More on financial stuff

[tenaya]

I'm watching Real Time with Bill Maher. One of his guests is Naomi Klein who wrote The Shock Doctrine. To bottom line their points:

The lead up to this crisis has been spectacularly profitable to Bush's friends and that's why it has been allowed to happen. Wall Street handed out 33 billion in bonuses last year. Wall Street is happy today because it's Christmas morning and all their debt has been removed. If McCain becomes president, he will use this crisis to say, we can't afford Social Security or health care and it must be privatized. He will promote even further deregulation "to speed recover." This bailout will severely handicap programs that assist Americans in need. Deregulation will breed corruption because there is no rules to stop it.

Shouldn't I be hearing these perspectives on the news and not a comedy show??

Comments

[nausica2.livejournal.com]

Well, Naomi Klein was on the news here when she presented her book (In English and translated). Ideology she's too fringe to be part of either of your parties. Here she identifies with the new social wave, which here echoe in some of the left parties.

BTW, if you want to be completely scared, read her previous book, NoLogo.

I find it completely scary that the people who have to elect such an important position have no idea about what's really going on. Not that you would have much in your hands to do, but you'd be informed!

[tenaya.livejournal.com]

I'll have to read that. Thanks.