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worth a read

 

'Doomsday Capitalism:' Local virus? Global pandemic? Commentary: 7 signs toxic partisan politics is killing capitalism, democracy, your retirement

 

http://www.marketwatch.com/story/doomsday-capitalism-virus-is-spreading-2010-06-15

10 Replies
Advisor

Re: worth a read

Thanks nox.

While reading through I was reminded of how the mere mention of Naomi Klien's name (obviously on some right wing "enemies list", I'm sure) set the usual suspects off here. Now she's quoted (on verifiable specifics) in this WSJ Market Watch column:

 

 

SNIP: In "The Shock Doctrine: Rise of Disaster Capitalism," an earlier version of "Doomsday Capitalism," Naomi Klein exposed the dark economic ideology driving the GOP's Reaganomics the past three decades: "During boom times it's profitable to preach laissez faire, because an absentee government allows speculative bubbles."

But "when those bubbles burst, the ideology becomes a hindrance and goes dormant while big government rides to the rescue." Then, free-market "ideology will come roaring back when the bailouts are done," as did happen. And "the massive debts the public is accumulating to bail out the speculators will then become part of a global budget crisis," as with Greece and the EU.

So today Wall Street banks that were insolvent back in 2008 are not only stronger than before the meltdown, they control the White House, Congress, Treasury.

 

Nice guy middle of the roader conciliator major columnist (he holds down the same job among the big newspaper outlets as dagwud does here): Smiley Happy sounds like he could have conferred with Farell on this:

 

 

http://www.nytimes.com/2010/06/15/opinion/15brooks.html?ref=opinion

 

 

 

 

 

 

 

 

Senior Advisor

Re: worth a read

Soooooo, now partisan politics is a bad thing. It was a just few short years ago Hilliary Clinton told us it was the utmost form of patriotism.

Advisor

Re: worth a read

Huh? Are you responding to some other post.

 

Where was there anything about "partisan politcs" in either article, other than a description or just a mention of our democratic system?

 

And congratulations on your Evelyn Wood diploma. 2 articles, read and digested in 4 minutes...WOW.

Senior Contributor

Re: worth a read

He didn't digest anything, he read the headlines and dismissed the articles as out right leftest bile.

Advisor

Re: worth a read

Lots of good stuff in the WSJ today.

 

This one calls out the President. Maybe, then, he'll actually read it.

 

http://www.marketwatch.com/story/what-obama-wont-tell-you-tonight-2010-06-15?link=kiosk

Senior Advisor

Re: The opening post.

 Commentary: 7 signs toxic partisan politics is killing capitalism, democracy, your retirement.

That is what I was responding to.

Advisor

Re: The opening post.

I see that. But what does it mean to you? That if we had a dicatorship or a monarchy that nobody would have any of the problems that we have today?

 

Are you sure that you'd even have any of what you have? Probably not, but then it doesn''t seem to be below any number of people to think it would be ok to install one now, so long as it made sacred what they've got now, with no strings or obligations.

Senior Contributor

Re: worth a read

Yep, that's more to his liking, just didn't go far enough, nothing said about his birth certificate, his watermelon garden in the rose garden.

Advisor

Re: worth a read

"During boom times it's profitable to preach laissez faire, because an absentee government allows speculative bubbles."

 

Total freaking BS.