From Pine View Farm

Political Economy category archive

Courting Disasters 0

In denying Pennsylvania Republicans’ efforts to retroactively exclude mail-in (aka, “absentee”) ballots from the tally of the recent election, the Pennsylvania Supreme Court went so far as to use the word “farcical” in their ruling.

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The Stock Market Is Not the Economy, One More Time 0

The editorial board of the Bangor Daily News explains. A nugget:

“How have stocks remained so resilient in the face of such a severe shock? In part, it’s because of inequality. Stocks are overwhelmingly owned by the top 1 percent, which means speculation has been able to continue even as more people have lost their jobs than at any time since the Great Depression,” Boushey* wrote.

More at the link.
_____________________

*Heather Boushey, president and CEO of the Washington Center for Equitable Growth.

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The Stock Market Is Not the Economy, Part Tertillion 0

Bob Peckman explains at The Roanoke Times. Here are some of his main points; follow the link for an exploration of each.

Why are we among the world losers? Do not say that Trump was sabotaging our country. . . .

From Trump’s recently revealed comments, I think we can assume that he was telling reassuring lies to avoid upsetting the economy.

(snip)

Trump knows nothing about the economy of a society, only how a business can take money FROM society.

Aside:

Notice that the author said “take money,” not “make money.” Methinks that choice of wording was quite deliberate.

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Graham Cracker 0

Title:  Lindsey Graham fist bump.  Image:  Lindsey Graham giving half-hearted fist bump to Kamala Harris while hugging a giant uniformed figure labeled

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Tales of the Trumpling: Snapshots of Trickle-Down Trumpery 0

Trumpling text messages tempt terrorist tactics.

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The Whitelash 0

Darcia F. Narvaez explores the human cost of what she refers to as “movement conservatism,” which is defined in detail in the opening of her article. She cites several specific examples from the research of Jonathan Metzl (citation at the link), arguing that the policies are rooted in racism, but ultimately rebounded to harm the white voters who supported them.

Metzl writes that he “repeatedly found examples of policies, politics, or products that claimed to restore white authority but silently delivered lethality” . . . .

Follow the link for very specific examples, and, as you do, remember the words of Lyndon Johnson.

(Broken link fixed.)

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“Magic Beans” 0

Werner Herzog’s Bear is stretched to the limit.

And I’m sure he’s not much of an exception.

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It’s All about the Algorithm 0

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The Case of the Base 0

At Psychology Today Blogs, Vinita Mehta points out that the conventional wisdom as to the roots of Donald Trump’s support are not born out by facts (emphasis added).

It turns out that Trump supporters actually weren’t affected by foreign trade or immigration to a greater degree than his non-supporters. And, on average, they didn’t suffer from lower incomes and unemployment more than anyone else. Also remember that in 2016, overall economic conditions were improving.

So, why did Trump amass a larger following than expected?

She goes on to cite an article by Professor Thomas Pettigrew and to explore the five factors that he identifies as characterizing Trump’s core supporters, which include

      1. Social Dominance Orientation
      2. Authoritarianism
      3. Relative (i. e., perceived–ed.) deprivation
      4. Prejudice
      5. Intergroup contact (or lack thereof–ed.)

I commend the entire piece to your attention.

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Truth Is Stranger . . . . 0

It's 2019.  A script-writer is pitching a script to a studio executive says,

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The Caddy and the Carrier 0

Donald Trump on golf course with caddy dressed as plague doctor.

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The Privatization Scam, There’s No Money To Be Made from the Public Good Dept. 0

David and Richard Wolff discuss the economic reasons why capitalism failed to protect the public from the pandemic.

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Sacrificial Lambs 0

At the Idaho State Journal, Jim Jones explains.

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Taxed beyond Endurance 0

I paid more in federal income tax last year than Donald Trump paid in the last decade.

Hell, I paid more in state income tax last year–oh, never mind.

Of course, the cultists will be in no way discombobulated, because Dear Leader is always right and never wrong.

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Follow the Money 0

Thom and Dr. Richard Wolff discuss the economic underpinnings of racial and ethnic discrimination and police brutality.

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The Stock Market Is Not the Economy 0

One more time.

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The Businesses of America Are Giving America the Businesses 0

Mike Ellerbrock points to a number for factors to explain what he dubs “the lopsided evolution of income, wealth, and power during the last four decades.” Follow the link for a detailed discussion of each one.

  • Stakeholders vs Shareholders.
  • Workers’ Wages.
  • Workplace Justice.
  • Corporate Welfare.
  • Market Concentration.
  • Civic Leadership.

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Rugged Individualism, the America Way 0

Title:  Learning Curve on the Road to Success.  Image:  Man and woman looking at pedestrian crossing, which has two lanes.  One lane, labeled

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Thrown to the Wolves of Wall Street 0

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Celebrating This Trumpled Labor Day 0

Crowd of masked persons parading down the street past buildings with signs in the windows saying

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