Wagging the Dog

I actually do recollect seeing the movie of that name and a mildly amusing venture it was, into speculative political fiction; a whole war generated out of thin air by an unholy cabal of scheming bureaucrats, a conniving segment of the entertainment industry and a tame media, eager to be spoon-fed an appealing story if it would goose ratings by a point or so … and all in the cause of burying a political scandal involving a US president by setting up a war, with a hero and a theme song and cheering crowds and all. The movie was based on a book by Larry Beinart weirdly enough, I also have a copy of it on my shelves. The book is much, much darker than the movie, but the premise is just as improbable; the national news media and the Industrial Entertainment complex going all in to generate and publicize a war with the aim of re-electing a Republican president at the bidding of and through dark money provided by a Republican eminence grise? Talk about the suspension of belief necessary to find that concept credible; not even with a bucket truck and one of those enormous construction cranes used for high-rise projects …

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American Gulag and Stasi, Inc

Today marks the one-year anniversary of the protest at the Capitol, in Washington, DC. A good many of those who attended felt they had a perfect right to walk into the Capitol Building, which is after all, the structure that we pay for and support our so-called political representatives with our votes. So why didn’t we have the right to walk into it, especially when allowed by the Capitol Police gatekeepers? There certainly were enough loud progressive protesters at the Kavanaugh hearings, setting the example for conservatives to follow an established principle. Or so they thought … mistakenly, as it has turned out. A number of questions about that event still remain.  

(Historically, well-wishers thronged the White House, upon the election of Andrew Jackson, and pretty much destroyed carpets and upholsteries, with the passage of their dirty boots and subsequent rowdy and presumably drunken celebration of a man of the people, a genuine frontiersman, to the highest office in the land. Again the halls of government are rightfully, our halls not the exclusive property of temporary lords and ladies. Or so we had assumed. But Jackson was a Democrat, of course, so all was forgiven.)

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Quote of the Day

J.E. Dyer:

“. . . The real security crisis today, for the entire world, is the campaign in the West to vitiate the essential idea of nation-states with secure borders and sovereignty. This is both a domestic and an external security struggle for America. It’s part of the same crisis that is our current politics.”

The War Against the Middle Class

It’s one of those things of which I was mildly aware for decades, mostly through the medium of novels with an English setting … but now it has become painfully and bitterly obvious that there is an American class system, and in it’s present incarnation, malignant. We had always prided ourselves on being relatively class/caste fluid, a place where one might go from rags to riches through striking it rich, developing a better mousetrap, investing cannily, and still be on the same social level as ‘old money’. This new divide is bitter, hostile, and possibly lethal. It’s the social and political authoritarians, who crave power over the rest of us, pitted against the working and middle classes those who have a degree of control over our own lives, enough income to be at least tenuously comfortable, the leisure and energy to take part in public matters, even if only in a small way. The middle class have the effrontery to believe that yes, we ought to be able to control our own lives, rather than have every aspect controlled by the authoritarians.

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The Johnstown Flood

Pennsylvania borrowed more money to build infrastructure supporting canals than any other state to take advantage of the trade opportunities of the Erie Canal. Construction started on the South Fork Dam in 1838 with scheduled completion within a year, but by the time it was finished in 1852 the railroads had made it obsolete. The state wrote it off and it eventually provided a fishing lake for Pittsburgh’s elite. When it burst in 1889, causing the Johnstown flood, the total loss in life and property was probably 100 times the initial construction cost. Pennsylvania, having long since declared bankruptcy in 1841, blamed the rich.

Most every year the Congress metaphorically dances on top of the earthen South Fork Dam looming over Johnstown with the water lapping at their feet. Their solution is always the same: Let’s throw some more dirt on top this year. We’ll drain it when we drain the swamp, after we eliminate the air pollution in Johnstown, the price paid for the industrial revolution raising American living standards in the late 1800s.

The primary issue facing America during the post WW II era was whether its consumerist economy could continue to produce rising living standards for all, the cornerstone of political legitimacy. The leader of America’s competitor Nikita Khrushchev in the Soviet Union put the issue crudely six decades ago: “we will bury you” with a savings and investment rate several multiples of yours. America’s intelligence community and economic elite were shocked by the sudden collapse of the Soviet economy – like a dam bursting – less than three decades later.

Khrushchev, like most of America’s development economists, understood the role of saving and investment but not how important the private capital markets were to the allocation of capital to its highest and best use, politically directed credit being the main cause of their collapse. In Johnstown everyone knew that the valves to lower the water level in the lake had been removed during the last amateurish reconstruction, but fixing or removing it was opposed by rich land owners. The debt ceiling has similarly proven an ineffective mechanism to control America’s flood of debt, with the central bank standing ready to buy it all to the benefit of the wealthy. American politicians, feeling unbound by constitutional constraints, are addicted to issuing debt, the birthing person’s milk of politics. The Biden Build Back Better Plan  promises to strengthen the dam, but like the amateurish repairs to the South Fork will weaken the dam’s foundation while causing water levels to rise, possibly to a critical level.

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