Sunday, December 09, 2007

The Central Bank: Silent Partner In the Bloodletting

A nation’s economic system is a reflection pool. The face that looks back from the water is the face of the culture and the prevailing ethos. It’s no different with America. The stewards of the US economic system — Paulson and Bernanke — are inextricably linked to a political/military establishment which has been thoroughly marinated in a culture of violence and corruption. Paulson’s “Marshall Plan” for subprime homeowners is just the gloved hand of the autocrat. The other hand is still busy gouging out eyes at Guantanamo, or clubbing foreign nationals at CIA black sites, or dropping incendiary bombs on schoolchildren in Falluja. It’s all the same. The culture of war and demagoguery has its roots in the economic system. Its financial leaders are just as culpable as any low-ranking GI at Abu Ghraib.

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