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blended purple june 2012 skip to main skip to sidebar blended purple they want obedient workers blogs richard wolff from the greek streets real world econ counterpunch naked capitalism arabawy doug henwood louis proyect angry arab dean baker economist s view atrios the activist american leftist cafe americain michael perelman michael pettis brad de long calculated risk econbrowser mike whitney volatility lenin s tomb national security archive economic related resources esa economic indicators world bank data query bureau of labor statistics u s e u economic statistics eia petroleum navigator household debt u s capacity utilization u s eia world oil transit fed funds rate historical baltic dry index u s rail traffic statistics bureau japan trade statistics japan shiller online data u of michigan consumer sentiment u n statistical division imf voting percentages fed household debt survey currency converter u s business cycles u s housing inventory charts u s private investment 2006 2009 federal tax receipts gdp sources of u s corporate profits 1970 2008 fed funds rate 1980 2008 net exports as of us gdp 1970 2008 personal consumption as of us gdp 1970 2008 fertility rates by continent 1950 2010 manufacturing as of gdp us and world 1970 2007 music links imslp petrucci music library pitch frequencies physics of music musical chairs about me purple interested in the intersections of various fields of study degrees in music after many thousands of gigs have retired from the world of the wage labor musician extensive living experience in working class communities in south east asia live off the land and consult on matters of personal expertise enjoy tinkering with ideas and the like view my complete profile friday june 29 2012 still expensive and inaccesible thanks to so called obamacare it s become almost impossible to get low cost medicine from canada we are now trapped without recourse into accepting the outrageous prices that u s drug companies put on their recently patented medications one example of how medicine in the u s will continue to be the most expensive in the world with the worst results and congress now has the precedent to force you to buy anything they want overall it s worth remembering for the left that this was a law written by the heritage foundation in the 90 s exemplifying how far right the country has swung in just a few years posted by purple at 5 20 am no comments monday june 25 2012 the genocide of the uninsured some 26 100 working age americans died prematurely in 2010 as a consequence of being uninsured a new study from liberal think tank families usa estimates using methodology established by the institute of medicine iom families usa calculated that between 2005 and 2010 the number of uninsured people aged 25 64 who died prematurely rose from 20 350 to 26 100 the total number of deaths due to lack of health coverage over this period was estimated at 134 120 1 the genius of capitalism is that premature death is regarded not as systemic failure but as a matter of personal choice 1 tens of thousands die in the us due to lack of health insurance wsws posted by purple at 9 54 pm 1 comment sunday june 24 2012 just in case you forgot it s not often that prominent leaders of superpowers warn of nuclear war russian prime minister dmitry medvedev on may 17 during a legal forum ahead of his participation to the g8 summit at camp david warned western powers stating that a military intervention in the affairs of sovereign states could lead to war even nuclear war russian prime minister clearly referred to his country s position contrary to the western powers on issues such as syria and elsewhere in the middle east the introduction of all sorts of collective sanctions bypassing international institutions does not improve the situation in the world while reckless military operations in foreign states usually end up with radicals coming to power medvedev said at some point such actions which undermine state sovereignty may well end in a full blown regional war and even i m not trying to spook anyone the use of nuclear weapons he told a legal forum in st petersburg 91 the breakdown of the global capitalist system really is leading us into a 1930 s type of situation 1 medvedev warns of nuclear war posted by purple at 8 09 am no comments saturday june 23 2012 capitalism what is it good for capitalism doesn t have much to offer if it can t provide an increasing standard of living even at it s best it is highly unstable prone to crisis deeply unequal and in general alienating with 30 years of wage stagnation in the u s neo liberal economists increasingly have had to point to china and other emerging economies as proof that capitalism still works in its fulfilling its main promise even if those countries achieved success by ignoring almost all neo liberal advice and i would argue that the rise of some of the developing world has merely exacerbated the structural issues in the global capitalist system basically a world economy reliant on a u s consumer to soak up excess capacity a consumer now broke and underemployed posted by purple at 8 41 am 2 comments wednesday june 20 2012 another impeachment and failed presidency america continues on its path towards kleptocratic 3rd world status posted by purple at 8 49 am no comments monday june 18 2012 the opposing currents in capitalism the good thing for syriza in losing this election is it won t be blamed when the euro edifice collapses as it surely will spanish bond yields hit a euro era record high today what is going on is classic marxian dialectic the historical rooting of capitalism in a national bourgeoisie versus the need of capital for international integration as a component of efficiency and there has never been a case when the former lost out to the latter the roots are too strong the u s the supposed model for the e u was never a collection of separate countries posted by purple at 1 32 am 1 comment friday june 15 2012 greeks work more than germans the average german worker posted 1 419 hours annually in 2012 while the greek worker put in 2 109 hours the issue isn t who is lazy it is the technological capabilities of their respective businesses greece as with all under developed countries has a weak bourgeoisie with weak levels of capital and educational investment oecd stats posted by purple at 5 52 am no comments the best rejoinder is reality so how s that capitalism working out for you a good piece of evidence that capitalism is in crisis are the increasingly loud exclamations to return to a real capitalism reminds one of the cries that the ussr was not a real communism posted by purple at 5 07 am no comments wednesday june 13 2012 declaring war on declaring war posted by purple at 4 07 pm no comments tsipras and syriza i m no expert but it seems to me much of what is driving syriza s popularity is a simple anti corruption and anti elite message this is also the type of thing most people latch onto even if the fact a legislator drives around in a rolls is mathematically inconsequential in the context of a major economy greece is up against a wall regardless of the political affiliation of whoever wins power sunday which i expect to be syriza posted by purple at 1 13 pm no comments thursday june 7 2012 the clarity of marxist analysis a lot to take from this post euro end game michael roberts posted by purple at 8 37 am no comments the generous nfl cause anyone with a pension is fortunate blessed overall the nfl in partnership with the nflpa has spent more than a billion dollars on pensions medical and disability benefits for retired players no mention of collective bargaining or the enormous sums of money players generate for a group of parasitic owners 1 lawsuit nfl hid brain injury links nfl posted by purple at 8 34 am no comments what is democracy in democracy the best idea and the best application wins there is no doubt that as our society becomes more anti democratic we will become poorer in all respects materially spiritual and culturally posted by purple at 1 15 am no comments wednesday june 6 2012 land of the meek and cowed perhaps the debacle last night in wisconsin will refocus people s attention on just how reactionary the u s political landscape is things continue to get worse not better in california several large cities slashed pensions for their public service employees the basic attitude here is one of resentment and selfishness not of lifting people up but of driving other people down we can blame the ruling class all we want but this is all happening with the acquiescence of the people i always tell young people unambiguously to leave the u s if at all feasible the future here is not going to be pleasant better even to live in a country where there is more poverty but more humanity and of course there are many other countries with more robust middle classes if that is what one desires posted by purple at 5 44 pm 1 comment tuesday june 5 2012 going down in flames in wisconsin unions look headed to an epic defeat in wisconsin their strategy will be in tatters along with their legitimacy in what should be a very friendly state not sure where they go from here p s dixie will really win in the end it s more and more clear with each year p p s the union leadership responsible for this political disaster should resign or be fired posted by purple at 1 33 pm no comments sunday june 3 2012 because the united states is the only place where one can be happy a smarter more open immigration policy can do much to create jobs and boost growth the u s annually issues just 65 000 h 1b visas for highly skilled immigrants with 20 000 more going to foreign professionals who graduate from a u s university with a master s or doctoral degree yet in 2011 more than 150 000 students from china alone were studying in the u s roughly 40 percent of international students receive u s based grants or scholarships in effect the u s invests heavily in the education of foreigners most of whom are enrolled in the science related fields that fuel high wage employment and then prohibits them from pursuing job opportunities allowing other nations to reap the benefits 1 the u s isn t the only place in the world to be happy and increasingly there is little reason to be here probably a majority of skilled labor immigrants don t even want to stay here they want to go home to be with their friends family and culture they only come for the schools and cache of an american university education if you are professionally educated in much of the developing world you can if you want have an entire fleet of servants nannies and attendants you will live in place where everything is cheaper you can save and buy things with cash health care is cheap if you live in the u s you will have none of that plus you re in an economy with almost no wage growth the inability to retain foreign talent has almost nothing to do with visa difficulties 1 help u s economy with visas for the best and brightest bloomberg posted by purple at 10 44 am no comments saturday june 2 2012 the limited prospects for reversing american economic and political decline a long title based on the poll numbers for guantanamo and obama s kill list they have almost unanimous support across the political spectrum of this country except for a tiny sliver of the libertarian right and the radical and liberal left or about 10 we aren t afraid anymore we are just mostly a nasty group of people and like anyone with a nasty personality there is a lot of self inflicted punishment also we aren t exceptional and it is going to very hard for most americans to realize this over the coming years posted by purple at 6 55 pm no comments newer posts older posts home subscribe to posts atom cops 1979 volcker imposes discipline the standard of living of the average american has to decline but the wealthy of course will maintain or improve their standard some getting to be much older posts music and class race to the bottom imperialism and the piano privatizing our language if china bordered the united states they don t want an educated population does the consumption rate matter rfid implants for every american worker the other trade deficit with china and its resolution silver and opium the end of the post world war 2 order the new reserve army of the unemployed the u s congratulates itself on diversity as inequality hits record heights can atheists get their own bls category our patriotic dna database too much capacity too little demand divide et impera the limits of identity politics the end of the population boom avoiding math and science a hypothesis capitalism and regionalism liberty equity franternity the americans are lazy meme interviews and other links the stench of us economic decay grows stronger p c roberts zhao dongmin a chinese activist who will never win the nobel esteban morales corruption the true counter revolution reform the international monetary system people s bank of china u s constitution storm clouds over globalization historical spheres of influence maps america s head servant hong ho fung over production is the heart of the crisis robert brenner the shadow cia china and the crisis of over production walden bello fall of the roman republic bbc synopsis bretton woods bbc synopsis various quotes keynes income inequality marx venice holland britian u s to marx equilbrium in capitalism marx how pacific trade will eclipse atlantic leisure time versus laziness thomas friedman aesop betrand russell will rogers montek ahluwalia chuck prince andrew mellon cecil rhodes blended purple archive january 1 november 2 october 6 september 20 august 5 june 17 may 22 april 27 march 6 february 16 january 16 december 14 november 13 october 19 september 18 august 22 july 16 june 5 may 10 april 19 march 13 february 44 january 23 december 8 november 22 october 30 september 21 august 25 july 29 june 19 may 21 april 22 february 38 january 20 december 23 november 20 october 35 september 41 august 21 july 13 june 13 may 16 april 20 march 21 february 20 january 19 december 15 november 5 april 4 march 3 february 1 january 6 august 5