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The Disconnect Between the Stock Market and the Real Economy Is Destroying Our Lives Print
Written by <a href="index.php?option=com_comprofiler&task=userProfile&user=53341"><span class="small">Hamilton Nolan, In These Times</span></a>   
Wednesday, 06 May 2020 08:30

Nolan writes: "Prosperity is advertised in aggregate, but it is only experienced by individuals."

The Fearless Girl statue stands nearly alone in front of the New York Stock Exchange near Wall Street during the coronavirus pandemic on April 25, 2020 in New York City. (photo: Justin Heiman/Getty Images)
The Fearless Girl statue stands nearly alone in front of the New York Stock Exchange near Wall Street during the coronavirus pandemic on April 25, 2020 in New York City. (photo: Justin Heiman/Getty Images)


The Disconnect Between the Stock Market and the Real Economy Is Destroying Our Lives

By Hamilton Nolan, In These Times

06 May 20


Stocks are the wall that protects the rich from the consequences of this crisis

n the month of April—as 30 million Americans filed for unemployment, and destitute small businesses closed forever, and rent strikes were demanded, and city and state governments forecast years of grim austerity—the U.S. stock market had its best month in more than 30 years. Day after day, we were treated to stories of absolute ruin in the real economy, right next to another glorious rise in stocks. After a sharp selloff in March, the S&P 500 index has bounced back to where it was in the fall of 2019, as if that little devastating global pandemic were nothing more than a fleeting, momentary annoyance.

The glaring disconnect between the real economy, of working humans with jobs and bills to pay, and the investor class economy, embodied by the stock market, is one of the most brutal and devious political issues of this age of crisis in which we’re living. Though free marketeers like to boast of the fact that more than half of Americans now own stocks, the fact is that most of them own too few stocks to matter to their day-to-day economic lives. Half of all stocks in America are owned by the wealthiest 1% of people. They are the stock market’s target audience and prime movers. The primary effect of high stock prices today is to insulate the rich from the consequences of the wrecked real economy. So long as stocks are doing okay, there is no need for the class of people who control most of America’s institutions to feel much urgency to save the lives of everyone. A strong stock market is like a sturdy wall around the rich and powerful. You can stay outside and lose your job and starve and die, and it won’t penetrate their serene bubble very much at all.

There are two ways to approach the question of why the stock market has seemed so impervious to the state of the real world. The first is to focus on the technical reasons. The stock market is forward-looking, so prices reflect what investors think will happen in the future, rather than right now; investors are overly optimistic of a coronavirus vaccine, and exhibiting the flaws in the efficient markets theory; and the stock market is pricing in a vast injection of free money from the Federal Reserve and from its good friends in Congress, raising expectations of a soft buffer to take the edge off of the catastrophe. There is, on Wall Street itself, a spirited debate over whether stock prices are still too high or not, but the final proof is in the numbers. And the numbers still say that if you are the sort of person who derives most of your income from investments, then the pain accruing to those who must work at a job for a living is nothing but a faint and faraway dream to you right now.

It stands to reason that because businesses must ultimately derive their profits from the spending of human beings, a horrible economic crisis that prevents everyone from spending money would be deadly for the stock prices of those businesses. But the capital markets are subject to all manner of trickery and intervention that can insulate them—for a while, at least—from what is happening in the world at large. And that breathing period may be all that savvy investors really need to make sure they emerge relatively unscathed.

Robert Scott, a senior economist at the Economic Policy Institute, says the stock market at the moment is being held up by “Frankly, just financial engineering.” He estimates that by the time the government’s rescue packages are all tallied up, they could add up to $5 trillion of zero-interest loans to big business. Hardly the fabled laissez-faire version of capitalism, but of course the companies will take it. (It is, after all, what their political contributions have paid for.) Scott believes that the gravity of America’s crushed economy will eventually pull down the stock market again, but the current measures will have served their purpose: “Insiders are going to sell off their stock and make a killing,” he says, “and long term investors will take the loss.”

Prosperity is advertised in aggregate, but it is only experienced by individuals. That is why America has always been able to thrill to high GDP numbers and healthy average incomes without reckoning with horrific inequality on the ground. (The fact that Jeff Bezos and a homeless person standing in a room together have an average net worth of $70 billion each does not do a good job of reflecting the lived reality of each person.) America’s economic response to this crisis is a set of choices. And even the choices that undermine the survival of a large number of people can do wonders for the smaller number of people whose wealth is in stocks. “The death of smaller businesses means that the big players in the stock market are anticipating a bumper year, full of bailouts and tax cuts and then austerity when convenient,” says Suresh Naidu, an economist at Columbia University who studies labor and inequality. The coming austerity for the majority, which will be experienced as joblessness and desperation and a lack of public services when they are needed most, is the same thing as a stimulus program for the economically secure minority.

And this brings us to the second, and more useful, way to understand the bizarrely healthy stock market: as the result of a political choice. Brush away the financial jargon that Wall Street uses to ward off interlopers and it is easy to see what is happening here. The coronavirus forced our entire economy onto life support from the federal government. Instead of choosing to support everyone during this temporary shutdown—guaranteeing the incomes of workers, instituting widespread debt relief, and pouring stimulus money directly into the base of the wealth pyramid, which supports everything else—the government has instead done what it is built to do: protect the biggest businesses and the accumulated wealth of the richest people, herding society’s most powerful into an economic fortress, content in the knowledge that high unemployment and austerity for local governments will just create a population desperate to work for even lower wages than before. As the Trump administration pled helplessness over the fact that we have no good system for delivering money directly to individuals, it did not need to say that that, itself, is a policy choice that is now serving its intended purpose.

This political choice is also a moral choice. It is a choice of whether or not to value fairness. Either the incentives of everyone in society are aligned, or they are not. In America, they are not. In fact, they are the opposite: the incentives of the rich, who live through stocks and the accumulation of corporate power, are in fact opposed to the incentives of the vast majority of people, whose existence is reduced to nothing more than labor income to be minimized as much as possible. An economy devised to prop up stock prices is an economy devised not to encourage widespread public wealth, but rather the concentration of private wealth. That is a choice. That is the incentive structure we have built in this country. The mystifying government response that allows a crisis of unemployment and sudden poverty to happen and then refuses to solve it even while doling out trillions of dollars to business is in fact just American capitalism working as we have designed it to.

Every time you look at the news—perhaps while waiting on hold with the dysfunctional state unemployment office—and see that the stock market is doing surprisingly well, do not think of it as just a collection of numbers with little bearing on your life. Think of it as a wall. That wall is protecting the rich from what is happening to the rest of us. As long as the wall stays strong, the best that you can hope for is charity. That is a poor basis for our salvation. There is no healthy path out of this crisis, I’m sorry to say, until the rich feel just as much pain as everyone else. As it stands, it is too easy for them not to care.

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Spending Trillions on 'Defense' Left America Unprepared for Real Disasters Print
Written by <a href="index.php?option=com_comprofiler&task=userProfile&user=38082"><span class="small">Kate Yoder, Grist</span></a>   
Wednesday, 06 May 2020 08:30

Yoder writes: "If federal discretionary spending were a pie (yum!), you'd definitely want to want to pick the piece labeled 'Defense,' taking up over half the pie."

The Navy hospital ship USNS Comfort arrives in New York Harbor to support the national, state and local response to the COVID-19 pandemic, March 30, 2020. (photo: Kenneth Wilsey/FEMA)
The Navy hospital ship USNS Comfort arrives in New York Harbor to support the national, state and local response to the COVID-19 pandemic, March 30, 2020. (photo: Kenneth Wilsey/FEMA)


Spending Trillions on 'Defense' Left America Unprepared for Real Disasters

By Kate Yoder, Grist

06 May 20

 

ith an annual budget of $700 billion and climbing, the military has bought some seriously fancy planes. Take the F-35 fighters, with a price tag of $100 million per plane. Known as the Joint Strike Fighter, it’s the Pentagon’s most expensive weapons program yet, expected to cost $1 trillion over its lifetime. Then there’s the Navy’s newest aircraft carriers: The ships have a toilet problem requiring “specialized acids” that run $400,000 a flush.

Imagine if all that money had been spent on stockpiling ventilators and efforts to stop pandemics before they started.

In the “war” on coronavirus, the U.S. military has assumed a key role in responding to the pandemic, sending ships to help overburdened hospitals in New York City and Los Angeles, bringing millions of N95 masks out of its reserves, and getting to work on a coronavirus vaccine.

But America’s military was designed for blowing things up and moving things around (logistics!), not necessarily saving lives. Those hospital ships, for instance, were built for treating injuries from combat, making them imperfect vessels for containing infectious diseases. Experts have criticized the military’s COVID-19 response as sluggish, with ventilators and masks coming too late.

The military, despite its best efforts, is not the best tool for taking on a raging public health crisis. That’s a job better suited for the Centers for Disease Control and Prevention, the Department of Health and Human Services, and state and local agencies. “We want to be the last resort,” Defense Secretary Mark Esper told the Associated Press in March. The military isn’t supposed to get too involved in domestic affairs — the United States declared independence from Britain, after all, over frustrations with soldiers’ unwanted presence in the daily lives of colonists.

If federal discretionary spending were a pie (yum!), you’d definitely want to want to pick the piece labeled “Defense,” taking up over half the pie. Overpriced weapons have consumed federal spending for decades, depleting funding for areas like public health and climate change. A recent primer from the National Priorities Project at the Institute for Policy Studies, which lays out the many connections between climate change and the military, focuses on how funneling trillions of dollars into “defense” has left the country unprepared for other shocks. If anything, with its gigantic carbon footprint, the Pentagon has made climate change worse.

The federal government’s discretionary spending is lopsided. The United States spends more money on its military than the next 10 countries combined, for instance. Compare the Pentagon’s $700-billion-plus budget with what the country spends on other threats we face. It’s almost 100 times more than the money spent on preparing for pandemics and disease outbreaks. (Congress gave the CDC a little less than $8 billion for 2020.) It’s 270 times more than on energy efficiency and renewable energy, according to the National Priorities Project.

The Pentagon has been talking about the dangers of climate change for decades, and much more candidly than Congress or the White House, said Lorah Steichen, Outreach Coordinator at the National Priorities Project and a coauthor of the report. When it comes to taking on climate change, however, the military is mainly concerned with improving its own ability to cope with the effects. As seas rise and temperatures heat up, the Pentagon is moving its military bases, building sea walls, and staking out land in newly accessible parts of the Arctic.

The Department of Defense also consumes a ridiculous amount of greenhouse gases. If the Pentagon were its own country, it would emit more carbon dioxide than most nations, beating out Sweden, Denmark, and Portugal. While the military has been slowly shrinking its carbon “boot print” over the years, moving troops and fighter jets still burns through an astronomical amount of fuel. It’s the biggest greenhouse gas emitter of any government agency on the planet, according to a report from Brown University’s Costs of War project, and has emitted more than 1 billion metric tons of carbon dioxide since 2001.

“The U.S. military is often framed in the national interest, the best interest of American people,” Steichen said. “But it’s pretty clear that military operations are tied to protecting the economic interests of the fossil fuel industry.” She pointed to studies that oil is the leading cause of war globally, estimated to be the primary contention for between a quarter and a half of wars between countries over the last half-century.

For people who want to see government action on the climate crisis, labeling it a “national security threat” is tempting, given its potential to submerge cities, amplify migration and unrest, and supercharge hurricanes and wildfires. The label could be seen as a way to redirect the already-robust military funding to a better cause and push policymakers to take the crisis more seriously.

But Steichen said that this framing has a hidden cost. “In reality, this militarized framing just invites a search for military solutions,” Steichen said. The risk is that the federal government just funnels more money into the military, rather than into solutions that could address our public-health and climate crises at their root.

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Americans Are Dying to Die: Guard Shot for Asking Customers to Wear Mask as Trump's CDC Predicts 3K Death Per Day by June Print
Written by <a href="index.php?option=com_comprofiler&task=userProfile&user=51519"><span class="small">Juan Cole, Informed Comment</span></a>   
Tuesday, 05 May 2020 12:28

Cole writes: "Security guard Calvin Munerlyn, father of six with three step-children, was shot to death Monday in an altercation over Munerlyn's demand that a 20-year-old woman wear a mask to shop in a Dollar Store in Flint, Michigan."

Protesters rallied at the State Capitol in Lansing, Mich., on Thursday, denouncing Gov. Gretchen Whitmer's stay-home order and business restrictions. (photo: Paul Sancya/AP)
Protesters rallied at the State Capitol in Lansing, Mich., on Thursday, denouncing Gov. Gretchen Whitmer's stay-home order and business restrictions. (photo: Paul Sancya/AP)


ALSO SEE: FBI Seizes Four Pipe Bombs From Home of Colorado
Anti-Lockdown Protester, Feds Say

Americans Are Dying to Die: Guard Shot for Asking Customers to Wear Mask as Trump's CDC Predicts 3K Death Per Day by June

By Juan Cole, Informed Comment

05 May 20

 

ecurity guard Calvin Munerlyn, father of six with three step-children, was shot to death Monday in an altercation over Munerlyn’s demand that a 20-year-old woman wear a mask to shop in a Dollar Store in Flint, Michigan. She was there with her mother, who was masked, and with two men. Munerlyn was accused by the two men of disrespecting the wife of one of them. The younger woman had refused to wear a mask, and Munerlyn denied her service. He was shot in the head and killed.

The altercation had nothing to do with race or politics (all in the altercation are African-American). But this idea that the demand that we mask transcends racial and class boundaries. Many Americans are affronted (no pun intended) at the very requirement.

The tone was set by VP Mike Pence, who broke Mayo Medical Center rules when he visited and was the only one not wearing a mask. Trump has also used his Twitter dog whistle to encourage white supremacists to defy governors on mitigation measures, so he set a tone for this angry, irrational mood.

On Sunday Ohio governor Mike DeWine admitted that he had to rescind his own order that Ohioans wear masks when they go out, because he got enormous pushback from the public, who thought it a “bridge too far.”

On Friday, in Stillwater, Oklahoma, the city council allowed restaurants to open but ordered customers to wear face masks. Within three hours, Stillwater City Manager Norman McNickle admitted, the order had to be amended to merely counsel the public to mask up. said in a statement. J. Brady McCollough at the LA Times reported that McNickle said, “Many of those with objections cite the mistaken belief the requirement is unconstitutional, and under their theory, one cannot be forced to wear a mask. No law or court supports this view.”

Local news reported that when Walmart tried to enforce the mask rule, some customers became abusive, threatening and almost violent. The police themselves received death threats from people saying they would use their fire arms to resist being made to mask.

In the little island community of Petersburg Borough, Alaska, the city council decided not to renew its masking ordinance because it was setting neighbor against neighbor and causing friction among the 3,000 or so residents, with a faction arguing that it detracted from their rights.

I’m not sure what the root is of this feeling that it is unfair or unconstitutional to ask people to wear masks. 

That government should make laws about clothing and comportment was a principle of early modern governance. It is illegal in most jurisdictions to walk around naked, and we don’t see unclothed men with guns insisting on their liberty to be nude. 

Puritan Massachusetts tried to ban ostentation such as the wearing of gold and silver. 

Montesquieu even argued that sumptuary laws, made by the government to forbid some people to dress up ostentatiously, were essential to democratic republics.

Paul A. Rahe writes,

“If, according to Montesquieu, republics – especially, democratic republics – require sumptuary laws (1.7.1-2), it is because the passion that set in motion polities such as classical Sparta and early Republican Rome was a species of virtue grounded in a “love of the laws & the fatherland,” which demanded “a continual preference for the public interest over one’s own.” This in turn required an emphasis on equality, which Montesquieu describes as “the soul” of the democratic state. “In a democracy,” he explains, “the love of equality restricts ambition to a single desire, to the sole happiness of rendering to the fatherland greater services than the other citizens.” To produce this love, to so restrict the scope of ambition, and to inspire in the citizens of a republic the requisite spirit of self-renunciation, one must deploy “the complete power of education” and instill in the citizens a “love of frugality that restricts the desire to possess” to what a family actually needs (1.4.5, 5.3-7). Sumptuary laws are needed to reinforce this propensity, for “to people who are allowed nothing but what is necessary, there is nothing left to desire but the glory of the fatherland and the glory that is their own” (1.7.2).”

Masks aren’t exactly like sumptuary laws, though I suppose they do have a leveling effect. In that case, rejecting them is a demand for hierarchy and Montesquieu would say it is monarchical (he did argue that there is no point in legislating plain clothing in a monarchy, since there is no need for grassroots solidarity in that authoritarian system). Maybe our march toward plutocracy is further advanced than we had realized.

Even Gene Simmons of “Kiss” argued with fans that they should wear masks. When he got pushback from a fan seized by the myth that masks don’t stop you from getting sick, Simmons pointed out that they are to protect other people from you. I guess the fan got the Big Tongue. 

Simmons is right. Moreover, societies that practice almost universal masking during the pandemic, such as Hong Kong and South Korea, have very low numbers of cases and low death rates.

It is the same thing with shaking hands. VP Mike Pence famously said that politicians shake hands and he expected himself and Trump to continue to do so. The bodily contact of the handshake, the body language, the feeling of the “grip” of the other, all of this seems to be important to the US political class, though I expect it is mainly the men who care about it.

Human beings are disease vectors, and you really don’t want them sharing their saliva droplets or their hand microbes with you during a pandemic. Not sure why insisting on these things should be thought wrought up with our civil liberties. Is it that we have a right to sicken and die?

Meanwhile, Yahoo conveys that the New York Times reported that an internal Trump administration Centers for Disease Control report estimated that not only will deaths in the US not plateau in May, they will rise substantially, so that 3,000 a day will be dying but June.

This projection is almost certainly true, since so many states are opening prematurely and the virus will get a second wind. Social distancing reduces the rate of the transmission of the disease, which you want to be less than one if you are to tamp it down. If people don’t social distance, the rate of transmission rises above one, which means that the number of victims of the disease will begin growing. It grows exponentially.

Yahoo embedded the following from Margot Sanger-Katz at the NYT on their reporting:

There is no other country in the world, the government of which would blithely put up with a projection like this and which would not only take no measures to stop this development but would actively encourage an end to mitigation policies.

Trump is using his bully pulpit to applaud irresponsible governors who open up their states even before the number of cases begins declining (a 14-day decline is what the CDC recommends). The US, with 4 percent of the world’s population, has over a fourth of the deaths. 

This is an unmitigated catastrophe, folks. 

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The Democratic Party's Cynical, Anti-Democratic Maneuvers Against Bernie Sanders Print
Written by <a href="index.php?option=com_comprofiler&task=userProfile&user=43875"><span class="small">Branko Marcetic, Jacobin</span></a>   
Tuesday, 05 May 2020 12:28

Marcetic writes: "New York Democrats have struck Bernie Sanders from the ballot, canceling the state's June primary. It's left a bitter taste in the mouths of his supporters, whose disillusionment with the Democratic Party will only deepen."

Democratic presidential candidates former South Bend, Indiana mayor Pete Buttigieg, former New York City mayor Mike Bloomberg, Sen. Bernie Sanders (I-VT), Sen. Amy Klobuchar (D-MN), and Tom Steyer speak after the Democratic presidential primary debate at the Charleston Gaillard Center on February 25, 2020, in Charleston, South Carolina. (photo: Win McNamee/Getty Images)
Democratic presidential candidates former South Bend, Indiana mayor Pete Buttigieg, former New York City mayor Mike Bloomberg, Sen. Bernie Sanders (I-VT), Sen. Amy Klobuchar (D-MN), and Tom Steyer speak after the Democratic presidential primary debate at the Charleston Gaillard Center on February 25, 2020, in Charleston, South Carolina. (photo: Win McNamee/Getty Images)


The Democratic Party's Cynical, Anti-Democratic Maneuvers Against Bernie Sanders

By Branko Marcetic, Jacobin

05 May 20


New York Democrats have struck Bernie Sanders from the ballot, canceling the state’s June primary. It’s left a bitter taste in the mouths of his supporters, whose disillusionment with the Democratic Party will only deepen.

lmost as soon as former vice president Joe Biden was left as the only candidate still running in the Democratic primary, the celebration that typically follows a nomination victory was replaced by panic among Democrats and the liberal press: Would the party unify? Would Bernie Sanders supporters get behind Biden? Three weeks later, New York Democrats have effectively canceled the state’s Democratic primary, angering Sanders supporters and deepening the party rift Biden backers fear may hurt his chances in November.

When Sanders officially suspended his campaign on April 8, he made clear he would stay on the ballot in upcoming primary contests to accrue delegates and wield some influence over the party platform and rules come convention time. But before the month was even over, New York lawmakers slipped a provision into the state’s budget bill paving the way for the New York State Board of Elections’ unanimous vote last Monday to remove Sanders from the ballot. Co-chair Douglas Kellner called the primary “a beauty contest” that is “unnecessary and frivolous,” and cited health concerns around voting during a pandemic.

The decision elicited outrage from top Sanders advisers like Nina Turner, who charged it had a “chilling effect on democracy,” and Jeff Weaver, who called it a “blow to American democracy.” But it’s also infuriated rank-and-file Sanders backers, who told Jacobin they feel disrespected, silenced, and believe the decision will make the mission of defeating Trump in November more difficult.

Joseph Henderson was a Sanders delegate for New York’s 21st district, a rural area in the northern part of the state bordering Vermont. He estimates he spent hundreds of hours over the holidays driving around, organizing events, and gathering signatures in the dead of winter to be on the ballot, all of which has now been for naught.

“For a party that calls themselves the Democratic Party, they really don’t care for actual democracy,” he says.

Diana Klementowski first got involved in politics in 2000 because she “despised George W. Bush so much.” She supported Sanders in 2016 before campaigning for Hillary Clinton in Ohio for the general election, and decided to become a delegate this year.

“I did a lot,” she says. “As soon as you could start collecting petition signatures, I literally ran out the door, went to my car, drove down the road and started petitioning. I was darn determined.”

Klementowski says she spent three to four hours a day nearly every day for weeks collecting signatures, gathering more than 150 of the 500 her group of five needed. Apologizing at one point for using the word “damn” in describing her reaction to the latest news, Klementowski clearly found it difficult to hold back a sense of betrayal.

“They’re the only stupid state to do this,” she says. “I’m very, very, very angry.”

It was much the same for Toni Kennedy, a registered nurse and Democratic member of the Potsdam town council who was inspired to enter politics by Bernie Sanders and Alexandria Ocasio-Cortez. Kennedy, too, went door-to-door in the bitter cold of January gathering signatures to get on the ballot as a Sanders delegate.

“New York is one of the hardest states in the country to get on the ballot for,” she says. “So when you put a lot of work into getting on the ballot and you do everything you’re supposed to do, to just be removed without any say or consideration, it’s very undemocratic.”

Confirming the Worst Suspicions

It isn’t just potential delegates who feel let down. Zohar Gitlis, thirty-two, Henderson’s neighbor and a volunteer for the Sanders campaign, comes from a Democratic voting family and says she’s held a “pretty go with the flow, loyal Democratic mindset” for her entire voting life. After supporting Sanders in 2016, she door-knocked for Clinton that October due to her concern over Trump being elected. This year, she believes she spent somewhere close to ten hours a week on the campaign for a month and a half, including gathering signatures for ballot access phone-banking, and volunteering in New Hampshire.

“I did a door-to-door during a snowstorm one Saturday afternoon, asking for signatures,” she recalls. “I remember thinking, ‘This is great, ‘cause so many people are at home.’ But I definitely got a lot of ‘I can’t believe you’re out right now.’”

For Gitlis, the decision to cancel the primary has made it hard to envision eventually having one-on-one conversations with voters for the Biden campaign.

“I’m feeling more alienated than ever by the Democratic establishment, more completely taken for granted and disrespected,” she says. “This news definitely ignited that feeling, more than any of the other outrageous things that have happened in this election cycle, ‘cause I guess it was personal, ‘cause I’d gathered signatures.”

“It’s a slap in the face,” says Jay Bellanca, upstate co-chair of the New York Progressive Action Network, an affiliate of the Sanders-backed Our Revolution. Bellanca, who first got involved in politics working for Kirsten Gillibrand’s 2006 Congressional campaign, says the cancellation is already undermining party unity going into November.

“I’ve tried to bridge the gap between the Bernie people and the establishment, and every time, it just makes it so difficult when they do things like this,” he says. “The ‘DemExit’ thing has picked up steam again.”

It was a sentiment repeated again and again by Sanders supporters, who, while personally committed to defeating Trump in November, now fear it will be much harder to get others on board. Several recounted similar feelings among others in their social networks: that they were angry, feel the decision confirms their worst suspicions about the party, and that they can’t bring themselves to go the extra mile to elect Biden come November — some may even vote third party.

“I know a lot of people who have voted blue every election of their lives and knocked on doors for plenty of candidates they don’t like who are feeling particularly uninspired to do that this cycle,” says Gitlis.

“You’ve now caused the disunity that Trump would only dream of,” says Larry Cohen, Our Revolution board chair. “Those of us who are committed to beating Trump and electing Joe Biden president, this makes it harder.”

Others see more far-reaching consequences in the cancellation, with many Democratic voters fearing that Trump will use the pandemic as justification to cancel the election in November.

“New York has provided a precedent for this,” says Kennedy. “It only makes it easier for Trump to do it, to say he’s only doing what blue states have done.”

As it stands, the decision to cancel on the basis of health concerns makes little sense. For one thing, Cuomo has already pledged to give all registered voters the ability to vote absentee. And even with the cancelation of the presidential primary, most of the state’s residents will still be voting in June in an array of down-ballot races anyway.

The decision is also difficult to square with the party’s resistance toward earlier calls to delay primaries over the risk of magnifying the pandemic’s spread add suppressing voting. Illinois governor and Biden supporter J. B. Pritzker ignored the Chicago Board of Elections request to delay the state’s primary despite having urged people to stay home just days earlier, while Ohio’s Democratic Party challenged its Republican governor’s decision to postpone his, and the Democratic National Committee threatened states with losing delegates if they delayed their primaries too far in the future.

Meanwhile, Biden campaign staff and Biden himself repeatedly misinformed voters that it was safe to vote in person, arguing that elections were held during the Civil War and 1918 influenza, and reportedly insisting against delaying Wisconsin’s primary. Coronavirus cases and deaths have since been traced to all those elections.

It’s all left a sour taste in the mouths of supporters of Sanders, who, despite his loss, make up a significant chunk of the Democratic base, particularly its younger cohort. Biden is currently struggling with younger voters, a key part of Obama’s winning coalition, and who have been frustrated at Biden’s refusal to embrace elements of Sanders’s agenda. For them, the cancellation of New York’s primary seems just further proof that the party, for all its demands for unity, is bent on proving it can win without them.

“If they cut progressives out, I hope they don’t blame us if Biden loses the election,” says Kennedy.

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V-E Day Plus 75: From a Moment of Victory to a Time of Pandemic Print
Written by <a href="index.php?option=com_comprofiler&task=userProfile&user=54251"><span class="small">Andrew Bacevich, TomDispatch</span></a>   
Tuesday, 05 May 2020 12:28

Bacevich writes: "The 75th anniversary of Nazi Germany's surrender in May 1945 ought to prompt thoughtful reflection. For Americans, V-E Day, as it was then commonly called, marked the beginning of 'our times.' The Covid-19 pandemic may signal that our times are now coming to an end."

V-E Day marked the end of fighting in Europe in World War II. (photo: Getty Images)
V-E Day marked the end of fighting in Europe in World War II. (photo: Getty Images)


V-E Day Plus 75: From a Moment of Victory to a Time of Pandemic

By Andrew Bacevich, TomDispatch

05 May 20

 


There was certainly a hint that the previous century was not going to unfold in a particularly propitious manner when World War I, “the war to end all wars” (a phrase famously attributed to American President Woodrow Wilson), proved but an introduction to a second world war that would make the first look more like a skirmish. Add in the fact that the pandemic to end all pandemics, the 1918 “Spanish flu” (that may actually have originated in the United States), killed at least 50 million people on this planet before being forgotten in the catastrophic Great Depression and, until recently, essentially dropped from history.

And that, mind you, is the world that Andrew Bacevich’s parents and mine inherited. They -- at least those of them who fought in that second world war -- would later be dubbed “the greatest generation” (a phrase made famous as the title of a 1998 book by journalist Tom Brokaw). At least in my experience and those of my friends, however, the fathers of that era knew better and generally were remarkably silent about that war of theirs and its supposed glories, even as, in my childhood, Hollywood was putting shining versions of it on every movie screen around.

Now, we’re two decades into a new century, one in which the U.S. has been fighting a series of wars that won’t end (no less end all war) and in which this country has only recently been consumed by a Spanish-flu-like global pandemic whose best (that is, worst) days may still be ahead of it on significant parts of the planet. In that context, TomDispatch regular Bacevich, author of the new book The Age of Illusions: How America Squandered Its Cold War Victory, considers what the children of that “greatest” generation (including both him and me) have to look back on 75 years after their parents' war (at least the one in Europe) ended in a triumph that promised an American world beyond compare and has ended up in a nothingness that's sad to behold.

-Tom Engelhardt, TomDispatch



he 75th anniversary of Nazi Germany’s surrender in May 1945 ought to prompt thoughtful reflection. For Americans, V-E Day, as it was then commonly called, marked the beginning of “our times.” The Covid-19 pandemic may signal that our times are now coming to an end.

Tom Engelhardt, editor and proprietor of TomDispatch, was born less than a year prior to V-E Day. I was born less than two years after its counterpart V-J Day, marking the surrender of Imperial Japan in August 1945.

Tom is a New Yorker, born and bred. I was born and raised in the Midwest.

Tom is Jewish, although non-observant. I am a mostly observant Catholic.

Tom is a progressive who as a young man protested against the Vietnam War. I am, so I persist in claiming, a conservative. As a young man, I served in Vietnam.

Yet let me suggest that these various differences matter less than the fact that we both came of age in the shadow of World War II -- or more specifically in a time when the specter of Nazi Germany haunted the American intellectual landscape. Over the years, that haunting would become the underlying rationale for the U.S. exercise of global power, with consequences that undermined the nation’s capacity to deal with the menace that it now faces.

Tom and I both belong to what came to be known as the Baby Boom generation (though including him means ever so slightly backing up the official generational start date). As a group, Boomers are generally associated with having had a pampered upbringing before embarking upon a rebellious youth (Tom more than I), and then as adults helping ourselves to more than our fair share of all that life, liberty, and happiness had on offer. Now, preparing to exit the stage, we Boomers are passing on to those who follow us a badly damaged planet and a nation increasingly divided, adrift, and quite literally sick. A Greatest Generation we are not.

How did all this happen? Let me suggest that, to unpack American history during the decades when we Baby Boomers sashayed across the world stage, you have to begin with World War II, or more specifically, with how that war ended and became enshrined in American memory.

Of course, we Boomers never experienced the war directly. Our parents did. Tom’s father and both of my parents served in World War II. Yet neither were we Boomers ever truly able to put that war behind us. For better or worse, members of our generation remain the children of V-E Day, when -- so we tell ourselves -- evil was finally vanquished and good prevailed.

Never Forget

For Tom, for me, and for our contemporaries, World War II as history and as metaphor centers specifically on the Nazis and their handiwork: swastikas, mammoth staged rallies, the Gestapo and the SS, the cowardice of surrender at Munich, the lightning offensive campaigns known as blitzkrieg, London burning, the Warsaw Ghetto, slave labor, and, of course, a vast network of death camps leading to the Holocaust, all documented in film, photographs, archives, and eyewitness accounts.

And then there was der Führer himself, Adolf Hitler, the subject of a fascination that, over the decades, proved bottomless and more than slightly disturbing. (If your local library ever reopens, compare the number of books about Hitler to those about Italian fascist leader Benito Mussolini or wartime Japanese emperor Hirohito.) Seventy-five years after his death, Hitler remains among us, the supreme villain routinely pressed into service by politicians and media pundits alike intent on raising the alarm about some imminent danger. If ever there were a man for all seasons, it is Adolf Hitler.

Hitler's centrality helps explain why Americans typically date the opening of World War II to September 1939 when the Wehrmacht invaded Poland. Only in December 1941 did the United States (belatedly) join the conflict, the Imperial Japanese Navy’s attack on Pearl Harbor and other American installations in the Pacific forcing Washington’s hand. In fact, however, a full decade earlier Japan had already set out to create what it would eventually call its Greater East Asia Co-Prosperity Sphere. In September 1931, its forces invaded then Chinese-controlled Manchuria, an undertaking that soon enough morphed into a very large and brutal armed conflict with China proper in which the United States participated on a proxy basis. (Remember the Flying Tigers?) In other words, World War II actually began in Asia rather than Europe, with the first shots fired years before the Nazi attack on Poland.

Yet launching the narrative in September 1939 has the effect of keeping the primary focus on Germany. From a moral perspective, there are ample reasons for doing this: Even in a century of horrendous crimes -- the Armenian genocide, Stalin’s extermination of Ukraine’s kulaks, and Mao Zedong’s murderous campaign against his own people -- the sheer unadulterated evil of the Nazi regime stands apart.

From a political perspective, however, intense preoccupation with one example of iniquity, however horrific, induces a skewed perspective. So it proved to be with the United States during the decades that followed V-E Day. Subsumed within the advertised purposes of postwar U.S. policy, whether called “defense,” “deterrence,” “containment,” “liberation,” or “the protection of human rights,” has been this transcendent theme: “Never Again.” That is, never again will the United States ignore or appease or fail to confront a regime that compares to -- or even vaguely resembles -- Nazi Germany. Never again will it slumber until rudely awakened by a Pearl Harbor-like surprise. Never again will it allow its capacity for projecting power against distant threats to dissipate. Never again will it fail to lead.

Of all Donald Trump’s myriad deficiencies, large and small, this may be the one that his establishment critics find most difficult to stomach: his resurrection of “America First” as a primary principle of statecraft suggests a de facto nullification of “Never Again.”

To Trump’s critics, it hardly matters that “America First” in no way describes actual administration policy. After all, more than three years into the Trump presidency, our endless wars persist (and in some cases have even intensified); the nation’s various alliances and its empire of overseas bases remain intact; U.S. troops are still present in something like 140 countries; Pentagon and national security state spending continues to increase astronomically. Even so, the president does appear oblivious to the historical antecedent -- that is, the imperative of standing ready to deal with the next Hitler -- that finds concrete expression in these several manifestations of U.S. national security policy. No one has ever accused Donald Trump of possessing a profound grasp of history. Yet here his apparent cluelessness is especially telling.

Not least among the unofficial duties of any president is to serve as the authoritative curator of public memory. Through speeches, proclamations, and the laying of wreaths, presidents tell us what we should remember and how. Through their silence, they give us permission to forget the parts of our past that we prefer to forget. Himself born barely a year after V-E Day, Donald Trump seems to have forgotten World War II.

New Signs for a New Time?

Yet let’s consider this admittedly uncongenial possibility: perhaps Trump is onto something. What if V-E Day is no more relevant to the present than the Treaty of Ghent, which ended the War of 1812? What if, as a basis for policy, “Never Again” is today just as outmoded as “America First”? What if clinging to the canonical lessons of the war against Hitler impedes efforts to repair our nation and our planet?

An abiding problem with “Never Again” is that U.S. policymakers have never applied it to the United States. Since V-E Day, individuals and regimes deemed in Washington to be the spawn of Hitler and the Nazis have provided justification for successive administrations to accumulate arms, impose punishments, underwrite coups and assassination plots, and, of course, wage war endlessly. Beginning with Soviet dictator Joseph Stalin and China’s Mao Zedong, the list of malefactors that U.S. officials and militant journalists have likened to Hitler is a long one. They’ve ranged from North Korea’s Kim Il Sung in the 1950s to Cuba’s Fidel Castro in the 1960s to Iraq’s Saddam Hussein in the 1990s. And just to bring things up to date, let’s not overlook the ayatollahs governing present-day Iran.

Two decades after V-E Day, a succession of presidents deployed lessons ostensibly derived from the war against Hitler to justify the Vietnam War. John F. Kennedy described South Vietnam as "the cornerstone of the Free World in Southeast Asia, the Keystone of the arch, the finger in the dike." Failing to defend that country would allow "the red tide of Communism," as he put it, to sweep across the region much as appeasers had allowed the Nazi tide to sweep across Europe. "Everything I knew about history," Lyndon Johnson reflected, "told me that if I got out of Vietnam and let Ho Chi Minh run through the streets of Saigon, then I'd be doing exactly what [Neville] Chamberlain did in World War II," a reference, of course, to the Munich Agreement with Hitler, which that British prime minister so infamously labeled "peace in our time." Even as late as 1972, Richard Nixon was assuring the public that "an American defeat" in Vietnam "would encourage this kind of aggression all over the world."

Vietnam provides but one example among many of how viewing problems through the lens of World War II in Europe has obscured real situations and actual stakes on this planet. In short, the promiscuous use of the Hitler analogy has produced deeply flawed policy decisions, while also deceiving the American people. This has inhibited our ability to see the world as it actually is.

Overall, the approach to statecraft that grew out of V-E Day defined the ultimate purpose of U.S. policy in terms of resisting evil. That, in turn, provided all the justification needed for building up American military capabilities beyond compare and engaging in military action on a planetary scale.

In Washington, policymakers have shown little inclination to consider the possibility that the United States itself might be guilty of doing evil. In effect, the virtuous intentions implicit in “Never Again” inoculated the United States against the virus to which ordinary nations were susceptible. V-E Day seemingly affirmed that America was anything but ordinary.

Here, then, we arrive at one explanation for the predicament in which the United States now finds itself. In a recent article in the New York Times, journalist Katrin Bennhold wondered how it could be that, when it came to dealing with Covid-19, “the country that defeated fascism in Europe 75 years ago” now finds itself “doing a worse job protecting its citizens than many autocracies and democracies” globally.

Yet it might just be that events that occurred 75 years ago in Europe no longer have much bearing on the present. The country that defeated Hitler’s version of fascism (albeit with considerable help from others) has since allowed its preoccupation with fascists, quasi-fascists, and other ne’er-do-wells to serve as an excuse for letting other things slip, particularly here in the homeland.

The United States is fully capable of protecting its citizens. Yet what the present pandemic drives home is this: doing so, while also creating an environment in which all citizens can flourish, is going to require a radical revision of what we still, however inaccurately, call “national security” priorities. This does not mean turning a blind eye to mass murder. Yet the militarization of U.S. policy that occurred in the wake of V-E Day has for too long distracted attention from more pressing matters, not least among them creating a way of life that is equitable and sustainable. This perversion of priorities must now cease.

So, yes, let’s mark this V-E Day anniversary with all due solemnity. Yet 75 years after the collapse of the Third Reich, the challenge facing the United States is not “Never Again.” It’s “What Now?”

For the moment at least, Tom and I are still around. Yet “our times” -- the period that began when World War II ended -- have run their course. The “new times” upon which the nation has now embarked will pose their own distinctive challenges, as the Covid-19 pandemic makes unmistakably clear. Addressing those challenges will require leaders able to free themselves from a past that has become increasingly irrelevant.



Andrew Bacevich, a TomDispatch regular, is president of the Quincy Institute for Responsible Statecraft. His new book is The Age of Illusions: How America Squandered Its Cold War Victory.

Follow TomDispatch on Twitter and join us on Facebook. Check out the newest Dispatch Books, John Feffer’s new dystopian novel (the second in the Splinterlands series) Frostlands, Beverly Gologorsky's novel Every Body Has a Story, and Tom Engelhardt's A Nation Unmade by War, as well as Alfred McCoy's In the Shadows of the American Century: The Rise and Decline of U.S. Global Power and John Dower's The Violent American Century: War and Terror Since World War II.

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