Do Black People Need Black Billionaires?

Remember the black preachers, politicians, and business people like Bob Johnson who tried to convince us Trump would be good for black people?

““Work is more precarious today than it was in the past, and in particular, black individuals are more likely to be in precarious employment scenarios with jobs that face greater wage and work-hour volatility,” Hamilton said. “Bob Johnson’s in the billionaire’s club with Donald Trump, so it’s not surprising that they align in their vision on labor.”

Johnson, who’s been friendly with Trump through the years, said he had met with Trump at his golf club in New Jersey shortly after his win when the president-elect offered Johnson a cabinet position.”

“America’s First Black Billionaire Says Trump Economy Has Been Good For African Americans” | The Washington Post | Tracy Jan | 04/07/2018

As culture warriors pro-Trump African Americans are finding it harder to make that case. Indeed, they’ve squandered what little cred we begrudgingly gave them. More spin, less fact is now the order of the day.

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The Rising Costs Of Late Life And The Falling Value Of Wisdom

It’s easy to see the retirement crisis as an economic issue of which money is the measure of well-being.

“So now, at 76, [Roberta] earns $915 a month through Social Security and through Supplemental Security Income, or SSI, a program for low-income seniors. Her rent, which she has had to cover solo since her roommate died in August, is $1,040 a month. She’s been taking on credit-card debt to cover the gap, and to pay for utilities, food, and other essentials. She often goes to a church food bank for supplies.

More and more older people are finding themselves in a similar situation as Baby Boomers reach retirement age without enough savings and as housing costs and medical expenses rise…”

“This Is What Life Without Retirement Savings Looks Like” | The Atlantic | Alana Semuels | 02/22/2018

I read it as a cultural issue about the declining value of knowledge.

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Culture War Is A Force That Gives Us Meaning

Culture War Is A Force That Gives Us Meaning

In the beginning war looks and feels like love. But unlike love it gives nothing in return but an ever-deepening dependence, like all narcotics, on the road to self-destruction. It does not affirm but places upon us greater and greater demands. It destroys the outside world until it is hard to live outside war’s grip. It takes a higher and higher dose to achieve any thrill. Finally, one ingests war only to remain numb.”

Chris Hedges, War Is a Force That Gives Us Meaning

1. Love

Culture war is the crack cocaine of American politics.

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Democrats Have Already Lost The 2020 Presidential Election

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After Trump’s win I posted this on Facebook:

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When the fake can’t overcome the real thing, its only option is to get real. However the upper echelon of the I Can’t Believe It’s Not The Republican Party has no interest in this kind of analysis. Therefore, the party has no interest in reality.

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There’s No Such Thing As The Real Economy

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Trading floors are just as real as factory floors because there’s no such thing as a “real economy.”

By this I mean that there’s no easily distinguishable difference between the “real” economy and some “other” economy that’s less real, or, not really real at all.

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The (De)X Files 07/12/16: Bitcoin = Energy, Encrypted Facebook, Son Of Bin Laden, The Italian Job, Elites In Retreat …

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The (De)X Files is my weekly aggregate of a few stories, essays, articles, an academic paper here and there, and (ugh) “think pieces” (only the awesome ones) from as wide a net as I can cast across the web. (The net is exceptionally wide, thanks to Inoreader.)

My selections are of the important, the surprising, the troubling, the enlightening, the inspiring, the amusing, the sublime, and the offending, along with some commentary, analysis, speculation, and prediction.

On tap: Bitcoin = energy; encrypted Facebook; Son of Bin Laden; the Italian job; elites in retreat …

Continue reading “The (De)X Files 07/12/16: Bitcoin = Energy, Encrypted Facebook, Son Of Bin Laden, The Italian Job, Elites In Retreat …”

Oil Age Wasteland

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RE: Why Cheap Shale Gas Will End Soon | OilPrice.com

While the grim, subsistence level material conditions in which post-apocalypse humanity survives throughout the Mad Max films are truly dystopian, humanity’s ideological conditions in these films are considerably worse.

In these movies, civilization is set back a thousand years by the very technological advances and social developments that had pushed it so far into a limitless future of perpetual growth. However, the characters in these movies are animated and propelled by ideologies that shape and are then reshaped by a dead world—as if humanity could resuscitate some semblance of the old days—instead of using the conditions of limited fossil fuels as an opportunity to build a different kind of world.

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