Perhaps the moral of the debt crisis and austerity measures and protests in Greece is that the financial sector now trumps both government (national sovereignty) and civil society, certainly in Greece, and increasingly in Europe and the U.S. Post at Naked Capitalism with comments that go to the heart of it. The Hedge Funds want the Parthenon, the water supply, Yosemite, whatever can be sold at bargain prices to pay unpayable debts. Those making the sale from the government side will rotate to the Bank or Hedge Fund Board. Capitalism and Democracy are now divorced, and Capitalism walked off with the house, the cars, the investments, and left Bankrupt Democracy to care for the starving children out there in pup tents, among the broken unions, the homeless, the disenfranchised veterans of our wars. The plan is working as planned. The name of the plan, Sucker, is Freedom.
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November 04, 2011
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Blogging Philanthropy from A DumpsterTo Whom it May Concern
Gifthub is an immortal work of art in theMenippean Tradition,written in a Padded Cell (he calls it a Dumpster for obvious reasons) in a state of shock by Phil Cubeta, Morals Tutor to America's Wealthiest Families, under an alias, or alter ego, The Happy Tutor, Dungeon Master to the Stars in Wealth Bondage...... More....
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Posted by: Tough Lopper | November 04, 2011 at 09:03 PM
Capitalism was not always what it is today. Nor Democracy. Here's a guy who is at some pains to chart the development of corporate capitalism. You can download the talk and the transcript for the usurious sum of $5.
http://www.alternativeradio.org/products/gror002
Posted by: Tom Matrullo | November 06, 2011 at 07:29 PM