anyone wondered about spiking oil prices and the collapse of the dollar?
or that the evaporation of american economic power as a result of exactly the type of market-fundamentalism that you see reflected in the one-dimensional posts from comrade ustwo above?
this situation is political....i dont think the states would be in this position were it's "democracy" flexible enough to have a mechanism like a vote of no confidence--in a more democratic structure, the bush people would be a fading embarrassment relegated to history and the damage would be limited.
as for a regime of price controls on oil--it might come to that. but that'd be a stop-gap and not a solution to the problem. the problems are structural.
neo-liberalism has been an unmitigated disaster.
what it has been a cover for--sixty years of military keynesian policies--sixty years of pathological military spending to the benefit of a particular faction within the american coroporate sector--this is a structural problem that needs to be addressed, needs to be changed.
deregulation of banking has demonstrated that banking cannot be deregulated if the idea is the longer-term survival of the economic and political order.
but i don't expect market fundamentalists to even start to say anything coherent about any of this, and so far in this thread, they haven't.
it's time for fundamental change or what host says above will turn out to be the case.
it's obvious that the right has nothing to offer beyond banalities of manliness that can be uttered from the bridge of any sinking ship.
between now and the point where the next administration is elected, i expect some pretty crappy economic times.
i dont think that the game is necessarily over--but if you can't even start to face problems, particularly structural problems--because your economic ideology won't let you get started--then there's no hope of addressing basic problems.
a good start would be scattering neoliberalism's ashes.
__________________
a gramophone its corrugated trumpet silver handle
spinning dog. such faithfulness it hear
it make you sick.
-kamau brathwaite
Last edited by roachboy; 03-12-2008 at 08:19 AM..
|