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Roubini Bloomberg Video and Report from the Asian Financial Forum in Hong Kong

Bloomberg — Roubini Says Stock Rally May End Amid Muted Recovery (Click for Video)

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Bloomberg — Nouriel Roubini, the New York University professor who accurately predicted the financial crisis, speaks in Hong Kong about the outlook for financial markets and a global economic recovery. Roubini said a rally in stocks may end in the second half of the year amid a muted recovery in the world’s largest economies and as deflationary pressures limit gains in corporate earnings.

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120 Responses to “Roubini Bloomberg Video and Report from the Asian Financial Forum in Hong Kong”

blindpersonJanuary 22nd, 2010 at 1:42 pm

http://www.counterpunch.org/roberts02242009.html.February 24, 2009Doomed by the Myths of Free TradeHow the Economy was LostBy PAUL CRAIG ROBERTS.http://www.counterpunch.org/.January 21, 2010The Rule of Law Has Been LostSecurity FoolsBy PAUL CRAIG ROBERTS…….”The greatest human achievement is the subordination of government to law. “…..comment : i disagree in that the greatest human achievement isthe capacity of the human mind to symbolically model in consciousness the physical world and “accurately” represent and communicate these models to one another, minds, and to recognizeand appreciate the difference between a word, a representation,a model, a concept and the actual “thing” itself. and also appreciate the manifest, self evident, connectedness of everything.but , yes, controlling the authority / tyranny of “government”, its”law” and invariant and dismal ignorance is / was a good thing.end of this comment…..”One Obama appointee, Harvard law professor Cass Sunstein, advocates that the U.S. government create a cadre of covert agents to infiltrate anti-war groups and groups opposed to U.S.government policies in order to provoke them into actions or statements for which they can be discredited and even arrested.Sunstein defines those who criticize the government’s increasingly lawless behavior as “extremists,” which, to the general public, sounds much like “terrorists.” In essence, Sunstein wants to generalize the F.B.I.’s practice of infiltrating dissidents and organizing them around a “terrorist plot” in order to arrest them. That this proposal comes from a Harvard Law School professor demonstrates the collapse of respect for law among American law professors themselves, ranging from John Yoo at Berkeley, the advocate of torture, to Sunstein at Harvard, a totalitarian who advocates war on the First Amendment.” ……”Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances. “.comments ….speaking of corruption and confused association of freedomof speech and homicide, is there any difference? ( is there any limit to what any particular word can mean or represent ) and isit now “legal” by interpretation of supreme justices to stealelections and is there a symbiotic circular power that dolesout, prints, money for a sector of the economy to then exerciseit’s “freedom of speech” ( pimping ) in lobbying and buying( owning ) representation by financing political ( whores ) to deliversector friendly legislation marketed as just “law”, ( civilization devolving into chaos via fascism ). mr. o, we have seen publicly violatedby his own policy to bailout wall st. via justice k. etc. as alwaysthe taxpayer, present and future, and pensioner must pay for all folly, thank you forplaying the “you get it in the rear for caring” game..i thought that “God” had no skin in the game whenit comes to mankind and that is why we have so manyforsaken. then i thought what is the function of thisconcept of “God”? how does it relate to time and the concept/sof time and man and his concept of himself? ( itself ).and gender variations…in time/s..and of technology and education and familial relations andthe socialization process as it relates to maturity, identityand the creative capacity for humanity to solve problems, makeproblems and blow smoke up other peoples arses..i wondered how is it that so few people could screw so manyout of so much for so long? i still wonder. ( see “law” )..and i have observed this. all law depends, primarily, on onething and, primarily, it is NOT enforcement. it is VOLUNTARYCOMPLIANCE. without this no law can “live”. they must beinternalized or they die, hence we have a history of civildisobedience. to kill certain laws, to change the law andto make the law. a “persons” obligation to other “persons” andto him/her self. we also have a history of legal lawlessness in a number of sectors of the economy and society in general..so the question becomes how do a small group of peoplemanipulate the “masses” to live lives that are not in theirown interest, if indeed that is what is happening. i guessit is due to some combination of ignorance and illusion, satisfaction and threats of punishment, induction and indoctrination. joining the herd, belonging and adheringto the articulated description and imagery of “culture”.so we must educate to articulate “culture”.and educate to be rid of the destructive elements and forcesin the culture…and this relatedto biologic and neurological development so it takes time, energy and sympathy/empathy etc.. sensitization. and great balance….and technology as it relates to communication and cognitive development as this intersects with the basic imagery of thefamily unit… mother/ child/ father…..siblings and associatedneurological patterns. again, structure and function…lessonlearned, many wishing they were orphans..having said that i wonder if we have arrived at a point inour collective consciousness that could be characterized asperpetually adolescent? ( unconscious ) has the “information revolution” renderedthe individual, all individuals, inept? undeserving of identity?of secondary “person hood” due to lack of political affiliation this being the means of securing finances to buy legal and lawfullooting, this being systemically essential.have we forsaken thought and the mind as corporations have none.no heart and no recognition of the individual “person”, but onlytheir function as in their “cog ness”.incapable of synthesizing it all in a functional, humane way? or incapable or reaching maturity. we seem to go right from adolescence to senility never reaching maturity or a state ofcivility. consciousness. forgotten oscar wilde quote goes here..leading to collapse welcomed with open arms, and the arms willbe many?.i see a man trying so hard to be a father to strangers andthey, so wanting to see a father in a stranger, on a stage withno curtain but the light of day..one thing we do is adapt, for better or worse. there is always someone exploring those limits. perhaps everyone? perhaps we have reached a limit to which further adaptation is not possible..that may be the elusive meaning of maturity. i wonder.where insanity becomes lucid, does man evolve?.and they say there is looting in haiti, ( for survival ) andthey say there is looting on wall st. ( for survival ), but…they are different and are met with different responses butthere is no opacity, only transparency, in viewing the differingresponses. it is systemic, ( the system ) that does not workfor some “persons” but is designed to create and sustain other”persons”, whatever a person might or might not be.bail outs maintain the fed, why they call it “the fed”. othersmust feed themselves if there is anything left after the fed havebeen fed..so now all pet owners should be able to declare their pets as”persons” and reap whatever gains this “distinction” may afford.or can fiat “persons” coexist with natural “persons”. do we notknow what a person is? at the highest levels of supreme justice?of course we don’t! if we did, we wouldn’t be able to wipe themout so carelessly, that is the natural persons. consider there may be a lag in realizationbetween being doomed and the perception or experience, with perhapsan opportunity to avert the thing, but only perhaps.but then again it is all taking place in a delusional and synthetic concept of time on the one hand yet crushing the momenton the other..that was my nightmare. when some people woke up their realitywas even worse, but are they really “persons”. conscious persons?apparently consciousness is not a prerequisite for person hood?i guess we already knew that.

blindpersonJanuary 22nd, 2010 at 2:29 pm

http://www.fdic.gov/news/news/speeches/chairman/spjan1410.html.Statement of Sheila C. Bair, Chairman, Federal Deposit Insurance Corporation on the Causes and Current State of the Financial Crisis before the Financial Crisis Inquiry Commission; Room 1100, Longworth House Office BuildingJanuary 14, 2010.Conclusion”In my testimony today, I have discussed some of the financial sector developments that fueled a speculative boom in housing that ended badly—for consumers, savers, financial institutions, and our entire economy. As the committee examines the causes of the financial crisis, it should also consider long-standing features of the broader economy that may have contributed to the excesses that led to the crisis.This crisis represents the culmination of a decades-long process by which our national policies have distorted economic activity away from savings and toward consumption, away from investment in our industrial base and public infrastructure and toward housing, away from the real sectors of our economy and toward the financial sector. No single policy is responsible for these distortions, and no one reform can restore balance to our economy. We need to examine national policies from a long-term view and ask whether they will create the incentives that will lead to improved and sustainable standards of living for our citizens over time.For example, federal tax policy has long favored investment in owner-occupied housing and the consumption of housing services. The government-sponsored housing enterprises have also used the implicit backing of the government to lower the cost of mortgage credit and stimulate demand for housing and housing-linked debt. In political terms, these policies have proven to be highly popular. Who will stand up to say they are against homeownership? Yet, we have failed to recognize that there are both opportunity costs and downside risks associated with these policies. Policies that channel capital towards housing necessarily divert capital from other investments, such as plant and equipment, technology, and education—investments that are also necessary for long-term economic growth and improved standards of living.As the housing boom gathered steam in this decade, there is little doubt that large-scale government housing subsidies only encouraged more residential investment. These policies amplified the boom as well as the resulting bust. In the end, government housing policy failed to deliver on its promise to promote homeownership and long-term prosperity. Where homeownership was once regarded as a tool for building household wealth, it has instead consumed the wealth of many households. At present, foreclosures are nearing 3 million per year and the rise of housing-linked debt has resulted in more than 15 million households owing more than their home is worth.But this is not the only example of well-intentioned policies that have distorted economic activity in potentially harmful ways. For example, the preferential tax rate on capital gains, which is designed to promote long-term capital investment, has been exploited by private equity and hedge fund managers to reduce the effective tax rate on the outsized incomes earned by the relatively few who work in these industries. And while the establishment of emergency backstops to contain financial crises can help to limit damage to the wider economy in the short-run, without needed reforms these policies will promote financial activity and risk-taking at the expense of other sectors of the economy.Corporate sector practices also had the effect of distorting of decision-making away from long-term profitability and stability and toward short-term gains with insufficient regard for risk. For example, performance bonuses and equity-based compensation should have aligned the financial interests of shareholders and managers. Instead, we now see—especially in the financial sector—that they frequently had the effect of promoting short-term thinking and excessive risk-taking that bred instability in our financial system. Meaningful reform of these practices will be essential to promote better long-term decision-making in the U.S. corporate sector.Whatever the reasons, our financial sector has grown disproportionately in relation to the rest of our economy over time. Whereas the financial sector claimed less than 15 percent of total U.S. corporate profits in the 1950s and 1960s, its share grew to 25 percent in the 1990s and 34 percent in the most recent decade through 2008. The financial services industry produces intermediate products that are not directly consumed—transactions services and products that channel savings into investment capital. While these services are essential to our modern economy, the excesses of the last decade represented a costly diversion of resources from other sectors of the economy. We must avoid policies that encourage such distortions in economic activity. Fixing regulation will only accomplish so much. Longer term, we must develop a more strategic approach that utilizes all available policy tools—fiscal, monetary, and regulatory—to lead us toward a longer-term, more stable, and more widely-shared prosperity.”

blindpersonJanuary 22nd, 2010 at 3:14 pm

iow,all is not well with our understanding of theword “person” and we really should be able tonail that one. if not, then we are just toostupid to survive our own “technologicalrevolution”.

Octavio RichettaJanuary 22nd, 2010 at 4:01 pm

The big boyz in WS make WAY TOO MUCH money for the amount of value added they contribute to the economy. Datz the point Sheila is trying to make. Diz has got to change!

Octavio RichettaJanuary 22nd, 2010 at 4:09 pm

Ok, it looks like Da’ bears may be back. DOW and S&P500 over 2% down for the year. Me, I am now down 0.3% YTD but I was as much as 3% down until VXX started to behave. I dollar-cost averaged into VXX too early. VXX is now about 17% of my portfolio. Call option trading on VIX has gone through the roof but I rather stick to the real thing instead of having a time gun on my head ticking until expiration day.

PeterJBJanuary 22nd, 2010 at 4:14 pm

“comment : i disagree in that the greatest human achievement isthe capacity of the human mind to symbolically model in consciousness the physical world and “accurately” represent and communicate these models to one another, minds, and to recognizeand appreciate the difference between a word, a representation,a model, a concept and the actual “thing” itself. and also appreciate the manifest, self evident, connectedness of everything.”@ blindman (together with a magnificent insight to Pythagorean Magic).You are, of course, so correct whereby “The greatest human achievement is the subordination of government to law. “… appears, according Julian Jaynes, to have been an imposition – if my interpretation is valid, which begs the question, just what is consciousness? or more importantly, we know clearly the definition of intelligence and intellect, and indeed, we ‘under-stand’ herd mentalities or those craven and panicked out-of-control enforced explosive reactions of neither reason and or the expression of sheer unleashed fear in and of a collective state. The expression of mindless collective desperation.The Supreme Court of the USA cannot see any difference between individuals and corporations so they declare corporations the rights of individuals but without any of the responsibilities. Obviously, for this decision to be logical, considering the spirit and high esteem granted by the view of God’s man, this decision was simply bought, but, the implications are beyond imagination. Simply put, in terms of physics of the biological nature, it means that corporations have become integral function eg, livers, kidneys, hearts etc., of the bodybut, have they and does this “high and Supreme” Law (of little men), accurately define the analogy. Or, is this Law valid and consistent with Universal Principles and Parochial Principles upon which our “under-standing” of Law is fundamentally based, founded and grounded?Obviously the answer is “No”! Then, the decision is consistent with Occam’s Razor, that is to say, the decision was bought and paid for, as aforesaid!There is now only one condition that correctly defines the state of global humanity in its “leadership” at the present moment which is “extremis” or that state of desperation and panic, the death throes, of a biological life form in its collective state of being. Of course, this could also be attributed to the quadratic negative of a bifurcation and birth of an abortive twin; a separation of state and birth of complicity; a thing that is at this time indefinable, which implies that it could not have been planned or pre-conceived!Regardless, humanity is comprised of unique individuals comprised of both males and females (and the grey bridging areas) so by giving birth to avatars in the form of corporations that have now emerged to be of Supreme and beyond Law, and to have and hold the Supreme Right to the resources of all individuals and the result of their “work”, i.e. the FedRes feeding its chickens – privilege – we are and have declared ourselves as individuals, indeed, as blindman suggests, set ourselves up as the food of the corporate avatars. So are men then food(of the corporate avatars)? while those of the avatars, Gods, as some CEO’s appear to believe?Luckily, there is a basic flaw in the decision of the Supreme Court (which does not surprise) which is, as stated often enough, the spirit of Man, which is expressed in “revolution”, which means, by etymological definition, fulfilling the Word (Work)of God!It has been stated in these pages, that, insanity laughs the loudest, and when one analyses the transitional mechanics, at the appropriate scale, the prime logic of mathematical differentiation in terms of the continuation of Pythagorean Magic becomes very clear! Or, the transition of the saturated quantitative complex state to the new-born state of simplistic innocence is a complicit and energetic arrangement that undergoes highly complex differentiation; In other words, Alchemy, the Prime and single Universal Principle of all life and its propagation; the driving force behind that single golden thread that travels through all there is.No, we are not doomed but the pain, as always is in the details. Forgive them as they know not what they do!Person: A unique life form of the Planet Earth comprising from both male to female and making up the majority and dominant of all parochial (of Earth) life forms which tends to prefer to feed upon itself and cycles irrationally from disaster to disaster.Consciousness: The awareness of the emergent self.Ho hum

PeterJBJanuary 22nd, 2010 at 4:47 pm

Speaking of avatars searching for food:http://www.christs.cam.ac.uk/darknessvisible/zoomed_images/chaos_and_night_picture.htmlPlease view the image above.“In the beginning, God created the heavens and the earth. And the earth was chaos, and there was darkness over the abyss.” (Genesis—Mitchell translation)All this then is a state of familiar territory and part of our measure as we emerge along the path from Cause to our Effect (a long way off yet). This madness is what we do and, we also overcome the insanity but, not without consequences and it is these consequences that are the only method in which we shall learn.Or, we live to learn through suffering by our own hand.Lesson #1. Never put an “academic” in charge of anything!Ho hum

PeterJBJanuary 22nd, 2010 at 6:10 pm

And speaking of another bullsh*t (store high in transit) moment:“This thing is about showing the public that Obama is standing up to Wall Street. So the rhetoric is heated. But the implementation will require far less change than people think right now,” a person familiar with the thinking at the upper echelons of one of our largest banks said.http://www.businessinsider.com/big-banks-have-already-figured-out-the-loophole-in-obamas-new-rules-2010-1Ho hum

blindpersonJanuary 22nd, 2010 at 6:41 pm

pjb,amazing stuff / use of the language and itsprecursor! etc..one thing. when i copy your links lately theydo not copy as printed. i copy here /paste inanother page. when i paste all is well. when ienter to go to the page something changes and manysymbols &&% A &%% are added and the link is brokenand i get stuff like this ….Whoops…. and …ForbiddenYou don’t have permission to access /darknessvisible/zoomed_images/chaos_and_night_picture.html on this server..i realize it’s not your problem but… it seems to benew and specific to your links. anyway.?

PeterJBJanuary 22nd, 2010 at 7:08 pm

Google – the verbe: <John Martin, ‘The Bridge over Chaos’, illustration to Book X, 312 of Paradise Lost (1827), mezzotint.© Christ’s College Old Library>images – hopes that this helpsI guess that it is the frontier servers that proxy the original urls and are planted in separate regions around the World to make the Internet for efficient and faster, for those such as me living in third world countries.

PeterJBJanuary 22nd, 2010 at 7:11 pm

@ blindmanOr, just take the quotation of the whole text = copy and paste it in GoogleAfter 3 years I now have adsl2 – pretty slow but enough – A$100 per month 24 month contract only

blindpersonJanuary 22nd, 2010 at 8:37 pm

pjb,aha! got it..approximately one and half years ago i was traveling southfrom the otsego lake area of “upstate new york” and stoppedat a “stewart’s”, a convenience and gasoline establishment / chain.on the ground i saw a luna moth which now sits with me andthis laptop..thanks for the link and instructions.

PeterJBJanuary 23rd, 2010 at 2:24 am

Correction Alert:If I remember correctly they are called edge servers and not frontier servers.Apologies

Winston SmithJanuary 23rd, 2010 at 10:13 am

I picked up a couple of books from my library. One is a series of interviews with Allen Ginsberg. The other a book about the MLK assasination, ‘An Act of State’ by William Pepper. Its amazing what is kept hid from the American public on mass airwaves, but all one has to do is look. I recommend that Pepper book.Here’s a section of the Playboy interview with Ginsberg that I will hipster title as ‘Total Squareness’section of Playboy interview with Allen Ginsberg,Chicago, 1968AG-“..most older peple..are so sold on television sets and superfluous commercial gimmick amusements that they’ve forgotten about electric being and inside space and outside nature relationships in the human universe. Some garden, but too many of them are occupied in purely abstract mental worlds, like money power. They externalize their abstractions in creations like that John Hancock Building. Instead of using our space to create a humane construction overflowing with imagination and delight, a real-estate computer computed what the profitable angles, stresses, strains and maximum height should be, based on big-money downtown building site. That black tower is the product of nonhuman automatism, total squareness built literally on greed-usury extended in robotic directions and with robotic tenacity.Such desensitization has been closing in on human consciousness for centuries now, leading to complete disregard of the sensitive skin of the earth, the pollution of water and poisoning of the atmosphere. Who’s grooving and profiting from disrupting our ecology? What alternative economic structures are inevitable if the planet isn’t going to explode? The whole greed-money thing must be kicked like a junk habit. Obviously some type of equal use of moneys-as well as of sunlight and water-is appropriate, especially since in a mechanized society nobody really works. The guy who buys and sells the land on which the Hancock Building stands doesn’t do any productive work. Instead of making money by producing some product, he only plays with paper, with telephones on his desk, and makes money out of money; that’s usury, and usury creates these visible hells. The alternative is for the resources to belong to everybody.Playboy: Are you talking about collectivism, socialism- or anarchy”AG-Those are just words. To say the sun air and water belong to everybody makes more sense…..this planet is in the midst of a probably fatal sickness; the byproducts of that sickness include not only the political violence of real estate developers but all giant fantasies of the Cold War-the witch hunts, race paranoia, projections of threat and doom. The sickness will end in our destroying our own planet. All sorts of presidential and scientific advisory commission reports, books on biology and ecology, prove that we are literally destroying the earth because of vulgarly applied technology, irresponsibly planned military-consumer industrialization and waste of resources. We’ve got about 30 years left to get straight-or else.”We’ve passed the 30year point so apparently we’ve woken up some since this interview was given. Cause for hope? why not! Keep up the good work.link for interviewhttp://tinyurl.com/ybm9tuo

PeterJBJanuary 24th, 2010 at 2:35 am

But WHY?@ hlowe on 2010-01-23 21:29:09Due to the simple reason that we believe that we know something, if not everything that there is to know, whilst the reality is that we know very little, if anything at all.Or, unfounded arrogance, insolence and ignorance.Ho hum

blindpersonJanuary 24th, 2010 at 11:26 am

anosognosia (or lack of awareness of defect) and confabulation.these are the words i have been looking for!.but why? if the question is why is there consciousnessthat manifests “in” a self ( human ) in time i think thatyou would have to consider your own life from the beginningto this point, where we have arrived at this question, why?asking “why” is to state, i recognize an effect in consciousness /awareness and wish to model in consciousness / the mind, a relationship between this perceived effect and an unknownprecursor. presumably a cause. all in consciousness..consciousness may be the effect that is it’s own cause, confounding linear interpretation or analysis. like organic life itself,which seems to be its own cause in relation to matter and light.energy. or an effect of light returning to its source, matter,consciousness being, or “life” being a sort of moment of recognitionof a complete cycle. a chance for the universe to see itself.?.why do we ask “why”? my brother used to tell me it is because “why”, “y”,is a crooked letter. i thought that was brilliant and funny butperhaps it was “be cause” i admired my brother? now, years later,i don’t think it’s so funny but i appreciate the comments brillanceeven more..or is consciousness capable of seeing itself in the dark? no,that’s not it. can consciousness reflect off of any “surface”to see itself? does it have to?.here thoughts of linguistic elements, words, and associatedneurological structures both bicameral and core verses outerregions arise as these are intimately related, to the physical bodyand the environment it exists in. billions of years of sufferingand responding to that suffering at the cellular and geneticlevels..etc. here, death, the master teacher of the ages..i think functionality of structure puts suffering and demandson complexly integrated life forms and consciousness, as we knowit, arose out of necessity to sustain individual life, againthe taskmaster being suffering. sensitivity to pain is associatedwith “greater” consciousness me thinks. more neurons, greaterfunctionality, more tasking, greater variety of sensations. exposure to more and more potentially critical information. that on top of billions of years of neuralstructure and throw in a sleep cycle where images are tossed aroundfrom the core of the brain to parts unknown and reconfigured and stored there. occasionally in consciousness..so we conclude we have a self. a self to provide some continuityin consciousness to our manifest presence in time and space.even in dreams we have a self! how is that? how could it be otherwise?the description we have of that self is plastic and fluid or solid, depending on how we feel, or how we were indoctrinated or otherwisetrained, abused, enlightened…whathaveyou..old saying. ” if it ain’t broke, don’t fix it.”but what if it is broke?.we can perceive in this moment our existence. its complexity and its integration. but not so directly and not really in the moment, but symbolically and in the minds model of time, time frame. thisis what we refer to as normal, garden variety “consciousness”.if we were to be attentive to the moment “consciousness” wouldbreak down. most would fall asleep at this point! or we wouldthen feel the world, something few do and few are trained to do.i think of performers or athletes when at their best are “unconscious”. this is why they never have anything interestingto say when interviewed after the fact. they don’t remember anything to articulate about the event. metaphors and feelingsperhaps but that is it. singing to seagulls..garden variety consciousness is the tool of the author / authoritarian. the father and mother in contemporary “western”paradigm. it is a neurologically transmitted and stored narrative that is designed to control behavior and keep the flock together and intact. safety in herding instincts and all that. but consciousness reflecting on itself, flourishing, is a variation.a genie has been unleashed..”it is an operation”,jaynes, or a “verbe”, bolton..it is active, energized minds expressing truth in freedom, sensitivity to pain and suffering the catalyst..or.. concsiouness is the Man on Wire. the mind is the towersand their contents. he can go between the towers to either oneand descend stairways to any office or file. he is free butonly if he keeps his balance on the Wire..?why not?” a blind man sees his darkness ” j.jaynes…http://en.wikipedia.org/wiki/Anton%E2%80%93Babinski_syndrome.Anton–Babinski syndrome is a rare symptom of brain damage occurring in the occipital lobe. People who suffer from it are “cortically blind”, but affirm, often quite adamantly and in the face of clear evidence of their blindness, that they are capable of seeing. Failure to see is dismissed by the sufferer through confabulation. It is named after Gabriel Anton and Joseph Babinski..Anton–Babinski syndrome is mostly seen following a stroke, but may also be seen after head injury. It is well described by the neurologist Macdonald Critchley:The sudden development of bilateral occipital dysfunction is likely to produce transient physical and psychical effects in which mental confusion may be prominent. It may be some days before the relatives, or the nursing staff, tumble to the fact that the patient has actually become sightless. This is not only because the patient ordinarily does not volunteer the information that he has become blind, but he furthermore misleads his entourage by behaving and talking as though he were sighted. Attention is aroused however when the patient is found to collide with pieces of furniture, to fall over objects, and to experience difficulty in finding his way around. He may try to walk through a wall or through a closed door on his way from one room to another. Suspicion is still further alerted when he begins to describe people and objects around him which, as a matter of fact, are not there at all. Thus we have the twin symptoms of anosognosia (or lack of awareness of defect) and confabulation, the latter affecting both speech and behaviour.[1]The syndrome may be conceptualised ideally as the converse of blindsight: a syndrome in which part of the visual field is experienced as completely inoperative, but some reliable perception does in fact occur.[edit] CausesWhy patients with Anton–Babinski syndrome deny their blindness is unknown, although there are many theories. One theory is that damage to the visual cortex results in the inability to communicate with the speech-language areas of the brain. Visual imagery is received but cannot be interpreted; the speech centers of the brain confabulate a response.[2]..Eyes Of The World LyricsArtist(Band):Grateful Dead.Right outside this lazy summer homeyou ain’t got time to call your soul a critic no.Right outside the lazy gate of winter’s summer home,wond’rin’ where the nut-thatch winters,wings a mile long just carried the bird away.Wake up to find out that you are the eyes of the world,the heart has it’s beaches, it’s homeland and thoughts of it’s own.Wake now, discover that you are the song that the mornin’ brings,But the heart has it’s seasons, it’s evenin’s and songs of it’s own.There comes a redeemer, and he slowly too fades away,And there follows his wagon behind him that’s loaded with clay.And the seeds that were silent all burst into bloom, and decay,and night comes so quiet, it’s close on the heels of the day.Wake up to find out that you are the eyes of the world,the heart has it’s beaches, it’s homeland and thoughts of it’s own.Wake now, discover that you are the song that the mornin’ brings,But the heart has it’s seasons, it’s evenin’s and songs of it’s own.Sometimes we live no particular way but our own,And sometimes we visit your country and live in your home,sometimes we ride on your horses, sometimes we walk alone,sometimes the songs that we hear are just songs of our own.Wake up to find out that you are the eyes of the world,the heart has it’s beaches, it’s homeland and thoughts of it’s own.Wake now, discover that you are the song that the mornin’ brings,But the heart has it’s seasons, it’s evenin’s and songs of it’s own.

PeterJBJanuary 24th, 2010 at 1:16 pm

Hydranencephaly and anencephaly are two also interesting states of mind.Keyword: mindComment: What really is this and why?Perhaps the answer is “why not?”, or perhaps something has been overlooked and or ‘assumed’.Ho hum

blindmanJanuary 24th, 2010 at 2:43 pm

anosognosia. this is the state of consciousnessof self appointed or special interest “leadership”,desensitized and distanced from those led. ( asking for trouble ).iow, government as practiced with and maintained byconfabulation, or in the case of the u.s. ,conflabulation. i don’t see how the other terms,hydranencephaly and anencephaly, fit in but theyalso sound horrible. even worse, fatal.

blindmanJanuary 24th, 2010 at 4:48 pm

pjb,clarification request.@”Comment: What really is this and why?”how are you using the word “this”? this blog? thisuniverse? this consciousness?ps.assumptions are aplenty and some are very flawed butthey are indispensable regarding functionality, symbolic representationsand communications, me thinks. which one / s are leadingto despair and destruction i’m asking. ?

GuestJanuary 24th, 2010 at 5:05 pm

Faber is a libertarian who acts like a fool changing his opinion every 5 seconds to get news coverage, the guy is a media whore and will say anything for attention, plus libertarianism is insanity.

GuestJanuary 24th, 2010 at 10:03 pm

I was told to say this:China will be our largest opposing partner in the coming years. The overturn in judicial ruling we saw this week is to help facilitate domestic companies competing overseas….

GuestJanuary 24th, 2010 at 11:10 pm

It is fascinating that “we can perceive in this moment our existence…”But why is there space, anything to be Consciousness of, be it organic or inorganic matter, all that we sense with our receptors, nose, eyes, ears, tongue, skin and perhaps??It is interesting we can make up the answer to this question and pass it on to followers who are easily satisfied to believe that which makes them feel better.Speaking of blindhttp://www.google.com/search?source=ig&hl=en&rlz=1G1ACGW_ENUS362&q=blind+people+near+death&aq=o&oq=&aqi=Dr. Kenneth Ring and researcher Sharon Cooper interviewed 31 blind people. Many of them claimed to have sight during their near death experiences.Some of these people are children who tell the familiar stories of all encompassing bright white light, filled with of love and piece. And you know, the out of body experience the proceeds.hlowe

PeterJBJanuary 25th, 2010 at 3:48 am

@ blindmanYes = “this”time is phenomenon uniquespace = Yes, where infinite possibility abounds and or becomes probability er, in riskit appears to me that THE only meaningful phenomena, worthy of consideration, IS consciousness, and if i am correct, then our state of knowledge at this particular time, is rather poor and,far less of a state as compared to that time when the knowledge of the ancient Egyptians originated and,I speak in terms of intellect or physics of qualitative irrational volume and not of intelligence that is of technology or quantitative linear superficiality, or all phenomenon do technology but only the homo sapien sapien (the human that has differentiated to this state)does physics.hydranencephaly and anencephaly fits really! Why not?Assumptions are useful indeed Yes, but only while they remained named as “assumptions” (Pythagorean Magic)Ho hum

PeterJBJanuary 25th, 2010 at 4:12 am

@ blindmanRe-reading your posts I think that you are asking if we can attain to certainty(?), and if so, my answer is Yes, I believe that we can in terms of physics but never, ever, in the behaviours of men; nor should we seek, ever, this certainty in the behaviours of men; ever!As I have said many times here and elsewhere, we are now again in the situation to get the fundamentals right, so that we can commence re-building.I believe that we can now solve consciousness – and it is very simple!Ho hum

London BankerJanuary 25th, 2010 at 4:13 am

I’m fine, thanks.I don’t check in every day, but I still miss the blog posse here.It sort of feels like summer 2007 all over again, the plateau before the chasm. There are a lot of signals that liquidity is going to be rationed soon, with the usual preferential access to the predators and the sad defaults on margin calls for the prey. Maybe they’ll play the denial of liquidity attack to spur the confirmation of Bernanke? Wouldn’t put it past them.

@ Guest,I was told to say this: China will be our largest opposing partner in the coming years. opposing partner, good one.January 25th, 2010 at 8:37 pm

http://www.truthdig.com/report/item/democracy_in_america_is_a_useful_fiction_20100124/Posted on Jan 24, 2010Original: AP / Charles DharapakBy Chris HedgesCorporate forces, long before the Supreme Court’s decision in Citizens United v. Federal Election Commission, carried out a coup d’état in slow motion. The coup is over. We lost. The ruling is one more judicial effort to streamline mechanisms for corporate control. It exposes the myth of a functioning democracy and the triumph of corporate power. But it does not significantly alter the political landscape. The corporate state is firmly cemented in place.The fiction of democracy remains useful, not only for corporations, but for our bankrupt liberal class. If the fiction is seriously challenged, liberals will be forced to consider actual resistance, which will be neither pleasant nor easy. As long as a democratic facade exists, liberals can engage in an empty moral posturing that requires little sacrifice or commitment. They can be the self-appointed scolds of the Democratic Party, acting as if they are part of the debate and feel vindicated by their cries of protest.Much of the outrage expressed about the court’s ruling is the outrage of those who prefer this choreographed charade. As long as the charade is played, they do not have to consider how to combat what the political philosopher Sheldon Wolin calls our system of “inverted totalitarianism.”Inverted totalitarianism represents “the political coming of age of corporate power and the political demobilization of the citizenry,” Wolin writes in “Democracy Incorporated.” Inverted totalitarianism differs from classical forms of totalitarianism, which revolve around a demagogue or charismatic leader, and finds its expression in the anonymity of the corporate state. The corporate forces behind inverted totalitarianism do not, as classical totalitarian movements do, boast of replacing decaying structures with a new, revolutionary structure. They purport to honor electoral politics, freedom and the Constitution. But they so corrupt and manipulate the levers of power as to make democracy impossible.Inverted totalitarianism is not conceptualized as an ideology or objectified in public policy. It is furthered by “power-holders and citizens who often seem unaware of the deeper consequences of their actions or inactions,” Wolin writes. But it is as dangerous as classical forms of totalitarianism. In a system of inverted totalitarianism, as this court ruling illustrates, it is not necessary to rewrite the Constitution, as fascist and communist regimes do. It is enough to exploit legitimate power by means of judicial and legislative interpretation. This exploitation ensures that huge corporate campaign contributions are protected speech under the First Amendment. It ensures that heavily financed and organized lobbying by large corporations is interpreted as an application of the people’s right to petition the government. The court again ratified the concept that corporations are persons, except in those cases where the “persons” agree to a “settlement.” Those within corporations who commit crimes can avoid going to prison by paying large sums of money to the government while, according to this twisted judicial reasoning, not “admitting any wrongdoing.” There is a word for this. It is called corruption.AdvertisementCorporations have 35,000 lobbyists in Washington and thousands more in state capitals that dole out corporate money to shape and write legislation. They use their political action committees to solicit employees and shareholders for donations to fund pliable candidates. The financial sector, for example, spent more than $5 billion on political campaigns, influence peddling and lobbying during the past decade, which resulted in sweeping deregulation, the gouging of consumers, our global financial meltdown and the subsequent looting of the U.S. Treasury. The Pharmaceutical Research and Manufacturers of America spent $26 million last year and drug companies such as Pfizer, Amgen and Eli Lilly kicked in tens of millions more to buy off the two parties. These corporations have made sure our so-called health reform bill will force us to buy their predatory and defective products. The oil and gas industry, the coal industry, defense contractors and telecommunications companies have thwarted the drive for sustainable energy and orchestrated the steady erosion of civil liberties. Politicians do corporate bidding and stage hollow acts of political theater to keep the fiction of the democratic state alive.There is no national institution left that can accurately be described as democratic. Citizens, rather than participate in power, are allowed to have virtual opinions to preordained questions, a kind of participatory fascism as meaningless as voting on “American Idol.” Mass emotions are directed toward the raging culture wars. This allows us to take emotional stands on issues that are inconsequential to the power elite.Our transformation into an empire, as happened in ancient Athens and Rome, has seen the tyranny we practice abroad become the tyranny we practice at home. We, like all empires, have been eviscerated by our own expansionism. We utilize weapons of horrific destructive power, subsidize their development with billions in taxpayer dollars, and are the world’s largest arms dealer. And the Constitution, as Wolin notes, is “conscripted to serve as power’s apprentice rather than its conscience.”.(Page 2)“Inverted totalitarianism reverses things,” Wolin writes. “It is politics all of the time but a politics largely untempered by the political. Party squabbles are occasionally on public display, and there is a frantic and continuous politics among factions of the party, interest groups, competing corporate powers, and rival media concerns. And there is, of course, the culminating moment of national elections when the attention of the nation is required to make a choice of personalities rather than a choice between alternatives. What is absent is the political, the commitment to finding where the common good lies amidst the welter of well-financed, highly organized, single-minded interests rabidly seeking governmental favors and overwhelming the practices of representative government and public administration by a sea of cash.”Hollywood, the news industry and television, all corporate controlled, have become instruments of inverted totalitarianism. They censor or ridicule those who critique or challenge corporate structures and assumptions. They saturate the airwaves with manufactured controversy, whether it is Tiger Woods or the dispute between Jay Leno and Conan O’Brien. They manipulate images to make us confuse how we are made to feel with knowledge, which is how Barack Obama became president. And the draconian internal control employed by the Department of Homeland Security, the military and the police over any form of popular dissent, coupled with the corporate media’s censorship, does for inverted totalitarianism what thugs and bonfires of books do in classical totalitarian regimes.“It seems a replay of historical experience that the bias displayed by today’s media should be aimed consistently at the shredded remains of liberalism,” Wolin writes. “Recall that an element common to most 20th century totalitarianism, whether Fascist or Stalinist, was hostility towards the left. In the United States, the left is assumed to consist solely of liberals, occasionally of ‘the left wing of the Democratic Party,’ never of democrats.”Liberals, socialists, trade unionists, independent journalists and intellectuals, many of whom were once important voices in our society, have been silenced or targeted for elimination within corporate-controlled academia, the media and government. Wolin, who taught at Berkeley and later at Princeton, is arguably the country’s foremost political philosopher. And yet his book was virtually ignored. This is also why Ralph Nader, Dennis Kucinich and Cynthia McKinney, along with intellectuals like Noam Chomsky, are not given a part in our national discourse.AdvertisementThe uniformity of opinion is reinforced by the skillfully orchestrated mass emotions of nationalism and patriotism, which paints all dissidents as “soft” or “unpatriotic.” The “patriotic” citizen, plagued by fear of job losses and possible terrorist attacks, unfailingly supports widespread surveillance and the militarized state. This means no questioning of the $1 trillion in defense-related spending. It means that the military and intelligence agencies are held above government, as if somehow they are not part of government. The most powerful instruments of state power and control are effectively removed from public discussion. We, as imperial citizens, are taught to be contemptuous of government bureaucracy, yet we stand like sheep before Homeland Security agents in airports and are mute when Congress permits our private correspondence and conversations to be monitored and archived. We endure more state control than at any time in American history.The civic, patriotic and political language we use to describe ourselves remains unchanged. We pay fealty to the same national symbols and iconography. We find our collective identity in the same national myths. We continue to deify the Founding Fathers. But the America we celebrate is an illusion. It does not exist. Our government and judiciary have no real sovereignty. Our press provides diversion, not information. Our organs of security and power keep us as domesticated and as fearful as most Iraqis. Capitalism, as Karl Marx understood, when it emasculates government, becomes a revolutionary force. And this revolutionary force, best described as inverted totalitarianism, is plunging us into a state of neo-feudalism, perpetual war and severe repression. The Supreme Court decision is part of our transformation by the corporate state from citizens to prisoners..

@ Guest,I was told to say this: China will be our largest opposing partner in the coming years. opposing partner, good one.January 25th, 2010 at 8:37 pm

http://www.truthdig.com/report/item/democracy_in_america_is_a_useful_fiction_20100124/Posted on Jan 24, 2010Original: AP / Charles DharapakBy Chris HedgesCorporate forces, long before the Supreme Court’s decision in Citizens United v. Federal Election Commission, carried out a coup d’état in slow motion. The coup is over. We lost. The ruling is one more judicial effort to streamline mechanisms for corporate control. It exposes the myth of a functioning democracy and the triumph of corporate power. But it does not significantly alter the political landscape. The corporate state is firmly cemented in place.The fiction of democracy remains useful, not only for corporations, but for our bankrupt liberal class. If the fiction is seriously challenged, liberals will be forced to consider actual resistance, which will be neither pleasant nor easy. As long as a democratic facade exists, liberals can engage in an empty moral posturing that requires little sacrifice or commitment. They can be the self-appointed scolds of the Democratic Party, acting as if they are part of the debate and feel vindicated by their cries of protest.Much of the outrage expressed about the court’s ruling is the outrage of those who prefer this choreographed charade. As long as the charade is played, they do not have to consider how to combat what the political philosopher Sheldon Wolin calls our system of “inverted totalitarianism.”Inverted totalitarianism represents “the political coming of age of corporate power and the political demobilization of the citizenry,” Wolin writes in “Democracy Incorporated.” Inverted totalitarianism differs from classical forms of totalitarianism, which revolve around a demagogue or charismatic leader, and finds its expression in the anonymity of the corporate state. The corporate forces behind inverted totalitarianism do not, as classical totalitarian movements do, boast of replacing decaying structures with a new, revolutionary structure. They purport to honor electoral politics, freedom and the Constitution. But they so corrupt and manipulate the levers of power as to make democracy impossible.Inverted totalitarianism is not conceptualized as an ideology or objectified in public policy. It is furthered by “power-holders and citizens who often seem unaware of the deeper consequences of their actions or inactions,” Wolin writes. But it is as dangerous as classical forms of totalitarianism. In a system of inverted totalitarianism, as this court ruling illustrates, it is not necessary to rewrite the Constitution, as fascist and communist regimes do. It is enough to exploit legitimate power by means of judicial and legislative interpretation. This exploitation ensures that huge corporate campaign contributions are protected speech under the First Amendment. It ensures that heavily financed and organized lobbying by large corporations is interpreted as an application of the people’s right to petition the government. The court again ratified the concept that corporations are persons, except in those cases where the “persons” agree to a “settlement.” Those within corporations who commit crimes can avoid going to prison by paying large sums of money to the government while, according to this twisted judicial reasoning, not “admitting any wrongdoing.” There is a word for this. It is called corruption.AdvertisementCorporations have 35,000 lobbyists in Washington and thousands more in state capitals that dole out corporate money to shape and write legislation. They use their political action committees to solicit employees and shareholders for donations to fund pliable candidates. The financial sector, for example, spent more than $5 billion on political campaigns, influence peddling and lobbying during the past decade, which resulted in sweeping deregulation, the gouging of consumers, our global financial meltdown and the subsequent looting of the U.S. Treasury. The Pharmaceutical Research and Manufacturers of America spent $26 million last year and drug companies such as Pfizer, Amgen and Eli Lilly kicked in tens of millions more to buy off the two parties. These corporations have made sure our so-called health reform bill will force us to buy their predatory and defective products. The oil and gas industry, the coal industry, defense contractors and telecommunications companies have thwarted the drive for sustainable energy and orchestrated the steady erosion of civil liberties. Politicians do corporate bidding and stage hollow acts of political theater to keep the fiction of the democratic state alive.There is no national institution left that can accurately be described as democratic. Citizens, rather than participate in power, are allowed to have virtual opinions to preordained questions, a kind of participatory fascism as meaningless as voting on “American Idol.” Mass emotions are directed toward the raging culture wars. This allows us to take emotional stands on issues that are inconsequential to the power elite.Our transformation into an empire, as happened in ancient Athens and Rome, has seen the tyranny we practice abroad become the tyranny we practice at home. We, like all empires, have been eviscerated by our own expansionism. We utilize weapons of horrific destructive power, subsidize their development with billions in taxpayer dollars, and are the world’s largest arms dealer. And the Constitution, as Wolin notes, is “conscripted to serve as power’s apprentice rather than its conscience.”.(Page 2)“Inverted totalitarianism reverses things,” Wolin writes. “It is politics all of the time but a politics largely untempered by the political. Party squabbles are occasionally on public display, and there is a frantic and continuous politics among factions of the party, interest groups, competing corporate powers, and rival media concerns. And there is, of course, the culminating moment of national elections when the attention of the nation is required to make a choice of personalities rather than a choice between alternatives. What is absent is the political, the commitment to finding where the common good lies amidst the welter of well-financed, highly organized, single-minded interests rabidly seeking governmental favors and overwhelming the practices of representative government and public administration by a sea of cash.”Hollywood, the news industry and television, all corporate controlled, have become instruments of inverted totalitarianism. They censor or ridicule those who critique or challenge corporate structures and assumptions. They saturate the airwaves with manufactured controversy, whether it is Tiger Woods or the dispute between Jay Leno and Conan O’Brien. They manipulate images to make us confuse how we are made to feel with knowledge, which is how Barack Obama became president. And the draconian internal control employed by the Department of Homeland Security, the military and the police over any form of popular dissent, coupled with the corporate media’s censorship, does for inverted totalitarianism what thugs and bonfires of books do in classical totalitarian regimes.“It seems a replay of historical experience that the bias displayed by today’s media should be aimed consistently at the shredded remains of liberalism,” Wolin writes. “Recall that an element common to most 20th century totalitarianism, whether Fascist or Stalinist, was hostility towards the left. In the United States, the left is assumed to consist solely of liberals, occasionally of ‘the left wing of the Democratic Party,’ never of democrats.”Liberals, socialists, trade unionists, independent journalists and intellectuals, many of whom were once important voices in our society, have been silenced or targeted for elimination within corporate-controlled academia, the media and government. Wolin, who taught at Berkeley and later at Princeton, is arguably the country’s foremost political philosopher. And yet his book was virtually ignored. This is also why Ralph Nader, Dennis Kucinich and Cynthia McKinney, along with intellectuals like Noam Chomsky, are not given a part in our national discourse.AdvertisementThe uniformity of opinion is reinforced by the skillfully orchestrated mass emotions of nationalism and patriotism, which paints all dissidents as “soft” or “unpatriotic.” The “patriotic” citizen, plagued by fear of job losses and possible terrorist attacks, unfailingly supports widespread surveillance and the militarized state. This means no questioning of the $1 trillion in defense-related spending. It means that the military and intelligence agencies are held above government, as if somehow they are not part of government. The most powerful instruments of state power and control are effectively removed from public discussion. We, as imperial citizens, are taught to be contemptuous of government bureaucracy, yet we stand like sheep before Homeland Security agents in airports and are mute when Congress permits our private correspondence and conversations to be monitored and archived. We endure more state control than at any time in American history.The civic, patriotic and political language we use to describe ourselves remains unchanged. We pay fealty to the same national symbols and iconography. We find our collective identity in the same national myths. We continue to deify the Founding Fathers. But the America we celebrate is an illusion. It does not exist. Our government and judiciary have no real sovereignty. Our press provides diversion, not information. Our organs of security and power keep us as domesticated and as fearful as most Iraqis. Capitalism, as Karl Marx understood, when it emasculates government, becomes a revolutionary force. And this revolutionary force, best described as inverted totalitarianism, is plunging us into a state of neo-feudalism, perpetual war and severe repression. The Supreme Court decision is part of our transformation by the corporate state from citizens to prisoners..

@ Guest,I was told to say this: China will be our largest opposing partner in the coming years. opposing partner, good one.January 25th, 2010 at 8:37 pm

http://www.truthdig.com/report/item/democracy_in_america_is_a_useful_fiction_20100124/Posted on Jan 24, 2010Original: AP / Charles DharapakBy Chris HedgesCorporate forces, long before the Supreme Court’s decision in Citizens United v. Federal Election Commission, carried out a coup d’état in slow motion. The coup is over. We lost. The ruling is one more judicial effort to streamline mechanisms for corporate control. It exposes the myth of a functioning democracy and the triumph of corporate power. But it does not significantly alter the political landscape. The corporate state is firmly cemented in place.The fiction of democracy remains useful, not only for corporations, but for our bankrupt liberal class. If the fiction is seriously challenged, liberals will be forced to consider actual resistance, which will be neither pleasant nor easy. As long as a democratic facade exists, liberals can engage in an empty moral posturing that requires little sacrifice or commitment. They can be the self-appointed scolds of the Democratic Party, acting as if they are part of the debate and feel vindicated by their cries of protest.Much of the outrage expressed about the court’s ruling is the outrage of those who prefer this choreographed charade. As long as the charade is played, they do not have to consider how to combat what the political philosopher Sheldon Wolin calls our system of “inverted totalitarianism.”Inverted totalitarianism represents “the political coming of age of corporate power and the political demobilization of the citizenry,” Wolin writes in “Democracy Incorporated.” Inverted totalitarianism differs from classical forms of totalitarianism, which revolve around a demagogue or charismatic leader, and finds its expression in the anonymity of the corporate state. The corporate forces behind inverted totalitarianism do not, as classical totalitarian movements do, boast of replacing decaying structures with a new, revolutionary structure. They purport to honor electoral politics, freedom and the Constitution. But they so corrupt and manipulate the levers of power as to make democracy impossible.Inverted totalitarianism is not conceptualized as an ideology or objectified in public policy. It is furthered by “power-holders and citizens who often seem unaware of the deeper consequences of their actions or inactions,” Wolin writes. But it is as dangerous as classical forms of totalitarianism. In a system of inverted totalitarianism, as this court ruling illustrates, it is not necessary to rewrite the Constitution, as fascist and communist regimes do. It is enough to exploit legitimate power by means of judicial and legislative interpretation. This exploitation ensures that huge corporate campaign contributions are protected speech under the First Amendment. It ensures that heavily financed and organized lobbying by large corporations is interpreted as an application of the people’s right to petition the government. The court again ratified the concept that corporations are persons, except in those cases where the “persons” agree to a “settlement.” Those within corporations who commit crimes can avoid going to prison by paying large sums of money to the government while, according to this twisted judicial reasoning, not “admitting any wrongdoing.” There is a word for this. It is called corruption.AdvertisementCorporations have 35,000 lobbyists in Washington and thousands more in state capitals that dole out corporate money to shape and write legislation. They use their political action committees to solicit employees and shareholders for donations to fund pliable candidates. The financial sector, for example, spent more than $5 billion on political campaigns, influence peddling and lobbying during the past decade, which resulted in sweeping deregulation, the gouging of consumers, our global financial meltdown and the subsequent looting of the U.S. Treasury. The Pharmaceutical Research and Manufacturers of America spent $26 million last year and drug companies such as Pfizer, Amgen and Eli Lilly kicked in tens of millions more to buy off the two parties. These corporations have made sure our so-called health reform bill will force us to buy their predatory and defective products. The oil and gas industry, the coal industry, defense contractors and telecommunications companies have thwarted the drive for sustainable energy and orchestrated the steady erosion of civil liberties. Politicians do corporate bidding and stage hollow acts of political theater to keep the fiction of the democratic state alive.There is no national institution left that can accurately be described as democratic. Citizens, rather than participate in power, are allowed to have virtual opinions to preordained questions, a kind of participatory fascism as meaningless as voting on “American Idol.” Mass emotions are directed toward the raging culture wars. This allows us to take emotional stands on issues that are inconsequential to the power elite.Our transformation into an empire, as happened in ancient Athens and Rome, has seen the tyranny we practice abroad become the tyranny we practice at home. We, like all empires, have been eviscerated by our own expansionism. We utilize weapons of horrific destructive power, subsidize their development with billions in taxpayer dollars, and are the world’s largest arms dealer. And the Constitution, as Wolin notes, is “conscripted to serve as power’s apprentice rather than its conscience.”.(Page 2)“Inverted totalitarianism reverses things,” Wolin writes. “It is politics all of the time but a politics largely untempered by the political. Party squabbles are occasionally on public display, and there is a frantic and continuous politics among factions of the party, interest groups, competing corporate powers, and rival media concerns. And there is, of course, the culminating moment of national elections when the attention of the nation is required to make a choice of personalities rather than a choice between alternatives. What is absent is the political, the commitment to finding where the common good lies amidst the welter of well-financed, highly organized, single-minded interests rabidly seeking governmental favors and overwhelming the practices of representative government and public administration by a sea of cash.”Hollywood, the news industry and television, all corporate controlled, have become instruments of inverted totalitarianism. They censor or ridicule those who critique or challenge corporate structures and assumptions. They saturate the airwaves with manufactured controversy, whether it is Tiger Woods or the dispute between Jay Leno and Conan O’Brien. They manipulate images to make us confuse how we are made to feel with knowledge, which is how Barack Obama became president. And the draconian internal control employed by the Department of Homeland Security, the military and the police over any form of popular dissent, coupled with the corporate media’s censorship, does for inverted totalitarianism what thugs and bonfires of books do in classical totalitarian regimes.“It seems a replay of historical experience that the bias displayed by today’s media should be aimed consistently at the shredded remains of liberalism,” Wolin writes. “Recall that an element common to most 20th century totalitarianism, whether Fascist or Stalinist, was hostility towards the left. In the United States, the left is assumed to consist solely of liberals, occasionally of ‘the left wing of the Democratic Party,’ never of democrats.”Liberals, socialists, trade unionists, independent journalists and intellectuals, many of whom were once important voices in our society, have been silenced or targeted for elimination within corporate-controlled academia, the media and government. Wolin, who taught at Berkeley and later at Princeton, is arguably the country’s foremost political philosopher. And yet his book was virtually ignored. This is also why Ralph Nader, Dennis Kucinich and Cynthia McKinney, along with intellectuals like Noam Chomsky, are not given a part in our national discourse.AdvertisementThe uniformity of opinion is reinforced by the skillfully orchestrated mass emotions of nationalism and patriotism, which paints all dissidents as “soft” or “unpatriotic.” The “patriotic” citizen, plagued by fear of job losses and possible terrorist attacks, unfailingly supports widespread surveillance and the militarized state. This means no questioning of the $1 trillion in defense-related spending. It means that the military and intelligence agencies are held above government, as if somehow they are not part of government. The most powerful instruments of state power and control are effectively removed from public discussion. We, as imperial citizens, are taught to be contemptuous of government bureaucracy, yet we stand like sheep before Homeland Security agents in airports and are mute when Congress permits our private correspondence and conversations to be monitored and archived. We endure more state control than at any time in American history.The civic, patriotic and political language we use to describe ourselves remains unchanged. We pay fealty to the same national symbols and iconography. We find our collective identity in the same national myths. We continue to deify the Founding Fathers. But the America we celebrate is an illusion. It does not exist. Our government and judiciary have no real sovereignty. Our press provides diversion, not information. Our organs of security and power keep us as domesticated and as fearful as most Iraqis. Capitalism, as Karl Marx understood, when it emasculates government, becomes a revolutionary force. And this revolutionary force, best described as inverted totalitarianism, is plunging us into a state of neo-feudalism, perpetual war and severe repression. The Supreme Court decision is part of our transformation by the corporate state from citizens to prisoners..

@ Guest,I was told to say this: China will be our largest opposing partner in the coming years. opposing partner, good one.January 25th, 2010 at 8:37 pm

http://www.truthdig.com/report/item/democracy_in_america_is_a_useful_fiction_20100124/Posted on Jan 24, 2010Original: AP / Charles DharapakBy Chris HedgesCorporate forces, long before the Supreme Court’s decision in Citizens United v. Federal Election Commission, carried out a coup d’état in slow motion. The coup is over. We lost. The ruling is one more judicial effort to streamline mechanisms for corporate control. It exposes the myth of a functioning democracy and the triumph of corporate power. But it does not significantly alter the political landscape. The corporate state is firmly cemented in place.The fiction of democracy remains useful, not only for corporations, but for our bankrupt liberal class. If the fiction is seriously challenged, liberals will be forced to consider actual resistance, which will be neither pleasant nor easy. As long as a democratic facade exists, liberals can engage in an empty moral posturing that requires little sacrifice or commitment. They can be the self-appointed scolds of the Democratic Party, acting as if they are part of the debate and feel vindicated by their cries of protest.Much of the outrage expressed about the court’s ruling is the outrage of those who prefer this choreographed charade. As long as the charade is played, they do not have to consider how to combat what the political philosopher Sheldon Wolin calls our system of “inverted totalitarianism.”Inverted totalitarianism represents “the political coming of age of corporate power and the political demobilization of the citizenry,” Wolin writes in “Democracy Incorporated.” Inverted totalitarianism differs from classical forms of totalitarianism, which revolve around a demagogue or charismatic leader, and finds its expression in the anonymity of the corporate state. The corporate forces behind inverted totalitarianism do not, as classical totalitarian movements do, boast of replacing decaying structures with a new, revolutionary structure. They purport to honor electoral politics, freedom and the Constitution. But they so corrupt and manipulate the levers of power as to make democracy impossible.Inverted totalitarianism is not conceptualized as an ideology or objectified in public policy. It is furthered by “power-holders and citizens who often seem unaware of the deeper consequences of their actions or inactions,” Wolin writes. But it is as dangerous as classical forms of totalitarianism. In a system of inverted totalitarianism, as this court ruling illustrates, it is not necessary to rewrite the Constitution, as fascist and communist regimes do. It is enough to exploit legitimate power by means of judicial and legislative interpretation. This exploitation ensures that huge corporate campaign contributions are protected speech under the First Amendment. It ensures that heavily financed and organized lobbying by large corporations is interpreted as an application of the people’s right to petition the government. The court again ratified the concept that corporations are persons, except in those cases where the “persons” agree to a “settlement.” Those within corporations who commit crimes can avoid going to prison by paying large sums of money to the government while, according to this twisted judicial reasoning, not “admitting any wrongdoing.” There is a word for this. It is called corruption.AdvertisementCorporations have 35,000 lobbyists in Washington and thousands more in state capitals that dole out corporate money to shape and write legislation. They use their political action committees to solicit employees and shareholders for donations to fund pliable candidates. The financial sector, for example, spent more than $5 billion on political campaigns, influence peddling and lobbying during the past decade, which resulted in sweeping deregulation, the gouging of consumers, our global financial meltdown and the subsequent looting of the U.S. Treasury. The Pharmaceutical Research and Manufacturers of America spent $26 million last year and drug companies such as Pfizer, Amgen and Eli Lilly kicked in tens of millions more to buy off the two parties. These corporations have made sure our so-called health reform bill will force us to buy their predatory and defective products. The oil and gas industry, the coal industry, defense contractors and telecommunications companies have thwarted the drive for sustainable energy and orchestrated the steady erosion of civil liberties. Politicians do corporate bidding and stage hollow acts of political theater to keep the fiction of the democratic state alive.There is no national institution left that can accurately be described as democratic. Citizens, rather than participate in power, are allowed to have virtual opinions to preordained questions, a kind of participatory fascism as meaningless as voting on “American Idol.” Mass emotions are directed toward the raging culture wars. This allows us to take emotional stands on issues that are inconsequential to the power elite.Our transformation into an empire, as happened in ancient Athens and Rome, has seen the tyranny we practice abroad become the tyranny we practice at home. We, like all empires, have been eviscerated by our own expansionism. We utilize weapons of horrific destructive power, subsidize their development with billions in taxpayer dollars, and are the world’s largest arms dealer. And the Constitution, as Wolin notes, is “conscripted to serve as power’s apprentice rather than its conscience.”.(Page 2)“Inverted totalitarianism reverses things,” Wolin writes. “It is politics all of the time but a politics largely untempered by the political. Party squabbles are occasionally on public display, and there is a frantic and continuous politics among factions of the party, interest groups, competing corporate powers, and rival media concerns. And there is, of course, the culminating moment of national elections when the attention of the nation is required to make a choice of personalities rather than a choice between alternatives. What is absent is the political, the commitment to finding where the common good lies amidst the welter of well-financed, highly organized, single-minded interests rabidly seeking governmental favors and overwhelming the practices of representative government and public administration by a sea of cash.”Hollywood, the news industry and television, all corporate controlled, have become instruments of inverted totalitarianism. They censor or ridicule those who critique or challenge corporate structures and assumptions. They saturate the airwaves with manufactured controversy, whether it is Tiger Woods or the dispute between Jay Leno and Conan O’Brien. They manipulate images to make us confuse how we are made to feel with knowledge, which is how Barack Obama became president. And the draconian internal control employed by the Department of Homeland Security, the military and the police over any form of popular dissent, coupled with the corporate media’s censorship, does for inverted totalitarianism what thugs and bonfires of books do in classical totalitarian regimes.“It seems a replay of historical experience that the bias displayed by today’s media should be aimed consistently at the shredded remains of liberalism,” Wolin writes. “Recall that an element common to most 20th century totalitarianism, whether Fascist or Stalinist, was hostility towards the left. In the United States, the left is assumed to consist solely of liberals, occasionally of ‘the left wing of the Democratic Party,’ never of democrats.”Liberals, socialists, trade unionists, independent journalists and intellectuals, many of whom were once important voices in our society, have been silenced or targeted for elimination within corporate-controlled academia, the media and government. Wolin, who taught at Berkeley and later at Princeton, is arguably the country’s foremost political philosopher. And yet his book was virtually ignored. This is also why Ralph Nader, Dennis Kucinich and Cynthia McKinney, along with intellectuals like Noam Chomsky, are not given a part in our national discourse.AdvertisementThe uniformity of opinion is reinforced by the skillfully orchestrated mass emotions of nationalism and patriotism, which paints all dissidents as “soft” or “unpatriotic.” The “patriotic” citizen, plagued by fear of job losses and possible terrorist attacks, unfailingly supports widespread surveillance and the militarized state. This means no questioning of the $1 trillion in defense-related spending. It means that the military and intelligence agencies are held above government, as if somehow they are not part of government. The most powerful instruments of state power and control are effectively removed from public discussion. We, as imperial citizens, are taught to be contemptuous of government bureaucracy, yet we stand like sheep before Homeland Security agents in airports and are mute when Congress permits our private correspondence and conversations to be monitored and archived. We endure more state control than at any time in American history.The civic, patriotic and political language we use to describe ourselves remains unchanged. We pay fealty to the same national symbols and iconography. We find our collective identity in the same national myths. We continue to deify the Founding Fathers. But the America we celebrate is an illusion. It does not exist. Our government and judiciary have no real sovereignty. Our press provides diversion, not information. Our organs of security and power keep us as domesticated and as fearful as most Iraqis. Capitalism, as Karl Marx understood, when it emasculates government, becomes a revolutionary force. And this revolutionary force, best described as inverted totalitarianism, is plunging us into a state of neo-feudalism, perpetual war and severe repression. The Supreme Court decision is part of our transformation by the corporate state from citizens to prisoners..

@ Guest,I was told to say this: China will be our largest opposing partner in the coming years. opposing partner, good one.January 25th, 2010 at 8:37 pm

http://www.truthdig.com/report/item/democracy_in_america_is_a_useful_fiction_20100124/Posted on Jan 24, 2010Original: AP / Charles DharapakBy Chris HedgesCorporate forces, long before the Supreme Court’s decision in Citizens United v. Federal Election Commission, carried out a coup d’état in slow motion. The coup is over. We lost. The ruling is one more judicial effort to streamline mechanisms for corporate control. It exposes the myth of a functioning democracy and the triumph of corporate power. But it does not significantly alter the political landscape. The corporate state is firmly cemented in place.The fiction of democracy remains useful, not only for corporations, but for our bankrupt liberal class. If the fiction is seriously challenged, liberals will be forced to consider actual resistance, which will be neither pleasant nor easy. As long as a democratic facade exists, liberals can engage in an empty moral posturing that requires little sacrifice or commitment. They can be the self-appointed scolds of the Democratic Party, acting as if they are part of the debate and feel vindicated by their cries of protest.Much of the outrage expressed about the court’s ruling is the outrage of those who prefer this choreographed charade. As long as the charade is played, they do not have to consider how to combat what the political philosopher Sheldon Wolin calls our system of “inverted totalitarianism.”Inverted totalitarianism represents “the political coming of age of corporate power and the political demobilization of the citizenry,” Wolin writes in “Democracy Incorporated.” Inverted totalitarianism differs from classical forms of totalitarianism, which revolve around a demagogue or charismatic leader, and finds its expression in the anonymity of the corporate state. The corporate forces behind inverted totalitarianism do not, as classical totalitarian movements do, boast of replacing decaying structures with a new, revolutionary structure. They purport to honor electoral politics, freedom and the Constitution. But they so corrupt and manipulate the levers of power as to make democracy impossible.Inverted totalitarianism is not conceptualized as an ideology or objectified in public policy. It is furthered by “power-holders and citizens who often seem unaware of the deeper consequences of their actions or inactions,” Wolin writes. But it is as dangerous as classical forms of totalitarianism. In a system of inverted totalitarianism, as this court ruling illustrates, it is not necessary to rewrite the Constitution, as fascist and communist regimes do. It is enough to exploit legitimate power by means of judicial and legislative interpretation. This exploitation ensures that huge corporate campaign contributions are protected speech under the First Amendment. It ensures that heavily financed and organized lobbying by large corporations is interpreted as an application of the people’s right to petition the government. The court again ratified the concept that corporations are persons, except in those cases where the “persons” agree to a “settlement.” Those within corporations who commit crimes can avoid going to prison by paying large sums of money to the government while, according to this twisted judicial reasoning, not “admitting any wrongdoing.” There is a word for this. It is called corruption.AdvertisementCorporations have 35,000 lobbyists in Washington and thousands more in state capitals that dole out corporate money to shape and write legislation. They use their political action committees to solicit employees and shareholders for donations to fund pliable candidates. The financial sector, for example, spent more than $5 billion on political campaigns, influence peddling and lobbying during the past decade, which resulted in sweeping deregulation, the gouging of consumers, our global financial meltdown and the subsequent looting of the U.S. Treasury. The Pharmaceutical Research and Manufacturers of America spent $26 million last year and drug companies such as Pfizer, Amgen and Eli Lilly kicked in tens of millions more to buy off the two parties. These corporations have made sure our so-called health reform bill will force us to buy their predatory and defective products. The oil and gas industry, the coal industry, defense contractors and telecommunications companies have thwarted the drive for sustainable energy and orchestrated the steady erosion of civil liberties. Politicians do corporate bidding and stage hollow acts of political theater to keep the fiction of the democratic state alive.There is no national institution left that can accurately be described as democratic. Citizens, rather than participate in power, are allowed to have virtual opinions to preordained questions, a kind of participatory fascism as meaningless as voting on “American Idol.” Mass emotions are directed toward the raging culture wars. This allows us to take emotional stands on issues that are inconsequential to the power elite.Our transformation into an empire, as happened in ancient Athens and Rome, has seen the tyranny we practice abroad become the tyranny we practice at home. We, like all empires, have been eviscerated by our own expansionism. We utilize weapons of horrific destructive power, subsidize their development with billions in taxpayer dollars, and are the world’s largest arms dealer. And the Constitution, as Wolin notes, is “conscripted to serve as power’s apprentice rather than its conscience.”.(Page 2)“Inverted totalitarianism reverses things,” Wolin writes. “It is politics all of the time but a politics largely untempered by the political. Party squabbles are occasionally on public display, and there is a frantic and continuous politics among factions of the party, interest groups, competing corporate powers, and rival media concerns. And there is, of course, the culminating moment of national elections when the attention of the nation is required to make a choice of personalities rather than a choice between alternatives. What is absent is the political, the commitment to finding where the common good lies amidst the welter of well-financed, highly organized, single-minded interests rabidly seeking governmental favors and overwhelming the practices of representative government and public administration by a sea of cash.”Hollywood, the news industry and television, all corporate controlled, have become instruments of inverted totalitarianism. They censor or ridicule those who critique or challenge corporate structures and assumptions. They saturate the airwaves with manufactured controversy, whether it is Tiger Woods or the dispute between Jay Leno and Conan O’Brien. They manipulate images to make us confuse how we are made to feel with knowledge, which is how Barack Obama became president. And the draconian internal control employed by the Department of Homeland Security, the military and the police over any form of popular dissent, coupled with the corporate media’s censorship, does for inverted totalitarianism what thugs and bonfires of books do in classical totalitarian regimes.“It seems a replay of historical experience that the bias displayed by today’s media should be aimed consistently at the shredded remains of liberalism,” Wolin writes. “Recall that an element common to most 20th century totalitarianism, whether Fascist or Stalinist, was hostility towards the left. In the United States, the left is assumed to consist solely of liberals, occasionally of ‘the left wing of the Democratic Party,’ never of democrats.”Liberals, socialists, trade unionists, independent journalists and intellectuals, many of whom were once important voices in our society, have been silenced or targeted for elimination within corporate-controlled academia, the media and government. Wolin, who taught at Berkeley and later at Princeton, is arguably the country’s foremost political philosopher. And yet his book was virtually ignored. This is also why Ralph Nader, Dennis Kucinich and Cynthia McKinney, along with intellectuals like Noam Chomsky, are not given a part in our national discourse.AdvertisementThe uniformity of opinion is reinforced by the skillfully orchestrated mass emotions of nationalism and patriotism, which paints all dissidents as “soft” or “unpatriotic.” The “patriotic” citizen, plagued by fear of job losses and possible terrorist attacks, unfailingly supports widespread surveillance and the militarized state. This means no questioning of the $1 trillion in defense-related spending. It means that the military and intelligence agencies are held above government, as if somehow they are not part of government. The most powerful instruments of state power and control are effectively removed from public discussion. We, as imperial citizens, are taught to be contemptuous of government bureaucracy, yet we stand like sheep before Homeland Security agents in airports and are mute when Congress permits our private correspondence and conversations to be monitored and archived. We endure more state control than at any time in American history.The civic, patriotic and political language we use to describe ourselves remains unchanged. We pay fealty to the same national symbols and iconography. We find our collective identity in the same national myths. We continue to deify the Founding Fathers. But the America we celebrate is an illusion. It does not exist. Our government and judiciary have no real sovereignty. Our press provides diversion, not information. Our organs of security and power keep us as domesticated and as fearful as most Iraqis. Capitalism, as Karl Marx understood, when it emasculates government, becomes a revolutionary force. And this revolutionary force, best described as inverted totalitarianism, is plunging us into a state of neo-feudalism, perpetual war and severe repression. The Supreme Court decision is part of our transformation by the corporate state from citizens to prisoners..

11b40January 25th, 2010 at 9:01 pm

Because the individual is centered on….the individual, then the family, then the tribe. Beyond that, just about everything and everyone else is up for plunder, and plunder we do.Independent Contractor

Wolf in the WildsJanuary 25th, 2010 at 9:50 pm

This is one question that begs for an answer: Who can replace Ben Bernanke as the Federal Reserve Chairman?I do not ask this question in jest. The answer to this question will lead to the answer of another: Should Ben Bernanke be reconfirmed? I have spoken to many people. There are some who believe he is the lesser of evils, that anyone that replaces him cannot be better, so we should confirm him. There are others (who I agree with) that says we should not let the fox stay in the henhouse. He has proven himself unsuitable to be the Fed Chairman and a replacement needs to be found. The question then is, who can replace him.In my mind, I do have a few names, but I am uncertain if anyone agrees with me. Ironically, the names that I have may not necessarily tie in with what others are thinking. My key criteria for the position is that the replacement CANNOT BE DOGMATIC. We must have a practical central banker who not only sees the situation from the short term but also realises the consequences of actions for the medium term. We need a Fed Chairman that is not looking at markets for indication but gives markets direction. By that I mean that the Fed Chairman is concerned not with where are markets are trading, but where the real economy is. And we need a Fed Chairman who foresight to see when problems surface and have the temerity to head it off.The first person in my list has not been mentioned before in any list but I believe he is suitable for the job: Joseph Stiglitz. His writings and understanding of both the domestic economy and international imbalances puts him at the top of my list for potential candidates. A renowned economist with strong international credentials, and one who is not necessarily tied to any sort of dogma (though some say his primary influence was Keynes). I have read his stuff on the financial sector, and the world economy and I think he is spot on regarding the issues facing the world today.Another name that comes to mind would be Kenneth Rogoff. He too has a wide spread of experience, including serving on the Fed Board. Despite their dispute, I actually think Rogoff and Stiglitz have more in common than not. His recent writings show an indepth understanding of the severity of the problems facing the US and the world.The third name in my list is Thomas Hoenig. He strikes me as the only person on the Federal Reserve that actually has some inkling on the enormity of the problems facing the US. And as a regulatory hawk, he will be one of the key persons in the Fed that can possibly reform the financial sector. My cavaet on him is his lack of international experience which will hamper policy making in an open financial system (but the same can be said of Helicopter Ben).Who would you want to change the direction of the Fed?

PeterJBJanuary 26th, 2010 at 3:28 am

Who would you want to change the direction of the Fed?@ Wolf in the Wilds on 2010-01-25 21:50:46It isn’t about changing the direction of the FedRes, what needs to be done is recognise and implement a sustainably socio-economic system for initially, the USA. Or, its about “leadership”, real “leadership” that can bring the necessary pragmatic expertise together and get the fundamentals right! And, it should be the USA first because of the potential strength of its economic engine which was built on its originating Constitution and its empowerment of its people.The FedRes is a bastardization of an ancient usurous regime control by politicians which prefer to impose rather than to govern. It should be abolished, but,Mr. Benanke and the current BoD of the FedRes should be held in place, under strict independent supervision, in order to maintain that the system does not collapse due to the abuses that they have input into the system, such as it is, whilst a new ordering structure and organizational interfaces can be constructed and gradually replace the existing central banking system.The USA needs an outsider, who in turn will need a firewall!and, only two years is needed.I won’t hold my breathe as I see no will, at all… sadly. This means, eventual collapse, and so it will come to pass!And, there is absolutely no integrity whatsoever in granting people’s rights and privileges to corporations and or collectives or any type and this is basic physics, that is to say, unless that organization serve the functionality of the peoples will; all of the people’s will.If you think for a moment that all individuals are unpredictable and irrational, then think deeply about a collective of these, irrational insane beings, uncontrolled by any law or motive; unaccountable and driven by a paradigm that no person can recognise and fearful of the consequences of offending this beast!The creation was people and corporation are not part of that creation but they could be utilized as technology, admittedly, but we cannot grant them “life” status, a priori, but this is what the Supreme Court has done!Too bad!Ho hum

PeterJBJanuary 26th, 2010 at 2:45 pm

Speaking of “leadership” and politics:”Some organisms grow in the form of an interconnected network as part of their normal foraging strategy to discover and exploit new resources,” Tero writes in the report. “Physarum is a large, single-celled amoeboid organism that forages for patchily distributed food sources… [It] can find the shortest path through a maze or connect different arrays of food sources in an efficient manner with low total length yet short average minimum distance between pairs of food sources, with a high degree of fault tolerance to accidental disconnection.”http://www.sciencedaily.com/releases/2010/01/100121141051.htmIs this that we prefer to evolve to and be-come?Ho hum

GuestJanuary 26th, 2010 at 5:07 pm

“We need a Fed Chairman that is not looking at markets for indication but gives markets direction”Don’t you think that market is already being driven in a perticular direction by the fed?

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Edwin G. Dolan is an economist and educator with a Ph.D. from Yale University. Early in his career, he was a member of the economics faculty at Dartmouth College, the University of Chicago, and George Mason University. From 1990 to 2001, he taught in Moscow, Russia, where he and his wife founded the American Institute of Business and Economics (AIBEc), an independent, not-for-profit MBA program. Since 2001, he has taught at several universities in Europe, including Central European University in Budapest, the University of Economics in Prague, and the Stockholm School of Economics in Riga, where he has an ongoing annual visiting appointment. During breaks in his teaching career, he worked in Washington, D.C. as an economist for the Antitrust Division of the Department of Justice and as a regulatory analyst for the Interstate Commerce Commission, and later served a stint in Almaty as an adviser to the National Bank of Kazakhstan. When not lecturing abroad, he makes his home in San Juan Islands, Washington.

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