Crash You Heard? Temple of Corporatism Falling

[marmar]

via CommonDreams:



Published on Monday, September 29, 2008 by the Waco Tribune-Herald (Texas)
Crash You Heard? Temple of Corporatism Falling
by Charles Reed


Not only has it failed - it has failed miserably. Now, as in 1929, it will take decades of high taxes and hard work just to clean up the mess it has left us with. But something good could also come of it.

On that recent Sunday evening, I read online that Lehman Brothers was going into bankruptcy. I instinctively knew that was it.

I told my sister and my wife that the stock market was going to crash the next day. It did.

The stock market crash and financial meltdown on black Monday marks the end of the unfounded faith in unregulated capitalism - the main pillar of the conservative ideology. Conservatism was the main casualty on Wall Street that day.

It now appears that America is being forced to choose between fascism and socialism. Not so fast. A little procrastination can sometimes be a virtue.

Isn't it ironic: George W. Bush and Henry Paulson telling us that a $700 billion bailout of the Wall Street moneychangers is needed because only the moneychangers who caused the problem know how to fix it?

The perpetrators must be bailed out, and their innocent victims must be punished.

In the words of Franklin D. Roosevelt, who guided America through the Great Depression, it's time once more to drive the moneychangers from the temple. It's time to restore moral government - government of, by and for the people. It's time to end corporatism. ......(more)

The complete piece is at: http://www.commondreams.org/view/2008/09/29-0

[DJ13]

1. the stock market was going to crash the next day. It did.

Were so spoiled by the always higher markets nowadays that some people dont even understand what a real market crash will look like.

A 4% down day is NOT a crash.

[whistle]

2. Corporatism = Fascism so I would think that the crashing sound would be a good thing

[arcadian]

3. It's in it's effort to dismantle the federal government and regulatory agencies...

The conservatives have destroyed their own party? They have succeeded in the destruction but destroyed themselves in the process. This doesn't make sense. There is a lot of deep politics going on here that the people aren't privy too. Unless the objective is to create a new paradigm.