While the US Navy sells working class youth the idea that fighting wars is a safe, fun, brave video game, the US Air Force has apparently just finished using White House assets to scare bejeezus out of New York City, undoubtedly as part of yet another forthcoming fascistic advertising blitz.
This has been confirmed ever since Obama chose his cabinet, and the reality just keeps getting repeated by Obama himself. The neoliberalism (not my favorite word — I prefer plain old “capitalist,” or even “market totalitarian,” both of which are less confusing and more penetrating) is an article of faith with this empty vessel/mainstream Democrat.
And the head preacher’s core message is the same old tired, outdated, utterly disproven one that capitalists and their minions always preach: capitalists need more money.
This claim has been around for ages. In Das Kapital, Marx ripped into its expression as the early 19th-century businessman’s dogma known as Say’s Law. A century later, when the dim war criminal Ronald Reagan took office and began fronting for corporate capitalism’s Great Restoration, “Say’s Law” was repackaged as “supply-side economics.” Ever since then, as Big Money has enjoyed unbroken market-totalitarian conditions, all “serious” politicians have had to pass this litmus test. Even if they don’t openly preach “supply-side economics,” each aspiring “major” leader must adhere to capital’s insistence that the one and only possible cause of economic problems within capitalism is insufficient money at the top, in the hands of the overclass.
And since the problems we face are all working off each other to feed a vicious economic downturn, we’ve had no choice but to attack all fronts of our economic crisis at once. The first step was to fight a severe shortage of demand in the economy. The Federal Reserve did this by dramatically lowering interest rates last year in order to boost investment.
How do you combat a severe shortage of demand — i.e., the lack of buying power among the masses of ordinary product-purchasers? That’s right: You make sure the investing class has more money! Then they’ll…
And there’s the rub. The obvious problem is that the rich are too rich for their own good. Capital, as it usually does, got what it asked for, and now it is too powerful. The overclass has, once again (think 1873-1893 and 1929-1940), won its own poker game.
As a result, there are really only two possible ways out of this New Depression: 1) the temporary fix of a new round of credit-cards for the commoners, or 2) major economic reforms plus a big new dose class-struggle-from-below.
Alas, Obama, for all his supposed smarts and “community” compassion, is unable and/or unwilling to understand this, being the social-climbing mainstream Great Restoration/market-totalitarian politician that he is. He simply ain’t gonna do it, folks, no matter how much pain he has to pretend to feel. Like all good New Democrats, he will choose ignominious defeat over opening the slightest crack toward questioning the system. Just listen to him.
Despite the continuing complacency of his entranced supporters, Obama is proving, as Reed has long argued, that he’s 100 percent hopeless in this core area of our collective conundrum. He is indeed a vacuous neoliberal opportunist.
I have the strong feeling that 2010 is going to look a lot like 1994. And God only knows what we’ll get in 2012, if people don’t rise up and fight this corporate bullshit…
If nothing else, this, corporate capitalism’s Third Great Depression, is tipping the overclass hand in some interesting ways.
The latest is this letter from the alleged overseer of the Fannie Mae and Freddie Mac rackets, in which we get to see how the executive faction of the investing class tries to justify the salary-based part of its immoral and egregiously outdated appropriation of society’s surplus wealth.
Compare and contrast what bosses say about ordinary employees and what this ass-clown writes about paying $159 million in bonuses to the “managers” of a crashed enterprise:
“It is not realistic to expect that experienced and highly skilled employees wil indefinitely continue to work as hard as they have if we do not provide reasonable incentives to perform…
Meanwhile, here’s my idea of the only staff they ought to be keeping:
As this New Depression unfolds, one fascinating and important thing to watch is the degree to which our overclass believes its own bullshit, despite the many reasons — not least being what you’d think would be the most obvious lessons of not-distant history — it should know better.
The steaming heap that weighs perhaps most heavily on the Business Brain is its insistence that the rich can never be too rich, that excessive wealth accumulation by a small class of major investors can never be a problem, that workers can be over-exploited.
Forgive my suspension of core sociological truisms here. We know that, in the words of Frederick Douglass, “power concedes nothing without a demand,” and that, as Dr. King wrote in Birmingham City Jail, “privileged groups rarely give up their privileges without strong resistance.” We also know that we continue to lack even weak resistance.
You money-grubbers have had your chance. You and your system are done, failed, dead, out of chances and answers. Now, yield yourselves and your schemes to make way for economic democracy and ecological reconstruction. If we need your help, we’ll let you know.