RebWe need an alternative to Trump's nationalism. It isn't the status quo

["Dave Farber" <dave () farber net>]

---------- Forwarded message ---------
From: Hasan Diwan <hasan.diwan () gmail com>
Date: Mon, Jan 23, 2017 at 12:23 PM
Subject: Re: [IP] We need an alternative to Trump's nationalism. It isn't
the status quo
To: dave () farber net <dave () farber net>


[for IP, if you wish, no need to anonymise]
While I've read a lot on financialisation, decrease of corporate loyalty to
their employees and the lack of loyalty amongst we millenials to our
employers, what I have not read as much on is how, exactly, the rise of
Silicon Valley fits in to neoliberal economics. I understand globalisation
- hell, my name is Hasan and I'm writing to you, as a person raised in
Europe now living in America, with a grandparents from the Middle
East/North Africa. Globalisation is my life. My chosen profession is in the
STEM area of things as it's one of the few areas that my aspergers is
suited to work in.

So perhaps someone would point me to a paper/book/magazine article so that
I may fill in the black spot in my knowledge of how Milton Friedman's
economic prescriptions, as practised by General Suharto in Indonesia,
General Pinochet in Chile, Margaret Thatcher in the United Kingdom, and
Ronald Reagan, in the United States, gave rise to Silicon Valley? Many
thanks. -- H

On 23 January 2017 at 08:32, Dave Farber <farber () gmail com> wrote:




Begin forwarded message:

*From:* Dewayne Hendricks <dewayne () warpspeed com>
*Date:* January 23, 2017 at 11:20:07 AM EST
*To:* Multiple recipients of Dewayne-Net <dewayne-net () warpspeed com>
*Subject:* *[Dewayne-Net] We need an alternative to Trump's nationalism. It
isn't the status quo*
*Reply-To:* dewayne-net () warpspeed com

We need an alternative to Trump's nationalism. It isn't the status quo
The answer to neoliberalism’s Waterloo cannot be a retreat to barricaded
nation-states and the pitting of ‘our’ people against ‘others’ fenced off
by high walls
By Yanis Varoufakis
Jan 22 2017
<
https://www.theguardian.com/commentisfree/2017/jan/22/trumps-nationalism-response-not-globalization
>

A clash of two insurgencies is now shaping the west. Progressives on both
sides of the Atlantic are on the sidelines, unable to comprehend what they
are observing. Donald Trump’s inauguration marks its pinnacle.

One of the two insurgencies shaping our world today has been analysed ad
nauseum. Donald Trump, Nigel Farage, Marine Le Pen and the broad
Nationalist International that they are loosely connected to have received
much attention, as has their success at impressing upon the multitudes that
nation-states, borders, citizens and communities matter.

However, the other insurgency that caused the rise of this Nationalist
International has remained in the shadows: an insurrection by the global
establishment’s technocracy whose purpose is to retain control at all cost.
Project Fear in the UK, the troika in continental Europe and the unholy
alliance of Wall Street, Silicon Valley and the surveillance apparatus in
the United States are its manifestations.

The era of neoliberalism ended in the autumn of 2008 with the bonfire of
financialisation’s illusions. The fetishisation of unfettered markets that
Margaret Thatcher and Ronald Reagan brought to the fore in the late 1970s
had been the necessary ideological cover for the unleashing of financiers
to enable the capital flows essential to a new phase of globalisation in
which the United States deficits provided the aggregate demand for the
world’s factories (whose profits flowed back to Wall Street closing the
loop nicely).

Meanwhile, billions of people in the “third” world were pulled out of
poverty while hundreds of millions of western workers were slowly
sidelined, pushed into more precarious jobs, and forced to financialise
themselves either through their pension funds or their homes. And when the
bottom fell out of this increasingly unstable feedback loop,
neoliberalism’s illusions burned down and the west’s working class ended up
too expensive and too indebted to be of interest to a panicking global
establishment.

Thatcher’s and Reagan’s neoliberalism had sought to persuade that
privatisation of everything would produce a fair and efficient society
unimpeded by vested interests or bureaucratic fiat. That narrative, of
course, hid from public view what was really happening: a tremendous
buildup of super-state bureaucracies, unaccountable supra-state
institutions (World Trade Organisation, Nafta, the European Central Bank),
behemoth corporations, and a global financial sector heading for the rocks.

After the events of 2008 something remarkable happened. For the first time
in modern times the establishment no longer cared to persuade the masses
that its way was socially optimal. Overwhelmed by the collapsing financial
pyramids, the inexorable buildup of unsustainable debt, a eurozone in an
advanced state of disintegration and a China increasingly relying on an
impossible credit boom, the establishment’s functionaries set aside the
aspiration to persuade or to represent. Instead, they concentrated on
clamping down.

[snip]

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