Friday 28 December 2012

down on cripple creek or stockholm syndrome

By engaging in the politics of terror, I think the United States is poised to play a very risky game that risks it becoming a caricature, mockery of the democratic process. It is unfair to lay blame squarely and solely on one party faction, since there is more than ample blame to go around—including the voting-public and the abstentious, but I think it is a safe assertion to point to one cadet wing of the Republican Party, trenchantly conservative and angry, as blocking compromise and negotiation.

This one faction is hijacking, ransoming  US policy, and as a result, is not only holding captive its close associates but also the broader Republican Party, the entire legislative branch and the executive besides, not to mention the ameliorating US economy, only just shooed away from the precipice and it’s not going to be something fun or exciting like a roller-coaster or going over the edge of a waterfall in a barrel—that has already been done. On some levels and in some ways, too I fear, the hostages are starting to identify, relate to their captors, though most are roundly alienated and marginalized. By all measures, the US economy is driven by consumer spending and consumer sentiment and not the ripples and tides of investment and abstract enterprise, but sacrificing the former at the bidding of the latter proves that authentic finance is just more and more relegated to show and pretense.