>Doug, any possibility
>the mainstream is catching up to you?
My experience has been the only time they call is when we're very close to a bottom in the financial markets.
>Chomsky
>maintains this kind of stuff
>is getting mainstream ink because the
>policy-makers are getting really really
>scared of what's going to happen and who's going
>to get hurt when it does.
Which policy makers? I think the U.S. elite has made its irritation with Euro-austerity pretty clear; I think they're beginning to realize that the country can't handle the growing debt load that comes with being the world's consumer of last resort.
As for the rogue superpower thesis - the Western Europeans are doing a pretty poor job of protesting, if their policy makers are scared or annoyed. I talked with Daniel Singer at the Socialist Scholars Conference yesterday. He agreed with me that the EU is showing no signs of independent political life; he described the situation as Britain like a poodle on an American leash, with the French and Germans showing even less will of their own than a leashed poodle. I have to confess I'm completely mystified by Dennis Redmond's view of the war as a Euro-affair. But the war does seem to be stiffening Russian and Chinese alarm at U.S. behavior - and the election of the nationalist as governor of Tokyo suggests that maybe Japanese alarm is rising too, at least at the popular level.
Doug