Saturday, June 26, 2010

How Big Foundations and Wall Street Elites are Legitimating Their Plans to Balance the Budget

from Counter Punch. An excellent report on the latest battle waged by the US ruling class in its war against working people.
While one function of the U.S. government (perhaps the main function in recent decades) is to facilitate capitalist accumulation on ever-greater scales, another function, more a necessity growing out of the pain and dislocation that wealth accumulation creates, is to legitimate rule, oftentimes by stabilizing an otherwise brutal socioeconomic structure.
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...on Saturday these AstroTurf town hall meetings, occurring in 19 major cities and dozens of other locations, will provide cover for what is otherwise a foregone set of conclusions that include recommendations that the Congress and White House cut and privatize many social programs.