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Opinion | The Real Legacy of the 1970s - The New York Times
"How different this was from previous economic crises! The Great Depression, the 20th century’s first economic emergency, made most Americans feel a degree of neighborly solidarity. The government wasn’t measuring median household income in the 1930s, but a 2006 Department of Labor study pegged the average household income of 1934-36 at $1,524. Adjust for inflation to 2018, that’s about $28,000, while the official poverty level for a family of four was $25,100. In other words, the average family of 1936 was near poor. Everyone was in it together, and if Bill couldn’t find work, his neighbor would give him a head of cabbage, a slab of pork belly.

But the Great Inflation, as the author Joe Nocera has noted, made most people feel they had to look out for themselves. Americans had spent decades just getting more and more ahead. Now, suddenly, they were falling behind.

Throw in wage stagnation, which began in the early ’70s, and deindustrialization of the great cities of the North. Pennsylvania’s Homestead Works, which had employed 20,000 men during the war, started shrinking, closing forever in 1986. Today that tract of land along the Monongahela River where the works once stood is home to the usual chain restaurants and big-box stores, those ubiquitous playpens of the low-wage economy.

Inflation also produced the manic search for “yield” — it was no longer enough to save money; your money had to make money, turning every wage earner into a player in market rapaciousness. The money market account was born in the 1970s. Personal investing took off (remember “When E.F. Hutton talks, people listen”?).

Even as Americans scrambled for return, they also sought to spend. Credit cards, which had barely existed in 1970, began to proliferate. The Supreme Court’s 1978 decision in Marquette National Bank of Minneapolis v. First of Omaha Service Corporation opened the floodgates for banks to issue credit cards with high interest rates. Total credit card balances began to explode.

Then along came Ronald Reagan. The great secret to his success was not his uncomplicated optimism or his instinct for seizing a moment. It was that he freed people of the responsibility of introspection, released them from the guilt in which liberalism seemed to want to make them wallow. And so came the 1980s, when the culture started to celebrate wealth and acquisition as never before. A television series called “Lifestyles of the Rich and Famous” debuted in 1984.

So that was the first change flowing from the Great Inflation: Americans became a more acquisitive — bluntly, a more selfish — people. The second change was far more profound.

For decades after World War II, the economic assumptions that undergirded policymaking were basically those of John Maynard Keynes. His “demand side” theories — increase demand via public investment, even if it meant running a short-term deficit — guided the New Deal, the financing of the war and pretty much all policy thinking thereafter. And not just among Democrats: Dwight Eisenhower and Richard Nixon were Keynesians.

There had been a group of economists, mostly at the University of Chicago and led by Milton Friedman, who dissented from Keynes. They argued against government intervention and for lower taxes and less regulation. As Keynesian principles promoted demand side, their theories promoted the opposite: supply side.

They’d never won much of an audience, as long as things were working. But now things weren’t, in a big way. Inflation was Keynesianism’s Achilles’ heel, and the supply-siders aimed their arrow right at it. Reagan cut taxes significantly. Inflation ended (which was really the work of Paul Volcker, the chairman of the Federal Reserve). The economy boomed. Economic debate changed; even the way economics was taught changed.

And this, more or less, is where we’ve been ever since. Yes, we’ve had two Democratic presidents in that time, both of whom defied supply-side principles at key junctures. But walk down a street and ask 20 people a few questions about economic policy — I bet most will say that taxes must be kept low, even on rich people, and that we should let the market, not the government, decide on investments. Point to the hospital up the street and tell them that it wouldn’t even be there without the millions in federal dollars of various kinds it takes in every year, and they’ll mumble and shrug."
1970s  economics  greed  inflation  selfishness  us  policy  ronaldreagan  joenocera  greatdepression  johnmaynarkeynes  newdeal  taxes  solidarity  miltonfriedman  liberalism  neoliberalism  regulation  supplysideeconomics  paulvolcker  michaeltomasky 
16 days ago by robertogreco
Twitter
We greatly appreciate the outpouring of love and support from our neighbors and community! The is heart…
solidarity  from twitter_favs
27 days ago by kitoconnell
The Seductive Illusion of Objectivity, by Melinda Selmys
True objectivity therefore consists in the reconciliation, comprehension and correct evaluation of all human experience, not in the elimination of subjective knowledge.
Christianity.and.culture  solidarity 
28 days ago by timmarkatos
Twitter
RT : This is the feminist struggle of our age
Solidarity  from twitter
6 weeks ago by gaelicWizard
No, I am not an angry Latino, by Miguel De La Torre – Baptist News Global
I am not an angry Latino. I am a scholar who refuses to see and interpret reality through Eurocentric eyes. The colonizing process triumphs when I define myself and my community through academic paradigms that consciously or unconsciously were designed to reinforce and rationalize my marginalization. I will no longer pour liberative wine into the old Eurocentric academic skins. To do so, as Jesus advises, causes the skins to burst and the liberative message to be lost. I choose to pour my liberative wine into my Latinx skins so that both can be preserved together and used by my community, which thirsts to drink Good News. To repeat the words of my intellectual mentor: Nuestro vino de plátano, y si es agrio, es nuestro vino. Deal with it.
solidarity  education  intelligence  listening 
6 weeks ago by timmarkatos
You Don’t Want Hygge. You Want Social Democracy.
"It’s the holidays, and you long to be cozy.

You want to curl up in a plush armchair next to a crackling fire. You want the softest of blankets and wooliest of sweaters. You want to devour grandma’s pecan fudge, get tipsy on eggnog with your cousins, and watch Miracle on 34th Street — mom’s favorite — for the thirty-fourth time. Or maybe neither Christmas nor family gatherings are your thing, but you like the idea of sipping hot toddies and playing board games with a few close friends while outside the snow falls and the lights twinkle.

But you can’t have it, because you couldn’t spring for a plane ticket. Or relatives are in town, but times are tight, and it seemed irresponsible to pass up the Christmas overtime pay. Maybe everything circumstantially fell into place, but you can’t relax. You’re eyeing your inbox, anxious about the work that’s not getting done. You’re last-minute shopping, pinching pennies, thinking Scrooge had some fair points. Or you’re hiding in your childhood bedroom, binge-watching television and scrolling social media, because a rare break from the pressures of daily life feels more like an occasion to zone out than to celebrate and be merry.

Either way, you feel terrible, because you know that someone somewhere is literally roasting chestnuts on an open fire, and you’re missing out.

The Danes have a word for the thing you desperately want but can’t seem to manifest: hygge.

The word isn’t easy to translate. It comes from a Norwegian word that means “wellbeing,” but the contemporary Danish definition is more expansive than that.

In The Little Book of Hygge: Danish Secrets to Happy Living, author Meik Wiking writes, “Hygge is about an atmosphere and an experience, rather than about things. It’s about being with the people we love. A feeling of home. A feeling that we are safe, that we are shielded from the world and allowed to let our guard down.”

You can have hygge any time, but Danes strongly associate it with Christmas, the most hyggelig time of the year. When asked what things they associate most with hygge, Danes answered, in order of importance: hot drinks, candles, fireplaces, Christmas, board games, music, holiday, sweets and cake, cooking, and books. Seven out of ten Danes say hygge is best experienced at home, and they even have a word for it — hjemmehygge, or home hygge.

But Wiking stresses that while hygge has strong aesthetic properties, it’s more than the sum of its parts. You don’t just see it, you feel it.

“Hygge is an indication that you trust the ones you are with and where you are,” he writes, “that you have expanded your comfort zone to include other people and you feel you can be completely yourself around other people.” The opposite of hygge is alienation.

It’s no coincidence that this concept is both native to and universally understood in the same country that consistently dominates the World Happiness Report and other annual surveys of general contentment. On rare occasions when Denmark is surpassed by another country, that country is always a Scandinavian neighbor.

What makes people in these countries happier than the rest of us is actually really simple. Danes and their neighbors have greater access to the building blocks of happiness: time, company, and security.

Scandinavians don’t have these things just because they value them more, or for cultural reasons that are congenital, irreplicable, and beyond our reach. People all over the world value time, company, and security. What Scandinavians do have is a political-economic arrangement that better facilitates the regular expression of those values. That arrangement is social democracy.

The Politics of Hygge

Denmark is not a socialist country, though like its neighbor Sweden, it did come close to collectivizing industry in the 1970s. That effort was driven by “unions, popular movements, and left parties,” write Andreas Møller Mulvad and Rune Møller Stahl in Jacobin. “It was these mass forces — not benevolent elites, carefully weighing the alternatives before deciding on an enlightened mix of capitalism and socialism — who were the architects and impetus behind the Nordic model. They are the ones responsible for making the Nordic countries among the happiest and most democratic in the world.”

A strong capitalist offensive stopped this Scandinavian coalition from realizing the transition to socialism, and the legacy of their efforts is a delicate compromise. The private sector persists, but taxes are both progressive and high across the board. The country spends 55 percent of its total GDP publicly, making it the third-highest government spender per capita in the world. Meanwhile, the power of employers is partially checked by strong unions, to which two-thirds of Danes belong.

This redistributive arrangement significantly reduces the class stratification that comes from capitalism. As a result, Denmark has one of the highest degrees of economic equality in the world.

All of that public spending goes to funding a strong welfare state. Everybody pays in, and everybody reaps the rewards. This egalitarian, humane, and solidaristic model allows the values associated with hygge to flourish. It also gives people more opportunities to act on them.

In Denmark, health care is free at the point of service. Same goes for education, all the way through college and even grad school. Twenty percent of the Danish housing stock is social housing, regulated and financially supported by the state but owned in common by tenants, and organized in the “tradition of tenants’ participation and self-governance.” Denmark offers year-long paid parental leave, and guarantees universal child care for all children beginning the moment that leave ends, when the child is one year old.

Similarly, due in large part to the past and and present strength of unions, Denmark has worker-friendly labor laws and standards which make for a more harmonious work-life balance. Danes get five weeks’ paid vacation, plus an additional nine public holidays. Unlike the United States, Denmark has a national paid sick-leave policy. Denmark also has generous unemployment benefits and a wage subsidy program for people who want to work but, for reasons outside their control, need more flexible arrangements.

The normal work week in Denmark is set at thirty-seven hours, and people tend to stick to it. Only 2 percent of Danes report working very long hours. In a survey of OECD countries Denmark ranked fourth for people spending the most time devoted to leisure and personal care. (The US ranked thirtieth.)

All of this has a profound effect on individuals’ ability to experience pleasure, trust, comfort, intimacy, peace of mind — and of course, the composite of these things, hygge.

For one thing, there are only so many hours in a day. And there are some activities that make us happy, and some that make us unhappy.

The Princeton Affect and Time Survey found that the activities that make us happiest include playing with children, listening to music, being outdoors, going to parties, exercising, hanging out with friends, and spending time with pets. (These are also the activities that Danes associate with hygge.) The ones that make us least happy include paid work, domestic work, home maintenance and repairs, running errands, personal medical care, and taking care of financial responsibilities.

Everyone has to do activities in the unhappy category in order to keep their affairs in order. But it makes sense that if you take some of those responsibilities off people’s plate and design the economy to give them more time to do activities in the happy category, they will be more content and lead more enriching lives.

Many working-class Americans don’t have much time for activities in the happy category, because they work multiple jobs or long hours and also have to keep a household in order without much assistance. Many more are afraid that if they take time away from their stressful responsibilities, they will overlook something important and fall behind, and there will be no social safety net to catch them — a pervasive anxiety that creeps up the class hierarchy. This breeds alienation, not intimacy.

Additionally, working people in highly capitalist countries, where economic life is characterized by cutthroat competition and the punishment for losing the competition is destitution, tend to develop hostile relationships to one another, which is not very hyggelig.

The social-democratic model is predicated instead on solidarity: my neighbor and I both pay taxes so that we can both have a high standard of living. We care for each other on the promise that we will each be cared for. By working together instead of against each other, we both get what we need. Universal social programs like those that make up the Scandinavian welfare states are thus engines of solidarity, impressing upon people that their neighbor is not an opponent or an obstacle, but a partner in building and maintaining society.

By pitting people against each other, neoliberal capitalism promotes suspicion and animosity. This frequently maps onto social divisions and manifests as racism, sexism, xenophobia, and so on. But it also just makes people guarded and antisocial in general. People who live in social democracies are far from invulnerable to prejudice or misanthropy, but the social compact remains more likely to promote kindness, trust, and goodwill among people than neoliberal capitalism — and indeed the Danes are some of the most trusting people in the world, of friends and strangers alike.

One of these political-economic arrangements strengthens people’s connection to the fundamentals of happiness, and of hygge — time, company, and security — while the other severs it. The abundance or scarcity of these fundamentals forms the material basis of collective social life.

The Ambiance Agenda

Hygge is not just a cultural … [more]
hygge  meaganday  2018  denmark  socialdemocracy  socialism  socialsafetynet  politics  policy  happiness  comfort  us  coreyrobin  scandinavia  solidarity  wellbeing  responsibility  uncertainty  anxiety  neoliberalism  capitalism  risk  civics  qualityoflife  pleasure  multispecies  family  trust  intimacy  peaceofmind  leisure  work  labor  health  healthcare  unions  time  slow  fragility  taxes  inequality  company  security 
7 weeks ago by robertogreco
Morning Terrors | SyriaUntold | حكاية ما انحكت
After signing on a “blank confession,” Hammam waited for a month before appearing in front of a military court. During that time, he took note how the inmates brutally treated each other, and how they brawled over everything from food, to sleeping slots, to bathroom turns. He saw how they gloated when one of the prison guards cut his long hair, and how some hated him simply because he was from Damascus.
PTSD  Mar15  PrisonerRights  torture  solidarity 
10 weeks ago by elizrael

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