27 September 2008

The Sort of Bailout We Do Need

"To be frank, the administration has a credibility and trust gap as big as that of Wall Street. If the crisis was as severe as they claim, why didn't they propose a more credible plan? With lack of oversight and transparency the cause of the current problem, how could they make a proposal so short in both? If a quick consensus is required, why not include provisions to stop the source of bleeding, to aid the millions of Americans that are losing their homes? Why not spend as much on them as on Wall Street?"
That is Joseph Stiglitz - you know the fellow who won the Nobel Prize for his work on how incomplete or asymmetrical information can flummox markets - suggesting that lack of transparency has gotten us into a mess and that compounding the problem will only exacerbate matters. You can find the rest of the essay here in The Nation. For all the folks out there who insist that we can work our way out of this by simply relying on market corrections Stiglitz offers scant solace; he insists rightly identifies "the underlying causes of the problem: the spirit of excessive deregulation."

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Blogger joanne said...

Dear Jim Johnson: What an excellent blog and terrific, important commentary about k. johnson review of Meiselas on your blog. My colleague, Carol Jaoobsen and I (we are both professors at U of Michigan) wrote a letter today to the editor of the Times. Having struggled to get our comments to fit the required 150 words, I'm all the grateful for the way in which you used your more expansive format. I think you covered many crucial points and did so with extraordinary clarity and attention to the very issues ken johnson so badly misunderstands.Here's our letter:Ken Johnson's anti-intellectual rant on Susan Meiselas' exhibit at ICP shows ignorance of Meiselas' work and commitment, missing, in particular, her insight that photographs often objectify and silence their subjects. For over 30 years, Meiselas has made explicit and public the questions she asks about her role as a photographer and her responsibility to her subject/s, something too few photographers have done.
Meiselas' 1979 book Nicaragua and her 199Os project about the Kurdish people (book, website and archive) are typical of Meiselas: they center entirely on the events and experiences of the subjects in her photographs. She does not point to the risks she took in war or her generosity in devoting her entire MacArthur award to the creation of pictorial cultural history for the Kurdish people.
It is hard to understand publishing a review that so completely misses the power and significance of Susan Meiselas’ work at the ICP.
joanne leonard

29 September, 2008 10:19  

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