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

Sunday, October 21, 2012

Why are we bailing out the banks? part three – Lies and Opposition

Click here to access article by David Malone from his blog Golem XIV (UK).
At the end of part two I suggested that the mainstream justification for bailing out the banks, namely that by so doing we have provided them with the money they need in order to lead the rest of us to recovery by investing in the real economy – was what Goebbels and his boss would call The Big Lie. The banks have demonstrably and unequivocally NOT used the money they have taken from the public purse to invest in the real economy. Nor are they going to.
Why not?
Excellent article which attempts to clarify issues about money, the recent economic collapse, and the austerity policies of the various One Percents. I'm not sure why I didn't post the earlier parts, but you can access them from this posting. I got so involved in the earlier posts and the astute comments following each post that I've run out of time for today's postings.