Friday, May 28, 2010

Marxists in the Boardroom and on the Battlefield

In February 2009, McChesney wrote in a column, "In the end, there is no real answer but to remove brick-by-brick the capitalist system itself, rebuilding the entire society on socialist principles.
I remember not so long ago when most people thought I was too conspiratorial about Obama being a communist. Ah, to be on the vanguard.  And though I wish I was wrong, I think it's as certain now as anyone can be of something in the realm of politics.

It's also become more clear to me recently that Soros must be some kind of communist and not just a socialist. He makes money to destroy capitalism.  I'm pretty sure that's his conscious rationalization and deliberate goal. A telling comment that sticks in my mind (if I'm not misremembering) is that he wants to "prove markets aren't efficient". I didn't take that comment seriously enough before, I think. A pathetic Popperian powerluster, who, in a rational world, would be treated as more dangerous than muslim terrorists, picked up by a CIA rendition team and hauled off for interrogation as an enemy of the United States, to get his plans and accomplices.

I'm even wondering these days (you're not paranoid unless you're wondering) if the Trade Center attack didn't have some kind of Marxist origins.  I don't mean bin Laden is a communist -- according to the history, he's opposed even to communism. But commies love proxies, and it would have been an easy thing to anonymously inspire, goad and help fund Obama and his clan of kooks to do something. Think about it: the World Trade Center -- what could be a more prime target for capitalism hating commies? What could be better for them than to get someone else to do the dirty work?

All idle speculation based on the logic of their psycho-epistemology and goals. No evidence whatsoever.

As for the efficient market theory that Soros and others denigrate -- I think conventional notions of "efficiency" is the problem. A market can only be efficient if the philosophy of the dominant investors is rational. In my view, "efficiency" is only a long-term average assessment of security prices. Efficiency is certainly not valid in the short run or arbitragers and anyone else would never make money.

Pricing mechanisms can only be accurate when investors know how to objectively appraise value in securities and commodities -- and even then, it only reduces the spread between objective value and market value. But teach an entire generation of financial types the wrong investment theories -- and you'll get significant deviations from "efficiency". Suddenly "fundamentals" (which Soros publicly derides) don't matter. Even without the government screwing things up, markets will inflate, gyrate and fall back in response to irrationality. The Dot-com bubble is a perfect example.

My unschooled and very limited knowledge of "classical" efficient market theory (1960's classical) is that it is probably some variant of intrinsic value theory, and essentially a-causal -- it assumes stock and commodity prices will seek the right level "somehow" without regard to human volition. But it's served as a wonderful false alternative, punching boy and straw man for the alleged flaws of capitalism.

Head of Marxist-led institute joins Obama team

Soros-funded group urges more government control of media

Posted: May 28, 2010
12:45 am Eastern
By Aaron Klein
©2010 WorldNetDaily

NEW YORK – The policy director at a George Soros-funded, Marxist-founded organization calling itself Free Press has just taken a key State Department position, WND has learned. Free Press Policy Director Ben Scott has been named a policy adviser for innovation at the State Department.

"We will miss Ben's leadership, wise counsel, and strategic brilliance – for Free Press and the overall movement for media and technology policy in the public interest," said Free Press President Josh Silver. Free Press is a well-known advocate of government intervention in the Internet.

Scott authored a book, "The Future of Media," which was edited by the founder of Free Press, Robert W. McChesney. McChesney is an avowed Marxist who has recommended capitalism be dismantled.

He is a professor at the University of Illinois and former editor of the Marxist journal Monthly Review.

In February 2009, McChesney wrote in a column, "In the end, there is no real answer but to remove brick-by-brick the capitalist system itself, rebuilding the entire society on socialist principles."

The board of Free Press has included a slew of radicals, such as Obama's former "green jobs" czar Van Jones, who resigned after it was exposed he founded a communist organization.

Last week, WND reported Free Press published a study advocating the development of a "world class" government-run media system in the U.S.

Now the group is pushing a new organization,, that advocates the downfall of "big media" and the creation of new media to "promote local ownership, amplify minority voices, support quality journalism, and bring local artists, voices and viewpoints to the airwaves."

Free Press has ties to other members of the Obama administration. Obama's Internet czar," Susan P. Crawford, spoke at a Free Press's May 14, 2009, "Changing Media" summit in Washington, D.C.

Crawford's pet project, OneWebNow, lists as "participating organizations" Free Press and the controversial Association of Community Organizations for Reform Now, or ACORN.

Crawford and Kevin Werbach, who co-directed the Obama transition team's Federal Communications Commission Review team, are advisory board members at Public Knowledge, a George Soros-funded public interest group.

A Public Knowledge advisory board member is Timothy Wu, who is also chairman of the board for Free Press.

Like Public Knowledge, Free Press also has received funds from Soros' Open Society Institute.

With research by Brenda J. Elliott

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