Sponsorship and Biases: Musing on The Crack Game and Investment Banking


The crack game, in it’s essence, is pure capitalism.

Profit, over people, at all costs.
Eliminate enemies at all costs.

Take out the dominant political regime or competition at all costs.

Endless accumulation of property and capital, at all costs.

Domination through coercion, violence and if necessary legal
means
at all costs.

People, human beings, babies, addicts and quite simply,
the human toll, are all irrelevant.

This evening I was reading a piece on the Newsweek site
titled, The Fatal Flaw of Obamacare. By the bottom of the first
page, I decided to Google the author because the derisiveness of
his tone suggested that he was getting conservative think tank money.
I found out he that he was a writer, and in fact conservative cat, who
is down with the National Review.

I was half right. It also became clear that his money is tied up with
his
agenda.
To be fair, there are left think tanks and “liberal” writers at Newsweek
who are pushing their own agendas.

My issue is with the lack of disclosure. The asymmetry of information
pisses me off, and when I sniff
it out, I stay on it until my point is made.

The asymmetry tends to work in favor of he person who has more info.
Which
brings me to Twitter. A few weeks ago, I learned that Oprah,
Puffy, Shaq and arguably
others receive Twitter stock shares, in
exchange for tweeting.

That’s cool, but there was something that struck me about the fact that
this simply
was never mentioned, in all of the articles in the mainstream press
about the popularity of the site.
It became clear to me that everything is
for sale. (I know. Naive bear. Hang in there with me for
90 seconds. I will
explain.)

I hadn’t really thought about the notion of everything being for sale
as a strict truth
since 1986, which is the year that the pure capitalism
of the crack game seeped into the streets
corners and blocks of
East Oakland.

With the notion of everything being for sale, this afternoon I tweeted
that when you seperate your money
from your art you are free.

This is material because I was once neutral regarding corporations.

There was a time when I thought that if I learned how corporations worked,
I could work for one, make my money, get in and get out. Never being one
short on ambition, I wanted to work at Merrill or Goldman Sachs. I
began
to leverage my relationships, to the extent that I could try and
obtain
such a position. I reached out to the men that I knew who worked
in the field and asked them to help me.

With this experience in the back of my mind, I read Matt Taibbi’s piece on
Goldman Sachs. In many ways it represents the convergence of art,
sponsorship and the essence of the crack game as pure capitalism.

Taibbi writes like he is independent. The piece reminded me of
Gary Webb.

Moreover, he has done, what very few people have done, which
is criticize politicians, investment banking and implicitly,
capitalism in the mainstream press which in this case is Rolling Stone
Magazine. What is material is that the story was NOT buried on arrival.

In the article, The Great American Bubble Machine, Taibbi writes,

The first thing you need to know about Goldman Sachs is that it’s everywhere. The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money. In fact, the history of the recent financial crisis, which doubles as a history of the rapid decline and fall of the suddenly swindled dry American empire, reads like a Who’s Who of Goldman Sachs graduates.

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What is interesting about the piece is both his passion, nerve and
the fact that he isn’t a finance reporter, per se.

Furthermore, the article, gives me hope for the day in which
Black writers will themselves to write with similar fierceness,
criticism and vision.

On Alternet, Dean Starkman talks about the ways in which Taibbi’s
piece
works, doesn’t work, and its merits as an article as a whole.
For the most
part the mainstream press has dismissed it, yet and
still folks are talking
about the company, Wall Street and whether
his assertions in the article are in fact true. They can’t rebut his arguement,
they are just opting to not take it seriously because he called Goldman a
“great vampire squid wrapped around the face of humanity, relentlessly
jamming its blood funnel into anything that smells like money.” Say word?

Ezra Klein offers a great sum up, of Starkman’s piece when he writes,

writing that “the weakness of the piece is where others might find strength, its polemical nature and its hyperbole.” In particular, he says that “when you call Goldman a ‘great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money,’ you?re in a sense offering a big fat disclaimer?this piece is not to be taken literally and perhaps not even seriously.”

I am thinking about Goldman, I am thinking about Democracy
and I am thinking about the Crack game.

To create another future, one of the contradictions that many of us
who came up in the 80’s will have to face, is the conflict that arises when
we are faced with choosing money over people.

Take the d-boy for instance. I am mindful of our willingness to love or
respecting a dope dealer who sends children in the hood to college.
Yes, the d-boy sent the children to school, but the d-boy
still sold crack,
that has to recognized and accounted for as well. Let me be clear.

I understand that cats in the hood didn’t fly cocaine, Tech-9’s nor AK’s
into the hood. I get
that. And that isn’t the issue at hand. I am
more interested
in who and what we respect and why.

I once thought that I could work at an investment bank, stack a little
cheese, pay off some school debt and move on.

I now realize that this is like saying, I will just sell crack for a few years,
make my money, and get out. It doesn’t work. I have known since I was
ten that how an adult makes their money
influences what they say and
how you say it.

When I saw, one, two and then three women be murdered
because they were either addicted to drugs or were dating drug dealers
and subsequently
murdered in double homicides, it became clear to
me then that the notion of who I hung around with and or how I got money
DID and WOULD
have an impact on my life.

As an artist, today, I realize as a person who operates in that murky
space of not being a journalist, of writing and soon to be, as a
lecturer
and teacher, deciding to not marry my art to my income is a
scary, loaded
and freeing act.

As a Black woman, I am particularly attuned to, and have a criticism
for human beings and corporations who make their mortgages
trafficking in the disparity of Black women, Black men and Black
children.

We see what Black people, who have been given a little bit money,
some job titles, but no real power have done. They have pursued their
individual
gain at the expense of pursuing our collective advancement.

My preference is for the children to learn from these Black folks and
to do something different. What that something is, I am not sure.

Throwing folks under a bus for investment banking money or crack
money isn’t sustainable, just, nor Democratic.

I believe, today, that to be effective, our new pursuit must be along the lines for
pursuing the collective good over the individual gain. Perhaps we
can discover what that looks
like together.

Lets Discuss.

Health Care’s Perfect Storm Brewing

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Frank Rich wrote about President Obama, and the battle
over health care here.

The most insightful comments that I saw was this one:

Diana
New York
August 9th, 2009
8:50 am

There?s a perfect storm brewing: a government that (but for a few ethical souls) only advances the interests of the monied class; a monied class that owns the media; and a media that exploits and advances the fears of millions–millions who are angry and growing desperate over an economy that is short on jobs and big on rewarding the monied class.

Where?s the way out? I’ve always taken pride in being a conscientious, informed citizen, but the last few months have forced me to finally face the fact that our government is beyond repair, beyond redemption. If I had money and a job to go to, I would leave.

This commenter was interesting, in that it became clear to
me how some of us are beginning to analyze what was promised
and what has occurred.

The surefire way to ensure that you have learned
something, is to try and teach it to someone.

Where is the website showing, in a ten point plan, what the
healthcare
plan is and is not?

We can not list or teach, what we do not know.

The following comment resonated with me because of
the honesty but also the willingness to still expect politicians
to solve our problems, when it has been made clear that
there is no apparent incentive to do so.

Anya
NC
August 9th, 2009
8:50 am

Until there is universal health care, everyone is set up for failure. If you get sick or even just become one of the millions of people in a car accident, you can lose your finances. Assuming you have good insurance, they can decide to ditch you after they say they won’t pay for an illness.

Say your neighbor has melanoma. Well this neighbor’s insurance will only cover $10k of the cost of treatment, but that treatment can be five to ten times the maximum the insurance company will pay. The hospital wants their money, so you are on the hook for it. What are you going to do? Refuse treatment? But the doctors want to save your life! The insurance company wants to destroy it.

No matter what Suzie Orman says, you can’t prepare yourself for $100,000 in medical bills. The median income for a family of four is around $40000 per year! We expect people to have three years gross salary saved in case they get sick?

That also assumes that once you get so sick, you’ll be able to continue working. Now if you’re on chemo, it’s a lot harder to sit at a desk and answer the phone. It’s even harder if you have a job in a service sector where it is vital that employees stay whole and healthy. You can’t get hours if you’re too sick to stand for eight hours a day. If you can’t get hours, then you’ll have no income. If you have no income, how are you supposed to pay for medical care in addition to the expenses we all have like rent/mortgage, car payment, utilities for the home, and food?

We, the members of the middle class (or what’s left of it), have all been set up. I wish there were a politician out there who would admit it and fix it. However, he or she would face such opposition from much mightier forces than voters that they’d probably never make it to an office of any consequence. It’s why change is easy to promise: we all want a change. It’s probably going to be impossible to deliver a true change. I voted for Obama because I didn’t want to see someone like John McCain who put women’s health in air quotation marks running the country and making decisions that would affect my life.

I’m in my 20s and I don’t have health insurance. I may get some when I go to grad school in a few weeks. I may even be able to get my teeth cleaned after two years of not seeing a dentist. Why have we been abandoned in the last 40 years by our government, and why did people buy Reagan’s nonsense that the government was the problem? My generation is going to be paying for all of it. We’re going to have to work longer, harder, and for less. What we’ve sacrificed is our standard of living to lobbyists.

It’s enough to make me want to move to another country, and I’m lucky enough to speak Spanish. I have my pick of about 25 places to go! I could probably get my teeth cleaned in Cuba for free!

I wish there were a politician out there who would admit it and fix it.
I wish there were a politician out there who would admit it and fix it.
I wish there were a politician out there who would admit it and fix it.

Our coming new way of life will demand that we understand
that it will be our responsibility to solve our own problems.

Thoughts?