Catastrophic market rule for us. Which is why we need an institution like the publicy-funded credit union known as the IMF, which protects the profits of invisible and unelected investors, to likewise shield us from market discipline.
Regards, Seth Sandronsky
On Tue, 16 Jun 1998, Dennis R Redmond wrote:
> On Tue, 16 Jun 1998 Dhlazare at aol.com wrote:
>
> > I still don't see how you can have fascism within the context of a bourgeois-
> > liberal republic.
>
> The point is that the same social forces which created bourgeois-liberal
> republics also drove the creation of fascism. The Italian, German and
> Japanese fascists really didn't do anything to their European
> and Asian neighbors, remember, that the European colonial powers hadn't
> already done to their colonial territories (war, extermination, slavery,
> etc.), or that white Americans didn't do to their imported African slaves.
> Adorno and Horkheimer's "Dialectic of Enlightenment" is the classic
> diagnosis of this problem, where liberalism, far from being just a nice
> idea or a golden ideal, turns out to have sown the seeds of the later
> fascist regimes, just as the entrepreneurial economy was merely
> the forerunner to the state-monopoly welfare and warfare states which
> succeeded such. The rule of markets has always and everywhere been a
> catastrophe.
>
> -- Dennis
>
>