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Re: Levy Institute & the forces of evil
On Thu, 28 Sep 1995, Doug Henwood wrote:
[A story of the Levy Institute and its liberal concerns
coupled with a story of the origins of its endowment and the
behavior of one of its founders up to the current day; behavior
which in the absence of a defense based on fact, appears to be
selfish beyond necessity and certainly not in accord with what
the Institute preaches.]
>
> One of the Levy fils, Leon, co-runs an investment firm called
> Odyssey Partners with Jack Nash.
> ... ________________________________________________________
You know when you see a movie or read a book that
is set in your own home town and may cover people
and places you know for real, the experience is
special.
Leon and I are the same age. We were neighbors,
classmates and casual friends. He wore rather thick
glasses and was an "earnest" type. He must have been
much richer than I was, but I never knew it. We did
not visit each other's homes.
What was very interesting is that at around the
age of 14 he used to say his Dad had proved that
capitalism could work.
My Dad, who had been through insolvency, disappear-
ance, return to try again, repeated failure, and
at the time was making yet another temporary comeback
in a savings and loan, was not sure his Dad, (whom mine
never met), was right.
My Dad had read a great deal of history, voted once for
Norman Thomas, and was an ardent New Dealer. Leon's
conviction the depression would pass was alien to my
thought. I thought only government could cure it.
I used to argue with Leon over this. But the arguments
lacked detail.
Now Leon is rich and I'm content with a modest pension
and home. The coherence which my Dad and I knew was
lacking before government contracts provided it, is
still not achieved. The destructive part of our system
of constructive-destruction has ruined the places I
knew in my young teens.
The issues involved with Leon's restaurant may be very
complicated. I do not judge him on any of the story,
although he may be at fault.
I do judge the Congress and myself. We have not done
our job. I was trained to be an accountant from the
largesse of the people of the State and City of New York
at City College. (The years CCNY won both the NIT and
the NCAA basketball tournaments.) I was trained to be
a lawyer from the largesse of the people of the United
States under the GI Bill at Columbia University.
Althouhg since 1984 I have waged an unsuccessful campaign
to make the system coherent, before that time all I did
to make things better was to vote the Democratic ticket
and agree with Jamie Galbraith's father's every word.
The vote was often futile. The agreement never.
Leon endowed a liberal institute that employs PHD's whose
profession is to do that at which my amateur efforts have
failed.
Another memory of New York: Colin Powell's book tells
the story of his (and my) ROTC unit at City College.
Because of my feeling for that unit, (which Powell brings
to life in his remarkable book), I was once a captain of
cadets and a ship's commanding officer. It was said that
the Navy in which I served was government well managed.
Tragically, the coherence imposed by the exigencies of
war was lost in 1946, as men made rich at the time
later lost the will and skill to do their duty.
[But what's a familiar name or place you see in a story,
movie or book. It may prompt childish feelings that you too
are part of the cast: I kissed Judy Garland (once on the
cheek). I talked alone for an hour with Robert Oppenheimer.
But if you really want to feel what it's like to know a name
or a place, read Gore Vidal in this week's New Yorker. He's
been there. He's done that. And he writes well.]
----------------signed:----------------------------------
John Gelles email: jjgelles@xxxxxxxx
(805) 642-6675 http://rain.org/~jjgelles/
5706 Loma Vista Ventura, CA 93003
---------------------------------------------------------
Finance current national and jobs priorities the way we
finance war, matching investment to essential production.
---------------------------------------------------------
- Thread context:
- Reply Re: Japan/recent decisions,
Gernot Kohler Fri 29 Sep 1995, 14:24 GMT
- re:closed end funds,
CHU Thu 28 Sep 1995, 21:38 GMT
- Levy Institute & the forces of evil,
Doug Henwood Thu 28 Sep 1995, 17:30 GMT
- Church of Economics,
John Gelles Thu 28 Sep 1995, 13:52 GMT
- This year's model,
Mathew B. Forstater Wed 27 Sep 1995, 23:36 GMT
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