Surprise surprise America, all the worst predictions about our democracy/corporatocracy/kleptocracy/idiocracy are coming true, right before your very eyes. We are living in a tyrannical, totalitarian system, the likes of which I’m sure Hannah Arrendt would no doubt be fascinated by. Our leaders dutifully building the ultimate weapon designed to destroy human free will. According to Marketwatch, the list of reasons we’re marching on the path to conflict, which I will copy-pasta for your perusal:
1. Expect nothing positive from Dems, the GOP or Tea Party
Yes, we’re all “justifiably ticked off.” But “Democrats, Republicans, and yes the Tea Party offer little that is encouraging.” Earlier Morici warned: “Democratic capitalism is in eclipse. … Politicians have deceived voters,” and are “suffering from delusions of grandeur, self deception and good old-fashioned abuse.”
2. Democracy has become too-big-to-govern … by anyone
“The current economic quagmire is a bipartisan creation.” Bush failures led to a “Great Recession … reckless Wall Street pay and fraud, a breakdown in sound lending standards by Fannie Mae, Freddie Mac … Countrywide, and a huge trade deficit with China and on oil” leaving “Beijing and Middle East royals with trillions of U.S. dollars that they invested foolishly” in bonds “financing the housing and commercial real estate bubbles.”
3. Clinton, Bush, Obama policies all feeding revolutionary flames
Even before Bush, “all was set in motion by bank deregulation engineered by Clinton … Secretaries Robert Rubin and Lawrence Summers … Clinton’s deal to admit China into the World Trade Organization” handed “China free access to U.S. markets” while blocking exports. Earlier Dems blocked “domestic oil and gas development” and froze “auto mileage standards.” Obama “finally imposed higher mileage requirements,” but after pushing offshore drilling, he “punished the entire petroleum industry” for the BP disaster.
4. Bush’s biggest mistake: Goldman CEO Hank Paulson
Morici admits: If Bush is “culpable for anything, it was to not see the gathering storm on Wall Street.” Worse, his Treasury picks were disasters: [John] Snow was clueless, Paulson devious. He conned a clueless Congress into bailout trillions, “believing banks could borrow at 3% and lend at 5 and pay MBAs three years out of school five-million-dollar bonuses to create mortgage backed securities.” Greed drove the Bush Treasury.
5. All partisan political leaders are destined to sabotage America
One thing is clear to Morici: Not only were America’s leaders a “bunch of second-rate incompetents” on both the Clinton and Bush teams, “Obama’s ratcheting up government spending and taxes won’t fix what’s broke, and neither will the GOP prescription of tax cuts and deregulation.” Get it? Democracy is in a classic double-bind, no-win scenario.
6. America’s democratic capitalism trapped in systemic failure
Morici simply dismisses “Obama’s two signature initiatives — health-care reform and financial services reregulation.” They “simply don’t work.” Why? Politicians “failed to address the root problem, Americans pay 50% more for doctors, hospitals and drugs, than subscribers to national health plans in Germany, France and other decadent socialist European countries.” Yet, insurers hate reform, will self-destruct America first.
7. Wall Street’s insatiable greed is a virus that never sleeps
Wall Street banks are “back to their old tricks,” warns Morici, “hustling municipal governments into the kind of quick-fix budget schemes, like selling parking meters and airport fees.” Why? Wall Street’s “hustling shoddy corporate bonds that lack adequate collateral and may never be repaid” to justify their absurd mega-bonuses. And they’ll keep doing it till the revolution creates a new non-capitalist banking system.
8. New political leaders offer no hope — Wall Street rules America
GOP’s next leaders will fail: “Cutting taxes and mindless deregulation are not the answer.” We need the revenue. They have no real plan to trim “$1 trillion from federal spending … few believe deregulation will fix health care or Wall Street.” The GOP has no “effective government solutions to health care, Wall Street, fixing trade with China, and dependence on foreign oil.” And the Tea Party “only offers a purer form of failed Republicanism. Tax and spend less, and turn the country over to the robber barons.”
9. Praying for a messiah, we’re sleepwalking till the revolution
Morici’s solution: America “needs a prophet, another Harry Truman or Ronald Reagan.” But we’ll never get one, until a catastrophe hits. Wall Street’s so greedy, so corrupt, so untouchable, so much in control, they will bankroll and control all future “prophets.”
10. The Second American Revolution coming
Yes, extreme austerity: “Americans must accept fewer government-paid benefits — for the rich, the poor and those in between — and must acknowledge the market works best most of the time, but it is not working in health care, banking, China, and oil.” Huh? Sounds like classic economist’s double-speak: “The market works most of the time” … except the market doesn’t work at all in the four biggest economic sectors? Fuzzy thinking?
Morici warns, we need “new approaches to regulating, yes regulating, what the medical industry charges, bankers pay themselves, what Americans tolerate and buy” and “guiding big oil and car companies to sustainable solutions.”
Holy cow, he suddenly sounds more like a liberal politician than conservative economist. Yes, he’s reflecting the total chaos coming on the short road to the Second American Revolution.
In the end, however, you have to admit the good professor does make a lot of sense: “Sounds radical but running the world has never been a choice between statism and anarchy,” says Morici.
Choice? Unfortunately, he offers a false choice: Running America effectively means accepting “that the private sector is not the enemy and government is not evil, but neither can serve the other, and us, if value is not seen in each.”
Laudable, but impossible because once the GOP Tea Party of No-No is back in power, compromising is not on their agenda, “gridlock” is. So anarchy is the only choice — they will never, never work with Democrats … until forced by the Second America Revolution when the middle class finally rises up and overthrows the greedy wealth conspiracy of Wall Street, Washington, CEOs and the Forbes 400.
Till then, anarchy rules as the conspiracy keeps looting Treasury, stealing from taxpayers, conning us all
THIS. So many people have dismissed libertarians/anarchists/minarchists and try to give the minimal government argument a bum rap, but what they feel to realize is that SHEEEEEEEEEIT, we’re always in a permanent state of anarchy and uncertainty about the future. Do we really need to keep living in the fictitious world the ruling class tyrants attempts to foist upon us?
As for democracy being too big and unwieldy, it’s true… we have an upper limit on social order in large groups, but can coordinate efficiently WITHOUT government getting in the way. A return to the Greek style city-state republics and cooperative national defense would be ideal. But we all know we are not living in an ideal world and much… MUCH bad government and false authority must be swept away before this country can consider itself turning around.
I have a feeling there are only so many indignities people are willing to put up with before there’s a snap and the angry retaliatory mob takes to the streets, to hell with permits.