Revisiting The New Deal: Lessons For A World In Dire Need Of Sustainable Social Change And Economic Development


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C. J. Polychroniou

Few policies and programs designed to promote economic recovery and social reform have attracted as much attention as those associated with President Franklin D. Roosevelt’s New Deal during the 1930s when the U.S. economy had plunged into its worst economic crisis in its history. And with good reason: the New Deal programs, although initially opposed by the major financial and corporate interests of the country, partly out of horror that they represented a step towards “socialism” and partly out of fear that they would pose an obstacle to their profit-maximizing pursuits by narrowing the scope of labor exploitation, kept capitalism alive and staved off social unrest and rebellion. The New Deal planners achieved this by abandoning the myth of pro-market solutions to economic crises and relying instead on a set of massive government interventions.

Among other things, the New Deal programs centralized planning (National Industrial Recovery Act) and funded under this plan the construction of large–scale public works (Public Works Administration) as a means of providing employment for millions of jobless workers, reformed the banking system with the GlassSteagall Act, provided integrated solutions to the needs of the economies of several depressed Southern state (Tennessee Valley Authority) and set up a federally-guaranteed pension system (Social Security Act).

The New Deal programs provide a glowing example of how powerful the role of government can be in rescuing an economy from complete collapse, delivering relief to millions of lives tossed aside by a socio-economic system with an inherent tendency to treat people as if there were things, and reducing the gap between rich and poor.

The New Deal wasn’t a revolution, but it did save many people’s lives. It did not end the depression, but it might have (although this is still highly debatable) if FDR hadn’t decided in 1937 to cut back stimulus because of his concerns about inflation and the federal deficit. The New Deal also laid the basis for what could have been very positive changes in the years that followed, had it not been beaten back by the bitter class war fought by what Noam Chomsky calls “the highly class conscious business classes,”[i] assisted by the powerful weapon of anti-communist hysteria.

Thus, the New Deal is widely seen as one of the greatest experiments of active state intervention under capitalism, so it’s little wonder why the political thinking behind the New Deal-era projects is also regarded by many as an ideal model to inform policy intervention in today’s world as the advanced capitalist economies are once again in the throes of a serious economic and social crisis marked by stagnant or anemic growth, rising unemployment and social exclusion, extreme levels of inequality, and rapidly declining standards of living.

While far from being thoroughly Keynesian, some of the New Deal projects fall firmly into counter-cyclical demand management schemes, especially some of the second New Deal programs such as the Works Progress Administration (1935-1943), and it is primarily these aspects of the New Deal experimental programs (including the Civil Conservation Corps) that serve as a guide to the call of many progressive and non-orthodox economists for the adoption of a New Deal for the 21st Century.[ii]

However, aside from the obvious question as to whether it is feasible to resurrect the reformist zeal of the New Deal in today’s world, there are some annoying facts about active state intervention under capitalism as well as some disturbing realities about capitalism itself which cannot be overlooked or ignored by those committed to an alternative social order. Read more

Removing Carbon Dioxide From The Air To Fix Climate Change: An Interview With Graciela Chichilnisky And Peter Wadhams


wadhams

Peter Wadhams

Climate change and global warming, caused by greenhouse gas emissions, pose a grave threat to humanity — even greater perhaps than that of nuclear weapons. Yet, just like with nuclear weapons, political inertia stands on the way of tackling the massive problem of climate change in an effective and meaning way. Moreover, the challenge of averting a climate change catastrophe can be met at the present juncture with the aid of carbon negative technology that can suck CO2 from the atmosphere and thus stabilize and even begin reversing the warming of the planet.
Indeed, in the interview that follows, leading economist and climate change authority Graciela Chichilnisky, author and architect of the Kyoto Protocol Carbon Market and CEO and cofounder of Global Thermostat, and Peter Wadhams, Professor of Ocean Physics at Cambridge University and UK’s most experienced sea ice scientist, highlight the necessity of sucking carbon dioxide from the air as the only way available right now to save the planet from the threat of climate change and global warming.

Chichil

Graciela Chichilnisky

J. Polychroniou with Marcus Rolle: Climate change poses a massive threat to the world economy, to human civilization and to the planet on the whole, yet little seems to be done by the world community to break cultural and political inertia. What’s your explanation for climate change inertia?

Graciela Chichilnisky: Climate change involves extraordinary and unprecedented risks that people and organizations are ill equipped to deal with. Put simply, most people do not know what can be done about it, and they do not even know how to think about climate change. This paralyzes them from action. In addition, there is an erroneous perception that the economic costs of taking action against climate change are too high making action impossible in economic terms, which is untrue. The global scope and complexity of the issue defies standard knowledge and paralyzes most people, and this couples with economic interests of groups and businesses that are invested in conventional energy sources such as fossil fuels. About 45% of all global emissions come from electricity plants, which are a $55 trillion global infrastructure that is 87% run by fossil fuels.

Exxon Mobil is facing several law suits after allegedly misleading the public about the risks of climate change caused by burning fossil fuels, the source of their revenues, and presenting obstacles for solutions. Dated economic interests couple with denial, ignorance and fear, and cause climate change inertia. Because the issue is complex, even well-meaning people and organizations can be confused or ill informed. For example, the United Nations Framework Convention on Climate Change (UNFCCC), which is the single global organization responsible for preventing climate change, and its Green Climate Fund created recently to make funding available to avert climate change, focus on “adaptation and mitigation” towards climate change, particularly in the developing nations that will suffer the worst damages. This would be a natural reaction to disasters such as earthquakes, droughts or tornados, which are of a smaller magnitude. The situation is quite different with climate change. It is not possible for human societies to adapt or mitigate the global damages caused by catastrophic climate change, and we should be focused on resolving the problem rather than in adapting to it, or mitigating it after the fact. The North and the South poles are melting, raising the world’s oceans ravaging coastal areas around the world and eventually submerging under the swollen seas 43 island nations that make up about 20% of the UN vote. Very little can be done to “adapt and mitigate” the human damages in a nation that is quickly and inexorably submerging under the oceans. There is no way to adapt to the chaos and destruction in large cities like New York as they face several disasters a year of the scope of hurricane Sandy, severing access to electricity and drinking water and to law and order, making transportation and working conditions impossible, with cars and vehicles floating in the flooded streets. Read more

Noam Chomsky On The Evolution Of Language: A Biolinguistic Perspective


Photo: en.wikipedia.org

Photo: en.wikipedia.org

Truth-out.org ~ September 2016. Human language is crucial to the scientific quest to understand what kind of creatures we are and, thus crucial to unlocking the mysteries of human nature.

In the interview that follows, Noam Chomsky, the scholar who single-handedly revolutionized the modern field of linguistics, discusses the evolution of language and lays out the biolinguist perspective — the idea that a human being’s language represents a state of some component of the mind. This is an idea that continues to baffle many non-experts, many of whom have sought to challenge Chomsky’s theory of language without really understanding it.

Journalist and ”radical chic” reactionary writer Tom Wolfe was the latest to do so in his laughable new book, The Kingdom of Speech, which seeks to take down Charles Darwin and Noam Chomsky through sarcastic and ignorant remarks, making vitriolic attacks on their personalities and expressing a deep hatred for the Left. Indeed, this much-publicized book not only displays amazing ignorance about evolution in general and the field of linguistics in particular, but also aims to portray Noam Chomsky as evil — due to his constant and relentless exposure of the crimes of US foreign policy and other challenges to the status quo.

C. J. Polychroniou: Noam, in your recently published book with Robert C. Berwick (Why Only Us: Language and Evolution, MIT Press 2016), you address the question of the evolution of language from the perspective of language as part of the biological world. This was also the theme of your talk at an international physics conference held this month in Italy, as it seems that the scientific community appears to have a deeper appreciation and a more subtle understanding of your theory of language acquisition than most social scientists, who seem to maintain grave reservations about biology and the idea of human nature in general. Indeed, isn’t it the case that the specific ability of our species to acquire any language was a major theme of interest to the modern scientific community from the time of Galileo?

Noam Chomsky: This is quite true. At the outset of the modern scientific revolution, Galileo and the scientist-philosophers of the monastery of Port Royal issued a crucial challenge to those concerned with the nature of human language, a challenge that had only occasionally been recognized until it was taken up in the mid-20th century and became the primary concern of much of the study of language. For short, I’ll refer to it as the Galilean challenge. These great founders of modern science were awed by the fact that language permits us (in their words) to construct “from 25 or 30 sounds an infinite variety of expressions, which although not having any resemblance in themselves to that which passes through our minds, nevertheless do not fail to reveal all of the secrets of the mind, and to make intelligible to others who cannot penetrate into the mind all that we conceive and all of the diverse movements of our souls.”

We can now see that the Galilean challenge requires some qualifications, but it is very real and should, I think, be recognized as one of the deepest insights in the rich history of inquiry into language and mind in the past 2500 years.

The challenge had not been entirely ignored. For Descartes, at about the same time, the human capacity for unbounded and appropriate use of language was a primary basis for his postulation of mind as a new creative principle. In later years, there is occasional recognition that language is a creative activity that involves “infinite use of finite means,” in Wilhelm von Humboldt’s formulation and that it provides “audible signs for thought,” in the words of linguist William Dwight Whitney a century ago. There has also been awareness that these capacities are a species-property, shared by humans and unique to them — the most striking feature of this curious organism and a foundation for its remarkable achievements. But there was never much to say beyond a few phrases.

But why is it that the view of language as a species-specific capacity is not taken up until well into the 20th century?

There is a good reason why the insights languished until mid-20th century: intellectual tools were not available for even formulating the problem in a clear enough way to address it seriously. That changed thanks to the work of Alan Turing and other great mathematicians who established the general theory of computability on a firm basis, showing in particular how a finite object like the brain can generate an infinite variety of expressions. It then became possible, for the first time, to address at least part of the Galilean challenge directly — although, regrettably, the earlier history [for example, the history of Galileo’s and Descartes’ inquiries into the philosophy of language, as well as the Port-Royal Grammar by Antoine Arnauld and Claude Lancelot] was entirely unknown at the time.

With these intellectual tools available, it becomes possible to formulate what we may call the Basic Property of human language: The language faculty provides the means to construct a digitally infinite array of structured expressions, each of which has a semantic interpretation expressing a thought, and each of which can be externalized by means of some sensory modality. The infinite set of semantically interpreted objects constitutes what has sometimes been called a “language of thought”: the system of thoughts that receive linguistic expression and that enter into reflection, inference, planning and other mental processes, and when externalized, can be used for communication and other social interactions. By far, the major use of language is internal — thinking in language. Read more

Oxford Union ~ Yanis Varoufakis – Full Address & Q&A


Yanis Varoufakis is an academic economist who was a member of the Greek parliament between January and September 2015. He represented the ruling Syriza party and held the position of Minister of Finance for seven months.
See: https://yanisvaroufakis.eu/

About the Oxford Union Society: The Oxford Union is the world’s most prestigious debating society, with an unparalleled reputation for bringing international guests and speakers to Oxford. Since 1823, the Union has been promoting debate and discussion not just in Oxford University, but across the globe.
See: http://www.oxford-union.org/

Global Warming And The Future Of Humanity: An Interview With Noam Chomsky And Graciela Chichilnisky


Photo: en.wikipedia.org

Noam Chomsky

Graciela Chichilinsky

Graciela Chichilinsky

truth-out.org. September 2016. How serious of an issue is climate change? Does global warming really threaten human civilization? Can it be reversed, or is it already late?

In this interview for Truthout, two scholars, Noam Chomsky, one of the world’s leading public intellectuals, and Graciela Chichilnisky, a renowned economist and climate change authority who wrote and designed the carbon market of the Kyoto Protocol, concur on a few key points. First of all, global warming and climate change constitute the greatest challenge facing humanity, and may pose an even greater threat to our species than that of nuclear weapons. Secondly, the operations of the capitalist world economy are at the core of the climate change threat because of over-reliance on fossil fuels and a perverse sense of economic values. Thirdly, the world needs to adopt alternative energy systems as quickly as possible. And finally, it is crucial to explore technologies to assist us in reversing climate change — as time is running out.

C. J. Polychroniou: A consensus seems to be emerging among scientists and even political and social analysts that global warming and climate change represent the greatest threat to the planet. Do you concur with this view, and why?

Noam Chomsky: I agree with the conclusion of the experts who set the Doomsday Clock for the Bulletin of Atomic Scientists. They have moved the Clock two minutes closer to midnight — three minutes to midnight — because of the increasing threats of nuclear war and global warming. That seems to me a credible judgment. Review of the record shows that it’s a near miracle that we have survived the nuclear age. There have been repeated cases when nuclear war came ominously close, often a result of malfunctioning of early-warning systems and other accidents, sometimes [as a result of] highly adventurist acts of political leaders. It has been known for some time that a major nuclear war might lead to nuclear winter that would destroy the attacker as well as the target. And threats are now mounting, particularly at the Russian border, confirming the prediction of George Kennan and other prominent figures that NATO expansion, particularly the way it was undertaken, would prove to be a “tragic mistake,” a “policy error of historic proportions.”

As for climate change, it’s by now widely accepted by the scientific community that we have entered a new geological era, the Anthropocene, in which the Earth’s climate is being radically modified by human action, creating a very different planet, one that may not be able to sustain organized human life in anything like a form we would want to tolerate. There is good reason to believe that we have already entered the Sixth Extinction, a period of destruction of species on a massive scale, comparable to the Fifth Extinction 65 million years ago, when three-quarters of the species on earth were destroyed, apparently by a huge asteroid. Atmospheric CO2 is rising at a rate unprecedented in the geological record since 55 million years ago. There is concern — to quote a statement by 150 distinguished scientists — that “global warming, amplified by feedbacks from polar ice melt, methane release from permafrost, and extensive fires, may become irreversible,” with catastrophic consequences for life on Earth, humans included — and not in the distant future. Sea level rise and destruction of water resources as glaciers melt alone may have horrendous human consequences.

Graciela Chichilnisky: The consensus is that climate change ranks along with nuclear warfare as the top two risks facing human civilization. If nuclear warfare is believed to be somewhat controlled, then climate change is now the greatest threat.

As difficult as it is to eliminate the risk of nuclear warfare, it requires fewer changes to the global economy than does averting or reversing climate change. Climate change is due to the use of energy for industrial growth, which has been and is overwhelmingly based on fossil fuels. Changing an economic system that is bent on uncontrolled and poorly measured economic growth and depends on fossil energy for its main objectives, is much more difficult than changing how nuclear energy is used for military purposes. Some think it may be impossible.

Read more

A New Economic System For A World In Rapid Disintegration


socialismtruth-out.org. September 2016. We live in ominously dangerous times. The world capitalist system — having fueled colonialism, imperialism and the constant intensification of labor power exploitation for roughly 500 years — now threatens the planet with an ecological collapse of unprecedented proportions. Unsustainable resource exploitation, water pollution (the transformation of lakes, rivers and oceans into garbage dumps) and massive economic inequality are at the root of the possibly irreversible collapse of industrial civilization. Meanwhile, however, too many of us remain caught up in abstract and ahistorical predictions of collapse that fail to offer an alternative realistic vision of a future socio-economic order.

Simultaneously, the phenomenon of global warming, driven mainly by the dynamics and contradictions of a fossil-based economy, has prepared the soil for the eruption of new sources of conflict with the manifestation of historically unique destabilizing social forces. Climate change directly threatens billions of people and most other beings — besides the occasional cockroach, diadem or tardigrade — with outright extinction brought on by droughts, floods and other “natural” disasters.

Nonetheless, the catastrophic scenario sketched out behind the operations of global capitalism does not merely represent the other side of a wild socio-economic system bent on constant and abstract growth in pursuit of ever greater rates of profit. The so-called Golden Age of capitalism ended decades ago and the system has now run into a brick wall, as it appears to have reached a point where it is no longer capable of sustaining a constant momentum of growth to keep the economy reproducing itself at a pace that generates higher standards of living for the next generation.

Indeed, the productivity rates in the advanced industrialized regions of the world (such as the US, Europe and Japan) since the eruption of the financial crisis of 2007-08 are far slower than those of previous decades, thereby confirming the claims of various experts who argue that we have reached the end of the age of growth.

Moreover, in spite of all the talk about the marvelous and awe-inspiring accomplishments of the high-tech revolution, these innovations pale in comparison to the innovations of the Industrial Revolution. The new technologies reach billions of people, generating mythical fortunes for founders and investors, but increasingly employ only a handful of privileged workers. In the meantime, the problems of massive unemployment, increased inequality, growing economic insecurity, and dangerous levels of public and corporate debt are mounting.

In this context, the present crisis facing the world economy as a whole “consists precisely in the fact,” as Antonio Gramsci put it in his Prison Notebooks, “that the old is dying and the new cannot be born,” and all of the above represent the “morbid symptoms” of this antinomy that the great Italian revolutionary underscored as being part of this interregnum. Read more


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