On Feb 17, 2011, at 10:37 AM, Doug Henwood wrote:
>
> On Feb 16, 2011, at 10:19 PM, Shane Mage wrote:
>
>> Populist capitalist demagogues (Sarkozy out in front, even of the
>> Coburns and Levins) love to blame "speculators" for the fact that
>> they just can't help transferring speculative *losses* (but never
>> speculative profits) onto workingclass taxpayers via TARP etc.
>
> You're making no sense. Is this some sort of mental block traceable
> to an orthodox Marxoid belief that finance is just epiphenomenonal
> froth?
Have you ever listened to Sarkozy? "Finance" guaranteed against losses by the bought-and-paid-for state power of big capital, far from being "epiphenomenal froth," represents the "pompe aux finances" of the ever more Ubuesque modern capitalist system.
Shane Mage
"Thunderbolt steers all things." Herakleitos of Ephesos, fr. 64