Senator Elizabeth Warren (Democrat, Massachusetts) is one of the couple of American politicians with a progressive mindset. She has criticized the latest government funding bill because it repeals part of Dodd-Frank (notice that the Democrats are still in power, doing this re-augmentation of the power of financial plutocrats, just before leaving office, no doubt to reap their rewards when they will be looking for juicy compensations in a few weeks).
Warren also disagreed with Obama’s nomination of investment banker Antonio Weiss for the Treasury Department (not the first time Obama names such a fat cat to watch the hens, a method now copied by Hollande).
Warren will never be part of the real government of the USA (those are people such as Weiss, or (famous for her “Fuck-Europe”) Nuland who stand just below the figure heads (Obama, Hagel, Kerry, etc.) Or then she will have to do what she is told.
It is true that some American politicians instituted forceful reforms: the two Roosevelts and JFK were from a plutocratic background, and the three of them were also warriors (real ones). Johnson, however rotten, rode JFK’s assassination to pass a progressive agenda, and Eisenhower, with his 93% upper margin tax, was also a warrior.
In all cases, progressive American politicians were extremely aggressive types. In comparison, Bill Clinton, a spineless schmoozer, made it so that the financial derivatives market went from 80 TRILLION dollars to the present 800 trillions.
So the financial derivatives market is about 12 times WORLD GDP. In other words, for one transaction among the low lives, the fat cats make 12.
Here comes Krugman, in his latest, “Made As Hellas”:
“The Greek fiscal crisis erupted five years ago, and its side effects continue to inflict immense damage on Europe and the world. But I’m not talking about the side effects you may have in mind – spillovers from Greece’s Great Depression-level slump, or financial contagion to other debtors. No, the truly disastrous effect of the Greek crisis was the way it distorted economic policy, as supposedly serious people around the world rushed to learn the wrong lessons.”
Well, I have several twists on this: first, the fundamental crisis was the financial derivatives crisis in New York and London. Second, as I will show, the wrong lessons were taught by the usual cast of deviant characters and their servants. It was, it is, a case of intoxication with the wrong ideas, to poison the world’s entire economy, thus its society, and future. to profit the few who hold the strings.
Krugman pursues: “What happened last time, you may recall, was the exploitation of Greece’s woes to change the economic subject. Suddenly, we were supposed to obsess over budget deficits, even if borrowing costs were at historic lows, and slash government spending, even in the face of mass unemployment. Because if we didn’t, you see, we could turn into Greece any day now. “Greece stands as a warning of what happens to countries that lose their credibility,” intoned David Cameron, Britain’s prime minister, as he announced austerity policies in 2010. “We are on the same path as Greece,” declared Representative Paul Ryan, who was soon to become the chairman of the House Budget Committee, that same year.
In reality, Britain and the United States.were and are nothing like Greece. Now Greece appears to be in crisis again. Will we learn the right lessons this time?
I have no idea how events in Greece are about to turn out. But there’s a real lesson in its political turmoil that’s much more important than the false lesson too many took from its special fiscal woes.”
Krugman is superficially correct, but fundamentally naïve.
An elite of sort-of thinking thieves conspiring with the world’s biggest plutocrats, rules, abuses, exploits, and splurges.
That elite of robbers has run out of sophisticated bogus arguments which everybody believes in, so, now, they are trying to present themselves as incompetent . but they then add that anybody else would do much worse than they do.
In other words, the plutocrats and their political accomplices and agents use now their own incompetence as a cover-up.
How do I know that they deliberately use incompetence as a cover-up?
I saw recently the worst accusations being flung at some cabinet ministers in France (where it is a crime to insult the members of the government) and against others, such as Juncker (a fitting name, close to “junk”).
Juncker, the new head of the European Commission, who, over a quarter of a century, as Finance Minister, and then Prime Minister of Luxembourg, organized outrageous tax evasion of the order of trillions of Euros by some of the wealthiest individuals and corporations in the world, thus putting in misery hundreds of millions of Europeans. Juncker, is arguably, one of the world’s top criminals, ethically speaking. His monstrous crimes leave him impassible: apparently he has seen, or committed, worse.
So how do these extremely high level politicians react, when they are told, in public, they are greedy, thieving, conniving, low lives? Well, they react as if they fully expected those complaints and insults: they find them natural. Why? Obviously because they did, indeed, commit them, and they know very well their crimes are in plain sight.
We have many examples of the worst regimes in the last 4,000 years of recorded history, when regimes went astray, and yet, they found many to serve them.
We are experiencing now such a case. Basically all European politicians, and the political system they grew from ought to be thrown out, and replaced by direct democracy. How? Just copy what is done in Switzerland.
The problem is the same in the USA. But, as the world’s largest national economy, and military, and networked empire, the USA plutocrats have fed their servants with more crumbs. Hence the more subdued and less revolted state of the American populace.