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View Diary: Robert Reich warning: Right's constant lying could lead to rise of demagogue (234 comments)

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  •  I worry about the cipher at the center of Willard (15+ / 0-)

    In his article, Taibbi summarized the overthrow of 150 years of U.S. economic history like this:

    [Romney]'s been right with them on the front lines of the financialization revolution, a decades-long campaign in which the old, simple, let's-make-stuff-and-sell-it manufacturing economy was replaced with a new, highly complex, let's-take-stuff-and-trash-it financial economy.
    People like me went to A&M schools with tens of thousands of the like-minded to learn either how to make stuff or to farm stuff.  We respect the stuff that works left to us by the generations who built it, and seek to build upon it.

    But Willard and the financialization Pac-Men don't know and don't care about making anything.  We all know that Willard's only measure of success is making money, but it's crucial to see what Taibbi points out: that's all he knows.  Willard couldn't craft a plow, or a steel bar, or a paper airplane:  he has no point of reference except money, and the Soprano-style bust-outs that made it for him. He's so amoral that he thinks that that's success.

    Perhaps he'll do what you say:  farm it all out to the criminals at AEI.  But he's just as likely to see it as his mission to finish the job of financializing the U.S., because he's too stupid to grasp that he's HAL, we're Dave, and the rushing vacuum is what he and his moronic MBA buddies are trying to finish.

    •  your last paragraph sums it all up. Little people (7+ / 0-)

      are fleas biting his ankles.  And 'finish the job of financializing the U.S' is to he and his friend's benefit.  Bingo, you got him pegged now.

    •  We've lost our way (4+ / 0-)

      I think you've nailed not only Willard but the Republican leadership (who are desparately struggling to keep the Tparty from taking control.)  At one time, "capitalism" meant using money to build factories to make stuff.  You needed capital because plant and machinery were expensive.  But now, it seems to have nothing to do with making anything.  Instead, it's buying and selling pieces of paper - paper that may represent other companies and people's lively hoods.  But those companies are nothing but black boxes that consume cashe, produce cash, or can be traded to someone else for cash.  There is no need for people in a cash-centered capitalism.  That's why I don't think Mitch McConnel could care less if nobody every got a job again.  Jobs are just expenses.  

      I'm still po'd about Nixon.

      by J Orygun on Wed Aug 29, 2012 at 09:42:10 PM PDT

      [ Parent ]

      •  yup (2+ / 0-)
        Recommended by:
        SuWho, Hillbilly Dem

        When finance is the demure servant of enterprise, society has a chance to succeed.   When it becomes the insolent lord of enterprise, feudalism is at the door.

        If you haven't read Taibbi's article, I can't recommend it highly enough.  You may know everything he covers, but he's a master of putting it into the right words.

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