On Sep 25, 2008, at 1:13 PM, Eric wrote:
>> Since your plan has little chance of adoption under the present
>> political circs, let's talk utopias for a moment. Your scheme would
>> help out debtors, but not really change the institutional structure
>> or the preposterous fetishization of homeownership - in fact, it'd
>> reinforce the latter. A bailout of the financial institutions with
>> lots of strings attached (remember I said this was utopian) at
>> least offers the possibility of creating new instituions - public
>> and/or regulated-like-a-utility private.
>
> Why should anyone who is anticapitalist or who exists outside of the
> ownership of capital want to rebuild the financial system for
> capitalists? Let 'em rebuild their own damned financial
> institutions. This sounds like you're replacing a fetish for
> homeownership with a fetish for the *partial* socialization of
> capital. What a dreadful utopia that is.
I don't get how you autonomist/anarchist types plan to get from here to there. I'm talking about something that imaginable; you're talking about, what exactly? Anything more than imaginary?
Doug