One might note that the high point of American power (absolute as opposed to relative, after the collapse of the USSR) coincides with peak of oil production in the US, and that the sudden rise in American pathologies coincides fairly closely with the oil crises of the 70s and early 80s, for example. Hustling, eternal growth, works when cheap energy is readily available, when more, more, more is possible, and when growth is choked, the hustlers, rather than growing the pie, turn on each other in a vicious “war of all against all”.
|By: Ian Welsh Saturday November 19, 2011 1:59 pm|
|By: David Dayen Monday November 14, 2011 8:15 am|
The Penn State scandal comes on top of a total breakdown in ethics and accountability in government and beyond. A Penn State grad and member of Sandusky’s foundation discusses his generation’s loss of faith in his parents’ generation.
|By: David Dayen Wednesday November 9, 2011 11:30 am|
Penn State’s football coach Joe Paterno submitted a pre-emptive retirement, effective at the end of the season, before the Board of Trustees of the university meets to investigate the case. The day before, Paterno appeared at an impromptu pep rally on his front lawn, cheering on student supporters. It’s a horrifying cap to an era of elite failure.
|By: David Dayen Wednesday September 28, 2011 5:00 pm|
If nothing else, the #occupywallstreet protests, happening in the heart of the world’s financial center, have forced elites to reckon with their own precarious position. The New York Times does the honors today, connecting the protests to other uprisings around the globe, and making a subtle (and also wrong) point that there’s something anti-democratic about popular protest.
|By: Jane Hamsher Thursday September 8, 2011 1:29 pm|
Alex Lawson of Social Security Works was stopped by the DC police and prevented from questioning the powerful elite Super Committee members for an FDL livestream after their meeting on Capital Hill today.
|By: David Dayen Tuesday September 6, 2011 9:45 am|
It’s easy to see what’s going on here. Elites, having broken the world, are trying to pin the blame on voters. It’s not voters’ fault that their votes matter far less than the elite consensus, which has been adopted by virtually every politician, regardless of stated ideology, and which has been proven to be tragically wrong.
|By: David Dayen Saturday August 20, 2011 12:01 pm|
In short, there is no deficit that cannot be plugged except for our political deficit. It sustains the defeatism of years of no growth, stagnant wages, high unemployment. The political tendency toward right-wing and corporatist policy ideas over the past 30 years, tied up with the cost of running campaigns, the failure of traditional media, the conservative movement’s public relations machinery, has widened that political deficit between what government can provide and what it will provide.
|By: David Dayen Friday July 29, 2011 8:25 am|
I’m not a big Charlie Cook fan, and I think he’s deeply confused about economics in this post. But I feel like he definitely gets it right about the era we’re heading into.
|By: David Dayen Wednesday April 27, 2011 7:17 pm|
People want to disparage this whole thing as not a “real” issue – present company included. But what it says about America circa 2011 is very real.
|By: David Dayen Thursday March 17, 2011 6:45 am|
The focus on events at Fukushima Daiichi belie the apparently woeful response to the crisis created by the companion natural disasters that have killed at least 10,000 and left up to a half a million homeless.