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Markets like totalitarian governments, part 2

As the world's biggest money manager said, markets prefer totalitarian governments.

 

With money largely dictating the outcome of most US elections, the future seems fairly clear because "the market" has most of the money.

 

Thus I think it is no surprise that the current wave of politicians who were swept into office by the tide of "market" money have now gone to work to disassemble any institution that is viewed as supporting its electoral opponents- i.e., public employess unions, Fanny Mae (both a fall guy for Wall Street and a marginal net supporter of Democrats).

 

NPR, standing alone as the best true news organization remaining in the country is a real threat and additionally some of the non-news programming such as Prairie Home Companion is fairly subversive in the great American populist tradition. Can't have that.

 

The politicians in robes who were packed onto the Supreme Court delivered the big one with the most activist decision in recent memory- Citizens United. They delivered big time.

 

Common white volk have been the primary enablers of the putsch as clever manipulators have played on their fears and prejudices. Better to be an overseer on Massa's plantation than a slave.

 

Unfortunately it is true that our political system is broken and unable to repond to the challnges of the time- certainly as true as of the traditional liberal appraoch as any. Unfortunately mammon has stepped into the breech of failure.

 

I think I feel the breath of the beast.

 

fwiw, h

26 Replies
Advisor

Re: Markets like totalitarian governments, part 2

You might appreciate this book nox...my daughter gave it to me for Christmas and I finally got aroud to reading it last week:

 

 

http://www.amazon.com/Deer-Hunting-Jesus-Dispatches-Americas/dp/030733936X

 

 

 

Re: Markets like totalitarian governments, part 2

Hi Bruce,

 

One interesting thing I've been pondering is guns- the unifiying element of the world Bageant describes.

 

While I see plenty of things to be alarmed about in regards to loss of Constitutional liberties, the one I don't see any immediacy to is that they are coming to take our guns.

 

I think that the power of the gun lobby to deliver people into the ideological clutches of the maniplulators is so great that gun ownership is essentially tolerated on a cost benefit basis.

 

And it isn't like anybody's been picking off Goldmanites in the Hamptons. Kunstler expresses some surprise at that but it probably shouldn't come as any. All it really takes is a few well produced youtubes that will be spread virally across e-mail chains, and a few rants from Foxites and anger will be redirected toward the unfortuate, liberals etc.

 

fwiw, h

Senior Contributor

Re: Markets like totalitarian governments, part 2

  LOL, what a coincidence that Glenn Beck never rants about the downfall of society because of Hoverounds, or that everybody should redirect their focus to those in the Hamptons that you referred to.

 

  Who-da thunk it, huh????

Advisor

Re: Markets like totalitarian governments, part 2

One of the most confused posts you've ever made. Should read "industry likes totalitarian governments" which is true when its captured like ours. Big money loves fannie and freddie having the government backstop your chicanery is an effective way of looting the populace. Your mistake is thinking the monied, the unions, the socialist/fascist are in any way at odds. They are great friends at a feast, you and I are the feast.
Advisor

Re: Markets like totalitarian governments, part 2

"Your mistake is thinking the monied, the unions, the socialist/fascist are in any way at odds. They are great friends at a feast, you and I are the feast."

 

That's hard to disagree with as it was more or less the alleged "centrism/new way" of Clintonism and surely not dismantled or sepreated by the Cheney administration.

 

We need to forge a poitcal future where those bits can be seperated back to there they were coming out of the events that shaped who we are and what we do...the Great Depression and WW2. All of these other supposedly seminal or watershed moments have been no more than simple occurences.

 

I believe you can tie ths nation's population's lack of a general literacy...not just reading or ciphering, but understanding of basic economics, civic matters and probably most importantly world history (and to some degree, geography). Trouble is, the most powerful interests in the conglomerate of players has very effective ways of sending messages to anybody who the audacity to as much as mention doing things the least bit differently (see: Jimmy Carter and now Russ Feingold and even now some of those moderate Republicans who are showing a willingness to talk about things who are being savaged by the teabagger trolls, as directed by the most vile elements of the greater plutocracy).

 

And that ties back to the literacy thing... a couple of hundred millon addicted to cheap consumer goods with no reflection on where they come from or at what long term cost to any system and then a big glob of boomer retirees and soon to be retirees who have been not all that much different, in net effect that is, than crooked investment bankers in peeling off a layer of every transaction and activity that has gone down as we've inflated and hyper-leveraged a currency and economy in such a fashion that the very top couple of percent own better than 60% of everything with absolutely no effort at all other than that to understand how the rigged system works.

 

Again progressives (real forward thinking ones who understand that capital formation and appreciation is a requirement for ANY growth) and libertrians (not these newly born nuevo bagger ones but theones who have the ability and instincts to actually trust something) are as close together on things as any two of our fractured and fragmented political culture. Bourgoise liberals are more like souless plutocrats than they'd ever want to know or could admit.

Senior Advisor

Re: Markets like totalitarian governments, part 2


@bruce MN wrote:

"Your mistake is thinking the monied, the unions, the socialist/fascist are in any way at odds. They are great friends at a feast, you and I are the feast."

 

That's hard to disagree with as it was more or less the alleged "centrism/new way" of Clintonism and surely not dismantled or sepreated by the Cheney administration.

 

We need to forge a poitcal future where those bits can be seperated back to there they were coming out of the events that shaped who we are and what we do...the Great Depression and WW2. All of these other supposedly seminal or watershed moments have been no more than simple occurences.

 

I believe you can tie ths nation's population's lack of a general literacy...not just reading or ciphering, but understanding of basic economics, civic matters and probably most importantly world history (and to some degree, geography). Trouble is, the most powerful interests in the conglomerate of players has very effective ways of sending messages to anybody who the audacity to as much as mention doing things the least bit differently (see: Jimmy Carter and now Russ Feingold and even now some of those moderate Republicans who are showing a willingness to talk about things who are being savaged by the teabagger trolls, as directed by the most vile elements of the greater plutocracy).

 

And that ties back to the literacy thing... a couple of hundred millon addicted to cheap consumer goods with no reflection on where they come from or at what long term cost to any system and then a big glob of boomer retirees and soon to be retirees who have been not all that much different, in net effect that is, than crooked investment bankers in peeling off a layer of every transaction and activity that has gone down as we've inflated and hyper-leveraged a currency and economy in such a fashion that the very top couple of percent own better than 60% of everything with absolutely no effort at all other than that to understand how the rigged system works.

 

Again progressives (real forward thinking ones who understand that capital formation and appreciation is a requirement for ANY growth) and libertrians (not these newly born nuevo bagger ones but theones who have the ability and instincts to actually trust something) are as close together on things as any two of our fractured and fragmented political culture. Bourgoise liberals are more like souless plutocrats than they'd ever want to know or could admit.


It is impossible to have a strong central bank without a strong central government. The very thing the tea party is trying to dismantle being defended by the Barney Franks and RINOs you heap soooo much praise on.

Re: Markets like totalitarian governments, part 2

Ron Paul might be but I don't think that is representative of the "Tea Party."

Senior Advisor

Re: Markets like totalitarian governments, part 2

That is the very essence of the tea party. That is why libs go so balistic, their century of power is at stake.

Re: Markets like totalitarian governments, part 2

We'll see what **bleep** Armey, the Kochs etc. have to say about that.