JULY 2009 READING SCHEDULE
United for Peace of Pierce County (WA)
DIGGING DEEPER meets every Monday from 7:00 p.m. to 8:30 p.m. at the Mandolin Café, 3923 S. 12th St., Tacoma, WA.
July 6, 2009: DIGGING DEEPER LXXXVI – Mark Rudd
Mark Rudd, Underground: My Life with SDS and the Weathermen (William Morrow, 2009). — “[H]onest and funny, passionate and contrite, meticulously researched and deeply philosophical: an essential document on the '60s. While the author hasn't resolved all the contradictions inherent in his old urban-guerrilla guise, he confronts them admirably, ready to acknowledge the worst in himself. . . . Rudd was radicalized soon after his arrival at Columbia University in 1965. . . . Expelled from Columbia, Rudd became a full-time SDS organizer, preaching antiwar radicalism across the nation . . . [In June 1969] Rudd and a few hardened comrades -- among them Bill Ayers, whose early support for Barack Obama became an unlikely issue in last year's presidential campaign -- broke away to form the Weathermen. . . . [Rudd] is left today with considerable regret that he either took part in the madness or stood idly by, like a good German. The most wrenching scenes in Underground depict the suffering of the author's beloved parents, simple, hard-working people . . .” —Washington Post.
July 13, 2009: The 2nd annual BASTILLE DAY LUAU @ Leilani’s
July 20 & 27, 2009: DIGGING DEEPER LXXXVII – The financial crisis—what happened?
John Bellamy Foster and Fred Magdoff, The Great Financial Crisis: Causes and Consequences (Monthly Review Press, 2009). “Those of us who are dissatisfied with the analyses of the financial-economic meltdown of 2008 that attribute it to easily remediable ‘mistakes’ on the part of financial institutions, regulators, or policy-makers can learn a lot from John Bellamy Foster and Fred Magdoff’s The Great Financial Crisis: Causes and Consequences. Foster and Magdoff follow up the theses of Paul Sweezy, Paul Baran, and Harry Magdoff that diagnose the structural problems of U.S. capitalism in its chronic tendency toward stagnation rooted in inadequate business investment and leading to slow growth, unemployment of labor, and low utilization of capital. This book makes the case that the excesses of financialization and the widening inequality of income distribution are themselves indirect effects of stagnation in the real economy, and explains with sobering clarity why the roots of this crisis may turn out to be deep and difficult to address with conventional policy measures.” -- Duncan K. Foley, New School for Social Research.
Lawrence E. Mitchell, The Speculation Economy: How Finance Triumphed over Industry (Berrett-Koehler, 2007; paperback 2008). “American businesses today are obsessed with the price of their stock, and no wonder. The consequences of even a modest decrease can be so dire that some executives would rather damage their corporation's long-term health than allow quarterly returns to fall below projections. But how did this situation come about? When did the stock market become the driver of the American economy? Lawrence E. Mitchell identifies the moment in American history when finance triumphed over industry. He shows how the birth of the giant modern corporation spurred the rise of the stock market and how, by the dawn of the 1920s, the stock market left behind its business origins to become the very reason for the creation of business itself.” —Book description. -- “A fascinating account of the early 20th century emergence of a stock-market-oriented economy.” —Business Week (December 3, 2007).