Tuesday 10 March 2009

red menance

Rather than understanding the Swedish bank reform model--that Obama is eyeing, as remediation, Americans shudder, sometimes violently, that the banks are going to be nationalized, that America is on a slippery slope towards socialism. Media sources like to call it the "S-Word," I hate that--which s-word and why for are you afraid to spell it out? Socialism is always bigger than mere economy--more over, it is about public good and welfare, and I don't think America is under a serious assault from the forces of socialism. The only form of welfare that the US has mastered is the corporate kind, with bail-outs, kick-backs and rank protectionism. Revolutions were sparked in order to give the worke his and her share in the means of production. America does not make much, nowadays, the factories long since shuttered. There has not been a viable auto-industry or agricultural production in years. America is a highly abstract services industry. There will be no revolution for a stake in the loan underwriters' association or for the celluar service provider--it's not food on the table and it's not even the mobile phone, just the trafficking and the usury.