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New Royal Role Expands Gatlin’s Push for Africa–Los Angeles Trade Ties

On June 15, civic leader Joe Gatlin, who serves as the Harbor Area commissioner on the Los Angeles City Planning Commission, announced that he had been appointed king and named royal ambassador for Pan-African cooperation, investments and partnerships by Queen Pamela Angwech Judith of the Lutto Royal Kingdom, which is based in northern Uganda.

The appointment entrusts Gatlin with a global mandate to advance Africa’s development through international collaboration. According to the proclamation, the appointment reflects the kingdom’s commitment to fostering strategic partnerships that promote economic growth, innovation, trade and investment across the African continent.

Operating from California while serving worldwide, Gatlin is tasked with representing the Lutto Royal Kingdom in efforts to strengthen ties between Africa and the international community. His responsibilities include cultivating relationships with investors, philanthropic organizations, corporate leaders, academic institutions, development agencies, innovation networks and logistics partners, including the Port of Los Angeles. Through those connections, he is expected to help mobilize resources, encourage sustainable development and expand Africa’s access to global markets.

The proclamation states that Africa’s future depends on cooperation, transformative investment and shared prosperity. By establishing the ambassadorial role, the Lutto Royal Kingdom seeks to position Africa as a leading destination for enterprise and innovation while creating opportunities for future generations.

The appointment comes two years after Gatlin organized a visit by a royal delegation from Nigeria’s Delta region to the Port of Los Angeles.

The delegation, led by Ogiame Atuwatse III, the olu of Warri, along with leaders from the African Diaspora Foundation and Aivlys LLC, met with Port of Los Angeles Executive Director Gene Seroka. Seroka said the discussions focused on trade relationships and friendship.

Gatlin, CEO of Gatlin Enterprises and chairman of the U.S. section of the African Diaspora Foundation, played a key role in connecting the port director with the Nigerian royal delegation. During a harbor tour, Gatlin discussed the potential for expanded trade relationships between Nigeria and the Los Angeles Harbor region.

At the time, Gatlin said increased trade would benefit both Africa and the local economy.

“The imports from the continent will mean more job opportunities for our community. It’ll bring millions to our port,” Gatlin said. “One of the reasons I’m so excited about this is that it will help our entire community.”

Today, Gatlin said his work includes engagement with more than 50 kingdoms across 11 African countries.

Gatlin has long envisioned growth in waterfront employment as trade links between Los Angeles and Africa expand.

“Every union on the waterfront will increase its membership, sometimes even doubling its membership,” Gatlin said. “I want to make sure our people are ready for that, that they’re trained for that. They should go to school to become welders or learn whatever skills are needed. This is going to have a huge impact on our community.”

photos from the edge 34 – Picking The Colonizers’ Vegetable

 

A farm worker finishes pulling the sprouts from a stalk, Watsonville, CA. All photos: David Bacon

By David Bacon

The Bittman Project – June 17

https://bittmanproject.substack.com/p/picking-the-colonizers-vegetable

 

On a cold November day, a crew of Mexican migrant workers were picking Brussels sprouts on a ranch outside of Watsonville. One picker would embrace the top of each long stem, pulling it close to his chest, while his hands ran down the stalk, pulling the sprouts loose where they’d land neatly into his bucket. Others used different techniques. Often a worker would grab the plant at the bottom, where its leaves were as big as faces, and then simply yank the sprouts off.

A farm worker pulls Brussels sprouts from a stalk and tosses them into a bucket.

Much of farm work is paid by the piece, ensuring that workers produce at an often demonic pace. Workers in this field, however, were paid by the hour. As arduous as their labor was, they could work with a certain dignity.

The loader watches as a worker moves from one plant to another.

Once each bucket was full, the picker carried it to a trailer, handing it off to the loader, who’d toss the small green heads into big white bins. Much of farm work is paid by the piece, ensuring that workers produce at an often demonic pace. Workers in this field, however, were paid by the hour. As arduous as their labor was, they could work with a certain dignity. They walked to the truck to empty their buckets, instead of running.

The loader grabs the bucket as the worker hands it up.

In the Ohlone Elementary School across the road from the field, Jenny Dowd, a bilingual teacher, led her unruly class of 8 and 9 year olds in a song to help them learn to read. Her kids were the children of farmworkers, some perhaps of the men cutting the Brussels sprouts nearby.

Teacher Jenny Dowd helps students, many of them from Mixtec families, learn the words to a song at Ohlone Elementary School.

The California coast, from Davenport south through Santa Cruz, Watsonville, and Castroville, is Brussels sprouts country. Most of this vegetable in North America comes from these fields, although a growing harvest now takes place in Baja California, in northern Mexico. In California the vast majority of the people who harvest Brussels sprouts, like those who pick other crops, are Mexican. Most are migrants from the states of southern Mexico—immigrant workers who’ve crossed the border to labor in these fields.

Maria Juarez and her sister Clarita take a nap at a day care nursery school program run by Migrant Head Start. Children of migrant farm workers, many of them from Mixtec families from Oaxaca, get their first school experience here.

Indigenous migrants have created communities all along the northern road from Mexico to the US and Canada. Their experience defies common preconceptions about immigrants. US policy treats migrants as individuals, ignoring the social pressures forcing whole communities to move, and the networks of families and hometowns that sustain them on their journeys.

Anay and Nayeli Ramirez play with their dogs outside the trailer where they live with their parents, Marcelino and Francisca Ramirez. Their parents are Triqui migrant farm workers.

In the current wave of deportations, parents without papers often have to leave behind their children born in the US, like the children in the Ohlone Elementary School. Sometimes this arbitrary Alice-in-Wonderland world does just the opposite, deporting undocumented young people who have no memory of the place they were born, but to which they find themselves forcibly relocated.

A Mixtec family from San Martin Peras sleeps and cooks in a colonia outside Watsonville.

“The seasonal nature of farm work, the racism justifying exploitation, and the lack of social investment in in rural communities conspire to built obstacles almost impossible to overcome.”

Without the labor of these families, there would be no Brussels sprouts on the table, but it is not labor that guarantees a good life. Gaspar Rivera-Salgado, a Mixtec professor at UCLA, points out, “A job in the fields in California, Oregon, or Washington is not a guarantee for escape from a precarious life. Migrating north is no longer a means to achieve economic mobility, if it ever was. At least for this generation, it is hard to imagine any exit. The seasonal nature of farm work, the racism justifying exploitation, and the lack of social investment in in rural communities conspire to built obstacles almost impossible to overcome.”

Today the people picking in this field may be immigrants to the U.S., but in a longer historical view, they are the descendants of Indigenous people whose presence in North America predated Columbus and the arrival of the Brussels sprouts by thousands of years. Now they cross the border between Mexico and the U.S. as migrant workers, many speaking Indigenous languages as old, or even older, than those of the colonizers—Mixtec, Triqui, or Nahuatl. In the soft conversations among the workers of this picking crew, you can hear those languages mixed with that of the Spaniards.

Tossing the Brussels sprouts into the bucket.

Many people love Brussels sprouts, and serve it for dinner on the U.S. Thanksgiving holiday. Native people in the U.S. point out that Thanksgiving celebrates the beginning of the European colonization of north America, which drove them from the lands where they lived historically. The Brussels sprouts came with the colonizers. While the Romans probably grew and ate them, the first plants came to this continent with the French to the colonies of Quebec and the Atlantic seaboard.

The leaves on the plants are as big as the worker’s face.

Brussels sprouts may be a colonizers’ vegetable, but it has many healthy properties. It contains sulforaphane and indole-3-carbinol, both of which are believed to play a role in blocking the growth of cancer. In yet another irony, in non-organic fields, picking crews often get exposed to the agricultural chemicals that are one important cause of the explosion of cancer in the U.S. Farm workers get much higher doses than the supermarket patrons who buy the produce they pick.

A worker walks with his bucket to the loader.

Putting the food on the table is really one of the most important jobs people do, and one that gets the least acknowledgement and respect.

But it’s a job. Putting the food on the table is really one of the most important jobs people do, and one that gets the least acknowledgement and respect. So the next time you decide on Brussels sprouts for dinner, first, don’t boil them. It removes those healthy anti-cancer chemicals. And don’t overcook them either—that’s what produces the sulfur taste many people don’t like. But then, when they’re out there on the table, remember who got them there.

Workers in a field of Brussels sprouts.

Padilla, Senate Democrats Demand USPS Abandon Plan to Carry Out Trump’s Illegal Executive Order Restricting Vote by Mail

WASHINGTON, D.C. — U.S. Senators Alex Padilla (D-Calif.), Ranking Member of the Senate Rules and Administration Committee and California’s former Secretary of State, Gary Peters (D-Mich.), Ranking Member of the Homeland Security and Governmental Affairs Committee, and Senate Democratic Leader Chuck Schumer (D-N.Y.) led the entire Senate Democratic Caucus in demanding the United States Postal Service or USPS abandon its proposed rule to implement President Trump’s unconstitutional executive order or EO to restrict voting by mail.

Padilla, Peters, and Schumer previously led a group of colleagues in urging USPS not to carry out Trump’s EO, which would force states to submit absentee voters’ information to the Postal Service for the creation of a federal mail-in voter list. USPS did not respond to that letter and has now issued a proposed rule that would ultimately allow the Postal Service to determine whether millions of Americans can receive and cast ballots through the mail.

In a letter to Postmaster General David Steiner and the USPS Board of Governors, the Senators warned that the proposed rule would create a federally controlled national list of absentee voters, raising serious concerns about potential misuse and abuse. President Trump’s unconstitutional EO and USPS’s illegal draft rule have come as Trump’s demands to ban vote-by-mail in the so-called SAVE America Act have failed to advance in the U.S. Senate.

“We write for a second time regarding the unconstitutional and illegal attempt to transform the United States Postal Service into an election administration agency controlled by the White House and President Trump,” wrote the Senators. “In April, 37 senators wrote to you after President Trump issued his Executive Order directing USPS to issue a rule to establish compulsory specifications for election mail and create a master absentee voter list of millions of American voters – with the power to refuse to deliver their ballots.”

“Despite these grave and serious legal deficiencies, on June 2, 2026, USPS published a proposed rule that, if finalized, would establish President Trump’s control over federal elections and allow USPS to adjudicate who can and cannot vote by mail,” continued the Senators. “This proposed rule risks disenfranchising millions of voters. We again insist that you follow the law, refuse to implement President Trump’s Executive Order, and withdraw this presidentially-directed proposed rule.”

In court filings, the Trump Administration has acknowledged that the Department of Homeland Security or DHS is already in discussions with USPS about potentially comparing the list to DHS datasets. The Senators raised concerns that combining USPS data with unreliable federal records could lead to eligible voters being disenfranchised, or voters and election officials being unfairly targeted for investigation.

“Ultimately, the proposed rule seeks to create a centralized national absentee voter database with individualized barcodes connected to the voters’ names under the control of the President that contains the voting information of millions of Americans,” wrote the Senators. “That information would be ripe for potential abuse or improper disclosure potentially imperiling the integrity of American elections.”

“Accordingly, we insist that the Postal Service abandon this proposed regulation and return to its core mission of providing universal postal services to every American. The Constitution and federal law demand nothing less,” concluded the Senators.

Details: Full letter is available here

Port of LB Briefs: $1.05 Billion Annual Budget Approved and Cargo Rises in May

 

More than $1 Billion Approved to Power Port of the Future

The Long Beach Board of Harbor Commissioners has approved a $1.05 billion annual budget for the Port of Long Beach, which is at the center of one of the busiest logistics hubs in the world. Approximately 55% of the port’s spending is tied to capital investments in rail, zero emissions, technology and other improvements designed to efficiently handle growing cargo volumes while minimizing environmental impacts.

Budgeted spending for the 2027 fiscal year, which begins Oct. 1, is 28.6% more than estimated spending in the 2026 fiscal year. The variance reflects a 53.7% increase in capital expenditures compared to the prior year, to $571.8 million, as work accelerates on delivering the Pier B on-dock rail support facility, the port’s largest project. The boost in spending is also aligned with delivering the infrastructure necessary to realize Port of Long Beach CEO Dr. Noel Hacegaba’s 2050 vision to double cargo to 20 million containers annually by midcentury while becoming the first zero-emissions port in the world. The 10-year, $3.3 billion capital improvement program is the largest of any port in the nation.

Next year’s budget also includes $54 million in Clean Trucks Program subsidies to support truck drivers and trucking companies as they transition to zero-emissions, heavy-duty drayage trucks.

“This budget sends a strong signal to our supply chain partners that we are bullish on the future and committed to doubling our cargo capacity by 2050,” Hacegaba said. “Our industry-leading $3.3 billion capital improvement plan will help us get there as we transform our operations and build the Port of the Future.”

Pier B broke ground in July 2024. The project will triple the port’s on-dock rail capacity and trim the time it takes to move cargo from ship to rail from four days to 24 hours, enhancing the efficiency of moving goods in Southern California and the entire U.S. supply chain. Individual construction projects are underway, adding benefits upon completion, with the facility expected to be finished in 2032.

In late summer, the Long Beach City Council will consider approval of the budget. It includes a $28.7 million estimated transfer to the city’s tidelands operating fund, supporting quality-of-life projects along Long Beach’s seven-mile coastline that have improved shoreline safety, cleanliness, water quality, facilities and other amenities.

Operating revenue is estimated to be relatively flat at $577.9 million, 0.6% higher than last year. Recognized for its strong market position and financial resiliency, the Port of Long Beach holds exceptional credit ratings of AA+ from S&P Global Ratings and AA from Fitch and Moody’s Ratings.

 

Port of Long Beach Cargo Shows Double-Digit Growth

The Port of Long Beach handled the most cargo in North America with double-digit growth in May, demonstrating resiliency in the face of tariffs and geopolitical uncertainty, Port CEO Dr. Noel Hacegaba announced Tuesday during his monthly Supply Chain Insight media briefing.

Last month, dockworkers and terminal operators handled 842,030 twenty-foot equivalent units (TEUs), up 31.7% from May 2025, making it the port’s third-busiest May on record.

Imports rose 40% to 418,851 TEUs, exports rose 32.9% to 109,168 TEUs and empty containers were up 21.8% to 314,012 TEUs.

The Port of Long Beach has processed 4,050,247 TEUs through the first five months of 2026, up 0.2% compared to the same period last year, putting the port on pace with its record year in 2025.

According to Hacegaba, rising fuel costs, tariff uncertainty and geopolitical concerns are all contributing to expectations for an earlier peak shipping season – a busy summer with higher-than-normal cargo volumes anticipated in July and August. Companies are trying to stay ahead of potential cost increases and avoid delays later in the year.

Port of Long Beach Approves $58 Million for Clean Technology

 

The Port of Long Beach June 22 authorized $58.2 million to purchase and deploy additional zero-emissions, human-operated cargo handling equipment, cleaner harbor craft and a zero-emission locomotive.

The Long Beach Board of Harbor Commissioners approved the expenditure, part of a larger grant from California’s State Transportation Agency for System-Wide Investment in Freight Transport (SWIFT). This initiative is designed to lead the deployment of the cleanest technologies, support goods movement efficiency and reduce environmental impacts on neighboring communities.

The investment will allow tenants and operators to:

  • Acquire 61 units of zero-emission, human-operated cargo-handling equipment, along with 21 chargers to power them;
  • Deploy six zero-emission and five cleaner harbor craft that displace older diesel engines;
  • And advance one zero-emission locomotive.

“The Port of Long Beach continues to invest in zero-emission infrastructure and deploy a suite of incentives for early adopters of these technologies,” said Long Beach Harbor Commission President Frank Colonna. “This latest round of funding builds on the Port’s broader SWIFT program, which is accelerating the transition to zero-emission operations while improving the reliability and efficiency of cargo movement.”

LA County Offers Free Human Rights Assistance During the 2026 FIFA World Cup

LOS ANGELES — The Los Angeles County Commission on Human Relations or HRC has partnered with the Los Angeles World Cup 2026 host committee to provide free confidential services provided by 211LA for anyone who experiences hate, discrimination, or any other violations of human rights. This initiative promotes awareness of civil and human rights protection while creating a one-stop/no wrong door access to resources and remedies before, during, and immediately after the World Cup.

Media assets, including graphics, advertisement photos, and videos may be found here.

“The County’s Commission on Human Relations has always played a vital role in raising awareness and informing the public on civil and human rights protections in our region,” said Los Angeles County Board Chair and First District Supervisor, Hilda L. Solis. “As Los Angeles County continues to welcome the world and the FIFA World Cup to our region, it’s important residents and visitors have access to resources like 2-1-1 that is easy, safe, and confidential. We firmly stand against hate, and stay committed to ensuring our communities can safely reach out for support, resources, or remedies while partaking in the excitement and cultural celebrations of the World Cup.”

The LA County human rights reporting line builds on the 211LA LA vs Hate system, providing multilingual and confidential help from Care Coordinators. The Care Coordinators are trained to engage the caller via one-on-one active listening and to provide warm referrals and wrap-around services, support, and remedies.

Free assistance is available by dialing 211, visiting www.211la.org/humanrights, or emailing human.rights@211LA.org. As with LA vs Hate, all who contact 211 LA are entitled to support, regardless of immigration status, and they can remain anonymous while keeping their report confidential.

In addition, the Los Angeles County Commission on Human Relations and LA vs Hate will host community activations at Fan Zones and public watch parties throughout June and July. These engagements will help educate residents and visitors about available resources, reporting options, and pathways to support across the county.

The collaborative effort is intended not only to support FIFA World Cup 26, but also to strengthen long-term human rights protection infrastructure and coordination ahead of future major events in the region, including Super Bowl LXI in 2027 and the Los Angeles 2028 Olympic and Paralympic Games.

CD15 Polcy Update on POLA Public Access Investment Plan

 

SAN PEDROCouncnilman Tim McOsker June 17 introduced a motion to strengthen accountability and transparency for the Port of Los Angeles’ Public Access Investment Plan or PAIP. Established in 2015, the PAIP is a commitment by the Port to reinvest a portion of its revenues into Harbor Area communities through waterfront access improvements, public infrastructure projects, environmental enhancements, and community-serving amenities. The motion requests a comprehensive implementation plan for all active PAIP projects, including project schedules, funding allocations, construction timelines, and potential barriers to completion.

“As we prepare for the 2028 Olympic and Paralympic Games, it is critical that these investments move forward in a timely and coordinated manner so that Harbor Area residents continue to benefit from the Port’s success and these improvements are delivered as promised,” said McOsker.

Beatrice Hsu Joins the Los Angeles Harbor Commission

 

LOS ANGELES – The Los Angeles Board of Harbor Commissioners recognized and welcomed its newest member, Beatrice Hsu, a long-time real estate executive and community leader. Hsu was appointed to the five-member Harbor Commission by Los Angeles Mayor Karen Bass and confirmed by the Los Angeles City Council on June 16. The Harbor Commission oversees the management and operations of the Port of Los Angeles.

“Bea Hsu has the experience, leadership and commitment to Los Angeles to serve on the Harbor Commission and continue the important work happening at the Port of Los Angeles,” said Los Angeles Mayor Karen Bass. “As an economic engine for our city, region and country, our Harbor Commissioners play an important role in executing a forward-looking vision that keeps the Port competitive in the global economy. I’m confident that Bea Hsu will help achieve that goal.”

Hsu is the founder and principal of BCH Group, a provider of independent advisory services in real estate strategy, investments and development. She also serves as the board director and is the founding CEO of Builders Alliance, a non-profit organization established to accelerate home rebuilding and community recovery following the January 2025 Los Angeles wildfires. In addition, she is a board member at the James Campbell Company, a privately-held real estate firm headquartered in Hawaii.

Her prior experience includes service as a board member, board president and interim CEO for Los Angeles World Airports; executive vice president of development for Brookfield Properties in Los Angeles; and senior vice president, development and forward planning at Related California, a Los Angeles-based real estate firm specializing in urban infill development, including affordable housing, mixed income housing, public-private projects and commercial mixed-use development.

Hsu began her career as a senior legislative deputy for then Los Angeles city council president Eric Garcetti. She earned bachelor’s degrees in both political science and history at Yale University, and was a public affairs fellow at CORO Southern California.

Hsu replaces John A. Pérez, who resigned from the Harbor Commission to take a seat on the City of Los Angeles Fire Commission.

It’s Possible to End Corporate Influence in Politics

There’s more money in politics than ever. But some state governments are finding ways to fight back.

June 11 Other Words

By Sonali Kolhatkar

More than 15 years ago, the Supreme Court removed limits on corporate political spending in its notorious Citizens United decision, ushering in an era of unprecedented influence by moneyed interests.

As a result, a small group of ultrawealthy donors have skewed the political system to their advantage — and today, social scientists link the growing gap between rich and poor to that seminal 2010 decision.

Federal attempts to overturn the ruling by amending the U.S. Constitution or legislating against corporate spending have repeatedly failed. But now several states are experimenting with new ways to get this flood of corporate money out of politics.

The state of Hawaii just passed a first-of-its-kind law redefining corporations as entities that aren’t allowed to spend money in elections anywhere within the state. The effort could kick off a powerful state-by-state pushback that succeeds where federal efforts failed.

This simple idea is the brainchild of Tom Moore, senior fellow for democracy policy at the Center for American Progress. “It’s not regulation; it’s redefinition,” Moore told me. “States create corporations, and they give powers to all the corporations that operate within their states.”

So if the federal government and the Supreme Court enable corporations to influence elections, states can counter that merely by changing the definition of a corporation. And that’s precisely what Hawaii did. Effective starting July 2027, corporations doing business in the state are redefined to “not include the power to spend money or contribute anything of value to influence elections or ballot measures.”

The novel approach is well-protected against legal challenges. Moore explained that, “the Supreme Court has said consistently for 200 years that [the power to define corporations] is a matter of state law, that the federal courts don’t have anything to do with that.”

The impact of this on Hawaii’s politics are likely to be monumental. “Basically, in Hawaii politics, local, state, and federal, every dollar that’s spent will be from an individual human being,” said Moore. “It’ll be disclosed, it’ll be voluntary. And that is a gigantic difference from what we have right now.”

Hawaii’s law doesn’t overturn Citizens United — it makes the 2010 ruling meaningless within its borders.

Residents of Montana are pushing a similar effort. Activists there are gathering signatures to place a measure on the November ballot to similarly redefine corporations so they can’t spend money in elections. If the measure passes, it will go into effect in January 2027, six months before Hawaii’s law takes effect.

In fact, according to Moore, Hawaii’s legislators borrowed the language for their bill from Montana’s ballot measure and sped it through their legislative process, pleasantly surprising advocates. Moore is confident the Montana effort will succeed. “They’re in very, very good shape, they’re incredibly well-organized,” he said.

At least 14 states, including New York and California, are currently considering similar bills, and Hawaii’s new law prompted interested lawmakers from two other states to contact Moore. “We’ve had outreach from folks in almost every state,” he said. Given the fact that it’s been less than a year since Moore first published his idea, the speed at which it’s caught on has been remarkable.

Curtailing corporate influence on the political system is essential at a time when corporations are thriving while ordinary Americans struggle to make ends meet. “At the end of the day, corporations don’t actually work for their shareholders, they work for us because we create them through our legislatures, through our laws,” said Moore.

“And if corporations are doing something in our state that we don’t like, we have the power as citizens and working through our legislators to do something about that.”

Previously Published on otherwords.org with Creative Commons License

Alan Greenspan, Ayn Rand Cult Insider, Helped Destroy The World

 

There are two novels that can change a bookish fourteen-year old’s life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.” — John Rogers, Screenwriter

Alan Greenspan, who died at age 100 on June 22, served 18+ years as Chair of the Federal Reserve, presiding over a period when wealth inequality increased dramatically, along with speculative bubbles, ending in a worldwide recession whose aftermath led to a fascist resurgence.

In the early 1950s Greenspan became a member of Ayn Rand’s “Collective,” to whom she read drafts of “Atlas Shrugged” as she was writing it. The book denigrates altruism, celebrates selfishness, and argues that government’s only proper functions of government is to protect individual rights via the police department, the army and the courts (”to settle disputes by rational rules, according to objective law.”)

On publication,Greenspan defended the book, writing, “‘Atlas Shrugged’ is a celebration of life and happiness. Justice is unrelenting. Creative individuals and undeviating purpose and rationality achieve joy and fulfillment. Parasites who persistently avoid either purpose or reason perish as they should.”

By his own account, Greenspan was “a free enterpriser in the Adam Smith sense – impressed with the theoretical structure and efficiency of markets,’ when he met Rand, but “What she did… was to make me think why capitalism is not only efficient and practical, but also moral.”

In an essay he wrote for Rand’s magazine, The Objectivist, “Gold and Economic Freedom,” Greenspan falsely claimed that the pre-World War I gold standard banking system only suffered short-lived recessions, “and the economies quickly reestablished a sound basis to resume expansion.” In reality, the “panics” as they were called, of 1837 and 1873 lasted seven and six years respectively. Greenspan then blamed the Federal Reserve for the severity of the Great Depression.

So it was ironic that he not only went into government—with Rand’s active encouragement—but then instituted policies as Federal Reserve chair that protected reckless investors, producing several bubbles, culminating in the housing bubble that burst shortly after he left office.

Afterwards, he told a House committee “I found a flaw in my model of the world.”

A flaw, he said, as though it were a leaky pipe, not a total collapse of the intellectual architecture that anointed him Oracle,” former Greek Finance Minister Yanis Varoufakis wrote on X. “For decades, he preached that the self-interest of the predator was the invisible hand of the common good.” When he did admit his error, “He did not, of course, admit to culpability. That would require a moral compass, a device notably absent from his Ayn Randian toolbelt. No, he merely noted the flaw, as a meteorologist might note a gust of wind.”

Greenspan’s behavior over six decades was perfectly consistent with cult membership: he was impervious to facts that went against the cult’s beliefs, blind to contradictions in Rand’s and his own actions, and dismissive of any moral fault when finally had to admit some mistake in the face of overwhelming public evidence—the worst economic catastrophe since the Great Recession, which in turn laid the groundwork for the ongoing resurgence of fascism, not just here in America, with Donald Trump, but across the globe.