Regulate Twitter – And FB, Google Etc.

So Twitter is melting down. Twitter became the de facto “town square.” It was a “public good” where We the People could get news and discuss things.

One super billionaire (plus Saudi Arabia) purchased it and is destroying it. He was allowed to purchase in an obvious attempt to influence what the pubic understands – against the “public interest.” This is because we no longer have a functioning government.

We are SO FAR from remembering that corporations are entirely creatures of law, which means they are created by OUR laws. Nothing more. We the People – government – created the idea of corporations as a way to get investment for large projects – things WE want done. Corporations were created to SERVE US.

We used to REGULATE corporations to be sure that these entities we created act in the public interest. Here we are with such an OBVIOUS demonstration of the need for government to step in and regulate. Quickly. But the concept has been erased from our brains.

We Are Supposed To Be The Boss Of Them.

Government is supposed to be We the People acting to make OUR lives better. It has been “captured” and acts now only on the interest of those who own these entities and so often against the interest of We the People. We allowed corporate money to “leak out” of the corporation and be used by individuals (the executives of the corporation) to literally bribe government officials to look the other way and allow them to loot the corporations and public sphere. That money also feeds a massive propaganda apparatus that brainwashes us into forgetting the very idea that We the People are supposed to be in charge here.

I recently wrote about this here: Understanding What a Corporation Actually Is Can Help Restore Democracy

Spending Is The Purpose of Government in a Democracy

This post originally appeared at Imagine Democracy Oct 10, 2021.

How often do we hear that “government spending is bad,” or “the government spends too much money”?

The purpose of government in a democracy is to do things for We the People to make our lives better. We the People make the decisions, and allocate resources toward making our lives better. Government spending is the point of democracy. Government in a democracy spends to make our lives better.

Here’s an experiment. When you hear the word “government” substitute the words “decision-making by We the People.”

When you hear, “Government regulation gets in the way of business” try this, “We the People are supposed to decide to regulate business activities to protect US”.

When you hear “the private sector should decide how to spend money,” try this, “In a democracy We the People decide to have roads and rail and solar power, etc.” When you hear that “taxes are theft,” try this, “We the People decide to tax the rich and their corporations so they don’t get so big that we can’t control them.”

This is not how it is today in this country. For decades we’ve been told that government – decision-making by We the People – is bad, that government spending – We the People doing things to make our lives better – is bad, that regulating – We the People protecting each other – is bad. And this has made our democracy weak.

So now many people believe anything government (democracy) does is bad and government spending is bad. That is anti-democracy, and we are living with the consequences of decades of that anti-democracy propaganda.

Budget Cuts = Eating The Seed Corn

This post first appeared at Government Cheese – Chronicling the Collapse of democracy

Government budget cuts are not what they seem.

Understanding history could also be called ‘wisdom.’ Wisdom told stories about “eating the seed corn.” If you eat the seed corn you can’t plant your crops the following year and everyone eventually starves.

In the early 80s Reaganism/Thatcherism (neoliberalism) convinced the country to drastically cut taxes on the rich and “pay for” it by cutting spending. The US stopped spending on maintaining and modernizing infrastructure – especially transportation infrastructure, on education, on science … on so many things. So we lived off of prior investment for so long. But the infrastructure deteriorated and we certain never modernized it. (Just look at our rail and transportation systems, compared to the rest of the world.)

All that $$ was transferred to the already-wealthy top few who paid for the propaganda that convinced the rest to do this.

Privatization

Another piece of this scam was “saving money” through privatization. Using local trash collection as an example, cities would “save money” by getting rid of public trash collection and contracting with the “private sector” to do this more “efficiently.” What this meant was laying off the decently-paid public employees and hiring them back at minimum wage with no benefits. The infrastructure – trucks etc – to do this would receive little maintenance, collection schedules would be cut back, and people had to drag their trash to the curb instead of having it picked up at the house.

This didn’t actually save money, it shifted it. The newly minimum-wage workers would lose their houses which reduced property prices for e everyone and killed the tax base, they’d go on public assistance, schools would suffer and have higher costs, etc across the board. And poor people can’t spend much so all local businesses suffer, too.

Etc etc etc we can see it all around us now. But it is too late.

See also:

When Government ‘Saves Money’ And Gets ‘Smaller,’ We All Lose

You can “save money” by not changing the oil in your car. But have you ever seen a car that has never had its oil changed? After a while white smoke pours out the back because the rings are ruined. Other parts of the engine are also being ruined. Eventually the engine will seize up and quit and you have to either replace the engine or scrap the car. A simple and inexpensive procedure every few months would have prevented many thousands of dollars in expenses later.

After the Reagan tax cuts we “made government smaller” in several ways that are coming back to bite us now. One way we “saved money” by not “changing the oil” was by deferring maintenance of the country’s infrastructure – the water systems, levees, dams, roads, bridges, airports, ports, rails systems, electrical systems, and the rest of the things we all rely on to bring us safe water, get us to work, ship products and generally move our economy and live our lives.

Now the American Society of Civil Engineers’ (ASCE) most recent “Infrastructure Report Card” estimates we need to spend $3.6 trillion just to bring the infrastructure up to where it should be, never mind catching up to the rest of the word with high-speed rail and smart electrical grid systems. The bill is getting more expensive every year, and people are dying as bridges, roads and other important infrastructure components fail. Thousands died in New Orleans when the levees failed.

5 ways privatization is fleecing American taxpayers

If people with OK public-employee jobs are replaced by lower-paid workers the community is poorer in the aggregate. More people will need public “safety-net” services. There will be foreclosures. Tax revenue drops because of lower pay but also because poorer people can’t spend as much in stores. Sales taxes drop as stores face fewer customers able to get by.

Reagan Revolution Home to Roost: America Is Crumbling

Understanding What a Corporation Actually Is Can Help Restore Democracy

This post originally appeared at Imagine Democracy.

“Some corporations do bad things.” “Corporations bribe politicians.” “Good corporations don’t harm people.” “Corporations are greedy.”

Almost everything we read and hear about corporations destructively misstates what corporations are and why we have them. Understanding what a corporation really is has enormous implications for our democracy.

Corporations Don’t “Do” Things

Here’s the thing: A corporation is a contract. It is a legal agreement enabled by our (“We the People”) government. That’s it.

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Inflation and Modern Monetary Theory- MMT

How many of you have heard about “MMT” – Modern Monetary Theory?

MMT says federal budgeting should look ahead to whether spending will cause inflation instead of just worrying that it will. After analyzing whether spending might cause inflationary pressures, address those causes of inflation – resource & capacity shortages – in advance. Then spend.

That way government can do what it needs to do to meet the needs and wants of We the People.

Example, of you want a high-speed rail system make sure to set up steel & train car manufacturing etc. first, then build the rail systems. If you approach it that way, capacity and resource shortages – steel, labor & other resources – don’t cause inflation.

Address the causes of inflation first instead of trying to “fight inflation” later by forcing people out of work, etc.

Superstitious Fear of Deficits

We have a superstitious fear that we might “run out of money.” We used to use gold (or shells) as money. Kings used to have to round up gold. People still think this is what money is. People think taxes round up gold – “revenue” – and the government that makes money – “dollars” – can somehow run out of the money it makes.

But that is not what money is, and not how a modern economy works. Money is created by government. (We “make” dollars and license banks to “create” money.) Taxes help regulate the money in the economy and (used to) balance its distribution. Dollars are like points on a scoreboard. A baseball game can’t “run out” runs. Our government can’t “run out” of dollars. Dollars are just an instrument of keeping score of how government has allocated our resources.

Unfortunately, the way government budgeting still works now – worrying about “deficits” and inflation instead of addressing problems that deficits might cause – we end up with austerity. We don’t spend enough. We don’t address the needs and wants of We the People. And if we see inflation we do terrible things to fight it. We CAUSE unemployment. We CAUSE poverty. Etc. We try to fight inflation after it begins instead of not causing inflation in the first place.

Austerity Breeds Fascism

Our medieval monetary superstitions and the resulting practices cause us to refuse to allocate resources to address our societal problems. This austerity keeps us from doing things to make our lives better. We don’t fix and certainly don’t modernize infrastructure, don’t provide healthcare or childcare or good education (through college), etc., so people feel government doesn’t work. As we saw in the 1930s and are seeing again now, austerity breeds fascism.

This is a great book to help understand MMT:

The Deficit Myth
Modern Monetary Theory and the Birth of the People’s Economy
by Stephanie Kelton

Also this April, 2021 NYT Op-ed by Stephanie Kelton, warning that our Covid relief budget process could boost inflation:
Biden Can Go Bigger and Not ‘Pay for It’ the Old Way

We CAN Have Nice Things

Take a look at this website keeping track of and teaching about MMT: We CAN Have Nice Things

TED Talk: The Big Myth of Government Deficits

This is a TED Talk by Stephanie Kelton, TED: The big myth of government deficits.

“Instead of trying to keep the deficit in check, Congress should be trying to keep inflation in check.”

“Instead of asking how will we pay for it, Congress should be asking, “How will we resource it.”

I Quit Twitter. Is Trump In Jail Yet?

I got off Twitter, for a while at least, and it’s wonderful. My concentration is returning. I’m able to go to the bathroom without my phone. And I’m even writing a blog post! (For better or worse.)

But I have a few questions:

– Has Trump or anyone at the top of things been held accountable for anything yet? I mean actually indicted for their crimes — not “stern letters” from Democratic senators. (Remember that report that detailed how Trump committed Obstruction but couldn’t be indicted because he was resident? Tell the Justice Dept. he’s not president anymore.) (PS His lawyer went to jail for a crime he committed with Trump but Trump couldn’t be indicted because he was president. Tell the Justice Dept. he’s not president anymore.)

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We Need a Department of Democracy

This post first appeared at Imagine Democracy.

This post expands on 2019’s , a “Department of Democracy,” to protect and promote democracy.

Democracy doesn’t have an advertising agency, and our discourse is swamped by well-funded anti-democracy efforts — done by self-interested parties like the tobacco and fossil-fuel companies. For obvious reasons such interests want to get government and its rules that protect the public from harms (a.k.a. regulations) “off their backs.”

Our elections have become a game in which secretly-funded disinformation, spread by secretly-funded propaganda outlets, in rigged districts, with voter suppression and apathy deciding who rules. Those minority-selected elected officials perpetuate these barriers in a “doom loop” that is ending democracy.

If what’s left of self-rule survives we need a government agency to take on the role of protecting and promoting democracy. Perhaps we could call it a Department of Democracy.

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Infrastructure “Deal”

So there’s a “bipartisan deal” on infrastructure that cuts out much of the original infrastructure plan, which was supposed to be urgently needed for the country. They say it can’t pass without an accompanying guarantee of a Reconciliation bill to pass the rest of what was proposed.

So in other words, we’ll get the entire original proposal (or maybe nothing) through reconciliation except months later than we would have if we had just passed it using Reconciliation in the first place, but leaving little time for much of the rest of Biden’s agenda, never mind all the bills the House has been passing.

This “deal” is because Biden, who was going to convince Republicans to work with him, couldn’t convince Democrats like Manchin to work with him. And Biden caved on taxing the rich.

Also you have to “pay for” something that will bring us trillions in future economic gains? But one way they are going to “pay for” it is by selling public infrastructure to private interests who can then charge US a fee to use OUR infrastructure.

PS For those who mistakenly think the US govt “borrows,” the interest rate is close to below zero when inflation is added in, so we actually “make money” if we “borrow.” But we absolutely can’t issue T-Bills to “pay for” the infrastructure that will bring us trillions of benefit.

PSS The US govt MAKES dollars. It doesn’t borrow them. It also chooses to sell T-Bills, for different reasons.

PASS Also, Republicans can now take credit for the infrastructure spending the public wants, even after cutting it by 2/3. Or is that 3/4?

The Democrats’ Dastardly Plan

This post first appeared at Imagine Democracy.

The Democrats have a sinister plan. They are going to trick people into voting for them by doing things to make their lives better.

They plan to use the people’s government to bribe the voters. They are strategically scheming to allocate government resources to deliver things like safety from the Covid-19 virus, health care, education, even modernized infrastructure. They plan to address problem like the climate crisis, racial injustice, even inequality, They will pass laws preventing companies from polluting, committing fraud and other things that companies have been allowed to do for so long! This hijacking of the government by Democrats for their own purposes could mean voters reward them by allowing them to do even more for them.

However the good Republicans also have a plan. To prevent the seizure of the government away from the corporations, they are passing laws to stop the voters from being able to reward the Democrats for their bribery schemes. They are gallantly making sure that it is very, very difficult for the bribed voters to get to polling places – of course prohibiting the ease of voting by mail – and if they get to voting places they will face all kinds of rules designed to keep the from the voting booths themselves.

In case voters actually do make it to the voting booths to cast votes, the districts are carefully drawn in ways that Democrat votes are concentrated into a very few districts, while the majority of districts remain under Republican control, no matter how the statewide vote turns out.

So be aware of this sinister plan by Democrats to bribe voters by making their lives better. Do not let them get away with it.

The #FightFor15 Minimum Wage WAS The Compromise. #FightFor24!

The minimum wage should be $24 if it had kept up with the gains in the economy.

Instead all those gains went to a top few.

CEPR: This is What Minimum Wage Would Be If It Kept Pace with Productivity

While the national minimum wage did rise roughly in step with productivity growth from its inception in 1938 until 1968, in the more than five decades since then, it has not even kept pace with inflation. However, if the minimum wage did rise in step with productivity growth since 1968 it would be over $24 an hour today, as shown in the Figure below.

$15 WAS the compromise!

$15 is a compromise already. If the minimum wages had kept pace with the gains in the economy it would be $24 or so per hour now, which is around $96K per year for a couple. What this means is that if labor’s share of the economy had stayed the same the minimum lifestyle equivalent would be what a $96K lifestyle today is. The house you’d be able to buy, etc. That would be our minimum.

#FightFor24

If they kill the $15 compromise there is no reason to keep fighting for $15. It should be $24 and we should all rightfully be fighting for that. It just gets us back to where we were before the great financialization, the great separation of labor wages from the economy, the great inequalizer.

So fuck 15, #FightFor24

Always Say “Jim Crow Filibuster” or “Racist Filibuster”

Always use the phrase “Jim Crow Filibuster” or “Racist Filibuster.” This takes away the cover of pretending the filibuster is a “norm” or “tradition” as an excuse for not killing it.

Senators like Manchin should not be asked if they support “ending the filibuster,” they should be asked if they support “keeping the racist filibuster.”

The Senate filibuster has a racist past and present. End it so America can move forward.

The nature of the filibuster, its rules and norms, is hardly an iron-clad tradition. It has changed and adapted greatly over the years since it first became popular in the civil rights era. But what hasn’t changed is its enduring connection to racism. The filibuster has always stood in the way of racial progress, whether employed by Southern Democrats of the Jim Crow era or the Republican Party today after a major shift in the party’s stance on racial equality. When you understand the filibuster’s racist past, it becomes clear that it has a racist present as well — and that we need to get rid of it.

Call it what it is, don’t let them take cover under “tradition.”