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By Walter Rhett:
If you work in cultural studies, there’s a place where myth takes over from fact. The meanings of things often overpower words and lie deep in silence, tangled and forgotten. This week’s brouhaha brings up a case in point: Mayor Cory Booker may be nauseated by the criticisms of equity capital, but he of all people should remember the most egregious example of equity capital and be nauseated. Equity capital brought us slavery.
Failure to Communicate
I keep reading about moderates, conservatives, and liberals. But these words describe positions bounded by social policy. The real key is the candidates positions on political economy: how will the power of the state be used to tax, how will the state pay for its services and programs, how will the state fund its regulations and quality of life; how will the state exercise oversight of its billions in budget, how will it safeguard corruption, into whose hands will these billions fall? How will the state direct the private economy? How will the state provide for the general welfare?
Whether moderate, conservative, or liberal, anyone can be greedy. Examine the economic positions, see how the money flows.
Daily, John Boehner posts on twitter the opposite and dishonest view that “uncertainty” or “deficits” “prevent” “job creators” from creating jobs–while never mentioning weak, non-existent demand, that large corporations are showing year on end record profits …