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i think cowboy capitalism is already finished, but also that it's not yet obvious what the altered norm will look like. this transition is compounded by self-generated problems of coherence, which are a function of the american ideological monocropping practices of the past 30 years or so. you naturalize and ideology and you make it as difficult as possible to adjust to fundamental problems. the only good thing about this is its timing--in the last scene of the last act of the bush administration--if it had happened earlier, i think the political consequences of it would be far more dramatic and far worse for the united states.
that said, i still find the recanting of market fundamentalism from greenspan remarkable and the apparent inability of the press to talk about it in a language that does not repeat the problem--that is a language which is stuck inside the same ideology that is the source of this crisis---kinda fascinating.
alongside this, the banking system seems to be getting encouraged to use the "bailout" money to consolidate the system as a whole. why this is a desirable outcome, i do not know. we are far from out of the woods. the future is not at all clear. whcih is another reason this is an interesting time.
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a gramophone its corrugated trumpet silver handle
spinning dog. such faithfulness it hear
it make you sick.
-kamau brathwaite
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