[Peace-discuss] This is interesting!

[John W.]

On Thu, Feb 19, 2009 at 11:00 AM, E. Wayne Johnson <ewj at pigs.ag> wrote:

 Alan Greenspan is to Laissez-faire Capitalist as Judas Iscariot is to
> Christian.
>
> Neoconservativism sucks.
> The neocon logic is consistent.
> They believe in privatization of profits and socialization of losses.
>

Neoconservatism DOES suck.  But for a more nuanced view of the current
economic crisis, read William Greider's  "One World, Ready Or Not: The Manic
Logic of Global Capitalism".  Published in 1997, it has proven to be
profoundly prophetic.  And Greider  explains in great detail what's been
going on for the past 30 or 40 years.

John Wason



> LAURIE SOLOMON wrote:
>
>  The laisser-faire capitalists  must have a special definition of their
> own for nationalism so as to be able to promote it when it is in their
> interests without lessening their condemnation when it is in the interests
> of the ordinary man in the street.  I particularly like the qualification
> "temporary" which I take to mean until you get the banks to the point that
> they will be profitable for the corporate elite to be given them back so
> that they can continue to acquire wealth for their own private good.
>
>
>
> One only discovers how truly strange the rules of the neocon economic world
> is when it fails and starts to come apart.
>
>
>
>
>
> Greenspan Backs Bank Nationalization
>
> http://www.truthout.org/021909N
>
> Krishna Guha and Edward Luce, The Financial Times: "The US government may
> have to nationalise some banks on a temporary basis to fix the financial
> system and restore the flow of credit, Alan Greenspan, the former Federal
> Reserve chairman, has told the Financial Times. In an interview, Mr
> Greenspan, who for decades was regarded as the high priest of laisser-faire
> capitalism, said nationalisation could be the least bad option left for
> policymakers. 'It may be necessary to temporarily nationalise some banks in
> order to facilitate a swift and orderly restructuring,' he said. 'I
> understand that once in a hundred years this is what you do.'"
>
>
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