From rob1cox via Breakingviews: U.S. presidential hopeful Beto O’Rourke has yet to spell out his economic plan. Betonomics would have certain punk-rock edge:
PARIS - Beto O’Rourke is a vessel into which many Democrats are pouring their hopes for the next American president. They are attracted by the vibe of integrity, youthful energy, courage and intellect the Texas congressman emits. He has not, however, offered much in the way of detailed policy: No white papers, no prescriptive manifestoes. He is even elusive on some basic questions, like where he stands on healthcare reform.
MacKaye fronted two seminal bands categorised as independent, or underground, rock during the last two decades of the 20th Century: Minor Threat and Fugazi. As influential as the music he produced was, it was more the ethos MacKaye and his bandmates adopted toward their craft that resonated. Fugazi was effectively a startup from which valuable lessons in governance, business and sustainability might be inferred about the way an O’Rourke administration will approach the American economy.
Though it was essentially MacKaye’s personal philosophy of not drinking alcohol or taking drugs – inspired, ironically enough, by right-wing rocker Ted Nugent’s own abstentions – straight edge became something of a subculture among young punk rockers in the early 1980s. “I saw so many adults who were just such a mess as a kid. And I remember just thinking ‘I don’t want to be a part of that at all. Period,’” MacKaye told a radio interviewer five years ago.
Fugazi also insisted on playing all-ages shows, keeping ticket prices to no more than $5 and selling records for $10 max. In this way, the band created a supportive community, something like the so-called third pillar that University of Chicago economist Raghuram Rajan argues in his new book is needed to sustain capitalism alongside markets and the state. The band didn’t hire roadies and slept on the couches and in the spare bedrooms of friends and fans.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cox: Betonomics would have certain punk-rock edgeU.S. presidential hopeful Beto O’Rourke has yet to spell out his economic plan. Clues abound, however, in the ethos championed by his musical idol, the frontman of the punk rock band Fugazi. Think inclusive, ethical, consumer-friendly and small business over crony capitalism.
Read more »
Perspective | Punk rock, skateboards and self-importance: Beto O’Rourke is a Gen X clicheWhat happens when a walking bundle of stereotypes runs for president?
Read more »
Breakingviews TV: Biogen failThe abandonment of Biogen’s Alzheimer’s drug, which cost it $18 billion in market value, follows the failure of similar efforts by others. It’s a potentially huge market, but a tough one to crack. Rob Cyran explains why investors may have been too...
Read more »
Breakingviews - U.S. floods add new twists to 2020 electionsFrom Breakingviews: Record floods in the Midwest could add new twists to 2020 elections and influence voters in Iowa, which hosts the first presidential contests
Read more »
Breakingviews - China’s majors fill up on gas at the right timeOn Breakingviews – China’s majors fill up on gas at the right time, says cbeddor:
Read more »
Breakingviews - Brexit extension sharpens Britain’s choicesTwelve days in April: the European Union didn’t kick the Brexit can so much as nudge it, says peter_tl via breakingviews. Brexit extension sharpens Britain’s choices:
Read more »
Breakingviews TV: CLSA exitsCLSA’s chief executive has quit just two weeks after its chairman left, sparking speculation of culture clashes between the brokerage and its owner, Citic Securities. Bank mergers are hard. Alec Macfarlane explains why it’s too early to write this...
Read more »
Breakingviews - Uber gets an IPO boost from Middle East dealFrom KarenKKwok and Ginachon via Breakingviews: Uber will pay $3 billion to acquire Middle East rival Careem. It shows the group, which is burning through $1 billion a year, can still spend to grow as it prepares to IPO:
Read more »
Breakingviews - Chaotic Thai result is near investors' worst caseOn Breakingviews – Thailand’s chaotic electoral result is near investors’ worst case scenario, says ClaraMarquesRTR
Read more »
Breakingviews - China’s majors fill up on gas at the right time(Reuters Breakingviews) - China’s oil majors are filling up at the right time. P...
Read more »