Thursday, September 25, 2008

Wall Street Crisis An Attempt To Shock Us Into Submission

First things first.

The most important book you have not read is Naomi Klein's The Shock Doctrine: The Rise of Disaster Capitalism. In it, Klein gives example after example of how the Milton Friedman's Chicago School of Economics has wreaked havoc on democracies and economies around the world under the (false) pretense of spreading free market ideas through democracy, whereas as a matter of fact democracy has often been the first casualty of free market expansion.

Now, Klein wrote an article that you need to read in order to understand the perils and the true intent that hide behind the financial crisis that this administration, with the complicity of an impotent Congress, has allowed to happen, much as many say that 9/11 or Katrina were allowed to happen (through ineptitude, willful neglect, or--as some maintain--by design).

Just today, the Wall Street bailout plan was halted in its tracks when it seemed that Congress had reached agreement. All of a sudden, Republicans pulled out of their hat, full of no end of tricks, a plan that would involve suspending the capital gains tax for two years. Now Republicans are showing their true colors: subsidizing the wealthy is their credo.

Ignore Klein's voice at your peril.

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