[Marxism] Creative Destruction: The Solid Core Behind the Financial Crisis

[Dbachmozart@xxxxxxx]

Creative Destruction: The Solid Core Behind the Financial Crisis  
Empire Burlesque - Chris Floyd
Wednesday, 17 September 2008 
"There is  great disorder under heaven, and the situation is excellent." --  
Chairman Mao

_Fedâs $85 Billion Loan Rescues  Insurer_ 
(http://www.nytimes.com/2008/09/17/business/17insure.html?ei=5070)  (NY  Times)

The bailout [of American International  Group]... effectively puts taxpayer 
money at risk while protecting bad  investments made by A.I.G. and other 
institutions it does business  with.

clip --

Do you get it now? The rich and powerful  spend years making foolish deals in 
a market they rigged with the  connivance of utterly corrupted politicians on 
both sides the aisle; their  fraudulent scheme finally collapses, exposing 
them to some of the most  horrific financial losses in history....and YOU will 
have to pay for it.  For generations. Not only directly, with the tax money 
straight from your  pocket, but even more so in the further degradation of 
national life:  infrastructure, services, programs, amenities that will be 
starved 
or  abandoned as even more of the government's money is poured out to shield  
the wastrel elite from suffering the consequences of their own rapacious  folly.

And with  all the talk of a "new Cold War," who knew that it would be 
Washington and  Wall Street, not the Kremlin, who resurrected socialism in the 
21st  
century, in what the Times called "the most radical intervention in  private 
business in the central bankâs history"? Socialism for the rich  only, to be 
sure. _Ole Joe "Bankruptcy Bill"  Biden_ 
(http://www.chris-floyd.com/content/view/192/135/)  and his bipartisan cohorts 
in Congress have long  made sure that 
any ordinary citizen -- especially the old, the sick, the  poor, the most 
desperate -- will be squeezed to the last drop to pay off  their debts, even if 
these were incurred through illness or misfortune.  But for our boardroom 
Bolsheviki,  the state is always there, to cushion and to coddle.

full --  
http://www.chris-floyd.com/content/view/1606/135/






I, John Brown, am now quite certain that the  crimes of this guilty land will 
never be purged away but with  blood.



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