are living off the remainders, the scraps from their feast. Continue reading →
The energy of this action is illustrated locally by the fact that over a 1,000 people marched in Hudson NY, a town of 7,000 in a county of 68,000. Video here of this event [↩]
“There” is our current situation in which our government has been bought by the rich and corporations, over 80% of the population has not had a pay raise in 40 years and the public sphere, schools, parks, our infrastructure, really anything not behind the gated walls of private wealth, is being starved in the name of free market ideology. The American promise that hard work, pluck and a bit of luck can bring success to anyone, regardless of their rank at birth, is an empty myth. If you are born poor you will die poor. Even if you are middle-class, there is a significant chance that you will sink and at any rate you will always struggle just to keep that middle-class status.
The rich and corporations have waged a 40 year class war. At this point they have won all of the battles and continue to take home the spoils. Continue reading →
A quick run down the screen on your smartphone reveals the range of activities at the Hudson Area Library. We won’t mention here all of the other groups using the Community Room for their meetings and events. Then take a look at the January ’17 E-Newsletter at the bottom.
The values of capitalism, especially as expressed through free market (neoliberal) ideology, have come to dominate how we organize our lives. Silicon Valley and the tech sector is busy celebrating the “gig” economy. Companies have simply stopped hiring employees and now conduct much of their work using “temps”, “1099ers”, part-time contract workers. The companies, and the champions of free markets, tout this as a wonder of flexibility and opportunity. For gigers not being recognized as an employee means that they lose out on all sorts of direct and indirect benefits long part of the contract between employers and employees: minimum wages, overtime benefits, health insurance, workers compensation for those hurt on the job, unemployment benefits for those who are laid off, proof of employment for those trying to rent or get a loan, and, perhaps most significantly, lower taxes (workers who are “independent contractors” have to pay the employer’s share of payroll taxes, thats an additional 7.7%). Part-time employees have no regular schedule, in many cases no regular place of work, no regular contact with other employees, or even a job at all. They are the ultimate commodity, entirely replaceable with very few contingent liabilities for companies.
American higher education long ago became an essential part of the corporate state and therefore focus for application of free market ideology.1 As the accompanying chart shows, in 1975 the contingent faculty (full-time non-tenure, part-time and graduate assistants) made up 55% of the academic workforce. Continue reading →
By corporate state I mean the current situation in which our government, rhetorically democratic, is really the captured entity of the rich and corporations. [↩]
As the presidential campaign of 2016 fades away and the Trump Era begins, we find a national scene without any real discussion of the facts of jobs and unemployment and what the future might bring. Trump and others talk about bringing manufacturing back to the US. No plan, plausible or otherwise, has ever been mentioned for how to accomplish this. The Democrat are hardly better. Much has been made and continues to be made of the role various trade agreements have had in the loss of manufacturing jobs. Even Bernie Sanders can do no better than talking about creating millions of good paying jobs through a national infrastructure program. It is laudable to fix the infrastructure that has become third world, but that is not a long-term jobs strategy.
There are structural changes in the capitalist economy that must be understood and accepted as fact. Lets begin with a few examples. US steel production, one of those lost American industries, is now as high as it was at the beginning of the 1960s. Continue reading →
A friend asked the following question of me on Facebook the other day:
What’s wrong with the word LIBERAL …. This word … progressives … is only a diluted weak solution of the real thing …. the L word has become like the N word … it can’t be mouthed in public. I know what Liberal means I don’t have a clue what progressive means … you’d think Neoliberal has some relationship to LIBERAL which it doesn’t. Am I the only person that can’t keep track of these shifting meanings which I think are meant to deliberately confuse the public .