Surviving Capitalism (Not) : “We Are in a Cabal... Five or Six Players ... Own the Regulatory Apparatus. Everybody Is Afraid to Regulate Them"

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

Saturday, April 3, 2010

“We Are in a Cabal... Five or Six Players ... Own the Regulatory Apparatus. Everybody Is Afraid to Regulate Them"

from Washington's blog. Why do you think that everyone is afraid to regulate them? The people behind these blood-sucking institutions are the ruling class. Congress, the President, Supreme Court, etc. are all political theater to distract us. It's a kind of April Fools joke played out every day of the year. The people acting in this political theater are essentially employees of the people who own and run the big banks, especially the biggest one of all--the Federal Reserve. Really! And there are no Santa Claus and Tooth Fairies either! It's time we all grew up.

...a bevy of bailed-out firms, including Citigroup, JPMorgan and Goldman Sachs, formed a new lobby calling itself the Coalition for Business Finance Reform. Its goal: to stand against heavy regulation of "over-the-counter" derivatives....