A graph showing what went wrong with the U.S.

Phil Ebersole's Blog

imrs Double click to enlarge.

This chart shows the average annual income, year by year, of the bottom 90 percent of income earners (top to bottom scale) and upper 1 percent of income earners (left to right scale).

Unless you have a good reason for believing that American working people became less productive after 1973 or so, and the economic elite suddenly became more valuable, there is something very wrong with the U.S. economy.

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Stuff Neoliberalism

It is my little old belief that Social Democracy is civilisation and Neo-Liberalism is barbarism. It is a harmful creed based upon some of the worst ideas of 19th century Liberal extremism. In the mid 20th century Britain was onto something good, something very humane, balanced and with great potential. It could have been built upon to have achieved something even better. Sadly this mutual and civilised state of affairs was attacked and destroyed both from the left and the right (and from without with America and Russia both striving to promote their ideologies in Britain just as they did elsewhere). It is my belief that the destruction of British Social Democracy can be mainly blamed not upon the right, but upon pro-Soviet elements in the union movement that connived with the KGB to undermine successive Labour governments – with the goal of fermenting class struggle, rather than class harmony and brotherhood in Britain. Thatcher and the Neo-Liberals didn’t win anything they just stepped into the rubble of our Social Democracy. The following links are to posts and articles that document the ills and harms of Neo-Liberal governmental policies.

“Neoliberalization has not been very effective in revitalizing global capital accumulation, but it has succeeded remarkably well in restoring, or in some instances (as in Russia and China) creating, the power of an economic elite. The theoretical utopianism of neoliberal argument has … worked as a system of justification and legitimation for whatever needed to be done to achieve this goal.” David Harvey

Neo-Liberalism has caused…“the commodification and privatization of land and the forceful expulsion of peasant populations (compare the cases, described above, of Mexico and of China, where 70 million peasants are thought to have been displaced in recent times)…conversion of various forms of property rights (common, collective, state, etc.) into exclusive private property rights (most spectacularly represented by China)…commodification of labour power and the suppression of alternative (indigenous) forms of production and consumption…colonial, neocolonial, and imperial processes of appropriation of assets (including natural resources)…the slave trade (which continues particularly in the sex industry)…and usury, the national debt and, most devastating of all, the use of the credit system as a radical means of accumulation by dispossession.” David Harvey

“…we live in a society where there is no faith, where God has been replaced by Mammon, and we are a nation now that worships Mammon. We’re told to worship Mammon, and the City of London, and the Dow Jones Industrial Average has replaced the Ten Commandants and that I find deeply offensive because it’s a virus that’s infected everybody, including the Labour Party – they call it Modernisation in the Labour Party but actually it’s the acceptance that Mammon will run the world. Now, I know I’m using theological language but that’s because I do see it in that way.” Tony Benn

“Beyond the speculative and often fraudulent froth that characterizes much of neoliberal financial manipulation, there lies a deeper process that entails the springing of ‘the debt trap’ as a primary means of accumulation by dispossession. Crisis creation, management, and manipulation on the world stage has evolved into the fine art of deliberative redistribution of wealth from poor countries to the rich.” David Harvey

“Modern capitalism is just as subversive as Marxism. The materialistic view of life on which both systems are based is identical…” Julius Evola

“Neoliberal democracy. Instead of citizens, it produces consumers. Instead of communities, it produces shopping malls. The net result is an atomized society of disengaged individuals who feel demoralized and socially powerless…In sum, neoliberalism is the immediate and foremost enemy of genuine participatory democracy, not just in the United States but across the planet, and will be for the foreseeable future.” Noam Chomsky

“This is neoliberal democracy in a nutshell: trivial debate over minor issues by parties that basically pursue the same pro-business policies regardless of formal differences and campaign debate. Democracy is permissible as long as the control of business is off-limits to popular deliberation or change; i.e. so long as it isn’t democracy. The neoliberal system therefore has an important and necessary byproduct – a depoliticized citizenry marked by apathy and cynicism” Noam Chomsky

“Business, especially big business, is now organized like an army. It is, as some would say, a sort of mild militarism without bloodshed; as I say, a militarism without the military virtues.” GK Chesterton

“Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes
“From the standpoint of any sane person, the present problem of capitalist concentration is not only a question of law, but of criminal law, not to mention criminal lunacy.” GK Chesterton (speaking during a time in which wealth disparities were lower than today)