Review: The Two Trillion Dollar Meltdown–Easy Money, High Rollers, and the Great Credit Crash

5 Star, America (Founders, Current Situation), Atrocities & Genocide, Capitalism (Good & Bad), Complexity & Catastrophe, Congress (Failure, Reform), Corruption, Crime (Corporate), Crime (Government), Culture, Research, Executive (Partisan Failure, Reform), Impeachment & Treason, Intelligence (Commercial), Intelligence (Public), Misinformation & Propaganda, Nature, Diet, Memetics, Design, Peace, Poverty, & Middle Class, Philosophy, Politics, Power (Pathologies & Utilization), Priorities, Secession & Nullification, Secrecy & Politics of Secrecy, Threats (Emerging & Perennial), Values, Ethics, Sustainable Evolution, Voices Lost (Indigenous, Gender, Poor, Marginalized), Water, Energy, Oil, Scarcity
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Charles R. Morris

5.0 out of 5 stars Forward to Future of Capitalism and GRIFTOPIA

November 8, 2010

This book was flagged to my attention in the Comments section of my own review of Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America, where my review includes the following quote that I share here:

QUOTE (32): What has taken place over the last generation is a highly complicated merger of crime and policy, of stealing and government. Far from taking care of the rest of us, the financial leaders of America and their political servants have seemingly reached the cynical conclusion that our society is not work saving and have taken on a new mission that involved not creating wealth for us all, but simply absconding with whatever wealth remains in our hollowed out economy. They don't feed us, we feed them.

I defer to the other reviewers on the substance of the book, but want to provide links here to several books that address the larger context of the soul of capitalism and the corruption of the two political parties that have undermined the US Government and US economy with malice aforethought.

Capitalism:
The Battle for the Soul of Capitalism
The Betrayal of American Prosperity: Free Market Delusions, America's Decline, and How We Must Compete in the Post-Dollar Era
The Soul of Capitalism: Opening Paths to a Moral Economy
The Genius of the Beast: A Radical Re-Vision of Capitalism

Corrupt Two-Party Tyranny
Running on Empty: How the Democratic and Republican Parties Are Bankrupting Our Future and What Americans Can Do About It
Grand Illusion: The Myth of Voter Choice in a Two-Party Tyranny
Election 2008: Lipstick on the Pig (Substance of Governance; Legitimate Grievances; Candidates on the Issues; Balanced Budget 101; Call to Arms: Fund We Not Them; Annotated Bibliography)
The Broken Branch: How Congress Is Failing America and How to Get It Back on Track (Institutions of American Democracy)
Breach of Trust: How Washington Turns Outsiders Into Insiders

I am blogging twice a week at Huffington Post on what a Virtual Cabinet doing sane evidence-driven policies in the context of a balanced responsible budget might look like, and would welcome visits there by those interested in getting back to honest government and responsible capitalism.

Review (Guest): Three Books on America Lost

5 Star, America (Founders, Current Situation), Banks, Fed, Money, & Concentrated Wealth, Complexity & Catastrophe, Congress (Failure, Reform), Crime (Corporate), Crime (Government), Culture, Research, Economics, Executive (Partisan Failure, Reform), Impeachment & Treason, Justice (Failure, Reform), Misinformation & Propaganda, Politics, Power (Pathologies & Utilization), Voices Lost (Indigenous, Gender, Poor, Marginalized), Worth A Look
Amazon Page

*Starred Review* Could the U.S. be on the brink of becoming a Third World nation? Syndicated columnist Huffington argues that overspending on war at the expense of domestic issues and the alarming decline of the middle class are troubling signals that the U.S. is losing its economic, political, and social stability—a stability that has always been maintained by the middle class. She pinpoints the beginning of the decline to the Reagan era, with its denigration of a government safety net. But she is nonpartisan in assigning responsibility to George W. Bush and Bill Clinton for supporting monied interests over those of the middle class; she then takes aim at Obama for expending more money to bail out Wall Street than Main Street. She also points to loss of manufacturing jobs, outsourcing, and globalization, all with emphasis on corporate profits at the expense of workers. Although the U.S. has faced similarly fearful times during the late 1800s and the Great Depression, the middle class was not threatened, as it is today. She offers possible solutions for the decline, including creating jobs to rebuild national infrastructure, reforms in home and credit lending, and tighter restrictions on Wall Street. An engaging analysis of troubling economic and political trends. HIGH-DEMAND BACKSTORY: The Huffington Post founder is sure to get some media traction with her assertion that the American Dream is an outdated concept.  — Vanessa Bush

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The US economy has disintegrated, and with it into the abyss plummet the blueprints of neoliberal economists, whose theories about “the free market” have now gone the way of medieval alchemy. No voice has been stronger, no prose more forceful, than that of Paul Craig Roberts in predicting collapse. His weekly columns in CounterPunch have won an audience of millions around the world, grateful for a trained economist who can explain lucidly how the well-being of the planet has been held hostage by the gangster elite. Now Dr. Roberts has written the shortest, sharpest outline of economics for the twenty-first century ever put between book covers. He traces the path to ruin and lays out the choices that must be made. There is the “empty world” of corporate exploitation, abetted by the vast majority of economists; or the “full world” of responsible management and distribution of our resources. Amid crisis, this is the guide you've been waiting for.

Amazon Page

The authors of The New Color Line return with another libertarian polemic, this time taking aim at a justice system that has lost sight of its most important goals. Paul Craig Roberts and Lawrence M. Stratton warn of a “police state that is creeping up on us from many directions.” There's the war on drugs, which makes it possible for federal agents to investigate people simply for carrying large amounts of cash. There's the crusade against white-collar crime, which has turned the plea bargain into an enemy of the truth. And there's outright misconduct, abetted by prosecutors more interested in compiling long lists of indictments than ensuring the fair treatment of all suspects. The Tyranny of Good Intentions is replete with examples of how government treads on freedom through ill-willed prosecution and faceless bureaucracy. The book's overpowering sense of disaffection sometimes leads to alarmist prose: “We the People have vanished. Our place has been taken by wise men and anointed elites.” The authors are swift to suggest that America, barring “an intellectual rebirth,” may yet go the way of “German Nazis and Soviet communists.” Yet The Tyranny of Good Intentions is nothing if not well intended; it is full of passion and always on the attack, whether the writers are taking on racial quotas, wetland regulations, or any number of policies they find objectionable. In a jacket blurb, libertarian icon Milton Friedman calls it “a devastating indictment of our current system of justice.” Roberts and Stratton, although right-leaning in many of their political sympathies, will probably find plenty of fans on ACLU-left–and anybody who cringes at the thought of unbridled state power. If the road to hell is indeed paved with good intentions, consider this book an atlas

Review (Retired Reader): Obama’s Wars

5 Star, Decision-Making & Decision-Support, Empire, Sorrows, Hubris, Blowback, Executive (Partisan Failure, Reform), Force Structure (Military), Insurgency & Revolution, Intelligence (Government/Secret), Intelligence (Public), Military & Pentagon Power, Misinformation & Propaganda, Politics, Power (Pathologies & Utilization)
Amazon Page

5.0 out of 5 stars No Exit!, October 5, 2010

By Retired Reader (New Mexico) – See all my reviews

Bob Woodward

1. The focus of this book is the complicated process that led to President Obama to increase the level of U.S. troops deployed to Afghanistan in support of the so-called “surge strategy.” Like all of Woodward’s previous books this book is apolitical and contains minimal analysis and commentary. It is a chronological compilation of quotes and paraphrases that Woodward has selected to demonstrate how the decision making process in this case actually worked.  Woodward is a respected journalist and has a track record of accurately reflecting White House Deliberations.

2. Woodward makes it clear that President Obama’s concerns with Afghanistan so often articulated in his run for the Presidency were genuine and unfortunately well founded. The military and political situations in Afghanistan were rapidly deteriorating to the point of endangering the U.S. position there.  The President wanted to formulate a new strategy that would neutralize the threats posed by al Qaeda still operating on the Afghan-Pakistan Border and transform Afghanistan into stable country that would not serve as a host to al Qaeda. To do this, he sought to obtain at least three or four strategic alternatives that he could choose from rather than simply going with the military centric strategy option that was already on the table.

3. The military centric option was favored by Admiral Mullen, Chairman of the Joint Chief of Staff (JCS), General Petreaus (USA) Chief of CentCom, and General McChrystal (USA).  General McChrystal strongly argued that the Afghan security forces could be quickly brought up to such a level (400,000!) and that an all American Force of 40,000 troops (four brigades) could easily seize, hold, and transfer key population centers over to Afghan Security Forces. Although his optimism was at variance with actual conditions in Afghanistan, Admiral Mullen and General Petreaus supported McChrystal’s argument.

4. Still President Obama wanted to be able to review other options before committing so many troops to a failing state like Afghanistan.  He also was aware that any Afghan solution would by necessity involve a Pakistani solution. The all powerful Pakistani Military had a very complex relationship with the Taliban movement and, it was suspected, al Qaeda. He therefore sought to develop a strategy that would recognize this.

5. Prior to beginning his search for alternative solutions to the Afghanistan problem the president asked Bruce Riedel of the Brookings Institute to draft a Review summarizing the current situation in Afghanistan and providing some strategic insights. Riedel is a thirty year veteran of CIA, a real expert on the Near East and Central Asia, and dates from the halcyon days when intelligence analysis was still considered a profession. His review followed and expanded points he had already established in his book, The Search for al Qaeda (Brookings Institute, 2008). The Review was especially useful in clearly articulating that solving Afghanistan’s problems necessarily involved solving Pakistan’s as well.  In Riedel’s opinion the center piece of any strategy should be the elimination of al Qaeda from its border strongholds in the Pakistan Federally Administered Tribal Areas (FATAs).  Riedel also pointed out that it would take a long term military-civil effort to turn Afghanistan into a viable nation-state. All of the National Security Council (NSC) principals, including the military, agreed that Riedel’s Review was the most accurate information on Afghanistan, al Qaeda, and Pakistan.

6. In reading Woodward’s account it is clear that Pakistan has its own high complex agenda in Afghanistan, driven not by U.S. concerns, but by fear of India. Pakistan’s Inter-Services Intelligence (ISI) appears to be playing a very dangerous game of supporting the Taliban (usually), tolerating al Qaeda yet still trying to cooperate where feasible with CIA. The ISI has one primary target and that is India; it appears that ISI considers Afghanistan just another strategic pawn, as is the U.S., in its life and death game against India. The Pakistani Military share this world view and indeed General Kayani, Chief of Staff of the Pakistan Army told Woodward as much.  President Zardari of Pakistan appears weak and ineffectual, serving at the sufferance of the military.

7. Remarkably Riedel’s Review is a both timely and accurate summary of the situation in the Afghanistan-Pakistan (AfPak) yet it was developed from largely unclassified sources. Unremarkably, the U.S. Military while agreeing that the Review was an accurate situation report chose to ignore it because it did not fit into their pre-determined surge strategy which simply transferred the superficially successful Iraqi Surge model to Afghanistan.

8. Besides the Riedel Review, the NSC had remarkably little intelligence to help them in their search for alternative strategies. A close reading of Woodward’s account reveals why.

9. The simple fact of the matter is that in a reprise of the last forty years, the U.S. Intelligence System has been able to produce very effective tactical intelligence in support of military operations (i.e. locations of individuals and groups, tactical level threats etc.), but completely unable to produce strategic intelligence. Repeatedly in this book NSC participants express surprise that almost nothing is known of the organizational structures, funding, and level of Pakistani involvement in al Qaeda, the Taliban, and other affiliated groups. There is also no evidence in this book that anybody in the NSC took it upon themselves to review a reasonably extensive literature on the ethnography of Afghanistan to help clarify just what the Taliban and other Afghan groups actually are after.

10. In the end, the unrealistic strategic plan advanced by General McChrystal won out because the military simply refused to come up with any other and, in the absence of strategic intelligence nobody else could come up with a politically acceptable alternative.

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Review: Surrender to Kindness (One Man’s Epic Journey for Love and Peace)

6 Star Top 10%, Asymmetric, Cyber, Hacking, Odd War, Civil Affairs, Civil Society, Complexity & Catastrophe, Complexity & Resilience, Congress (Failure, Reform), Consciousness & Social IQ, Corruption, Crime (Corporate), Crime (Government), Culture, Research, Diplomacy, Economics, Empire, Sorrows, Hubris, Blowback, Executive (Partisan Failure, Reform), Force Structure (Military), History, Information Operations, Insurgency & Revolution, Justice (Failure, Reform), Military & Pentagon Power, Misinformation & Propaganda, Nature, Diet, Memetics, Design, Peace, Poverty, & Middle Class, Philosophy, Politics, Power (Pathologies & Utilization), Priorities, Religion & Politics of Religion, Security (Including Immigration), Stabilization & Reconstruction, Threats (Emerging & Perennial), Truth & Reconciliation, United Nations & NGOs, Values, Ethics, Sustainable Evolution, Voices Lost (Indigenous, Gender, Poor, Marginalized), War & Face of Battle, Water, Energy, Oil, Scarcity
Amazon Page

5.0 out of 5 stars 6 Star and Beyond–Deep Soul-Moving Raw Truths

August 26, 2010

Joseph David Osman

I had the privilege of reviewing this book before it was published. Below is what I provided for use in publicizing the book, followed by my more detailed summary review provided here for the first time.

I have goose-bumps as I contemplate this book that I have just finished in galley form. The author is unique, a mix of Philip Caputo (Rumor of War), Robert Young Pelton (Come Back Alive), and Ralph Peters (Wars of Blood and Faith), with one huge difference–this man, this author, this son of Afghanistan who is red, white, and blue American–has given us the definitive book on all that is wrong with the American “way of war,” at the same time that he so clearly, so explicitly, so very simply, outlines the alternative path of how we can, we must, “wage peace” in Afghanistan. I am reminded by this author of Bonheoffer, of Gandhi, of Nelson Mandela. This is a book in which the souls of two nations come together, both dark and light, and we see in very personal terms, with deep cultural intelligence, that Afghanistan is unconquerable by force, but desperately seeking to connect and respond to kindness. It shames me that our government is so inept–and our population so abjectly disconnected from reality–that we have repeated Viet-Nam. Bagram Air Base is the Binh Hoa Air Base of my time; we once again seek to win hearts and minds while looking and acting like Darth Vader; and our military prisons are again filled with individuals framed by their enemies, imprisoned by gullible naïve uninformed Americans who mean well, but who are simply not trained, equipped, nor organized to wage peace.

Robert David STEELE Vivas
Co-founder USMC Intelligence Center, #1 Amazon Reviewer for Non-Fiction, Author on Intelligence

Highlights for me personally as a former Marine (1976-1996) who lived in Viet-Nam as a pre-teen from 1963-1967:

Continue reading “Review: Surrender to Kindness (One Man's Epic Journey for Love and Peace)”

Review: Green Gone Wrong–How Our Economy Is Undermining the Environmental Revolution

5 Star, Capitalism (Good & Bad), Congress (Failure, Reform), Consciousness & Social IQ, Corruption, Crime (Corporate), Culture, Research, Economics, Environment (Problems), Environment (Solutions), Executive (Partisan Failure, Reform), Nature, Diet, Memetics, Design, Science & Politics of Science, Values, Ethics, Sustainable Evolution, Voices Lost (Indigenous, Gender, Poor, Marginalized)
Amazon Page

5.0 out of 5 stars Combines Holistic Thinking with Drill-Down Detail

August 1, 2010

Heather Rogers

This is a solid five in my view because the author goes beyond weaving a story about green gone wrong in three main areas (food, shelter, transportation), providing what almost all other books miss: the systems of systems “its all connected” and “what's good for one part of the system may be very bad for other parts,” both views developed by, among others, Buckminster Fuller, Robert Ackoff, and Herman Daly.

As much as I read, I can say up front that I found no false notes or glibness in this book, and found many nuggets that were new to me. Among the concepts covered by the book that were new to me were “food miles” (a portion of “true cost”), Eathship, Passivhaus (Passive House), Baugruppe (families hiring community builders directly, cutting out the middlemen developers), Agro-Ecology, Socio-Ecology, and the Jevons Paradox (conservation savings get poured back into expansion, nullifying the savings).

Two bottom lines up front:

EDUCATION of both the public and the politicians, and of all those associated with creating anything, is the sucking chest wound in our society. Green to Gold, Cradle to Cradle, Sustainable Design, Ecological Economics, all of this is going nowhere unless we can ramp up the speed and depth of public education on these topics.

GREEN TECHNOLOGY MAINTENANCE & REPAIR is the other sucking chest wound. The momentum is not there yet, meaning that well-intentioned groups can buy in to ecologically-sensible technology, but the company that installs it is generally not local, and there are no local green maintenance & repair skill sets on call. This struck me as a huge opportunity for community colleges.

Continue reading “Review: Green Gone Wrong–How Our Economy Is Undermining the Environmental Revolution”

Review: The CIA in Iran–The 1953 Coup and the Origins of the US-Iran Divide

5 Star, Atrocities & Genocide, Country/Regional, Crime (Corporate), Crime (Government), Culture, Research, Empire, Sorrows, Hubris, Blowback, Executive (Partisan Failure, Reform), Intelligence (Government/Secret), Misinformation & Propaganda, Power (Pathologies & Utilization)
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5.0 out of 5 stars Stunning Account of Unethical Incompetence Triumphant

July 26, 2010

Christopher J. Petherick

I strongly recommend that this book (or my review) be read in conjunction with its counterpart for Guatemala, Secret History: The CIA's Classified Account of Its Operations in Guatemala, 1952-1954 (or my review).

I've been a clandestine case officer (C/O) with three tours in Latin America, including one in the 1980's chasing terrorists, and while at the time I thought I was the Cold War equivalent of a Jesuit priest, I now see it all as terribly unethical, largely insane, and totally not worth the money, the risk, or the collateral damage.

Both books provide easy-to-read and still very relevant history on how the arrogance of the US, unconstrained by US ignorance, had led to surprisingly successful regime change operations despite a host of errors.

This particular book is published by a deeply anti-Zionist press, but the tone, while being churlish, is not so over-bearing as to be distracting. The book does achieve its objective: explain in no uncertain terms why Iran today despises the roots of its UK-US relations and the pillaging that was done by those two nations of its oil. See also Web of Deceit: The History of Western Complicity in Iraq, from Churchill to Kennedy to George W. Bush for the other half of the story.

Some of the highlights:

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Review: Eaarth–Making a Life on a Tough New Planet

4 Star, Atlases & State of the World, Capitalism (Good & Bad), Civil Society, Complexity & Resilience, Congress (Failure, Reform), Consciousness & Social IQ, Culture, Research, Disease & Health, Environment (Problems), Environment (Solutions), Executive (Partisan Failure, Reform), Future, Nature, Diet, Memetics, Design, Peace, Poverty, & Middle Class, Public Administration, Science & Politics of Science, Survival & Sustainment, Values, Ethics, Sustainable Evolution, Water, Energy, Oil, Scarcity
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4.0 out of 5 stars Starts Weak, Ends Strong, Not the Whole Picture

July 21, 2010

Bill McKibben

EDIT of 2 August 2010: However great the mind or the man, we all make mistakes. Paul Hawkins made his with Monsanto, I've made mine. ClimateGate established with clarity the fraud associated with both the fabricated science and the intended “sub-prime mortgaging” of the Earth's atmosphere. Maurice Strong and Al Gore are pushing fraud, not fixing. Mercury and sulfer and methane are bigger problems than carbon, and global warming is a small element–not even close to being the main event–within Environmental Degradation, threat #3 after poverty and infectious disease. It troubles me when people vote against the messenger–McKibben is a great man–he's also made a mistake. Get over it and do more reading, integrate more, and it will all come out fine.

. . . . . . .

I was so annoyed with the narrow first third that glorifies the likes of Al Gore, Thomas Friedman, and Larry “women can't think like scientists” Summers that I was actually contemplating three stars. This is a weakly researched book that buys into the International Panel on Climate Change (IPCC) and Maurice Strong carbon fraud, while ignoring the vastly more intelligent findings of the High Level Panel on Threats, Challenges, and Change, A More Secure World: Our Shared Responsibility–Report of the Secretary-General's High-level Panel on Threats, Challenges and Change, in which Environmental Degradation is #3 and more broadly defined.

Any book that quotes the discredited James Hansen of NASA and that builds a case around Op-Eds and undocumented assertions is a stain upon scholarship, and the first third of this book falls into that sinkhole. Despite many references to the Copenhagen summit, there is not a word in this book about ClimateGate (see the Rolling Update at Phi Beta Iota the Public Intelligence Blog) and therefore I find this author guilty of active misrepresentation bordering on a lack of integrity in this specific instance. The author is spending too much time with newspapers and not enough time with books representing the distilled reflections of others.

Having said that, and deducted one star for the lapse, I find the balance of the book absorbing, fascinating, and rich in gems of insight and fact. It should be read in conjunction with:

Limits to Growth: The 30-Year Update
Human Scale
High Noon 20 Global Problems, 20 Years to Solve Them
The Future of Life
Acts of God: The Unnatural History of Natural Disaster in America
The Next Catastrophe: Reducing Our Vulnerabilities to Natural, Industrial, and Terrorist Disasters
The Real Global Warming Disaster: Is the Obsession with “Climate Change” Turning Out to Be the Most Costly Scientific Blunder in History?
Biomimicry: Innovation Inspired by Nature
The Fortune at the Bottom of the Pyramid, Revised and Updated 5th Anniversary Edition: Eradicating Poverty Through Profits

My criticism and praise of this important work are based on the above and the other 1,600 non-fiction reviews I have posted to Amazon, all more easily accessible in 98 reading categories at Phi Beta Iota the Public Intelligence Network.

Early points that got my attention:

Continue reading “Review: Eaarth–Making a Life on a Tough New Planet”