Monday, May 26, 2003

Bollettino

LI has hammered home a theme for a long time on this site. The theme is that talk about U.S. foreign policy has to take into account, firstly, what kind of country the U.S. is. Usually such discussions go on and on about democracy. Well, democracy is important, but it is subordinate to one great constant in U.S. history: the vast indifference of Americans to the rest of the world.

There are subgroups who are very involved with one or another country. The Irish in the last century were ardent about Ireland, the Germans before WWII were ardent about Germany, and the Jews, now, are ardent about Israel. But these are exceptions to the rule. Americans like to think of themselves as generous donors -- but that stopped long ago, by general consent. The Marshall plan was fifty years ago; the last really big flow of foreign aid petered out around the end of the Vietnam war. Both of those generous moments were connected to domestic politics: the Marshall Plan is inconceivable without the Roosevelt's New Deal, which preceded it and established the idea of government spending for big projects; and the foreign aid of the Vietnam era was connected just as intimately to the Great Society.

Those eras are deader than Uncle Sam's generosity to the poor.

This is the essential paralogism of Bush's foreign policy. It aims at establishing American imperial hegemony; but it only funds American military contractors. Contra leftists and rightists, that isn't the same thing. Nor has Bush shown any inclination to spend his political capital by trying to really effect a "Marshall plan" for Afghanistan; Afghanistan is the last thing on his agenda. It's been crossed out.

Meanwhile, the plan for Iraq depends, crucially, on taking money from Iraq and recirculating it back to Iraq. It depends, in other words, on magic. Voodoo economics is rational compared to the American dream of both exploiting and enriching Iraq. It's a pyramid scheme for retards.

What this means, in terms of security, is that the U.S., after much bombing, is reverting to the pre-9/11 situation with regard to such places as Afghanistan; and is going to be tied down, in such places as Iraq, until we decide to blink and go away.

Afghanistan is one of the more interesting studies in how an empire is not built. After the war was canceled on tv (since it was, supposedly, won), it was lost to American vision in the subsequent blackout. Nobody protested. We went elsewhere; the Afghanis, naturally, stayed. There's a very lengthy piece about the aftermath in Afghanistan in the Guardian this Sunday by Peter Oborn. Here's a middle graf that gets into the magical intersection of money and amnesia:

"We interviewed the interim President on the day Baghdad fell. Karzai is tall, good-looking and articulate. He dresses in immaculately pressed shalwar kameez and waistcoat - sheer Afghan chic. The awesome task of creating a modern, democratic Afghan state - and in the process turning 3,000 years of historical development on its head - devolves on him. He is a friend of the West, and that is what makes his criticisms, when they come, so much more devastating. I ask him whether the $5 billion pledged to Afghanistan at the Tokyo donors' conference of 2002 was enough to rebuild his country. 'Definitely not,' says Karzai. 'We believe Afghanistan needs $15-20bn to reach the stage we were in 1979.'

He complains, too, that the money has gone to the wrong places. Rather than make over funds to Karzai's central government, Western donors have preferred to act through outside agencies. 'Last year,' says Karzai, 'we had no control over how this money was spent.' He warns that this lack of trust 'does weaken the presence of the central government in the provinces of Afghanistan'. It is hard to disagree. Even the niggardly World Bank accepts that Afghan reconstruction requires $10bn rather than the $5bn made available at Tokyo, while US Senator Joseph Biden argues that $20bn would be nearer the mark. Earlier this year the aid organization Care International produced a devastating study which contrasted Afghanistan to other post-conflict zones. In a table of aid per person donated by the West, Bosnia came up top, receiving $326 per head. Kosovans received an average $288 while citizens of East Timor got $195 each. Afghans are scheduled to receive just $42 per head over the next five years. This is despite the fact that Afghanistan is almost, as Karzai says, 'the poorest country in the world' and in a far worse state than either Bosnia or Kosovo."

There is something truly curious about the current American situation. Has any empire of comparable military superiority wasted its time more thoroughly than the U.S. has, in the last year? The firefight about connecting Al qaeda to Saddam is typical. Whether you think there is a connection or not -- and we don't think there is -- it is not an important connection, as everybody on both sides knows.

We know quite a bit now about how A-Q operated. We know they moved East after Sudan. We know that Malaysia was a much more important meeting ground for the redoubtable A-Q than Iraq. And yet, I'd guess that not one American in one thousand knows that Malaysia even figures in A-Q's timeline.

Anyway, what Oborn doesn't say is that one of the unexpected results of collapsing the Taliban has been a bumper crop of poppies. The hills are alive with them. And if you want to fund guerrilla activity, nothing is finer than a bumper crop of poppies, or of coca leaf. We figure that money will be reinvigorate A-Q next year, much more than the reaction to the occupation of Iraq.

Saturday, May 24, 2003

Bollettino

The swing set

Ah, so the 600 billion dollar -- Krugman prices it out at 800 billion - tax cut has been passed. The price tag in the headlines is, as everybody knows, a joke. We are in an extremely bizarre time. As the deficit piles up, we get a tax cut that is thinly justified as an attempt to bootstrap the market. Yep, get those equities flyin' again.

At the same time, the Bush administration is gambling with the dollar. This is, perhaps, all they can really do -- the brain-dead people in Bush's Treasury have no other options. So the race is on to press the dollar downward.

Now, LI is a simple country hayseed -- shucks, we just tried to buy the Brooklyn bridge from a passin' stranger yesterday. Yet even we noticed a curious disparity between the two strategies. Like, ain't it true, like they teach in the one room schoolhouse in the Hollow, that when you devalue the dollar, money flows to assets tied to other currencies? And don't that promote a flow out of US Markets and into other markets? And ain't that flow going to accelerate, as the wealthy, who benefit most from the tax cuts, seek a higher ROI than is going to be given by investing in dollar based instruments?

Of course, LI knows we don't have the rocket science of the fiscal system down, like our hero president -- well known fighter pilot and all -- but gee, won't the flight from dollars accelerate as the deficit grows, forcing interest rates upward, and shutting down business borrowing -- thus shuttin' down plant and other investment -- and thus upping cost cutting measures, such as shedding jobs?

So, what is happening here? A conservative Republican government is basically stoking the fires of inflation, in the hopes that we will get the system of production moving -- thus taxing the poor, basically, and the middle class, who are already facing the continuing inflation in housing, education and medicine -- and all of this supposedly in the era of "limited" government. Of course, since no Republican really has the guts to limit government -- they are throwing money hand over fist at Defense, and they absent mindedly voted in various medical benefits last year that add 300 billion dollars to that -- we are faced with pressures all along the financial dams.

Krugman is worried about a deflationary spiral. We personally think that this underestimates the integration of the American economy on other economies. Unlike Japan, we outsourced our manufacturing base long ago. Having depended for a long time on the absurdly low wages of foreign workers to underwrite our service sector economy, we think we are going to feel the effects of that soon.

Incompetent in war, disastrous in peace -- our administration. You gotta love em!
Bollettino

The Illusory Empire

One of the great problems with political scientists is that they base so much of what they think on analogies that are carefully plucked of all annoying dissimilarities. Take the great Empire boom spawned by the neo-con set. This has been going on for a while now, since one of the Kaplans wrote an article in Foreign Policy about the U.S. as a benign empire. This Kaplan went on to compare the U.S. with Britain in the 19th century. As in all such comparisons, a surface verisimilitude is achieved by comparing military force, and interventions over the globe. What Kaplan didn't mention was that 20 million some Britons left the U.K. to settle all over the globe. He also didn't mention British investment in the colonial enterprise. Both of which are very unlikely to happen to the U.S. any time soon. The U.S. Empire is defined by the fifty states, plus some commonwealths.

Iraq and Afghanistan are test cases of the imperial proposition. So far, what has happened in Afghanistan? The U.S. beat the Taliban and scattered its real foe, Al qaeda. Then we pretty much forwarded a minimum amount of money to the government we installed in Kabul, left a minimum contingent of soldiers there, and watched, with supreme indifference, as the center didn't hold. It is a good bet that some terrorist Rotary club is meeting, once again, between Peshawar and Kabul.

The British sometimes advanced and then abandoned and then re-inserted themselves in territories. The history of what is now Nigeria was full of that kind of thing. But if London had been attacked by a group from Nigeria in 1889, the British would have invaded in force and stayed.

We aren't saying this is a good or a bad thing -- it is a different thing. The Marshalll Plan response was an exception in American history, not the rule. It does not look like Iraq is going to be different. If this Financial Times story is to be believed -- and it is pretty standard for the Biz press view -- Iraq is going to need around one hundred billion dollars in investment in the next couple of years:


"Iraq's reconstruction is routinely costed at as much as $100bn (?86bn, �61bn), making it the largest such project since the Marshall Plan rebuilt Europe after the second world war.

Companies from all over the world have been clamouring for a piece of the work. Iraq is particularly appealing to them because it sits astride the world's second-largest oil reserves. There are also hopes that it could give rise to a robust consumer market."

Well, hope springs eternal, even in a nut house. But the reconstruction projects we have seen so far are coming out at about a billion bucks. And those bucks aren't an investment in Iraq, really -- they are things like starting a tv station for Iraqis, which is really a way of getting some US tax dollars to SAIC. When the money from Iraq's frozen assets runs out, what is the US going to do for the other 99 billion dollars? Take it out of the budget? The scheme to pay for things via Iraq's oil rather misses that, well, if we pay big fat US corporations with that money, nothing will be left for the Iraqis. They won't be able to afford those tv sets to watch SAIC TV. It is what you call a paradox. Or an empty piggy bank.

There's no plan for that whatsoever. There should be. Since the U.S. got into this war, we owe them. You know, for wrecking the cities and all. Things like that. Colonialism would be a step up, actually. Moral responsibility, things like that. So far, we simply have a country eyeing the little money left in a country it is occupying, and thinking of making a dash for it. On the other hand, the Bush-ites are stuck. If they treat Iraq like Afghanistan, the country will surely slip into a virulently anti-American mode. If we try to chintz on reconstruction, we are going to literally starve Iraqis. There's only one source of money left -- U.S. taxpayers.

Of course, there's also the little problem that Iraq, since the prosperous days of the late seventies, has gotten a lot more populous and a lot poorer. That consumer revolution is going to need a lot of very long range credit cards, because these people, like the Saudis, and the Libyans, aren't going to see those days again. The inheritance has been pissed away, mostly on weapons. Saddam or House of Saud, same song and dance.

At the moment, though, the thought is this: We broke it -- we pay for it. Isn't that the rule in this celestial toy shop?
Bollettino

Chalabi is, reportedly, a man who likes to play close to the edge. He has a habit of going over it without a parachute. Perhaps he did it again when he attacked Al - Jazeera and the Jordan government with papers the INC had gathered from Saddam's files.

Saddam's files are truly amazing things. They pop up here, labelled in big magic marker, George Galloway bribery papers; they pop up there labelled Al -Jazeera, our contacts in. But where, pray tell, is the folder entitled, Donald Rumsfeld, talks with, 1984; or George Herbert Walker Bush, covert aid supplied by, 1932-1989? I guess those papers just incinerated. And guess what? Neither the Times of London or New York, neither the Daily Telegraph nor the Washington Post, are looking very hard for them.

Although I'd guess, just guess, that the US Military did look for those state secrets.

Well, Chalabi's problem is that he depends too much on the kindness of strangers -- who he then rips off. So, mistaking himself for Donald Rumsfeld, he paper rattled in the direction of Amman. He forgot that Amman can paper rattle back. The Wall Street Journal just got a look at some documents released by the Jordanians in re the case of Petra Bank.


The WSJ report does not show Chalabi as a corrupt man -- rather, he was a businessman in a hurry. And like many such businessmen, he succumbed to the temptation to inflate his business, which required doing an increasing amount of shady legwork inside the business. Plus, he seems to have smuggled money to his family. Two point six million dollars that the bank earned for instance, for snagging a loan to Sudan would be diverted to the Chalabi brothers' pockets. Arthur Anderson audited the bank after Chalabi fled:

"Now in control of Petra Bank, Jordanian authorities asked for an audit. Four months later, Arthur Andersen accountants declared the bank insolvent. Shareholder equity wasn't $50 million as reported, their 267-page report said, but a negative $268 million. They said an additional, hard-to-explain $158 million had flowed out but not come back. Much of that involved "transactions with parties related to the former management of the bank," it said."

Oh my. We do wonder how Chris Hitchens, Chalabi's main press supporter in this country, is going to explain this. In his last column on this subject, Hitchens let slip the fact that Iraq was a partner in the bank. Wow. If this is true, Chalabi, like his friend, Donald Rumsfeld, was working with Saddam in the nerve gas eighties. Since Hitchens didn't footnote his source, we don't know if he learned this from Chalabi himself, but it is a promising clue to Chalabi's sudden interest in overthrowing Saddam.

Thursday, May 22, 2003

Bollettino

Blood business

Douglas Starr wrote an essential book about the trade of blood, entitled, no doubt by an agent, Blood: the Epic History of Medicine and Commerce. . One of the book's major concerns was the way the blood industry accidentally spread AIDS to hemophiliacs. There's a chapter excerpt from the book on a PBS site. We have to quote this graf, which explains how the blood business became a moneymaker after new techniques allowed companies to extract plasma, and thus made it possible to up the amount of blood a donor could give dramatically:


"New classes of people became involved -- shadier buyers, more desperate sellers. Experts had warned about the potential for abuse. During a 1966 conference at Cohn's Protein Foundation, Dr. Tibor Greenwalt, a leader in nonprofit blood banking, cautioned against "exploiting for its proteins a population which is least able to donate them" -- yet that gave little pause to commercial entrepreneurs. Tom Asher, a fifty-year veteran of the plasma industry who worked as a manager for the Hyland division of Baxter Laboratories, ruefully recalled that his company set up its first center at Fourth and Town streets in Los Angeles -- "absolute dead center, Skid Row. We'd immunize donors with tetanus to increase their antibodies for tetanus gamma globulin. When hurried, our doctor, who was also the bouncer, would occasionally give them shots of tetanus antigen right through their trousers." Later the company took to "bankrolling all sorts of characters" to meet the booming demand for source plasma, many with questionable ethics. Another Los Angeles center, called Doctors Blood Bank and run by two local pathologists, paid donors in chits redeemable at a local liquor store."

Starr points out that blood became a major third world industry. Nicarauga, under the malign vampire, Somoza, became a major blood and plasma supplier, for instance -- an industry that Somoza took a big cut from -- and in fact it became a major political factor in the Somoza overthrow. The owner of Plasmaferesis assassinated the editor of La Prensa, apparently on Somoza's orders, after the paper investigated the "House of Dracula. More importantly, the hemophilliac medicines that required compounding thousands of different donations of plasma together was starting to circulate in the First World. Factor VIII was a standard, profitable medical instrument. And it was a loaded gun. As Starr shows, AIDS among hemophiliac's was, perhaps, the first neo-liberal epidemic: it came from unregulated free trade, it came out of the principles of that trade (the cost of labor and the cost of raw materials should be lowered to its lowest level), and it carried a social cost that was supposed to be cheerfully borne by third parties.

Well, we are going on about this because the NYT has fingered Bayer today. This should be a major story, although in today's atmosphere, who cares if companies kill?

Here are the first two grafs:

" A division of the pharmaceutical company Bayer sold millions of dollars of blood-clotting medicine for hemophiliacs � medicine that carried a high risk of transmitting AIDS � to Asia and Latin America in the mid-1980's while selling a new, safer product in the West, according to documents obtained by The New York Times.

The Bayer unit, Cutter Biological, introduced its safer medicine in late February 1984 as evidence mounted that the earlier version was infecting hemophiliacs with H.I.V. Yet for over a year, the company continued to sell the old medicine overseas, prompting a United States regulator to accuse Cutter of breaking its promise to stop selling the product."

Remember that this took place in the gogo Reagan years. The Feds knew and disapproved of the Cutter sales. They called in Bayer officials. This is what happened:

"Federal regulators helped keep the overseas sales out of the public eye, the documents indicate. In May of 1985, believing that the companies had broken a voluntary agreement to withdraw the old medicine from the market, the Food and Drug Administration's regulator of blood products, Dr. Harry M. Meyer Jr., summoned officials of the companies to a meeting and ordered them to comply. "It was unacceptable for them to ship that material overseas," he said later in legal papers.

Even so, Dr. Meyer asked that the issue be "quietly solved without alerting the Congress, the medical community and the public," according to Cutter's account of the 1985 meeting. Dr. Meyer said later that he could not recall making that statement, but another blood-product company's summary of the meeting also noted that the F.D.A. wanted the matter settled "quickly and quietly." Dr. Meyer died in 2001."

Ah, the sweet, deadly smell of money! Undoubtedly Meyer was also thinking that the Reagan administration would reverse itself if it publicly looked like it was doing something unfriendly to a corp bud. Meanwhile, Cutter, acting, according to the latest Bayer broadside, was considering the ethics of lining its pockets by selling a majorly dangerous product to uninformed suckers in Asia. Hmm, what should a company that wants to make money in the dirtiest way possible do?

"The new product [heat treated plasma compound], meanwhile, was selling briskly, leaving Cutter with a problem: "There is excess nonheated inventory," the company noted in minutes of a meeting on Nov. 15, 1984.

"They needed to get the return for what they invested," explained Michael Baum, a Los Angeles lawyer who has represented dozens of United States hemophiliacs in suits against blood-product companies. "They paid the donors. They had processed the plasma, put it into vials, kept it in warehouses � and all that expense had already been incurred." (One vial is roughly equivalent to a small dose, though more may be needed to stop severe bleeding.)

At the November meeting, the minutes show, Cutter said it planned to "review international markets again to determine if more of this product can be sold." And in the months that followed, it had some success, exporting more than 5 million units (a typical vial might contain 250 units) in the first three months of 1985, documents show."

A saga of entrepreneurship that we can all be proud of.

P.S.



Forbes quotes a "London based" analyst with this remark about the story:

"You can never entirely rule out upsets, but this looks like a rather old story and will probably not affect Bayer's financials."

Marx himself couldn't come up with a more deadpan line about the moral bankruptcy of capitalism.
Bollettino

Pigs, pigs, pigs

Over at Junius, Chris Bertram briefly notes an article in Capitalism magazine criticizing Forbes and Fortune for giving in to the "socialistic" idea of reducing CEO pay. The Capitalist magazine rehearses a familiar idea: CEOs are like movie stars or athletes. Extraordinary pay is necessary to attract talent. This argument is a foolish disguise for a situation that is anything but laissez-faire. Movie stars and athletes commoditize an impression. If you go to a movie because you like x, or a basketball game because you like y, then x and y have successfully extracted a certain amount of money from you -- which is why they are paid the prices they are paid. Winning is nice, but a star on a NY team that doesn't win a championship will probably make more than a star on a team from North Carolina that does, because of the economics of the above. CEOs aren't in the impression business, give or take Oprah and Martha. Nobody bought GE products because of Jack Welch. There are moments when equities depend on name CEOs -- when they are hired, or when they leave -- but these are epiphenomenal events.

The star analogy simply disguises a traditional inefficiency in the job market. This inefficiency has been created in the traditional way: a guild exists, composed of CEOS, who protect each other's compensation. CEOs usually make up the compensation committees that decide CEO salaries. As long as this continues, CEOs will be grossly overpriced. The effect of that overpricing is disguised by various dodges to make it look like CEO compensation is not a cost to the firm. It is a cost to the firm.

There's no magic here.

So, what does LI suggest? The problem could be solved in two stages. First, the compensation committees cannot be composed of CEOS. Second, saving money to the firms all around, the compensation experts who will take the place of the bigwigs don't really have to be paid more than twenty bucks an hour. Why? Because really, CEO compensation could be determined pretty much by computer program. To make this program, take the list of the CEOs of the Fortune 500. Find those with the lowest total compensations. Use them as your anchor points. Mixing a set of variables that track company performance against those salaries, you create something like a career series. Then plug in the CEO candidate. Track his performance at other companies against your base performance rates. Depending on how the candidates do, you allot extra compensation -- or you subtract it. Because certain sectors might be special, your anchors could be shifted to these sectors -- but the standard would always be the lowest paid CEO. Presto chango, you have an objective compensation program that plugs in competition. The rises in CEO pay that might come as the bottom level rises will be compensated for by new companies which appear, setting new standards.

The CEO salary then becomes a standard for other higher exec compensation. Crazy, huh?

Simple or what? And I give it to the world free. Cause I'm such a nice guy.

Wednesday, May 21, 2003

Bollettino

For the Devil can work upon stagnating filth to a very great degree.
For I prophecy that we shall have our horns again.
For in the day of David Men as yet had a glorious horn upon his forehead.
For this horn was a bright substance in colour and consistence as the nail of the hand.
For it was broad, thick and strong so as to serve for defence as well as ornament.
For it brightened to the Glory of God, which came upon the human face at morning prayer.
For it was largest and brightest in the best men.
For it was taken away all at once from all of them.
For this was done in the divine contempt of a general pusillanimity.
For this happened in a season after their return from the Babylonish captivity.
For their spirits were broke and their manhood impair'd by foreign vices for exaction.
For I prophecy that the English will recover their horns the first.
For I prophecy that all the nations in the world will do the like in turn.
For I prophecy that all Englishmen will wear their beards again.
For a beard is a good step to a horn.
For when men get their horns again, they will delight to go uncovered.
- Christopher Smart, Jubilate Agno

LI recommends an essay in the Glasgow review on Chris Smart, with whom Samuel Johnson once kneeled in prayer on the street ("I'd as lief pray with Kit Smart as anyone," he famously remarked to Boswell). The author, Ross King, recounts some interesting bits from Smart's hectic life.
Smart was a typical eighteenth century literatus, in some ways -- for instance, he flattered Alexander Pope as a young man, translating some of his poems into Latin, which earned him a little patronage. He then attempted to float his own literary broadsheet, much in the style of Addison and Steele. It was in this framework that he first designed a satiric female figure, Mrs. Midnight, who seems to have exerted a peculiar fascination upon her creator, according to King:

"...it is interesting to consider the figure which Smart presents to the public ten years previously at the Castle Tavern in Paternoster Row and the New Theatre in the Haymarket. For beginning in December 1751 Smart dresses in petticoats and acts onstage the transvestite role of `Mrs Mary Midnight' a grotesque old woman whom he invented a year or two earlier in the pages of his threepenny monthly journal The Midwife. Variously called `The Old Woman's Oratory' and `Mrs Midnight's New Carnival Concert', the performances display carnivalesque inversions whereby more `serious' literary, theatrical, and musical practices are parodied by players in masquerade, by musicians with salt-boxes and wooden spoons, and by troupes of performing dogs and monkeys - all presided over by Smart's grotesque female figure of misrule, Mrs Midnight. Smart is attempting during this time to establish a serious literary reputation for himself by publishing imitations of classical verse, but, despite various learned allusions in the orations, these popular entertainments are enthusiastically plebeian, dedicated to the amusement of the rabble. As such they exemplify the debased literary palate which Pope condemns some years earlier in the first lines of The Dunciad when he laments the spread of the `taste of the Rabble' manifested in the shows and entertainments of Barthomomew Fair.[2] Smart's performances therefore subvert both the gender distinctions which Jubilate Agno would enforce and the literary and cultural practices in which, simultaneously, he hopes to establish his own career as a man of letters. What then is the nature of the relationship between Mrs Midnight and the poetic voice of Jubilate Agno a decade later?"

The question of whether Jubilate Agno is attempting to "enforce distinctions" is an interesting one in itself. Smart's most ardent fan in recent years has been Christopher Hawes, who has argued that Smart's poetics has to be viewed in the perspective of a rhetoric of mania, spawned during the great years of the English Civil War, developed by Ranters and Levellers, and persisting in the eighteenth century in an increasingly secularized form within literary culture. The key transformation between the millenarianism promised by the Ranters and the task of prophecy that poetry takes up is, according to Hawes, pictured, satirically, by Swift, in his Tale of a Tub. This tracing of a secret geneology, which is also Marcus Greil's project in Lipstick Traces, is an attractive project to LI. All of these projects are influenced by The World Turned Upside Down, Christopher Hill's marvelous history of the English Civil War's "infantile left," which rediscovered such figures as Abiezer Coppe, whose Fiery Flying Roll might have been known to Smart. In this tradition, the difference between man and woman is archetypal for all the boundaries between Heaven and Earth that will melt away at the Last Judgement. And the Last Judgement is taken from sacred history and reconfigured as a terminus in one's internal history -- a history that can only be understood through a form of sacred poetry. Here's a nice bit from Coppe. He is reporting a vision:


Upon this the life was

taken out of the body (for a season) and it was thus resembled,

as if a man with a great brush dipt in whiting, should with one

stroke wipe out, or sweep off a picture upon a wall, &c. after a

while, breath and life was returned into the form againe;

whereupon I saw various streames of light (in the night) which

appeared to the outward eye; and immediately I saw three hearts

(or three appearances) in the form of hearts, of exceeding

brightnesse; and immediately an innumerable company of hearts,

filling each corner of the room where I was. And methoughts

there was variety and distinction, as if there had been severall

hearts, and yet most strangely unexpressably complicated or

folded up in unity. I clearly saw distinction, diversity,

variety, and as clearly saw all swallowed up into unity. And it

hath been my song many times since, within and without, unity,

universality, universality, unity, Eternall Majesty, &c.



















A vanishing act: repressive desublimation and the NYT

  We are in the depths of the era of “repressive desublimation” – Angela Carter’s genius tossoff of a phrase – and Trump’s shit video is a m...