prole Posted October 1, 2008 Share Posted October 1, 2008 Whether the current bailout deal addresses the underlying crisis or not, whether it's good for taxpayers or not, what the political chaos it's creating is telling global elites is that liberal democracies, politics, and "the people" are incapable of understanding and managing crises in the current form of global capitalism. What it means for them is that the Chinese model is looking really good right now. What it means for us is that the waves of deregulation that have occurred under the banner of "free market" ideology are inherently undemocratic and if unchecked will lead toward anti-democratic technocracy. When we gave up our oversight and regulatory systems we allowed ourselves to be taken hostage. And when our choices are depression or slowly being bled to death for generations to come, we are being held hostage. Quote Link to comment Share on other sites More sharing options...
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