Lakeside Diner

Only after the last tree has been cut down. Only after the last fish has been caught. Only after the last river has been poisoned. Only then will you realize that money cannot be eaten. Cree Nation Tribal Prophecy

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Everywhere ya look it’s debate analysis. Screw that.

  • “An influential group of international banks and insurers has attacked political leaders in Europe over their handling of the Greek crisis, arguing that the singleminded pursuit of austerity has made the situation worse.” No shit, Sherlock.
  • Glenzilla: The US presidential debates’ illusion of political choice
  • Truthout: Florida Farmworkers Win Chipotle’s Support in Bid for Improved Conditions

Marx in the Morning. Next Tuesday about 12:30 at MyFDL, Session 3 of Prof Wolff’s Marxian Class Analysis Theory and Practice. He focuses on the USSR and the PRC.

The truth will set you free but first it will piss you off.

The Lion’s Roar

Lakeside Diner

Only after the last tree has been cut down. Only after the last fish has been caught. Only after the last river has been poisoned. Only then will you realize that money cannot be eaten. Cree Nation Tribal Prophecy

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  • “The International Monetary Fund’s chief economist has warned that the global economy will take a decade to recover from the financial crisis as the latest snapshot of the UK economy suggested that growth in the third quarter will be at best anaemic.”
  • TRNN: Will the Russian Left Respond to Deepening Economic Crisis? Aleksandr Buzgalin: The Russian left shows signs of growth in spite of being shut out of mass media
  • “Julian Assange’s supporters have pleaded in court to keep £140,000 in bail money that is in jeopardy because of the WikiLeaks founder’s decision to seek political asylum in the Ecuadorean embassy in London.”
  • TRNN: US Elections: Pick Your Poison. Chris Hedges: The system has not been able to respond in a rational way, the way the Roosevelt administration responded rationally through the New Deal. And because of that, we’re in deep, deep trouble. So I think all of our hope now has to be invested in acts of civil disobedience
  • “France has decided to reimburse women 100 percent of abortion costs under its new 2013 Social Security budget—while at the same time allowing clinics to charge more for the procedure.”
  • “Some of the world’s largest defence companies have failed to provide enough evidence about how they are tackling corruption in the arms trade – a problem that costs $20bn a year globally, a report suggests today.”
  • Truthout: Dueling California Measures Set to Tax Rich, Gut Unions
  • “It took 50 years for scientists to recognize the newest species of dinosaur. By looking at its porcupine-like quills, upright stature, beak and fangs, you might understand why.”

The truth will set you free but first it will piss you off.

Lakeside Diner

Only after the last tree has been cut down. Only after the last fish has been caught. Only after the last river has been poisoned. Only then will you realize that money cannot be eaten. Cree Nation Tribal Prophecy

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  • TRNN: Shadow Banking and Conventional Banking Depend on Government Support. Jennifer Taub – Part 2: I think we need to look at the banking system and say: if our government is providing support, either through the FDIC or through the Fed, which when it engages in printing money obviously affects the economy and the value of goods and services, if a bank has that, they obviously are—this is a government banking system.
  • “Latin America will grow at a slower pace than last year, primarily due to weaker growth in Argentina and Brazil, a United Nations report has suggested.”
  • TRNN: Little Debate About Afghan War in Election Campaign. Gareth Porter: Afghan war a failure, yet there is little debate about why and what to do next
  • Truthout: Free Speech Scores a Hat Trick
  • Truthout: Back to $chool: College Is the Past, Prison Is the Future

The truth will set you free but first it will piss you off.

Marx in the Morning

Afternoon, freedom fighters

This week we discuss Session 2 of Prof Wolff’s online course Marxian Class Analysis Theory and Practice.

There’s a lot of substance here, providing a new perspective to the economic crisis we are currently drowning in. It’s certainly more realistic that what we hear from politicians, pundits and run-of-the-mill economists, Krugman included. I can’t resist saying that TheBenBernanke is no more knowledgeable or honest than Allen Greenspan, super cheerleader of Randian economics.

Did this session open any eyes or answer any questions you may have had?

I also recommend watching Prof Wolff’s talk at City Lights Bookstore in San Francisco in early September. (1 hr, 40 min)

Have at it.

Session 3 next week.

Lakeside Diner

Only after the last tree has been cut down. Only after the last fish has been caught. Only after the last river has been poisoned. Only then will you realize that money cannot be eaten. Cree Nation Tribal Prophecy

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  • “The world needs to do more to prepare for the impact of a rapidly ageing population, the UN has warned – particularly in developing countries. Within 10 years the number of people aged over 60 will pass one billion, a report by the UN Population Fund said.”
  • “The retreat of western forces from Afghanistan could come sooner than expected, the head of Nato has said as he conceded that the recent Taliban strategy of ‘green on blue’ killings had been successful in sapping morale.”
  • TRNN: Faced with Police Violence, Thousands return to Spanish Parliament. In response to the police violence throughout last week and in reaction to the 2013 budget cuts, thousands converged outside the Spanish parliament on Saturday.
  • Glenzilla: Sweden detains Pirate Bay founder in oppressive conditions without charges
  • TRNN: Venezuelan Barrios Vote for Chavez and Participatory Democracy. Are Venezuela’s Communal Councils an extension of central power or an explosion of popular power?
  • TRNN: Shadow Banking Still an Unregulated Threat. Jennifer Taub: Before the crisis, the top five financial institutions had assets equivalent to 50 percent of GDP. Now let’s fast-forward to 2011, three years after the crisis, if you look at the top five institutions that survived, and their assets are equal to 58 percent of GDP
  • Truthout: Five Biggest Lies About America’s Public Schools, Debunked
  • Economic Update: Wolff will focus on wages, jobs, taxes, and debts – and on interest rates, prices, and profits. We aim to explain why certain economic changes are happening and other changes get postponed or blocked and we will explore alternative ways to organize enterprises, markets, and government policies

Marx in the Morning today at MyFDL about 12:30.

The truth will set you free but first it will piss you off.

Lakeside Diner

Only after the last tree has been cut down. Only after the last fish has been caught. Only after the last river has been poisoned. Only then will you realize that money cannot be eaten. Cree Nation Tribal Prophecy

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  • “It took just over four months for the tide of public opinion to turn against François Hollande: at the start of September a poll revealed that 68% of French people were pessimistic about their country’s future under their new president. And that was the common line before Friday’s announcement of the 2013 budget, which will find him even fewer friends in the country.”
  • “Thousands of demonstrators took to the streets of Paris on Sunday to protest against the spread of economic ‘austerity’ in France and Europe.Chanting ‘resistance, resistance’, the crowds had been rallied by around 60 organisations, including the leftwing Front de Gauche and the French Communist party, which oppose the European budget treaty.”
  • TRNN: Financialization and the World Economy. Gerry Epstein: Financialization of the economy has been developing since the late 19th century and is now at historic Levels
  • TRNN: Black Financial and Fraud Report. London and Wall St. in a dangerous competition to create a more unregulated environment for finance
  • TRNN: Assange Speaks to UN. Michael Ratner (US attorney for Julian Assange): Assange called for release of Bradley Manning and attacked President Obama’s call for free speech while suppressing whistle blowers
  • TRNN: Judges to Review Constitutionality of NDAA Military Detention Legislation. Chris Hedges: We filed our lawsuit because this legislation threatens basic democratic rights allowing for indefinite military detention to repress domestic protest
  • Truthout: All Charges From Occupy Chicago Mass Arrests at “The Horse” Dismissed
  • Truthout: Will Students Vote in November? Perspectives on Elections at the National Student Power Convergence
  • Truthout: Poll: California Voters Overwhelmingly Support Ballot Initiative to Label GMO Foods

Marx in the Morning tomorrow afternoon around 12:30. Session 2 of Marxian Class Analysis Theory and Practice.

The truth will set you free but first it will piss you off.

Lakeside Diner

Only after the last tree has been cut down. Only after the last fish has been caught. Only after the last river has been poisoned. Only then will you realize that money cannot be eaten. Cree Nation Tribal Prophecy

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  • “Riot police fired tear gas at an angry mob throwing gasoline bombs during a general strike in Athens today, a day after Spanish police shot rubber bullets at leftist protesters attempting to storm parliament, where lawmakers were mulling more austerity.”
  • “By the time Bradley Manning goes to trial next February for the alleged transmission of state secrets to WikiLeaks he will has spent as much time in military custody as it would take to build the Empire State building twice over, his lawyer has protested.”
  • TRNN: The ANC and the South African Deal with Monopoly Capitalism. Vishwas Satgar: At the heart of the bargain with monopoly capital was we will globalize, we will embrace neoliberal globalized economics, while you de-racialize the structures of the South African economy which led to black economic empowerment and the creation of a class of super-rich blacks
  • Mother Jones: NEW ROMNEY VIDEO: In 1985, He Said Bain Would “Harvest” Companies for Profits
  • Truthout: Strikes at Walmart Warehouses Expose Threats in Supply Chain
  • Truthout: After Nearly A Decade Of Declines, Manufacturing Jobs Begin Rebound
  • Truthout: Veterans First … and Their Dogs, Too

O.M.G. I want one.

Marx in the Morning. Next Tuesday we’ll be discussing Session 2 of Prof Wolff’s Marxian Class Analysis Theory and Practice. The video is 1 hour, 40 minutes.

The truth will set you free but first it will piss you off.

Lakeside Diner

Only after the last tree has been cut down. Only after the last fish has been caught. Only after the last river has been poisoned. Only then will you realize that money cannot be eaten. Cree Nation Tribal Prophecy

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  • TRNN: UK’s Poorest Families hit Hardest by Recession and Austerity. A leading British charity warns that 3.5 million children in the United Kingdom are growing up below the poverty line, while the divide between rich and poor continues to accelerate faster than anywhere else in the developed world.
  • “The University of California is preparing to pay about $1m to settle a lawsuit filed by demonstrators who were pepper-sprayed during an Occupy protest at UC Davis last autumn.”
  • “Prominent Egyptian-American writer and activist Mona Eltahawy has been released from police custody after being arrested in New York on Tuesday for spray painting a subway poster that equates Muslims with ‘savages’.”
  • “In his 2009 Nobel Peace Prize acceptance speech, President Obama cast war as a necessary evil. Referring to just war theory, a classical underpinning of military ethics, Obama said, ‘War is justified only when certain conditions were met; if it is waged as a last resort or in self-defense; if the force used is proportional; and if, whenever possible, civilians are spared from violence.'”
  • Truthout: The Israel Lobby and How It Operates
  • WMNF airs debate between Dinish D’Sousa and Chris Hedges from Uprising Radio on the film Obama 2016. Click in the Archives box then click on 25 Sep in the pop-up calendar. This program eliminates the first, unrelated, portion of the Uprising show.
  • Truthout: Boehner May Have to Let the Fiscal Cliff Happen to Stay Speaker
  • Richard Wolff: Global Capitalism – A Monthly Update & Discussion: September 2012

The truth will set you free but first it will piss you off.

Lakeside Diner

Only after the last tree has been cut down. Only after the last fish has been caught. Only after the last river has been poisoned. Only then will you realize that money cannot be eaten. Cree Nation Tribal Prophecy

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  • “US car giant Ford has said that it will cut several hundred jobs in Europe because of declining demand, including in the UK. Jobs will also go in Germany and in other parts of Europe.”
  • “The organisation that sets the Libor inter-bank rate has said it could give up that responsibility, if required. The head of the UK’s regulator, Martin Wheatley, is to publish a report into how to reform Libor later this week.”
  • TRNN: Quadrillion Dollar Derivatives Market 20 Times Global GDP. Markus Stanley: Derivative bets not a zero sum game, have far reaching real world consequences
  • TRNN: The Crisis and Who Has Power. Leo Panitch and Sam GIndin PT2: Major structural change or effective short term reforms requires addressing democratic decision making starting with making banks a public utility
  • “It’s a common lament, the kind of rant that rolls off the tongue in an election year: American workers can’t compete globally. They no longer produce stuff that the world wants. And that’s why our economy is sluggish. The problem is, it just isn’t true.”
  • Mother Jones: Utah Set to Send Glenn Beck-Approved End Times Novelist to Congress
  • Truthout: What Do We Know About Independent Voters?

The truth will set you free but first it will piss you off.

Marx in the Morning

Welcome to the discussion group on Marx’s theories on class analysis. In his usual way Prof Wolff lays out the foundation and history of class analysis in his first class. We all know the broad terms rich, poor, powerful, powerless. Wolff shows us how Marx looked at class from a different perspective. All of the sessions of this course are on one web page:

Marxian Class Analysis Theory and Practice

In all of his courses Prof Wolff talks about other works of Marx that are connected to his opus, Capital. I thought a short review of these published works might be in order. In addition to Capital and essays and articles published in various journals in the 1850s-80s, Marx wrote 3 major works in his lifetime. These books cover one or more topics in more depth than is covered in Capital.

Grundrisse, written in 1857 and was not intended to be published and indeed wasn’t until 1939. It is a collection of notebooks of Marx in his research on capitalism. It contains more in depth material on some of the topics covered in Capital. David Harvey’s course Reading Vols 2 and 3 of Capital refers to text in it. It is available through Penguin Classics.

A Contribution to the Critique of Political Economy. Written in 1859 it was intended to be the first installment of a much larger work on capitalism. It was overtaken by Capital. Its sections on the history of money and theories of surplus value add depth to those topics as covered by Capital. It’s now available from Forgotten Books, either as a free ebook download or hardcopy through Amazon. Both are facsimile copies of the 1904 International Library Publishing Company edition.

Theories of Surplus Value. Written in 1861 this 3-volume work, almost as big as Capital, is Marx’s notes on portions of the theories of classical economists Adam Smith, David Ricardo and others. Good luck finding complete sets of this work. Separate volumes are out there, various editions published by Progress Publishers, Moscow in the 1960a and 70s, about $20 a copy. There’s nothing wrong with having different editions, the translations are the same. There are no paperback editions unless you go to International Publishers, where it’s spread out over 3 volumes in the Complete Works of Marx and Engels, something close to 40 volumes. There are other writings in the 1st and 3rd volumes so you’ll have more than just Theories. $24.95 a copy.

For those who don’t have a problem reading really long texts online all of Marx’s and Engels’ works are on the Marxist archive website:

Marx Engels Archive

This is one section of the much larger Marxists Internet Archive. All you fans of Emma Goldman and Rosa Luxemburg will have a ball here.

Marxist Internet Archive

So, what did you think of the first session?

Class 2 next week.