By the way, this phase of the crisis may be over: (1) A letter to a congressman suggesting that the Braves should get Congress to shut down Major League Baseball until the Dodgers are willing to negotiate the results of the division series *has* played on TV---on a sports show, apparently! A metaphor that folks can understand. (2) Koch Industries has sent a letter to Harry Reid denying any support of the shutdown (probably a nondenial denial in the sense that it may be true that the corporation didn't support it but only the Koch brothers personally). They may well be feeling a bit high after the McCutcheon arguments yesterday.
On Wed, Oct 9, 2013 at 8:44 PM, c b <cb31450 at gmail.com> wrote:
> Two reason's the tea Republicans may be doing the bidding of the 1% in
> forcing a default on the US national debt:
>
> 1) If the US defaults, it will be an excuse for Wall Street to raise
> the cost of borrowing for decades increasing 1% profits over the long
> run.
>
> 2) One capitalist always kills many, especially in crashes, panics and
> depressions, when they can buy up a lot of failing capital cheap. So,
> the tea Republicans have long been blocking government actions to help
> "the" economy; and that's because,not only were they trying to make
> Obama look bad, but the "one" capitalists, the corporations with the
> greatest concentrations of money want another recession so they can
> clean up on weak capitals, cutthroat competition. Another slang
> expression of this is "when the going gets tough, the tough get
> going", going to cannibalize other capitals.
>
> 3) The capitalist ideological leaders and economists have long
> accepted that recessions, panics,crashes are cyclically inevitable in
> capitalism. So, they have decided they can survive and exploit them
> best if they start them, with planning in advance. They have also won
> a too-big-to-fail
> bailout doctrine as US policy.There is a long history of government
> bailout of corporations (
> (History of U.S. Gov't Bailouts
> http://www.propublica.org/special/government-bailouts
> :http://en.wikipedia.org/wiki/Too_big_to_fail)
>
> The decades of
> universal cyclical crises have drummed negative dialectics into the heads
> of
> the practical bourgeoisie.
>
>
> "The contradictions inherent in the movement of capitalist society
> impress themselves upon the practical bourgeois most strikingly in the
> changes of the periodic cycle, through which modern industry runs, and
> whose crowning point is the universal crisis. That crisis is once
> again approaching, although as yet but in its preliminary stage; and
> by the universality of its theatre and the intensity of its action it
> will drum dialectics even into the heads of the mushroom-upstarts of
> the new, holy Prusso-German empire."
>
> Karl Marx
> London
> January 24, 1873
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