Showing posts with label Power Elite. Show all posts
Showing posts with label Power Elite. Show all posts

Sunday, December 20, 2009

Two Words... "Vested Interests" - Economic Theory And The Disdain For Empirical Verification

.
.
"The validity of a theory proper does not depend on the correspondence or lack of it between the assumptions of the theory or its conclusions and observations in the real world. A theory as an internally consistent system is valid if the conclusions follow logically from its premises, and the fact that neither the premises nor the conclusions correspond to reality may show that the theory is not very useful, but does not invalidate it. In any pure theory, all propositions are essentially tautological, in the sense that the results are implicit in the assumptions made. {6}

Such disdain for empirical verification is not found in the physical sciences. Its popularity in the social sciences is sponsored by vested interests. There is always self-interest behind methodological madness. That is because success requires heavy subsidies from special interests who benefit from an erroneous, misleading or deceptive economic logic. Why promote unrealistic abstractions, after all, if not to distract attention from reforms aimed at creating rules that oblige people actually to earn their income rather than simply extracting it from the rest of the economy?"

--Excerpted from Michael Hudson, "Krugman's attack on my review of Samuelson, Personal correspondence (December 20 2009)". In re: "Elegant Theories That Didn't Work: The Problem with Paul Samuelson" by Michael Hudson, Counterpunch (December 14 2009)

[In Full]


For more on the topic, see: "A Note Of Appreciation From The Rich"
Let's be honest: you'll never win the lottery.

On the other hand, the chances are pretty good that you'll slave away at some miserable job the rest of your life. That's because you were in all likelihood born into the wrong social class. Let's face it -- you're a member of the working caste. Sorry!

As a result, you don't have the education, upbringing, connections, manners, appearance, and good taste to ever become one of us. In fact, you'd probably need a book the size of the yellow pages to list all the unfair advantages we have over you. That's why we're so relieved to know that you still continue to believe all those silly fairy tales about "justice" and "equal opportunity" in America.

Of course, in a hierarchical social system like ours, there's never been much room at the top to begin with. Besides, it's already occupied by us -- and we like it up here so much that we intend to keep it that way.

But at least there's usually someone lower in the social hierarchy you can feel superior to and kick in the teeth once in a while. Even a lowly dishwasher can easily find some poor slob further down in the pecking order to sneer and spit at.

So be thankful for migrant workers, prostitutes, and homeless street people...

.
.


Tuesday, September 1, 2009

The Word On The Street: "Defy Your Empire" - The G-20 Comes To America (and all we got was this lousy depression)




Protests will begin several days before the summit. Many of the activities are being coordinated by Pittsburgh’s Thomas Merton Center. There will be a march Sept. 25 for anyone who, as Jessica Benner of the center’s Antiwar Committee stated, “has lost a job, a home, a loved one to war, lost value to a retirement plan, gotten sick from environmental pollution, or lived without adequate healthcare, water, or food. … ”

There will be at least three tent cities, in addition to a Music Camp beginning Sept. 18 that will be situated at the South Side Riverfront Park near 18th Street. Unemployed workers will set up one tent city at the Monumental Baptist Church on Sept. 20 and five days later will march on the Convention Center. The encampment and the march are being organized by the Bail Out the People Movement.


The Institute for Policy Studies, The Nation magazine, the United Electrical, Radio and Machine Workers of America, Pittsburgh United and other organizations will host events including a panel on corporate globalization featuring former World Bank President Joseph Stiglitz, along with a “People’s Tribunal.”

There will be a religious procession calling for social justice and a concert organized by Students for a Democratic Society [PDF, The Port Huron Statement, SDS founding document].

Go to Pittsburgh, Young Man, and Defy Your Empire

Posted on Aug 31, 2009

Shock troops and “free speech zones” have become the norm at mass gatherings in modern America.

By Chris Hedges


Globalization and unfettered capitalism have been swept into the history books along with the open-market theory of the 1920s, the experiments of fascism, communism and the New Deal. It is time for a new economic and political paradigm. It is time for a new language to address our reality. The voices of change, those who speak in powerful and yet unfamiliar words, will cry out Sept. 25 and 26 in Pittsburgh when protesters from around the country gather to defy the heads of state, bankers and finance ministers from the world’s 22 largest economies who are convening for a meeting of the G-20.


If we heed these dissident voices we have a future.

If we do not we will commit collective suicide.


[In Full @ TruthDig]

For more on how these organizations of the Power Elite destroy economies around the world, see:

"Wednesday, June 4, 2008
The WTO, World Bank, and IMF - Destroying African (or insert your third world country's name here) Agriculture - Walden Bello, FPIF
"




Thursday, July 24, 2008

Guess Who's Coming To Bohemian Grove... 2008 Guest List

According to the guest list, this year's attendees include George H. W. Bush, David Rockefeller, Henry Kissinger, Donald Rumsfeld, Colin Powell, several former CIA directors and Paul Pelosi, Nancy's husband. Also attending are two members of the Grateful Dead, one of whom is camping with the elder Bush.
Courtesy of Indybay, IndyMedia



DOWNLOAD THE LIST HERE:


Bohemian Grove 2008 Guest List REVEALED


Activists Take 9/11 Truth to Elite's Summer Retreat

July 23, 2008
truthaction. org

http://truthaction. org/forum/viewtopic. php?t=3873

Activists from truthaction. org have obtained the official guest list for Bohemian Grove's 2008 midsummer encampment along with a map of the Grove's facilities. According to the guest list, this year's attendees include George H. W. Bush, David Rockefeller, Henry Kissinger, Donald Rumsfeld, Colin Powell, several former CIA directors and Paul Pelosi, Nancy's husband. Also attending are two members of the Grateful Dead, one of whom is camping with the elder Bush.

The Bohemian Grove, located in the small town of Monte Rio in Sonoma County, California is notorious for its annual summer retreats for the rich and powerful during which participants kick back, relax and enjoy a simulated child sacrifice called "Cremation of Care". The Grove is strictly off-limits to the uninvited and much effort is made to maintain secrecy. Workers at the retreat must sign a comprehensive confidentiality agreement and the entrance to the 2,700 acre getaway is guarded not only by private security but also the local Sheriff's department, at taxpayers expense.

Statement and more in full @ Indymedia