American Samizdat

Friday, November 13, 2009. *
We know the truth. Michael Werbowski, in "America: After the Fall", tells us ...
20 years after the fall of communism, American-style capitalism has also fallen. But the downfall was silent, without any visible walls toppling or crumbling. The 9/11-like collapse of the financial firms of Bear Stearns and Lehman Brothers left no piles of rubble or slabs of fractured concrete on the ground, just lots of laid off traders and deal makers. But the brokerage and investment banks' end signaled the death knell of market capitalism as we knew it; another misbegotten ideology born out of the musings of Adam Smith, Ricardo and Milton Friedman was laid to rest unceremoniously. The troika which presumed that man’s most bestial instincts can be curbed in the pursuit of profit and happiness were wrong ...

The president’s inverted version of “perestroika” (that is, the restructuring or retooling of the economy) has been fine tuned to meet the need of the oligarchs and corporate barons who support him and prompt him behind the curtains. Obama and his czar–commissars (and his adoring minions of PR spin operatives) have deftly in a brilliant slight of hand in one swift jest, effectively expropriated the entire financial and industrial sectors in America by means of massive taxpayer funded “bail outs”. These ploys have turned the essence of capitalism upside down, by rewarding cronyism and criminal behavior to the point where “crime pays” very handsomely indeed, and enables billionaires, fraudsters and financiers to obtain great gain almost without almost any pain or punishment. These perverse policies are likely to fail. In the end, Gorbachev’s policies, although ostensibly well meaning, actually hastened the demise of the Soviet state. This later led to its fragmentation and disintegration of the communist superpower and its Eastern Empire. America’s current plight may lead to a similar outcome.

[more at P! ...]
posted by Unknown at 10:51 AM
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