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Tag: Socialism

Bruce, Do You Hate God?

hate god

On one level, this is a silly question. Since I do not think there is a God, if I hated God, I would be hating a nonexistent entity. This would be akin to hating Santa Claus, the Easter Bunny, or the Tooth Fairy. However, I understand why religious people might think someone like me hates “their” God. I spend a lot of time writing things that are negative about God and Evangelical Christianity, so surely I must HATE God. Maybe some atheists do hate God, but I don’t. It is a non-issue for me.

As a writer, my focus is on religion — particularly Evangelical Christianity and the Independent Fundamentalist Baptist (IFB) church movement. Religion is the human attempt to answer what I call the “hard” questions of life. Where did we come from? What is the essence, the substance of life? Is there life after death? What gives life meaning and purpose? These are not easy to answer. I realize many atheists will say “no evidence”. . . end of discussion, but I think these kinds of questions are worthy of friendly, thoughtful, pointed discussion. The problem is many religious people can’t discuss these questions in a friendly manner. Thinking their God and belief system are equivalent to “truth,” Evangelicals condemn and marginalize anyone who thinks differently.

While I think evolution is the best answer to the “where did we come from” question, I am not at all satisfied with the answers science gives when dealing with the something rather than nothing question. Even Bill Nye, in his debate with creationist Ken Ham, admitted that, so far, science hasn’t answered the question of where the first particle came from. Of course, Ham, a man with cement in the place where his brain once sat, jumped up and down and said, TEACHER, TEACHER, I KNOW THE ANSWER!  IT’S FOUND IN THE B-I-B-L-E. Ham thinks the question is answered, whereas Nye is willing to say, We don’t know, but we continue to try and find the answer to this important question.

I am an atheist because the evidence tells me, at this present moment, that there is no God. As a man who spent fifty years in the Christian church and twenty-five years in the pastorate, I am well versed in the teachings of the Bible and the one, true, and holy Evangelical faith. There’s no possible argument an Evangelical could make that I have not heard. It is not evidence that I am lacking. I have weighed all the available evidence in the balance and found it wanting. I am convinced, based on the available evidence, that the Evangelical God is a work of fiction, and that Christianity is an admixture of myths, legends, oral traditions, and religious teachings. Maybe someday a deity of some sort will reveal itself to us. If so, I will consider this new evidence just like I have the evidence for the plethora of human religions. I doubt this will happen, so I am not going to spend any time worrying about it. In the meantime,  I remain agnostic on the God question and live my day-to-day life as an atheist. Reason, skepticism, humanism, family, friends, writing, good food and music, the Cincinnati Reds, and the Cincinnati Bengals are enough for me — no God needed.

My hatred is reserved for certain aspects of some religions. Since I live in the United States, my experience has primarily been with the Christian religion, especially the Evangelical form of Christianity. While I think the essence of Christianity can provide value and substance for some people — even in our modern, scientific world — I am convinced that twenty-first-century Christianity is so far afield from its original intent that it has ceased to be Christianity at all. How does the Christianity of today, in any of its various forms, remotely resemble the teachings of Jesus, the poor, itinerant do-gooder of first-century Palestine?

Part of the problem is that early in the history of the Christian church, the Christianity of Jesus was subjugated by the Christianity of Paul. The modern version of Christianity we see today is Paul’s version of it and not that of Jesus. It is doubtful, at least in my mind, that we can ever recover what Jesus wanted Christianity to be. We can’t even know if he wanted to start a new religion. Perhaps all he wanted was to reform Judaism. We can’t appeal to the Bible because it has been corrupted by errors, corrections, additions, and outright fraudulent changes. At best, we might be able to peer within the pages of the Bible and get a general idea of who Jesus was and what he was all about. And we can do this regardless of whether we consider Jesus divine or not.

When I look at American Christianity, what do I see? I see power, hatred, and wealth. I see arrogance. I see religious machinery. I see everything but what I should see. Where is Jesus? Where are good works? Look at all the Republican candidates for president over the past two decades. Jesus lovers, the lot of them, all trying to see who has the biggest Evangelical dick. Their beliefs and policies would likely be condemned by the Jesus of Nazareth they purportedly worship. Millions of Christians considered voting for these men, thinking they were voting for God’s man. (Please see Why I Hate Jesus.) And that’s precisely what Evangelical voters did in 2016, electing “baby Christian” Donald Trump as president, and attempted to do it again in 2020. Eighty-two percent of voting white Evangelicals voted for Trump. By doing so, Evangelical Christians traded their souls for a bowl of pottage, choosing power and preferential treatment over morality, ethics, and decency. And here we are, five days away from the 2024 election, and many Evangelicals still plan to vote for Trump.

Most churches and pastors seem to focus on building a kingdom, not in Heaven, but here on earth. Why all the fancy, expensive buildings? Why all the programs designed to keep fat, lazy sheep fed and happy? Why does most church income go to maintain buildings, pay staff, and provide programs for people who are already Christians? What happened to outreach to the “least of these?” Where can I find a church where the poor, sick, homeless, and dying are given preferential treatment? If Jesus were alive today, do we really think he would go to an American Evangelical church? I don’t.

Even though I don’t believe in the Christian God — nor do I think the Bible is divine truth — I could see myself going to a church that took seriously the teachings of the man named Jesus. (And yes, I am aware that some of his teachings are contemptible.) I still have a heart filled with compassion for the poor, sick, and marginalized, and I suspect many of the readers of this blog do too. As atheists and agnostics, we don’t have many meaningful opportunities or outreaches to help others. Imagine the help we could lend to churches focused on helping others instead of building kingdoms in this life.

I wonder if there is any room in the world for itinerant atheist preachers? While I couldn’t preach the Christian gospel of salvation in Jesus Christ, I could preach a humanist gospel that says salvation is found in the goodwill, mercy, and compassion we have for others. I could point to the teachings of Jesus, Buddha, and Bruce Almighty and show how the relevant parts of their teachings can help make us better human beings.

My hatred is reserved for any religion that is focused on power and wealth, and not people. For the most part, I despise Evangelical Christianity. To Evangelicals, words in a book are more important than loving their neighbors and helping the poor, the hungry, widows, orphans, prisoners, and the homeless. They prefer the narrowness of their religion to the wideness of human love, mercy, and compassion. They would rather concern themselves with abortion, same-sex marriage, immigration, gun rights, combatting socialism, refuting global warming, evolution, and getting Republicans elected, than trying to make a real difference in the lives of the “least of these.” Thinking evangelizing someone is more important than feeding and clothing them (better to go to Heaven with an empty belly, than Hell with a full one, the thinking goes), Evangelicals are viewed by non-Christians in the same light as door-knocking Jehovah’s Witnesses, Mormons, and siding salesmen.

My beef is not with God because I don’t think there is a God. My beef is not with Christians who are serious about loving and helping others. My disdain, and at times my anger, is reserved for those who have no regard for the plight of the poor and the sick, who only care about building a kingdom here on earth. No matter how much they talk about the future kingdom of God, their actions betray their true ambitions.

If churches took the teachings of Jesus seriously, they would merge, sell off the excess real estate, and use the money to help the poor, sick, and disadvantaged. If churches took the teachings of Jesus seriously, they’d fire all the professional Christians, forcing them to get real jobs. In doing so, these professional Christians would have to reengage with a world they lost connection with once they became gatekeepers and waitstaff at the local Evangelical churches.

If churches took the teachings of Jesus seriously, they’d stop programs that are little more than crack for religious junkies. These addicts bounce from church to church, program to program, service to service, hoping to get a Jesus Fix®. They are narcissists who have forgotten that what really matters is loving their spouses, children, family, and neighbors. They’ve traded the church for their common, dirty connection with the world. Sheltered from sinners, they listen to sermons that remind them of how wonderful it is in the church and how bad it is out there.

I don’t hate God. My hatred is reserved for evil done in the name of God. (Please see the Black Collar Crime series.) My hatred is reserved for those who value theological fealty, fidelity, and conformity more than they do people. Such thinking caused the burning of people at the stake and the slaughter of countless heretics. Given a chance here in America, Evangelicals with theocratic impulses would enact and enforce a Christian version of Sharia law. I hate all who dare attempt the subjugation and control of others in the name of their God. Thinking they are oracles who have THE truth, they demand everyone else bow to their truth. Willing to use violence and the power of the state to force others to embrace their God and Holy Book, they cause deep hatred and resentment. Thinking they are being hated for their beliefs, what they are really being hated for is their unwillingness to allow others to have the same freedoms they demand for themselves.

As I look at American Christianity, I search in vain for one good reason why I would/should become a Christian. Maybe there is a group somewhere that takes the teachings of the socialist Jesus seriously, but so far, all I see is ice cream—various flavors, but all ice cream. (Please see But, Our Church is DIFFERENT!)

Bruce Gerencser, 67, lives in rural Northwest Ohio with his wife of 46 years. He and his wife have six grown children and thirteen grandchildren. Bruce pastored Evangelical churches for twenty-five years in Ohio, Texas, and Michigan. Bruce left the ministry in 2005, and in 2008 he left Christianity. Bruce is now a humanist and an atheist.

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Don’t Cast Your Candy Bars Before Swine

clark bar
My Favorite Candy Bar

Several years ago, my wife’s cousin, and an Evangelical pastor in Newark, Ohio, posted the following on Facebook:

Do not be fooled! Class warfare, rioting, racism, defunding police, expansive government programs…these are the building blocks to socialism. These are reasons so many flee to America!!

I have known Polly’s cousin for over forty-four years. He was the ring-bearer in our wedding in 1978. Andy is an affable guy, the only preacher in Polly’s family that I get along with. We have had numerous conversations over the years. Never an angry word, though we have disagreed many, many times.

After reading Andy’s anti-socialism comment, I decided to respond, hoping that I could educate him about socialism, specifically democratic socialism. I suspect that I am the only atheist socialist Andy knows. The conversation quickly deteriorated when a friend of Andy’s named Tim — an Evangelical know-it-all, if there ever was one — decided to hijack the discussion and attack my atheism. He quickly started talking about evolution and morality, and even went so far as to tell me that I was an agnostic, not an atheist.

Long-time readers likely know what I told this man: fuck off! In fact, I told him to fuck off twice. The discussion was about socialism, but he wanted to make it about me and my atheism. I refused to play, and here’s his final comment to me (paragraphs added for readability. Grammar and spelling as written).

Last comment, then tomorrow when i get up I will just block you; since you do not want to debate.

you are angry because evangelicals make truth claims. yet you are making truth claims also. there is a saying. everyone has a right to their opinion, but only those who are correct have a right for their opinion to be true.

socalism is the start of communism and nazism. socalism has always harmed the poor and middle class, and makes politicians rich royal leaders. socalism always worships government, as everyone has to worship something. you know it. thus why you attack me, for pointing out truth.

Last, there is truth. there is a creator. there is a God, and that God is the one true God of the Bible. I pray that you meet him one day, before you die; as that will be too late. if you truly seek truth there are hundreads of books taht not only show the truth of what I am saying, but gives all the evidence inside and outside of the Bible for what I am saying. the best, for someone that truthly seeks truth, is evidence that demands a verdict.

I pray one day you seek the truth and realize that it is not what you claim it to be.

Just another day in the alternate universe called Evangelicalism. That this man thinks Josh McDowell’s book, Evidence That Demands a Verdict, is the best book for someone like me shows that he doesn’t really know much about agnosticism and atheism, nor does he know anything about my background. McDowell’s arguments have been debunked numerous times. Had I thought this man had a rational, skeptical bone in his body, I might have engaged him, but since he doesn’t, I chose not to cast my candy bars before pigs.

The only thing that offended me was his claim that I am an agnostic, not an atheist. He refused to let me self-identify as an atheist. In his mind, agnostic and atheist are two different things. Had he been open to thoughtful, rational discussion, I would have educated him about why many professed atheists are agnostics and atheists. I have talked about this issue numerous times on this site. Some strong atheists disagree with me on the matter, but claiming to be an agnostic and an atheist is certainly within the orthodox pale of the most holy atheist religion. Yet, this knucklehead thinks atheism is a religion. Whatcha gonna do when faced with someone who thinks he knows everything, yet knows very little? At this point in my quickly fading life, “fuck you” seems to be an appropriate response.

Bruce Gerencser, 67, lives in rural Northwest Ohio with his wife of 46 years. He and his wife have six grown children and thirteen grandchildren. Bruce pastored Evangelical churches for twenty-five years in Ohio, Texas, and Michigan. Bruce left the ministry in 2005, and in 2008 he left Christianity. Bruce is now a humanist and an atheist.

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Dear Democrats, Does Support Require Loyalty?

democratic party

The Republican Party is pretty much a monoculture, with little, if any diversity, among its members. Thanks to the influence of fascist, criminally-indicted former president Donald Trump, MAGA (Make America Great Again) policies dominate and control the Republican Party. I suspect there are more than a few Republican politicians who personally despise Trump and the MAGA wing of the Party, but they know that without Trump’s and MAGA’s support, they can’t win. These spineless Republicans know that just one social media post from Trump can sink their election/reelection chances. So they say nothing when Trump espouses policies that are not only hateful, racist, and anti-democratic, they pretend the man is not a narcissist and pathological liar. (All politicians lie, but Trump lies multiple times every day, eight days a week.)

There was a time when the Democratic Party was considered a big-tent political group, but some within the Party are now demanding loyalty to President Joe Biden and any and every policy deemed “Democratic.” Granted, the Democrats don’t have people such as Marjorie “Moscow” Taylor-Green, Matt “Child Molester” Gaetz, Tom Cotton, Ted “Cancun” Cruz, Paul “Nazi” Gosar, Lauren “Hand Job” Boebert, and Josh “The Cowardly Lion” Hawley demanding fealty under pains of political execution, there are those within the Democratic Party who marginalize and denigrate those who dare hold positions contrary to those of the Biden Administration. Democrats such as John Fetterman, Jon Tester, Joe Manchin, Bernie Sanders, and The Squad (Alexandria Ocasio-Cortez, Ilhan Omar, Ayanna Presley, Rashida Tlaib, Jamaal Bowman, Cori Bush, Greg Casar, Summer Lee, and Delia Ramirez) face increasing pressure from mainstream and centrist Democrats to toe the party line. For example, I oppose John Fetterman’s pro-Israel view, but I reject the notion that Fetterman is not a “real” Democrat.

Joe Biden needs the various factions within the Democratic Party to vote for him if he hopes to win the 2024 presidential election. Disparaging and marginalizing pro-Palestinian, anti-war, socialist, or pro-environment Democrats is a sure way to drive these voters to the open arms of the campaigns of Robert Kennedy, Jr., Cornel West, and Jill Stein (or could lead to protest votes for Marianne Williamson). Young voters, in particular, are more likely to be anti-war, pro-environment, and have socialist tendencies. Pretending these people don’t exist will only ensure that Biden goes down to defeat in November. Young voters may not have much real-world experience, but they know hypocrisy when they see it. They “hear” the pathetic challenges from Biden and his feckless cabinet to Israel’s genocidal slaughter of over 34,000 Palestinians in Gaza, while, at the same time, seeing the President and Democrats in Congress give Israel $18 billion to continue its immoral war. These young folks make, as they should, a direct connection between U.S.-funded and supplied bombs, bullets, drones, and missiles and daily reports of bloodshed, violence, and death in Gaza. They see the mutilated bodies of Palestinian children and know that the United States is directly responsible for their deaths.

I am a member of the local Democratic Party’s executive committee. I was elected to this position in March. I made it clear to Party leaders that while I am a proud Democrat, I have policy positions that run contrary to that of the Defiance County and State Democratic Party. I made sure they understood that I was an atheist; a humanist; a pacifist; and a socialist. They knew or should have known, anyway, that I am an outspoken writer who uses this blog and letters to the editor of the local newspaper to advance my cause. I will gladly support the Democratic Party at every level, but I will not silence my voice just to give the Party the appearance of MAGA-like unity. I grew up in a home with a mother who spoke her mind on political issues; and who was unafraid to voice her opinion in public forums. I continue to follow in her footsteps — thirty plus years after her suicide — albeit from the other side of the political aisle.

The Democratic Party has my support, but it does not have my loyalty. I refuse to say the Pledge of Allegiance because it is a loyalty pledge. I am grateful to be an American. I can’t imagine living in any other place than in the good ole USA. That said, I reject demands of political conformity and fealty. Nations and governments come and go. My objective is to work towards making the United States a better place to live. Most of all, I want my six children and sixteen grandchildren to have promising, prosperous, happy futures. When Democratic (or Republican) policies meet my desires and expectations, they can count on my support. When they don’t, the Democratic Party can expect to hear from me. Demands for Party loyalty will be rejected. If the Party’s tent is not big enough for someone like me, that’s their loss, not mine. I will do all I can to promote and advance Democratic policies and candidates, but what I will not do is abandon my political beliefs just so the Party can present to the public a facade of unity. Political debate and diversity are important for the health of the Democratic Party. The moment I’m told to be quiet or tone down my opinions or rhetoric is when I (and scores of other like-minded people) exit the tent.

Bruce Gerencser, 67, lives in rural Northwest Ohio with his wife of 46 years. He and his wife have six grown children and thirteen grandchildren. Bruce pastored Evangelical churches for twenty-five years in Ohio, Texas, and Michigan. Bruce left the ministry in 2005, and in 2008 he left Christianity. Bruce is now a humanist and an atheist.

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Ohio Legislators Want to Make “Capitalism” a Required Subject for High School Students

capitalism

By Megan Henry, Used with Permission from Ohio Capital Journal

An Ohio bill adding capitalism to a high school financial literacy credit is one step closer to becoming law. 

The Ohio House passed Senate Bill 17 with a 66-26 vote during Wednesday’s session. Four Democrats voted for SB 17 — Bride Rose Sweeney, Dani Isaacsohn, Elliot Forhan, and Richard Dell’Aquila. Every senator voted for SB 17 except state Sen. Paula Hicks-Hudson, D-Toledo. 

The Ohio Senate must agree to changes in the bill before it heads to Gov. Mike DeWine’s desk for his signature. 

State Sen. Steve Wilson, R-Maineville, introduced the bill last year, which lays out 10 free market capitalism concepts that would be taught. 

“One of the most important ways to prepare (students) for a successful life ahead is to make sure that they understand how money works and how that system works,” Wilson said last year during his sponsor testimony. 

The current law requires the State Board of Education to adopt standards and curriculum for financial literacy instruction, but does not clarify what must be included in the standards or model curriculum. 

The ten concepts proposed under SB 17:

  1. Raw materials, labor, and capital are privately owned. 
  2. Individuals control their own ability to work and earn wages. 
  3. Private ownership of capital may take many forms, including via a family business, a publicly traded corporation, or a bank, among others. 
  4. Market prices are the only method to inform consumers and producers about the constantly changing information about the supply and demand of goods and services. 
  5. Both sellers and buyers seek to profit in a free market transaction, and profit earned can be consumed, saved, reinvested, or dispersed to shareholders. 
  6. Wealth creation involves asset value appreciation and depreciation, voluntary exchange of equity ownership, and open and closed markets. 
  7. The free market positively correlates with entrepreneurship and innovation.  
  8. The free market may involve externalities and market failures in which the cost of certain economic activities is borne by third parties. 
  9. The free market often accords with policies like legally protected property rights, legally enforceable contracts, patent protections, and the mitigation of externalities. 
  10. Free-market societies often embrace political and personal freedoms.

“It would be up to the teacher to decide how much time to use in their classroom as they’re adding these additional concepts,” state rep Adam Bird, R-New Richmond, said during Wednesday’s session. 

As a former teacher, state rep. Sean Patrick Brennan, D-Parma, has reservations about SB 17. 

“I can attest that it’s already a very daunting task to cover all the topics thoroughly in financial literacy,” Brennan said during Wednesday’s House session. “I’ve always believed in the foot-long, foot-deep model of teaching, rather than the mile-long, inch-deep model, where students are thrown a lot of material in a short amount of time, and not given sufficient time to master it and truly put it to use in their lives.”

Ohio Education Association President Scott DiMauro said he doesn’t think the “overall thrust of the bill” will make a major change. 

“As a high school social studies teacher myself, I always taught about capitalism and the differences between capitalism and socialism in the classes that I taught, whether it was in history or government or economics, so I don’t know that it’s going to really make too much of a difference,” he said. “Kids are already being taught those concepts.” 

The financial literacy class can be an elective or as a substitute for a half-unit of mathematics — something former teacher and state rep. Joe Miller, D-Amherst, is not a fan of.

“In Ohio, let’s teach students less math as we move into the advanced tech economy with Intel coming in,” he said during Wednesday’s House session.

Intel is coming to Licking County, but the Wall Street Journal recently reported the timeline to finish the $20 billion project has been delayed and won’t be ready until late 2026 or 2027. 

Ohio’s current law requires teachers to have a financial literacy license in order to teach financial literacy, unless they teach social studies, family and consumer sciences, and business education.

Under SB 17, math teachers would be able to teach financial literacy. 

The bill would allow high school students to meet their financial literacy requirements by taking Advanced Placement Microeconomics or Macroeconomics.

“I’ve known a lot of really bright AP students over the years,” Brennan said. “They’re incredible, but they have no idea the difference between a whole life life insurance policy and a term life insurance policy, or the various types of mortgage options available when one’s looking to buy a home.”

Bruce Gerencser, 67, lives in rural Northwest Ohio with his wife of 46 years. He and his wife have six grown children and thirteen grandchildren. Bruce pastored Evangelical churches for twenty-five years in Ohio, Texas, and Michigan. Bruce left the ministry in 2005, and in 2008 he left Christianity. Bruce is now a humanist and an atheist.

Connect with me on social media:

Your comments are welcome and appreciated. All first-time comments are moderated. Please read the commenting rules before commenting.

You can email Bruce via the Contact Form.

The Left Has a Great Story to Share About Alternatives to Capitalism — Why Don’t They Tell It?

socialist protester

By C.J. Polychroniou, Common Dreams, Used with Permission

If we are to expect the frustrated and badly battered working-class people to turn their backs on the false promises of the far right and join instead the struggle for a more humane order based on socialist ideals and values, we need to take winning hearts and minds much more seriously.

For radical socialists, one of the most frustrating political experiences in the post-Cold War era is witnessing the dramatic deterioration of socio-economic conditions throughout the developed world and, at the same time, the failure of the Left narrative to convince the citizenry about the root causes of the problems at hand and that alternative socio-economic arrangements are in turn urgently needed. This is a paradox that open-minded radical socialists should not be hesitant to confront. A critical examination of the failure of the Left narrative to make inroads with the laboring classes in contemporary capitalist society is a must if the political pendulum is to swing back from conservative control.

The Left has always offered solid critiques about the state of capitalism. Armed with a class-driven perspective (“the history of all hitherto existing society is the history of class struggles”) which has become increasingly complemented by a multi-level analysis that also brings into play the role of race, gender, culture and ethnicity, the Left narrative about the nature of the problems facing contemporary capitalist societies has no equal among politico-economic discourses. It explains economic inequality on the basis of the dynamics of a profit-driven system geared toward serving almost exclusively the interests of the dominant classes instead of treating it as an outcome of individual failures (the right-wing version of economic inequality); understands racism as a force of its own, instead of trying to sweep it under the carpet as the Right does, but also recognizes that it’s continuation in present-day society is a consequence of specific institutional arrangements and both implicit and explicit biases; and advocates a succession of policies that aim toward the attainment of the common good instead of catering to the needs and interests of a tiny coterie of corporate and financial elites as conservative policies tend to do.

The Left narrative is intellectually rigorous but also couched in deeply humanistic terms. Since the French Revolution, the Left worldview has always been one that values the common good over narrowly defined private interests, progress over tradition, democracy over authoritarian rule. As such, it favors cooperation over competition, solidarity over rugged individualism, and science over religion and superstition. It is of little surprise, therefore, that the world’s greatest intellectuals, artists and writers in the modern age — from Victor Hugo to Arturo Toscanini and from Pablo Picasso to Jean Paul Sartre — have been to the left of the political spectrum. Indeed, in a continent where ideas have always been taken very seriously, one of the great grievances among 20th century European conservatives was over the fact that so few artists and intellectuals were to be found to the right of the ideological spectrum.

Nonetheless, no matter how intellectually and morally powerful it may have been, the Left narrative about the brutal realities of the capitalist system and the alternative values that should be guiding societal development was never the dominant political paradigm. The forces of reaction have always been a formidable opponent, relying both on the ideological and repressive apparatuses of the state to block radical change initiatives. From the brutal suppression of the Paris Commune by French and Prussian troops during the “Bloody Week” (21-28 May 1871), where some 30,000 Communards were killed, to the role of the CIA in promoting anticommunism in Europe in the period immediately following the Second World War to today’s strategic co-optation of once radical groups into mainstream political forces (the German Green Party, Syriza in Greece, Podemos in Spain, to name just a few), the powers that be have almost always found ways to create barriers to radical social transformation.

The Left narrative has also been undermined by the experience of “actually existing socialism.” Socialism, as practiced in the former Soviet Union and its satellite states, was undemocratic and had little tolerance for individual liberties and freedoms. The political system in place actually sabotaged the social, cultural, and economic achievements of “actually existing socialism,” which were in fact quite extensive, and it was a key factor in people turning away from embracing socialism as an alternative socio-economic order.

Formed in the periphery of the global capitalist system, where neither economic nor political development had yet to reach capitalist maturity (Russia was largely an agrarian society that had never before experienced democracy when the Bolsheviks took power in 1917), the type of socialism introduced functioned on the basis of the centralization of economic resources and institutions in the hands of the state and on single party governance. Workers had no say in economic decisions even though they were touted as co-owners of the means of production. This form of system became entrenched in the “motherland” of socialism after Stalin became an autocrat (1929-1953) and remained pretty much intact even during the so-called liberalization period that was ushered in by Nikita Khruschev (1956-1964), while even less changed under the leadership of Leonid Brezhnev (1964-1982). In the land of “actually existing socialism,” the rulers possessed no wealth and had no private property of their own but made all the decisions for the rest of society. The USSR was at best a “deformed workers’ state.”

Still, socialist and communist parties in the western world were quite popular with the masses both during the interwar years and for much of the postwar period. Communist parties carried a great deal of influence in trade unions and student movements and socialist parties were in power in numerous European countries after World War II. Indeed, the future did seem to belong to the Left.

All this changed for the worse with the collapse of “actually existing socialism” and the end of the Cold War. Instead of feeling liberated by the collapse of authoritarian state-socialism, the western Left felt a loss of identity and entered a long period of intellectual confusion and political paralysis. Many of its intellectuals abandoned their long-held ideas about socialism and communism and turned instead to mainstream political discourses, while others fell into depression and retreated altogether from political and ideological struggles. Subsequently, postmodern philosophers emerged on the scene who not only challenged the ideals of socialism but, in one of the vilest interventions in the history of intellectual discourse, identified socialism and communism with the crimes of Stalinism. The works of Marx were either ignored or completely distorted. By the mid-1990s, the intellectual paradigm shifted from Marxism and socialism to postmodernism. Media outlets to the very left of the political spectrum saw their readership decline in substantial numbers, and communist parties fell out of favor with intellectuals, workers, and students alike. By the early 2000s, most western communist parties ended up in the dustbin of history while trade unions lost entirely their political character and turned ever more toward economism. The end result was that the vision of socialism suffered a tremendous blow and the Left narrative about capitalism became quite marginalized, having little impact on the laboring populations that were experiencing declining standards of living, growing economic insecurity, and a shrinking social state under the auspices of neoliberalism.

And this is where things still stand today. Socialism remains in deep crisis in the developed world, with the only exception being the United States, the only country in the developed world that doesn’t even have a left-wing political party.

Indeed, in the metropolis of the neoliberal capitalist universe, socialism is enjoying considerable popular support, especially among the youth. For the first time, socialism in the U.S. has ceased being a taboo. Yet, one could argue that some of the political figures most responsible for the rebirth of socialism in the United States (such as Alexandria Ocasio-Cortez and Bernie Sanders) are not socialists per se and that their fight is on behalf of a light version of European social democracy.

To stress this point further, the progressive struggle in the U.S. is over a series of selected economic and social issues (universal healthcare, student debt elimination, unionization, and defending social security and Medicare) when Europe’s postwar left-wing movements and parties, especially from the 1950s through the mid-1980s, were aiming for nothing less than the radical transformation of the entire capitalist system. Social rights such as free higher education and free healthcare had already been realized in western European countries, thus making the struggle for socialism not issue-oriented but a holistic project. For example, demands for the socialization of the means of production were on top of the political agenda of all radical left parties and organizations in western Europe. The French communist party did not shy away from labelling the socialist revolution and the “dictatorship of the proletariat” as its key strategic objectives. Yet, indicative of how sour things have gone for the socialist project since the end of the Cold War, popular forces in many European countries find themselves today fighting for the mere protection of basic social rights as the wrecking ball of neoliberalism is in full swing, seeking to destroy the last vestiges of the social state.

The Left narrative is failing to convince the bulk of the citizenry in today’s western world not because the analyses advanced about the consequences of neoliberal capitalism are incorrect but because the vision of socialism itself rarely enters the equation. Leftist intellectuals shy away from making a case for socialism. Critiques of neoliberal capitalism are not in themselves a case for the radical transformation of capitalism and its eventual replacement with a socialist socio-economic order. Critiques of neoliberal capitalism without the ideological underpinnings of a socialist vision ingrained into the analysis suggest that there is no alternative to capitalism, only a better version of capitalism. And today’s Left narrative is overwhelmed with critiques of neoliberal capitalism, which are of course very much needed, but remain largely silent about the question of a future beyond capitalism.

If we are to expect the frustrated and badly battered working-class people to turn their backs on the false promises of the far right and join instead the struggle for a more humane order based on socialist ideals and values, then the ideological battle for the minds and hearts of the laboring populations must be resumed. The vision of socialism must return in full force to the public arena. Ideological belief systems matter in politics. They are what motivates people into political action.

There are, however, also systemic factors responsible for the failure of the Left narrative to convince the laboring population in the developed countries. On the one hand, the ideological apparatuses of late capitalism have elevated the art of political apathy to such great heights that they have succeeded in making an increasingly large segment of the citizenry feel totally helpless about the possibility of making a meaningful change through participation in political struggles. At the same time, they are creating the illusion that success and failure are a matter of character, and that self-realization can be attained based on the pursuit of purely self-centered activities rather than through engagement with other human beings in common struggles for a better future for all. Whether it is the entertainment industry or marketing strategies for consumers, the prevailing mode of reference is the “self,” the individual as an isolated unit with “unique” experiences. Social injustices are virtually never brought into light by the system’s ideological apparatuses, including public education which acts under capitalism as a mechanism for creating social consensus around mainstream values and beliefs. The corporatization of higher education, with its overwhelming emphasis on market skills instead of critical pedagogy for the betterment of society and the enhancement of the democratic ethos, has also contributed immensely to the politics of apolitical culture.

On the other hand, the political agencies and the cultural institutions that are needed for the enhancement of working-class consciousness and for activating the Left narrative into action have been extensively weakened and, in some cases, even become extinct. As stated earlier, communist parties in western Europe are mostly gone while their socialist counterparts have moved so far to the right that they are now virtually indistinguishable from Christian Democratic and conservative parties in general. As for today’s radical left parties, they are anything but radical and reflect the ideological confusion that is the hallmark of multiculturalism and the politics of identity. In sum, the working classes in the developed world find themselves today without mass-based political parties that represent the interests of labor. Little wonder then why working-class people are drawn to the far-right as the leaders of those parties claim to be fighting for the primacy of workers’ interests.

Until a few decades ago, the working-class people throughout the developed world could not only rely on mass parties representing specifically their own interests but also had their own cultural institutions whose mission was to foster ideological awareness and forge proletarian culture. Socialist and communist newspapers made an immense contribution to working-class consciousness and raised the level of radicalism. Trade unions performed an equally important role by organizing various educational and social activities that enhanced solidarity. With the collapse of “actually existing socialism” and the onset of a socialist crisis, all working-class institutions experienced a dramatic fallout. In Italy, l’Unità, which had been founded by Antonio Gramsci and was the official newspaper of the Italian Communist Party, went under. In France, the venerable L’Humanité has been struggling for years with financial woes and low circulation. As for workers’ clubs, they are a thing of the past.

In conclusion, the Left narrative, no matter how accurate and intellectually powerful it may be, cannot expect to catch the imagination of the citizenry without including a vision for a real alternative future. Moreover, working-class cultural institutions need to be reinstituted for the enhancement of class consciousness and authentic socialist parties need to be rediscovered for the Left narrative to become politically effective. Social movements are important, but their actions rarely have lasting effects. Only political parties can succeed in forging the Left narrative into the policy agenda and turn it into a programmatic plan for radical social change. Understandably enough, this is quite a tall order, but the Left needs to win once again the hearts and minds of the laboring classes. But it needs the necessary political agencies and cultural instruments to do so. It cannot accomplish it on intellectual grounds alone, especially with the politics of identity acting as a spearhead for social transformation. The Communist Manifesto would have remained just a mere political document if it wasn’t for the existence of radical political parties across the globe to embrace it as their guide and vision for the emancipation of the working class from the yoke of capital.

In conclusion, the Left narrative, no matter how accurate and intellectually powerful it may be, cannot expect to catch the imagination of the citizenry without including a vision for a real alternative future. Moreover, working-class cultural institutions need to be reinstituted for the enhancement of class consciousness and authentic socialist parties need to be rediscovered for the Left narrative to become politically effective. Social movements are important, but their actions rarely have lasting effects. Only political parties can succeed in forging the Left narrative into the policy agenda and turn it into a programmatic plan for radical social change. Understandably enough, this is quite a tall order, but the Left needs to win once again the hearts and minds of the laboring classes. But it needs the necessary political agencies and cultural instruments to do so. It cannot accomplish it on intellectual grounds alone, especially with the politics of identity acting as a spearhead for social transformation. The Communist Manifesto would have remained just a mere political document if it wasn’t for the existence of radical political parties across the globe to embrace it as their guide and vision for the emancipation of the working class from the yoke of capital

The Left has always offered solid critiques about the state of capitalism. Armed with a class-driven perspective (“the history of all hitherto existing society is the history of class struggles”) which has become increasingly complemented by a multi-level analysis that also brings into play the role of race, gender, culture and ethnicity, the Left narrative about the nature of the problems facing contemporary capitalist societies has no equal among politico-economic discourses. It explains economic inequality on the basis of the dynamics of a profit-driven system geared toward serving almost exclusively the interests of the dominant classes instead of treating it as an outcome of individual failures (the right-wing version of economic inequality); understands racism as a force of its own, instead of trying to sweep it under the carpet as the Right does, but also recognizes that it’s continuation in present-day society is a consequence of specific institutional arrangements and both implicit and explicit biases; and advocates a succession of policies that aim toward the attainment of the common good instead of catering to the needs and interests of a tiny coterie of corporate and financial elites as conservative policies tend to do.

Bruce Gerencser, 67, lives in rural Northwest Ohio with his wife of 46 years. He and his wife have six grown children and thirteen grandchildren. Bruce pastored Evangelical churches for twenty-five years in Ohio, Texas, and Michigan. Bruce left the ministry in 2005, and in 2008 he left Christianity. Bruce is now a humanist and an atheist.

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Daniel Greenfield Says Conservatives Should “Hurt” Liberals by Distorting Their Positions

owning the libs

Recently, Daniel Greenfield, a Shillman Journalism Fellow at the David Horowitz Freedom Center, wrote an article titled The Decline and Fall of Woke for Front Page Magazine — a right-wing online rag published by David Horowitz.

Here’s an excerpt from the article:

Walking into the children’s section of a public library, I spotted a copy of ‘Woke: A Young Poet’s Call to Justice’’. Published in 2020, it’s almost a cultural artifact because ‘woke’ has gone from a hip term for leftism to a battered conservative punching bag in the culture war.

….

By 2023, wokeness has come to mean leftist extremism. It’s most often used by Republicans and hardly ever by Democrats who act baffled at the idea that there was ever such a thing as wokeness. Much like ‘Defund the Police’, a set of sounds that once defined lefty culture, has been flushed down the memory hole and everyone is pretending they never heard of it.

….

What happened to ‘Woke’ is the same thing that once happened to ‘Liberal’. Conservatives seized on it and used it to sum up everything wrong with leftist extremism. Before long, no one wanted to identify as a liberal because it meant being seen as a lunatic fighting for sex ed for kids, free needles for addicts, political correctness in the office and surrendering to enemies.

….

Senator Bernie Sanders has spent most of his otherwise useless career trying to redeem the term ‘socialist’ in the United States. And recent polls show a growing approval for socialism among younger people. But, as the example of ‘Woke’ shows, that appreciation may not last long once conservatives turn whatever term the Left uses now into a political scarlet letter.

The destruction of wokeness within a matter of years shows why conservatives should not underestimate their cultural power. Barred by the media, censored by tech companies and shut out by the entertainment industry, conservatives were nevertheless able to take the hip new term that leftists had rebranded as and make it as toxic as yesterday’s radioactive waste.

….

When people think of wokeness, they no longer envision the BLM activists who used to appear on TV shows and on children’s books, they think of Gov. Ron DeSantis or an episode of FOX News. Republicans went to war on wokeness and in doing so, they appropriated it, they took the word and made it their own. Destroying the brand value of wokeness is not the same thing as defeating woke policies, but marketing is fundamental to leftist recruitment and expansion.

….

Conservatives, who operate in a counterculture, should remember that they have the power to hurt the Left. The decline and fall of wokeness is a demonstration of the fragility of leftist cultural power which commands budgets in the tens of billions of dollars, controls private and public institutions, yet is deeply resented and vulnerable to some pointed mockery.

Greenfield admits that “conservatives . . .. have the power to hurt the Left.” How can conservatives “hurt” the left? By honestly and openly debating their policies? By meeting them in the public square, armed with evidence and facts? Oh no, that’s not how it’s done, according to Greenfield. Instead, conservatives should hurt liberals/progressives/socialists — woke folk — by misstating and lying about their policies. The goal is not an honest exchange of ideas or an armed battle in the public square. Greenfield encourages disinformation, turning words such as liberal, progressive, socialism, woke, Black Lives Matter, and other terms into disparaging epithets.

Today, Ohioans voted on Issue 1 — an attempt by Republican legislators to send a November vote on legalizing abortion down to defeat. Currently, citizens can successfully pass initiatives or amend the Ohio Constitution by a fifty percent plus one vote. If Issue 1 passes, this percentage will rise to sixty percent. The goal, of course, is to stop the “baby murder” amendment in November.

Greenfield’s fellow conservatives have turned to outright lies to push “Vote Yes on Issue 1.” I’m not talking about little white lies. Big-ass lies meant to not only distort the facts about Issue 1 but also besmirch the character of those who oppose the issue. “Why, all their funding came from outside sources,” conservatives opined. Almost true, but what they don’t want voters to know is this:

Roughly $35 million has flowed to political groups aiming to influence Ohio’s August special election. That includes money for campaigns for or against the ballot measure raising the threshold for constitutional amendments, as well as several closely aligned organizations.

On both sides — those opposing Issue 1, those supporting it, and those technically fighting November’s reproductive rights amendment — the vast majority of funding came from out of state.

The campaigns

Issue 1’s proponents have consistently argued a higher threshold for passing state constitutional amendments will act as a deterrent.

“This is about empowering the people of Ohio to protect their constitution from out of state special interests that want to try to buy their way into our state’s founding document,” Secretary of State Frank LaRose insisted in a televised statewide debate last week. “I’m here to say the Ohio constitution is not for sale.”

Opponents have repeatedly argued back that nothing in the proposal actually limits out-of-state influence.

The yes campaign committee, Protect Our Constitution, raised a little more than $4.85 million according to its filing. Nearly all of it came from a single individual who lives out of state.

Illinois billionaire Richard Uihlein donated a total of $4 million to the committee. The right-wing megadonor owns the Uline shipping and office supply company, and his grandfather and great-grandfather ran Schlitz brewing.

The largest contributions aside from Uihlein were $100,000 each from a PAC solely funded by the Ohio Chamber of Commerce, and another connected with Ohio nursing homes. Other substantial contributions came in from Washington, D.C., Georgia and Tennessee. But less than $700,000, or just 14% of the total, came from Ohio donors.

Issue 1’s opponents are fundraising through a committee called One Person One Vote. The campaign raised a total of $14.8 million, about 16% of it coming from Ohio donors.

The filing doesn’t show anyone giving quite as much as Uihlein did in terms of dollar amount or percentage of the total. Still, the campaign did attract some pretty big fish. Karla Jurvetson, a Silicon Valley psychiatrist and philanthropist, cut checks totaling about $1.1 million.

One Person One Vote also got contributions of $1 million or more from liberal groups including the Sixteen Thirty Fund, among the largest left-leaning dark money groups, the Tides Foundation, Ohio Education Association and the National Education Association.

Alongside its filing, One Person One vote put out a statement describing their pride for “the enormous bipartisan coalition that has come together to defeat Issue 1.”

The (not quite the campaign) campaigns

Although One Person One Vote outraised Protect Our Constitution more than three-to-one, the ‘yes’ campaign was never just one committee. In all, there are four “Protect” organizations including Protect Women Ohio, Protect Women Ohio Action and Protect Our Kids Ohio.

Taken together, they give the yes side of the campaign a financial advantage.

These organizations are chiefly concerned with defeating the reproductive rights amendment that will be on the ballot this November. But because Issue 1 will raise the threshold for that November vote, they’re also deeply invested in its approval.

The first televised ads in favor of Issue 1? Those were paid for by Protect Women Ohio — not Protect our Constitution. Around the state, anti-abortion activists are making explicit appeals for Issue 1 based on undermining the reproductive rights amendment. Seth Drayer, the Vice President for Created Equal, recently warned the Delaware City Republican Club about about a 2022 abortion amendment that passed in Michigan with 56% of the vote.

“If we move to 60% they’re not going to win in Ohio,” he said. “If we win August, we win November. It’s really about that simple.”

And like Protect Our Constitution, these allied groups are getting the vast majority of their funding from out of state.

Protect Women Ohio Action is actually a 501(c)(4) based in Virginia. Five million of its $5.2 million bankroll comes from The Concord Fund, a Washington D.C. based 501(c)(4) known publicly as the Judicial Crisis Network that spends heavily in favor of conservative judges. The other $200,000 comes from Susan B. Anthony Pro-Life America. The organization’s president is Protect Women Ohio Action’s sole board member.

Among Protect Women Ohio’s contributions is a $2 million check from Protect Women Ohio Action reported the same day The Concord Fund made a $2 million donation to the latter.

Of the groups pushing for Issue 1, Protect Women Ohio has by far the biggest piggy bank. But more than $6 million of that $9.7 million total comes from Susan B. Anthony. The only other substantial donations came from the Catholic Church. The Columbus and Cleveland Dioceses gave $200,000 each and the Cincinnati Archdiocese gave $500,000. In all, Protect Women Ohio raised about 16.3% of contributions in-state. The three donations from the Catholic Church make up more than half of that.

The Ohio Capital Journal by Nick Evans

Good luck finding this information on the Front Page Journal website, or any other conservative site, for that matter. You see, their goal is to muddy the water, to own the libs. Facts to them are just tools used to advance their pernicious political, social, religious, and economic agenda. According to Greenfield, the end justifies the means. Anything that hurts the “left” is okay.

I am sure at least one reader is going to remind me that the “left” does it too. Fair enough, but does anyone think the left equally lies and distorts facts? Be honest. MSNBC can be partisan, but do you really think there is no difference between them and Fox News, ONN, and the Daily Wire? I refuse to play the “whataboutism” or “they all do it” game. Understanding the times requires discernment — the ability to differentiate between facts and lies. Stop listening to the Greenfields of the world who only want you to see a strawman and not the truth. In Greenfield’s right-wing MAGA world, “owning the libs” is all that matters.

(Note: According to the New York Times, Issue 1 went down to defeat by a 60-40 percent margin. Evidently, lying doesn’t pay.)

Bruce Gerencser, 67, lives in rural Northwest Ohio with his wife of 46 years. He and his wife have six grown children and thirteen grandchildren. Bruce pastored Evangelical churches for twenty-five years in Ohio, Texas, and Michigan. Bruce left the ministry in 2005, and in 2008 he left Christianity. Bruce is now a humanist and an atheist.

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Bruce’s Ten Hot Takes for July 24, 2023

hot takes

The greatest disease threat to humans is not wildlife; it’s our fellow homo sapiens.

If states such as Alabama and Texas can ignore Federal court orders without consequence, other states will do the same, upending the rule of law.

Many Christian nationalists and white supremacists are itching for a civil war.

Disgraced ex-president Donald Trump will be indicted in Georgia. If convicted, Governor Kemp will pardon him.

Following Governor Ron DeSantis’ explanation of slavery, I think I’ll kidnap a Haitian teenager, keep him locked up in my garage, and teach him to mow my lawn and trim my trees. One day, after he becomes the CEO of IBM, he will thank me for treating him like a slave.

At the root of capitalism is the exploitation of labor; getting the most work and productivity out of employees for the least possible money.

Terms Republicans can’t define: socialism, communism, critical race theory, and atheism.

The My Pillow guy will go bankrupt by 2025.

Polly heard cicadas last week. Fall is sneaking up in the upper Midwest. Soon a wooly worm will be seen crossing the road.

The Cincinnati Reds will make the playoffs this year if they trade for starting pitching before the August 1 trade deadline.

Bonus: Sex gets better after sixty, but those damn Charley horses sure are annoying.

Bruce Gerencser, 67, lives in rural Northwest Ohio with his wife of 46 years. He and his wife have six grown children and thirteen grandchildren. Bruce pastored Evangelical churches for twenty-five years in Ohio, Texas, and Michigan. Bruce left the ministry in 2005, and in 2008 he left Christianity. Bruce is now a humanist and an atheist.

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Bruce’s Ten Hot Takes for July 19, 2023

hot takes

Israel is an apartheid state.

The war in Ukraine is a proxy war between the United States/NATO and Russia.

We must have an honest, science-based discussion about transgender women athletes.

Institutional racism is very much part of America’s social, political, and economic DNA.

Anyone who votes for Donald Trump or Ron DeSantis is promoting fascism and religious extremism.

A yes vote on Ohio Issue 1 on August 8, 2023, is an attempt to subvert democracy and majority rule.

The Democratic Party is clueless about how rural people live or what is important to rural Americans.

The Biden administration’s job numbers don’t tell the truth about employment, unemployment, and underemployment in the United States.

The pissing war between the Democratic Socialists of America (DSA) and the International Committee of the Fourth International (World Socialists) harms the socialist movement as a whole.

Electric vehicles, LED lighting, and recycling will do very little, if anything, to meaningfully combat global climate change.

Bonus: Americans will not do anything unless you make them.

Leave your hot thoughts in the comment section.

Bruce Gerencser, 67, lives in rural Northwest Ohio with his wife of 46 years. He and his wife have six grown children and thirteen grandchildren. Bruce pastored Evangelical churches for twenty-five years in Ohio, Texas, and Michigan. Bruce left the ministry in 2005, and in 2008 he left Christianity. Bruce is now a humanist and an atheist.

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Silicon Valley Bank: Oh, How Quickly Libertarians Become Socialists

libertarianism

Over the weekend, Silicon Valley Bank collapsed, putting billions of dollars in customer deposits at risk. The Federal Deposit Insurance Corporation (FDIC) insures deposits up to $250,000. This means that deposits over $250,000 could be lost, causing harm to depositors. All of a sudden, libertarian venture capitalists and entrepreneurs — people who despise regulation and handouts/bailouts — are pleading for the Biden Administration to come to the rescue and bail out SVB.

Derek Thompson, a writer for Current Affairs, had this to say:

Silicon Valley Bank was widely used, as you might expect, by tech industry startups (as well as a bunch of California winegrowers), and startup types are not generally known for their belief in generous government handouts to those screwed by the free market. But libertarians quickly become socialists when they’re the ones who end up on the losing end of one of capitalism’s frequent crises. Billionaire Mark Cuban swiftly went from denouncing regulators to asking “Where were the regulators?” Tech industry leaders immediately started calling for the FDIC to ditch its $250,000 cap on guaranteed deposits and guarantee everything including the nearly $500 million that Roku held at SVB. Venture capitalist David Sacks said it was unfair for depositors to be punished for opening a bank account at an institution that failed, and that he wasn’t asking for a bailout but merely for the government to “ensure the integrity of the system.” CNBC reported on those noting “the irony as some VCs with notoriously libertarian free-market attitudes are now calling for a bailout.” (At Slate, Edward Ongweso Jr. has more on the “tantrum” thrown by venture capitalists who demanded that the government step in when SVB went under.) 

One of those notorious for his “free-market attitudes” is Larry Summers, the former Clinton treasury secretary and Jeffrey Epstein associate. Summers has previously had harsh words for those advocating a bailout for underwater student loan debtors. But when it came to Silicon Valley Bank, Summers said that the government should step in and “this is not the time for moral hazard lectures or for lesson administering or for alarm about the political consequences of ‘bailouts.’”

At Slate, Edward Ongweso Jr, opined:

If the technological innovation coming out of Silicon Valley is as important as venture capitalists insist, the past few days suggest they haven’t been very responsible stewards of it. The collapse of Silicon Valley Bank late last week may have resulted from a perfect storm of ugly events. But it was also emblematic of a startup ecosystem and venture-capital apparatus that are too unstable, too risky, and too unmoored from reality to be left in charge of something as important as the direction of our technological development.

As the startups that make up Silicon Valley Bank’s customer base scrambled to figure out whether they would be able to make payroll, a group of extremely online venture capitalists spent four days emoting on Twitter, ginning up confusion and hysteria about the threat of a systemic risk if depositors didn’t get all their money back, pronto. All weekend, they screamed that there would be an economic collapse, that they were concerned about the workers, that the Federal Reserve was responsible, that-that-that … until finally, on Sunday evening, they got what they wanted: the government promising full account access to all Silicon Valley Bank depositors.

By now, it is relatively clear what happened at Silicon Valley Bank. A pandemic bull run inflated the value of tech startups and the funds of investors, resulting in a tripling of deposits at the regional bank that specializes in the industry’s fledgling companies, from $62 billion at the end of 2019 to $189 billion at the end of 2021. SVB wanted to put that money to work, so it bought up U.S. Treasury and mortgage bonds that would take years to mature but serve as a relatively safe place to park its cash—as long as interest rates didn’t rise. They did rise, however, multiple times.

For over a decade, low interest rates have allowed venture capitalists to accumulate huge funds to give increasingly unprofitable firms with unrealistic business models increasingly larger valuations—one 2021 analysis found that not only were 90 percent of U.S. startups that were valued over $1 billion unprofitable, but that most would remain so. Give me tens of billions of dollars and a $120 billion valuation and someday, somehow, I will replace every taxi driver with gig workers paid subminimum wages—or robot taxis paid no wages—while charging exorbitant fares for rides, increasing pollution, and adding to traffic. Or not, and I will sell off all the science-fiction projects I’ve promised, but still fail to make a profit.

Over the last year, rising interest rates to combat inflation have meant less free money for science-fiction projects, pressuring investors to change their entire approach and actually fund realistic ventures at realistic valuations with realistically sized funds and deals. Drops in valuations meant smaller checks, which meant smaller deposits at Silicon Valley Bank, and more and more withdrawals as startups ran out of cash themselves. It also meant the bonds SVB bought were now worth less than when purchased, so they’d have to be sold at a loss to generate some liquidity, so that clients could withdraw their deposits.

….

This was dramatic, but in fact it should have calmed down everyone who had money there—SVB serviced every level of the tech ecosystem, from venture capitalists who stashed their Smaugian hoards there to startups that kept operational cash or payroll or reserves there. The FDIC, after all, has a clear protocol for this that it reiterated in a statement Friday morning: Get all the federally insured depositors their money by Monday, search for a buyer of the bank over the weekend, and if none was found, then auction off the bank’s assets and segments of operation.

And yet what followed were increasingly baffling online tantrums from prominent investors who either didn’t seem to understand the well-established process or were trying to shift blame for the momentary crisis onto anyone they could.

Early Saturday morning, the famous activist investor Bill Ackman used his Twitter Blue subscription to pen a 649-word rant predicting an economic apocalypse if every single depositor was not made completely whole. Mark Cuban expressed frustration with the FDIC insurance cap that guarantees up to $250,000 in a bank account as being “too low”; he also insisted the Federal Reserve buy up all of SVB’s assets and liabilities. Rep. Eric Swalwell, a California Democrat, joined the chorus, tweeting that “We must make sure all deposits exceeding the FDIC $250k limit are honored.”

That’s what federal regulators spent the weekend doing, invoking something called the “systemic risk exception” in order to get every depositor their money. (Stockholders in SVB will take a bath, and the institution’s leadership were all fired.)

And yet you still saw famous venture capitalists like PayPal co-founder and Elon Musk buddy David Sacks begging the Federal Reserve to force a merger or a bailout, then insisting he was not asking for a bailout while again asking for a bailout. This may have seemed a bit strange considering Sacks’ previous disparaging of handouts (specifically to Ukraine) and reactionary vitriol for liberalism itself. But then again, Sacks is a longtime associate of investor Peter Thiel, who believes in free markets but not in competition—in capitalism so long as the rules are attuned to satisfy his own interests first and foremost. It was Thiel’s Founders Fund, by the way, that helped kick off the bank run that sank SVB in the first place.

….

Venture capitalists tout themselves as investors who take on big risks by finding value—they provide capital to entrepreneurs lacking the revenue or credit to get traditional financing, but whose big ideas promise to change the world (and make some money along the way). In their self-conception, they would be entitled to white-glove service from the federal government in the wake of this massively inconveniencing event.

The reality, however, is that VCs are herd animals. The industry is overconcetrated—enmeshed, as Geri Kirilova at venture capital firm Laconia Group puts it—and structurally drives capital into a few well-connected hands who pile it into larger funds, cut it into larger checks, and hand it off to a tightly knit network of entrepreneurs and startups. This overreliance on established actors or social networks may seem like a shortcut when you’re risk-averse or unable (and unwilling) to vet every single prospective investment, but it has at times left venture capitalists unable to weed out well-connected or charismatic charlatans.

In a comprehensive case study of the VC industry, UC Davis law professor Peter Lee argues that these are structural deficits that fundamentally undercut venture capital’s ability to actually provide social utility. But venture capital isn’t just wearing blinders. It uses capital as a weapon to crush the competition and corner a market. It works to rewrite laws and regulations, as VC-backed firms tried to do for the gig economy and the crypto industry. Sometimes that means lobbying, as the industry did in the 1970s and 1980s to achieve reforms that cut capital gains taxes, made stock-based compensation attractive, and loosened pension regulations that give VCs access to new funds (and secure a massive subsidy from the government). Being loud and emphasizing their role in creating value has worked for VCs in the past. This past weekend was another example.

What does all of this have to do with SVB? By all accounts, SVB was the beating heart of the valley. In 2015, the New York Times reported that it serviced 65 percent of “all existing start-ups and many of the most prominent venture capital firms.” The bank’s collapse came out of a panic and a bad bet on interest rates, but it got into this situation because everyone involved seems to have helped build a risky system. VCs required portfolio companies to bank with SVB, SVB offered mortgages and wealth management services to VCs, and if SVB offered services similar to other banks serving Silicon Valley, then it likely made the terms of those deals incredibly attractive. First Republic Bank, for example, gave Mark Zuckerberg a mortgage at an interest rate that was below inflation—essentially offering a loan for free.

The risk introduced to SVB by overreliance on low interest rates in both its depositor base and portfolio investments is the same risk embedded in the core of the venture capital model. Profligate fundraising and investment have operated on the assumption that money would be cheap, allowing it to make increasingly exotic bets. Venture capitalists have had a decade of negative to zero real interest rates to build the future through their intrepid noses for value, so what did they give us? We got benefits largely limited to the realm of consumer goods and services, like cheap on-demand delivery and ride-hail (so long as you ignored the exploitation that powered them) and cheap streaming services (until they began hiking prices), namely. But what were the costs? Startups that revolutionized the militarization of our border and our migrant deportation operations, helped weaponize robots, offered A.I. services that exploit invisible underpaid workers in the Global South, and roiled urban transit, rental, and restaurant markets. These projects and others generated billions for investors who got in on an early fundraising round, but they also degraded the quality of life for people across the world.

Here’s the title for the Current Affairs article: Every Libertarian Becomes a Socialist The Moment The Free Market Screws Them. Ain’t that the truth?

Biden, of course, plans to make SVC whole, adamant that it is not a bailout. Sure, Joe, sure. And when more banks fail, as they most certainly will, their bailouts will deplete the FDIC fund. Then what? Biden will be forced to use taxpayer money to rescue failed banks.

Perhaps, we should be asking why SVB failed to start with. The very libertarians demanding socialistic remedies for SVB’s failure are the very same people who promoted and facilitated the repeal of the Glass-Steagall Act and the gutting of the Dodd–Frank Wall Street Reform and Consumer Protection Act. Both Republicans and Democrats are complicit in the current spate of bank failures. They removed the regulatory guardrails meant to keep banks from failing. Will capitalists and the political class learn anything from SVB’s failure? Of course not. Regulation is the only solution to financial mismanagement. Congress should immediately restore the Glass-Steagall Act and restore Dodd-Frank to health. They won’t, because way too many of them are suckling on the corporate teat.

In the real world, libertarianism is a failed political philosophy. It fails the moment corporations fuck up and need taxpayers to bail them out. SVB will be made whole because not doing so would harm far more people than rich venture capitalists, bankers, stock brokers, and entrepreneurs. That’s what happened in 2008, and will continue to happen until we realize the financial sector will only do what they are made to do.

Bruce Gerencser, 67, lives in rural Northwest Ohio with his wife of 46 years. He and his wife have six grown children and thirteen grandchildren. Bruce pastored Evangelical churches for twenty-five years in Ohio, Texas, and Michigan. Bruce left the ministry in 2005, and in 2008 he left Christianity. Bruce is now a humanist and an atheist.

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Is Joe Biden the Pro-Labor President?

rail workers

By Jake Johnson, Common Dreams

Rank-and-file rail workers voiced frustration and anger late Monday after Joe Biden—a self-described “pro-labor president”—urged Congress to pass legislation forcing unions to accept a contract agreement without any paid sick days, a step that would avert a looming nationwide strike and deliver a win for the profitable railroad industry.

“By forcing workers into an agreement which doesn’t address basic needs like healthcare and sick time, President Joe Biden is choosing railroads over workers and the economy,” said Ross Grooters, an engineer and co-chair of Railroad Workers United, an inter-union alliance that supports public ownership of the national rail system.

Another worker was more blunt in a text message to labor reporter Jonah Furman: “Words cannot express how fucking livid I am at this administration… people in power, LIKE HIM, would rather screw workers than stand up to fucking robber barons.”

While Congress could put forth legislation that would improve the tentative White House-brokered contract deal announced in September, Biden made clear he wants lawmakers “to pass legislation immediately to adopt the tentative agreement between railroad workers and operators—without any modifications or delay—to avert a potentially crippling national rail shutdown.”

That agreement, which has been rejected by more than half of the country’s unionized rail workforce, does not include a single day of paid sick leave and would only allow three penalty-free days off per year for medical visits. But even that time off is heavily constrained: It’s unpaid; can only be taken on a Tuesday, Wednesday, or Thursday; and must be scheduled at least 30 days in advance.

“These agreements were rejected because the quality of life rail workers and their families have today is abysmal,” Ash Anderson, a member of the Brotherhood of Maintenance of Way Employes Division (BMWED)—one of the unions that voted against ratifying the tentative deal—wrote on Facebook. “There were no provisions to improve the quality of life for rail workers, who continue to be exploited by companies that are earning record-breaking profits while their service suffers and they cut their workforce to the bone.”

Anderson continued:

I just want Americans to see the stories of these men and women, the stories of their families. I want Americans to recognize that these workers are being driven out of their chosen profession by the continued harsh conditions, callous discipline, long hours far from home, and basic lack of respect and dignity in the work that President Biden just stated was too important to allow to stop, regardless the cost.

The railroads’ record profit margins are safe, their exorbitant stock buybacks and shareholder returns are secured. Americans will have all the conveniences available this busy shopping season. Rail workers will work sick to make sure it’s all done, because that’s what they have to do.

Shortly following Biden’s statement, outgoing House Speaker Nancy Pelosi (D-Calif.) announced her chamber will move this week to take up legislation requiring rail workers to accept the tentative deal and denying them their right to strike. Without a contract deal or congressional action, a strike could begin early next month.

Echoing Biden, Pelosi insisted that lawmakers are “reluctant to bypass the standard ratification process” and declared that “we must recognize that railroads have been selling out to Wall Street to boost their bottom lines, making obscene profits while demanding more and more from railroad workers.”

“But,” the Democratic leader added, “we must act to prevent a catastrophic nationwide rail strike, which would grind our economy to a halt.”

The White House’s intervention answers the call of rail giants and corporate lobbying groups—including the powerful U.S. Chamber of Commerce—that have been pushing for and banking on congressional action as contract talks remain at a standstill, with rail companies refusing to drop their opposition to workers’ basic sick leave demands.

Rail unions had originally pushed for 15 days of paid sick leave, a policy that rail companies estimated would cost around $688 million a year—less than what billionaire Warren Buffett, the CEO of BNSF Railway’s parent company, added to his net worth in a single day last week.

The unions have since moved down to asking for four paid sick days, but rail companies remain opposed even as they rake in huge profits and enrich their executives and shareholders. The Lever reported in September that “the CEOs of five of the largest railroad conglomerates have been paid more than $200 million in the last three years, and company shareholders have been boosted by nearly $200 billion in stock buybacks and dividends over the last dozen years.”

Matthew Weaver, a carpenter with BMWED, told The New York Times that Biden’s decision to step in and force workers to accept a contract agreement opposed by a majority of rail union members “seems to cater to the oligarchs.”

“All of rail labor is going to suffer because of this,” said Weaver.

Grooters of Railroad Workers United argued that Congress “should ignore White House shortsightedness and introduce the labor-friendly version of a railroad bill”—but it’s not yet clear whether progressive lawmakers in the House or Senate will attempt to force amendments to the tentative agreement.

Sen. Bernie Sanders (I-Vt.), an outspoken supporter of rail workers, told reporters Monday that any legislation preventing a strike must guarantee workers sick leave.

Citing unnamed sources, CNN reported late Monday that “following House passage, Senate action could occur later this week or next.”

“The Senate is expected to have the votes to break a filibuster on the bill to avert a potential railway strike, according to those sources,” the outlet noted. “There are likely to be at least 10 Republicans who will vote with most Senate Democrats to overcome a 60-vote threshold. The only question is how quickly the bill can come to the floor since any senator can object, dragging out the process and delaying a quick vote.”

“Sources are watching Vermont Sen. Bernie Sanders closely to see if he upends an effort to get a quick vote,” CNN added. “A Sanders spokesman declined to comment.”

Bruce Gerencser, 67, lives in rural Northwest Ohio with his wife of 46 years. He and his wife have six grown children and thirteen grandchildren. Bruce pastored Evangelical churches for twenty-five years in Ohio, Texas, and Michigan. Bruce left the ministry in 2005, and in 2008 he left Christianity. Bruce is now a humanist and an atheist.

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