Saturday, January 13, 2018

Strict Father Smacking The Lipstick Off The Cathedral's Neoliberal Pig


WaPo |  Thiel’s secret financing of multiple suits against Gawker was legal. But that shouldn’t erase the squeamishness brought on by a billionaire leveraging his wealth to obliterate a media outlet, all as part of a personal vendetta. (Thiel did not respond to request for comment.)

That vendetta is complicated. Thiel claims that Gawker outed him as gay. The author of the “outing” article claims Thiel was out already, but that those who knew assumed the information should remain restricted to certain circles. That attitude was “retrograde and homophobic,” the author argues, and it merited an exposé.

But more about Gawker’s coverage may have rankled Thiel than, as he put it, the website’s “creepy obsession with outing closeted men.” Gawker’s tech-focused website Valleywag trained a skeptical and often searing eye on Silicon Valley culture. It reported on what tech titans said they were about and what they actually did.

Thiel was a titan, so he was also a target. Thanks to the lawsuits he funded, Gawker had to stop bothering him. If he gets his way again, any trace of that troublesome writing may be erased. This starts to look an awful lot like book-burning.
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The good news is that ALL institutions are currently in play. Been taking a deep dive with the youngest into questions about dopamine hegemony and the science and engineering of money. Cryptocurrency and cryptocurrency-speculation being all the rage at the moment among the young, dumb, and “want something for nothing” set. 

Am absolutely loving the open warfare erupting in the Impyrian heights among the oligarchs and then licking down like lightning to destroy errant peasants who attempt to fly too high. Ahhhh.., the petty satisfactions of pedestrian schadenfreude. 

Anyway, what we can all know and see for certain at this moment, is that the NYC-DC establishment is going into a strong second-half push in this destroy Trump game. Now that russiagate has failed, it’s down to adultery and faux racism. All just window-dressing over the real game in play – that game being control of the money pump. The Koch/Thiel/Mercer block is not going to easily surrender to the status quo whigs, and the whigs are fresh out of new tricks against their invigorated asymmetrical elite political adversaries.
One of the theoretical forerunners and bases of Modern Monetary Theory (MMT) is chartalism, an economic theory which argues that money is a creature of the state designed to direct economic activity. The theory has recently been popularized by David Graeber’s book Debt: The First 5,000 Years, a wide-ranging work that touches upon issues ranging from gift economies, the linkage between quantification and violence, and the relationship between debt and conceptions of sin. In charting out the history of money, Graeber notes that, despite anthropological evidence to the contrary, economists have long clung to the myth of barter.
However, money does not emerge from barter-based economic activities, but rather from the sovereign’s desire to organize economic activity. The state issues currency and then imposes taxes. Because citizens are forced to use the state’s currency to pay their taxes, they can trust that the currency will carry value in day-to-day economic activities. Governments with their own currency and a floating exchange rate (sovereign currency issuers like the United States) do not have to borrow from “bond vigilantes” to spend. They themselves first spend the money into existence and then collect it through taxation to enforce its usage. The state can spend unlimited amounts of money. It is only constrained by biophysical resources, and if the state spends beyond the availability of resources, the result is inflation, which can be mitigated by taxation.
These simple facts carry radical policy implications. Taxes are not being used to fund spending, but rather to control inflation and redistribute income. Thus, we can make the case for progressive taxation from a moral standpoint concerned with social justice:
Meanwhile, smart black folk recognizing the game of musical chairs on the deck of the Titanic - FULLY REALIZE the ruthless screwing handed down to us by the DC-NYC establishment over the past 50 years, with the replacement negroe program, mass incarceration, and systematic demonization