Posted on 07/27/2011 6:45:53 AM PDT by SeekAndFind
EXCERPT:
Lest we forget, we also live in a globalized economy in which Americans are consumers of the last resort and the dollar is still the haven for the planet's hoarded surplus value. The new recession that the Republicans are engineering with such impunity will instantly put into doubt all three pillars of McWorld, each already shakier than generally imagined: American consumption, European stability and Chinese growth.
Across the Atlantic, the European Union is demonstrating that it is exclusively a union of big banks and mega-creditors, grimly determined to make the Greeks sell off the Parthenon and the Irish emigrate to Australia. One doesn't have to be a Keynesian to know that, should this happen, the winds will only blow colder thereafter.
China, of course, now holds up the world, but the question is: For how much longer? Officially, the People's Republic of China is in the midst of an epochal transition from an export-based economy to a consumer-based one. The ultimate goal of which is not only to turn the average Chinese into a suburban motorist but to break the perverse dependency that ties that country's growth to an American trade deficit Beijing must, in turn, finance to keep the yuan from appreciating.
Unfortunately for the Chinese, and possibly the world, that country's planned consumer boom is quickly morphing into a dangerous real estate bubble. China has caught the Dubai virus and now, every city there with more than 1 million inhabitants (at least 160 at last count) aspires to brand itself with a Rem Koolhaas skyscraper or a destination mega-mall. The result has been an orgy of overconstruction.
Despite the reassuring image of omniscient Beijing mandarins in cool control of the financial system, China actually seems to be functioning more like 160 iterations of "Boardwalk Empire,"
(Excerpt) Read more at latimes.com ...
I didn't bother to click on the link. Who is this jerk Mike Davis?
Aggh those wascally wepubwicans are going to make America’s government spend less! The whole world can’t bear the loss of business!
I stopped reading from that point on. Such crap doesn't deserve to be read or discussed. This is just part of the Dem propaganda to blame the Reps for Obama's disastrous policies that have failed to lift us from the recession.
How Orwellian — trying to bring sanity to our fiscal situation is reckless endangerment of the global economy.
“The new recession that the Republicans are engineering”
The Democrats are doing everything that they can to hold back, control, hamper, regulate and steal from businesses and those who start, own and run them. Ergo they are doing everything they cab to destroy the economy. They are also doing everything they can to saddle us with monstrous government debt. Doing everything they can to divert money from the productive private economy into the wasteful and destructive government economy.
It has bee said before: just look at what Democrats and liberals are accusing us of doing to see what they are up to.
“Eve of Destruction”
Recorded by: “Barry McGuire”
Written by: (P.F. Sloan)
Album: “Eve of Destruction” - 1965
The eastern world it is explodin’,
violence flarin’, bullets loadin’,
you’re old enough to kill but not for votin’,
you don’t believe in war, what’s that gun you’re totin’,
and even the Jordan river has bodies floatin’,
but you tell me over and over and over again my friend,
ah, you don’t believe we’re on the eve of destruction.
Don’t you understand, what I’m trying to say?
Can’t you see the fears that I’m feeling today?
If the button is pushed, there’s no running away,
There’ll be no one to save with the world in a grave,
take a look around you, boy, it’s bound to scare you, boy,
and you tell me over and over and over again my friend,
ah, you don’t believe we’re on the eve of destruction.
Yeah, my blood’s so mad, feels like coagulatin’,
I’m sittin’ here, just contemplatin’,
I can’t twist the truth, it knows no regulation,
handful of Senators don’t pass legislation,
and marches alone can’t bring integration,
when human respect is disintegratin’,
this whole crazy world is just too frustratin’,
and you tell me over and over and over again my friend,
ah, you don’t believe we’re on the eve of destruction.
Think of all the hate there is in Red China
Then take a look around to Selma, Alabama!
Ah, you may leave here, for four days in space,
but when you return, it’s the same old place,
the poundin’ of the drums, the pride and disgrace,
you can bury your dead, but don’t leave a trace,
hate your next-door-neighbour, but don’t forget to say grace,
and you tell me over and over and over and over again my friend,
you don’t believe we’re on the eve of destruction.
no no you don’t believe we’re on the eve of destruction.
Davis is a Distinguished Professor in the Department of Creative Writing at the University of California, Riverside, and an editor of the New Left Review.
He also contributes to the British monthly Socialist Review, the organ of the Socialist Workers Party of Great Britain.
He is a self-defined international socialist and "Marxist-Environmentalist".
-Wiki
Gag reflex kicking in
that’s why I expect those three parties to meet secretly and all agree to support one REALLY BIG LIE and things will go lumbering along pretty much as they have.
Davis is a Distinguished Professor in the Department of Creative Writing at the University of California, Riverside, and an editor of the New Left Review.
They’re rioting in Africa.
They’re starving in Spain.
There’s hurricanes in Florida,
and Texas needs rain.
The whole world is festering with unhappy souls.
The French hate the Germans,
the Germans hate the Poles.
Italians hate Yugoslavs,
South Africans hate the Dutch.
And I don’t like anybody very much!
But we can be tranquil and thankful and proud,
for man’s been endowed with a mushroom-shaped cloud.
And we know for certain that some lovely day,
someone will set the spark off...
and we will all be blown away.
They’re rioting in Africa.
There’s strife in Iran.
What nature doesn’t do to us...
will be done by our fellow man.
Kingston Trio
One of the BEST songs of my generation, along with Buffalo Springfield’s “For What It’s Worth”!
Union Sundown (Bob Dylan)
Well, my shoes, they come from Singapore
My flashlight’s from Taiwan
My tablecloth’s from Malaysia
My belt buckle’s from the Amazon
You know, this shirt I wear comes from the Philippines
And the car I drive is a Chevrolet
It was put together down in Argentina
By a guy makin’ thirty cents a day
Well, it’s sundown on the union
And what’s made in the U.S.A.
Sure was a good idea
’Til greed got in the way
Well, this silk dress is from Hong Kong
And the pearls are from Japan
Well, the dog collar’s from India
And the flower pot’s from Pakistan
All the furniture, it says “Made in Brazil”
Where a woman, she slaved for sure
Bringin’ home thirty cents a day to a family of twelve
You know, that’s a lot of money to her
Well, it’s sundown on the union
And what’s made in the U.S.A.
Sure was a good idea
’Til greed got in the way
Well, you know, lots of people complainin’ that there is no work
I say, “Why you say that for
When nothin’ you got is U.S.–made?”
They don’t make nothin’ here no more
You know, capitalism is above the law
It say, “It don’t count ’less it sells”
When it costs too much to build it at home
You just build it cheaper someplace else
Well, it’s sundown on the union
And what’s made in the U.S.A.
Sure was a good idea
’Til greed got in the way
Well, the job that you used to have
They gave it to somebody down in El Salvador
The unions are big business, friend
And they’re goin’ out like a dinosaur
They used to grow food in Kansas
Now they want to grow it on the moon and eat it raw
I can see the day coming when even your home garden
Is gonna be against the law
Well, it’s sundown on the union
And what’s made in the U.S.A.
Sure was a good idea
’Til greed got in the way
Democracy don’t rule the world
You’d better get that in your head
This world is ruled by violence
But I guess that’s better left unsaid
From Broadway to the Milky Way
That’s a lot of territory indeed
And a man’s gonna do what he has to do
When he’s got a hungry mouth to feed
Well, it’s sundown on the union
And what’s made in the U.S.A.
Sure was a good idea
’Til greed got in the way
Copyright © 1983 by Special Rider Music
When I got to the part about the Republicans engineering the recession, I stopped reading. It was in the first paragraph. I Googled Mike Davis and learned that he teaches creative writing at UC Riverside. That makes him an expert on global economics. The guy is a liberal of the nth degree that has never had to work for a living at a profit- or-loss company in his life. He wants us to all be equally poor. Enough said.
I don't know either, but here's a clue: Los Angeles Times
The world-wide economic crisis is primarily due to two things: (1) the Information Age and consequent increasing expectations of the Third World and (2) Marxist influences in the developed nations.
If the U.S.A. would eliminate the capital gains tax, corporate taxes, and the death tax; pass laws securing property rights; and pass a balanced budget amendment--capital would flow into the U.S. economy like the waters of Lake Pontchartrain into New Orleans--and the U.S. economy would soar into the stratosphere--taking the rest of the world along--including the Third World.
After all--that's the American Dream.
Now is the perfect time to act.
The rising expectations of the people of the Third World are an incentive to their productiveness.
The Third World is an enormous potential market. Think of all the needs and desires just itching to be fulfilled--all the new refrigerators and TV sets to be made and sold--all that farm land itching to be cultivated--all those people dreaming to jobs, college for their children, new ways to design new things.
And the developed nations outside the U.S. are full of people looking for a place to invest scared money!
Now's the time to implement the American Dream: liberty, justice, equality, and prosperity for all the people of the world.
But if the American people were smart enough to do that, they wouldn't have elected the politicians who now dominate Washington in the first place.
I hope this piece is not his best.
Sadly only China, India and a few other emerging market economies are rising up to the challenge of meeting the demands of consumers in developing countries.
The World is not going to grind to a halt and wait for the US to get its act together. To most of the “Third World”, the US is a place you go to shop, study or immigrate to not a place you go to do business.
Sadly—you’re right!
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