Soothsaying Members of Congress
When you win a seat in Congress, it bestows you with the magical power to see the future, enabling you to beat the S&P 500. Report by Whales.com:
When you win a seat in Congress, it bestows you with the magical power to see the future, enabling you to beat the S&P 500. Report by Whales.com:
Geoffrey Miller describes what most of our legislators do. He left off one important thing: 80% of their job is to get re-elected by soliciting big money from powerful companies and individuals who expect a quid pro quo.
I don't know whether Sirota's numbers are accurate, but I agree with his sentiment. Sirota often writes about these issues and the too-cozy relationship between lawmakers and their donors.
Matt Taibbi discusses the "meritocracy," reviewing Michael Sandel's new book, "The Tyranny of Merit." He describes the divide between the those with and without college degrees as stark. He describes this entire topic as unsettling for everyone along the political spectrum. An excerpt from his article, which is titled "Does America Hate the "Poorly Educated"? Michael Sandel's "The Tyranny of Merit" doesn't say so, but the pandemic has become the ultimate expression of upper-class America's obsession with meritocracy":
As Sandel notes, Trump was wired into these politics of humiliation and never invoked the word “opportunity,†which both Obama and Hillary Clinton made central, instead talking bluntly of “winners†and “losers.†(Interestingly, Bernie Sanders also stayed away from opportunity-talk, focusing on inequities of wealth). Trump understood that huge numbers of voters were tired of being told “You can make it if you try†by a generation of politicians that had not only “not governed well,†as Sandel puts it, but increasingly used public office as their own route to mega-wealth, via $400,000 speeches to banks, seats on corporate boards, or the hilariously auspicious, somehow not-illegal stock trading that launched more than one member of congress directly into the modern aristocracy.
The Tyranny of Meritocracy describes the clash of these two different visions of American society. One valorizes the concept of social mobility, congratulating the wealthy for having made it and doling out attaboys for their passion in wolfing down society’s rewards, while also claiming to make reversing gender and racial inequities a central priority. The other group sees class mobility as entirely or mostly a fiction, rages at being stuck sucking eggs in what they see as a rigged game, and has begun to disbelieve every message sent down at them from the credentialed experts above, even about things like vaccines.
The eternal squeamishness Americans feel about class will prevent this topic from getting the attention it deserves, but the insane witches’ brew of rage, mendacity, and mutual mistrust Sandel describes at the heart of American culture is no longer a back-burner problem. Tension over who deserves what part of society’s rewards, and whether higher education is a token of genuine accomplishment or an exclusive social rite, has become real hatred in short order. In the pandemic age, Americans on either side of the educational divide have moved past rooting for each other to fail. They’re all but rooting for each other to die now, and that isn’t a sentiment either side is likely to forget.
A small bit of my faith in the American political system would be restored if politicians would step up to condemn the atrocious behavior of members of their own political party. A small bit of my faith in the American media would be restored if party-affiliated news media (which is most of legacy media) would start stepping up to condemn politicians of their favorite political party. Ryan Grimm of The Intercept recently shined a laser beam on the disgusting behavior of the family of Democratic Senator Joe Manchin and his family with regard to EpiPen corruption. On Breaking Points, Krystal Ball followed suit.
Meanwhile, Democrats and Democrat-affiliated-news-media are otherwise maintaining radio silence. This is merely a recent example of the kind of thing that infests both parties of our political system. Here is Krystal Ball's summary of the problem:
Under Joe Manchin's daughter [Heather Bresch], [Pharmaceutical company] Mylan jacked up the price [of Epipens], locked in a product monopoly jacked up the price of war, and then work to eliminate single pack sales with zero medical justification, simply so they could double their revenue, all with the explicit understanding that for their customers, their lives depend on the product, so they have no choice but to suck it up and pay whatever Milan decided to charge. There are no words to describe this type of exploitative, morally bankrupt and sociopathic behavior. It fills me with pure disgust that is only amplified by the knowledge that this type of criminality underpins our entire healthcare system: Bought politicians, price fixing, price gouging monopolies, every single person involved on the take with the cost in dollars, sickness and death passed on to the most vulnerable among us. It's disgusting. So next time the media tries to tell you "Joe Manchin opposes the reconciliation package because he's just trying to represent his conservative state," do not fall for their nonsense. His motives are just the same as his daughter's: to protect corporate profits and his own personal interests above everything else. And it's so disgusting here, Sagar, because you see it all. You see the way that the politician gets his daughter the job. You see the way that he uses his position to ignore when they ship jobs overseas. You see that once she's in that place, the way that she just exploits people knowing knowing that they have no other choice and explicitly making sure that these customers have no other product that they go to. It is some of the most despicable behavior that you can imagine.