Wednesday, May 28, 2014

The Rentier Empire Strikes Back?

   (Commentary posted by Roger Erickson)

The decades from 1970-2000 are looming as an abject failure of situational awareness and assessment. The class war Luddites were just waiting for faintly plausible excuses to continue old ideology?

200 years of Revolution, writing a Constitution, reinventing democracy, waging civil war, trust busting, Square Deals, New Deals & 2 world wars .... and then we go back to idiotic, class-based NeoLiberalism?

How pathetic. Where's the Greatest Generation, and how do we get them back?
Ignore aggregate demand & general welfare of the people, & return to previously discredited ideas? Werks fer mi!
And subsequently also throw out any attempt at regulating our own frauds?
Madness Posing as Hyper-Rationality: OMB's Assault on Effective Regulation

1 comment:

Roger Erickson said...

“ There are but two powers in the world, the sword and the mind. In the long run the sword is always beaten by the mind. ”
— Napoleon Bonaparte

Just not this generation. :(