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Markets Are Interested In Profits And Profits Only; Service, Quality, And General Affluence Are Different Functions Altogether. The Universal, Democratic Prosperity That Americans Now Look Back To With Such Nostalgia Was Achieved Only By A Colossal Reigning In Of Markets, By The Gargantuan Effort Of Mass, Popular Organizations Like Labor Unions And Of The People Themselves, Working Through A Series Of Democratically Elected Governments Not Daunted By The Myths Of The Market.

-Thomas Frank

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Markets Are Interested In

Thomas Frank

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Markets Are Interested In Profits And Profits Only; Service, Quality, And General Affluence Are Different Functions Altogether. The Universal, Democratic Prosperity That Americans Now Look Back To With Such Nostalgia Was Achieved Only By A Colossal Reigning In Of Markets, By The Gargantuan Effort Of Mass, Popular Organizations Like Labor Unions And Of The People Themselves, Working Through A Series Of Democratically Elected Governments Not Daunted By The Myths Of The Market.

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Thanks To A Deal Finalized In 2008, Chicago’s Parking Meters Will Be Operated For The Next 75 Years By A Group Of Investors Put Together By Morgan Stanley, Including The Sovereign Wealth Fund Of Abu Dhabi.

People Are Born In A Certain Place, And In A Certain Society. I Don't Mean To Sound Like A Determinist, But To Think We're Entirely Free To Do Whatever We Want Betrays A Certain Class Perspective. For Most People Who Have To Work For A Living, And Work At Jobs Under Conditions They May Not Like, It's Just Not Simple When It Comes To Freedom.

People Getting Their Fundamental Interests Wrong Is What American Political Life Is All About.

Mounting A Campaign Against Plutocracy Makes As Much Sense To The Typical Washington Liberal As Would Circulating A Petition Against Gravity. What Our Modernized Liberal Leaders Offer Is Not Confrontation But A Kind Of Therapy For Those Flattened By The Free-market Hurricane: They Counsel Us To Accept The Inevitability Of The Situation.

The Only Truly Individualistic Health-care Choice - Where You Receive Care That Is Unpolluted By Anyone Else’s Funds - Is To Forgo Insurance Altogether, Paying Out-of-pocket For Health Services As You Need Them.

In Small Towns, Bored Teenagers Turn Their Eyes Longingly To The Exciting Doings In The Big Cities, Pining For Urban Amenities Like Hipster Bars And Farmers' Markets And Indie-rock Festivals. Like Everyone Else, They Want The Vibrant And They Will Not Be Denied.

It Is Always A Disappointment To Turn From Forthright Consideration Of Some Subject - Whether From The Left Or The Right, A Poet Or A Plumber - To The Beltway Version, In Which The Only Aspects Of The Issue That Matter Are The Effects It Will Have On The Fortunes Of The Two Parties And The Various Men In Power.

Markets Are Interested In Profits And Profits Only; Service, Quality, And General Affluence Are Different Functions Altogether. The Universal, Democratic Prosperity That Americans Now Look Back To With Such Nostalgia Was Achieved Only By A Colossal Reigning In Of Markets, By The Gargantuan Effort Of Mass, Popular Organizations Like Labor Unions And Of The People Themselves, Working Through A Series Of Democratically Elected Governments Not Daunted By The Myths Of The Market.

Most Of Roosevelt's Innovations Have Been The Law Of The Land For 70 Years Now, And Yet We Are Still A Free Society Free Enough, That Is, To Allow Tens Of Thousands Of Protesters To Gather On The National Mall And To Broadcast Their Slogans And Speeches To The World Via C-span.

When You Take Somebody's Quote Out Of Context, Which Happens All The Time, Nobody's Ever Going To Go And Do The Research On Their Own And Figure Out That You Got It Wrong.

In America, We No Longer Have An Institutionalized, Organized Way Of Calling Business To Task - Of Taking Them To Account For What They've Done - And This Is Especially True In The Cultural Realm.

I Think There's Great Potential For Autonomy, But We Have To Remember That We Live In A World Where People May Have Free Will But Have Not Invented Their Circumstances.

Americans Have Known About Mounting Inequality And King-sized Wall Street Bonuses For Years. But We Also Had An Entire Genre Of Journalism Dedicated To Brushing The Problem Off.

Maybe That First, Gigantic Deficit The Reaganites Piled Up Was An Accident, Just A Combination Of Deluded 'supply Side' Tax Cuts And A Huge Bag Of Good Stuff For The Pentagon. But Pretty Quickly Conservatives Discovered That Deficits, When Done Correctly, Did Something Really Cool: Deficits Defunded The Left.

The Great Goal Of The Backlash Is To Nurture A Cultural Class War, And The First Step In Doing So, As We Have Seen, Is To Deny The Economic Basis Of Social Class. After All, You Can Hardly Deride Liberals As Society's "elite" Or Present The Gop As The Party Of The Common Man If You Acknowledge The Existence Of The Corporate World - The Power That Creates The Nation's Real Elite, That Dominates Its Real Class System, And That Wields The Republican Party As Its Personal Political Sidearm.

A Lot Of Populists After Populism Died Just Became Socialists. At The Beginning Of The 20th Century, Socialism Looked Like It Was Going To Take Off. It Didn't, Of Course, But A Lot Of People Thought It Was Going To.

Bad Government Is The Natural Product Of Rule By Those Who Believe Government Is Bad.

Media Bias Has Been A Favorite Theme Of The Right For Decades, Of Course.

As You May Recall, Truman Was Extremely Unpopular When He Finally Left Washington In 1953, Thanks Largely To The Korean War. Today, However, He Is Thought To Have Been A Solidly Good President, A 'near Great' Even, In The Terminology Of Those Surveys Of Historians They Do Every Now And Then.

Above All Else Stands The Burning Question Of Bipartisanship. Whatever Else The Politicians Might Say They're About, Our News Analysts Know That This Is The True Object Of The Nation's Desire, The Topic To Which Those Slippery Presidential Spokesmen Need Always To Be Dragged Back.

Vote To Stand Tall Against Terrorists ; Receive Social Security Privatization . Vote To Strike A Blow Against Elitism; Receive A Social Order In Which Wealth Is More Concentrated Than Ever Before In Our Lifetimes , In Which Workers Have Been Stripped Of Power And Ceos Are Rewarded In A Manner Beyond Imagining.

One Of The Things I Keep Coming Back To In My Writing Is That Society Doesn't Work On This Mirror Principle - You Don't Have An Exact Replica On The Left Of What You Have On The Right. It Just Doesn't Work That Way.

As You Watch The World Crumble, Try Taking Your Armageddon With This Sprinkling Of Irony: Over The Last Three Decades, Business Has Got Virtually Everything It Wanted, And Its Doomsday Scenario From The 1970s Has Come True Because Of It.

These Days, Of Course, The Focus Of Talk About Popular Liberation Through Products Is Mostly Associated With The Internet. I've Been Collecting Computer Ads And Ads Dealing With Internet Industries.

Financial Regulation Is The Next Item On The Political Horizon, And It Doesn't Have To Be The Deathly Dull Wonk-battle That It Sounds Like. In Fact, If The Democrats Do Their Job, It Can Just As Easily Become A Platform For Addressing The Greatest Issues Of Them All.

There Is Much To Dislike About President Obama's Approach To The Financial Crisis. But Opposition, It Seems, Will Have To Come From Somewhere Other Than Conservatism. The Party Out Of Power Is Also A Party Out Of Touch.

The Great Fear That Hung Over The Business Community In The 1970s Was Death By Regulation, And The Great Goal Of The Conservative Movement, As It Rose To Triumph In The 1980s, Was To Remove That Threat - To Keep Osha, The Epa, And The Ftc From Choking Off Entrepreneurship With Their Infernal Meddling In The Marketplace.

Governing Was Always Difficult For Conservatives, But As They Return To The Opposition, They Are Rediscovering Their Skill At Blame Evasion.

Privatizing Bits Of The Prison Industry Was A Step In The Right Direction, But What We Didn't Have - Until Recently - Were Proper Instruments For Incentivizing The Judiciary. That's What The 'kids For Cash' Judges Were Apparently Experimenting With.

The Revival Of The Right Is As Extraordinary As It Would Be If The Public Had Demanded Dozens Of New Nuclear Plants In The Days After The Three Mile Island Disaster; If We Had Reacted To Watergate By Making Richard Nixon A National Hero.

Conservatism Is Not A Doctrine Of Contentment. Not A Doctrine For The Satisfied And The Smug. It's A Politics That's At War With The World.

There Is No Higher Claim To Journalistic Integrity Than Going To Jail To Protect A Source.

Acknowledging Class Was Always Difficult For 'new Democrats' - It Was Second-wave, It Was Divisive - But 2008 Made Retro Politics Cool Again.

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Whereas Liberals Are Thought To Erupt Self-righteously Whenever They Feel Like It, Conservatives Believe That They Themselves Are Never Permitted To Say What They Really Think.

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Liberal That I Am, I Support Health-care Reform On Its Merits Alone. My Liberal Blood Boils, For Example, When I Read That Half Of The Personal Bankruptcies In This Country Are Brought On, In Part, By Medical Expenses.

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Vibrancy Is So Universally Desirable, So Totemic In Its Powers, That Even Though We Aren't Sure What The Word Means, We Know The Quality It Designates Must Be Cultivated. The Vibrant, We Believe, Is What Makes Certain Cities Flourish.

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During The Financial Crisis And Bailouts Of 2008, It Probably Occurred To Very Few Average People That We Were Entering A Period Of Hardship For Billionaires.

Is Wall Street The Rightful Master Of Our Economic Fate? Or Should We Choose A Broader Form Of Sovereignty?

There Are Few Things In Politics More Annoying Than The Right's Utter Conviction That It Owns The Patent On The Word 'freedom' That When Its Leaders Stand Up For The Rights Of Banks To Be Unregulated Or Capital Gains To Be Untaxed, That It Is Actually And Obviously Standing Up For Human Liberty, The Noblest Cause Of Them All.

We Are Watching Industries Crumble, Wall Street Firms Disappear, Unemployment Spike, And Unprecedented Government Intervention. And Our Designated Opinion Leaders Want To Know: Is Obama Up This Week? Is He Down? And Is His Leadership Style More Like Bill Clinton's, Or Abraham Lincoln's?

Opinion Leaders

Presidential Legacies Are Valuable Things, Too Valuable To Be Left Up To Historians.

Apparently, There Is No Bad Economic Turn A Conservative Cannot Do Unto His Buddy In The Working Class, As Long As Cultural Solidarity Has Been Cemented Over A Beer.

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Our Laws Governing Lobbying And Campaign Contributions Have Struck The Right Balance Between The Wishes Of The People And Those Of Private Industry, So Why Are We So Quick To Doubt That The Same Great Results Can Be Achieved By Putting The Government's Justice-dealing Branch On The Same Market-based Course?

They, The Conservatives, Are The Real Outsides, They Tell Us, Gazing With Disgust Upon The Ludicrous Manners Of The High And Mighty. Or, They Tell Us, They Are Rough-and-ready Proles, Laughing Along With Us At The Efforts Of Our Social "betters" To Reform And Improve Us. That They Are Often, In Fact, People Of Privilege Doing Their Utmost To Boost The Fortunes Of A Political Party That Is The Traditional Tool Of The Privileged Is A Contradiction That Does Not Trouble Them.

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This Aesthetic Quality, Then, Is What Politics Is All About. It's Authenticity That Separates Winners From Losers, Good Politics From Bad, And He-man Leader-types From Consultant-directed Puppet-boys.

There Is Something Uniquely Depressing About The Fact That The National Portrait Gallery’s Version Of The Barack Obama “hope” Poster Previously Belonged To A Pair Of Lobbyists. Depressing Because Mr. Obama’s Washington Was Not Supposed To Be The Lobbyists’ Washington, The Place We Learned To Despise During The Last Administration.

Just As The Financial Crisis Has Created Toxic Assets And 'zombie' Financial Institutions, So Has It Transformed Conservatism Into A Movement Of The Living Dead.

For-profit Higher Education Is Today A Booming Industry, Feeding On The Student Loans Handed Out To The Desperate.

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Under The Administration Of George W. Bush, You Will Recall, Federal Spending Grew Pretty Significantly. At The Same Time, The Number Of People Directly Employed By The Federal Government Shrank. One Of The Factors That Explained The Difference Was Contracting.

Conservatives May Believe That Impoverished Borrowers Destroyed Wall Street. But We Liberals Will Not Fool Ourselves That Stupid Bankers Sank Conservatism For Good.

Promises To Get Beyond Partisanship Are The Most Perfunctory Sort Of Campaign Rhetoric, Almost As Empty As The Partisanship Itself.

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Journalism Has A Special, Hallowed Place For Stories Of Its Practitioners' Persecution.

I Was In A Bad Mood When I Wrote That.

Corruption Is Uniquely Reprehensible In A Democracy Because It Violates The System's First Principle, Which We All Learned Back In The Sunshiny Days Of Elementary School: That The Government Exist To Serve The Public, Not Particular Companies Or Individuals Or Even Elected Officials.

We Have Become A Society That Can't Self-correct, That Can't Address Its Obvious Problems, That Can't Pull Out Of Its Nosedive. And So To Our List Of Disasters Let Us Add This Fourth Entry: We Have Entered An Age Of Folly That - For All Our Facebooking And The Twittling Tweedle-dee-tweets Of The Twitterati - We Can't Wake Up From.

Every City Is Either Vibrant These Days Or Is Working On A Plan To Attain Vibrancy Soon. The Reason Is Simple: A City Isn't Successful - Isn't Even A City, Really - Unless It Can Lay Claim To Being 'vibrant.'

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