Report from Greece; Links on Greece

Links to good pieces on tomorrow’s Yes/No referendum in Greece:

A report about tomorrow’s referendum from our author Mike-Frank Epitropoulos (see his Greece as a Demonstration Project and A Second Demonstration Project for Greece), who is now in Greece:

On the Front Lines of Class Warfare

By Mike-Frank Epitropoulos

I am writing from the epicenter of the global class war which aims to trounce sovereignty, democracy, and all vestiges of the social state and social justice.  These are truly historic times in Greece and the world as we are living the exercise of open political economic battle that is leaving much collateral damage.

Since Greek Prime Minister, Alexis Tsipras, and his Syriza party called for a referendum on whether or not to accept further debilitating austerity and increasing, rather than decreasing debt, I have been witness to a “shock and awe” barrage of propaganda from private Greek media outlets (the worst enemies of Greece in my opinion), the opposition parties (especially those from the governments who escorted Greece to this point), and the  Troika — global capital and its neoliberal project.

The fear-mongering, confusion, and terror that has been unleashed on the Greek public and the world is overwhelming to live through.  The ‘YES’ / ‘NO’ referendum on whether or not to accept the Troika’s punitive offer that flatly rejects and disregards the platform upon which Syriza was elected in January has been reframed multiple times — by EU and European Central Bank (ECB) officials, opposition parties, private media demagogues and others.

Add to this the capital controls that were put into place as the ECB cut off cash flows to Greece — another blow from the outside — and we have a situation where multiple interpretations of a YES/NO referendum have led to a tired, confused, but yet resilient population.

It is clear that global capital, and especially European capital did (and does) not want another ‘demonstration effect’ of popular democratic will — the referendum — to take place; and if it is to take place they want Greeks to sign off on an even more savage set of austerity terms — they’ve said it openly!  The IMF has once again taken the position that Greek debt is unsustainable and the program will not work to free Greece from debt peonage.

And yet… the mantra that echoes through the mainstream, private media and the halls of Brussels and the opposition parties of Greece is this:  There Is No Alternative!  (TINA!)

This summer, here, on the island of Karpathos, long known as one of the areas of Greece with the highest repatriation of capital from its diaspora abroad, the class interests are reflected as well, with the wealthier and vested interests speaking in doomsday terms about resisting the Troika and the younger and poorer taking on a more defiant tone since they have less (or nothing) to lose.  What is clear to both camps is that there is no easy way out.

For the first time, I have also heard wealthier, and business people, use the term, “American communists” in referencing President Obama, Paul Krugman, Joseph Stiglitz, Greek diaspora from the US, and anyone from Keynesian persuasion or leftward who dares to be critical of the Euro and its project!  These people are not only apologists for the hardline neoliberal free-marketeers, but they also reject the importance of sovereignty, democracy, autonomy and self-determination.  They claim that those of us who speak of these ideals are out of touch, and that all that matters is cash.  (More than a few have asked me if I’ve heard about the end of history!)

Yet, sovereignty and power is what this demonstration project is all about.  It’s totally a political battle, and that is why I do not have faith in the European Union.

European Parliament president, Martin Schulz, said that his faith in the Greek government had hit “rock bottom” and went on to openly suggest that a technocratic government be appointed to bridge the time between Syriza resigns and new elections could be held to a new Memorandum of austerity and loans done.  This is further proof that the main goals are to prevent democratically-elected governments that do not adhere to free-market orthodoxy from taking power and now — with the referendum — to scar the notion of a tool of democracies — the referendum.  There is clear indication that they don’t want the voice of the people — anywhere — to be heard.

One high school teacher / activist said he gives Angela Merkel credit for saying she and the German government would not negotiate until after the referendum this Sunday (July 5th, 2015), interpreting her decision as some level of respect for the referendum process in Greece.  He also stressed that Greeks of all political persuasions in this referendum have been civil “opponents”, but not “enemies” — and this further highlights the premium on democracy and hearing the will of the people.

From inside Syriza, momentum and optimism characterize the climate.   They are encouraged and emboldened the more people actually debate the issues and become problematized.  This problematization is what has been lacking with previous governments and hard core capitalists.

It’s time for all freedom-loving people to support the Greek people in this class-based battle.  This is ultimately NOT simply a Greek crisis, but a global capitalist crisis and it’s not over yet!

Thursday Links: “Fix Our T,” SEC, TPP, etc.

Fix-Our-T-Petition(1) Fix “Our” T:  On my walk from Boston’s South Station to the D&S office this morning, I encountered an army of people in red “Fix Our T” t-shirts asking commuters to sign a petition to “Fix Our T.” (The “T” is Boston’s public transit systems, including a subway, buses, and commuter rail.) When I asked one of the petition-wielders what it was all about, she mumbled something about “increasing transparency and accountability.” I said that wasn’t enough information for me to sign anything, and asked if she had any handouts. (Lots of other people were just signing–people are really fed up with the T, especially after terrible service this winter in the wake of multiple blizzards!) She gave me a flyer which revealed that the petition was to “tell Beacon Hill [the state legislature] to work with Governor Baker and fix our T” and to “to adopt the responsible bipartisan reform proposed by Governor Baker.”

It turns out that the website mentioned on these people’s t-shirts, www.FixOurT.com, was put up by a group called the Coalition for a World Class public Transit System. It is made up of area chambers of commerce (the North Shore Chamber of Commerce, Metro South Chamber of Commerce, etc.), industry organizations (Massachusetts Lodging Association, Massachusetts Restaurant Association, Massachusetts Petroleum Council (!)), and free-market, pro-business lobbying organizations (the Massachusetts Business Roundtable, Massachusetts Taxpayers Foundation). The list of “solutions” to the T’s problems is mostly bland and meaningless, but key items tip their hand as anti-union (“Provide greater accountability and transparency for the T’s governance and management practices to ensure the entity is efficiently and effectively run while employing a productive workforce”) and against increased funding for the T (“Ensure that the T balances its operating budget without the need for ever-increasing state assistance each year”). So it’s pretty shady to be asking commuters to sign a petition without revealing that this is a big business group with an agenda that many commuters would disagree with.  (As my co-editor Alejandro Reuss likes to point out, nobody ever suggests that the military should “balance its operating budget without the need for ever-increasing state assistance each year” they way fiscal conservatives seem to think actual public goods like Social Security, public transit, or USPS should.)

At least the Boston Globe got it right about the petition with this story: Business Groups Lobby in Favor of Baker’s MBTA Plan. All these pro-business organizations give the lie to the claim (however technically true) on the group’s Facebook page to be a “nonprofit organization,” and also makes you wonder what they mean by “Our” T.  It reminded me of a Short Run from our April 1975 issue that we republished in our Nov/Dec 2009 35th anniversary issue:

You Make It Work (April 1975)
The Reader’s Digest editorial staff is preparing a year-long series of articles defending the U.S. economic system. The Business Roundtable, made up of top executives of 150 major corporations, is paying $1.2 million for the series, which will run under an “[advertisement]” label in each month’s Digest and will be placed in 50 college newspapers as well.
The chairman of the Business Roundtable public information committee, which will supervise the series, is Vice President Paul M. Lund of AT&T. The title of the series is surprisingly up front (emphasis added): “OUR Economic System—YOU Make It Work.”

(2) The SEC:  Rootstrikers has a new report out about how compromised the current head of the Securities and Exchange Commission is, Mary Jo White, the SEC, and the Revolving Door. It is a great follow-up to Elizabeth Warren’s June 2 letter to White criticizing her performance at the SEC, and it is a great riposte to the notion that White would be someone Wall St. wouldn’t want to “mess with.” From the executive summary:

A deeper dig into White’s career indicates that not only has White’s tenure at the SEC
been troubling, it has been a disappointment very much in keeping with her
professional track record. Her defenders are right in one very important regard: White
has in fact led the SEC exactly as one might expect she would based on her career.
White’s career serves as an emblematic example of what is problematic about the
revolving door; indeed, she is also a proponent of the revolving door in her hiring and in
her personal statements. Her position on the SEC leads to an insolvable dilemma: her
lengthy and lucrative ties to Wall Street (Section A below) lead to justifiable calls for
frequent recusal, and her frequent recusals (see Section F) lead to frequent deadlock in
the commission, preventing adequate enforcement. White’s tendency to hire people
for high ranking jobs at the SEC who are likely to avoid stringently enforcing laws
protecting society from the dangers of the insiders and large banks for whom they will
go to work for next (see Section E) is emblematic of her ideology opposing strong white
collar criminal enforcement (see Sections (C) and (D)).

Here’s something from Bloomberg Business about the report:  SEC Chair’s Conflicts Fuel Sympathy for Wall Street, Group Says.

Meanwhile, Bloomberg Business also reported (here) that the SEC could act as soon as August 5th to (finally) implement a Dodd-Frank rule “that will force public companies to publish a ratio that compares the chief executive officer’s reported pay with that of their typical worker.”

What I find hilarious about the resistance to this rule is that corporations, exhibiting that “can’t do attitude,” have been whining about how much time it would take for them to calculate the pay rate of the “average” worker (with the median pay). But the Stanford University Engineering website has a delightful piece explaining how a doctoral student there, Michael Ohlrogge, figured out a way to do it using statistical sampling:

He began to contemplate how the SEC might use statistical sampling to calculate the required median compensation at a reasonable cost. His quantitative training in engineering had taught him that highly accurate statistical estimates could be derived using relatively small samples drawn from large populations. On the other hand, his legal training taught him that the SEC has broad discretion in interpreting and implementing such laws as it deems appropriate.

“You can actually get a very accurate median estimate by sampling as little as one-half of 1 percent of a company’s workforce, even for massive multi-national companies,” Ohlrogge said.

Ohlrogge submitted several comment letters to the SEC, building his case for statistical sampling. He analyzed legal precedent to argue that, despite there being no specific mention of statistical sampling in Dodd-Frank, the SEC would be justified in using sampling. Then, relying on his engineering skills, he crafted the sampling technique companies could use to estimate median income.

Well done.  You can bet, though, that the corporations wouldn’t have found it so burdensome to figure out if they thought they could profit from it (vs. the pay ratio promising to expose the ludicrousness of their executives’ pay).

(3) TPP:  Just two items to pass on about the TPP:

(4) Rana Plaza Victory:  To end on an up note:  we have been covering the efforts to get clothing retailers whose goods were being made in the Rana Plaza factory that collapsed in Bangladesh on April 24, 2013, in John Miller’s articles After Horror, Apologetics, and After Horror, Change? (his columns in our last two Sept/Oct annual labor issues). Finally, change has arrived, as announced by the International Labor Rights Forum:

The International Labor Rights Forum is thrilled to announce that two years of campaigning, with over one million people participating, has succeeded in securing $30 million in compensation for the victims of the Rana Plaza building collapse – the deadliest disaster in the history of the global garment industry.

“This campaign victory would not have been possible without the hard work of workers’ rights groups and labor unions on the ground in Bangladesh, and activism from a wide array of allies around the world who held more than a hundred store actions and demonstrations at corporate headquarters,” said Judy Gearhart, Executive Director of the International Labor Rights Forum.

Maybe we’re overcoming the dynamic Barry Deutsch documented in his cartoon for our March/April 2014 issue:

0314toon--500x483

That’s it for now.