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View Diary: The Restoration of the Rentiers (21 comments)

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  •  Well, I guess I better define "ultramontane" (2+ / 0-)
    Recommended by:
    isabelle hayes, Sunspots
    Ultramontanism is a religious philosophy within the Catholic Church that places strong emphasis on the prerogatives and powers of the Pope. In particular, ultramontanism may consist in asserting the superiority of Papal authority over the authority of local temporal or spiritual hierarchies (including the local bishop).


    The Third Way democrats strongly emphasize the prerogatives and powers of the unregulated market, over and above the authority of national governments. They are dangerous fundamentalists who are looting our country, selling it out to the foreign power of multi-national, tax-dodging corporations and third world tax havens like the Cayman Islands.

    It is no accident I chose a word that refers to some of the most bitter internecine conflicts in the history of Christianity. That is how I feel about the rentiers' latest grab for absolute power in the name of the almighty market and the sanctity of bondholders.

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