Zack Exley:Pray to the Gods of Capital, Or Build a New Economy

[lildreamer316]

Zack Exley
Kansas City
Posted: December 6, 2009 09:43 PM

Pray to the Gods of Capital, Or Build a New Economy

<snip>

Reich is the best of liberal economic thinkers. It helps that he's a political scientist, not an economist: he deals with how capitalism actually works, not how it's supposed to work according to ideal models of either the left or right. But like all respectable thinkers of the current era, he restricts himself to a world in which imagining planned, non-capitalist economic progress is off limits.

We, the generations inheriting the messes of the 20th century, need to leave that world behind. We need to start imagining, working out and preparing for a global, coordinated economic transformation on the scale of a world war -- not only to restore jobs to people who had them, but to restore means of making a sustainable living to everyone on Earth. That would mean redirecting something like half of global economic activity for a decade or two to build up not just new infrastructure but whole new industries, and to clear away the ruins of the old.

<snip>


The American public is finally listening to the diagnosis of realistic liberals like Reich now that the financial bubbles that masked our fundamental economic problems have burst. But do they have the patience for Reich's long road to redemption? No. While Americans support stimulus spending, infrastructure and education, they will never rally behind them as a cause. Why not? Because they're smart: they understand that those measures -- though very helpful -- won't rebuild our physical means of making a living, and will at best improve people's situations very gradually.



http://www.huffingtonpost.com/zack-exley/pray-to-the-gods-of-capit_b_382060.html

[Skip Intro]

1. You know, with just a little letter switching, Zack Exley becomes Ex Zackley (...exactly...)

I guess someone with a screen name of skip intro really has no room to talk.

[zeos3]

3. In Skiptro ???

:evilgrin:

[madmom]

5. That's Ex Zackley how I read it at first. lol

[lildreamer316]

2. Kick

[sasquatch]

4. Bravo!

:applause:

[mother earth]

6. Reich is right, it's exactly where our focus should be. Sadly,

it's been a sidebar issue. I had really hoped for some FDR measures, but I think there'll be no choice but to take some eventually since capitalism has encouraged corruption to the point of our hijacked democracy.

Funny how it was the same evil Jefferson fought. Those founding fathers...