Hard Times Without Studs

by Maireid Sullivan | December 16, 2008 at 10:49 pm
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In the mid-80s I discovered Studs Terkel when I read his moving book "Working" (1974), full title People Talk About What They Do All Day and How They Feel About What They Do. “his legacy lies in oral histories that will inform the generations.”
The following commentary reflects on Studs Terkel's insight into the suffering of workers, going back to the Great Depression of the 1930. The current real estate boom-bust cycle will bring even greater suffering to massive numbers of people, all because the selfish few who control the wealth won't share a small portion of the resources that belong to all of us. Resource Rent, also known as Land Value Tax or Single Tax would see approximately 10% of the value of land and resources paid to government coffers, with no need for taxes on productivity, buildings, etc, e.g. no income or business taxes. This is known as Classical Economics because it was developed over the last 400 years by some of the best brains on the planet. It is still the smartest economic system available to us, but for the tight hold speculators have on us through the neo-classical economic system which promotes the 18 year real estate boom-bust cycles that devastate the economy.

Hard Times Without Studs
by Tom Engelhardt, The Nation–12/12/2008–




On Sunday, I went to a memorial for Studs Terkel, that human dynamo, our nation's greatest listener and talker, the one person I just couldn't imagine dying. After all, the man wrote his classic oral history of death, Will the Circle Be Unbroken? at 89, and only then did he do his oral history of hope, Hope Dies Last. The celebration of his life went on for almost two and a half hours. Everyone on stage had a classic story about the guy, one better than the next, and Studs would have been thrilled that so many people talked at such length about him. But he wouldn't have stayed. Half an hour into the event, he would have been out the door, across the street, and into the nearest bar, asking people about their lives. And the amazing thing is this: they would have been spilling their guts. He could make a stone talk -- and not only that, but tell a story of stone-ness that no one had ever heard before or even imagined a stone might tell. His death is like an archive of what was best in America closing; his legacy lies in oral histories that will inform the generations.

Unfortunately, his remarkable oral history of the Great Depression, Hard Times, may prove all too hauntingly relevant to our moment. In fact, in the midst of the ceremonies, the radio host Laura Flanders pointed out that, in Studs's beloved Chicago, a group of more than 200 workers from United Electrical union local 1110 were sitting in at their factory. After the Bank of America had cut the company off from operating credit, the execs of Republic Windows and Doors shut the plant for good on just three days notice without offering severance pay. The workers responded by demanding some justice and "blocking the removal of any assets from the plant" until they got their "rightful benefits." Shades of the 1930s! As John Nichols of the Nation writes, "[They] are conducting the contemporary equivalent of the 1930s sit-down strikes that led to the rapid expansion of union recognition nationwide and empowered the Roosevelt administration to enact more equitable labor laws. And, just as in the thirties, they are objecting to policies that put banks ahead of workers; stickers worn by the UE sit-down strikers read: ‘You got bailed out, we got sold out.'"

Until this second, who would have predicted such a thing? And who can imagine what version of hard times we will face? All I know is that, if Studs, who made it to 96, to the verge of the historic election of Barack Obama, were alive today, he would have recognized a moment of hope when he saw it and made a beeline for Republic Windows and Doors, tape recorder in hand. He was, after all, a man who knew that anyone can hope in good times, but that, in bad times, to feel hopeful you have to act, you have to take a step, even on an unknown path. And he was a man who also would have taken it for granted that the lives of the workers in that Chicago factory were at least as complex, deep, dark, surprising, fascinating, confusing, and remarkable as any among Washington's elite or the movers and shakers (down) of Wall Street.

The article continues...

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LVTfan

Maireid,

You've put a lot into a single paragraph.  I'm in nearly full agreement. I don't think we should ask those who control our wealth to share all of it with the rest of us -- just the portion that involves natural resources, which are rightly our common property.  They can keep what they've produced, after they've paid us for the natural resources they've drawn from our common stock, and after they've paid full wages to those who contributed to production.

We permit the privatization of that value, and most of us haven't even noticed what it is we give up when we permit that. 

You might appreciate the website at http://www.answersanswers.com/index2.html  (And I look forward to its successor!)



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Maireid Sullivan

Yes, I hardly took a breath in that paragraph, LVTfan. :)

Thanks for expanding upon it so clearly, and at such a leisurely pace. :)

And thanks for the link.

BTW, I've just started curating the Geonomics Channel, and would appreciate your submitting related articles there too- all you need do is add the word "Geonomics" to your usual tags.

I'm new to classical economics. As Frank de Jong said in my interview with him: "Understanding classical economics requires the discipline of a PhD."

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Paschen

I like this Post, it is a very good story and very up to date even though it comes for the past...

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