Rove and Wolfowitz's role

[Carl Remick]

>From: Brad Mayer <bradley.mayer at sun.com>
>
>Here's my quick 'structural' take, in schematic:
>
>1) US is confronted with biggest crisis in political economy (in reality, 
>not in the
>academy!) since the Great Depression;
>2) Ruling class 'norm' paralyzed in face of this crisis - it doesn't know 
>what to do
>(look at Dems and most of Repubs, look at Greenspan, etc);...

I think in a certain sense the Iraqi crisis *does* come out of the "guts of 
capital."  Those guts have churning with distress for a while now.

After all, decades of deregulation ultimately did not usher in a "New 
Economy" of enduring capitalist bliss for the masses; they merely brought 
back the catastrophic boom/bust dynamic of olden times.  Capital could no 
longer deliver on the dreams it had been peddling to the masses since at 
least Reagan.  At some level, capital realized that it had to change the 
channel, that it had to stop appealing to "economic man" -- who was getting 
increasingly testy about the collapse of his 401(k) -- and instead appeal to 
good old-fashioned "patriotic man," who isn't concerned with grubby details 
like the state of his retirement savings and wants to bomb Iraqis not 
investment bankers.

The Iraqi crisis is basically a deliverance for capital.

Carl

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