RadioRaheem84
4th March 2010, 17:28
http://mainstreetbrigade.org/
Watch the little SNL video in the middle of the screen to get what I am saying. People are understanding that banks and credit card companies are creating nothing but speculative bubbles, but what they're failing to understand is that if all it took was financial regulation to solve this mess then I am sure policymakers would've done it by now. The politicians as well as the capitalists know that there is hardly a productive economy to fall back on and that the country has been relying on debt finance to stay afloat. Regulations would actually deepen the economy further absent massive government spending to awaken the real economy.
Why can't they see this the way the Monthly Review crowd so easily and brilliantly pointed out? That this was a systematic rollback of the earlier stagnant economy of the past and a transfer of wealth from the bottom to the top. Why do they just blame it on "greed" and "banks" and little stuff like that?
Watch the little SNL video in the middle of the screen to get what I am saying. People are understanding that banks and credit card companies are creating nothing but speculative bubbles, but what they're failing to understand is that if all it took was financial regulation to solve this mess then I am sure policymakers would've done it by now. The politicians as well as the capitalists know that there is hardly a productive economy to fall back on and that the country has been relying on debt finance to stay afloat. Regulations would actually deepen the economy further absent massive government spending to awaken the real economy.
Why can't they see this the way the Monthly Review crowd so easily and brilliantly pointed out? That this was a systematic rollback of the earlier stagnant economy of the past and a transfer of wealth from the bottom to the top. Why do they just blame it on "greed" and "banks" and little stuff like that?