The myth of the self-made man is American culture’s own special heart of darkness, helping to explain both its infectious optimism and ruthless greed. The idea holds enough truth and seductiveness to make it easy to forget its delusional dangers. To reprise Marx’s famous formulation, individuals, like humankind, do make their own personal history, but not under conditions they choose. But… return to article
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Reader Comments (190)Martin,
First, you have not documented my nastiness at all, liar. I never called you trash or a buttbuddy. How old are you, 13? Give me a break!
Second, if you cared to READ Ehrenreich’s book, she did not bail herself out while working at Wal-Mart. You hold it against her that she is upper class, but give me one example of a conservative in her position that did the same.
Third, Frontpage magazine is a right wing rag established by racist David Horowitz, who incidentally receives money from the right-wing think tank machine, particularly those of the four sisters.
Fourth, for a detailed account of Bush’s funding inadequacies regarding the heating program, see Molly Ivins’ “Bushwhacked.”
Fifth, Milton Friedman is no more a credible economist than Keynes. He is a right wing scholar whose theories have proven to hurt the majority of Americans. Look at the 1980s. Did you live in America then?
Sixth, you are presumptuous to assume I only read from one point of you; another undocumented fabrication of yours.
Finally, the reason France has such a sophisticated culture is that they do not struggle to make ends meet and focus on the bare economics of survival as those here in America do.
Posted by Bud on Jul 7, 2005 at 3:22 PM Bud;
I admire you for taking on this troll incarnation, but don’t think you are ever going to engage it in real dialog. It is on its face such a pathological ideologue of the Randian Objectivist variety, that it is incapable of recognizing anything but its own specious propaganda as having any meaning.
It’s a ‘philosophy’ that pretends to be an analysis of the ‘real world’ but is a denial of reality for the sake of an idealism based on the hatred of human empathy. It’s prime axiom is the deification of selfishness. Thus it conflates personal concern for the welfare of all, as ‘pretending to speaking for the masses’. It’s the nature of such pathological imbalance to project its own monological belief upon those who it percieves as its ‘enemies’. This is made all the more obvious by its amoral reliance on presumptive assertion and ad hominem non-sequitor. Though it clings to the notion of ‘rationalism’ it is intrinsically irrational.
As for the so-called economics of the Austrian School, it is so much ahistorical hypothetical horsecrap. Monetarist policies have not brought about the ‘end of history’ they have just exacerbated existing inequalities. The efforts to stem inflation by controlling the money supply may have worked in a macro way, however, those gross numbers conceal increases in cost of living at the bottom of the economic pile with reduced costs of capital investment for those at the top. Policies that have not resulted in greater and more widespread entrepreneurial success. Where is the flood of innovation we were led to expect? Tooth whitening strips? More and more corporate controlled fast-food outlets? Let us not forget the annihilation of the S&L industry with the corrupt application of ‘creative financing’. Remember Neal Bush? As Mr. Greenspan has himself capitulated, monetarism is useless at halting deflation, which hurts primarily the investment class, so the Fed is now engaged in massive if poorly applied Keynesian methods to support an economy that is still sagging after three years of ‘recovery’.
It is perhaps useful to note, that as reality makes its premises more and more tenuous, it becomes more and more shrill in its insistence it is in sole possession of the ‘Truth’. Something like the canary in the coal mine.
Posted by luminous beauty on Jul 7, 2005 at 3:42 PM Bud, your posts that I read this morning
document your nastiness. I don’t have to
document it but merely refer people to it.
Read Babs original Harper’s piece and her
book and my point still stands.
Horowitz is not a racist, he is absolutely
correct in opposing reparations. He is a
pro-Israel neocon and anti-libertarian so
I often disagree more than I agree.
That he’s rightist, so what ? That hardly
invalidates his documentation on liar Noam
Chomsky, read the book.
Why would any conservative duplicate Babs
phony stunt ?
I wouldn’t trust Mollie on a bed but I’ve
read several books and many columns of hers
over the years, YOU NEED TO READ SOME OTHER
VIEWS NOW.
Milton Friedman is a very credible economist
and is so regarded by the whole profession
including the Keynesians. That you disagree
with him means nothing as to his professional
credibility. Nor have his theories hurt most
people, most people made out very well under
Reagan and the continuation of his policies
by Clinton.
I can only assume from your postings that you
read only Chomsky and a few others on the left.
How else could I “document” this short of mind
reading ability ?
French culture is a total fraud as Pope Noam
himself has noted many times !
They certainly do struggle to make ends meet
when hundreds die from lack of air conditioning.
Stop wasting our time.
Read what I referred you to.
Posted by Martin on Jul 7, 2005 at 3:44 PM Miz Nonbeauty,
Please detail at length your assertions
regarding Austrian Economics.
We are all waiting with bated breath to
receive the profundity of your undoubted
advanced economic wisdom…........
So far you have demonstrated that you do
not know the difference between the Austrian
and Chicago schools.
Your inane comments on rational selfishness
are similarly devoid of cognitive content.
Oh, I know, capitalism is getting ready to
crash any moment now….......
How’s that Ohio recount coming ?
Posted by Martin on Jul 7, 2005 at 3:51 PM *sigh*
The powerpeople loves this. Keep the masses arguing and at odds with each other while we f__k them over—they’ll never even notice!You probably all drive foreign-made cars with american flag stickers on them.
“It’s the JOBS, stupid” When American stops MAKING THINGS, we’re going down. Can it be that simple? Well, it is. The Industrial Age and Manufacturing brought us to that Golden Age of America—no, things weren’t perfect then, but more of us were living well than at any other time. Why we are being sold this Global Economy BULL is beyond me. Even the cavemen knew that the only way to survive was by forming a community and supporting each other within that community.
Posted by Carolyn on Jul 7, 2005 at 3:52 PM Real prosperity is a measure of the breadth of production and distribution food, clothing, housing, health care, education, free time, transportation, etc. to the entire population of a given society, and not a measure of the excess wealth of a minority.
The problem is that minority sees itself as comprising a particular community. Unless we can show the green and a certain degree of complaisance to traditional hierarchies, we who work at less than astronomic wages for the hopeful sake of improving the human world, will never be a part of it.
The survival of that community is dependent on keeping the rest of us confused and consumed by terrifying and titillating distraction, dangling the ever unfulfilled promise of personal advance against the ever present abyss of rejection and failure. Thus alienated from each other so we can scarcely recognize our common interests, we scrabble for our meager existences in the narrow little tracks that have been laid out for us.
Somebody said somewhere sometime that the truth of freedom is the capacity to say no to power. Every conversation like this is part of an evolving, growing, shared consciousness that will again, as it has periodically throughout human history, lay bare that reality. When that becomes a sufficiently widespread awareness, then a possibly more egalitarian community based society may emerge; one with fewer artificial borders and false ideological conflicts, and more vital connections between cultures and individuals.
The troll should realize its arrogance and spiteful indifference to these shared values is merely a spur to strengthen our solidarity; strong evidence that we are beginning to break through. It should also know that behind that facade of invulnerability, we know it is frightened.
Posted by luminous beauty on Jul 7, 2005 at 6:16 PM “I must study politics and war that my sons may have liberty to study mathematics and philosophy. My sons ought to study mathematics and philosophy, geography, natural history, naval architecture, navigation, commerce and agriculture in order to give their children a right to study painting, poetry, music, architecture, statuary, tapestry, and porcelain.”
- John Adams
Posted by Lefty on Jul 8, 2005 at 3:32 AM LB, you would greatly benefit from a reading
of George Reisman’s Capitaalism, it is the perfect
antidote to the zero-sum philosophy that you
cutrrently subscribe to.
lefty, so what’s your point in reproducing
the Adams quotation ?
Posted by Martin on Jul 8, 2005 at 2:35 PM No Black person will ever agree that the national minimum wage is racist and the cause of unemployment mostly because they believe that to OPPOSE the minimum wage standard is racist! This is simply because many black folks work at or near the minimum wage and a higher proportion of blacks and Latinos work form minimum wage than do whites proportionately. To eliminate this meager form of protection would certainly condemn many working-poor minorities to catastrophy and crisis than whites who are also suffering in the struggle to make ends meet in Bush’s America. The real racism is in the ludicrous proposal to end all protections for the poor most of whom not only support the meager national minimum wage but go further in supporting the “living wage movement” which wants to move wages up to a decent level. To say wages are merely the “price of labor” is typical of capitalist commodification of everything including a growing proportion of humanity with only its labor to sell! What greater proof do we really need of capitalism’s callous disregard for people’s humanity!?
Posted by Steve on Jul 8, 2005 at 3:55 PM Reisman—short version
Money—it’s a gas!
Keep your hands off my stash.
Posted by luminous beauty on Jul 8, 2005 at 3:55 PM Excuse me, Steve, but who gave you
authorization to speak for all black
people ? Some might prefer not to dwell
on your plantation.
Walter Williams, Thomas Sowell and other
Black economists do claim the minimum wage
is a major cause of black youth unemployment.
Wages ARE the price of labor.
Like all opponents of capitalism your actual
quarrel is with objective reality.
If the MW really raises wages for the general
population, let’s raise it to 20. an hour.
No problem, eh ?
Posted by Martin on Jul 8, 2005 at 4:21 PM Steve;
It’s right. You should have said ‘no sane black person’.
Posted by luminous beauty on Jul 8, 2005 at 4:47 PM I don’t get the plantation reference alluded to by libertarians. How people are put on plantations by according them a level of security they would never receive through the “market” is utterly beyond any sane person with half a brain which is why libertarianism is the narrow preserve of a few bizzare, eccentric cranks and goes no further despite the tremendous power of capital in the world today! Tendentious writers like Thomas Sowell basically speak only for himself! No one is talking about a $20.00 minimum wage so why suggest it?! This only shows how libertarians are beyond all reason. As aptly suggested by other writers on this and other related threads, wages and employment hardly ever march in lockstep and wages and investment grew in tandem in real terms all throughout the 1990s! In fact, as most competant economists would tell you, low wages are an impediment to investment due to lacking effective demand. In fact, a non-inflationary rise in real wages may actually help the stock market the way employment increases do provided there was a co-oresponding rise in labor productivity. Impoverishing more people never helps the economy. The extra few billion concentrated in the hands of an already overbloated ruling class and financial market will hardly get things moving again! Why aggravate the crisis of accumulation?! There is already tons of overcapacity and M&As; have even slowed a bit as asset prices level off after much activity.
Posted by Steve on Jul 9, 2005 at 12:17 PM Talk about plantations, a recent report shows that top US CEOs enjoy the highest proportionate salary/benefit packages in the world! Over the past decade and a half CEO salaries have gone up well over 330% bringing them to over a 400 to one gap between their salaries and that of the average worker. Over the very same period average workers’ wages have increased 49%, corporate profits only 149% and asset prices less than 250%. Things are so bed that there is now a shareholder revolt mostly by poorer shareholders who are more vulnerable like union members whose shareholding is tied into retirement funds! All this against a backdrop of low inflation-an increase of just over 40% in the last decade and a half or so. This shows that only average salaries and wages have been struggling to keep up with inflation while the income of the rich have been exceeding it by unprecedented leaps and bounds. One can only imagine the situation of the many below the national median in terms of wages. These working poor typically have a work load of about 50 to 60 hours a week or a full time plus part time job (or two part time jobs). What I want to ask libertarians is how can capital not afford to make more jobs under these circumstances purely due to paltry wages that have either just kept up with inflation or often even fail to so! Job growth has been much slower that the growth in profits, asset prices, or GDP growth. The average national wage has increased by about 3% over the last year with CEO salaries increasing about 12%. In addition, the top 20% of the taxpayers have received about three-quarters of the Bush tax cuts with over one-sixth of the refunds concentrated in the top 2/10ths of 1%! And there’s no money for job creation!!!!!!! Where are the savings for investment. It certainly wasn’t committed to average wages and salaries! Perhaps a growth of effective demand in the lower half of the income scale would provide more justice and growth. If Bush really wanted to stimulate economic growth he would concentrate on those that would actually spend the money in the US economy. Somehow our jobless recovery shows that overall GDP growth and income increases for the average American were not the real goals of the Bush tax cuts!
Posted by Steve on Jul 9, 2005 at 1:25 PM Republican National Anthem
(sung to the tune of a similar song)This land ain’t yore land, this land is mah land.
Ah got a shotgun, an’ yew ain’t got none.
Ah’ll blow yore haid off, if yew don’ git off.
This land is prahvit propitty.
Posted by George Junior on Jul 10, 2005 at 4:12 AM Jobless recovery ? The papers reported on
Saturday that the jobless rate is at the lowest
point in four years, and that being the case,
one can only imagine what real tax cuts would
have done !
Tom Sowell speaks for many more people than you do, Steve. Your politics of class hatred and envy
only appeal to losers.
The rich earn their money by performance in the
market, which is the objective test of all of
our worths, yours included. It’s not the people
who make great money who should apologize, it’s
the people who didn’t who should.
And how much did you make last year ?
If your so smart, why aren’t you rich ?
Thank God for the rich, they make it possible
for you and me to survive.
Are you actually saying prices are too low ?
Because a wage is the price paid for labor.
I don’t know anyone who is underpaid. We all get
what we are worth at any given time.
You need to raise your productivity or get a
new skill sets or spend more time at the job
actually working instead of reading halfassed
Marxist magazines.
Everyone benefitted in the 80s and 90s, people
made more than ever except for those unwilling
to work.
If you think a given CEO is making too much, then
organize a stockholders revolt.
And be prepared to prove your point, not simply
assert it.
There is no God, Ayn Rand is God.
AND IN GOLD WE TRUST.
Posted by Martin on Jul 11, 2005 at 4:11 PM In the first place, as I’ve noted previously, there is a stockholders revolt against many of these “golden Parachute” retirement schemes for CEOs and other corporate top brass and many of the proposals include lowering stock options as a proportion of total compensation. Secondly, despite the newspapers claim of plummeting unemployment the job growth rate is way below expectations. Certainly, the rate of growth of good paying jobs is very slow! As far as no one being underpaid it is obvious you’ve never had to do manual labor to make ends meet!
Posted by steve on Jul 12, 2005 at 12:07 AM Steve, put down the Marxist comics and
start reading Reisman, Von Mises, Rothbard,
et al. There are no shortage of well paying
jobs, you’re foolish statement here is more
of your whining through your hat.
The job growth rate is above expectations,
it was clowns like you who have been predicting
a depression.
You are not privy to my job history.
Let’s don’t waste more time here.
Read what I recommended.
Posted by Martin on Jul 12, 2005 at 4:03 PM US job growth has been under normal since the last recession ended in November of 2001. Though there has been some pick up of late, the rate of job growth has been way below average for any post-WWII recovery lasting as long as this latest one has lasted! After nearly three and one half years of recovery in February 2005, the job market is over 5 million jobs short at this stage of the economic expansion. By the standards of past recoveries there has been very poor job growth performance overall since November of 2001. Much of this has to do with lean production, outsourcing, labor market casualization, and a rapidly shrinking manufacturing base. Other factors have to do with overseas competition and the relationship it bears to TNC capital flows abroad over the past decade or so. The changes in our system have created structural unemployment. Although actual unemployment figures are low by historic standards, they will rise as the economy fails under the circumstances to increase domestic job base with demographic growth.
Posted by steve on Jul 13, 2005 at 1:42 AM I was responding to YOUR snide comment
on what you imagined was my work experience.
It’s been better than normal most months.
Job growth that is.
Thanks for the economic forecast, that
and 1.50 will get me a ride on the bus.
Posted by Martin on Jul 13, 2005 at 5:11 PM First of all I NEVER make snide comments! Seconly I dont know what STFU means. All I was trying to do was refute these ridiculous libertarian assertions that the Bush tax cuts have rallied the job market and created job growth. A recent study by JP Morgan Asset Management, hardly a bastion of Marxist thought, showed that in all six post recessionary economic upturns between 1949 and 1991 that lasted more than 14 quarters the average monthly rate of job growth was between 110,000 and 170,000 except for the ten year expansion in the 1990s whereby there was a monthly average job growth rate of 45,000. The lower performance of the Clinton expansion is accounted for by the fact that the long uninterupted economic growth took a few years to recover after Bush Sr.‘s recession which ended in early 1991. Most of the job growth was concentrated in Clinton’s last term which would make his recovery close to a record for job growth. This compares with Bush’s post-2001 record of under 43,000! Clearly job growth is not a Bush priority and the structural changes brought by globalization will mean that GDP growth and domestic job market expansion will not have the same correlation as in the past. Put another way, the employment threshhold for GDP growth, that is how much the economy can grow maintaining the same rate of employment, has increased.
Posted by Steve on Jul 15, 2005 at 3:03 PM The Bush Sr. tax increases were to modest to induce a recession in the early 1990s. The culprit was the oil price shocks in early 1990 over the tension in the Gulf. Oil prices reached nearly $40/barrel during the Gulf War I (the equivalent of $60-$65 inflation adjusted 2005 dollars). This had a much greater effect on consumer spending and investment. There early 1990s saw a glut of savings in financial instruments so there was no effect of the tax increases on the available pool of investible capital to spur economic recovery.
Posted by Steve on Jul 16, 2005 at 6:25 PM OK but certainly the sudden oil price shocks which sent the price per barrel to $40.00 which is closer to $65.00 in inflation adjusted terms had a far greater effect on the overall economy. Think of all the billions the price difference suddenly took out of the domestic economy and diverted abroad!
Posted by steve on Jul 18, 2005 at 2:46 PM Hey guys! What do you all think about the idea of a “universal wage”... such as they were actually DISCUSSING for the whole of the U.S. in the early 70s, such as they are NOW proposing in Ireland… and such as they actually HAVE in the state of Alaska… you’d never know it if you didn’t run across it because of political web-browsing, like me!!
In Alaska, it’s funded by the oil industry. The idea would be to tax “common resources” of a country or area - and instead of just throwing all that back in the general tax pot, or let it grease the “pork barrels”, the money-wasting self-interested schemes of bureaucrats, simply give a share of it to everyone, equally.
Alaska does it - so it’s not an impossible dream.
Ireland wants to do it - and they haven’t even asked the leprechauns to fund it! (Pot of gold, I mean! Though I don’t know where they’d get the money from as they haven’t got an oil industry. EU subsidies perhaps??)
Why should only the RICH benefit from the wealth of a nation?
And as the people on the below site point out, if I can find it… if people DID have a universal minimum income, then the rest of the economy would be freer to become a neo-liberal paradise… lots of OTHER benefits and subsidies wouldn’t be needed. (Though I personally would STILL be in favor of a minimum wage even under those conditions, because the “basic income” might be quite low, and we DON’T want employers taking the p*ss, do we??)
Anyway, when they tried it out in studies in the U.S. (they DID! Years ago! it just diminished the average hours the men in the study worked per week by an hour or two; and the women on average, by 3 hours or a little more. So. At least THEN mothers COULD be paid to stay at home bringing up their children - which mothers like to do, as long as they have other choices as well. And we wouldn’t have the SCANDALOUS conditions imposed on the working poor and American single mothers, exposed in the movie “Bowling for Columbine”, when a single black mother with two or three children was made to abandon them to the dubious care of relatives for most of the hours each day, getting bussed about 50 miles each way to work for just above minimum wage in a Michigan megamall serving drinks and fudge to rich people. The youngest of her children in his distress and abandonment, no proper child care, took a gun which he found at his uncle’s place to school, pointed it at another 6-year-old kid, pulled the trigger and killed her - which caused one of the most notorious “school shooting” scandals of recent times. So much for the “free market”.)
Anyway, this is the really good link, to an idea they actually PILOTED, had few problems with… yet didn’t implement over most of the U.S.!
http://www.dissentmagazine.org/menutest/articles/su05/butler.htm
“Life, Liberty and a Little Bit of Cash” by Sean Butler - brilliant article, as is the one called “The Last Bicycle Tire Plant” by Gordon Lafer, about the problems independent factories have in Mexico… see, even THEY aren’t having it as good as you might think, in terms of jobs, because so many of the contracts these days go to China - which is, guess what, a dictatorship and a state which uses slave labor, so much for your and Lin Biao’s stupid free market theories, Jack!
But anyway, back to the theme at hand. Income for everyone, yes and it’s about time too.
(See - the AUTHORITIES KNOW ABOUT THIS IDEA - they’ve made trials of it and the world, ie capitalism, didn’t fall down - but they don’t want US, the majority to know about guaranteed income for all too, so that we demand it, because they’d rather keep us poor and enslaved.)
Stuff that in YOUR pipe and smoke it, “Jack Barnes”! Though you might just want to think about it first. The Alaska Permanent Fund, I mean.
Posted by Liz on Aug 11, 2005 at 1:00 AM And Brazil’s just about to do it too, and it’s being suggested for Iraq.
Posted by Liz on Aug 11, 2005 at 1:06 AM Martin - I just noticed one of your phraselets, “Marxist comics”.
I wish there WERE - I’d be the one to write them!
In fact, I’d LOVE to have my own comic book/CGI company. Berthold Brecht all the way - to begin with!!
Much better than the neoliberal variety.
Or the right-wing porno-sadism variety, which is currently what is being peddled to “fanboys”, and the rest of us through certain movies…
Posted by Liz on Aug 11, 2005 at 1:14 AM Yay Steve! What do YOU think about the BIG, “Basic Income Guarantee”, or the Alaska Permanent Fund?
Posted by Liz on Aug 11, 2005 at 2:13 AM I think the basic universal wage, or “living wage” as the movement for it refers to minimum wage reform is needed. As a society we have failed to keep wages and incomes of the working up with cost increases and a consequent loss of real income for increasing numbers of people has resulted. There are people who work more than 40 hours/week and get no overtime and need to go to food pantries and soup kitchens to stretch their incomes to make ends meet! This is the unfortunate hallmark of our global age! The way we measure poverty should also be reformed. Instead of using the basic food basket and multiplying by three or four, we should use a Relative standard to measure what it takes to have access to the basic necessities taken for granted by those with a median income. This would result in much better poverty eliminaating efforts. It is amazing that in an era of incredible GDP growth record numbers of people are at the poverty line in many countries. The number of US population at the national poverty line dropped from just over one-fifth in the late 1950s to around ten to eleven percent in the 1960s and 1970s with Johnson’s war on poverty and the wage increases for union labor at the time. After the recessions of the 1970s the national poverty rate began to climb again towards over 12% until now when it has reached almost the one fifth mark again. The Living Wage movement is the best way to combat this tendency in an epoch when higher labor productivity and wage acceleration no longer correlate! This could also boost effective demand in the sluggish economy! The struggle for this achievement will, of course, have to be political! Perhaps the Canadians and the EU can lead the way!
Posted by cabdriverinchicago on Aug 15, 2005 at 3:49 PM Yeah, a Living Wage would be really great too, calculated according to your formula, cabdriverinchicago (that’s not Steve, is it?)
I know about the “working poor” in America and their need to use food pantries, which in this day and age are often drying up. It’s disgraceful.
Canadians and EU leading the way… I wish; it seems that the World Bank leads the way…
But for combatting base-line poverty, surely this Basic Income Guarantee would be a good idea?
What about starting it, by letting people on benefits earn what they can, up to a minimum income (the B.I.G. of course) without losing any of their benefits or those for their children?
THAT way, they could “ease their way back into work”. And WHY are people ON the benefits system never ASKED their opinions, on how much they need for basic living? They never are in any country; they are just TOLD, and this I think is criminal. The first government that bothered to consult with unemployed people and mothers on benefit would be a truly democratic government.
Posted by Liz on Aug 19, 2005 at 7:32 PM Liz,
Cabdriverinchicago is Steve. Somehow after the changes I could not retrieve my old username. I think your idea of a basic income guarantee would be excellent as it would raise significant numbers of people out of poverty while stimulating the economy somewhat through increased purchasing power at the very bottom of the income ladder. As has been advocated for years, engaging the poor in their own programs is a good idea as well! It would be great if health, child care, and other such benefits were universally available as part of a social wage so that it would not be an issue for B.I.G. or other such programs and the poor would be healthier, have more work options, and be generally more productive. The far right doesn’t see it that way. They really don’t care and so we have legions of working poor and unemployed who are so marginalized that they no longer even matter to the profitability of the system or the stability of capitalism which is now based on the upper tier where income has been redistributed on the backs of the poorest workers in society. This is the unskilled, non-union sector which generates fabulous wealth for their bosses but recieve almost nothing in return. They need to be politically mobilized by the progressive forces in order to gain greater rights and a share of the wealth they produce. This is the key to building a real democracy!
Posted by cabdriverinchicago on Aug 22, 2005 at 3:08 PM -
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