[lbo-talk] Kucinich on money

Shane Mage shmage at pipeline.com
Mon Sep 29 19:16:13 PDT 2008


On Sep 29, 2008, at 9:04 PM, Doug Henwood wrote:


>
> On Sep 29, 2008, at 9:52 PM, John Thornton wrote:
>
>> Kucinich opposes the privatized nature of the Federal Reserve
>
> The Fed hasn't been an agent of austerity since the Volcker years.
> They should really update their critique, these populists.

Nader has always considered the Fed an agent of centralizing financial corporate control over the economy, irrespective of whether its doing this by inflating or deflating. Kucinich seems to have grasped this perfectly, though he doesn't have the guts to treat his fellow Dumbocrats the way Ron Paul treats his fellow Repugnicons.

And what's with this fetishistic denunciation of "populists?" None of the anti-duopoly campaigns has defined itself that way. But Obama and McMelanoma--what was said during their shadow-boxing match last Friday that was anything but the rankest populist demagogy? The Obamists even pride themselves on how well they do it!

Shane Mage

"Thunderbolt steers all things...it consents and does not consent to be called Zeus."

Herakleitos of Ephesos



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