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robertogreco : nationalization   3

Chris Hedges: As a Socialist, I Have No Voice in the Mainstream - Pt 6 of 7
"I think we’re in this kind of strange period when the language we use to describe our economic and political system no longer matches the reality. I mean, laissez-faire capitalism—we don’t live in a system of laissez-faire capitalism when the federal government bails out these institutions to the tunes of trillions of dollars and then keeps pumping out free money from the Fed and handing it to—that’s not laissez-faire capitalism. And yet I’m sure that if you went to Wharton or Harvard Business School, they would still be teaching this fictional system. And we haven’t yet moved into a period where the vocabulary we use to describe our reality matches that reality. And that’s always a revolutionary period, because there’s a disconnect between the way we speak about ourselves and the way we actually function. And that’s where we are. And so we in many ways are searching for the words to describe what’s happening to us and then to articulate another vision of where we want to go. And we haven’t gotten there yet."

[via: http://scudmissile.tumblr.com/post/56796659481/i-think-were-in-this-kind-of-strange-period-when ]

[The rest in the series at The Real News website with transcripts:
part 1 http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=10441
part 2 http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=10449
part 3 http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=10456
part 4 http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=10461
part 5 http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=10468
part 7 http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=10486

And on Youtube:
part 1 http://www.youtube.com/watch?v=p1JF94vovww
part 2 http://www.youtube.com/watch?v=XR0oGJ2yrmc
part 3 http://www.youtube.com/watch?v=5vWcyetC3CI
part 4 http://www.youtube.com/watch?v=GCjMdOo7KkY
part 5 http://www.youtube.com/watch?v=Ff-G0DPkBv8
part 6 http://www.youtube.com/watch?v=OX6n861Gu6Q
part 7 http://www.youtube.com/watch?v=hNm_GAIXOWw ]
change  revolution  chrishedges  socialism  economics  language  capitalism  corporatism  environment  sustainability  2013  ows  occupywallstreet  politics  bailouts  corporatesocialism  businessschools  corruption  society  reality  transition  disconnect  nationalization  coldwar  neoliberalism  activism  socialunrest  socialactivism  movements  barackobama  trends  pauljay  elites  elitism  liberalelite  justice  gender  multiculturalism  identitypolitics  workingclass  nafta  outsourcing  stagnation  labor  wallstreet  finance  power  us  history  poverty  journalism  radicalism  radicalization  class  nytimes  socialjustice  goldmansachs  moralimperative  ralphnader  alternative  christiananarchism  anarchism  anarchy  richardnixon 
july 2013 by robertogreco
potlatch: from economics to violence
"Bonuses have reached a scale now where they can quite legitimately be understood as a fiscal issue. Once again, the concept of 'fairness' obscures the issue. The fact that a banker earns in 15 minutes what a cleaner earns in a year (or whatever) is mind-boggling, but slightly distracting from the political logic. More significantly, next month banks will pay out £7bn in bonuses to their own staff, earned through trades and fees earned as intermediaries. Given that this is occurring in a semi-nationalised, government-backed industry, it is surely far more relevant to compare that £7bn to the £3bn being cut from university tuition. "
economics  politics  banking  violence  funding  education  highereducation  highered  disparity  bonuses  2010  uk  nationalization  fairness  power  class  society 
december 2010 by robertogreco
Do not rely on bankers | vox - Research-based policy analysis and commentary from leading economists
"There is another argument, implicit or explicit, for the nationalisation of banks; we can not trust bankers not to leave with the cash, let alone spend any of the assistance provided by the government in the public interest. Two recent studies that analyse the experience of recent years show that bankers will not hesitate to enrich themselves at the expense of the public if they have the opportunity."
banking  crisis  nationalization  2009  policy  economics  government  regulation  finance  bailout 
march 2009 by robertogreco

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