[lbo-talk] We've Crossed the Line from Capitalism to Socialism

dredmond at efn.org dredmond at efn.org
Wed Sep 24 01:02:37 PDT 2008


On Tue, September 23, 2008 4:04 pm, boddi satva wrote:


> And please, tell me how you really feel about the piece.

Ah, but there's an even deeper layer of irony here: the bailout only *appears* to depend on US socialism. Look at the money trail, and it's clear the funds have to come from *other peoples' socialisms* -- the accumulated surplus of the Eurostate, the East Asian developmental states and the SWFs.

The events of August 8, 2008 have convinced me of one thing: these latter aren't going to spend another yen/yuan/ruble/euro on this place unless Obama wins.

The November 4 election is the ultimate arbitrage play. If the Rethugs steal another election, our creditors walk away from the table. Why should they pay for another four years of jackass militarism, hectoring tirades from petro-fundamentalist lunatics and global warming denialists, whose answer to two lost land wars in Asia is to create a third in Iran and a fourth in Georgia, and who are plundering the US public till with the delicacy and grace of mutated locusts out of grade-Z science fiction? Not. Going. To. Happen.

-- DRR



More information about the lbo-talk mailing list