Review: Profit Over People–Neoliberalism & Global Order

5 Star, Capitalism (Good & Bad), Empire, Sorrows, Hubris, Blowback

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5.0 out of 5 stars Pay Attention or Pay the Price,

March 10, 2002
Noam Chomsky
Edit of 20 Jun 09 to add links (feature not available back then)

This book begins with a very fine introduction by Robert McChesney, who defines neoliberalism as an economic paradigm that leaves a small number of private parties in control and able to maximize their profit (at the expense of the people). He goes on to note that a distracted or apathetic or depoliticized public essentially “goes along” with this, resulting in the loss of community and the rise of consumerism.

Chomsky himself, over the course of 167 pages, points out the damages of neo-liberalism (public abdicating power to corporations), not just to underdeveloped nations and their peoples, but to the American people themselves, who are suffering, today, from a fifteen year decline in education, health, and increased inequality between the richest and the poorest.

Over the course of several chapters, he discusses various U.S. policies, including the U.S. policy of using “security” as a pretext for subsidizing the transfer of taxpayer funds to major arms dealers. The declaration of Cuba as a threat to U.S. national security is one that Mexico could not support–as one of their diplomats explained at the time: “if we publicly declare that Cuba is a threat to our security, forty million Mexicans will die laughing.”

At the end of it all, Chomsky comes down to the simple matter of protecting both civilization and the civilians from their own governments in cahoots with corporations. His observations on the deaths by disease, starvation, and so on, at the same time that billions are being spent on arms which perpetuate the cycles of violence, are relevant. So also are his observations on the dramatic increase in both the extent and the damages caused by increasingly unregulated financial markets. He singles out the Multilateral Agreement on Investment (MAI) as an especially pernicious organization whose machinations are invisible to the public and harmful as well.

I note with interest a review of this book that seeks to call Chomsky a liar, uninformed, and a laughingstock among “serious” scholars. I wish to address that point of view kindly. I can understand, when scholarship consists largely of going through the motions, reading a limited number of works, and answering by rote with the prescribed thought, how so many of our allegedly educated people in business and government are simply socially tuned in. I have myself come to the conclusion that Washington runs on 2% of the available international information (and is largely witless about the 75% or so that is in foreign languages), and I also agree with Howard Bloom's observation in Global Brain: The Evolution of Mass Mind from the Big Bang to the 21st Century, to wit, that half one's brain cells are killed off by the time one is an adult, due to normal biological adjustments to accommodate the prescribed social, cultural, and intellectual parameters that are demanded if one is to “get along.” In that light, I view Chomsky as one of our more important vaccinations against premature stupidity among our loosely-educated adult policymakers. For myself, with considerable reading and a 25-year national security career behind me, I find that while Chomsky is repetitious, he is generally meticulous about foot-noting (something that cannot be said for the lazy authors residing in most think tanks, all of them being paid to think along very specifically prescribed directions).

The bottom line for me is clear: citizens must read and think, or perish from the earth as slaves to those who control money. There is only one thing that matters more than money in this world, and that is the vote. In a representative democracy, the vote can be bought with ease *until* the moment comes when citizens realize that they can combine the use of public sources to reach conclusions (open source intelligence) with self-organization via the Internet, with civil action (cyber-advocacy, street-advocacy, communication and voting) to *take back the power.* It is not terrorism that scares the corporate carpetbaggers, it is something much more powerful: thinking citizens willing to spend the time keeping their corporate servants in line.

Chomsky has labored for over fifty years to keep that part of our brain alive that our schools, seeking to train obedient factory workers, have worked so hard to kill. It can be disheartening, to see citizens so freely give up their rights and their powers, but I do believe, that with the The Radical Center: The Future of American Politics (Halstead and Lind), The Cultural Creatives: How 50 Million People Are Changing the World (Rya and Anderson) and other books I have reviewed, there is, without question, a tipping point. The Internet has changed everything-now we need for the people to notice, and act. Chomsky sheds light in a way that no prostituted scholar or preppy business acolyte will respect-but if the workers wish to begin reading for the future salvation of their children's rights, Chomsky is as good a place as any from which to step off into true democracy.

See also:
The Manufacture Of Evil: Ethics, Evolution, and the Industrial System
The Shock Doctrine: The Rise of Disaster Capitalism
Screwed: The Undeclared War Against the Middle Class – And What We Can Do about It (BK Currents (Paperback))
The Working Poor: Invisible in America
The Global Class War: How America's Bipartisan Elite Lost Our Future – and What It Will Take to Win It Back
The Corporation: The Pathological Pursuit of Profit and Power
The People's Business: Controlling Corporations and Restoring Democracy

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Review: The Crisis of Global Capitalism–Open Society Endangered

5 Star, Capitalism (Good & Bad)

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5.0 out of 5 stars Very Thoughtful Personal Opinion, Very High Value,

February 27, 2002
George Soros
I think George Soros and Robert Kaplan, as well as others that are starting to realize that the opposite of virtue is not vice but rather virtue carried to an extreme (Jim Fox said it first, at least in this era), are on to something.Although economists of great traditional standing (Robert Samuelson comes to mind) have been very quick to denigrate, even trash, the ideas of George Soros, my personal reaction, and my own reading of 225 or so books that I have reviewed for Amazon, suggests that he is right on target. Unfettered capitalism and corporate consumerism is killing us, and is part of the problem between Western secularism and Islamic fundamentalism–we don't have a model for sustainable faith-based prosperity they can buy into (I am mindful of Bernard Lewis's What Went Wrong thesis).

Most recently, in The Washington Post of 24 February 2002, George Soros is quoted as saying, “We can't be successful in fighting terrorism unless we fight that other axis of evil–poverty, disease and ignorance.” Right on. Both The Future of Life and The Future of Ideas (see my reviews of those titles), and many other books now coming together in a critical mass, support basic propositions about the failure of politics, the erosion of moral contexts, and the dangers of capitalism upon public health, the environment, and the social fabric.

I would normally have rated this book with 4 stars for its lack of reference to others, but in light of the importance of the argument that George Soros makes, and the value of his own unique experiences bridging the worlds of poverty and wealth, American and Eastern European challenges and biases, I have to give this a 5–and wait to see our academic economists do better.

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Review: Governing the $5 Trillion Economy–A Twentieth Century Fund Essay

5 Star, Banks, Fed, Money, & Concentrated Wealth, Capitalism (Good & Bad), Economics

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5.0 out of 5 stars Brilliant Analysis of Federal Budget As Influence Device,

February 27, 2002
Herbert Stein
This absolute gem from 1989 should be updated and republished. I have resurrected it in relation to my reading on federal budgeting and the dangers of the deficit spending now in vogue in Washington (2002).This is the best book I have read on the strategic aspects of the federal budget–needed reforms, key issues in allocation policy, using the budget to stabilize the economy.

Where the book excels is in its analysis of how the federal budget should be used to steer private sector outlays–as Osborne and Gaebler suggested, we must steer rather than row–guide the private sector rather than use taxpayer dollars for direct products and services.

In his discussion of priorities, the author focuses heavily on the lack of investment in education and the resurrection of education both public and private. As we enter the 21st Century largely ignorant as a Nation (of external realities, not at individuals), I cannot help but think that the time has come for the public to take charge of “political economy,” and begin actively setting forth its priorities. Just this week, in The Washington Post of 27 February 2002, David Ignatius suggests that Washington has turned its back on the Nation. Seems to me that's pretty dangerous, but if the Nation allows itself to be ignored by Washington, then we have the government–and the federal spending priorities–we deserve.

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Review: Jihad vs. McWorld–How Globalism and Tribalism Are Reshaping the World

4 Star, Capitalism (Good & Bad), Culture, Research, Empire, Sorrows, Hubris, Blowback, Terrorism & Jihad, Threats (Emerging & Perennial)

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4.0 out of 5 stars Jihad and Cultural Creatives versus McWorld and Davos,

September 24, 2001
Benjamin Barber
Others have written good summaries of this book, so I will focus on bringing out one key point and recommending two other books.

The heart of this book, in my opinion, is on page 210 where the author carefully distinguishes between the Jihad's opposition to McWorld consumerism and development patterns, as opposed to democracy or other political notions.
All groups have their extremists and lunatics, and all groups have their bureaucracies and overly-rigid institutionalizations of past preferences. The one needs to be stamped out, and the other radically reformed–no matter what beliefs you aspire to.
Where I see the vitality and promise of this generation is in the possible energizing of the publics of many nations, including the nations of Islam, and public engagement of the core question of our time: what changes must we make in our corporate and consumerist behavior in order to, at once, establish both a sustainable model for the quality of life and choice we aspire to, while simultaneously establishing new forms of regional political and cultural accommodations that respect very strongly held beliefs?
There are two books that bracket this one in interesting ways. The first, readily identified from top-notch reviews such as appear in the Los Angeles Times, is Chalmers Johnson book, “BLOWBACK: The Costs and Consequences of American Empire”. The second, less readily perceived, is Howard Bloom's “GLOBAL BRAIN: The Evolution of Mass Mind from the Big Bang to the 21st Century.” ]

In a nut-shell, then, we are engaged in three world wars right now: one between cultures that cannot talk to one another because the necessary portions of the brain have been literally killed in the course of intra-cultural development; one between the political and economic manifestation of our respective cultures, between a politics subservient to corporations on the one side and a politics terrified of the religious zealot individuals on the other side; and a third war, the most important, the war that has not really started yet, between individuals and corporations over campaign finance reform and the consequent outcomes that can be managed with respect to politcal economy and political education.
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Review: Confessions of a Venture Capitalist–Inside the High-Stakes World of Start-up Financing

5 Star, Banks, Fed, Money, & Concentrated Wealth, Capitalism (Good & Bad)

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5.0 out of 5 stars Excellent Overview with Plenty of Useful Information,

November 11, 2000
Ruthann Quindlen
I've been down this road, including competive selection to present my company and vision to three venture capital fairs. This book, which was bought as a quick-read airplane book, has become a fundamental reference. It is heavily marked up, has three paper clips (very unusual) as I look at it, and has had a very constructive impact on both my thinking and my attitude. This book has not only helped me refine our business plan, but when I feel like we are straying, I can pull it down and do a quick revisitation of “the fundamentals”. This is a serious helpful book–do not be put off by shallow reviews.
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Review: The Digital Economy–Promise and Peril in the Age of Networked Intelligence

5 Star, Best Practices in Management, Budget Process & Politics, Capitalism (Good & Bad), Change & Innovation, Complexity & Resilience, Economics, Information Operations, Information Society, Information Technology

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5.0 out of 5 stars Focus on Decentralized Human Expertise,

May 29, 2000
Don Tapscott
After demolishing Business Process Reengineering (BPR) as a necessary element of but insufficient substitute for corporate strategy, organizational learning, or reinvention, the author goes on to address twelve themes central to success in an economic environment characterized by networked intelligence: knowledge, digitization, virtualization, molecularization, integration/internetworking, disintermediation, convergence (a big one), innovation, prosumption, immediacy, globalization, and discordance (another big one). He stressed the need for “busting loose from the technology legacy”, the need to dramatically transform both the information management and human resource management concepts and also a turning on its head of how government works-from centralized after the fact “leveling” and gross national security to decentralized, proactive nurturing of individual opportunity before the fact, providing individual security through individual opportunity and prosperity within the network.
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Review: World Class–Thriving Locally in the Global Economy

5 Star, Best Practices in Management, Capitalism (Good & Bad)

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5.0 out of 5 stars Community and Commerce in the New Era,

April 8, 2000
Rosabeth Moss Kanter
This book sparked my understanding of “community intelligence” and the need for an integrated network of civic leaders, corporate leaders, academic leaders, and social or non-profit leaders all sharing the same “intelligence” on what the threat to the local community is in terms of losing jobs and remaining attractive as an investment. The author boils it down to each community deciding if it is a thinker, a maker, or a trader community, and then setting out to ensure that everything about the community supports that specific kind of business at a “world-class” level.
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