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Sunday, October 25, 2015

Richard Wolff: Why Oil & Gas Prices Are Dropping (and why it's not good).

Why low oil prices are enriching the 1%:

Monday, October 19, 2015

Tim Dickinson Explains How the Freedom Caucus Torpedoed Congress and The GOP

Sunday, October 18, 2015

Jeb Bush's Total Meltdown on 9/11 and Benghazi

Ouch...  Talk about awkward...

Wednesday, October 14, 2015

Richard Wolff Global Capitalism Update: September

This is a great economist/author.  He does a monthly update on global capitalism every month that Liberal in Kentucky is going to post from now on.  Here's the one from September:

Sunday, October 11, 2015

Richard Wolff: Are We Beyond Slavery in Our Current State of Affairs?

Richard Wolff - "What is Socialism?"

Tuesday, October 6, 2015

Matt Bevin: Drug Test Old People Before Giving Them Benefits

No need to say anything else.  Just watch:

Sunday, October 4, 2015

SNL Abilify: A Much Needed Medicine for Some Who Think They Can Win the Presidency


Sen. Elizabeth Warren on State of the Union: Full Interview

A Quote Worth Reading on The American Empire:

"One of the most pressing questions for citizens of the United States certainly involves the question of what policies will truly protect and advance our national interest. But to answer this question, it is crucial that we be able to define clear precisely what is meant by this “national interest.” As we seek to answer this question, we would do well to remind ourselves that 1% of the families in our country control 40% of our country’s wealth, that the next 19% own another 40% of the wealth, and that those of us in the “bottom” 80% of our nation’s families are left with only 20% of the wealth. We should be clear that those who shape U.S. foreign policy are those from the wealthiest 20% of the population, and what is in their interest is not necessarily what is in our interest." -Prof Paul Le Blanc

"One of the most pressing questions for citizens of the United States certainly involves the question of what policies...
Posted by Liberal In Kentucky on Friday, April 5, 2013

Sam Kinison on World Hunger

This was pretty funny...

ISIS Member Spotted in Downtown Lexington?

On a Plate a Short Story on Privilege

Thank American Taxpayers for Your Smart Phone, Not Bill Gates or Steve Jobs

Described by the business community during the Cold War as "a magic formula for almost endless good times." it was the defense and university funding that developed computers and code.  The truth is the birth of the Middle Class, and the IT revolution of today was almost entirely funded by the taxpayers.

"The federal government has played a critical role in supporting the research that underlies computer-based products and services. From less than $10 million in 1960, federal funding for research in computer science climbed to almost $1 billion in 1995. Federal expenditures on research in electrical engineering (which includes semiconductor and communications technologies—necessary underpinnings for computing) have fluctuated between $800 million and $1 billion since the 1970s. Such funding has constituted a significant fraction of all research funds in the computers" -Funding a Revolution: Government Support for Computing Research

Truman's Air Force Secretary said that government subsidies were't the right word.  "Security" was when it came to government funds developing new technologies and new products.  It's far easier to sell the subsidization of the wealthiest and corporate class if it's seen necessary to the security of the public.

"The NSF ended up funding the bulk of theoretical work in the field (by 1980 it had supported nearly 400 projects in computational theory), much of it with great success. Although funding for theoretical computer science has declined as a percentage of the NSF budget for computing research (it constituted 7 percent of the budget in 1996, down from 20 percent in 1973), it has grown slightly in real dollars.1 Mission-oriented agencies, such as the National Aeronautics and Space Administration or the Defense Advanced Research Projects Agency, tend not to fund theoretical work directly because of their emphasis on advancing computing technology, but some advances in theory were made as part of their larger research agendas." -National Academia Press

The federal government (taxpayers) has paid the tab for the last 65+ years of technological innovation - simple because quarterly capitalism can't convince temperamental shareholders that maximum return on quarterly returns aren't necessarily beneficial to the overall society.  Those in the business community know this, and shift the costs of R&D under the umbrella of defense spending.

Take the incredible apparent example of infrastructure spending with fiber optic cable - an infrastructure we know benefits communities but shortchanges investors:

"Karl Bode, an ISP industry watcher and author of a the blog DSL Reports, believes Verizon has had a change of heart. “I think ex-Verizon CEO Ivan Seidenberg was very bullish on fiber,” he says. “But after retirement, he was replaced by executives who wanted to focus more heavily on wireless, given the lower cost of deployment and the absolute killing that can be made charging users a significant amount per gigabyte.”

But he also blames the money men. “Investors in this country are simply too myopic to wait the required length of time to see adequate returns,” Bode says. “These services are certainly profitable, they’re just not profitable enough quickly enough for short-sighted investors.” -Wired

And it's no secret that companies want to stifle innovation and cheaper prices - they advertise this fact:

Kentucky had to bond the installation of fiber infrastructure out - putting the taxpayers entirely on the line for losses for example.  It's the first of it's kind across the county - and it should result in remarkable results for Kentucky - but private investors didn't fund it.

This post isn't so much to hail the system we have of State-Capitalism, but to dispute the idea of the efficiency of markets and wonders of the market.  It's as much of an illusion as the idea of the Confederacy was in 1864.  It was a Confederacy of the mind only.  The reality of both was and is much different.

Almost all of the technical innovations in IT/computer science, aerospace, biology, medicine and genetics have come out of the state sector - provided by tax payer money.  Quarterly dictated investors are just too short sighted.