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

Tuesday, May 10, 2011

Bill Gross and his Good Ship Lollipop

Click here to access article by Jim O’Reilly from his blog, Comments on Global Political Economy.
Bill Gross, bond market tycoon and manager of the world’s largest bond fund, apparently believes his fellow millionaires and billionaires are divinely entitled to positive risk free real returns on their hoards.  And because the US government hasn’t been providing them lately, he aspires to be the “captain” in a “Caine Mutiny” “revolt” against this rising “repression”.  It’s class warfare, plain and simple.
The US holders of US debt, also known as The One Percent, are apparently not satisfied with bleeding the American public dry, by forcing them to cut back on health care, education, and social supports in order to pay the debt holders such as Bill Gross more in risk free interest payments.

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