20 September 2008

"The end of the boom / bust cycle" Ha ha. Hardy ha ha.

This is what Naomi Klein thinks about recent events:

Nobody should believe the overblown claims that "free market" ideology is now dead. During boom times it is profitable to preach laissez-faire, because an absentee government allows speculative bubbles to inflate. When those bubbles burst, the ideology becomes a hindrance, and it goes dormant while government rides to the rescue. But rest assured: the ideology will come roaring back when the bailouts are done. The massive debt the public is accumulating to bail out the speculators will then become part of a global budget crisis that will be the rationalisation for deep cuts to social programmes, and for a renewed push to privatise what is left of the public sector. We will also be told that our hopes for a green future are too costly. If the state can intervene to save corporations that took reckless risks in the housing markets, why can't it intervene to prevent millions of Americans from imminent foreclosure?

(from today's Guardian).

Of all the commentators I've read (and I've not read so many newspaper and internet articles since 9/11), this to me feels like the closest position to my own. There is another way to go (real belief in a need for green change, recognition that we are more than billions of individuals with a shared worship of shopping, a move away from running the world according to the demands of agribusiness / industry), but we're not ready to go there for some reason. No party in the UK is willing to change the fundamentals, and clearly McCain and Palin won't be doing so when they are elected. So, get ready to watch the world worsen. More war? Oh go on then.

11 September 2008


There is definitely a limit to how much tinned mackerel one man can reasonably be expected to eat in a lifetime.