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I thought about dirying that piece last weekend, but not under the title or "calling defeat" but something like "retreating to winter quarters".

The question is whether the defeat of Market Fundamentalism as an ideology (there will always be liberalization as a policy option) can be made permanent.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith

by Migeru (migeru at eurotrib dot com) on Fri Sep 26th, 2008 at 11:32:37 AM EST
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I think you're right that it's only a retreat to winter quarters. Stelzer hasn't changed his views at all.

(It's interesting to note that in the speech he casts aspersions on those who question the way free trade etc. have turned out, but doesn't quote any evidence.)

Still, even a hiatus is far beyond what looked likely when I first joined ET.

by Metatone (metatone [a|t] gmail (dot) com) on Fri Sep 26th, 2008 at 12:10:08 PM EST
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The damage to the system is now so great (and Stelzer knows more than we do) that these über-pundits, these facilitators of the looting, have had time to coldly realize (or be coldly told by their masters), that it will be impossible to go on running the racket as before.

Their job now is damage limitation. Notice how

  1. it is pretended ultra-market financial capitalism did a great job spreading wealth, lifting up the poor, and making folks happy to live under it (expect soon the weeping and wailing over the socialist night under which all are groaning);

  2. it is pretended there is far more of an organized, entitled movement of rejection of ultra-market financial capitalism than in fact has ever had access to any other than marginal media and political movements (expect soon the stalking bogeyman of straw to be depriving, Stalin-style, the neo-libs of their right to free speech, association, business, breath).

Can the Stelzer change his spots?
by afew (afew(a in a circle)eurotrib_dot_com) on Fri Sep 26th, 2008 at 12:43:34 PM EST
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He almost sounds like he's making an effort to avoid being the first against the wall.

you are the media you consume.

by MillMan (millguy at gmail) on Fri Sep 26th, 2008 at 01:33:40 PM EST
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