We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lappé, excerpt from Time for Progressives to Grow Up

Friday, January 28, 2011

The FCIC, in Lockstep with the Officialdom, Refuses to Use the “C” Word

by Yves Smith from Naked Capitalism.

Read how the US government investigates the ruling class which owns it. I am referring to the Financial Crisis Inquiry Commission report issued yesterday on it findings about the latest economic collapse. Guess what? They found the banksters, not guilty! As Smith concludes:
The FCIC report is destined for the...dustbin of history.... It is a document of and by well-meaning insiders that just can’t deal with the corruption they were supposed to investigate. It’s a psychological crutch maybe, or perhaps a denial mechanism, but it doesn’t really matter. This report is just a cover-up, the same kind of cover-up that is allowing the thieves to escape with their loot.

Nothing will come from the generation in power who created this mess. They just don’t have it in them. The bad guys will steal again. I mean, crime pays. Besides, who’s going to call it crime, anyway?
Listen/view Michael Hudson's assessment of this report from Real News (8:28m video).
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