Louis Proyect: The Unrepentant Marxist

November 29, 2011

Chris Hedges speaks at Harvard on OWS

Filed under: Occupy Wall Street — louisproyect @ 4:05 pm

 

(for part 2: http://www.youtube.com/watch?v=ugU6ELwbi_o)
(for part 3: http://www.youtube.com/watch?v=SKSUfCG7ax4)

7 Comments »

  1. We must learn how to free ourselves.

    No one is going to do it for us.

    I think that the Occupy movement is aiming us in the right direction toward this achievement.

    Comment by Deborah Jeffries — November 30, 2011 @ 1:43 am

  2. I think he confused the ozone layer disintegration with global warming @ 5:20.

    Comment by Eugene — November 30, 2011 @ 6:01 am

  3. To complement these Hedges videos, listen to this Keiser Report on the toxic entwining of the Banksters (who are insolvent but want “unlimited” public bailouts with which to give themselves bonuses and build up big hoards of cash so as to keep gambling, instead of spreading capital throughout the economy, stimulating it and creating jobs — the economic purpose of commercial banks), the US Congress (which wants to spend more than available revenue), and the Federal Reserve (which is interested in enabling both pathologies to the tune of $7.77T !!! “lent” to banks in secret before TARP). The value and failings of OWS are commented on by guest Dennigner near the end of the program.

    At the beginning of the program, Keiser and Herbert are discussing the latest financial scandal, of an investment firm (headed by a former New Jersey governor) that stole customer money. Brokers are not supposed to dip into customer accounts to make up their own gambling losses (especially when near $1B). This only works as comedy when done by W. C. Fields, in the depression era film “The Bank Dick.” (The same title for a movie about banks today would convey a different connotation, which Fields probably intended surreptitiously.)

    These financial commentators would like to see OWS take a more specific focus on financial industry reform, which would include reform of federal fiscal policies; and we know this concern would necessarily have to expand to include some concern/reform of campaign finance reform a.k.a. corruption of congress.

    Chris Hedges, like Bill Moyers his elder contemporary, came out of divinity school and passed through journalism, so in his (their) third chapter of life they preach to a large secular congregation through the airwaves, and their sermons are based on moral principles. This is not a criticism:

    “It is the gap between the inherently ethical nature of public decision-making and the utilitarian quality of contemporary public debate that accounts for the lack of trust felt towards politics and politicians…humans need a language in which to express their moral instincts.” — Tony Judt

    The ideal follow-on political movement to OWS would combine the energy of moral outrage with a utilitarian specificity on financial reform (e.g., financial market taxes, banking reform, consumer & student debt relief, much more legal prosecution of fraud related to the 2008 financial collapse), similar to the reform movement represented by the Pecora Commission in 1932-1934. (My initial comments along these lines appeared here in the UM at: https://louisproyect.wordpress.com/2011/10/05/the-people-cry-out-against-the-new-great-depression/)

    So from Hedges I see the message to OWS being “get mad as hell.” From Keiser and company I see the message to OWS being “now that you’re good and hot, focus your fire into a laser beam to burn through the stranglehold of bankster fraud.”

    See Episode 217 here (mislabeled direct link):
    http://rt.com/programs/keiser-report/episode-216-max-keiser/

    or

    E217 at:
    http://rt.com/programs/keiser-report/

    Enjoy.

    Comment by manuelgarciajr — December 2, 2011 @ 5:21 am

  4. […] Thanks to Louis Proyect for posting these video links at: https://louisproyect.wordpress.com/2011/11/29/chris-hedges-speaks-at-harvard-on-ows/ […]

    Pingback by The 50% US GDP Heist, OWS and GIABO | manuelgarciajr — December 2, 2011 @ 7:20 am

  5. Thanks to Louis Proyect for posting these video links at: https://louisproyect.wordpress.com/2011/11/29/chris-hedges-speaks-at-harvard-on-ows/

    To complement these Hedges videos, listen to this Keiser Report (below) on the toxic entwining of the Banksters (who are insolvent but want “unlimited” public bailouts with which to give themselves bonuses and build up big hoards of cash so as to keep gambling, instead of spreading capital throughout the economy, stimulating it and creating jobs — the economic purpose of commercial banks), the US Congress (which wants to spend more than available revenue), and the Federal Reserve (which is interested in enabling both pathologies to the tune of $7.77T !!! “lent” to banks in secret before TARP). The value and failings of OWS are commented on by guest Denninger near the end of the program.

    At the beginning of the program, Keiser and Herbert are discussing the latest financial scandal, of an investment firm (headed by a former New Jersey governor) that stole customer money. Brokers are not supposed to dip into customer accounts to make up their own gambling losses (especially when near $1B). This only works as comedy when done by W. C. Fields, in the Great Depression era film “The Bank Dick.” (The same title for a movie about banks today would convey a different connotation, which Fields probably intended surreptitiously.)

    These financial commentators would like to see OWS take a more specific focus onto financial industry reform, which would include reform of federal fiscal policies; and we know this concern would necessarily have to expand to include some concern/reform of campaign financing, a.k.a. corruption of Congress.

    Chris Hedges, like Bill Moyers his elder contemporary, came out of divinity school and passed through journalism, so in his (their) third chapter of life they preach to a large secular congregation through the airwaves, and their sermons are based on moral principles. This is not a criticism:

    “It is the gap between the inherently ethical nature of public decision-making and the utilitarian quality of contemporary public debate that accounts for the lack of trust felt towards politics and politicians…humans need a language in which to express their moral instincts.” — Tony Judt

    The ideal follow-on political movement to OWS would combine the energy of moral outrage with a utilitarian specificity on financial reform (e.g., financial market taxes, banking reform, consumer & student debt relief, much more legal prosecution of fraud related to the 2008 financial collapse), similar to the reform movement represented by the Pecora Commission in 1932-1934. (My initial comments along these lines appeared in the UM blog at: https://louisproyect.wordpress.com/2011/10/05/the-people-cry-out-against-the-new-great-depression/)

    So from Hedges I see the message to OWS being “get mad as hell.” From Keiser and company I see the message to OWS being “now that you’re good and hot, focus your fire into a laser beam to burn through the stranglehold of bankster fraud.”

    See Episode 217 here (mislabeled direct link):
    http://rt.com/programs/keiser-report/episode-216-max-keiser/

    or

    E217 at:
    http://rt.com/programs/keiser-report/

    Enjoy.

    Comment by manuelgarciajr — December 2, 2011 @ 7:52 am

  6. Sorry Louis, too many buttons to push staring at me all at once.

    Comment by manuelgarciajr — December 2, 2011 @ 7:54 am

  7. One word sums this all up CORRUPTION.

    It’s not just for the mob.

    Comment by Deborah Jeffries — December 2, 2011 @ 4:41 pm


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