“At length we arrive at the topic of Peron’s return to power.
“I’m so bored. I hate my life.” - Britney Spears
Das Langweilige ist interessant geworden, weil das Interessante angefangen hat langweilig zu werden. – Thomas Mann
"Never for money/always for love" - The Talking Heads
Friday, February 07, 2025
Borges on Trump (sort of)
Thursday, February 06, 2025
Where'd you go, Magnus Hirschfeld, our nation turns its lonely eyes to you
Monday, February 03, 2025
The turning point: watching our structures of governance tumble down
Sunday, February 02, 2025
Ladies and Gentlemen, I give you the Underwood Tariff act of 1913
Now is the time, Ladies and Germs, to think about... the Underwood Tariff act of 1913. When Trump insisted on renaming Mount Denali Mount McKinley, maybe he was being more than the Loony Tunes character he usually plays. Maybe it was a hint. The Underwood Act coupled tariff reductions and income tax. The income tax, brand spanking new from the 16th amendment, was not a mass tax. It was conceived as a class tax - the working and middle class was not the primary target. The wealthy were. It was the rare middle class worker who paid federal income tax up until the 50s. Government, in the pre-income tax days, ran on revenue from tariffs. There were other sources, but tariffs were the bulk of it. Now, consider a crazy person - lets name him Elon M. - who wants pretty much to abolish income tax on the wealthy. Well, how are you going to pay your soldiers, and more importantly, your defense contractors? How about - going back to the tried and true? The system of William McKinley.
Saturday, February 01, 2025
For a future history of the United States: where are the oligarchs?
It would be an odd history of Britain, or France, or Spain, etc., which ignored the role of the aristocracy throughout the early modern period and on through the 19th century.
But exactly that oddness is a keynote of the grand narrative
of American history. Muckrakers, like Ferdinand Lundberg, the muckraking author
of various books about the superrich, or Mathew Josephson, who wrote a memorable
book about the Robber Barons, are definitely on the outskirts of American
historiography. That historiography even lacks an anthropological account of American
capital, something that would conceptualize the admixture of clan wealth and
the corporate legal structure to get at the experience of power in the United
States.
Myself, I take the term bratva, the Russian argot applying
to criminal gangs as associations of “brothers”, as a good overall term that
applies to American plutocracy.
Lately, of course, we have our mouths and eyes full of
plutocracy. From Joe Biden giving a (choke) medal of freedom to the founder of
the Carlyle Group (so much for the regulation of private equity on the Dem side
of the equation) to the obvy influence of Musk, a billionaire, on our
billionaire prez, Trump, they are here to tell us: we’ve always been here.
Yet though this headless heedless nuclear armed country is
led by the most incestuous products of the boardroom and bedroom, I see few
calls to go back to the muckraker classics. In the Neolib era, we are supposed
to forget those embarrassing vulgarians, gawping at the felonious hijinks of
those who made their piles in the 19th and 20th centuries.
A pity. On the list of books about America that are taught
in cultural studies classrooms, I imagine few have a place for the Superrich or
The Robber Barons.
Lundberg did have some rightwing populist leanings – but Josephson
was my angelic ideal, combining an acute literary sensibility (one of the twenties
exiles in Paris, a litterateur who wrote a memoir entitled Life among the
Surrealists) with a solid career at Fortune, back when Agee worked there and
you could visit Whittacker Chambers in his office at the other Luce publication,
Time Magazine, by taking the elevator.
Chambers, of course, was in a Manichean struggle with
Communism. Josephson, though, had his eyes on the prize. The Vanderbilts. The Rockefellers.
The Morgans.
The Robber Barons came out at the right time, when a
combination of Republican populists from the West and Democratic New Dealers
from the East were making robber barons quite uncomfortable with their
questions and committees – for instance, the Nye committee and its questions
about J.P. Morgan’s profiteering in WWI. In the Eisenhauer era and up to the
present, the conservative counter-attack on the “robber baron” myth is very,
very concerned that we see these “entrepreneurs” in a sober light as, well,
geniuses and our heroes. Every bratva has its minstrel.
Josephson quotes the Beards, those permanently unfashionable
populist historians, in the introduction to his book:
“These men were robber barons as were their medieval
counterparts, the dominating figures of an aggressive economic age.
In any case, "to draw the American scene as it unfolded
between the Civil War and the end of the nineteenth century, without these
dominant figures looming in the foreground, is to make a shadow picture,"
as the Beards have written. "To put in the presidents and the leading
senators . . . and leave out such prime actors in the drama is to show scant
respect for the substance of life. Why, moreover, should anyone be interested
in the beginnings of the House of a Howard or Burleigh and indifferent to the
rise of a House of Morgan or Rockefeller?"
That these are “houses” or clans is a claim that, alas, has
not taken root in a historiography that, no matter how Marxist or lefty the
ideology of the historian, still takes no hint from the copious documentation
of the anthropology of clan power in other societies. Those, of course, are “primitive”
societies – not like our techno-powered secular scientific one of today and
tomorrow! An essay by business historian Richard R. John, Robber Baron Redux,
traces the phrase back to Charles and Henry Adams classic account of Jay Gould’s
manipulation of railroad stock, Chapters of Eerie, another book on the
outskirts of our American classics. John also attributes the disrepute of the “robber
baron” thematic in business history to Alfred Chandler, whose influence on
business history is much greater than that of Marx – at least in the U.S.
Chandler preferred Industrial Statesman – not so feverish and ideological. About
the same time, the term entrepreneur was revived by Joseph Schumpeter, and
after a bit of a hiatus there – those crazy sixties and seventies – got take into
the bosom of official speak in the Reaganite eighties. By now, of course, it is
official – with the nineties cult of Jack Welch and the present cult of Elon
Musk being the most celebrated images in the gallery – the rich are treated not
as robbers but as artists. The
entrepreneurial myth – that value comes from the top, from management, rather
than from the bottom, from workers – has been firmly set in place, liquidating
the American rebellion that informed the counter-culture of unions, surrealists
and Fortune journalists during the long period of American questioning.
Friday, January 31, 2025
to scold on the interwebs
There is an etymological mystery about the word ‘scold”. In the great 0ED vol. 9, the etymology is not given – rather, the etymological theories that link the word to some original Scandinavian word are held up as unproven. Others relate the term to “skald”, a kind of satiric poet – the antithesis of bard. However the descent of the word goes, at some point it became contextually misogynistic – the scold and the shrew were stock figures of aggressive women. Scold occurs a number of times in Shakespeare’s Taming of the Shrew, where it possesses a certain figurative stature that is curiously attractive to Petruchio:
Wednesday, January 29, 2025
Bye Bye Miss American Pie
In 1984, Andrew Kopkind and Alexander Cockburn wrote a terrific jeremiad in the Nation that began:
Down in the basement at McDonalds, or why equality of opportunity is a bogus goal
I've never understood the popularity of the American belief that the intervention of the state in the political economy should be limi...
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You can skip this boring part ... LI has not been able to keep up with Chabert in her multi-entry assault on Derrida. As in a proper duel, t...
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Ladies and Gentlemen... the moment you have all been waiting for! An adventure beyond your wildest dreams! An adrenaline rush from start to...
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LI feels like a little note on politics is called for. The comments thread following the dialectics of diddling post made me realize that, ...



