"Slavery is often portrayed by revisionist historians as somehow antithetical to market capitalism; in reality, slavery was a winning portfolio investment, the very incarnation of just how evil “free-market” capitalism can be. As the authors write:

“If slaves … were an investment included in the asset portfolio of the planter/entrepreneur, they helped satisfy the owner’s demand for wealth. But unlike most other forms of capital, which depreciate with time, the stock of slaves appreciated. Thus, the growth of the slave population continuously increased the stock of wealth.”

What makes this graph so disturbing for us in 2012 is what it suggests about today’s “1 percent” — and how they view the rest of us. It gives form to the brutal crackdown on the Occupy protests — and suggests darker things to come as we try to free ourselves from their vision of civilization, and our place in it."

"NONE of the police officers invited us to disperse or gave any warning. We couldn’t have dispersed if we’d wanted to because the crowd behind us was pushing forward to see what was going on. The descriptor for what I tried to do is “remonstrate.” I screamed at the deputy who had knocked down my wife, “You just knocked down my wife, for Christ’s sake!” A couple of students had pushed forward in the excitement and the deputies grabbed them, pulled them to the ground and cudgeled them, raising the clubs above their heads and swinging. The line surged. I got whacked hard in the ribs twice and once across the forearm. Some of the deputies used their truncheons as bars and seemed to be trying to use minimum force to get people to move. And then, suddenly, they stopped, on some signal, and reformed their line. Apparently a group of deputies had beaten their way to the Occupy tents and taken them down. They stood, again immobile, clubs held across their chests, eyes carefully meeting no one’s eyes, faces impassive. I imagined that their adrenaline was surging as much as mine."

"To attempt to draw a political map of the reconstituted North America is to confront these contradictions head-on. What counts as a nation? How to capture the overlapping spheres of responsibility? What about the areas all but abandoned to wilderness? Does membership confer citizen-hood?"

"So what? Above a certain count, do the numbers even matter? Well, yes. The difference between the two estimates is large enough to change the way we look at the war. The new estimate suggests that more men died as a result of the Civil War than from all other American wars combined. Approximately 1 in 10 white men of military age in 1860 died from the conflict, a substantial increase from the 1 in 13 implied by the traditional estimate. The death toll is also one of our most important measures of the war’s social and economic costs. A higher death toll, for example, implies that more women were widowed and more children were orphaned as a result of the war than has long been suspected.

In other words, the war touched more lives and communities more deeply than we thought, and thus shaped the course of the ensuing decades of American history in ways we have not yet fully grasped. True, the war was terrible in either case. But just how terrible, and just how extensive its consequences, can only be known when we have a better count of the Civil War dead."

"This newspaper has a strong dislike of big government; we have long argued that the main way to right America’s finances is through spending cuts. But you cannot get there without any tax rises. In Britain, for instance, the coalition government aims to tame its deficit with a 3:1 ratio of cuts to hikes. America’s tax take is at its lowest level for decades: even Ronald Reagan raised taxes when he needed to do so.

And the closer you look, the more unprincipled the Republicans look. Earlier this year House Republicans produced a report noting that an 85%-15% split between spending cuts and tax rises was the average for successful fiscal consolidations, according to historical evidence. The White House is offering an 83%-17% split (hardly a huge distance) and a promise that none of the revenue increase will come from higher marginal rates, only from eliminating loopholes. If the Republicans were real tax reformers, they would seize this offer.

Both parties have in recent months been guilty of fiscal recklessness. Right now, though, the blame falls clearly on the Republicans. Independent voters should take note."

"For the GOP to use the debt ceiling to put a gun to the head of the US and global economy until they get only massive spending cuts and no revenue enhancement is therefore the clearest sign yet of their abandonment of the last shreds of a conservative disposition. A conservative does not risk the entire economic system to score an ideological victory. That is what a fanatic does."

"One thing I really would like you to take away from this diary is a basic sense of how the United States, as a self-governing democratic republic, cannot long tolerate oligarchic and aristocratic ideas in its body politic. This is becoming an increasingly urgent issue for us today, because the American conservative movement today is basically a replica of the slavery-defending, anti-free labor, government-hating, insurrection minded, treason-breathing, violently inclined Confederacy. And, I want you to be able to instantly recognize and rebut the false histories that neo-Confederates have created. So, the first material I place before you is an excerpt from an important and emotionally powerful 1995 book, What They Fought For, 1861-1865, a masterful survey and summary of private correspondence from Civil War soldiers and officers, by James M. McPherson."

"Deep-down, the real issue for officials is that they are squeamish that Stack may have scored a rhetorical point or two about elite behavior and oligarchical economic policies in his otherwise unhinged, online rant. Evading the truth makes for bad policies."

"Machiavelli warned that killing a man’s father was a safer course of action than taking his partimony. The American dream has two core precepts: first, that if you work hard, you can do well, and attain at least a middle class standard of living, second that your children can attain a better standard of living than you had. Those are being turned on their head.

I met with a pollster yesterday, and he said he had never seen such a gap in attitudes in beliefs among those in the political elite versus those of the public at large, and he expected bad outcomes. So I’m not certain the news story du jour, courtesy Karl Denninger, would surprise him."

"In Wingnut circles, it’s known as the “Imprecatory Prayer.” Offered not just from select pulpits, but increasingly expressed through tweets and forwarded via email, this decidedly un-Christian Christian subculture has found its most enthusiastic advocates in a few Obama Derangement Syndrome-afflicted preachers—notably Orange County’s Wiley Drake and Arizona’s Steven L. Anderson."

"Finally, the senior NCO said that the private’s rifle was also something else; that because of the biblical quote on the ACOG gunsight it had been “spiritually transformed into the Fire Arm of Jesus Christ” and that we would be expected to kill every “haji” we could find with it. He said that if we were to run out of ammo, then the rifle would become the “spiritually transformed club of Jesus Christ” and that we should “bust open the head of every haji we find with it.’ “He said that Uncle Sam had seen fit not to give us a “pussy ‘Jewzzi’ (combination of the word ‘Jew’ and Israeli made weapon ‘Uzi’) but the “fire arm of Jesus Christ” and made specific mention of the biblical quotes on our gunsights. He said that the enemy no doubt had quotes from the Koran on their guns but that “our Lord is bigger than theirs because theirs is a fraud and an idol”."

"The economic elite have launched an attack on the U.S. public and society is unraveling at an increased rate. You may have missed it in the mainstream news media, but statistical societal indicators are reading red across the board. Let’s look at the top 15 statistics that prove we are under attack."

"I can't tell you how bizarre it is to see arguments I used to hear coming from the mouths of Montana Freemen like LeRoy Schweitzer in the 1990s -- arguments that led to him embarking on an 81-day armed standoff with federal authorities, and resulting in him spending the rest of his natural life in a federal prison -- coming from supposedly mainstream talk-show hosts on Fox News only 13 years later."

"Unemployed per job posting in the top 50 U.S. metros."

"In fact, democracy is in deep trouble in America. The financial crisis has inflicted hardship on a population that does not like to face harsh reality. President Barack Obama has deployed the “confidence multiplier” and claims to have contained the recession. But if there is a “double dip” recession, Americans will become susceptible to all kinds of fear mongering and populist demagogy...."

"And if Tea Party Republicans do win big next year, what has already happened in California could happen at the national level. In California, the G.O.P. has essentially shrunk down to a rump party with no interest in actually governing — but that rump remains big enough to prevent anyone else from dealing with the state’s fiscal crisis. If this happens to America as a whole, as it all too easily could, the country could become effectively ungovernable in the midst of an ongoing economic disaster.
The point is that the takeover of the Republican Party by the irrational right is no laughing matter. Something unprecedented is happening here — and it’s very bad for America."

"Why did these killing sprees begin cropping up in the mid-1980s? When I studied these murders for my book, Going Postal, I traced the roots to Reagan-era economic policies that changed the postwar relationship between employees and companies, and between the middle class and the super-rich. Government regulation of business was reduced, unions were decimated, and a radical new brand of capitalism became a kind of state religion. The trouble began in the U.S. Postal Service, a major government entity suddenly subjected to market forces under President Richard Nixon. He signed a law banning strikes, opening up the USPS to private-sector competition, and mandating that it become profitable by 1983. Not coincidentally, 1983 was the year of the first postal employee-on-employee shooting in South Carolina. A once-comfy government job had transformed into the sort of stressful workplace that the rest of America would soon experience, too."

"Experts on extremist groups say that the outcries of right-wing tea-partiers, death panellers, birthers, and the like are accompanied by increased activity all along the paranoid fringe—from radical border-patrol groups to skinheads to sovereign citizens. Two camps are particularly restive: militia enthusiasts and white supremacists; their members are seething because of the persistence of two wars and the election of a black (and Democratic) president with an ambitious agenda. The previous upsurge of antigovernment activity in the 1990s—of which McVeigh’s attack marked the apex—was set off in part by a recession and the election of a liberal president."

"Such deliberate cluelessness and misrepresentation – it’s unfortunate the U.S. News & World Report will publish nonsense generated by someone who’s clearly only using half a brain."

"And now, not surprisingly, they refer to him and his family as insects -- "unwelcome creatures" infesting the White House that require quick and absolute extermination so that the natural order of things can be restored.

Newsmax should be wary of printing this kind of crap right now, given that just a few weeks ago they rushed, uncharacteristically red-faced, to take down a post which seemed to advocate a military coup against the president of the United States. I'd have to assume its only Pat Boone's status as a walking punchline that's leading them to leave his own bit of eliminationist wishful thinking up on their site for the moment. Regardless of who says it, though, it's wrong to beat the drum this loudly against a sitting president, to show the office -- not simply the man and his family, but the office -- so little respect. "

"But Republicans are playing a dangerous game. They are benefitting from all this anger in the short term, but they have tapped into something deep and ugly that they can’t control. Calling the president a communist or even Hitler is something far beyond simple incivility or street theater—it is an accusation that intentionally stirs the crazy pot. It is ultimately an incitement to violence."

"I get the feeling that both of these unfortunate practices came into play yesterday, when NBC News made the decision to edit out a shocking, inflammatory, and thoroughly revealing comment made by one of the protesters attending the 9/12 Teabagger rally in DC. NBC Nightly News on Saturday evening ran a news package that contained a shot of a woman saying, "We are losing our country, we think the Muslims are moving in and taking over." But when the story was posted online, that comment was edited out and replaced with the infinitely less insane and racist, "I'm scared to death for my country. I believe Obama is running this country into the ground.""

"Are we back now today to a republic in which the only citizens asked to display civic virtue and sacrifice are the 1 percent of Americans who serve their country in uniform? How many of the other 99 percent of us take the time and effort to be good citizens, to make sacrifices — even the modest sacrifice required to understand the issues of the day in all their complexity? If not — if, as in the antebellum United States, we assume that our political judgments are sound merely because we are common people and we have an opinion, and that bumper sticker political philosophy is all that is required of us, then we would do well to remember the fragility of our democracy. It failed once, and that failure was retrieved only by the sacrifice of 620,000 Americans. At any given time, our democracy is only a generation away from failing once again. Thus every generation is responsible for maintaining, protecting, and promoting the republic."