Mini-Me: Graduates versus Oligarchs–Reality Knocking

03 Economy, Civil Society, Commerce, Commercial Intelligence, Corruption, Cultural Intelligence, Government
Who? Mini-Me?

Paul Krugman recollects a point he made years ago that Chuck Spinney and Joseph Stiglitz and Martin Auerbach have been pressing home for over a decade.  Absentee landlords and capital flight from the heartland.  TWO sucking chest wounds.

Graduates Versus Oligarchs

Paul Krugman

New York Times, 1 November 2011

Dean Baker raises an important point here: it’s really awfully late in the game to be saying that the important inequality issue is college graduates versus non-graduates. It’s not clear that this was ever true, and it certainly hasn’t been true for a while.

I wrote about this years ago, using Ben Bernanke’s maiden testimony as Fed chair as an entry point. As I said then, Bernanke — like many others — had made:

a fundamental misreading of what’s happening to American society. What we’re seeing isn’t the rise of a fairly broad class of knowledge workers. Instead, we’re seeing the rise of a narrow oligarchy: income and wealth are becoming increasingly concentrated in the hands of a small, privileged elite.

Read full article (two graphics).

Ralph Nader: Overcoming Corporatism

Advanced Cyber/IO, Civil Society, Collective Intelligence, Commerce, Commercial Intelligence, Cultural Intelligence
Ralph Nader

From: Ralph Nader

Date: Thu, Nov 10, 2011 at 8:38 AM

Subject: Overcoming Corporatism/Selling My Book

The organizers of the spreading Occupy initiative are taking their awareness and moral indignation right to corporate territory—Wall Street, the corporate lobbies in Washington, D.C. and their likes around the nation. The denizens of corporate territory have taken notice, with varying degrees of alarm, hoping that wintry weather will thin out the encampments.

But the corporate plunderers have not changed their behavior, continuing to dominate, outsource labor, deceive, pump the war machine, pollute, demand taxpayers bailouts, and guarantee and provide open checkbooks for the election campaigns of their indentured politicians.

Continue reading “Ralph Nader: Overcoming Corporatism”

John Robb: Occupy Resilience – Condemn the Regional Power Companies and Then Municipalize Them

03 Economy, 05 Energy, 07 Other Atrocities, 09 Justice, 11 Society, Blog Wisdom, Commerce, Commercial Intelligence, Corporations, Counter-Oppression/Counter-Dictatorship Practices, Earth Intelligence, Ethics, Government, Power Behind-the-Scenes/Special Interests
John Robb

Resilient Energy: Municipalization of Power

How can you help your community build a resilient energy system?  One of the first steps is to buy back the energy system from the regional power company by condemning it and then municipalizing it (it can be run as a power co-op or as a standard company …  The structure really depends on the community.).  This moves provides you with the control of the local grid so that your community can:

  • Ensure higher levels of maintenance (tree trimming, etc.) and faster response to failure.  During the two big power outages on the east coast this summer/fall, power was out for much of the region for nearly a week.  In many cases, the municipal power companies get power back on to all of their customers in 1/2 the time of the big regional companies.
  • Cut rates and change energy mix.  As a municipal company, you can select the different types of energy you will use locally.
  • Add advanced micro-grid features.  Everything from community energy markets to local energy backup to power smoothing.   Extra benefit of this approach:  it will prevent the regional power company from using smart grid tech to snoop on everyone in the community by micro-analyzing energy use (which they will then resell to marketing companies or provide to the government w/o warrant for “signature” sniffing).

All of the benefits listed above will double or treble in importance as the global economy nose dives into depression over the next couple of years.  So, it's better to get started early than later.

Here's a few links from the Boulder Colorado effort to condemn and municipalize it's power.  A combo of bad service and a low level of renewables use prompted the effort (use whatever hooks you need to get it done, but get it done):

  •  Renewablesyes.org The site of the citizens coalition.  The astroturf site of the national power company.
  • Citizen groups do the hard work.  A technical group does the modelling and analysis for a municipal grid.  They compare rates, costs, and energy mix  Here's an amazingly video of a member of that team, Sam Weaver.
  • Homer software. The software you need to model a municipal grid from rate analysis to energy mix.  The numbers.

NOTE:  Great article in the NYTimes today on how the big regional companies are so focused on acquisitions, regulatory gaming, and extractative finance; they are delivering terrible service.

NOTE:  Great pushback in the comments on how tough it is to do this.  Basically, crony capitalism (revolving door, bribes, etc.)  + regulatory capture (same mindset) + gov't granted monopoly = lots of opposition.

Koko: Bernie Sanders on Time to Change Fed

03 Economy, 07 Other Atrocities, Commerce, Corruption, Government, Hill Letters & Testimony, Money, Banks & Concentrated Wealth, Power Behind-the-Scenes/Special Interests, Secrecy & Politics of Secrecy
Koko

Worth a close reading.  The revealed conflicts of interest and probably high crimes and misdemeanors and nothing less than expected, but astonishing all the same.

The Veil of Secrecy at the Fed Has Been Lifted, Now It's Time for Change

By Sen. Bernie Sanders

Huffington Post, November 4, 2011

As a result of the greed, recklessness, and illegal behavior on Wall Street, the American people have experienced the worst economic crisis since the Great Depression. Millions of Americans, through no fault of their own, have lost their jobs, homes, life savings, and ability to send their kids to college. Small businesses have been unable to get the credit they need to expand their businesses, and credit is still extremely tight. Wages as a share of national income are now at the lowest level since the Great Depression, and the number of Americans living in poverty is at an all-time high.

Continue reading “Koko: Bernie Sanders on Time to Change Fed”

Event: 8-10 June NYC Strategies for a New Economy

03 Economy, Academia, Commerce, Commercial Intelligence, Ethics
Click on Image to Enlarge

Upcoming Event:

June 8-10, 2012
Conference:  Strategies for a New Economy
Bard College, on the Hudson River, New York
Registration open in January of 2012
Themes for Conference Tracks
Each Track will have seven associated workshops
1.  Modeling the New Economy: Shared Prosperity within Planetary Limits
2.  Measuring Well Being: Alternative Indicators of Wealth and Progress
3.  Banking and Financing a New Economy: Scale, Criteria, Innovation
4.  Re-building Local Economies:  Engines for Resilience
5.  Re-imagining Ownership: Coops, Stakeholders, Corporate Structure
6. Transforming Money: Structuring, Issuing, and Valuing New Mediums of Exchange
7.  Sharing the Commons: Identifying, Allocating, and Restoring
8.  Messaging a New Economy: Education, Media, Public Campaigns
9.  Forging Justice for All: Economic Security, Equity, and Jobs in the New Economy
10. Empowered Youth: Mandating a New Economy
11. Responsive Government for a New Economy: Politics as if People and Planet Mattered
 12. Moving Beyond Consumerism: Plenitude, Sufficiency, and Mindful Consumption
noble gold