tag:blogger.com,1999:blog-37798767.post6476701649123158150..comments2023-12-13T04:20:40.592-08:00Comments on Middle-Class Death Trips: Two EconomiesChris Newfieldhttp://www.blogger.com/profile/01078395415386100872noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-37798767.post-62764260786940787002009-08-30T03:34:47.747-07:002009-08-30T03:34:47.747-07:00i vote for limits on exploitation starting with un...i vote for limits on exploitation starting with understanding how this actually works, which I think we're moving towards in the case of subprime loans and some other things, maybe even healthcare. Jubilee would actually be revolution. Remember ye olde 1970s when Volker was brought to the fed to stop the revolution known as inflation . . . we've been caught in this frantic, delerious countermovement for 30 years. See Greenwald's depressing overview of blue dog Obaman reasons for why we still are (http://www.salon.com/opinion/greenwald/2009/08/27/democrats/index.html) ugh, and also hmmmmChris Newfieldhttps://www.blogger.com/profile/01078395415386100872noreply@blogger.comtag:blogger.com,1999:blog-37798767.post-1950436239664827852009-08-29T20:43:25.995-07:002009-08-29T20:43:25.995-07:00Is a "reset" the same as a "revolut...Is a "reset" the same as a "revolution" that breaks the back of the prevailing order, or is it more like, say, finding a 50 year "of jubilee" that puts things back and sets a limit on personal exploitation of basic assets, or can it be done by regulatory interventions (is incrementalism reform possible for a reset?) or does one reset by building something that competes, successfully with the rapacious, derivative-hedge-insurance-betting-speculating wealth-sucking status quo? Is playing derivatives really "capitalism"? or something more like betting enabled by risk contracts that manipulates markets?Gerry Barnetthttps://www.blogger.com/profile/02697981765225241196noreply@blogger.comtag:blogger.com,1999:blog-37798767.post-2358898627225352902009-08-29T08:40:53.915-07:002009-08-29T08:40:53.915-07:00yes! either that or the other way around.
the tim...yes! either that or the other way around.<br /><br />the time has come to push the reset buttonChris Newfieldhttps://www.blogger.com/profile/01078395415386100872noreply@blogger.comtag:blogger.com,1999:blog-37798767.post-4272455219916158102009-08-29T08:31:10.891-07:002009-08-29T08:31:10.891-07:00Is it possible this two economy thing, which looks...Is it possible this two economy thing, which looks entirely plausible, is a sign that we've moved into something that isn't capitalism any more, but something that is parasitic on capitalism? Just as, say, organized crime might be parasitic on a first economy?Gerry Barnetthttps://www.blogger.com/profile/02697981765225241196noreply@blogger.com