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Austerity can only be implemented in the shadow of a concentration camp.
My first reaction to this text was laughter about the commie under the bed stuff. I found the author's views on communism ridiculous. I really had to re-read the text before I got that he wasn't writing about communism at all, and I wouldn't have re-read it normally.
if that's his goal, i think he probably succeeded.
The power of knowledge is in mortal combat with the knowledge of power. It really is that simple... That's the Edenic apple we are all munching on.
The Faux-Libertarians and their minions in the financial sector!
Here is how and why. Through the corrupt political campaign funding process they have more influence that all other groups combined. Both US major parties are sufficiently captured by financial interests that they will not enact any legislation that harms that sector and have repealed rules and regulations that protected the average citizen but constrained the financial sector.
No matter how risky and ill-advised are the bets that financial organizations make in 'the markets' the big corporations will be bailed out at taxpayer expense when things go wrong. Does that mean taxpayers get control of those corporations when they are bailed out? Don't be foolish. The politicians are so captured that they cannot conceive of operating without these financial entities, so the Too Big To Fails will be set back on their feet with public funds so they can continue to make the contributions the politicians count on.
Think that this is insane? It is, but it is the insane reality. If the entire US political class, all partners at Goldman Sachs and JP Morgan, and all top executives, vice presidents and directors at Citi, BOA and Wells Fargo were put in jail it would be no great loss to the country. Quite to the contrary, it would be the beginning of an opportunity to reclaim the rights we though we had and to run the country in the interests of the bottom 98%.
The only question is if the rest of the country, together, could come up with leaders who had the courage and vision to attempt to create a better world. The danger is that we would be like liberated lab rats and run back to our cages looking for food and water. It is your choice.
As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
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