¿DE QUIÉN ES EL MILENIO, SUYO O NUESTRO? Así lo planteaba Daniel Singer en 1999. ¿Cabe preguntar de quién es la transformación?
El 4 de noviembre de 2008 el electorado usamericano ofreció una primera respuesta.
En un momento político de gran intensidad poética 66’882,230 votantes usamericanos marcaron las papeletas electorales con la huella indeleble de un cambio histórico. En un impresionante golpe colectivo la mayoría repudió su larga historia de fracasos políticos y económicos, manifestó la expectativa compartida de un mejor futuro al tiempo que señalaba la necesidad de una transformación más democrática hacia una economía alternativa. A través de la combinación de diversas voces políticas rechazaron los abusos de la añeja y otrora exitosa estrategia de divide y vencerás
profundamente enraizada en el racismo y la xenofobia que ha hecho posible el dominio de la élite derechista corporativa. Aquella memorable declaración del electorado multicultural, multirracial y democrático que surge de las entrañas mismas de un Estado convertido en cárcel ha significado la esperanza de muchos más allende las fronteras amuralladas usamericana es, donde nace la posibilidad de creer en la renovación popular democrática. Esta mayoría de votantes usamericanos señaló su deseo de contar con un enfoque más incluyente y democrático para resolver la acumulación de problemas sociales y económicos de su país, de la población que conforma su nación. No obstante, también debemos reconocer que aquellos admirables y seguramente valientes votantes tan sólo han creado la oportunidad para que todos nosotros definamos las necesarias coaliciones sociales democráticas y activas para dar paso a una lucha social internacional permanente en pos de alternativas democráticas frente a un corporativismo
Aquella proclama histórica, política y poética que representa la expresión social de millones de auténticos héroes del momento no hace sino abrir la puerta a la creación de una formación social, política y económica que constituya una verdadera alternativa capaz de dar prioridad a las necesidades del pueblo y no a las ganancias.
Nota especial a los lectores:
Ahora que han llegado al final de este largo ensayo, los invito a revisar otro trabajo que se enmarca en el mismo contexto ¿Más allá del capital, más allá de la democracia...?
, también publicado por Tlaxcala.
Una breve selección de referencias generales, en inglés, a modo de recomendación bibliográfica.
Además de la breve selección que se sugiere a continuación, he recopilado una larga lista de referencias sobre todos los temas y problemáticas que se discuten en el presente ensayo. Con todo gusto haré llegar dicha lista a quienes manifiesten interés en algún tema o en la totalidad de las problemáticas mediante correo electrónico enviado a la siguiente dirección: ArturoYarriba@gmail.com
Las referencias en la presente sección siguen, en términos generales, el orden de la introducción de los nombres de autores, temas y problemáticas a lo largo del ensayo. No obstante, debido a la constante mención de problemáticas y autores, el orden en esta sección no es del todo preciso, como sí lo es en la sección de notas al pie de página. En todo caso y para conveniencia de mis lectores, he intentado agrupar las referencias por tema. Pido a los lectores hispanohablantes una disculpa por no contar en este momento con material en español, hecho que ha influido en la decisión de no traducir los detalles correspondientes a cada referencia.
Ferdinand Pecora http://en.wikipedia.org/wiki/Pecora_Commission
Ferdinand Pecora http://www.counterpunch.org/corr01112003.html
Naomi Klein, The Shock Doctrine http://books.guardian.co.uk/shockdoctrine/0,,2159184,00.html
Naomi Klein Shock Doctrine http://www.zcommunications.org/zbooks/review/30
Wall Street Faces Worst Losses Since Herbert Hoover
Joe Bel Bruno, The Associated Press: "Investors are preparing to close out the last three trading days of 2008 with Wall Street's worst performance since Herbert Hoover was president. The ongoing recession and global economic shock pummeled stocks this year, with the Dow Jones industrial average slumping 36.2 percent. That's the biggest drop since 1931 when the Great Depression sent stocks reeling 40.6 percent."
Recession? Depression? How Deep, How Far and What Can Be Done?http://www.alternet.org/workplace/102379
A survey of what some of the best thinkers believe we're facing in the coming months and years -- and the best ways to prevent complete disaster.
Financial Meltdown 101Arun Gupta , http://www.alternet.org/workplace/102672
Everything you ever wanted to know about the biggest economic meltdown since the Great Depression but were afraid to ask.
The New York Times | The Crisis Agenda
The New York Times, Editorial: "As stocks cratered on Monday and lending and borrowing remained frozen, the Bush administration rushed to implement the $700 billion bailout enacted on Friday. The Treasury Department said that it would soon post help-wanted ads on its Web site for asset managers to run the program and that because of the urgency, the hiring may be 'through other than full and open competition.' Is it any wonder that the markets lack confidence? One business day after the bailout was enacted, and it already had a tilting-at-windmills quality.".
Neoliberalism as Creative Destruction
U.S. Is Said to Be Urging New Mergers in Banking
By MARK LANDLER
The Treasury Department reportedly hopes to steer some of the $250 billion rescue to banks willing to buy rivals.
The Mask Slips
By BOB HERBERT
The G.O.P. has masked the terrible consequences of much that it has stood for over the decades. Now the mask has slipped
Tom Engelhardt | Going on an Imperial Bender
Tom Engelhardt, TomDispatch.com: "The fact is: We garrison the planet north to south, east to west, and even on the seven seas, thanks to our various fleets and our massive aircraft carriers which, with 5,000-6,000 personnel aboard -- that is, the population of an American town -- are functionally floating bases. And here's the other half of that simple truth: We don't care to know about it. We, the American people, aided and abetted by our politicians, the Pentagon, and the mainstream media, are knee-deep in base denial."
FOCUS | Pentagon Wants $450 Billion Increase Over Next Five Years
Josh Rogin, Congressional Quarterly: "Pentagon officials have prepared a new estimate for defense spending that is $450 billion more over the next five years than previously announced figures. The new estimate, which the Pentagon plans to release shortly before President Bush leaves office, would serve as a marker for the new president and is meant to place pressure on him to either drastically increase the size of the defense budget or defend any reluctance to do so, according to several former senior budget officials who are close to the discussions."
Chalmers Johnson | The Military-Industrial Complex: It's Much Later Than You Think
For TomDispatch.com, Chalmers Johnson writes: "Most Americans have a rough idea what the term 'military-industrial complex' means when they come across it in a newspaper or hear a politician mention it. President Dwight D. Eisenhower introduced the idea to the public in his farewell address of January 17, 1961. 'Our military organization today bears little relation to that known by any of my predecessors in peacetime,' he said, 'or indeed by the fighting men of World War II and Korea ... We have been compelled to create a permanent armaments industry of vast proportions ... We must not fail to comprehend its grave implications ... We must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex.' Although Eisenhower's reference to the military-industrial complex is, by now, well-known, his warning against its 'unwarranted influence' has, I believe, largely been ignored."
Chalmers Johnson | We Have the Money: If Only We Didn't Waste It on the Defense Budget
Chalmers Johnson, TomDispatch.com: "There has been much moaning, air-sucking, and outrage about the $700 billion that the U.S. government is thinking of throwing away on rich New York bankers who have been ripping us off for the past few years and then letting greed drive their businesses into a variety of ditches. In fact, we dole out similar amounts of money every year in the form of payoffs to the armed services, the military-industrial complex, and powerful senators and representatives allied with the Pentagon."
Bush's Mammoth Defense Budget is Another Bridge to Nowhere
By Katrina vanden Heuvel, The Nation
One built on the backs of ordinary Americans. Read more »
Michel Rocard: "The Decline of the Roman Empire Began Like That"
In an interview with Sylvain Besson of Geneva's Le Temps, former French Prime Minister Michel Rocard, considered the sage of the French left in economic matters, puts the financial crisis into the context of the history of capitalism's shocks. He demands the system be re-equilibrated for the benefit of workers.
Militarism Is Deeply Entrenched in the American Psyche
By William Astore, Tomdispatch.com
The military is not from Mars. We must understand its endless appeal if we ever hope to change it. Read more »
The US Has 761 Military Bases Across the Planet, and We Simply Never Talk About Ithttp://www.alternet.org/audits/97913
America garrisons the globe in ways that are truly unprecedented, but if you live in the United States, you rarely hear a word about it.
Costs of Militarism
Michael Winship | Corruption Destroys Afghanistan
Michael Winship, Truthout: "Just when you've finally gotten your mind around the enormous $700 billion financial bailout - even if none of us are really sure where all that money's going - there comes an even greater, breathtaking price tag.".
The Costs of Empire: Can We Really Afford 1,000 Overseas Bases?
By David Vine, Foreign Policy in Focus
Our overseas military bases are pushing the nation deeper into debt and making the United States and the planet less secure. Read more »
Naomi Klein: Bailout = Bush's Final Pillage
The bailout has been designed to keep stealing from the Treasury for years to come.
William Greider | Paulson's Swindle Revealed
William Greider, The Nation: "The swindle of American taxpayers is proceeding more or less in broad daylight, as the unwitting voters are preoccupied with the national election. Treasury Secretary Hank Paulson agreed to invest $125 billion in the nine largest banks, including $10 billion for Goldman Sachs, his old firm. But, if you look more closely at Paulson's transaction, the taxpayers were taken for a ride - a very expensive ride. They paid $125 billion for bank stock that a private investor could purchase for $62.5 billion. That means half of the public's money was a straight-out gift to Wall Street, for which taxpayers got nothing in return."
Finance -Cronism of the last days of 2008
Bailout Isn't Just for Wall Street Anymore
Kevin G. Hall, McClatchy Newspapers: "After a bruising battle to get it through a doubting Congress, the Bush administration's $700 billion Wall Street rescue plan to purchase distressed mortgages and other bad assets has morphed into something else entirely.... What once was disparagingly referred to as bailout for Wall Street now looks like a broader bailout of all sorts of troubled businesses? Some lawmakers and outside analysts question whether that's serving the public interest as intended - or whether it's becoming a taxpayer-financed giveaway to favored firms."
Fed Defies Transparency in $2 Trillion Loans
Mark Pittman, Bob Ivry and Alison Fitzgerald, Bloomberg: "The Federal
Reserve is refusing to identify the recipients of almost $2 trillion of
emergency loans from American taxpayers or the troubled assets the central
bank is accepting as collateral. Fed Chairman Ben S. Bernanke and Treasury
Secretary Henry Paulson said in September they would comply with
congressional demands for transparency in a $700 billion bailout of the
banking system. Two months later, as the Fed lends far more than that in
separate rescue programs that didn't require approval by Congress, Americans
have no idea where their money is going or what securities the banks are
pledging in return."
Was the 'Credit Crunch' a Myth Used to Sell a Trillion-Dollar Scam?
By Joshua Holland, AlterNet
Even as the media continue to repeat the claim that credit has frozen up, evidence has emerged suggesting the entire story is wrong. Read more »
Robert Borosage, Campaign for America's Future: "Free fall. The U.S. has lost private sector jobs for 10 straight months. One quarter of all businesses in the U.S. plan to cut payroll over the next year. Retail sales fell in October by the largest monthly drop on record. Auto sales have collapsed; driving the auto companies towards the precipice ... 'The era of big government is over' is over. In the crisis, we are, as Richard Nixon once said, 'all Keynesians now.'"
The Fall of the Wall: Hard Times in Money World
by Danny Schechter
There was once a wall on what is now Wall Street. For many years it was walled off from what's called the real economy, the place most of us live, work, pay bills, run up debt and earn a living. Today, we seem to be walled off from where the financial relief is, with taxpayer funds flowing into the firms that caused or were complicit in this deepening crisis and bypassing workers losing jobs and industries, not to mention homeowners losing their homes.
Nouriel Roubini | The Worst Is Not Behind Us
Nouriel Roubini, Forbes: "It is useful, at this juncture, to stand back and survey the economic landscape - both as it is now, and as it has been in recent months. So here is a summary of many of the points that I have made for the last few months on the outlook for the US and global economy, as well as for financial markets."
Dean Baker | Sharpest Consumption Drop Since 1980 Pushes GDP Negative
Dean Baker, Truthout: "A surge in defense spending added 0.86 percentage points to gross domestic product (GDP) growth. Consumption spending fell at a 3.1 percent annual rate in the third quarter, which was the main factor leading to a 0.3 percent decline in GDP. Inventory build-ups prevented an even larger decline; final demand fell at a 0.8 percent annual rate."
The Big Takeover: How Wall Street Insiders are Using the Bailout to Stage a Revolution
By Matt Taibbi, RollingStone.com
The global economic crisis isn't about money -- it's about power. Read more »
Toward a More Corporate Union of the Americas?
By Katherine Sciacchitano, Dollars and Sense
The Bailout: How Capitalism Killed Democracy
We now face market forces uninhibited by democratic governance. The bailout
is an aggressive attempt to trade democracy for autocracy.
Naomi Klein , The Shock Doctrine
Wall Street's Bailout is a Trillion-Dollar Crime Scene -- Why Aren't the Dems Doing Something About It?
By Naomi Klein, The Nation Washington's handling of the bailout is not merely incompetent. It may well be illegal. Read more »
Rick Wolff, Video Analysis of the Present Economic Crisis http://tinyurl.com/3pthrx Dean Baker | Bush Brings WMD Line to Wall Street
Now Is the Time to Resist Wall Street's Shock Doctrine
by Naomi Klein I wrote The Shock Doctrine in the hopes that it would make us all better prepared for the next big shock. Well, that shock has certainly arrived, along with gloves-off attempts to use it to push through radical pro-corporate policies (which of course will further enrich the very players who created the market crisis in the first place...).Click here to read more on our site
$56 Billion Stimulus Bill Fails in Senate
Andy Sullivan, Reuters: "The Senate on Friday blocked a $56.2 billion economic stimulus package that would have extended unemployment benefits, increased food aid and funded new construction projects to create jobs. The 52-42 vote fell short of the 60 votes needed in the 100-member Senate for Democrats to clear a Republican procedural hurdle and move toward passage of the bill, which backers said would give the ailing US economy a needed boost."
What may be over for Wall Street especially after the bailout is only the beginning of problems for the Working Class.
The Long Road Ahead -- Are You Ready for the Worst the Economy Has to Offer?
Are we headed for a deflationary period followed by a tidal wave of inflation?
Mark Weisbrot | Wall Street Bailout Won't Do Much to Help Ailing Economy
Mark Weisbrot, The Center for Economic and Policy Research: "It is now clear the approval by Congress of President Bush's $700 bailout package on Friday October 3rd has done nothing to ease the current financial crisis. Credit markets have worsened for several days after the bill passed the Congress. The stock market also plummeted to nearly ten-year lows."
IS THIS THE BIG ONE?
By Jeff Faux For more than a decade, we Americans have been living on an economic San Andreas fault--a foundation of fracturing competitiveness covered by unsustainable consumer spending with money borrowed from foreigners. A financial earthquake was inevitable. We don't know how high on the recession Richter scale the current crisis will take us, but it increasingly looks like, as they say in San Francisco, "The Big One."
Read more at http://www.globaljusticecenter.org/articles/big_one.html
Robert Reich | The Rebirth of Keynes, and the Debate to Comehttp://www.truthout.org/112908C
Robert Reich, Robert Reich Blog: "The economy has just about come to a standstill - not so much because credit markets are clogged as because there's not enough demand in the economy to keep it going. Consumer spending has fallen off a cliff. Investment is drying up. And exports are dropping because the recession has now spread around the world. So are we about to return to Keynesianism? Hopefully."
Wall Street and Washington Are Failing Spectacularly -- Where Do We Go?
The U.S. political and economic systems are not equipped to deal with the looming problems of the 21st century.
There Is an Alternative to Corporate Rule
All over the world, alternative approaches to capitalist greed are bubbling up from the grassroots.
Economic Meltdown: A 'Teachable Moment' About Socialism for the Rich
By Dean Baker, TruthOut.org
Rather than taking this opportunity to tighten the screws, many progressives are actually cheering on plans to bail out the ridiculously rich. Read more »
Howard Zinn: US 'In Need of Rebellion'
Going Bankrupt: Why the Debt Crisis Is America's Greatest Threat
Welcome to 2008, a year of morally obscene, fiscally unsustainable spending. Watch as the military bloats and our standard of living sinks.
Rick Kepler | The American Worker
Rick Kepler, Truthout: "I am an American worker, and you are damn right I want the wealth to be shared and spread. I am talking about the wealth my hard work helped to create, but was taken from me by George Bush's base, the very rich, or as I know them, my corporate bosses. For the past eight years I have watched W.'s and McCain's (Country Club First) base grab the largest share of our country's wealth. Where did they take it from? They took it from my family's pocketbook, and my co-workers' families' pocketbooks. They stole the wealth that I was trying to build for me and my family when they stripped my pension plan from me and told me to invest in a 401k."
In Modeling Risk, the Human Factor Was Left Out
By STEVE LOHR
Risk models used on Wall Street failed to keep pace with the growth in complex securities, experts say
The Debt Trap: How Banks Push Troubled Borrowers Deeper Into Debthttp://www.alternet.org/workplace/104338
Big Finance's pursuit of struggling American consumers is one of the overlooked causes of the debt boom and the resulting crisis
Dominique Nora | The Plastic Trap
Dominique Nora, Le Nouvel Observateur: "After houses, consumer credit? While bankers plug up as best they can the breaches created by the mortgage earthquake, another bubble threatens them: Americans have been living their dreams on credit. And, having overheated their cards, millions of households will have problems making their payments ..."
Personal finance, precarious finance -Living on the edge of collapse.
The Debt Trap: How Banks Push Troubled Borrowers Deeper Into Debt
Big Finance's pursuit of struggling American consumers is one of the overlooked causes of the debt boom and the resulting crisis.
Sun Sets on US Power: Report Predicts End of Dominance
Julian Borger, The Guardian UK: "The United States' leading intelligence organization has warned that the world is entering an increasingly unstable and unpredictable period in which the advance of western-style democracy is no longer assured, and some states are in danger of being 'taken over and run by criminal networks.' The global trends review, produced by the National Intelligence Council (NIC) every four years, represents sobering reading in Barack Obama's intray as he prepares to take office in January. The country he inherits, the report warns, will no longer be able to 'call the shots' alone, as its power over an increasingly multipolar world begins to wane."
Le Monde | The American Firm
Le Monde's editorial writer muses, "Oligarchy: a political regime in which sovereignty belongs to a small group of people, a restricted and privileged class. The word became fashionable again to define the Cossack capitalism that has plundered Russia for the last several years. But, in the end, weren't Vladimir Putin's friends directly inspired by the American model?"
Naomi Wolf End of America http://www.metafilter.com/75443/A-coup-has-taken-place
Naomi Wolf http://www.alternet.org/rights/103554/dear_conservatives,_will_you_help_save_the_republic_from_military_takeover/
The World's Billionaires: A New Count, a New Record
By Sam Pizzigati, Too Much: A Commentary on Excess and Inequality
Forbes' latest list of billionaires reveals a global concentration of wealth that has reached truly staggering proportions. Read more »
Amit R. Paley, The Washington Post: "The financial world was fixated on Capitol Hill as Congress battled over the Bush administration's request for a $700 billion bailout of the banking industry. In the midst of this late-September drama, the Treasury Department issued a five-sentence notice that attracted almost no public attention. But corporate tax lawyers quickly realized the enormous implications of the document: Administration officials had just given American banks a windfall of as much as $140 billion."
Most Corporations Don't Pay Income Taxes
Richard Rubin, Congressional Quarterly: "Most corporations, including the vast majority of foreign companies doing business in the United States, pay no income taxes, according to a Government Accountability Office report released Tuesday."
Laurent Pinsolle | Is Free-Market Fundamentalism Immoral?
Laurent Pinsolle, Marianne2: "Governments save banks, some of the managers of which save themselves with comfortable golden parachutes. American households that have lost their homes weren't so lucky. And they'll keep on paying taxes. To save the banks. Where is morality in this system?"
Tom Engelhardt | The Ponzi Scheme Presidency: Bush's Legacy of Destruction
Tom Engelhardt, TomDispatch.com: "With Bush's 'commander-in-chief' presidency only days from its end, the price tag on his 'war' continues to soar as dollars grow scarce, new investors refuse to pay in, and the scheme crumbles. Unfortunately, the American people, typical suckers in such a con game, will be left with a mile-high stack of IOU's. In any Ponzi scheme comparison with Madoff, however, one difference (other than size) stands out. Sooner or later, Madoff, like Charles Ponzi himself, will end up behind bars, while George, Dick, & Co. will be writing their memoirs and living off the fat of the land."
REFLECTIONS ON THE FINANCIAL CRISIS AND OVERACCUMULATION
By Cliff DuRand
Like many of you, I’ve been trying to figure out what is the deeper cause behind this financial crisis and the larger economic crisis that is likely to follow. The conclusion I’ve come to may seem counterintuitive at first blush: the problem is, there’s too much money! I don’t mean the average American has too much money –so many don’t have enough to pay their mortgage, fill their gas tank, buy groceries, send the kids to college. We don’t have enough money. It’s the wealthy capitalists who have too much money. They have so much that there is a problem finding places to invest it profitably –as capitalists, that is what they seek to do: invest money in order to make more money, to accumulate more capital.
Read more at http://www.globaljusticecenter.org/articles/financialcrisis.html
By David Schweickart
Our economy is a capitalist economy. That is to say, we rely on the private savings of private individuals to provide for the investment that any healthy economy needs. But in depending on private savings, we are compelled to keep up the spirits of those with money to invest…. Let's be utopian for a moment. Let us imagine a quick transition from the deeply irrational, ultimately unsustainable economic system we presently inhabit to a democratic, socialist economy, one in which enterprises are run democratically, and economic stability no longer requires keeping our capitalists happy.
Read more at http://www.globaljusticecenter.org/articles/bailout.html
THE FINANCIAL CRISIS: WILL THE U.S. NATIONALIZE THE BANKS?
by Dan La Botz The increasingly popular sentiment that the bankers should be made to pay for the crisis opens the door to the notion of nationalization of the banks. What would it mean to have the government own the banks? Historically the Populists, various labor parties
, and the Socialist and Communist left have raised the slogan of nationalization of the banks as part of a process of bringing about socialism. … During the last couple of decades, countries as different as Mexico, France, Sweden, and Japan carried out partial or more or less complete bank nationalizations to regain control of the financial situation. Read more at http://mrzine.monthlyreview.org/labotz280908.html
How Washington's Right-Wing Wrecking Crew Robbed Us Blind
By Thomas Frank, Tomdispatch.com
Conservatives have turned a vast government built for our protection into a device for exploiting us. Read more »
$5 Billion in Lobbying for 12 Corrupt Deals Caused the Multi-Trillion Dollar Financial Meltdown
By Robert Weissman, Multinational Monitor
$5 billion in lobbying to Congress got the finance industry lucrative legislative favors that paved the way for Wall Street's devastating collapse. Read more »
Can You Trust a Wall Street Veteran With a Wall Street Bailout?
Kevin G. Hall, McClatchy Newspapers: "Making the rounds on the Sunday morning talk shows, Treasury Secretary Henry Paulson repeatedly said today's financial problems were long in the making. He should know. He was part of the Gold Rush that has brought the global financial system to the brink of collapse. Paulson presided over one of the most profitable runs on Wall Street as chairman and chief executive officer of investment banking titan Goldman Sachs & Co. from 1999 until President Bush nominated him on May 30, 2006 to take over the Treasury Department."
Joseph E. Stiglitz, The Nation: "The champagne bottle corks were popping as Treasury Secretary Henry Paulson announced his trillion-dollar bailout for the banks, buying up their toxic mortgages. To a skeptic, Paulson's proposal looks like another of those shell games that Wall Street has honed to a fine art. Wall Street has always made money by slicing, dicing and recombining risk. This 'cure' is another one of these rearrangements
Paul Krugman | Cash for Trash
Paul Krugman, The New York Times: "Some skeptics are calling Henry Paulson’s $700 billion rescue plan for the U.S. financial system 'cash for trash.' Others are calling the proposed legislation the Authorization for Use of Financial Force, after the Authorization for Use of Military Force, the infamous bill that gave the Bush administration the green light to invade Iraq."
Is the Bailout Needed? Many Economists Say "No"
Kevin G. Hall, McClatchy Newspapers: "A funny thing happened in the drafting of the largest-ever US government intervention in the financial system. Lawmakers of all stripes mostly fell in line, but many of the nation's brightest economic minds are warning that the Wall Street bailout's a dangerous rush job. President Bush and his Treasury secretary, former Goldman Sachs chief executive Henry Paulson, have warned of imminent economic collapse and another Great Depression if their rescue plan isn't passed immediately. Is that true?"
Dean Baker, Truthout: "Remember how President Bush got Condoleezza Rice and Colin Powell to run around warning about Saddam Hussein's nuclear bombs? This phony scare tactic got Congress to give him the authorization he needed to start the Iraq war. Even though his credibility has vanished, in large part because of the Iraq war, President Bush is again using a lie to cow Congress into giving him a huge blank check. This time, the check is for $700 billion, to be handed over to Treasury Secretary Henry Paulson, to spend pretty much as he wants." AGY: The Neocons know what they want to do in order to consolidate the corporate state. Let's go back to Naomi Klein and Bertram Gross.
The Pornography of Power: Lust for Empire Has Weakened America
By Emily Wilson, AlterNet
Veteran journalist Robert Scheer on the media's complicity in war, the rise of the neocons and how even Nixon got some things right. Read more »
As the "New Economy" Crashes, to What Degree Will Mainstream Economists Change Their Stripes?
By Mark Engler, Dollars and Sense
These days, establishment defectors from the doctrine of market fundamentalism are growing in number. Read more »
December Job Losses at 673,000, Worse Than Thought
Reuters: "U.S. private-sector employers shed 693,000 jobs in December, a private employment service said Wednesday in a report that was far worse than expected and pointed to more ugly news from the government's jobs data due later this week."
Financial Crisis or Economic Crisis http://www.monthlyreview.org/081201foster-magdoff.php
Yes We Can (Have Economic Justice), but We Need to Fight Like Hell for it
By Arun Gupta, Indypendent
We need to band together and organize powerful new movements across this country. Read more »
Michael Lebowitz, Build it Now http://monthlyreview.org/builditnow.htm
A list of Recessions and Depressions in the History of the USA can be found at: http://en.wikipedia.org/wiki/List_of_recessions