The American economy has been greatly reduced by the looting and now the collapsed bubbles...
Basically Global Capitalism failed...just as Marx said it would...
The best case for Marx is that the strongest economy in the world now...is China...a Communist State...
The Chinese Modified Marxism...into a blended economy... using the "efficiency" of the state sector to get things done...and the profit motivation of the private sector to grow. And it has worked well in China...
Where the Russians went wrong is falling into a stupid Arms Race with the west...for a war that no one thought would really happen... But the Russians never could govern themselves...thats why they had autocracy for so long... The Chinese are very united with one culture for 2000 years...that place is almost like a "Hive"....its scary...
The Chinese...in true oriental fashion...used the weaknesses of western Capitalism...namely insatiable greed...to defeat the west...
Who would have thought in the 60's and 70's...that nearly EVERYTHING sold in America would be "Made in China"....!!
It was a slow process by which the America people were duped... But capital has been plotting against Labor and the New Deal from the start... Curiously the rich do even worse during Depressions than the poor...it is doubtful they will be able to "hide" in Singapore and Hong Kong for long...
The so called 'culture wars'...gays, guns, abortion, flag burning, prayer in schools...were used by the International Capitalists...through their Republican Party...to achieve their goals...
Capital always has been "international"...because it can be moved...were people and labor are more or less fixed in one location... that was always the advantage of capital...
The nearly continuous wars of the 20th Century... concentrated capital in the US as a "safe haven"...but with the end of the Cold War...capital felt safe to start wandering...and even made China the economic wonder of the world..!
Of course the US consumer has been destroyed... Its appropriate that Krugman is finally calling this down turn a "Depression"...
The question of what history will call this depression era is unresolved...
I would call it the FED Depression...because without the FED's help Wall Street's looting could have been stopped...
The Bush Depression is another possibility because the collapse happen after 8 years of Bush policies.
The Bubbles played a part in putting up a smoke screen behind which International Capital could work....
The Culture Wars also allowed the Internationalists to "hide" their real agenda from Americans...until it was too late to do anything to save America...
Americans were too stupid...or really naieve...and too lacking in historical "class conscieousness" to see what Eurolanders have lived through over their long history...
Net Net it makes NO DIFFERENCE...who is elected in November...NOT ONE BIT... FRANKLY I'D JUST AS SOON LET ROMNEY TAKE IT...BECAUSE HIS CLASS WERE THE CAUSE OF THIS CATASTROPHE
The Titanic has HIT THE ICEBERG...
SO FORGET THE ARRANGEMENT OF THE DECK CHAIRS AFTER THE COMING ELECTION...
JUST FIND SOMETHING THAT FLOATS...!
Basically Global Capitalism failed...just as Marx said it would...
The best case for Marx is that the strongest economy in the world now...is China...a Communist State...
The Chinese Modified Marxism...into a blended economy... using the "efficiency" of the state sector to get things done...and the profit motivation of the private sector to grow. And it has worked well in China...
Where the Russians went wrong is falling into a stupid Arms Race with the west...for a war that no one thought would really happen... But the Russians never could govern themselves...thats why they had autocracy for so long... The Chinese are very united with one culture for 2000 years...that place is almost like a "Hive"....its scary...
The Chinese...in true oriental fashion...used the weaknesses of western Capitalism...namely insatiable greed...to defeat the west...
Who would have thought in the 60's and 70's...that nearly EVERYTHING sold in America would be "Made in China"....!!
It was a slow process by which the America people were duped... But capital has been plotting against Labor and the New Deal from the start... Curiously the rich do even worse during Depressions than the poor...it is doubtful they will be able to "hide" in Singapore and Hong Kong for long...
The so called 'culture wars'...gays, guns, abortion, flag burning, prayer in schools...were used by the International Capitalists...through their Republican Party...to achieve their goals...
Capital always has been "international"...because it can be moved...were people and labor are more or less fixed in one location... that was always the advantage of capital...
The nearly continuous wars of the 20th Century... concentrated capital in the US as a "safe haven"...but with the end of the Cold War...capital felt safe to start wandering...and even made China the economic wonder of the world..!
Of course the US consumer has been destroyed... Its appropriate that Krugman is finally calling this down turn a "Depression"...
The question of what history will call this depression era is unresolved...
I would call it the FED Depression...because without the FED's help Wall Street's looting could have been stopped...
The Bush Depression is another possibility because the collapse happen after 8 years of Bush policies.
The Bubbles played a part in putting up a smoke screen behind which International Capital could work....
The Culture Wars also allowed the Internationalists to "hide" their real agenda from Americans...until it was too late to do anything to save America...
Americans were too stupid...or really naieve...and too lacking in historical "class conscieousness" to see what Eurolanders have lived through over their long history...
Net Net it makes NO DIFFERENCE...who is elected in November...NOT ONE BIT... FRANKLY I'D JUST AS SOON LET ROMNEY TAKE IT...BECAUSE HIS CLASS WERE THE CAUSE OF THIS CATASTROPHE
The Titanic has HIT THE ICEBERG...
SO FORGET THE ARRANGEMENT OF THE DECK CHAIRS AFTER THE COMING ELECTION...
JUST FIND SOMETHING THAT FLOATS...!
