Bad Suits and Profit
The Goldman -Sachs execs got a chance to explain their "risk management framework" and the concept of selling short to Congress yesterday. The Congressmen displayed the required outrage that Markets aren't more ethical but the gamblers refused to apologize for doing what everyone knows they do. I like how one analyst put it: If a guy wants you to sell him an ugly suit you sell him an ugly suit. Why should they bow and scrape for zealously practicing their religion?
This whole elaborate theatre assumes an American public either ignorant or naive. These companies exists to make profit because that is the only reason to exist.It is the highest good and the only justification necessary for anything. Telling these guys they were supposed to have other considerations is like telling a dog not to sniff another dogs butt. That's what they do.In a capitalist democracy there are no obligations to anything other than the God of Profit.
And Congress is a partner to the whole scheme. They would all sell the man the suit and all keep their noses in each others asses. The interesting thing is the tone the various commentators take when they explain it is all just a giant casino. Some sort of snicker while others try to keep it somewhat serious but the curtain of mystical complexity has been lifted to expose a bunch of WISE GUYS. In an unfortunate timing sequence, Senate Republicans are blocking the Dodd reform bill because they want to get government off our backs. The "ecstatic escape of unreason", as Fritz Stern calls it, has now replaced baseball as the national pastime.You can still get a $35,000 dollar a night room at the Four Seasons in NY.
In the background the stock market is reacting to Greece and Portugals recent downgrade.Those industrious, Marshall Planned Germans don't want to bail out their slothful Union comrades but will. Greeks will march and strike with a new credit card.
Good thing there is always that Constitutional ambiguity possibly allowing for secession ( from the website Texas Secede).Chris Hedges discusses modern secession movements as a positive aspect of all this revived libertarianism and posits that this might be a more logical way to organize ourselves. Vermont, maybe. Texas? scary thought.
posted by troutsky @ 9:30 PM
10 comments
10 Comments:
Hedges is absurd to suggest that secession movements are positive in any manner.
Just because he calls himself a socialist, doesn't mean that he is.
Vermont is not a nation. It doesn't face any national oppression. People there are allowed to speak English, own property and vote.
The Vermont sessionists are on the right track--
“The movement, at its core, is anti-authoritarian,” said Sale, who works closely with Naylor and spoke with me from his home in Charleston, S.C. “It includes those who are libertarians and those who are on the anarchic community side. In traditional terms these people are left and right, but they have come very close together in their anti-authoritarianism. Left and right no longer have meaning.”
The more I read, the more I like it!!
"The movement correctly views the corporate state as a force that has so corrupted the economy, as well as the electoral and judicial process, that it cannot be defeated through traditional routes. It also knows that the corporate state, which looks at the natural world and human beings as commodities to be exploited until exhaustion or collapse occurs, is rapidly cannibalizing the nation and pushing the planet toward irrevocable crisis. And it argues that the corporate state can be dismantled only through radical forms of nonviolent revolt and the dissolution of the United States. As an act of revolt it has many attributes."
In spirit it reminds me of the utopian communities of the early 19th century."Over a fifty year period (1805-1855), almost a hundred utopian communities were founded in the U.S." from Picture Imperfect by Russell Jacoby.
Ren, I view it as a step towards autonomous rule,if not socialist revolution. It is a realization of where we are, not where we wish we were.
Kultur, it embodies the split between property libertarian and anti-property.The political resolution points to a way forward.
Wow, the market took quite a tumble today. Seems that Goldman Sachs is being mentioned with really bad words like "felony" and "grand jury".
Troutsky: In the absence of a labor party, and the involvement of the working class, pre-Marxist and reformist ideas will find an audience.
What bothers me, is how little Hedges knows about the national question.
Lets refight the Civil War. We need to get all the Commies into Vermont
before they succeed.
FYI The idea to succeed is entirely communist. Actual Vermonters think these these transplants from MA and NY are kooks.
I would sign up for this one. Of course people like Che Sponge Bob talk about revolution and the FBI yawns. They only start arresting
people when they subtract Marx and have an actual work ethic. Being a Commie requires laziness and no original thought.
Lemmings of the world unite and follow Renegade Testicle off a cliff. Lets recreate slavery with
Che Bob running a new plantation.
Forget Goldman... this will be the real bullet through the heart!
http://mikeruppert.blogspot.com/2010/04/gulf-oil-leak-catastrophic.html
BEAKidiot
the word is secede not succeed
For kulture Klown
Let the commies start a revolt. I personally will pay to create genuine social justice. I am a man of law but once Commies pick up a gun they are targets.
I might even send a few to the taxidermist. Hopefully they will be wearing their Red berets and Che shirts before hunting season.
I might have to go to the local range and start practicing.
Commies are cowards like Bill Ayers, Joanne Chesimard and the Unibomber. They never pick a fight with an armed population. Better to
starve the masses first.
Post a Comment
<< Home