“A couple of years ago if you had held a panel about banks at the Left Forum at 10 a.m., nobody would have showed up!” The theater of Pace University, however, was full this morning, and I got one of the very last seats. So, the panelists were asked, should we nationalize the banks or not? Yes, they unanimously answered, with slight divergences. The first one proposed using bailout money to create new, accountable financial institutions; he advocated for “creeping socialism” which, although “disappointing” was actually “heroic under current conditions”: creating economic alternatives to Wall Street economy–changing material relations concretely instead of changing the system first. The second speaker advocated for a not only complete but also permanent nationalization of the banks (not the alan greenspan type, which he called not nationalization but “pre-reprivatization”!) in order to get democratic control of finance and credit–he quoted Stiglitz saying that the neoliberal theory of the efficiency of the private sector had been proven false. He stated that Geithner’s plan was worse than Paulson’s, as, while they had the same objective–Geithner’s plan was more “deceptive” as it delays its financing over several years. Both he and the following speaker challenged the notion according to which banks absolutely had to be bailed out to avoid a complete collapse of the economy, and the “too big to fail” argument. Nomi Prins, the next speaker (a lively, loud, boastful, charismatic young woman, standing out in a born-before-WWII all white male academics panel) “Why would you let something become “too big to fail?”" she asked; plus, AIG could have been left to fail: “the system will collapse argument is simply not true.” She also debunked the myth of the bailout money ultimately coming back to taxpayers in the form of loans: “Goldman Sachs has not intention to deal with any of you.” she told the audience. She advocated for a partial nationalization of the banks: nationalizing the commerical banks (everyday consumer transactions) and for letting “the other parts fail”. She very vehemently condemned the current decisions of the Obama administraion: “Insanity is doing the same thing over and over again expecting different results,” she said, “this is doing worse things each time and getting worse results.”
David Harvey was the last to speak, and all of us groupies in the room (who read his “brief history of neoliberalism” and consider it a gateway drug) held out our breath. He started his speech by saying that even though he was very glad to be part of this panel in front of such a large audience today, he wanted to remind us that for the past 30 years, he and the other few scholars who had argued along similar lines had been systematically marginalized, and that there had been a rising depletion of such scholars through the neoliberalization of academia, and, as a result, he said, we are finding ourselves with “a whole Economics profession that is dominated with people who have no idea what the fuck is going on.” Later, he said that he was seeing a rising generation of grad students that were promising but that for years to come academia would suffer from the vacuum created by the “neoliberal takeover of academics.”
Of course, Antioch comes to mind here, as at many other times in the forum, and especially the role it could take in being a leader in this rise of the left in years to come. About 7 or 8 times this weekend I got very excited, started scribbling frantically in my moleskine notebook about how Antioch could be exactly what this speaker is talking about, and how the story of the nonstop struggle and the rehired faculty and staff could be the beginning of a grand project as the renewed bastion of the left, a think tank for a post-neoliberal world. After a few minutes, though, I tend to remember that this does not seem at all like something that the PTB are even thinking about, and I went on to ask myself if there was, at all, any institution that ever held on to its promises.
So, back to David Harvey, who was using his celebrity status to extend his speech way over the time limit. What else? Wall Street controls part of Congress: as long as this is not changed, little hope for mainstream politics. “Bail out the bank and screw the people is the government’s strategy. We didn’t care when it happened in Mexico but now it’s happening to us.” Harvey is also pissed at how we’re misappropriating Keynes in the discourse about the rescue packages, the G20 etc…. when we’re still evidently operatiing in a neoliberal framework. He called for the left to expand its imagination. He talked about demonetarizing parts of the economy, for example, decommodifying housing completely.

Whenever I go to any leftist gathering, whether it’s an anti-G8 rally, an alter-globalist european symposium or an academic conference, I always feel like running with open arms to every person who crosses my path and shouting “God am I glad to see you!” I usually manage to refrain myself though, but I must say that this time, at the Left Forum, it is particularly hard. First,everybody is evidently in a good mood because of the current wind shift–and quite astonishingly friendly and united–it’s a little bit like Antioch alumni around the the time of the first Business Plan, if you can still picture it. Second, you can tell from the program that we all have a lot in common: panels hold names ranging from Seattle-generation hipster buzzwords (“From the barrio to the barricades: visions for a better world,” “Is another world really possible?”) to more old-fashioned stuff (“Beyond Capital’s Crisis,”"Class struggle and the crisis: from workers to capital and back again” and Marx, Marx, Marx.) There’s also some more specific panels about campus activism, foreign policy, economic development, radical media, latin american examples, anarchy, global warming, race and gender, and yes, here and there, Obama.

By Eva Erickson and Carole Braun

Ever since the Alumni Board’s official decision to move Alumni Reunion to October 2-4, from its usual time in June, Nonstop has been planning the Summer Alumni Festival, whose purpose is to both celebrate Nonstop’s accomplishments and to connect or reconnect Alumni with Nonstop. Much of the specifics of the Festival are yet to be determined, but the plan is to have work projects – such as painting a mural on the back wall of Millworks that parallels the bike path – dinners, and social events. The Festival is scheduled for the 18th through the 20th of June with hopes that the Alumni Board (AB) members will attend some of the events, since they will be in town for their summer meeting. The Alumni Festival could potentially sync well with the AB meeting, because it may have less time to spare in hosting visiting alumni. “The Alumni Board has already discussed having a very business-oriented meeting in June,” said Aimee Maruyama (’96), Director of Alumni Relations and Development. AB member Christian Feuerstein ’94 writes, “I would imagine that parts of our annual meeting are going to be Nonstop events, much as we did with our last AB meeting.”

On Friday, April 3rd, ExCil appointed to the Alumni Board Taskforce Molly Thorton of Class of ’10, staff member Carole Braun and Chris Hill of the Executive collective. The Alumni Board representatives have not been appointed yet. The Taskforce is a result of the March 7th the Alumni Board resolution “to foster collaboration and build consensus with representatives of the key stakeholders… Nonstop, the Board Pro Tem, and the Alumni Board.” The Taskforce was charged to develop the proposal presented by Nonstop to the Alumni Board so it could be presented to the Board Pro Tem. The Pro Tem Board has subsequently declared that they will not be sending representatives to the Taskforce, because “part of the board should not be involved in making a proposal to themselves,” according to Matthew Derr.

Matthew Derr, Community Meeting April 7th

Meanwhile, TAG (Transition Advisory Group) met for the first time Tuesday, April 7th. Appointed by Matthew Derr, TAG currently includes student Jeanne Kay, Community Manager Chelsea Martens, Faculty Jean Gregorek, Executive Collective member Hassan Rahmanian, staff person Joan Meadows, Head of Alumni Relations Aimee Maruyama, Alumni Board member Ellen Borgersen, and Yellow Springs Village Council President Judith Hempfling. At the Tuesday meeting TAG defined its charge: “The Transition Advisory Group will work to facilitate communication between stakeholders in Yellow Springs and in the larger Antiochian community during the transition towards an independent Antioch College. It will advise Chief Transition Officer Matthew Derr for the Pro Tem Board.”