Connect with us

Editorials

Teen Vogue Shreds ‘Empire’ America: Country’s Values ‘Are White Supremacy and Capitalism’

greenbay

Published

on

Kandist Mallett highlighted the injustices Black people have faced throughout American history in an op-ed for Teen Vogue, condemning American values and stressing the country’s dependence on “white supremacy and capitalism.”

Mallett’s article is part of the Black Canary column, created this year to sound “the alarm against enduring injustice in America.”

She first noted how young the nation is — only on its 46th president — claiming that despite President-elect Joe Biden’s victory, the race was still too close. She also shredded President Donald Trump’s coronavirus response, arguing that he failed to even manage it within his own administration or family.

“Throughout his campaign and into the transition, Biden has positioned himself as a unity candidate. He has said consistently that he would be a president for all Americans, not just Democrats,” she wrote. “Biden is a moderate who courted endorsements from Republicans and is rumored to be appointing some to his cabinet; like President Barack Obama, he will likely try to reach across the aisle to compromise on legislation after taking office. But we learned this lesson during the Obama presidency. Progressive ideas get shafted no matter how sorely they’re needed.”

She went on to lament that progressive ideologies have often been pushed aside, citing the conservative-leaning justices in federal courts, the “crusade” against the Affordable Care Act, and the government’s failure to implement a significant pandemic relief bill.

Mallett later addressed police brutality in the United States and pointed to the roughly 2,000 Black people who have been killed by the police from 2013 to 2019.

“In response to George Floyd’s killing this year, calls to abolish the police received unprecedented attention,” she added. “The efforts were co-opted and pushed aside in favor of more mainstream calls to reduce funding for the police. Yet while the summer’s unrest helped drive Democratic voter turnout, the defund movement is now being blamed for losing Democrats seats in the House.”

Upset that elections often force progressive voters to ditch their ideals and vote for the moderate Democrat, she noted that this year’s president-elect often was framed a the “lesser of two evils.”

“Biden’s call for a “united America” boils down to nationalist propaganda. Americans have never been united, and have been kept apart and pitted against one another by the state,” Mallett added. “From geographic segregation to immigration bans and racist policing, the U.S. has privileged the lives and security of some residents at the expense of others.”

Continue Reading

Editorials

Our Love-Hate Relationship with Gimmicks

greenbay

Published

on

When Jennifer Egan’s novel “A Visit from the Goon Squad” won the Pulitzer Prize, in 2011, much fuss was made over its penultimate chapter, which presents the diary of a twelve-year-old girl in the form of a seventy-six-page PowerPoint presentation. Despite the nearly universal acclaim that the novel had received, critics had trouble deciding whether the PowerPoint was a dazzling, avant-garde innovation or, as one reviewer described it, “a wacky literary gimmick,” a cheap trick that diminished the over-all value of the novel. In an interview with Egan, the novelist Heidi Julavits confessed to dreading the chapter before she read it, and then experiencing a happy relief once she had. “I live in fear of the gimmicky story that fails to rise above its gimmick,” she said. “But within a few pages I totally forgot about the PowerPoint presentation, that’s how ungimmicky your gimmick was.”

The word “gimmick” is believed to come from “gimac,” an anagram of “magic.” The word was likely first used by magicians, gamblers, and swindlers in the nineteen-twenties to refer to the props they wielded to attract, and to misdirect, attention—and sometimes, according to “The Wise-Crack Dictionary,” from 1926, to turn “a fair game crooked.” From such duplicitous beginnings, the idea of gimmickry soon spread. In Vladimir Nabokov’s novel “Invitation to a Beheading,” from 1935, a mother distracts her imprisoned son from counting the hours to his execution by describing the “marvelous gimmicks” of her childhood. The most shocking, she explains, was a trick mirror. When “shapeless, mottled, pockmarked, knobby things” were placed in front of the mirror, it would reflect perfectly sensible forms: flowers, fields, ships, people. When confronted with a human face or hand, the mirror would reflect a jumble of broken images. As the son listens to his mother describe her gimmick, he sees her eyes spark with terror and pity, “as if something real, unquestionable (in this world, where everything was subject to question), had passed through, as if a corner of this horrible life had curled up, and there was a glimpse of the lining.” Behind the mirror lurks something monstrous—an idea of art as device, an object whose representational powers can distort and devalue just as easily as they can estrange and enchant.

Continue Reading

Editorials

Stakeholder vs. Shareholder Capitalism: What Is Ideal Today?

greenbay

Published

on

Haywood Kelly: At Morningstar, we’re proud that our research teams not only operate independently but that our analysts are encouraged to explore ideas and raise contrarian viewpoints. The enemy of any research organization is groupthink. A research organization needs to hire people who aren’t afraid of challenging the status quo and who are always thinking about how to foster a culture where people feel comfortable speaking up and encouraging us all to think harder and sharper.

And we debate just about everything. Is the market overvalued? Should private equity be allowed into retirement plans? What categories are most suited to active investors? How much should an annuity cost? And I’d say one of the hottest areas of debate these days is ESG. Does ESG help or hurt investing performance? What ESG risks are truly material to cash flows? What should be included in a “globe rating,” and on and on.

Within the field of sustainable investing and with it evolving so rapidly, there is really no facet that we don’t debate. And today, we’ve asked a group of researchers from across Morningstar to represent opposing sides of a particular ESG argument. But we didn’t have to look far for one that’s taken centerstage in 2020. 

Continue Reading

Editorials

HILL: The Great Reset

greenbay

Published

on

If you haven’t heard about The Great Reset yet, you will. 

Soon.

Joe Biden’s “Build Back Better” slogan, of which no one knew the meaning or purpose, is a direct lift from The Great Reset Manifesto, let’s call it, concocted by the dreamy-eyed elites of the world who attend annual ritzy, star-studded winter retreats in Davos, Switzerland under the auspices of the World Economic Forum.

“In short” the wealthy elites of the world proclaim to the rest of the world, “we need a ‘Great Reset’ of capitalism.”

To save the world, these elites demand “the world must act … to revamp all aspects of our societies and economies, from education to social contracts and working conditions; …every country… must participate, and every industry, from oil and gas to tech, must be transformed”.

In other words, these elites demand that the entire world embrace socialism; impose much higher wealth taxes, which they will avoid paying, that’s a given; promulgate onerous regulations on banking and industry; and pass massive Green New Deals, which would “only” cost U.S. taxpayers and consumers $93 trillion to implement.

Liberal socialists never say anything about cutting government spending, lowering government regulatory burdens on business and people, getting rid of archaic government programs that have been proven ineffective, or removing legal barriers for people who want to start a business and provide a better life for their family.

Liberal socialists simply believe a lot more government is good. Conservatives don’t. It is pretty much that simple.

Every command issued by Great Reset/One World Government proponents strikes at the core of American individualism. American individualism and self-initiative led to the creation of such ground-breaking innovations as the IPhone, Amazon and Google, nothing close to which has ever been invented under socialist or communist regimes. Wait until the Great Reset dries up American innovation; Millennials and liberals will then see the adverse side of too much governmental control of our economy, then they will be ready for more free market capitalism.

Americans should understandably feel a little queasy when they hear Prince Charles or Canadian PM Justin Trudeau gush about how the COVID pandemic provides the “perfect opportunity” to change everything. Only totalitarians at heart think a pandemic or crisis is “a great time to impose their will on the world.” Hitler took power during the post-WWI economic depression in Germany to “restore the Fatherland,” to name perhaps the worst case in recent history.

Continue Reading

Trending