the third industrial revolution

NewScientist | In The Empathic Civilization, Jeremy Rifkin argues that before we can save ourselves from climate change we have to break a vicious circle and embrace a new model of society based on scientists' new understanding of human nature. I asked him how we can do it.

What is the premise of The Empathic Civilization?
My sense is that we're nearing an endgame for the modern age. I think we had two singular events in the last 18 months that signal the end. First, in July 2008 the price of oil hit $147/barrel. Food riots broke out in 30 countries, the price of basic items shot up and purchasing power plummeted. That was the earthquake; the market crash 60 days later was the aftershock. It signaled the beginning of the endgame of a great industrial era based on fossil fuels. The second event, in December 2009, was the breakdown in Copenhagen, when world leaders tried to deal with our entropy problem and failed.

That's the context of the book. Why couldn't our world leaders anticipate or respond to the global meltdown of the industrial revolution? And why can't they deal with climate change when scientists have been telling us that it may be the greatest threat our species has ever faced?


What do you think the problem is?
My sense is that the failure runs very deep. The problem is that those leaders are using 18th century Enlightenment ideas to address 20th century challenges. I advise a number of heads of state in Europe and over and over again I see how these old ideas about human nature and the meaning of life continue to cloak public policy. The Enlightenment view is that human beings are rational, detached agents that pursue our own self-interests and our nation states reflect that view. How are we going to address the needs of 7 billion people and heal the biosphere if we really are dispassionate, disinterested agents pursuing our own self-interest?

A lot of interesting new discoveries in evolutionary biology, neuroscience, child development, anthropology and more suggest that human nature might not be what Enlightenment philosophers suggested. For instance, the discovery of mirror neurons suggests that we are not wired for autonomy or utility but for empathic distress; we are a social species.

oblivious to the here and now

WaPo | Jay Ferrari was squatting on a step-stool next to the bathtub, which held his 4-year-old daughter and a rising tide, when he sensed an opening to use the Sicilian Dragon defense in his iPhone-to-iPhone chess match against his neighbor.
"Why do my feet feel wet?" he thought. He looked down. His feet were soaked. He turned and saw an ecstatic little girl enjoying her first tsunami.

"Oh, no," Ferrari said. He didn't flinch. With one hand, he executed the chess move; with the other, he turned off the faucet. The absurdity of the moment was not lost on him -- or his wife. "Dude," he told himself, "this is not appropriate. What are you doing?"

Physically, Ferrari resides in the Manor Park section of Northwest Washington, but his wife would say he really lives in a digital world, where smartphones are more stimulating to some people than the life unfolding around them.

You see these tethered souls everywhere: The father joining in an intense Twitter debate at his daughter's dance recital. The woman cracking wise on Facebook while strolling through the mall. The guy on a date reviewing his fish tacos on Yelp. Not to mention drivers staring down instead of through their windshields.

Physically, they are present. Mentally, they are elsewhere, existing as bits of data pinging between cellphone towers.

"My wife has physically pulled the thing out of my hands a couple times," said Ferrari, who has been nabbed checking his Twitter feed at, among other places, his in-laws' dining room table. "She says it's like I'm picking my nose in public."

Doomsayers have long predicted that technological progress would turn us into shut-ins who rarely venture from our game-playing, IM-ing digital cocoons out into the physical world. But the stereotype of the computer-addicted recluse in the basement has been blown away; smartphones make it possible to turn off the physical world while walking through it.

A recent Pew Research Center study found that "a significant proportion of people who visit public and semipublic spaces are online while in those spaces." Parks. Libraries. Restaurants. Houses of worship.

the other shoe...,

Telegraph | Barclays and Bank of America see looming oil crunch. For oil markets, it as if the Great Recession never happened. Surging demand in China, India and the Middle East is making up for decline in the debt-crippled West, ensuring another global crunch within three or four years.

Bank of America and Barclays Capital, two leading oil traders, have told clients to brace for crude above $100 (£64) a barrel by next year, before it pushes relentlessly higher over the decade. This is a stark contrast from recessions in the 1980s and 1990s, when it took years to work off excess drilling capacity built in the boom.

"Oil has the potential to flirt with $100 this year. We forecast an average price of $137 by 2015," said Amrita Sen, an oil expert at BarCap. The price has doubled to $78 in the last year.

"The groundwork for the next sustained step up in oil prices is now almost complete. Global spare capacity is likely to be reduced to low levels within a relatively short time. The global economic crisis has postponed, but not cancelled, a crunch which would otherwise be starting to bite now," said Barclays.

Francisco Blanch, from Bank of America Merrill Lynch, said crude may touch $105 next year, with $150 in sight by 2014. "Approximately 1.7bn consumers in emerging markets with a per capita income of $5,000 to $20,000 are eagerly waiting to buy cars, air-conditioning units, or white goods," he said.

China has overtaken the US as the world's top car market. Mr Blanch expects oil demand to rise by a further 2.8m barrels per day (bpd) in China and 2.5m bpd in India by 2015, when two giants will be absorbing the lion's share of Gulf output. Consumption in the West has already peaked and will fall each year as populations shrink and we waste less, but the West no longer sets the price. Global use will increase by 8.8m bpd to 95m bpd.

Supply is scarce. Sir Richard Branson warned this month that the world faces 'peak oil' within five years. "Don't let the oil crunch catch us out in the way that the credit crunch did," he said.

the invisible hand doing god's work....,

Counterpunch | What is remarkably left out of account is that today’s financial crisis, centered on public debts, is largely a fiscal crisis in character. It is caused by replacing progressive taxation with regressive taxes, and above all by untaxing finance and real estate. Take the case of California, where tears are being shed over the dismantling of the once elite University of California system. Since American independence, education has been financed by the property tax. But Proposition 13 has “freed” property from taxation – so that its rental value can be borrowed against and turned into interest payments to banks. California’s real estate costs are just as high with its property taxes frozen, but the rising rental value of land has been paid to the banks – forcing the state to slash its fiscal budget or else raise taxes on labor and consumers.

The link between financial and fiscal crisis – and hence the need for a symbiotic fiscal-financial reform – is just as clear in Europe. The Greek government has pre-sold its tax revenues from roads and other infrastructure to Wall Street, leaving less future revenue to pay its public debt. To cap matters, paying income tax is almost voluntary for wealthy Greeks. Tax evasion is hardly necessary in the post-Soviet states, where property is hardly taxed at all. (The flat tax falls almost entirely on labor.)

Throughout the world, scaling back the 20th century’s legacy of progressive taxation and untaxing real estate and finance has led to a public debt crisis. Property income hitherto paid to governments is now paid to the banks. And although Wall Street has extracted $13 trillion in bailouts just since October 2008, the thought of raising taxes on wealth to pay just $1 trillion over an entire decade for Social Security or health insurance is deemed a crisis that would lead Wall Street to shut down the economy. It is telling governments to shift to a regressive tax system to make up the fiscal shortfall by raising taxes on labor and cutting back public spending on the economy at large. This is what is plunging economies from California to Greece and the Baltics into fiscal and financial crisis. Wall Street’s solution – to balance the budget by cutting back the government’s social contract and deregulating finance all the more – will shrink the economy and make the budget deficits even more severe.

Financial speculators no doubt will clean up on the turmoil.

the new poor you shall always have with you...,

NYTimes | Call them the new poor: people long accustomed to the comforts of middle-class life who are now relying on public assistance for the first time in their lives — potentially for years to come.

Yet the social safety net is already showing severe strains. Roughly 2.7 million jobless people will lose their unemployment check before the end of April unless Congress approves the Obama administration’s proposal to extend the payments, according to the Labor Department.

Here in Southern California, Jean Eisen has been without work since she lost her job selling beauty salon equipment more than two years ago. In the several months she has endured with neither a paycheck nor an unemployment check, she has relied on local food banks for her groceries.

She has learned to live without the prescription medications she is supposed to take for high blood pressure and cholesterol. She has become effusively religious — an unexpected turn for this onetime standup comic with X-rated material — finding in Christianity her only form of health insurance.

“I pray for healing,” says Ms. Eisen, 57. “When you’ve got nothing, you’ve got to go with what you know.”

states ain't seen nothin yet....,

NYTimes | “Because of the decline in state revenues,” Mr. Douglas said, “43 states cut $31 billion from their budgets in 2009. For fiscal year 2010, even with nearly $30 billion in new revenue, 36 states have been forced to cut $55 billion. Thirty states have cut elementary, secondary and higher education.”

Given these problems, governors of both parties expressed concern about plans by Democrats in Congress to expand Medicaid, the program for low-income people.

Gov. Haley Barbour of Mississippi, the chairman of the Republican Governors Association, said the health bills passed by the House and the Senate would impose “an enormous unfunded mandate on states,” forcing them to pick up $25 billion in new costs over 10 years.

Mr. Barbour explained what this would mean in Mississippi: “Either the state income tax or the state sales tax or both would have to be raised. We would add 300,000 people to the Medicaid rolls. It’s about a 50 percent increase.”

Gov. Christine Gregoire of Washington, a Democrat, said that despite such concerns, she was “a huge champion of national health care reform.”

“You can’t take little nibbles at health care reform,” Ms. Gregoire said. “It’s got to be comprehensive.”

Ms. Gregoire said she had told the top Democrats in Congress that they might want to delay the expansion of Medicaid if states were still in economic distress in a few years.

“If we don’t come out of this recession and if I have to absorb new costs, I don’t know how I would do it,” Ms. Gregoire said. “We would be hard-pressed to pick up the tab. But that’s not to say we should not move forward on health care reform. Doing nothing would be the biggest mistake.”

on the nature of a credible threat...,

NYTimes | Not long after Amy Bishop was identified as the professor who had been arrested in the shooting of six faculty members at the University of Alabama in Huntsville on Feb. 12, the campus police received a series of reports even stranger than the shooting itself.

Several people with connections to the university’s biology department warned that Dr. Bishop, a neuroscientist with a Harvard Ph.D., might have booby-trapped the science building with some sort of “herpes bomb,” police officials said, designed to spread the dangerous virus.

Only people who had worked with Dr. Bishop would know that she had done work with the herpes virus as a post-doctoral student and had talked about how it could cause encephalitis. She had also written an unpublished novel in which a herpes-like virus spreads throughout the world, causing pregnant women to miscarry.

By the time of the reports, the police had already swept every room of the science building, finding nothing but a 9-millimeter handgun in the second-floor restroom.

But the anxious warnings reflected the fears of those who know Dr. Bishop that she could go to great lengths to retaliate against those she felt had wronged her.

tea party hero?

Gather | In my coffee shop conversations and errands around East Texas (haven of right wing lunatics and constitutional crackpots) the last two days, one thing is becoming obvious; the right wing has a new hero to put up there with Tim McVey and Terry Nichols. They are saying it in low voices, but none-the-less, they believe him to be a hero.

The first set at the coffee shop this morning started right up… “We been telling people things were fixin to change, and thank God for Joe Stack, people are going to take notice, and more will come soon now that he's had the balls to start it rolling!”, said Wayne. He is a locally notorious figure since the FBI and ATF raided his home and farm right after Waco. They didn’t find his doomsday stash and promptly left his place after tearing it apart and coming up empty handed. All it did was make him a local legend… and a legend in his own mind. He went on to describe how the IRS wasn’t a legal organization and was unconstitutional. The problem is, Wayne is dead broke and disabled and living on a government disability check. I asked him why he would be so against the government since he was so dependant on them, but he said he could live without the check if Texas left the Union or the government returned to what it was meant to be. He didnt remember teh talk teh day before about how he couldnt get by on his check and how his wife was suffering without healthcare access to a doctor.

Sonny chimed in, “ I knew this N***r president would cause this to come to a head! Now if just a few more brave souls would do something similar, things would start to come together!” Sonny is broke too and lives on a disability check, but he has land a cows and probably would not be so badoff if he stopped drinking.

Then Howard came in and said “How ‘bout that Joe Stack! …….A great American HERO!”. Now Howard aint broke by any means. He owns about 2 million dollars worth of land and runs about 500 head of prize cows, not to mention his large stock portfolio and a couple of companies he owns. He is the local Tea Party leader and organizer. It didn’t take long for him to start in with his typical and oft repeated complaints about all the income and property tax he pays. “By Gawd!” he groans “if more people had the guts Joe Stack did we could get somewhere! People would see how bad we have it! These lefties would have to give up!’

Well that stop at a coffee shop was all I could take so I drove over to the next community and sat down for another cup at the café. It didn’t get any better, a couple of locals known for belonging to a militia that “doesn’t exist anymore” started in with pretty much the same conversation and said they were hooking up with the Tea Party folks this weekend. They had considered it to be a rich guys game, but now it was making sense. But they added “we better get the right kind of folks to stop talking so loud about Stack, cause somebody is going to say we are for terrorism, and well, we are for it as long as its real Americans, protesting this commie government were getting.

As I ran my errands to the feed store, the barber shop, etc.. it was mostly all the same talk, but to be fair, most people said Stack should never have done that, because innocent people got hurt, but they were all glad he did what he did.

tax attacks

Newsweek | On Feb. 18, 2010, software engineer Joesph Stack flew a small plane into a building housing the Internal Revenue Service offices in Austin, Texas, because he was upset with the IRS, according to officials. Though Stack's actions were extreme, the United States has seen a quiet but violent anti-taxation movement grow since the middle of the 20th century. Having little in common with the Revolutionary War-era Boston Tea Partiers, these protesters believe taxes are unjustified, with or without representation, and they may have ties to other antigovernment groups, including the militia movement, the Sovereign Citizen movement, and white-supremacist groups. Mark Pitcavage, a historian of extreme-right-wing movements and the director of investigative research at the Anti-Defamation League, and the Southern Poverty Law Center have researched the history of violent attacks carried out by members of the tax-protest movement. Here they highlight a few of the major events in the movement's history.

tax protest movement

ADL | The tax protest movement is a relatively long-lived anti-government movement rising out of opposition to federal income taxes. Tax protesters generally believe that either the income tax laws are in some way invalid or that they do not apply to most citizens; therefore, they believe they have a legal and moral right not to pay taxes. Many tax protesters suspect that the government covers up the "truth" about the income tax in order to continue oppressing the people and taking their money. Tax protesters engage in a wide variety of tax evasion strategies that range from simple refusal to pay taxes to complicated schemes using onshore and offshore trusts in order to hide income from the government. Tax protesters are also violent on occasion, attacking IRS agents or property or others charged with enforcing the law.

The other tax protest movement to emerge in the second half of the 20th century had a very different history. It was an extreme right-wing movement that had its origins in longstanding conservative opposition to the income tax, which was ratified as the 16th Amendment in 1913. Conservatives objected to the progressive nature of the tax, the loss of personal income, and, later, the intrusive nature of the withholding process. Some pointed out that a "heavy progressive or graduated income tax" was one plank in Karl Marx's Communist Manifesto.

Early opposition in the postwar era was relatively mild and consisted in large part of various campaigns to repeal the 16th Amendment. Of these, the most important were attempts to pass the so-called "Liberty Amendment." First introduced in Congress in 1952, it essentially tried to strengthen states' rights. However, in 1957 Congressman Elmer Hoffman of Illinois introduced a revised version of the Liberty Amendment that included a section mandating the abolition of income, estate and gift taxes. In this form, the amendment garnered considerable support among extreme right-wing conservatives as well as the budding libertarian movement.

In the late 1950s, Willis Stone became national chairman of the Liberty Amendment Committee and tried to raise support for the proposed amendment through a book, Action for Americans. Stone and the Committee were able to persuade several state legislatures (eventually nine) to request that Congress send the amendment to the states for ratification, but this fell far short of the requirements for a constitutional amendment. Since then, far-right conservatives have repeatedly tried to reintroduce the Liberty Amendment in Congress -- most recently by Congressman Ron Paul of Texas in 1998 -- but without any success. Given the costs of the Cold War and the simultaneous expansion of government services in the 1950s and 1960s, it is not surprising that Stone and the Liberty Amendment Committee had little chance of success.

Origins: 1950s
Background: An anti-government movement that believes that income taxes are illegitimate
Ideology: Anti-government, some white supremacist elements
Outreach: Books, manuals, seminars, radio shows, Web sites
Favorite arguments: Filing tax returns violates Fifth Amendment rights; the Sixteenth Amendment was never properly ratified; wages are not income; income taxes are voluntary; income taxes apply only to residents of Washington, D.C., and certain other limited areas
Criminal activity: Overall level of criminal activity is high, consisting mostly of attempts at tax evasion. Some tax protesters have engaged in large-scale scams and frauds. Violent incidents are also well-documented.

NYTimes | More than eight years after anthrax-laced letters killed five people and terrorized the country, the F.B.I. on Friday closed its investigation, adding eerie new details to its case that the 2001 attacks were carried out by Bruce E. Ivins, an Army biodefense expert who killed himself in 2008.

A 92-page report, which concludes what by many measures is the largest investigation in F.B.I. history, laid out the evidence against Dr. Ivins, including his equivocal answers when asked by a friend in a recorded conversation about whether he was the anthrax mailer.

“If I found out I was involved in some way...” Dr. Ivins said, not finishing the sentence. “I do not have any recollection of ever doing anything like that,” he said, adding, “I can tell you, I am not a killer at heart.” But in a 2008 e-mail message to a former colleague, one of many that reflected distress, Dr. Ivins wrote, “I can hurt, kill, and terrorize.” He added: “Go down low, low, low as you can go, then dig forever, and you’ll find me, my psyche.”

The report disclosed for the first time the F.B.I.’s theory that Dr. Ivins embedded in the notes mailed with the anthrax a complex coded message, based on DNA biochemistry, alluding to two female former colleagues with whom he was obsessed.

austin 911 simulation not an act of domestic terrorism?

WSJ | A pilot slammed his small plane into a seven-story building that housed the local office of the Internal Revenue Service Thursday, apparently killing himself and one agency employee, in what federal officials described as a deliberate suicide attack amid a long-running tax dispute.

Thursday was not the first time a tax protester went after an Austin IRS building. In 1995, Charles Ray Polk plotted to bomb the IRS Austin Service Center. He was released from prison in October of last year.

The tax protest movement has a long history in the U.S. and was a strong component of anti-government sentiments that surged during the 1990s. Anti-tax protesters typically believe that they do not have to pay income taxes. Some have been convicted in recent years for targeting IRS officials for harassment and even murder.

Officials said they were evaluating an antigovernment manifesto posted on the Internet earlier Thursday, signed "Joe Stack," which suggested he planned the crash. "Violence not only is the answer, it is the only answer," the author wrote toward the end of a tirade against the IRS posted at 9:12 a.m. on a Web site registered to Mr. Stack.

Officials labeled the crash a criminal, not terrorist, attack. "I consider this a criminal act by a lone individual," said Police Chief Art Acevedo.

Still, the North American Aerospace Defense Command launched two F-16 fighter aircraft to patrol the air after the crash. Spokesman Jamie Graybeal called it "a prudent precaution and consistent with our response to recent similar air incidents."

The White House said President Barack Obama was briefed on the plane crash after noon.

murder inc.

Guardian | With its cloned foreign passports, multiple disguises, state-of-the-art communications and the murder of alleged arms smuggler Mahmoud al-Mabhouh – one of the few elements of the plot that was not captured on the emirate's CCTV cameras – it is a riveting tale of professional chutzpah, violence and cold calculation. And with the Palestinian Islamist movement now vowing to take revenge, it seems grimly certain that it will bring more bloodshed in its wake.

The images from Dubai follow the biblical injunction (and the Mossad's old motto):"By way of deception thou shalt make war." The agency's job, its website explains more prosaically, is to "collect information, analyse intelligence and perform special covert operations beyond [Israel's] borders."

Founded in 1948 along with the new Jewish state, the Mossad largely stayed in the shadows in its early years. Yitzhak Shamir, a former Stern Gang terrorist and future prime minister, ran operations targeting German scientists who were helping Nasser's Egypt build rockets – foreshadowing later Israeli campaigns to disrupt Iraqi and (continuing) Iranian attempts to acquire nuclear and other weapons.

In western countries, including Britain, there was widespread anger at the 1,400 Palestinian casualties of the Gaza war. Barack Obama has declared the occupation "intolerable". Netanyahu heads the most rightwing coalition in Israel's history; his famous quip that the Middle East is a "tough neighbourhood" no longer seems to justify playing dirty.

Yet Israelis, and not just those on the right, worry that their very existence as an independent state is being de-legitimised. And, judging by the jobs section of the Mossad website, there are still plenty of opportunities for Israel's wannabe spies: challenging positions are available for researchers, analysts, security officers, codebreakers and other technical work. Speakers of Arabic and Persian are invited to apply to be intelligence officers.The work involves travel abroad and a "young and unconventional" environment.

It is a novelty of this episode that ordinary Israeli citizens are angry that their identities appear to have been stolen by their own government's secret servants – one reason why the Mossad chief Meir Dagan may find his days are numbered. But it is hard not to detect an undercurrent of popular admiration for the killers of Mabhouh. The day after the sensational CCTV images and passport photos were shown, the Israeli tennis champion Shahar Pe'er reached the quarter-finals of a major international competition in the emirate. "Another successful operation in Dubai," the Ynet website headlined its story.

Ofer Kasti, Haaretz's education correspondent, did not have his passport cloned, but he does bear a striking resemblance to the hit-squad member named as Kevin Daveron. "My mum rang and asked gently if I'd been abroad recently," he wrote. "Friends asked me why I hadn't brought back any cigarettes from the duty free shop in Dubai. I thought I sensed admiring glances in the street. 'Well done,' said an elderly woman who came up to me in the supermarket and clapped me the shoulder. 'You showed those Arabs.'"

state sponsored terrorism and murder

Guardian | This is no ripping yarn, but a murder to fan more conflict. The media may revel in a Mossad hit, yet Britain's response to a plot that could threaten its own citizens has been craven. Imagine for a moment what the reaction would be if ­Iranian ­intelligence was almost ­unversally believed to have ­assassinated a leader of one of the organisations fighting the Tehran government in a western-friendly state. Then consider how Britain, let alone the US, might respond if the killers had carried out the ­operation ­using forged or stolen passports of ­citizens of four European states, including Britain, with dual Iranian nationality.

You can be sure it would have ­triggered a major international storm, stentorian declarations about the threat of state-sponsored terrorism, and ­perhaps a debate at the UN ­security council, with demands for harsher ­sanctions against an increasingly ­dangerous Islamic republic.

Substitute Israel for Iran, and the first part of that scenario is exactly what happened in Dubai last month. A senior Hamas official, Mahmoud al-Mabhouh, was murdered in his hotel room in what was widely assumed from the start to be an operation by the Israeli intelligence service Mossad. Less than a month later, strong suspicion has turned to as good as certainty with the revelation that the hit team had used the passport identities of six Britons with dual nationality and currently ­living in Israel.

But instead of setting off a diplomatic backlash, the British government sat on its hands for almost a week after it was reportedly first passed details of the passport abuse. And while the Foreign Office finally summoned the Israeli ambassador to "share information", rather than protest, Gordon Brown could ­yesterday only promise a "full investigation".

In parallel with this languid official response, most of the British media has treated the assassination more as a ripping spy yarn than a bloody scandal which has put British citizens at greater risk by association with Mossad death squads. It was an "audacious hit", the Daily Mail enthused, straight out of a "Frederick Forsyth page-turner", while the Times revelled in an attack that resembled nothing so much as a "well-plotted ­murder mystery".

Running throughout all this is a breathless awe at Mossad's reputation for ruthless brilliance in seeking out and destroying Israel's enemies. In reality, the Dubai operation was badly bungled, as the Israeli press has already started to acknowledge. Despite having the relatively easy target of an unarmed man in a luxury hotel in a non-hostile Gulf state, Mossad managed to get its agents repeatedly caught on CCTV and effectively exposed Israel's responsibility through the hamfisted passport scam.

plant and ant symbiosis

Treehugger | The relationship between the tropical acacia plant and 'guard' ants that defend it from predators has long been a fascinating example of symbiosis in nature: the ants feed on the acacia's sugary nectar, and in turn aggressively sting and bite other animals that would eat and damage the plant. But it turns out that this arrangement might not be as friendly as previously thought. New research reveals that the acacia plant actually produces a chemical that drives the ants into a defensive frenzy--alternately persuading them to fight to protect it and banishing them from its flowers when convenient.

The old adage about truth being stranger than you-know-what certainly applies here. Scientific research has now shown us a case where a plant is deploying a chemical drug on a legion of ants to get it to do its bidding. If that were the plot of a sci-fi film, we'd call it mind control. But as usual, the actual evolutionary science is more interesting than any number of b-movies.

Researchers at the University of London have been studying how the ants and acacias could have co-evolved when they began to understand how truly complex their relationship was--and how vital the ants are to the plants' survival. So much so that the plants can 'persuade' the ants to attack other creatures--anything from spiders to giraffes--on their behalf. Fist tap Dale for providing a rich and complete riff in the key of subreality.

raj patel - food sovereignty

Fist tap Dale.

Part 2: Raj Patel, author of The Value of Nothing, explains what food sovereignty means, and why people around the world are fighting to have a say in their own food system. This is as much a fight for social and economic justice as it is a fight to protect the environment, along with the ability of communities, states, and nations to determine their own food and agriculture policies.

raj patel - the value of nothing

Fist tap Dale.

Part 1: Raj Patel, food activist, scholar, and author of two important books: Stuffed and Starved: The Hidden Battle for the World Food System and his new book (now on the New York Times Best Seller list), The Value of Nothing: How to Reshape Market Society and Redefine Democracy shares his views about our market driven economy, and what he sees as a necessary direction forward for civilization to survive, and people and communities to flourish.



In Patel’s new book, The Value of Nothing, he hones in on what it means to have corporate monopolies that can manipulate both price and supply, coupled with a “free market” philosophy that hijacks government oversight and public protection, where the price of something bears little relation with its true value.

freedom's laboratory

NYTimes | To say that the scientific frame of mind has played an important part in the rise of the West is not exactly controversial. Science always gets its moment in the spotlight in “Whig history,” as historians (dismissively) call grand narratives of political and material progress. In “The Science of Liberty,” the veteran science writer Timothy Ferris makes a more extravagant claim, assigning not a mere supporting role but top billing to the celebrated experimenters and inventors of the past several centuries. As he sees it, the standard account of the history textbooks — with the Renaissance giving rise to the Scientific Revolution and thus preparing the way for the Enlightenment — fails to identify the primary causal relationship. Democratic governance and individual rights did not emerge from some amorphous “brew of humanistic and scientific thinking,” he argues, but were “sparked” by science itself — the crucial “innovative ingredient” that “continues to foster political freedom today.”

Ferris, the author of “The Whole Shebang” and a number of other books about cosmology, usefully reminds us that science was an integral part of the intellectual equipment of the great pioneers of political and individual liberty. John Locke was not just the most eloquent philosophical advocate of the social contract and natural rights. He was an active member of the emerging scientific culture of 17th-century Oxford, and his intimates included Isaac Newton, who likewise was a radical Whig, supporting Parliament against the overreaching of the crown. Among the American founders, the scientific preoccupations of Franklin and Jefferson are well known, but Ferris emphasizes that they were hardly alone in their interests. He recounts a charming episode, for instance, in which George Washington and Thomas Paine floated together one night down a New Jersey creek, lighting cartridge paper at the water’s surface to determine whose theory was correct about the source of swamp gas. Ferris also neatly summarizes the prehistory of modern science’s ascent, with subtle takes on Galileo’s clash with church authorities and Francis Bacon’s inductive method.

The most engaging chapters in “The Science of Liberty” concern the dynamic interplay of technology and commerce. As Ferris recognizes, the seemingly irresistible spread of modern principles of liberty derives in large measure from the capacity of modern industrial democracies to deliver the goods in terms of general prosperity, health and diversion. The practical side of the scientific outlook has generated endless rounds of invention and innovation (Watt and his steam engine, Morse and his telegraph, Edison and his electric lights, etc.), and the human benefits of these time- and labor-saving improvements have been extended dramatically, if haltingly, by the free market. The singular insight of Adam Smith, Ferris writes, was to recognize that wealth creation and the production of material comforts might be “increased indefinitely if individuals are free to invest and to innovate.”

By this point in his ambitious narrative, however, Ferris has given up on any real effort to argue for the decisive influence of science as such. He is content to speak of science metaphorically, as the model for openness and experimentalism in all the major realms of liberal-democratic endeavor. Thus, just as in his account of Smith’s free-market economics, Ferris finds in the United States Constitution the underlying principle that citizens should “be free to experiment, assess the results and conduct new experiments.” The American Republic might be compared to “a scientific laboratory,” he writes, because it is designed “not to guide society toward a specified goal, but to sustain the experimental process itself.” Fist tap Nana.

robert bork, william baxter and the monopolization of america

Corporate Crime Reporter | You walk into your local convenience store and head to the cold walk-in beer room in the back.

The choice is overwhelming.

Budweiser, Michelob, Bud Light, Busch Light, Stella Artois, Grolsch, Kirin,Tsingtao, Corona, Negra Modelo, Rolling Rock, Widmer, Miller and Coors.

In fact, all of these beers are controlled by two companies.

MillerCoors under the direction of South African Breweries (SAB) and AnheuserBusch In Bev.

Two multinational corporations controlling the beer choices of 300 million Americans.

And it’s not just beer.

One single multinational corporation dominates the world supply of eyeglass stores.

One dominates the milk supply.

Barry Lynn goes down the list of industries.

And he finds a similar story across the board.

A handful of multinational corporations controlling each industry – or the supply chains of each industry.

Such dominant monopolies were illegal just thirty years ago.

But that all changed with Ronald Reagan and Robert Bork.

A corporatist oligarchy took hold.

President Obama has promised aggressive antitrust enforcement.

But Lynn says it’s pie in the sky.

the founders were not fundamentalists

Smirking Chimp | "God made the idiot for practice, and then He made the school board." --Mark Twain

The New York Times Sunday Magazine has highlighted yet another mob of extremists using the Texas School Board to baptize our children's textbooks.

This endless, ever-angry escalating assault on our Constitution by crusading theocrats could be obliterated with the effective incantation of two names: Benjamin Franklin, and Deganawidah.

But first, let's do some history:

1) Actual Founder-Presidents #2 through #6 -- John Adams, Thomas Jefferson, James Madison, James Monroe and John Quincy Adams -- were all freethinking Deists and Unitarians; what Christian precepts they embraced were moderate, tolerant and open-minded. (10 more like this on the list)

It's no accident today's fundamentalist crusaders and media bloviators (Rev. Limbaugh, St. Beck) seek to purge our children's texts of all native images except as they are being forceably converted or killed.

Today's fundamentalists would have DESPISED the actual Founders. Franklin's joyous, amply reciprocated love of women would evoke their limitless rage. Jefferson's paternities with his slave mistress Sally Hemings, Paine's attacks on the priesthood, Hamilton's bastardly philandering, the grassroots scorn for organized religion -- all would draw howls of righteous right-wing rage.

Which may be why theocratic fundamentalists are so desperate to sanitize and fictionalize what's real about our history.

God forbid our children should know of American Christians who embraced the Sermon on the Mount and renounced the Book of Revelations...or natives who established democracy on American soil long before they saw the first European...or actual Founders who got drunk, high and laid on their way to writing the Constitution.

Faith-based tyranny is anti-American. So are dishonest textbooks. It's time to fight them both.

scientists recent crime blotter

The Scientist | Last Friday, biology professor Amy Bishop shocked the country when she allegedly shot and killed three of her colleagues at the University of Alabama in Huntsville, purportedly motivated by the university's recent decision to deny her tenure. Although certainly one of the most heinous crimes in recent memory, it is by no means the first criminal offense to disturb the scientific community. Here is a timeline of some disquieting events from the last few years:

September 27, 2009: University of Maryland pharmacologist Clinton McCracken admitted to having bought a narcotic known as buprenorphine from an online company in the Philippines after his live-in fiancé, University of Maryland School of Medicine postdoc Carrie Elisabeth John, died of what was initially believed to be an overdose on the drug. Although John's autopsy later revealed that she had no drugs in her system -- instead, cause of death was attributed to an allergic reaction made worse by her asthma -- McCracken was charged with multiple drug offenses, to which he pled not guilty at a hearing last December. His trial is set for March 25 in Baltimore Circuit Court.

September 13, 2009: The body of 24-year-old Annie Le, a doctoral student at Yale School of Medicine's Department of Pharmacology, was found inside a wall in the laboratory building where she was last seen. Four days later, police arrested Yale lab tech Raymond J. Clark, III, who pled not guilty for her murder at his January 26 hearing. His pretrial hearing is scheduled for March 3, 2010 in New Haven.

August 26, 2009: Six Harvard University Medical School researchers found themselves in the emergency room after drinking coffee that turned out to be contaminated with sodium azide, a toxic preservative commonly used in scientific laboratories. Last month, Harvard police closed the active phase of their investigation without conclusion, leaving open the question of whether the poisoning was intentional or a result of poor lab safety. (plenty more at source)

separate justice system thwarts background checks

AP | In the days since Friday's shooting, revelations about Amy Bishop's past have raised questions about whether much of the violence could have been prevented. In the latest twist, police said Tuesday that Bishop had also been charged with assaulting a woman in 2002 during a tirade over a child's booster seat at a restaurant.

On Tuesday, the 44-year-old Bishop was under extra guard at an Alabama jail. Students and victims' relatives want to know how someone with such a tortured past could ever have been hired at a state university.

"Do they not do background checks on teachers? How did all this slip through the cracks?" nursing student Caitlin Phillips asked.

University President David B. Williams defended the decision to hire Bishop. He said a review of her personnel file and her hiring file raised no red flags.

Police ran a criminal background check Monday, after she was charged with one count of capital murder and three counts of attempted murder.

"Even now, nothing came up," Williams said.

disgust sensitivity as a predictor of political attitudes

allacademic | Traditional explanations of individual-level variation in political attitudes have emphasized events occurring in the immediate political environment but recent research has started to include baseline dispositional variations in biological traits. In this paper, we continue this trend by analyzing the relationship between political issue preferences and physiological responses to disgusting images. Previously published research reports a connection between disgust sensitivity and certain political orientations, such as those pertaining specifically to homosexuality as well as broader collections of left-right issues, but has relied only on self-reports of disgust sensitivity. Given that self-reports are often inaccurate, we instead record and analyze involuntary measures of disgust sensitivity; particularly, skin conductance and startle blink EMG response. These long-accepted psycho-physiological measures permit a richer and more meaningful test of the possibility that some issue preferences are at least partially shaped by bedrock physiological orientations to generic rather than overtly political stimuli.

tea party rebellion on the right

NYTimes | Pam Stout has not always lived in fear of her government. She remembers her years working in federal housing programs, watching government lift struggling families with job training and education. She beams at the memory of helping a Vietnamese woman get into junior college.

But all that was before the Great Recession and the bank bailouts, before Barack Obama took the White House by promising sweeping change on multiple fronts, before her son lost his job and his house. Mrs. Stout said she awoke to see Washington as a threat, a place where crisis is manipulated — even manufactured — by both parties to grab power.

She was happily retired, and had never been active politically. But last April, she went to her first Tea Party rally, then to a meeting of the Sandpoint Tea Party Patriots. She did not know a soul, yet when they began electing board members, she stood up, swallowed hard, and nominated herself for president. “I was like, ‘Did I really just do that?’ ” she recalled.

Then she went even further.

Worried about hyperinflation, social unrest or even martial law, she and her Tea Party members joined a coalition, Friends for Liberty, that includes representatives from Glenn Beck’s 9/12 Project, the John Birch Society, and Oath Keepers, a new player in a resurgent militia movement.

When Friends for Liberty held its first public event, Mrs. Stout listened as Richard Mack, a former Arizona sheriff, brought 1,400 people to their feet with a speech about confronting a despotic federal government. Mrs. Stout said she felt as if she had been handed a road map to rebellion. Members of her family, she said, think she has disappeared down a rabbit hole of conspiracy theories. But Mrs. Stout said she has never felt so engaged.

“I can’t go on being the shy, quiet me,” she said. “I need to stand up.”

The Tea Party movement has become a platform for conservative populist discontent, a force in Republican politics for revival, as it was in the Massachusetts Senate election, or for division. But it is also about the profound private transformation of people like Mrs. Stout, people who not long ago were not especially interested in politics, yet now say they are bracing for tyranny.

These people are part of a significant undercurrent within the Tea Party movement that has less in common with the Republican Party than with the Patriot movement, a brand of politics historically associated with libertarians, militia groups, anti-immigration advocates and those who argue for the abolition of the Federal Reserve.

tea partiers at the big tent

WaPo | About 50 leaders of the grass-roots "tea party" movement will meet in Washington on Tuesday with Republican National Committee Chairman Michael S. Steele and other top GOP operatives to discuss campaign strategies and conservative principles.

The afternoon meeting on Capitol Hill will mark the first time that a broad coalition of tea party organizers -- who have railed against both the Democratic and the Republican establishments -- will sit down with GOP leaders. Top Republican leaders have been openly courting the organizers, looking to marshal grass-roots energy heading into November's midterm elections.

Karin Hoffman, founder of DC Works For Us, a tea party group in South Florida, said she initiated the meeting by approaching Steele last month and asking him to sit down with a range of tea party organizers. She said her goal is to open a civil dialogue with the GOP leadership, but she dismissed any suggestion that tea party groups might merge with the Republican Party.

"From the get-go, the grass-roots movement emerged from people desiring to be heard and not feeling like their voices are being heard in Washington," Hoffman said in an interview. "This is the beginning of a formal discussion with the political establishment."

RNC spokeswoman Katie Wright said Steele plans to listen to concerns of tea party leaders and hopes to discuss such issues as lower taxes and smaller government. "The chairman believes it is extremely important to listen to this significant grass-roots movement and work to find common ground in order to elect officials that will protect these principles," she said.

NYTimes | When after many months of careful tending, Sarah Cseke reached a milestone in her graduate student research, she went straight to the office of the busy chairman of the biology department at the University of Alabama in Huntsville, Gopi Podila, to share the triumphal moment.

“I knocked on his door with a petri dish full of hairy roots, and he actually came to the door and took the time to look at it,” she said. “He was just as happy as I was.”

On Friday, the biology department at the university lost Dr. Podila, 52, and two other faculty members in a hail of gunfire at an afternoon faculty meeting. A colleague with a Harvard Ph.D., Amy Bishop, is charged with capital murder. Another professor and the department administrator are still in the hospital in critical condition.

The deaths have left a small, close-knit department trying to pick up the pieces without either its leader, Dr. Podila, or the person colleagues described as its “glue,” Stephanie Monticciolo, 62, the administrator, who doles out hugs and birthday reminders. Ms. Monticciolo is in the hospital with a gunshot wound to the head.

The two other people killed were Maria Ragland Davis, 50, and Adriel Johnson, 52, described as professors who spent hours of extra time helping students. A colleague, Joseph Leahy, 50, a microbiology professor known for his zesty lectures, remained hospitalized with a head wound.

“They will leave a large hole in our department,” said Debra Moriarity, a biology professor and the dean of the university’s graduate program.

the making of a euromess

NYTimes | Lately, financial news has been dominated by reports from Greece and other nations on the European periphery. And rightly so.

But I’ve been troubled by reporting that focuses almost exclusively on European debts and deficits, conveying the impression that it’s all about government profligacy — and feeding into the narrative of our own deficit hawks, who want to slash spending even in the face of mass unemployment, and hold Greece up as an object lesson of what will happen if we don’t.

For the truth is that lack of fiscal discipline isn’t the whole, or even the main, source of Europe’s troubles — not even in Greece, whose government was indeed irresponsible (and hid its irresponsibility with creative accounting).

No, the real story behind the euromess lies not in the profligacy of politicians but in the arrogance of elites — specifically, the policy elites who pushed Europe into adopting a single currency well before the continent was ready for such an experiment.

Consider the case of Spain, which on the eve of the crisis appeared to be a model fiscal citizen. Its debts were low — 43 percent of G.D.P. in 2007, compared with 66 percent in Germany. It was running budget surpluses. And it had exemplary bank regulation.

But with its warm weather and beaches, Spain was also the Florida of Europe — and like Florida, it experienced a huge housing boom. The financing for this boom came largely from outside the country: there were giant inflows of capital from the rest of Europe, Germany in particular.

how christian were the founders?

NYTimes | The cultural roots of the Texas showdown may be said to date to the late 1980s, when, in the wake of his failed presidential effort, the Rev. Pat Robertson founded the Christian Coalition partly on the logic that conservative Christians should focus their energies at the grass-roots level. One strategy was to put candidates forward for state and local school-board elections — Robertson’s protégé, Ralph Reed, once said, “I would rather have a thousand school-board members than one president and no school-board members” — and Texas was a beachhead. Since the election of two Christian conservatives in 2006, there are now seven on the Texas state board who are quite open about the fact that they vote in concert to advance a Christian agenda. “They do vote as a bloc,” Pat Hardy, a board member who considers herself a conservative Republican but who stands apart from the Christian faction, told me. “They work consciously to pull one more vote in with them on an issue so they’ll have a majority.”

This year’s social-studies review has drawn the most attention for the battles over what names should be included in the roll call of history. But while ignoring Kennedy and upgrading Gingrich are significant moves, something more fundamental is on the agenda. The one thing that underlies the entire program of the nation’s Christian conservative activists is, naturally, religion. But it isn’t merely the case that their Christian orientation shapes their opinions on gay marriage, abortion and government spending. More elementally, they hold that the United States was founded by devout Christians and according to biblical precepts. This belief provides what they consider not only a theological but also, ultimately, a judicial grounding to their positions on social questions. When they proclaim that the United States is a “Christian nation,” they are not referring to the percentage of the population that ticks a certain box in a survey or census but to the country’s roots and the intent of the founders.

The Christian “truth” about America’s founding has long been taught in Christian schools, but not beyond. Recently, however — perhaps out of ire at what they see as an aggressive, secular, liberal agenda in Washington and perhaps also because they sense an opening in the battle, a sudden weakness in the lines of the secularists — some activists decided that the time was right to try to reshape the history that children in public schools study. Succeeding at this would help them toward their ultimate goal of reshaping American society. As Cynthia Dunbar, another Christian activist on the Texas board, put it, “The philosophy of the classroom in one generation will be the philosophy of the government in the next.”

yes you are - so deal with it sissies!

WaPo | It's not often that one of the creators of our new digital culture comes forward to say: I made a mistake; this is not what I intended.

But Jaron Lanier, a pioneer in the invention of virtual reality, has done just that. Breaking with the ideas of technology-boosting friends and colleagues, such as Kevin Kelly, former executive editor of Wired magazine, and Chris Anderson, Wired's current editor, he goes so far as to call them "digital Maoists."

A self-confessed "humanistic softie," Lanier is fighting to wrest control of technology from the "ascendant tribe" of technologists who believe that wisdom emerges from vast crowds, rather than from distinct, individual human beings. According to Lanier, the Internet designs made by that "winning subculture" degrade the very definition of humanness. The saddest example comes from young people who brag of their thousands of friends on Facebook. To them, Lanier replies that this "can only be true if the idea of friendship is reduced."

Anyone who has followed technology and for years has resented the adoration heaped upon the ascendant tribe will positively swoon as Lanier throws into one great dustbin such sacred concepts as Web 2.0, singularity, hive mind, wikis, the long tail, the noosphere, the cloud, snippets, crowds, social networking and the Creative Commons -- dismissing them all as "cybernetic totalism" and, more fun yet, as potential "fascism."

The "cybernetic totalists" base their thinking on decades-old ideas known as "chaos" or "complexity" theory, which began with a question about ants: How does something as complex as a colony arise from the interactions of dumb ants? This approach can be useful if one is studying mass phenomena such as traffic jams. The problem comes when we try to apply ant-derived thinking to people who are trying to lead creative, expressive lives.

why are liberals so condescending?

WaPo | It's an odd time for liberals to feel smug. But even with Democratic fortunes on the wane, leading liberals insist that they have almost nothing to learn from conservatives. Many Democrats describe their troubles simply as a PR challenge, a combination of conservative misinformation -- as when Obama charges that critics of health-care reform are peddling fake fears of a "Bolshevik plot" -- and the country's failure to grasp great liberal accomplishments. "We were so busy just getting stuff done . . . that I think we lost some of that sense of speaking directly to the American people about what their core values are," the president told ABC's George Stephanopoulos in a recent interview. The benighted public is either uncomprehending or deliberately misinformed (by conservatives).

This condescension is part of a liberal tradition that for generations has impoverished American debates over the economy, society and the functions of government -- and threatens to do so again today, when dialogue would be more valuable than ever.

Liberals have dismissed conservative thinking for decades, a tendency encapsulated by Lionel Trilling's 1950 remark that conservatives do not "express themselves in ideas but only in action or in irritable mental gestures which seek to resemble ideas." During the 1950s and '60s, liberals trivialized the nascent conservative movement. Prominent studies and journalistic accounts of right-wing politics at the time stressed paranoia, intolerance and insecurity, rendering conservative thought more a psychiatric disorder than a rival. In 1962, Richard Hofstadter referred to "the Manichaean style of thought, the apocalyptic tendencies, the love of mystification, the intolerance of compromise that are observable in the right-wing mind."

This sense of liberal intellectual superiority dropped off during the economic woes of the 1970s and the Reagan boom of the 1980s. (Jimmy Carter's presidency, buffeted by economic and national security challenges, generated perhaps the clearest episode of liberal self-doubt.) But these days, liberal confidence and its companion disdain for conservative thinking are back with a vengeance, finding energetic expression in politicians' speeches, top-selling books, historical works and the blogosphere. This attitude comes in the form of four major narratives about who conservatives are and how they think and function.

u.k. industry task force on peak oil

PeakOilTaskForce | On 10 February 2010 at the Royal Society, six UK companies - Arup, Foster + Partners, Scottish and Southern Energy, Solarcentury, Stagecoach Group and Virgin - joined together to launch the second report of the UK Industry Task-Force on Peak Oil and Energy Security (ITPOES).

The report, titled “The Oil Crunch - a wake-up call for the UK economy”, finds that oil shortages, insecurity of supply and price volatility will destabilise economic, political and social activity within five years.

The Task-Force warns that the UK must not be caught out by the oil crunch in the same way it was with the credit crunch and states that policies to address Peak Oil must be a priority for the new government formed after the 2010 election.

a disadvantaged class?

Essential Lists | One of the most astounding passages in the Supreme Court's mind-boggling decision in Citizens United v. Federal Election Commission -- the January decision holding that corporations have a First Amendment right to spend as much as they choose from their treasuries to support or oppose candidates for elected office -- is this:

"[T]he Government may commit a constitutional wrong when by law it identifies certain preferred speakers. By taking the right to speak from some and giving it to others, the Government deprives the disadvantaged person or class of the right to use speech to strive to establish worth, standing, and respect for the speakers voice. The First Amendment protects speech and speaker, and the ideas that flow from each."

This ode to the First Amendment is inspiring, until you recognize that the "disadvantaged class" reference is to corporations.

When it comes to speech protections, there are surely many rational ways to distinguish corporations from real, live persons. One is that corporations are not real, live persons! Another is that for-profit corporations exist for the purpose of making money, and that this monomaniacal focus distinguishes them in very important ways from humans, who care not only about making money, but building community, expressing themselves, fairness, equality, justice, protecting future generations, stewarding the planet and much more. And other consequential difference, compounding these other points of difference, is that large and even not-so-large corporations have a lot more money, and can easily mobilize resources on a scale that vastly outdistances anything that real people can do.

Thus the rather obvious conclusion that corporate money can distort elections and the political process. This is hardly speculative: large corporations dominated the political process even before Citizens United, a fact widely understood. Eighty-five percent of people in the United States believe big business has too much power in Washington.

What may not be quite so obvious is how extraordinary are the resources that corporations can mobilize as against what is now spent on elections.

Consider these juxtapositions -- (the list is impressive and footnoted w/links)

political science..,

NYTimes | Three faculty members at the University of Alabama in Huntsville were shot to death, and three other people were seriously wounded at a biology faculty meeting on Friday afternoon, university officials said.

The Associated Press reported that a biology professor, identified as Amy Bishop, was charged with murder.

According to a faculty member, the professor had applied for tenure, been turned down, and appealed the decision. She learned on Friday that she had been denied once again.

The newspaper identified Dr. Bishop as a Harvard-educated neuroscientist. According to a 2006 profile in the newspaper, Dr. Bishop invented a portable cell growth incubator with her husband, Jim Anderson. Police officials said that Mr. Anderson was being detained, but they did not call him a suspect.

Photographs of a suspect being led from the scene by the police appeared to match images of Dr. Bishop on academic and technology Web sites.

Dr. Bishop had told acquaintances recently that she was worried about getting tenure, said a business associate who met her at a business technology open house at the end of January and asked not to be named because of the close-knit nature of the science community in Huntsville.

at 500% net liability to GDP - G7 collapse inevitable

Zerohedge | For Greece, with on and off balance sheet liabilities at over 800%, it's game over. For the Eurozone, with the same ratio at about 500%, it is also game over. For the US, at 500%+, it is, you guessed it (sorry Joseph Stiglitz), game over, but since we have the printers, it will simply take a little longer. Please don't read this if you want to keep believing there is any hope left for the (developed) world.

As noted earlier on Zero Hedge, in Europe the population is a little less brainwashed by the moronic happenings on prime time TV, so while in America the destruction of the economic system, as trillions are transferred to the kleptocracy which knows fully well the end game is nigh, results in some sighs of desperation at best, in Europe the outcome will be somewhat more violent.

And in case you were wondering why all European leaders are powerless to provide a bailout proposal that actually has a snowball's chance in hell of doing something/anything to help Greece, read on. Alternatively, if you want to find out why any plan suggested on Monday will be thoroughly useless and once digested by the market will cause another major crash, read on as well.

The pressure to tighten fiscal policy from current nose-bleed levels of deficits is not just an issue for crisis hit Greece. It is an issue for virtually all economies. It is a particular issue for the US and UK with structural (cyclically adjusted) general government deficits of almost 10% of GDP (according to the OECD)! There is a ferocious debate ongoing between those who believe there needs to be a rapid reduction in these deficits to avoid some combination of insolvency/default/rapid inflation and those who believe that there should be even more fiscal stimulus. The debate is loud and opinions are tending to be polarised.

My own view on this is that obviously we should never have got into this wholly avoidable mess in the first place. But having got here, there really is no way out that does not trigger a major market-moving upheaval. Ultimately economic prosperity over the past decade has been a sham: a totally unsustainable Ponzi scheme built on a mountain of private sector debt.GDP has simply been brought forward from the future and now it's payback time. The trouble is that, as the private sector debt unwinds, there is no political appetite to allow GDP to decline to its "correct" level as this would involve a depression. So burgeoning public sector deficits and Quantitative Easing are required to maintain the fig-leaf of continued prosperity.

And here is the topic that will dominate over all pundit round table discussions in the next weeks: the entire world is insolvent, although some are more insolvent than others. Greek total net liabilities (on and off balance sheet) to GDP are 800%! EU: at 470%, the US, at over 500%. There is no way out but default.

cap ain't lied.....,

Yahoonews | Since 1941, Captain America has been one of the most popular comic book characters around. The fictional super-patriot fought Nazis during World War II, took on those who burned the American flag during the Vietnam era, and raked in hundreds of millions of dollars for Marvel Comics along the way. Now, the appearance that he is taking on the Tea Party Movement in a storyline about investigating white supremacists has forced Marvel to apologize for the comic hero.

Issue 602 of the comic features Captain America investigating a right-wing anti-government militia group called "the Watchdogs". Hoping to infiltrate the group, Captain America and his African-American sidekick The Falcon observe an anti-tax protest from a rooftop. The protestors depicted are all white and carry signs adorned with slogans almost identical to those seen today in Tea Party rallies like "tea bag libs before they tea bag you" and "stop the socialists."

The Falcon mentions that the gathering appears to be "some kind of anti-tax protest" and notes that "this whole 'hate the government' vibe isn't limited to the Watchdogs." He then tells Captain America that he doesn't think their plan will work because "I don't exactly see a black man from Harlem fitting in with a bunch of angry white folks." Captain America then explains that his plan entails sending The Falcon in among the group posing as an IRS agent under the thinking that a black government official will most certainly spark their anger.

The clear implicit attack on the Tea Party Movement was first noticed by Publius' Forum's Warner Todd Huston. When a minor uproar ensued, Marvel Comics editor-in-chief Joe Quesada spoke to Comic Book Resources and defended the issue while apologizing for the panel that seemed to tie real-life Tea Party protesters to the fictional group depicted in the book.