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Showing results by Nikhil Pal Singh only

But to fixate on racial disparities—whether still open or rapidly closing—misses the point. Writing about white political dispositions in an earlier period, W. E. B. Du Bois argued that postbellum working-class and poorer white Americans received “a public and psychological wage,” withheld from African Americans and other stigmatized racial groups. He meant that whiteness secured certain expectations and assurances of material and social gains, including access to stable wages and a monopoly on public goods. What we are seeing in this moment is not a literal diminishment of white bodies, but the stagnation of these wages of whiteness.White Americans remain political, economic, and psychic beneficiaries of these wages. (Look at most corporate boards, newsrooms, academic departments, and congressional delegations.) But for whites at the bottom, the decline in the standard of living—and even the conditions of livability—is hard to ignore. For them, not only jobs and affordable housing have disappeared; education and clean water can’t be counted on, as they used to be. The sudden reversal in midlife white mortality is just another sign of how deeply the latest phase of capitalism reaches into the lives of the majority of Americans, eroding the pretense and protective covering that whiteness once promised some of them.

The wages of whiteness were generated through black enslavement, expropriation of indigenous land, migration of low-wage laborers from Asia and Latin America, and, following the abolition of slavery, segregated housing, segmented labor markets, and unequal education. Today, these legacies of black subordination produce diminishing returns. Law-and-order policies, and the mass incarceration of black bodies, paid dividends to municipal bondholders, public prosecutors, and prison-guard unions (often the only source of jobs in the towns where prisons dominate). But the same policies also locked up and disenfranchised millions of poor Americans, across the board. Predatory lenders who targeted black home-buyers fueled a housing bubble that, once popped, wiped out the savings of millions of homeowners indiscriminately. More and more poor and working-class people across the color line are being overwhelmed.

—p.104 Morbid Capitalism (101) by Nikhil Pal Singh, Thuy Linh Nguyen Tu 6 years ago

[...] Working under the auspices of Alabama Correctional Industries (ACI), men and women are paid anywhere from 25 cents to 75 cents an hour for their labors. The humming of the textile looms in these prisons is a point of pride for state business boosters: “Alabama’s state prison system faces a wide range of problems, from overcrowding to rampant violence,” reported AL.com. “But one thing its administrators do not have trouble with is coming up with things for inmates to manufacture. From cleaning solutions and clothing to couches and barbecue grills, the list of items made by prisoners who participate in the Alabama Correctional Industries prison work program is long and varied.” In the first eight months of 2017, ACI reported more than $15 million in revenues, including almost $2 million in profits, approximately half of which came from textiles.

Most of Alabama’s prisons were built during the 1970s and saw rapidly rising populations, due in part to stricter drug laws. In the late ’70s, when Tee Jays first opened, Alabama’s state prison population was approximately six thousand; now it hovers at around thirty thousand, 42 percent higher than the national average. African Americans make up less than a third of the state population but more than 54 percent of those incarcerated.

As the textile factories were shuttering, emptying out, or sold off to foreign buyers, Alabama’s prisons were steadily filled to overcapacity. [...]

—p.112 Morbid Capitalism (101) by Nikhil Pal Singh, Thuy Linh Nguyen Tu 6 years ago

SINCE THE 2016 ELECTION, there has been a continuous, perhaps unresolvable, debate about whether deepening economic distress or ingrained racism led many whites to back Trump. Seen from the former empire of cotton in the US South, where surplus was extracted from black bodies, and industrial progress and good wages were allocated to whites who had only their own labor to sell, the notion that there would only be two opposed readings is impossibly simple.

We reap what we sew. Cotton made industrial capitalism possible by feeding the bodies of workers, enslaved and free, into its machine, and by voracious clearing of indigenous lands. At the back end of its historical arc, vulnerabilities that have long sundered workers along racial and national lines ensure that the race to the bottom continues. Sherry wants to fight against this by hanging on to the vestiges of her wages of whiteness, dependent on the subjugation of workers in Central America, prison labor, and the distinction that she posits between herself and other lazy whites.

[...]

If the economic struggles of white Americans like Sherry are now more visible, it doesn’t mean she is specially or inexplicably vulnerable. Her challenges do not make her unique; they make her more like everyone else. To be a working person in America today is increasingly to join the ranks of workers everywhere. Such a realization is perhaps the first step toward generating the forms of collective political will and solidarity to chart a different course. Sherry herself understands that there is little to exempt her from the crisis that has engulfed her town and region. She knows that the ground continues to shift beneath her. “I hope it works out,” she says about Mill Store. But hedging her bets, she adds, “I don’t rule it out that I would go back to sewing, if I had to.”

—p.114 Morbid Capitalism (101) by Nikhil Pal Singh, Thuy Linh Nguyen Tu 6 years ago

Henry Wallace, the secretary of commerce and former vice president, agreed with Stimson, as did Undersecretary of State Dean Acheson (though he later changed his position), but Secretary of the Navy James Forrestal laid down the definitive opposition. “The Russians, like the Japanese,” he argued, “are essentially Oriental in their thinking, and until we have a longer record of experience with them . . . it seems doubtful that we should endeavor to buy their understanding and sympathy. We tried that once with Hitler. There are no returns on appeasement.” Forrestal, a skilled bureaucratic infighter, had made his fortune on Wall Street and frequently framed his arguments in economic terms. The bomb and the knowledge that produced it, Forrestal argued, was “the property of the American people”—control over it, like the U.S. seizure of Japan’s former Pacific Island bases, needed to be governed by the concept of “sole Trusteeship.”

"the property of the American people" bruh that's fucked up

—p.17 Banking on the Cold War (16) by Nikhil Pal Singh 5 years ago

The following year, for example, George Kennan, author of the “containment” doctrine, a protégé of Forrestal, and the single most influential strategic foreign policy thinker of the moment, offered a strikingly candid version of the task at hand, in a classified memo that consciously punctured the universalist ambit of the Truman Doctrine:

We have about 50% of the world’s wealth but only 6.3% of its population. This disparity is particularly great as between ourselves and the peoples of Asia. In this situation, we cannot fail to be the object of envy and resentment. Our real task in the coming period is to devise a pattern of relationships which will permit us to maintain this position of disparity without positive detriment to our security. To do so, we will have to dispense with all sentimentality and day-dreaming; and our attention will have to be concentrated everywhere on our immediate national objectives. We need not deceive ourselves that we can afford today the luxury of altruism and world-benefaction. (emphasis added)

damn, saying the quiet part loud

—p.20 Banking on the Cold War (16) by Nikhil Pal Singh 5 years ago

[...] the possibility of potential alignments between decolonizing nations and Soviet power was far less concrete and worrisome to the United States than the more definite and delineated material losses faced by the United States and the colonial powers with which it had aligned itself—namely, being deprived access to formerly “assured sources of raw materials, markets and military bases.” In other words, the challenge of the future, as Kennan had underlined, was to devise “formulae” to buttress the forms of political authority that sustained economic inequality (at a world scale) in the face of inevitable revolt and revolution against such authority and the social conditions it supported.

—p.24 Banking on the Cold War (16) by Nikhil Pal Singh 5 years ago

Over the next quarter century, fewer than 400 individuals operated the national security bureaucracy, with some individuals enjoying decades of influence. That the top tier was dominated by white men who were Ivy League–educated lawyers, bankers, and corporate executives (often with ties to armament-related industries) lends irony to official fearmongering about armed conspiracies mounted by small groups, let alone the idea that the role of the United States was to defend free choice against coercion imposed by nonrepresentative minorities. This fact, perhaps more than any other, suggests that, as much as the Cold War represented a competition between incompatible, if by no means coeval or equally powerful systems of rule (i.e., communist and capitalist), it was marked by convergences too. The Soviet “empire of justice” and the U.S. “empire of liberty” engaged in mimetic, cross-national interventions, clandestine, counter-subversive maneuvers, and forms of clientelism that were all dictated by elite, ideologically cohesive national security bureaucracies immune from popular scrutiny and democratic oversight.

—p.25 Banking on the Cold War (16) by Nikhil Pal Singh 5 years ago

Despite his grudging admiration for the stolid Truman, Forrestal’s Wall Street background had left him at ease in a more speculative or liquid universe; at that precise moment, he was devising accounting gimmicks to offset near billion-dollar costs of stockpiling raw materials as a “capital item” that could be “removed from the budget.” The important point to emphasize is the relationship between two interrelated forms of speculation and accounting—economic and military—in which an absolute inflation of threats tempted a final break with lingering hard-money orthodoxies and a turn to deficit spending. Forrestal did not live to see the breakthrough, but his work paid off.

As Acheson described it, the Korean War—the first hot war of the Cold War era—“saved” the fledgling national security state. With its outbreak, the dream of eternal military liquidity was realized when Leon Keyserling, the liberal economist serving as Truman’s chairman of the Council of Economic Advisors, argued that military expenditures functioned as an economic growth engine. That theory then underpinned NSC 68, the document that justified massive U.S. defense outlays for the foreseeable future and which was authored by another Forrestal protégé, Paul Nitze. By yoking dramatically increased federal spending to security prerogatives, military Keynesianism thus achieved a permanent augmentation of U.S. state capacity no longer achievable under appeals to Keynesianism alone.

aaaah that is cool

—p.27 Banking on the Cold War (16) by Nikhil Pal Singh 5 years ago

Showing results by Nikhil Pal Singh only