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agreed..but i see the problems as being as much technological/organizational as i do mangerial/financial. and socio-political as well. on the latter--this amounts to the imposition of limits on the extent to which focus on capital flows can correspond to a deterritorialized view of capitalism. what's a bit alarming about the arrangement just announced is that its logic can head in several directions--for example, were mc=cain the incoming el jeffe, i would expect that it would have resulted in setting a framework for the making-explicit that the worlds occupied by working-class americans could be understood as the new third world. with obama, there are more alternatives in principle---i just hope that he is not in fact *such* a centrist that he allows his administration to get sucked down that pipeline--because it'd be easy to do.
everyone who thinks about it has known for a long time that there has been a contradiction between the way neoliberalism operates--to the exclusion of all interests that are not constituted by holders of capital--and social coherence over even the medium run in the states. but the collective fixation on capital flows---a function of the dominance of neoliberalism in the states, it's status as lingua franca from the early 80s onward, repeated endlessly via the "free" american press etc etc---had enabled the avoidance of this contradiction. it's implications unfolded at that register of silent anxiety motor...what's strange is the extent to which the folk directly impacted by these deterritorializing processes bought into the same ideology that justified them in the first place. otherwise, you'd have seen what you're starting to see all around now---strikes.
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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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