--- On Mon, 3/23/09, Jordan Hayes <jmhayes at j-o-r-d-a-n.com> wrote:
> From: Jordan Hayes <jmhayes at j-o-r-d-a-n.com>
> Subject: Re: [lbo-talk] Geithner clarifies
> To: lbo-talk at lbo-talk.org
> Date: Monday, March 23, 2009, 8:53 PM
> Wojtek writes:
>
> > I do not think it is about technical issues, Jordan.
> > It is about power.
>
> I welcome you to respond to Michael's post.
> ___________________________________
>
[WS:] I am not sure what your point is. I was arguing that what matters in this debate is institutional order based on property relations, and technical issues are for the most part irrelevant. Any solution that effectively changes the institutional order and its underlying property relations (private ownership of finance capital) is opposed by the ruling US oligarchy and thus 'off the table" as long as that oligarchy maintains its power.
Therefore, it does not really matter what the technical details of the "Swedish solution" are. The only thing that matters is that the "Swedish solution" stands for (i.e. is a code word for) a challenge to private ownership of finance capital in the eyes of both the US oligarchy and its detractors alike. As such, this option is out of question as long as the oligarchy maintains its grip on the power structures in this country. That trumps any technical merits or demerits of this solution. Debating such technical details is not only pointless but also counterproductive - it diverts attention from the real issue, the power of financial oligarchy.
Is it such a difficult point to grasp?
Wojtek