September 21, 2014 archive

Anti-Capitalist Meetup: An Alternative Economic System. Part One by Diomedes77

Think outside the box. Way outside it. That’s the key when it comes to the “vision” thing. Most attempts at vision handcuff themselves to the strange idea that everything must work within the frame of the already done, the conventional, the status quo. Which is strange, given that the desire for change must assume that the status quo isn’t working. That being the case, why would we chain ourselves to it and its (arbitrary) rules?

Okay. So the vision thing in this case is primarily about the way we do business, the tools we use and who benefits. At present, we know that business is set up and structured to rain down benefits on a select few at the very top. Any system that creates the kind of inequality we’ve had since its inception isn’t working, and every single aspect of its structure and reason to be should at least be questioned. At least. Offering an alternative vision is common sense, given the horribly unequal results of the capitalist system, and instead of mocking or dismissing those attempts, it’s long past the time when we should be actively seeking those alternatives.

Money. Money is a strange concept, if you think about it. In the capitalist system, it is a store of value, a form of accounting and a means of exchange. But it is also a fiction. It has no inherent value, at least outside societal and international agreements. The key variable is those agreements, which means, logically, that other agreements could be made instead (there have been so many other kinds of agreements in the past). Again, money is a fiction in the capitalist system. It is printed by central banks all over the world, and virtually all of that is done behind closed doors, without any transparency, and without much rhyme or reason. Our Fed, for instance, a few years ago, printed some 16 trillion dollars and handed it out to banks and billionaires all across the globe. They did this in hopes of avoiding yet another world-wide depression, but still clung to the old ways in that the money went to the richest and most powerful, instead of the people who really needed it.

Money is fiction that works especially well in the real lives of the rich. Right now, roughly $1000 trillion in derivatives trading is being conducted worldwide, with a fraction of a fraction in concrete assets backing this. Even after the crash of 2008/2009, when we should have learned that billions in assets backing trillions in trade is never a good idea, things have actually gotten worse along those lines. And why? Because the fiction of money works so well in reality for the financial elite. They make billions on the fiction, while inequality gets more and more severe.

So, what if we made the fiction work for 100% of the people, instead of 1%? What if we agreed to use common sense when it came to funding what we needed, the ownership of that funding and its distribution? What if we made the fictional world fully accessible to everyone, thus making it, finally, a reality?  

Jon Stewart – The Big Bang Strategy

Adapted from Rant of the Week at The Stars Hollow Gazette

The Big Bang Strategy

Cartnoon

On This Day In History September 21

Cross posted from The Stars Hollow Gazette

This is your morning Open Thread. Pour your favorite beverage and review the past and comment on the future.

Find the past “On This Day in History” here.

September 21 is the 264th day of the year (265th in leap years) in the Gregorian calendar. There are 101 days remaining until the end of the year.

On this day in 1780, during the American Revolution, American General Benedict Arnold meets with British Major John Andre to discuss handing over West Point to the British, in return for the promise of a large sum of money and a high position in the British army. The plot was foiled and Arnold, a former American hero, became synonymous with the word “traitor.”

Born in Connecticut, he was a merchant operating ships on the Atlantic Ocean when the war broke out in 1775. After joining the growing army outside Boston, he distinguished himself through acts of cunning and bravery. His actions included the Capture of Fort Ticonderoga in 1775, successful defensive and delaying tactics despite losing the Battle of Valcour Island on Lake Champlain in 1776, the Battle of Ridgefield, Connecticut (after which he was promoted to major general), operations in relief of the Siege of Fort Stanwix, and key actions during the pivotal Battles of Saratoga in 1777, in which he suffered leg injuries that ended his combat career for several years.

In spite of his successes, Arnold was passed over for promotion by the Continental Congress while other officers claimed credit for some of his accomplishments. Adversaries in military and political circles brought charges of corruption or other malfeasance, but he was acquitted in most formal inquiries. Congress investigated his accounts, and found that he owed it money after he had spent much of his own money on the war effort. Frustrated and bitter, Arnold decided to change sides in 1779, and opened secret negotiations with the British. In July 1780, he sought and obtained command of West Point in order to surrender it to the British. Arnold’s scheme was exposed when American forces captured British Major John André carrying papers that revealed the plot. Upon learning of André’s capture, Arnold fled down the Hudson River to the British sloop-of-war Vulture, narrowly avoiding capture by the forces of George Washington, who had been alerted to the plot.

Arnold received a commission as a brigadier general in the British Army, an annual pension of £360, and a lump sum of over £6,000. He led British forces on raids in Virginia, and against New London and Groton, Connecticut, before the war effectively ended with the American victory at Yorktown. In the winter of 1782, Arnold moved to London with his second wife, Margaret “Peggy” Shippen Arnold. He was well received by King George III and the Tories but frowned upon by the Whigs. In 1787, he entered into mercantile business with his sons Richard and Henry in Saint John, New Brunswick, but returned to London to settle permanently in 1791, where he died ten years later.

Six In The Morning

On Sunday

Alan Henning’s wife appeals to IS to release him

 21 September 2014

BBC

The wife of a British taxi driver being held hostage by Islamic State has pleaded with the militants to “see it in their hearts” to release him.

Alan Henning, from Eccles in Salford, was seized while on an aid mission to Syria last December.

In a statement released via the Foreign Office, his wife Barbara said he had been driving an ambulance stocked with food and water at the time.

Mrs Henning said she had sent messages to IS but had received no response.

The militants issued their threat to kill the 47-year-old in a video released last Saturday which showed the killing of another British man, David Haines.

‘Selfless man’

The full statement released from the Henning family read:

“I am Barbara Henning, the wife of Alan Henning.

“Alan was taken prisoner last December and is being held by the Islamic State.




Sunday’s Headlines:

Scientists reveal ‘fair system’ for countries to tackle climate change

Blasphemy laws silence another voice in Karachi

Ghana goes green with bamboo bikes

The Middle East and its armies

From gangsta rapper to Islamist militant

Late Night Karaoke

The Breakfast Club

Welcome to The Breakfast Club! We’re a disorganized group of rebel lefties who hang out and chat if and when we’re not too hungover  we’ve been bailed out we’re not too exhausted from last night’s (CENSORED) the caffeine kicks in. Join us every weekday morning at 9am (ET) and weekend morning at 10:30am (ET) to talk about current news and our boring lives and to make fun of LaEscapee! If we are ever running late, it’s PhilJD’s fault.

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This Day in History

Breakfast Tune