{"id":649,"date":"2008-10-05T14:48:11","date_gmt":"2008-10-05T18:48:11","guid":{"rendered":"http:\/\/blogs.law.harvard.edu\/fensterm\/?p=649"},"modified":"2008-10-05T16:34:20","modified_gmt":"2008-10-05T20:34:20","slug":"dung-deal-deja-vu-all-over-again","status":"publish","type":"post","link":"https:\/\/archive.blogs.harvard.edu\/fensterm\/2008\/10\/05\/dung-deal-deja-vu-all-over-again\/","title":{"rendered":"Dung Deal: D\u00e9j\u00e0 Vu All Over Again*"},"content":{"rendered":"<p><a href=\"http:\/\/www.youtube.com\/watch?v=bCgpRV9ROQE\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-650\" src=\"http:\/\/blogs.law.harvard.edu\/fensterm\/files\/2008\/10\/bail-300x255.jpg\" alt=\"David Harvey on the mortgage bailout.\" width=\"300\" height=\"255\" \/><\/a><\/p>\n<p>This video features <a href=\"http:\/\/en.wikipedia.org\/wiki\/David_Harvey_(social_theorist)\" target=\"_blank\">David Harvey<\/a>, the Distinguished Professor Anthropology<sup>1<\/sup>, at my alma mater &#8211; City University of New York.<\/p>\n<p><a href=\"http:\/\/blogs.law.harvard.edu\/fensterm\/files\/2008\/10\/harvey.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-651\" src=\"http:\/\/blogs.law.harvard.edu\/fensterm\/files\/2008\/10\/harvey-300x202.jpg\" alt=\"David Harvey on the Bailout\" width=\"300\" height=\"202\" \/><\/a><\/p>\n<p>I wish I had met him.<sup>2<\/sup> His <a href=\"http:\/\/chiasmos.uchicago.edu\/events\/harvey.shtml\" target=\"_blank\">A Brief History of Neoliberalism<\/a> [University of Chicago Center for International Studies Beyond the Headlines Series. October 26, 2005. <a href=\"http:\/\/chiasmos.uchicago.edu\/media\/david_harvey.mp3\" target=\"_blank\">Audio<\/a> ] includes the <a href=\"http:\/\/www.propublica.org\/special\/government-bailouts\" target=\"_blank\">financial takeover of New York City after the bankruptcy of New York City in 1975<\/a>.<sup>3,4<\/sup><\/p>\n<p>So I was part of all this.  I knew vaguely what was happening to me, but the clarity of Harvey probably would have helped. I remembered <a href=\"http:\/\/www.propublica.org\/special\/bailout-aftermaths#penncentral\" target=\"_blank\">the Penn Central bailout<\/a>. The most obvious affront to labor was yet to come in 1980. Republican President Richard Nixon authorized $1.5 Billion in loan guarantees to a deeply ailing Chrysler Coporation under <a href=\"http:\/\/en.wikipedia.org\/wiki\/Lee_Iaccocoa\" target=\"_blank\">CEO Lee Iacocca<\/a>. Among the justifications was saving American jobs. Iacocca took the &#8216;fresh capital&#8217; and bought Japanese manufactured robots that &#8216;controlled labor cost&#8217; i.e. put American autoworkers out of work.<\/p>\n<p>*&#8221;Dung Deal&#8221; I stole from <a href=\"http:\/\/www.youtube.com\/user\/freddysbklynrndhouse\" target=\"_blank\">Freddy&#8217;s Brooklyn Roundhouse<\/a>. &#8220;Deja Vu All Over Again&#8221; is legendary New York Yankee catcher and later manager, <a href=\"http:\/\/en.wikipedia.org\/wiki\/Yogi_Berra\" target=\"_blank\">Yogi Berra<\/a>.<\/p>\n<p>There is a lot of commentary on left that this bailout is bad. There is also significant commentary from the\u00a0 right that it is bad. I suspect they differ in what they think should be done. Missing from what I have seen so far, is how this bailout will hurt an effective response to the largest single cause of increasing human misery &#8211; global climate change. Same cause as class war, but is the &#8220;solution&#8221; timely?<\/p>\n<p><sup>1<\/sup> Professor of Anthropology Maple Raza who, among other things was the vidoeographer during the Spring 2001 occupation of Harvard&#8217;s Massachusetts Hall, notes with considerable pride that the Anthropology Department was the most progressive of the faculty. I believe him. Anthropologists have the notion that people were earning a living throughout the world as opposed to just England and that they&#8217;ve been doing it for a very long time as opposed to waiting until the 18th century. More recently one Harvard Anthropologist [i.o.u. a link] noticed that subsistence economies are by definition sustainable.<\/p>\n<p><sup>2<\/sup>Once again, I am indebted to Adaner Usmani for acquainting me with David Harvey.<\/p>\n<p><sup>3<\/sup> I was a graduate student then. There was, as you might expect, a great deal of anxiety associated with this event.<\/p>\n<p><sup>4<\/sup>For those interested in Latin America, he makes significant mention of the effect of the &#8220;Chicago Boys&#8221; on Pinochet&#8217;s Chile. His account agrees remarkably well with that in Naomi Klein&#8217;s <a href=\"http:\/\/www.naomiklein.org\/shock-doctrine\/the-book\" target=\"_blank\">The Shock Doctrine: The Rise of Disaster Capitalism<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This video features David Harvey, the Distinguished Professor Anthropology1, at my alma mater &#8211; City University of New York. I wish I had met him.2 His A Brief History of Neoliberalism [University of Chicago Center for International Studies Beyond the Headlines Series. October 26, 2005. Audio ] includes the financial takeover of New York City [&hellip;]<\/p>\n","protected":false},"author":168,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1058],"tags":[],"class_list":["post-649","post","type-post","status-publish","format-standard","hentry","category-the-dismal-excuse-for-a-science"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/archive.blogs.harvard.edu\/fensterm\/wp-json\/wp\/v2\/posts\/649","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/archive.blogs.harvard.edu\/fensterm\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/archive.blogs.harvard.edu\/fensterm\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/fensterm\/wp-json\/wp\/v2\/users\/168"}],"replies":[{"embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/fensterm\/wp-json\/wp\/v2\/comments?post=649"}],"version-history":[{"count":0,"href":"https:\/\/archive.blogs.harvard.edu\/fensterm\/wp-json\/wp\/v2\/posts\/649\/revisions"}],"wp:attachment":[{"href":"https:\/\/archive.blogs.harvard.edu\/fensterm\/wp-json\/wp\/v2\/media?parent=649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/fensterm\/wp-json\/wp\/v2\/categories?post=649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/fensterm\/wp-json\/wp\/v2\/tags?post=649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}