Monday, September 10, 2018

HOW MANY TIMES?

(Rob Urie at Counter Punch.org)

"As if on special at Metaphors-R-Us, and just in time for the primary elections, CNN published an article on fake buttons that are provided to give people the illusion of control. It seems psychologists determined that fake buttons at crosswalks, in elevators and in other public and quasi-public places convey a sense of control without the power of control. In the space between upcoming elections and the creeping realization that connected capitalists still control the country, the question is of what reform candidates can really accomplish?"

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"Graph: When Bill Clinton entered office as president in 1993 he immediately reneged on his campaign promise to increase social spending citing the budget deficit as the reason. Shortly thereafter (non-financial) private debt (as a percent of GDP) began to rise rapidly as government spending was replaced with bank loans. This increased profits for Wall Street until excessive private debt killed the economy in 2007.  National Democrats favor economic austerity because it increases profits for Wall Street. Source: Worldbank."

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"It is ironic, and perhaps wholly coincidental, that insurgent groups as diverse as Occupy Wall Street and the Black Panthers were shut down when they began demonstrating that they could build (small scale, ultimately utopian) alternative institutions. Elections are intended to change the cast of characters without challenging existing institutions. This is what Nancy Pelosi is making clear through her re-statement of the Democrat’s commitment to economic austerity. And it would seem to imply that the greatest impediment to progressive programs comes from establishment Democrats."

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