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“When you take the time to research and analyze the wealth that has gone to the economic top one percent, you begin to realize just how much we have been robbed.”
Despite the economic crisis, the ultra-rich seem to be making off quite well, even increasing their incomes while the rest of us worry about unemployment, foreclosure, and bankruptcy.
Crooks and Liars recently posted an article, “Richest 400 Americans See Incomes Double, Tax Rates Halved,” which has the latest statistics on income inequality, but to fully understand the widening gap between rich and poor, check out the following essay from David DeGraw.
How long will we permit this to go on? [alex]
The Richest 1% Have Captured America’s Wealth — What’s It Going to Take to Get It Back?
The U.S. already had the highest inequality of wealth in the industrialized world prior to the financial crisis — and it’s gotten even worse.
By David DeGraw / February 19, 2010
Originally published by Alternet. Recovered from The Rag Blog.
“The war against working people should be understood to be a real war… Specifically in the U.S., which happens to have a highly class-conscious business class… And they have long seen themselves as fighting a bitter class war, except they don’t want anybody else to know about it.” — Noam Chomsky
As a record amount of U.S. citizens are struggling to get by, many of the largest corporations are experiencing record-breaking profits, and CEOs are receiving record-breaking bonuses. How could this be happening, how did we get to this point?
The Economic Elite have escalated their attack on U.S. workers over the past few years; however, this attack began to build intensity in the 1970s. In 1970, CEOs made $25 for every $1 the average worker made. Due to technological advancements, production and profit levels exploded from 1970-2000. With the lion’s share of increased profits going to the CEO’s, this pay ratio dramatically rose to $90 for CEOs to $1 for the average worker.
As ridiculous as that seems, an in-depth study in 2004 on the explosion of CEO pay revealed that, including stock options and other benefits, CEO pay is more accurately $500 to $1.
Paul Buchheit, from DePaul University, revealed, “From 1980 to 2006 the richest 1% of America tripled their after-tax percentage of our nation’s total income, while the bottom 90% have seen their share drop over 20%.” Robert Freeman added, “Between 2002 and 2006, it was even worse: an astounding three-quarters of all the economy’s growth was captured by the top 1%.”
Due to this, the United States already had the highest inequality of wealth in the industrialized world prior to the financial crisis. Since the crisis, which has hit the average worker much harder than CEOs, the gap between the top one percent and the remaining 99% of the U.S. population has grown to a record high. The economic top one percent of the population now owns over 70% of all financial assets, an all time record.
As mentioned before, just look at the first full year of the crisis when workers lost an average of 25 percent off their 401k. During the same time period, the wealth of the 400 richest Americans increased by $30 billion, bringing their total combined wealth to $1.57 trillion, which is more than the combined net worth of 50% of the US population. Just to make this point clear, 400 people have more wealth than 155 million people combined.
Meanwhile, 2009 was a record-breaking year for Wall Street bonuses, as firms issued $150 billion to their executives. 100% of these bonuses are a direct result of our tax dollars, so if we used this money to create jobs, instead of giving them to a handful of top executives, we could have paid an annual salary of $30,000 to 5 million people. Read the rest of this entry »
George Orwell was an English radical who wrote some of the most important books of the 20th Century, including Homage to Catalonia, about his experiences in the Spanish Civil War, Animal Farm (see cartoon adaptation), an allegory to Stalinism, and the infamous totalitarian novel 1984 (see film adaptation).
Orwell was an acclaimed writer because he wrote in clear and efficient English. He gave us this 1946 article, “Politics and the English Language” on how to write effectively. Check this out before penning/keying your next masterpiece! [alex]
A scrupulous writer, in every sentence that he writes, will ask himself at least four questions, thus:
- What am I trying to say?
- What words will express it?
- What image or idiom will make it clearer?
- Is this image fresh enough to have an effect?
And he will probably ask himself two more:
- Could I put it more shortly?
- Have I said anything that is avoidably ugly?
But you are not obliged to go to all this trouble. You can shirk it by simply throwing your mind open and letting the ready-made phrases come crowding in. They will construct your sentences for you — even think your thoughts for you, to a certain extent — and at need they will perform the important service of partially concealing your meaning even from yourself. It is at this point that the special connection between politics and the debasement of language becomes clear.
[Orwell goes on to explain how English writing is deteriorating from clear, crisp words into vague and opaque phrase-mongering, citing specific examples of particularly bad writing from intellectuals and politicians.]
In our time, political speech and writing are largely the defense of the indefensible. Things like the continuance of British rule in India, the Russian purges and deportations, the dropping of the atom bombs on Japan, can indeed be defended, but only by arguments which are too brutal for most people to face, and which do not square with the professed aims of the political parties.
Thus political language has to consist largely of euphemism, question-begging and sheer cloudy vagueness. Defenseless villages are bombarded from the air, the inhabitants driven out into the countryside, the cattle machine-gunned, the huts set on fire with incendiary bullets: this is called pacification. Millions of peasants are robbed of their farms and sent trudging along the roads with no more than they can carry: this is called transfer of population or rectification of frontiers. People are imprisoned for years without trial, or shot in the back of the neck or sent to die of scurvy in Arctic lumber camps: this is called elimination of unreliable elements. Such phraseology is needed if one wants to name things without calling up mental pictures of them.
Consider for instance Read the rest of this entry »
An excellent talk on the relation between mental health and capitalism/neoliberalism. This is worth watching all the way through if you can. Dr. Stephen Bezruchka discusses the pharmaceutical/psychiatric industry and the spiraling rates of anti-depressants and other drugs given out to adults and children. This medicating of America doesn’t seem to be curbing mental illness or mental disorders, which are more prevalent in the US today than ever before, or in any other countries.
He suggests a more “caring and sharing” society, focused especially on better childhood development and reducing the gap between rich and poor, would do much to help us heal our over-stressed and depressed nation. This is a great line of thought, as understanding psychological disorder within the context of political decision-making allows us to imagine strategies to overcome it. Human-made problems have human solutions.
“The Shock Doctrine: The Rise of Disaster Capitalism”
by Naomi Klein
2007 Metropolitan Books
I feel confident saying that The Shock Doctrine is one of the most important political non-fiction works of the last decade. This should be a high school textbook, or at least required reading in college. Naomi Klein applies her extensive vision and intellect to present us with a way of seeing our world that is extremely relevant and powerful: in the pursuit of enormous profits, those running the global economy intentionally exploit terrible catastrophes, or even create them, to take things for themselves that only shocked and traumatized populations would give up. This ambulance-chasing strategy of those in power is defined as the “shock doctrine,” and “disaster capitalism”, alternatively known as “neoliberalism” is the dominant social paradigm it has created.
Although there are flaws here, which I will mention, this book is both timely and well-written; Klein carries the reader through a story about grandiose topics like neoliberalism, torture, psychology, and international politics that is fundamentally readable.
The most important contribution made by this book in my view is the dismantling of the myth that capitalism’s global dominance is a function of democracy or destiny. This is the notion that with the defeat of the Soviet Union, all alternatives to “the free market” have naturally faded into history, presumably because capitalism is so irresistible. To the contrary, Naomi Klein provides numerous case studies to show us the exact opposite is true – the temporary triumph of global capitalism has been fertilized by the victims of natural disasters, terrorist attacks, wars, campaigns of torture, and economic calamity. In short, alternatives to capitalism have been shocked into submission wherever they’ve appeared.
This is no accident, it is part of a conscious crusade by market fundamentalists, those devoted to the pseudo-religious belief that “the market solves all.” Klein explains that the shock doctrine was developed (at least in part) by the patron saint of neoliberalism, free-market economist Milton Friedman. In his words, “only a crisis – actual or perceived – produces real change. When that crisis occurs, the actions that are taken depend on the ideas that are lying around.” And he intended to provide those ideas. It was Friedman’s opus “Capitalism and Freedom” that proclaimed neoliberalism’s core edicts: deregulation, privatization and cutbacks to social services.
Since the 1970s, these teachings have been vigorously applied across the globe by the “holy trinity” of the International Monetary Fund (IMF), the World Bank, and the World Trade Organization (WTO). Read the rest of this entry »
“You Call This a Democracy? Who Benefits, Who Pays, and Who Really Decides?”
by Paul Kivel
2004 Apex Press
Paul Kivel exposes the ruling class of the United States and how it operates in this short, easy-to-read book. With simple concepts and cute illustrations, a nuanced class analysis is presented in a very clear and accessible format.
If the education system was any good at all, “You Call This a Democracy?” would be one of the textbooks used in all high schools. It explains what the ruling class is (those with a family income above $373,000 and net financial wealth of at least $2 million), how it controls the government, media, and economy, and the negative effects we all suffer, such as poverty, wars, disease, pollution, over-working, stress, and meaningless, isolated lives. Kivel particularly does a great job exposing how the ruling class uses racism, sexism, homophobia and other social divisions to keep itself, a relatively small group of basically white Protestant men, in power. Making the connections between systems of oppression is one of the keys to the freedom of everybody, and this book helps move that analysis forward.
There a couple criticisms I could make about the book, first that it doesn’t inspire enough hope or provide much of a systematic solution to the problem that it systematically critiques. And secondly that the book can be cumbersome to read because of a fair amount of repetition coupled with too many general statements about segments of the population. To a certain extent, this was unavoidable in a book of this nature, but I could have used more examples of particular corporations, politicians, and businesspeople and their ilk, even though the examples given in the book are all great.
Definitely check this out if you want to have any idea about the country you’re living in, and how you and your family and everyone you care about are being screwed over by the super-wealthy elite. The path to a democratic future starts when we become informed.
Grace Lee Boggs is a prominent long-time veteran of civil rights and other movements for justice. An Asian-American woman, now in her 80s, she is active in building urban agriculture systems for the community of Detroit. Their efforts to create a sustainable local economy out of a postindustrial urban shell are an example for all urban American cities. [alex]
Detroit: City of Hope
Building a sustainable economy out of the ashes of industry.
By Grace Lee Boggs
Originally published by In These Times
February 17, 2009.
Photographer: Fabrizio Costantini/Bloomberg News. Hazel Williams picks green tomatoes at an Urban Farm off Linwood Avenue in Detroit, on Sept. 22, 2008. Photo by Fabrizio Costantini / Bloomberg.
Detroit is a city of Hope rather than a city of Despair. The thousands of vacant lots and abandoned houses not only provide the space to begin anew but also the incentive to create innovative ways of making our living—ways that nurture our productive, cooperative and caring selves.
The media and pundits keep repeating that today’s economic meltdown is the worst financial crisis since the Great Depression. But in the ’30s, the United States was an overproducing industrial giant, not today’s casino economy.
In the last few decades, once-productive Americans have been transformed into consumers, using more and more of the resources of the earth to foster ways of living that are unsustainable and unsatisfying. This way of life has created suburbs that destroy farmland, wetlands and the natural world, as well as pollute the environment.
The new economy also requires a huge military apparatus to secure global resources and to consume materials for itself, at the same time providing enormous riches for arms merchants and for our otherwise failing auto, air and ship-building sectors.
Instead of trying to resurrect or reform a system whose endless pursuit of economic growth has created a nation of material abundance and spiritual poverty—and instead of hoping for a new FDR to save capitalism with New Deal-like programs—we need to build a new kind of economy from the ground up.
That is what I have learned from 55 years of living and struggling in Detroit, the city that was once the national and international symbol of the miracle of industrialization and is now the national and international symbol of the devastation of deindustrialization.
When I arrived in Detroit in 1953, the population was 2 million, the majority white. Today, it is less than 900,000, majority black. Back then, racism was blatant and overt. Many bars, restaurants and hotels refused service to blacks. Blacks could buy homes in inner city neighborhoods but could not rent apartments in buildings right next door to these homes.
Meanwhile, freeways were enabling white flight to the suburbs, and technology was replacing human beings with robots.
In 1973, we elected our first black mayor, Coleman Young. Young was a gifted politician who was able to eliminate the most egregious examples of racism, especially in the police and fire departments and City Hall. But he was unable to imagine a post-industrial society. So, for 14 years, he tried in vain to woo industrial jobs back to Detroit.
In 1988, toward the end of his fourth term, Young decided that the factories weren’t coming back and that Detroit’s salvation depended on casino gambling, which he said would create 50,000 jobs.
To defeat his proposal, we organized Detroiters Uniting, a coalition of community groups, blue-collar, white-collar and cultural workers, clergy, political leaders and professionals.
Our concern was with how our city had been disintegrating socially, economically, politically, morally and ethically. We were convinced that we could not depend upon one industry or one large corporation to provide us with jobs. It was now up to us—the citizens of Detroit—to create meaningful jobs and income for all citizens.
We needed a new kind of city where citizens take responsibility for their decisions instead of leaving them to politicians or the marketplace.
Greening the Motor City
Read the rest of this entry »
One of Philadelphia’s larger newspapers puts Paul Glover, local currency and mutual aid-based health care advocate, on its cover story. As always, Paul makes wise and witty proposals to help us solve our economic and ecological woes, and now people are finally listening!
My favorite solution: “Neighborhood watch instead of neighborhood watch TV.” [alex]
Prepare for the Best
A guide to surviving — and thriving in — Philadelphia’s new green future.
Published: Jan 28, 2009
CityPaper
The Dark Season closes around Philadelphia. Wolves howl, “Tough times coming!” Young professionals with good jobs study budget cuts, watch stocks flail. Career bureaucrats are laid off; college students wonder who’s hiring. Old-timers remember when Philadelphia staggered through the terrible Depression years without jobs or dollars, while crime and hunger rose. Some districts here never escaped that Depression — they’re still choosing between heating and eating.
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As usual, the future will be different. Philadelphia’s responses to global warming and market cooling, high fuel and food prices, health unsurance, mortgages, student debt and war will decide whether our future here becomes vastly better or vastly worse. Whether we’re the Next Great City or Next Great Medieval Village. Imagine Philadelphia with one-tenth the oil and natural gas.
But to hell with tragedy. Let’s quit dreading news. Take the Rocky road. There are Philadelphia solutions for every Philadelphia problem.
Imagine instead that, 20 years from now, Philadelphia’s green economy enables everyone to work a few hours creatively daily, then relax with family and friends to enjoy top-quality local, healthy food. To enjoy clean low-cost warm housing, clean and safe transport, high-quality handcrafted clothes and household goods. To enjoy creating and playing together, growing up and growing old in supportive neighborhoods where everyone is valuable. And to do this while replenishing rather than depleting the planet. Pretty wild, right?
Entirely realistic. Not a pipe dream. And more practical than cynical. The tools, skills and wealth exist.
Mayor Michael Nutter foresees we’ll become the “Greenest City in the United States.” So it’s common-sensible to ask, “What are the tools of such a future?” “What jobs will be created?” “Who has the money?” “Where are the leaders?” “How will Philadelphia look?” “What can we learn from other cities?”
Some of the proposals sketched here can be easily ridiculed, because they disturb comfortable work habits, ancient traditions and sacred hierarchies. Yet they open more doors than are closing. They help us get ready for the green economy, and get there first. Big changes are coming so we might as well enjoy the ride. You have good ideas, too — bring ‘em on.
From “Yes We Can” to “Now We Do”
As President Barack Obama says, “Change comes not from the top down, but from the bottom up.” Philadelphia’s chronic miseries suggest that primary dependence on legislators, regulators, police, prisons, bankers and industry won’t save us. They’re essential partners, but the people who will best help us are us. Read the rest of this entry »
A massive wave of layoffs was announced yesterday by 12 major US corporations, including Caterpillar, General Motors, Home Depot, Sprint Nextel and Pfizer. Microsoft also announced its first-ever mass layoffs of 5,000 workers. Overall, more than 75,000 jobs are being cut from the workforce after Unemployment levels were reported as 7.2% in December, the highest level in over 16 years, with no end to the bleeding in sight.
As more and more workers fill the unemployment rolls, it’s time to ask: where will future jobs come from? While government and corporate bigshots plan yet another “economic stimulus” and bailout of the banks, what long-term jobs can we realistically create right now?
Lots of answers present themselves if we look through the lens of peak oil, and start replacing our oil-based economy with a people-based economy. Instead of relying on greenhouse gas-producing fossil fuels, we can tap into the power of human labor, which happens to be our greatest renewable resource.
Certainly there is a need to employ millions to weatherize homes and build and install solar panels and wind turbines (which Obama may address), but there is also a huge need to re-tool Detroit automakers to STOP producing gas-guzzling individual cars, and start making buses, trains and other forms of public transit. Bicycles are also desperately needed, so we need workers to build them and more to repair them too.
We also need lots more doctors and nurses if we make health care universally available, and social workers and therapists to help deal with the psychological trauma our population has suffered from militarism and soulless consumerism. Since many of these jobs require education and training, we need to hire lots more teachers, and we also need education to be a lot more affordable to so more people can access these kinds of careers.
Perhaps the largest gains in the job sector can be achieved by shifting food production away from mega-scale agribusinesses and fossil-fuel intensive monoculture and factory farms, towards community-based, local, organic, family farming and free-range livestock raising. By breaking up the huge corporate farms into family-size and community-size plots, we can repopulate rural America (and stop suburban sprawl), produce better, healthier food, respect animal rights, and create millions of new landowners. Simultaneously we can follow the example of Cuba and turn our blighted inner-cities into gardens, by utilizing permaculture and organic community-run agriculture, which would reduce crime and poverty in our decaying urban areas, bring quality food to places currently plagued by malnutrition, and create millions upon millions of rewarding and meaningful jobs.
How will we finance it? Simple. Disassemble the huge financial firms and multinational corporate banks whose greed caused this economic crisis and create thousands of local banks and credit unions, run by people in the community (even more jobs!) Taxing the rich would help a lot too, and we can cut tons of wasteful government spending on things like the wars in the Middle East, excessive prisons, and nuclear, biological and chemical weapons. The money is right there, we just need to redirect it to things that actually help people instead of killing them.
This of course requires a revolutionary change in the economic and political structure of the United States, which means average people like you and me having control over the decisions affecting our lives, instead of remaining at the whim of wealthy elites who in the current crisis have shown themselves unable to run a lemonade stand, let alone the global economy.
[alex]
Deluge of layoffs hits U.S. economy
January 27, 2009
By Jerry Hirsch and Maura Reynolds
Scott Olson, Getty Images
A worker walks between Caterpillar earth-moving equipment at a road construction site near Joliet, Ill. The company has announced that it will cut nearly 20,000 jobs as the recession reduces demand for its products.
Companies including Home Depot, Caterpillar, Pfizer and Sprint plan to cut nearly 60,000 jobs, adding urgency to the need to agree on a stimulus plan.
U.S. companies slashed nearly 60,000 jobs Monday, adding impetus to the Obama administration’s efforts to reach agreement on a plan to pump $825 billion into the economy over a two-year period.
But it’s unclear whether even that massive influx of funding and tax cuts would be enough to get companies hiring again in the near term.
The cuts by firms including Caterpillar, General Motors, Texas Instruments, Home Depot, Sprint Nextel and Pfizer brought the total of jobs shed so far this month to 187,550, more than November or December and well over double the number of January 2008, according to employment firm Challenger, Gray & Christmas Inc.
Analysts believe that Obama’s strategy of pouring money into state and local governments could prevent layoffs and furloughs of public sector employees, including teachers, police officers and other government workers.
Economists have estimated that the plan will protect or create 3 million to 4 million jobs in the next two years.
But the U.S. economy lost 2.6 million jobs last year and could lose 2 million more during the first half of this year. Read the rest of this entry »
Richard Heinberg (author of the seminal work The Party’s Over: Oil, War and the Fate of Industrial Societies) lays out a clear program for Obama, to move the US away from its current suicidal path and towards a green economy. However, the danger may be that Obama has surrounded himself with people who are telling him to do the exact opposite of each of these recommendations. Our job, as a movement, is to move the country away from fossil fuels by blocking the construction of more death machines (coal plants, oil-guzzling cars, the military…), and by simultaneously creating irresistible alternatives. [alex]
Memo to the President-elect on Energy Realism and the Green New Deal
MuseLetter 200
December 2008 by Richard Heinberg
Executive Summary
Our continued national dependence on fossil fuels is creating a crippling vulnerability to both long-term fuel scarcity and catastrophic climate change.
The current economic crisis requires substantial national policy shifts and enormous new government injections of capital into the economy. This provides an opportunity for a project whose scope would otherwise be inconceivable: a large-scale, coordinated energy transition away from fossil fuels and toward renewable energy.
This project must happen immediately; indeed, it may already be too late. We have already left behind the era of cheap and plentiful fossil fuels, with a permanent decline of global oil production likely underway within three years. Moreover, the latest research tells us we have less than eight years to bring carbon emissions under control if we hope to avoid catastrophic climate change. Lacking this larger frame of understanding and action, a mere shift away from foreign oil dependence will fail to meet the challenge at hand.
The energy transition must not be limited to building wind turbines and solar panels. It must include the thorough redesign of our economic and societal infrastructure, which today is utterly dependent on cheap fossil fuels. It must address not only our transportation system and our electricity grid, but also our food system and our building stock.
Our 21st century nation’s dependence on 20th century fossil fuels is the greatest threat we face, far more so than the current financial crisis. A coordinated, comprehensive transition to an economy that is no longer dependent on hydrocarbon fuels and no longer emits climate-changing levels of carbon—a Post Carbon Energy Transition—will be the Obama Administration’s greatest opportunity to lead the nation on a path toward sustainable prosperity.
Overview: Need and Scope
As a new Administration prepares to take the reins of power, America’s economy is descending into a recession or, quite possibly, a depression. Read the rest of this entry »
The US government is becoming more and more a tool for huge corporations and banks to eliminate their risk despite insanely short-sighted and self-serving policies. The American public will not accept our money being handed to those who don’t deserve it, and never intend to pay us back. That is fascism.
“We, the people” need a bailout too. Today I attended a rally in Philadelphia, to stop the mayor from making budget cuts to close down 11 libraries around the city. How are you supposed to provide educational opportunities for inner-city youth if you’re closing libraries? Closing doors, eliminating opportunities for advancement – this fuels the cycle of violence and crime.
We have to demand money for human needs, not corporate greed! It’s our government, it must work for us, not just the rich. [alex]
Originally published by Forbes.
Washington’s $5 Trillion Tab
Elizabeth Moyer, 11.12.08
Fighting the financial crisis has put the U.S. on the hook for some $5 trillion a report says. So far.
For all the fury over Treasury Secretary Henry Paulson’s $700 billion emergency economic relief fund, it seems downright puny when compared to the running total of the government’s response to the credit crisis.
According to CreditSights, a research firm in New York and London, the U.S. government has put itself on the hook for some $5 trillion, so far, in an attempt to arrest a collapse of the financial system.
The estimate includes many of the various solutions cooked up by Paulson and his counterparts Ben Bernanke at the Federal Reserve and Sheila Bair at the Federal Deposit Insurance Corp., as the credit crisis continues to plague banks and the broader markets. Read the rest of this entry »
Now I hope people don’t see this article as ’support for the Soviet Union’ or something ridiculous like that, but I think this is a very insightful and amusing article, based on a powerpoint presentation. The question is, was the USSR more prepared for the economic collapse it suffered than the US is for the collapse it will soon suffer? Orlov lived through the former and seems to think that it was.
Also note that I strongly disagree with his recommendation to abandon politics – he’s right that politicians are swine but i think he’s wrong in overlooking people’s ability to build a resistance movement that can make real changes to our society, despite politicians best efforts to derail it. So with that, enjoy the article! [alex]
Closing the ‘Collapse Gap’: the USSR was better prepared for collapse than the US
by Dmitry Orlov
Originally published be Energy Bulletin, December 4, 2006.
Good evening, ladies and gentlemen. I am not an expert or a scholar or an activist. I am more of an eye-witness. I watched the Soviet Union collapse, and I have tried to put my observations into a concise message. I will leave it up to you to decide just how urgent a message it is.
My talk tonight is about the lack of collapse-preparedness here in the United States. I will compare it with the situation in the Soviet Union, prior to its collapse. The rhetorical device I am going to use is the “Collapse Gap” – to go along with the Nuclear Gap, and the Space Gap, and various other superpower gaps that were fashionable during the Cold War.
Slide [2] The subject of economic collapse is generally a sad one. But I am an optimistic, cheerful sort of person, and I believe that, with a bit of preparation, such events can be taken in stride. As you can probably surmise, I am actually rather keen on observing economic collapses. Perhaps when I am really old, all collapses will start looking the same to me, but I am not at that point yet.
And this next one certainly has me intrigued. From what I’ve seen and read, it seems that there is a fair chance that the U.S. economy will collapse sometime within the foreseeable future. It also would seem that we won’t be particularly well-prepared for it. As things stand, the U.S. economy is poised to perform something like a disappearing act. And so I am eager to put my observations of the Soviet collapse to good use.
Slide [3] I anticipate that some people will react rather badly to having their country compared to the USSR. I would like to assure you that the Soviet people would have reacted similarly, had the United States collapsed first. Feelings aside, here are two 20th century superpowers, who wanted more or less the same things – things like technological progress, economic growth, full employment, and world domination – but they disagreed about the methods. And they obtained similar results – each had a good run, intimidated the whole planet, and kept the other scared. Each eventually went bankrupt. Read the rest of this entry »
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