Use access key #2 to skip to page content.

wcaseym (42.29)

January 2011



As the last optimist standing turns, ...

January 09, 2011 – Comments (6)

... jobless rate continues to fall in Mumbai, luxury items selling again!

William Greider harangue:

Political events of the past two years have delivered a more profound and devastating message: American democracy has been conclusively conquered by American capitalism. Government has been disabled or captured by the formidable powers of private enterprise and concentrated wealth. Self-governing rights that representative democracy conferred on citizens are now usurped by the overbearing demands of corporate and financial interests. Collectively, the corporate sector has its arms around both political parties, the financing of political careers, the production of the policy agendas and propaganda of influential think tanks, and control of most major media.

What the capitalist system wants is more—more wealth, more freedom to do whatever it wishes. This has always been its instinct, unless government intervened to stop it. The objective now is to destroy any remaining forms of government interference, except of course for business subsidies and protections...When the choice comes down to society or capitalism, society regularly loses...

In these terms, the administration of Barack Obama has been a crushing disappointment for those of us who hoped he would be different...Once again, Republicans are mounting an assault on liberalism's crown jewel, Social Security, only this time they might succeed, because the Democratic president is collaborating with them...

Obama has set himself up to make many more "compromises" in the coming months; each time, he will doubtless use the left as a convenient foil. Disparaging "purist" liberals is his way of assuring so-called independents that he stood up to the allegedly far-out demands of his own electoral base. This is a ludicrous ploy...

The power shift did not start with Obama, but his tenure confirms and completes it...Society faces dreadful prospects and profound transformation. When both parties are aligned with corporate power, who will stand up for the people? Who will protect them from the insatiable appetites of capitalist enterprise and help them get through the hard passage ahead? One thing we know for sure from history: there is no natural limit to what capitalism will seek in terms of power and profit. If government does not stand up and apply the brakes, society is defenseless. ...

The End of New Deal Liberalism  [more]

Featured Broker Partners