The Power Of Broke Book Pdf

0 views
Skip to first unread message

Aliza Pointon

unread,
Aug 5, 2024, 9:32:06 AM8/5/24
to bhuvpamiro
LinaKhan was pleased with her progress. Appearing before the Economic Club of New York in July 2023, she outlined her vision as the chairman of the Federal Trade Commission under Joe Biden and its success so far. Never mind the fact that, just days earlier, a federal court had delivered her agency yet another high-profile setback.

In practice, adopting this approach would involve assessing a range of factors that give insight into the neutrality of the competitive process and the openness of the market. These factors include: (1) entry barriers, (2) conflicts of interest, (3) the emergence of gatekeepers or bottlenecks, (4) the use of and control over data, and (5) the dynamics of bargaining power. An approach that took these factors seriously would involve an assessment of how a market is structured and whether a single firm had acquired sufficient power to distort competitive outcomes.


Aside from this peculiar notion that unelected officials should be providing direction to the elected Congress, the more important message from Khan here was for companies and investors. The current FTC is telling them that the M&A process will be much more lengthy, arduous, unpredictable, and costly.


Modern administrative law is well geared for the textbook regulatory situation: agency makes a rule, regulated party files a lawsuit, court reaches a decision. But the standards and procedures of administrative law are not well geared to grapple with a passive-aggressive regulatory agency that succeeds by weaponizing regulatory uncertainty to deter people and companies from acting in the first place.


Modern administrative law is well geared for the textbook regulatory situation: agency makes a rule, regulated party files a lawsuit, court reaches a decision. But the standards and procedures of administrative law are not well geared to grapple with a passive-aggressive regulatory agency that succeeds by weaponizing regulatory uncertainty to deter people and companies from acting in the first place.




In 1974, two very significant things happened, if you are a fan of 99% invisible. Number one is that 99pi host Roman Mars was born. And number two, The Power Broker by Robert Caro was published. Roman learned about the power broker when he first started to cover cities and infrastructure on the radio. This massive book is about 1200 pages long and is perhaps the most important and complete explanation of how cities are formed, how neighborhoods are destroyed, bridges are erected, roads are laid down, parks are designed. fortunes are made, lives are ruined, and power is amassed.


In both countries, the troops were called out to defend the 1 percent; people died. Award-winning Swedish filmmaker Bo Widerberg told the Swedish story vividly in dalen 31, which depicts the strikers killed in 1931 and the sparking of a nationwide general strike. (You can read more about this case in an entry by Max Rennebohm in the Global Nonviolent Action Database.)


Many people then found that their mortgages were in jeopardy. (Sound familiar?) The Depression continued, and farmers were unable to keep up payment on their debts. As turbulence hit the rural sector, crowds gathered nonviolently to prevent the eviction of families from their farms. The Agrarian Party, which included larger farmers and had previously been allied with the Conservative Party, began to distance itself from the 1 percent; some could see that the ability of the few to rule the many was in doubt.


By 1935, Norway was on the brink. The Conservative-led government was losing legitimacy daily; the 1 percent became increasingly desperate as militancy grew among workers and farmers. A complete overthrow might be just a couple years away, radical workers thought. However, the misery of the poor became more urgent daily, and the Labor Party felt increasing pressure from its members to alleviate their suffering, which it could do only if it took charge of the government in a compromise agreement with the other side.


The 1 percent thereby lost its historic power to dominate the economy and society. Not until three decades later could the Conservatives return to a governing coalition, having by then accepted the new rules of the game, including a high degree of public ownership of the means of production, extremely progressive taxation, strong business regulation for the public good and the virtual abolition of poverty. When Conservatives eventually tried a fling with neoliberal policies, the economy generated a bubble and headed for disaster. (Sound familiar?)


Labor stepped in, seized the three largest banks, fired the top management, left the stockholders without a dime and refused to bail out any of the smaller banks. The well-purged Norwegian financial sector was not one of those countries that lurched into crisis in 2008; carefully regulated and much of it publicly owned, the sector was solid.


One strong factor in Sweden was in fact the restraint of the unions and labour movement, who held back on their more radical expectations in order to get the business sector on board in a spirit of accord.

GAPMarilyn


The Saltsjbaden Agreement (sv. Saltsjbadsavtalet) is a Swedish labor market treaty signed between the Swedish Trade Union Confederation (sv. Landsorganisationen, LO) and the Swedish Employers Association (sv. Svenska Arbetsgivarefreningen, SAF) on December 20, 1938,[1] that became a model for other agreements. The rules on industrial action has come to be regarded almost as general legal principles of conflicts between the labor market forces.[2] The agreement cemented the Swedish social norm that the two sides shall conclude agreements without interference by government.[3] The agreement is still in effect, with the latest changes being made in 1976.[4]


In 2007, the LO, the Council for Negotiation and Co-operation (sv. Privattjnstemannakartellen, PTK) and the Confederation of Swedish Enterprise (a successor organisation to the Swedish Employers Association) began negotiations towards a new agreement at the initiative of the Confederation of Swedish Enterprise.[1][2] The negotiations, however, were suspended in March 2009.[5][6]


I believe that Lakeoff neglects a decisive factor. The successful struggles took place during the existence of the Soviet Union. Many thing, such as socialized medicine, were possible in those years, in the space between communism and capitalism.


Sure Sweden is a great country but we still have the same problem as the rest of the world. The representative democracy makes it hard for people to get their voices heard, companies are giving money to politicians and newspapers are not writing about things that does not benefit them (like the Swedish occupy movement).


No matter how you measure Sweden is always one of the countries with the best income distribution in the world. I think OccupyStockholm is right when he/she say that we (swedes) still have problems but I think it is wrong to compare them with the massive problems facing ordinary Americans.


In my opinion one of the biggest problems facing Sweden is our spineless government and palament bending over for the US administration passing laws practically written by the whitehouse lobby and thinking more about the interests of US big business than the wellbeing of the people who elected them. The world needs a strong and fair US government run by the 99 %. The dominance of the 1 % in the US is hurting the whole planet. A nonviolent and peaceful replacement of the current order by a government that can restore the American dream is the best thing that could happen to all the people of the world.


There is absolutely nothing wrong with someone making money. There is EVERYTHING wrong with using that money to influence politicians and deregulate for your inability to be content with only millions instead of billions. You only need so many solid gold umbrella stands, honest.


I am so happy to see this article, although it does mean many hard times ahead for the US. I have been honored to be living in Sweden for several years 2005-2007 and have now been working again there on a project for a US company. The people are kind and non-violent. They are humanitarian and they live in a socialistic society where class distinction is not so much an issue. Taxes and human compassion are high. We have yet to learn the value of that in the US. Low taxes for the rich and very low compassion for the poor and middle-class. But the light is starting to shine on the dark works of the greedy rich and in time, along with some pain, perhaps we too can enjoy a life-style like the wonderful Scandinavians.


STUDENTS of non-violent social, political and economic revolutions know the movements require designated, dedicated leadership, set goals and a commitment to non-violence for a chance to succeed. The Occupy movement across the U.S. started out well, but the inability and at times unwillingness to agree on a leader or even the need for one, and the inclusiveness of groups and organizations that distracted from the primary goals of the Occupy movement have diminished their chances of ever achieving their goals or of even influencing the 2012 elections. Maybe the Spring will bring a revival of Occupy, plans are already underway in cities across the country for camps to be re-established. Occupiers and their supporters need to seize the opportunities now to coordinate with the unemployed, unions, homeowners facing foreclosure and Progressive politicians to focus the American electorate on the main problem facing our nation; it is still the economy, stupid! Unemployment, home foreclosures and financial regulation, income inequality, tax inequality, corporate welfare, the social contract and decreased funding of the social safety net are all connected and how these issues are presented to American voters will determine if we continue our descent to Third World status or begin the restoration of the American Dream.

3a8082e126
Reply all
Reply to author
Forward
0 new messages