IN A NUTSHELL...IF I HAD TO EXPLAIN TO SOMEONE FROM MARS...
WHAT'S REALLY WRONG WITH THE US ECONOMY?
WE ARE TREATING THE ECONOMY "AS IF" IT IS BEING RUN ONLY FOR GOLDMAN SACHS...AND NOT FOR GENERAL MOTORS.
WHAT WAS GOOD FOR GM...MAY HAVE BEEN GOOD FOR AMERICA.
BUT WHAT IS GOOD FOR GOLDMAN SACHS IS NOT NECESSARILY GOOD FOR AMERICA... WHY?
BECAUSE WE HAVE BOUGHT INTO THIS FALSE NOTION THAT CAPITAL CAN BE "STATELESS"
OR WORSE, THAT CAPITAL HAS A "DEVINE RIGHT" TO BE STATELESS UNDER THE "GOSPEL OF GLOBALISM" AND THE "LAWS OF FREE TRADE."
AND THAT CAPITAL NEED NOT HAVE LOYALTY OR OBLIGATIONS TO ANYONE...
AND ESPECIALLY NO NEED TO BE LOYAL TO DOMESTIC OR LOCAL ECONOMIES AND GOVERNMENTS... HENCE THIS "SMALL GOVERNMENT" MANTRA.
CAPITAL ONLY NEEDS THE ENDLESS QUEST FOR PROFIT...EVEN IF IT RUINS EVERYTHING IT TOUCHES IN IT'S WAKE... INDEED FOR SOME PEOPLE CAPITAL HAS REPLACED THE STATE AS THE MOST IMPORTANT SOCIAL INSTITUTION!
THE RECENT PROFITS OF THE BROKERAGES SHOULD MAKE THIS CLEAR TO ANYONE WITH EYES TO SEE THE TRUTH...
THE QUESTION IS WHAT HAPPENS NEXT? AND HOW CAN WE REVERSE THIS DANGEROUS TREND TOWARD "STATELESS CAPITAL?"
THAT'S REALLY WHAT THIS GLOBAL "LURCH TO THE LEFT" IS ALL ABOUT...
