The current financial meltdown is the clear result of everything people on the Left have been warning about for decades.
Of course they were pooh-poohed, laughed at and derisively written off as being fear mongers. Their ideas were discredited by the corporate media and people generally accepted that folks on the left side of the political spectrum, while well meaning were completely out of touch with reality.
Of course with some people, (some-not the majority, in fact a distinct minority) making ooodles of profits the idea took root that this was indeed the way to go.
In his inauguration speech Ronald Reagan famously noted that government itself was the problem. Regulations were anathema and got in the way of profit, so deregulation became the mantra.
Margaret Thatcher also famously proclaimed that there were no societies, that there was only the market and governments role was to facilitate the market.
LET THE MARKETS DECIDE became the rallying cry of the traders and their ilk.
Well the markets have decided and melted down in an orgy of greed.
Guess who Big business and the banks turned to when this happened?
You've got it. They turned to government in order to get bailed out.
Suddenly Government became all importantm the facilitator of credit, the giver of bail-outs.
At it turns out.....The Left is right after all.
In my lifetime an unbelievable amount of real wealth, massive effort,have been expended to denigrate the Left and the values it stood for.The Left variously composed as they are, have been colourfully described as leftists, commies, pinkos, loony left....and of course the much dreaded term, liberal. With a crashed economic system, fear and insecurity among the vast majority of earths human citizens, it turns out the Left was "Right" after all!!
Showing posts with label corporate excess. Show all posts
Showing posts with label corporate excess. Show all posts
Thursday, January 29, 2009
Saturday, November 29, 2008
Turns out the Left has been right after all....
The effort that has been expended to prove that the people who are said to represent "left" values were wrong, have been enormous. Vast amounts of treasure and effort have been put into the endeavour of demonizing those who were denounced as leftists. All manner of indignity and atrocity have been employed to mute "left" values. Murder, torture, kidnappings, disappearances and yes even mass killings have occurred through time to preserve the "Rights" values.
The Lefts shrill fearmongering of yesteryear, today manifests itself in terms such as Wall Street financial failures, billion dollar Bailouts, Golden Parachutes, Executive bonuses, greed on a scale that has impovershed millions of citizens.
The Left being right is manifested in the fear and insecurity of the vast majority of earths citizens, TODAY!!
The Lefts shrill fearmongering of yesteryear, today manifests itself in terms such as Wall Street financial failures, billion dollar Bailouts, Golden Parachutes, Executive bonuses, greed on a scale that has impovershed millions of citizens.
The Left being right is manifested in the fear and insecurity of the vast majority of earths citizens, TODAY!!
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