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Friday, February 13, 2009

 

the american oligarchs


bill moyers interviews former IMF chief economist simon johnson, who also blogs at baseline scenario. working from this post, the two very candidly explore the symbiotic relationship that exists between big banking and the american political leadership on both sides.

Our unsustainable debt-fuelled boom, in other words, produced both the conditions for a major global financial disaster, and a political strengthening of the people who benefited most from the risk-taking and associated compensation packages that made this disaster possible. Ending the financial crisis is relatively straightforward - a forced recapitalization and change of ownership/management in the banking system - although this will not immediately lead to an economic recovery (more on that here). But seen in deeper political terms, decisive action to restructure large banks is almost impossible. Such action would require overcoming perhaps the single strongest interest group in the United States today.


amen. but, as johnson notes all too truthfully, there is no current prospect of any such thing -- though he has faint hopes for the 'stress test' upon which the hopes of many (but not all) realists are now hinged as a lever by which the money-center banks could be resolved through the FDIC and broken.

slowly, as moyers' program illustrates, a public discourse is arising. awareness among the american people is growing that the government is not -- even in this hour of crisis -- currently working in the interests of either the country or the people. it is instead working in the interests of the management and creditors of big banks, and this largely at the expense of the country and the people.

as the economic fallout generated by the disaster these banks facilitated continues to mount and families are thrown out of work and out of their homes, circumstances will grow volatile. and this growing awareness could be the accelerant. all that would then remain to be found would be a stray spark.

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This interview should be broadcast on television and radio continuously and printed in every newspaper on the same day as a public service to inform and empower the American public. This would be a first step to changing America for the better by creating the political will for change.

Wishful thinking - the monied interests would never let that happen.

 
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I say we clone Andrew Jackson, give him a few flintlocks and let him loose in Manhattan.

 
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You'll remember the brief fuss about "Why won't Obama publish his birth certificate?" - my instinct was that he was hiding something, and my question was "Who knows about it and oover what issue will they blackmail him?"

 
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Industrial Society Destroys Mind and Environment.

Industrial Society is destroying necessary things [Animals, Trees, Air, Water and Land] for making unnecessary things [consumer goods].

"Growth Rate" - "Economy Rate" - "GDP"


These are figures of "Ecocide".
These are figures of "crimes against Nature".
These are figures of "destruction of Ecosystems".
These are figures of "Insanity, Abnormality and Criminality".


The link between Mind and Social / Environmental-Issues.

The fast-paced, consumerist lifestyle of Industrial Society is causing exponential rise in psychological problems besides destroying the environment. All issues are interlinked. Our Minds cannot be peaceful when attention-spans are down to nanoseconds, microseconds and milliseconds. Our Minds cannot be peaceful if we destroy Nature [Animals, Trees, Air, Water and Land].

Chief Seattle of the Indian Tribe had warned the destroyers of ecosystems way back in 1854 :

Only after the last tree has been cut down,
Only after the last river has been poisoned,
Only after the last fish has been caught,
Only then will you realize that you cannot eat money.


To read the complete article please follow any of these links.

Industrial Society Destroys Mind and Environment

Industrial Society Destroys Mind and Environment

Industrial Society Destroys Mind and Environment

Industrial Society Destroys Mind and Environment

sushil_yadav
Delhi, India

 
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