The US is using the same tactics to save our economy it used to bring us here. Congress and the Pres.-elect’s new team are actually cheering it on.
EXCERPT from “Bailouts, Double Standards, and Hypocrisy” by Kevin Carson:
More generally, I think this highlights the problems of equating “capitalism” to “the free market.” In neoliberal orthodoxy, supposedly, labor and capital are just coequal “factors of production.” So why name an economic system after one of the factors of production, in particular? What we’re seeing is that, beneath the ideological veneer of “free contract” and all the rest of it, some “factors of production” are more equal than others. That’s why, when Costco pays its workers above-average wages for the retail industry, business analysts squirm with the same undisquised moral disapproval that some people reserve for diamond-studded dog collars. But when a Bob Nardelli or Carly Fiorina gets a retirement package worth tens or hundreds of millions, after gutting their companies to massage the quarterly numbers and game their own bonuses and stock options, that’s just the way “our free enterprise system” rewards them for “the value they created.”
What the politicians and journalists are for, behind all the “pro-market” rhetoric, isn’t the market at all. It’s the interests of capital.
What we need is the genuine article: a free market without special privileges or artificial scarcity, without subsidies and corporate welfare, and without market entry barriers and other protections against competition. Of course, if we had that kind of free market, there wouldn’t even be a General Motors.
As the US screams for the State to ease economic woes, the American people forget that the State doesn’t make anything to sell and therefore has no wealth to give. The State only offers overpriced, incompetent services (coerced upon the People) that only serve the enhancement of its own growth, power, and domination over us by creating problems where we react in fear only to beg for the State to help us. When one asks the rational question, ‘Cui bono?’ one sees that scenarios like recessions don’t begin with the problem, but the State solution [sic] rejected by the People. After that rejection, the State creates a problem that deceives people into thinking it’s our fault when the problems wouldn’t exist without the State’s meddling.
Pres.-elect Obama’s reaction is to enhance the State’s window-breaker status with “dramatic action as soon as possible” with a $1 trillion stimulus [sic] package of borrowed money that doesn’t exist that can never be paid back. Mr. Obama pledges to “create jobs” but has already broken his promise to relive small businesses that hired more workers. Lucky him that Congressional Democrats won’t get on board, so now his administration can pick the winners and losers in the marketplace — the evil, rich, cynical banksters that put him in office who he handed $10 trillion in September.
Peter Schiff, president of Euro Pacific Capital, predicted this crisis years ago and addressed the systematic, not tactical, causes. Instead of breaking down the system, the State wants to introduce tactics with the inevitable result of hyperinflation. Tactics presented to help the working-poor that carry the inevitable result of the most regressive tax in our monetary policy — inflation — that negates and further rips away at the people who the State are claiming to help the most.
Peter Schiff did an interview with Russia Today where discusses how Pres.-elect Obama is surrounding himself with “everyone who’s been wrong” that “argued” with “the only person that saw this coming” in the effort to continue the “phony American economy.”
Peter Schiff on Russia Today – Part One (5:54):
Peter Schiff on Russia Today – Part Two (5:54):
Zimbabwe is a country with a cholera crisis that’s taken the lives of at least 2,225 and affected 87% of the country’s districts. The UN points to a social and economic “meltdown” in social and economic facilities in Zimbabwe, hit by hyperinflation, that’s generated a regressive cycle of “infection and re-infection.”
If the American people really want have a country like Zimbabwe who just started printing Z$100 trillion notes, worth an estimated US$33, let me know so I can leave for a place where I don’t need a wheelbarrow of cash to get a loaf of bread.