[News] Let Them Eat Yachts
Anti-Imperialist News
news at freedomarchives.org
Tue Feb 7 13:24:36 EST 2012
February 07, 2012
http://www.counterpunch.org/2012/02/07/let-them-eat-yachts/
The Rogues Gallery of the America's Cup
Let Them Eat Yachts
by DON SANTINA
The once-proud city of San Francisco is on the
verge of turning its storied public waterfront
into a west coast playground and cash cow for the
idle rich, now more popularly known as the One
Percent. Americas Cup is coming to town.
Americas Cup. It has an odd ring to
it. Its not a familiar sports appellation like
the World Series of baseball, the Superbowl of
football, World Cup of soccer, or even the
Stanley Cup of hockey. Thats because Americas
Cup is a trophy passed back and forth between
private yacht clubs inhabited by wealthy
people. The Cup originated in an 1851 race
staged by English blue bloods and American robber
barons who belonged to exclusive all-white yacht
clubs. The yacht clubs became the enabling
organizations for the wealthy to race their boat
toys against each other. Naturally, as a class
that relies on the hard work of others to produce
wealth for itself, the hard work of the actual
racing of the boat toys was done by hired
hands. No one expected Lord Bob or Mister
Monopoly to get out there on the deck and take in sail.
From the very beginning, Americas Cup was
inextricably tied to that rogues gallery of
sociopaths who amassed vast fortunes from the
exploitation of workers and resources while
enjoying the protection of the politicians they
bought and sold like stocks. JP Morgan.
Vanderbilt. Rockefeller. Names that live in
infamy in the memory of anyone with a
conscience. The tricked-out sailing vessels they
commissioned were merely extensions of their
insatiable egos. They also collected race
horses, governors, and mansions (one of
Vanderbilts was aptly called Idle Hours), as
their wives collected furs, servants and diamond
studded collars for their dogs. Mark Twain
dubbed the period the Gilded Age, because its
thin veneer of plating was not thick enough to
conceal the prevalence of avarice and corruption underneath.
By the end of the 20th century, the Cup races,
which had stumbled through the century with as
much as eighteen-year gaps between events,
suddenly expanded into regular matches and
rematches between the ever-private yacht clubs
(most of the clubs are still called the royal
this or that) and added venues like San Diego,
Auckland and Valencia. With the phenomenal
growth of cable television and its voracious need
for twenty four hours of sports, even rich
peoples sail boats attracted an audience, but it
was still nowhere near a Sunday morning NFL
game. The game changer happened when Larry
Ellison, a billionaire poster boy for the One
Percenters sponsored a team that won the 33rd Cup in Valencia.
Flush from his victory, Ellison called up San
Francisco Mayor Gavin Newsom and said something
like: Im the sixth-richest man in the
world. Ill fix up some of your piers, race my
boats, and when the race is over, Ill keep some
of the waterfront. Sound like a
deal? (Actually, the proposal was similar to
the late Warren Hellmans music festival deal in
which the City gave him Golden Gate Park to
indulge his banjo-playing hobby. The big
difference is that Hellman didnt get to keep
part of the Park at the end of his festival.)
In his waning months as mayor, Newsomever the
errand boy for the super richcobbled together a
committee to facilitate corporate funding for the
project and move the sweetheart agreement
along. The Americas Cup Organizing Committee
(ACOC) included all the Usual Suspects in the
Citys power elite: vulture capitalists like Tom
Perkins and Hellman; denizens of the Downtown
Gang like real estate predator Tom Coates, who
had contributed one million dollars to the
statewide initiative to eliminate rent
control; the Pacific Heights layabout, Dede
Wilsey, who ironically coughed five grand to help
pass Newsoms anti homeless no-sitting/ no-laying
on the sidewalk ordinance ; Old Retainers like
George Shultz, whose questionable achievements
include Bechtel, the Iran Contra scandal, and the
discredited Committee for the Liberation of
Iraq; Bob Fisher, whose retail giant GAP was
built on sweatshop sweat, and reps from super corps like Wells Fargo and AT&T.
Also added in honorary political seats were
perennial incumbents Dianne Feinstein and Nancy
Pelosi, whose accomplishments include enriching
themselves in office, which is a common activity
in Washington. For Ellison, Feinstein delivered
the Americas Cup Act of 2011signed last
November by President Obama which waived laws
which prohibited foreign vessels to operate in
American waters. Pelosi, who was Speaker of the
House during the Great Wall Street Bailout, is no
stranger to privatizing property that belongs to
the public. She participated in the process that
gave away San Franciscos Presidio several years ago.
So, what does the non-profit (ha-ha-ha up your
sleeve) ACOC do with the funding it
raises? Well, it funnels it to Larry Ellisons
private management team, the Americas Cup Event
Authority. The ACEA is the vehicle through which
the One Percenters pocket financial rights to a
large chunk of San Franciscos extremely
lucrative waterfront properties. In return for
Ellisons chump-change makeover of some of the
waterfront for his event, according to the San
Francisco Chronicle, the latest version of the
Host City Agreement gives the ACEA Seawall Lot
330 and the rights to leases of at least 10
years and rent credit on four piers depending on
the money it spends improving port
infrastructure. For a minimum $55 million
infrastructure investment by the ACEA, Ellison
gets development rights and a 66-year-rent-free
lease on Piers 30-32, and if he spends a little
more pocket change, he gets reimbursement in
the form of bond proceeds, then credit to lease
Piers 26, 28, and, ultimately, 29, according to a draft of the deal.
Already, the vultures are descending. Last
month, JPMorgan Asset Management (sound
familiar?) gobbled up a 902,000 square foot
complex in China Basin Landing for $415
million. (Those taxpayer-funded bailouts came in
handy in the world of the idle rich.)
Oh, but Americas Cup will provide jobs, the
hucksters proclaim loudly. And tourists! Well,
weve all heard that one before. Whats new is
the hilarious claim that San Francisco needs an
obscure boat race to attract tourists during the summer.
The Panama Pacific Exposition of 1915 also
promised thousands of jobs in San Francisco,
some of which actually materialized. For those
workers who were left out of this capitalist
bonanza, Joe Hill, the immortal IWW songwriter,
penned these words to the tune of Its A Long Way To Tipperary.
Bill Brown came a thousand miles to work on Frisco Fair
All the papers said a million men were wanted there
Bill Brown hung around and asked for work three times a day,
Til finally he went busted flat, then he did sadly say,
Its a long way down to the soupline,
Its a long way to go.
Its a long way down to the soupline
And the soup is weak I know.
Goodbye, good old pork chops,
Farewell beefsteak rare,
Its a long way down to the soupline,
But my soup is there.
As the recession deepens for the ninety nine per
cent, the souplines are growing longer in the
City of Saint Francis. The Human Services
Agency reports that 33,798 residents receive food
stamps, up 61% from two years ago. Housing
foreclosures are averaging 3,000 a year over the
past four years according to Realtytrac, and
there are nearly 7,000 homeless men, women and
children living in the city. San Franciscos
ratio of homeless people to the general
population is higher than that of New York or
Chicago. (Dont worry, Americas Cup patrons,
the SFPD will sweep those bothersome people away
before your boat toys arrive, just like they did
for Mayor Feinstein for her partys national convention in 1984.)
In the City of Saint Francis, over 100,000 people
live in the governments definition of poverty,
which is a basic subsistence level
living. According to the Center for Community
Economic Development, to meet the basic expenses
for a family of three, one would need to work
more than 3 full-time minimum wage jobs. I
suppose the whole family could work full time
bussing tables at minimum wage for the gentry
eating $25 sandwiches on Ellisons pretty new
waterfront and maybe the childschool? what
school?could do a little overtime to meet the extra expenses.
So, San Franciscos inestimably expensive
waterfront is up for sale cheap to the One
Percenters, yet another welfare program for the
super rich. What do the people of San Francisco
get? Not a single buck in the deal for the
ninety nine per cent. Not even four-bits for
affordable housing. Not even two-bits for
schools or libraries. Not even a dime for
healthcare. Not even a nickel for someone living on the streets.
This is the waterfront of the legendary 1934
Strike which changed American labor
history. This was the Strike where workers
bravely stood up to the One Percents
strike-breakers, who were backed up by the police
and the National Guard. This was the Strike that
became the General Strike after the SFPD shot to
death two strikers, Nick Bordoise and Howard
Sperry. This was the Strike that brought decent
wages and working conditions to millions of
workers over the following half century.
If logic prevailed, the proper site for Americas
Cup would be the Cayman Islands, where the idle
rich hide their money to avoid
taxes. Switzerland would be another likely
candidate, but, unfortunately, it doesnt have a
coast line. So, the boat toys of the One
Percenters will probably sail in San Francisco
Bay because the local political spine usually
withers when it comes face to face with Big
Money. And, at that point, the One Percenters
can say about the rest of us, let them eat yachts.
Don Santina is a cultural historian whose
grandfather, Humphrey OLeary, was a participant
in the 1934 General Strike. He can be reached at
<mailto:lindey89 at aol.com>lindey89 at aol.com.
Freedom Archives
522 Valencia Street
San Francisco, CA 94110
415 863-9977
www.Freedomarchives.org
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