Economics

What This Cruel War Was Over

The Confederate Monument at Arlington National Cemetery | Wikimedia

THE ATLANTIC – TA-NEHISI COATES

(Originally Published 6-22-20150)

The meaning of the Confederate flag is best discerned in the words of those who bore it.

This afternoon, in announcing her support for removing the Confederate flag from the capitol grounds, South Carolina Governor Nikki Haley asserted that killer Dylann Roof had “a sick and twisted view of the flag” which did not reflect “the people in our state who respect and in many ways revere it.” If the governor meant that very few of the flag’s supporters believe in mass murder, she is surely right. But on the question of whose view of the Confederate Flag is more twisted, she is almost certainly wrong.

Roof’s belief that black life had no purpose beyond subjugation is “sick and twisted” in the exact same manner as the beliefs of those who created the Confederate flag were “sick and twisted.” The Confederate flag is directly tied to the Confederate cause, and the Confederate cause was white supremacy. This claim is not the result of revisionism. It does not require reading between the lines. It is the plain meaning of the words of those who bore the Confederate flag across history. These words must never be forgotten. Over the next few months the word “heritage” will be repeatedly invoked. It would be derelict to not examine the exact contents of that heritage.

This examination should begin in South Carolina, the site of our present and past catastrophe. South Carolina was the first state to secede, two months after the election of Abraham Lincoln. It was in South Carolina that the Civil War began, when the Confederacy fired on Fort Sumter. The state’s casus belli was neither vague nor hard to comprehend:

…A geographical line has been drawn across the Union, and all the States north of that line have united in the election of a man to the high office of President of the United States, whose opinions and purposes are hostile to slavery. He is to be entrusted with the administration of the common Government, because he has declared that that “Government cannot endure permanently half slave, half free,” and that the public mind must rest in the belief that slavery is in the course of ultimate extinction. This sectional combination for the submersion of the Constitution, has been aided in some of the States by elevating to citizenship, persons who, by the supreme law of the land, are incapable of becoming citizens; and their votes have been used to inaugurate a new policy, hostile to the South, and destructive of its beliefs and safety.

In citing slavery, South Carolina was less an outlier than a leader, setting the tone for other states, including Mississippi:

Our position is thoroughly identified with the institution of slavery—the greatest material interest of the world. Its labor supplies the product which constitutes by far the largest and most important portions of commerce of the earth. These products are peculiar to the climate verging on the tropical regions, and by an imperious law of nature, none but the black race can bear exposure to the tropical sun. These products have become necessities of the world, and a blow at slavery is a blow at commerce and civilization. That blow has been long aimed at the institution, and was at the point of reaching its consummation. There was no choice left us but submission to the mandates of abolition, or a dissolution of the Union, whose principles had been subverted to work out our ruin…

Louisiana:

As a separate republic, Louisiana remembers too well the whisperings of European diplomacy for the abolition of slavery in the times of an­nexation not to be apprehensive of bolder demonstrations from the same quarter and the North in this country. The people of the slave holding States are bound together by the same necessity and determination to preserve African slavery.

Alabama:

Upon the principles then announced by Mr. Lincoln and his leading friends, we are bound to expect his administration to be conducted. Hence it is, that in high places, among the Republi­can party, the election of Mr. Lincoln is hailed, not simply as it change of Administration, but as the inauguration of new princi­ples, and a new theory of Government, and even as the downfall of slavery. Therefore it is that the election of Mr. Lincoln cannot be regarded otherwise than a solemn declaration, on the part of a great majority of the Northern people, of hostility to the South, her property and her institutions—nothing less than an open declaration of war—for the triumph of this new theory of Government destroys the property of the South, lays waste her fields, and inaugurates all the horrors of a San Domingo servile insurrection, consigning her citizens to assassinations, and. her wives and daughters to pollution and violation, to gratify the lust of half-civilized Africans.

Texas:

…in this free government all white men are and of right ought to be entitled to equal civil and political rights; that the servitude of the African race, as existing in these States, is mutually beneficial to both bond and free, and is abundantly authorized and justified by the experience of mankind, and the revealed will of the Almighty Creator, as recognized by all Christian nations; while the destruction of the existing relations between the two races, as advocated by our sectional enemies, would bring inevitable calamities upon both and desolation upon the fifteen slave-holding states….

None of this was new. In 1858, the eventual president of the Confederacy Jefferson Davis threatened secession should a Republican be elected to the presidency:

I say to you here as I have said to the Democracy of New York, if it should ever come to pass that the Constitution shall be perverted to the destruction of our rights so that we shall have the mere right as a feeble minority unprotected by the barrier of the Constitution to give an ineffectual negative vote in the Halls of Congress, we shall then bear to the federal government the relation our colonial fathers did to the British crown, and if we are worthy of our lineage we will in that event redeem our rights even if it be through the process of revolution.

It is difficult for modern Americans to understand such militant commitment to the bondage of others. But at $3.5 billion, the four million enslaved African Americans in the South represented the country’s greatest financial asset. And the dollar amount does not hint at the force of enslavement as a social institution. By the onset of the Civil War, Southern slaveholders believed that African slavery was one of the great organizing institutions in world history, superior to the “free society” of the North.

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KRUGMAN UNDRESSES THE GOP

Paul Krugman: California proves the GOP's "extremist ideology ... is nonsense"

Paul Krugman | (Credit: Reuters/Chip East)

Salon

The New York Times columnist explains how California’s success puts conservative dogma to shame

In his latest column for the New York Times, award-winning economist and best-selling author Paul Krugman argues that California’s recent success — and Kansas’ ongoing failure — is yet more proof that conservative anti-tax dogma “is nonsense.”

After citing Justice Brandeis’ famous claim that America’s states are laboratories for democracy, Krugman turns to compare and contrast California and Kansas, noting that while the former state has seen economic growth and a successful implementation of Obamacare, the latter has had a stagnant economy and a ballooning deficit.

Not incidentally, these states decided to take opposite approaches to economic policy, with California embracing “a modestly liberal agenda of higher taxes, spending increases and a rise in the minimum wage” while Kansas “went all-in on supply-side economics, slashing taxes on the affluent” only to see paltry growth and a darkening fiscal picture.

“If tax increases are causing a major flight of jobs from California, you can’t see it in the job numbers,” Krugman writes. “Employment is up 3.6 percent in the past 18 months, compared with a national average of 2.8 percent; at this point, California’s share of national employment, which was hit hard by the bursting of the state’s enormous housing bubble, is back to pre-recession levels.”

Does Krugman expect the California example to change conservatives’ minds? Hardly. “Has there been any soul-searching among the prophets of California doom, asking why they were so wrong?” he asks. “Not that I’m aware of. Instead, I’ve been seeing many attempts to devalue the good news from California by pointing out that the state’s job growth still lags that of Texas, which is true, and claiming that this difference is driven by differential tax rates, which isn’t.”

Krugman then explains why Texas and California diverge — and how it’s not for the reasons right-wingers think:

For the big difference between the two states, aside from the size of the oil and gas sector, isn’t tax rates. it’s housing prices. Despite the bursting of the bubble, home values in California are still double the national average, while in Texas they’re 30 percent below that average. So a lot more people are moving to Texas even though wages and productivity are lower than they are in California.

And while some of this difference in housing prices reflects geography and population density — Houston is still spreading out, while Los Angeles, hemmed in by mountains, has reached its natural limits — it also reflects California’s highly restrictive land-use policies, mostly imposed by local governments rather than the state. As Harvard’s Edward Glaeser has pointed out, there is some truth to the claim that states like Texas are growing fast thanks to their anti-regulation attitude, “but the usual argument focuses on the wrong regulations.” And taxes aren’t important at all.

KRUGMAN: We Are On The Brink Of A Technology Revolution That Will Transform Our Economy

Paul Krugman, Laureate of the Sveriges Riksban...

As a quasi techie, this article caught my eye…

Business Insider

A life-changing technology revolution, which we thought it was decades away, is upon us, says economist Paul Krugman, author of “End This Depression Now!

“So far the information technology revolution doesn’t hold a candle to previous technology revolutions,” Krugman said in an interview with Business Insider editor-in-chief Henry Blodget.

“The really big revolutions were the ones that took place largely towards the end of the 19th century that actually powered growth for a long time after that.”

But now, with driverless cars becoming a reality, technology is closer to affecting our physical world — transportation, productivity and efficiency, among others.

Watch Krugman making the case against technology pessimists below.

http://www.businessinsider.com/paul-krugman-on-technology-and-the-economy-2013-2

Krugman: 9/11 made Bush, Giuliani become ‘fake heroes’

Paul Krugman, Laureate of the Sveriges Riksban...

Image via Wikipedia

I’d have to agree with Nobel prize winner in economics, Paul Krugman on his assessment…

The Raw Story

This story may not be going away for a long while.

New York Times columnist Paul Krugman lashed out at the commemoration of the 10 year anniversary of September 11th, labeling George W. Bush and Rudy Giuliani as “fake heroes.”

On his “Conscience of a Liberal” blog Sunday morning, the Princeton economics professor didn’t lack in showing any temerity in his comments that certainly will upset conservatives.

“What happened after 9/11 — and I think even people on the right know this, whether they admit it or not — was deeply shameful,” he wrote. “Fake heroes like Bernie Kerik, Rudy Giuliani, and, yes, George W. Bush raced to cash in on the horror. And then the attack was used to justify an unrelated war the neocons wanted to fight, for all the wrong reasons.”

Krugman, who normally allows comments, also wrote that he wasn’t going to allow comments under this post “for obvious reasons.”

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