era of dynasties in the USA

If Hillary Clinton will be elected and assuming that she serves one term, out of 32 years (1989 – 2021) for 24 years US politics will be led by 2 families.

I just wonder, are these the only 2 families in the USA which can offer winning candidates for the President’s post? And, if so, what makes them so special and unique? Or simply because not every family could feel confident enough about their capabilities to raise billions of US dollars for running their election campaigns?

Maybe some of the hints are hidden in this new book written by the ex-Financial Times reporter?

Inequality for all

To recognize the World Day of Social Justice which was on 20 February, I watched this great documentary produced by Robert Reich, renowned US economist who has advised several US presidents and governments. Though this documentary is focusing on USA, it brings into light the danger of inequality anywhere; danger to people, to living standards, to democracy. In the film Mr Reich suggests to address the challenges of inequality through:

  • middle-out economy (opposed to trickle-down economy which is a pure myth),
  • investment in education (if anything, education can be a Troyan horse to reduce inequality);
  • putting the people first;
  • strict policy on tax justice and stopping tax breaks to ensure fair contribution by the rich to the society (higher concentration of money in fewer hands creates power and ability to influence politics and democratic processes).

He is calling for bigger social change which should should be triggered by society. Complacency won’t work. https://www.youtube.com/watch?v=0NdDupITDv8

TTIP: beginning of global marketocracy?

This deal, if it goes ahead, my win the nomination of the most undemocratic, anti-social thing EU has ever done. It’s mind-blowing to realize how big lobbying power the big multinational companies have to get this idea that far.

It is not yet approved, but it is dangerous. It’s not only contradicting the very core idea of the EU (representing and protecting interests of European people), but also empowering multinational companies even more by taking away the power from the political institutions and valuing the profits and financial gains higher than the rule of law and justice.

Poor decision makers on the both sides of the Atlantic. Their souls have been sold to dirty £$€.

 

who owns the USA?

I rarely post on my blog long quotes but i could not resist posting this one. It’s too important. An it’s self-explanatory.

“The vast wealth that has accumulated at the top of the economy is not itself the problem. The problem is that political power tends to rise to where the money is. America isn’t yet an oligarchy, but that’s where the Koch’s and a few other billionaires are taking us. When billionaires supplant political parties, candidates are beholden directly to the billionaires. And if and when those candidates win election, the billionaires will be completely in charge.

At this very moment, casino magnate Sheldon Adelson (worth an estimated $37.9 billion) is privately interviewing potential Republican candidates, in what’s being called the Sheldon Primary. “The ‘Sheldon Primary’ is an important primary for any Republican running for president,” says Ari Fleischer, George W. Bush’s former press secretary. “Anybody running for the Republican nomination would want to have Sheldon at his side.” Adelson spent $100 million on the 2012 election but denies he’s doing it for personal gain. He just wants the federal government to ban online gambling (and judging from legislation now being pushed on Capitol Hill, his investment seems to be paying off).

It’s more urgent than ever that we establish strict campaign finance and disclosure laws, and stop the wholesale takeover of America by the new billionaire political bosses.”

Robert Reich, American political economist, professor, member of Clinton’s government, chair of the citizen’s group Common Cause.

Money and Life

During the last few years following the global financial crisis many films have been produced to explain the paradoxes of current economic/ political system and what are the real consequences and impact of modern capitalism on the state of economy, our lives and planet.

This particular film has managed to find the right balance of simplicity and quality of argument from analytical point of view. This is not a mainstream film and not everyone would find it easy to follow, but it does give a great insight into the history of money, money creation, consumerism, growth, enoughness, Wall street, financial sector, democracy, new alternatives, redistribution of resources and wealth, cooperation, Occupy movement etc.

Film is particularly critical about the financial sector which has doubled in its size over the last 14 years in USA and is simply taking over economy. It is not economically productive, but is becoming as a cancer of a real economy as it is sucking real resources out of it. One of the story tellers in the film claims: “if financial sector was working as Las Vegas gambling business, we would not be in that mess now.” This perfectly illustrates how out of control this sector is and how dangerously relaxed and asleep we still are. Watch this film and wake up.

privatisation of courts or – what’s the price of democracy?

After privatization of prisons which started in early 1990s (currently 15% of prisoners stay in private prisons) and which has been followed by very contradictory reports and analysis regarding effectiveness, absolute and relative costs as well as success in achieving fundamental objectives of the prison system as such, now British government is considering privatization of courts! As a part of Tories’ austerity measures and plan to reduce public deficit further, ideas start floating around that courts system is very expensive and involvement of private sector in running courts may help to improve the services and cost-effectiveness.

Court system is one of the core pillars of functioning society and one of its major characteristics is or should be – independence. By delegating even just some of the functions to private sector it is a threat to the very basic fundamentals of modern democracy.

Can democracy ever be too expensive?

about those who choose to fight

In these difficult times in countries, which are hit particularly hard by economic crisis, people choose different protest actions: some leave, some distance themselves from everything, some try to profit from this misery, but some choose to fight. This is a new documentary about those who have chosen to struggle and fight for better future in Greece. Inspiring actually. and thought-provoking..