Showing posts with label US decline. Show all posts
Showing posts with label US decline. Show all posts

Monday, January 04, 2010

How China Partnered with the GOP to Screw America

by Len Hart, The Existentialist Cowboy

Chinese rulers and the US elites partnered to enslave US workers and consumers. As a result, the US became a vassal state of China, a huge population which props up the buck so that it can sell us junk via Wal-Mart.

These deals were all worked out with China by Bush Sr et al in the years following Nixon's infamous visit to the forbidden city. In these talks, US leaders, primarily the right wing/GOP, the US consumer and laborer was sold out. The US would become a vassal state, a slave state, a consumer society whose raison d'etre was to buy Chinese junk. The big losers are US workers and consumers.
I work at Wal-Mart (I'm involved in the UFCW's effort to organize W-M). One day, right after I was hired, I went around on my lunch break and just sort of randomly looked at where a whole bunch of products were made.

I think I found a blender that had been made in Malaysia. EVERYTHING else had been made in China.

I wonder how the typical US consumer would feel about Wal-Mart if it were named, say, US Corporate Capital & Chinese Slave Labor Coooperative?
--John Carter, on Facebook
The US used to make some of the products --appliances, electronic gear et al --that are now dumped on the US via an economic blight called Wal-Mart! The US ruling elite resented the high wages paid to unionized workers in affluent America. Nixon, Reagan et al solved the US labor 'problem'!

The solution: EXPORT US JOBS TO CHINA!

China pays slave wages and dumps the resulting cheap product on a US which produces very little these days. Concurrently, there are fewer futures, fewer opportunities, declining hope, rising despair --all the result of some thirty or forty years of right wing bullshit, lies, crookery and outright fraud. The GOP, for example, is not a political party. It is a crime syndicate and a kooky cult to boot!

The tragic truth can be found in black and white at the CIA's World Fact Book which lists the US at the bottom of the list with the world's largest negative current account balance, formerly called the balance of trade deficit.
While the US was spending time, resources and personnel in running 'elections' for its corrupt clients in Afghanistan and Iraq, and participating in pointless mediations between its intransigent Israeli partner and its impotent Palestinian client, the South Korean government backed a consortium headed by the Korea Electric Power Corporation in its successful bid on the $20.4 billion dollar nuclear power deal, opening the way for other billion-dollar contracts in the region (FT - page 13).
...
In contrast, the US is a declining world power with a deteriorating society resulting from its military-driven empire building and its financial-speculative centered economy:
  1. Washington pursues minor military clients in Asia; while China expands its trading and investment agreements with major economic partners - Russia, Japan, South Korea and elsewhere.Washington drains the domestic economy to finance overseas wars. China extracts minerals and energy resources to create its domestic job market in manufacturing.
  2. The US invests in military technology to target local insurgents challenging US client regimes; China invests in civilian technology to create competitive exports.
  3. China begins to restructure its economy toward developing the country's interior and allocates greater social spending to redress its gross imbalances and inequalities while the US rescues and reinforces the parasitical financial sector, which plundered industries (strips assets via mergers and acquisitions) and speculates on financial objectives with no impact on employment, productivity or competitiveness.
  4. The US multiplies wars and troop build-ups in the Middle East, South Asia, the Horn of Africa and Caribbean; China provides investments and loans of over $25 billion dollars in building infrastructure, mineral extraction, energy production and assembly plants in Africa.
  5. China signs multi-billion dollar trade and investment agreements with Iran, Venezuela, Brazil, Argentina, Chile, Peru and Bolivia, securing access to strategic energy, mineral and agricultural resources; Washington provides $6 billion in military aid to Colombia, secures seven military bases from President Uribe (to threaten Venezuela), backs a military coup in tiny Honduras and denounces Brazil and Bolivia for diversifying its economic ties with Iran.
  6. China increases economic relations with dynamic Latin American economies, incorporating over 80% of the continent's population; the US partners with the failed state of Mexico, which has the worst economic performance in the hemisphere and where powerful drug cartels control wide regions and penetrate deep into the state apparatus. --Information Clearing House, The US and China: One Side is Losing, the Other is Winning, James Petras
The US right wing robbed the US population with "trickle down theory" and other nonsense utterly unsupported with fact or evidence:

In the late 1970s, the top one percent of the US population held 13 percent of the wealth; in 1995 it held 38 percent. [Source: Source: Levy, Frank. The New Dollars and Dreams ].


  • The top ten percent of the US population owns 81.8 percent of the real estate, 81.2 percent of the stock, and 88 percent of the bonds. [Source: Federal Reserve Bank data in Left Business Observer, No. 72, Apr. 3, 1996, p. 5].
  • One percent of the US population owns sixty percent of the stock and forty percent of the total wealth. [Source: Hawken, Paul, The Ecology of Commerce: A Declaration of Sustainability. New York: Harper Business, 1993].
  • The top fifth of households saw their income rise 43 percent between 1977 and 1999, while the bottom fifth saw their income fall 9 percent....
  • Since 1973, every group in society except the top 20 percent has seen its share of the national income decline, with the bottom 20 percent losing the most. They have just 3.6 percent of national income, down from 4.4 percent a quarter century ago.
  • Indeed, the top fifth now makes more than the rest of the nation combined...Rebecca Blank, who recently left the President's Council of Economic Advisors, pointed out, ‘We've gone back to levels of income and wealth inequality that this country hasn't seen since the teens and 1920s.’" [Source: Merrill Goozner, Crash of '99?, Salon.com, Oct. 1, 1999; addendum: since 1999, the date the source was published, the situation is much, much worse. Today --just ONE PERCENT own more than 95 percent of the rest of us combined. GOP incompetence and criminality moves so fast these days, it's hard to keep up!].
The top one percent of Americans receive more income than the bottom 40 percent. [Source: Korten, David. When Corporations Rule the World, p. 108].
Federal Reserve median family net worth by percentile for 1992, 1995, 1998, 2001 (Federal Reserve Bulletin January 2003, pp. 1-36). Note the small gains for the bottom 75% of the population and larger gains for the upper 25% and that the 1998 to 2001 gains were largest. 
--US Wealth Distributions 1989-2001
Republicans bought the scam because it made them feel good about being greedy, shallow bastards. The appeal is obvious: trickle down rationalized greed but only after the fact; it made one feel good about one's worst impulses, motives, and elitist bigotry.

Saturday, October 10, 2009

The Rising Cost of Idiocy

by Len Hart, The Existentialist Cowboy

The dumbing down of America began with Ronald Reagan who made idiots feel good about being idiots. Reagan proved that not only was intelligence not required to be President, it might even be a handicap.

Reagan proved that any politician ignoring the 'idiot' voting block [the GOP] imperils his/her political future. Thus, Sarah Palin, who became an expert on Russia by observing its coast line from across the Bering Strait, is assured a growing constituency: the legion of idiots! She is the poster bimbo of idiocy! Its champion!

'Dumbing down' implies that the US still has a way to go before bottoming out! But that observation smacks of intelligence and may safely be ignored. The real idiot i.e, a GOP idiot, does not know where the f_ck we are or how we got there and is not smart enough to care! The word 'idiot' summons up images of Ronald Reagan and, more recently, George W. Bush. Unlike Bush, Reagan had essential Presidential skills. He could read cue cards. Bush could not or did not read! Reagan taught the GOP that how you say something is much more important than what is said. Bush, by contrast, was challenged to speak. 

Reagan spouted racist crap about a welfare 'grandma' who drove a Cadillac. There was no such person. It was Reagan's kindly, grandfatherly head nod that sold it. Bush, by contrast, said: "Who cares what you think?"Had a smart person told that story, he would have been pilloried as a bald-faced liar. The story was untrue but Reagan's telling of it was not only tolerated by most of us but embraced by the increasingly stupid and psychotic GOP.  

Because of that and numerous other whoppers, the GOP was thus set free to roll out their every whopper. Reagan had taken the GOP into new and unexplored territory. Think of it: there was no whopper so outrageous, no lie so egregious, no bullshit theory so incredible that it could not be sold with help from a focus group, a head nod and a smarmy, 'grandfatherly' smile.  

Reagan's idiocy became an insurmountable political advantage, an advantage that would --one day --give us George W. Bush. Reagan was not evil, they said; he was just senile! Give him a break! With this bit of GOP-logic, we should all be thankful. We are --after all --still alive. The US survived eight years in a which a senile idiot might have plunged us into nuclear war. When he thought his microphone was off, he 'reported' that he had just ordered a nuclear strike on Russia. 

The US was as close to nuclear armageddon as during the Cuban missile crisis or the little publicized incident in which the Soviet Union mistook a research launch for a MIRV heading their way. Someone had forgotten to notify them. The hero was Yeltsin who wisely waited for confirmation before launching a counter-strike that would have obliterated the US. Indeed, there is a price to be paid for idiocy, and one day we will pay it.

Others have noticed what has been called the 'dumbing down' of America. Bill Maher decried the trend; blogger Tom Degan responded: 

"We weren't always like this. Inert. In 1965, Lyndon Johnson signed Medicare into law and 11 months later seniors were receiving benefits. During World War II, virtually overnight FDR had auto companies making tanks and planes only. In one eight year period, America went from JFK's ridiculous dream of landing a man on the moon, to actually landing a man on the moon."While I admire Bill Maher a great deal, I am forced to take issue here.

This pitiful America of which he speaks is very real - of that there can be little doubt to anyone who has bothered to pay attention. But like a lot of people on the Left (I am sorry to say) he totally ignores - whether by accident or design - the undeniable advantages of living in the America of the first decade of the twenty-first century.For example:I never finished High School. In fact I dropped out at the very beginning of my Junior year. In spite of this unfortunate fact, the I.Q. of my country has dropped to such a horrifying degree in the last thirty years, whenever I arrive at a gathering of, say, two or three-hundred people, I am reasonably confident that I am the smartest person in the room.Do you have any idea how utterly cool that is? Lighten up, Bill.

--Tom Degan, the Rant

The mass media must accept responsibility for often making idiocy cute, quaint, cool, or funny. Idiocy is none of those things. Idiocy is a clear and present danger. Idiots will impoverish us all if an idiot has not plunged us into a nuclear holocaust in the meantime.

Karl Marx applied Hegel's dialectic to economics and concluded that 'capitalism' would die of its own inconsistencies i.e, idiocies! Lately, it is only dyed-in-the-wool wingnuts who are blind to the inherent 'contradictions' that have now brought the world to the brink of yet another great depression.

Karl Marx was absolutely correct with regard to the class struggle which he believed followed inexorably from the division of the world into 'capital' vs 'labor'. Bush's America is the LAB study that proves Marx to have been absolutely correct on this point. Never has the the US been so divided. Just one percent of the US population owns more than about 95 percent of us combined. I have REAMS of official stats from the US Census Bureau, Bureau of Labor Statistics, US Commerce Dept-BEA, and various think tanks and University Studies which PROVE --beyond any refutation --that following EVERY GOP tax cut, this increasingly tiny elite was enriched. If the trend continues, the ruling 1 percent will become just one half of one percent owning more than about 99 percent of the rest of the population. No nation can sustain that kind of inequality unless by the application of coercion and dictatorship incomprehensible to Americans.

Tax cuts for the wealthy --we are told --will stimulate investment and thus jobs. The official stats prove that that has never, EVER happened. Rather, windfall tax cuts wind up in offshore tax havens and other 'shelters' which HAVE NEVER INCREASED US jobs nor have they helped, in any way whatsoever, to diversify the US economy. 'Tax havens' --available only to the very, very privileged --are just one reason supply side or 'trickle down theory' has never worked and will never work. It was all a PR campaign, a focus group approved strategem --not a legitimate or valid economic theory. There is a name given the outflow of monies from an economy: contraction. Contraction of the money supply is not merely the cause of 'depression', it is the very definition of it.

The GOP rank and file told us that while US industries had all but vanished during the Reagan nightmare years, HI TECH and US expertise would save us. It didn't! IT is done in India and China. Steel is produced in Japan. Cars, it seems, are produced everywhere BUT in the US. The US boasts the world's largest NEGATIVE Current Account Balance; China --the world's largest POSITIVE Current Account Balance. Being at the bottom of that list tells me that if the US produces anything at all these days, the rest of the world does not buy it.  

China  literally 'owns' us. It is China primarily that props up the buck so that the impoverished US can buy Chinese made stuff at Wal-Mart. How smart is that? Was it intelligence that got us into this mess --or was it GOP idiocy? Don't answer; that is a rhetorical device!

Clearly, the Reaganite goppers --idiots to a person --lied to us and got away with it because we had become the bigger idiots for their cut backs in education, their domination of the mind-numbing media, the assaults made on logic and common sense. We are idiots for getting stuck with the tab run up by the idiots in power. Bottom line: idiocy is no longer an option. Get Smart!

Intrepid writer, communications expert and guest columnist Doug Drenkow observes:

As I read the -- surprised and surprising -- reactions to Pres. Obama's receiving the Nobel Peace Prize, I am reminded of something that happened ten years or so ago, when my father was still alive. I was complaining about one thing or another that then-Pres. Clinton had done. Dad, who had first voted for FDR and had years later become very embittered by Pres. Nixon -- in other words, he had seen and lived through the best and worst that our nation had to offer -- told me something I'll never forget: "A leader can't control everything. He has to work with what he's got. So he can't make everything right overnight. And he'll make some mistakes, too; he's only human. But the thing to watch is the direction he's taking us. It might be slower than you'd like, but are things generally headed the right way or not? That's how you judge a leader."

By the way, that was part of my dad giving his approval of Pres. Clinton's actions, in general and in particular for his achieving the first growth in real (inflation-adjusted) wages for American working people in a great many years. In awarding the Peace Prize, the Nobel Committee cited Pres. Obama's "extraordinary efforts to strengthen international diplomacy and cooperation between peoples."

Against the background noise of insane but persistent cries from the "birthers," Pres. Obama fulfilled his campaign pledge and spoke to the world's billion Muslims shortly after attaining office, to reassure them that -- despite what the bin Ladens (and some of the "crusaders" in our nation) say -- Americans want peace in the world, including with Islamic peoples. That was indeed "extraordinary." (Can one image Pres. Obama's predecessor making the same speech or impact?)

And yes, Pres. Obama has inherited wars in the heart of the Islamic world. But I believe he is doing everything humanly possible to not fight a "dumb war" -- as he said in his famous speech opposing intervention in Iraq -- while securing the safety of Americans, and others, in uniform and at home. He is drawing down our forces in Iraq, and even somewhat faster than had originally been thought possible, while trying to retain some sense of stability in the "Pottery Barn" we broke.

The strategy he is formulating for Afghanistan is admirably being based first and foremost upon helping everyday Afghan people stabilize their own economic and political situation (despite the apparent corruption of their leaders), which unavoidably requires security -- by our forces for now and by Afghan forces being trained -- as to protect otherwise defenseless humanitarian assistance. At the same time, American drones, special ops, and other forces are as surgically as possible disrupting and destroying al Qaeda command and control centers, leaders, and networks, now based primarily in Pakistan, which of course poses dicey problems and limitations of its own. There is no easy fix.

Whether or not we agree with his decisions, I think all of us should appreciate that Pres. Obama and his national security team, including Secretary of State Clinton, are doing their very best to be responsible, for all concerned. Remember, our allowing al Qaeda to have a safe haven previously cost us dearly, and led to the situations we are in now. Preventing further disaster prevents further war. Pres. Obama's efforts to curb nuclear proliferation are also being cited for his receiving the Peace Prize.

Every day the catastrophic potential of this threat becomes more real, as nuclear materials and technology are being disseminated and developed at an increasing rate, by nations and groups that openly and clandestinely threaten us and our allies. Pres. Obama's working with all parties -- including making agreements already with Russian Pres. Medvedev and holding the first (tentatively promising) talks between our nation and Iran in decades -- is a mark of good faith on the part of the American people in the world, after years of our -- disastrously -- "going it alone."

Pres. Obama is trying to regain -- re-earn -- for America the international good will that the previous administration squandered in the wake of 9/11. Pres. Obama has dispatched George Mitchell, who helped make the peace in Northern Ireland, to help make the peace between the Israelis and the Palestinians, another conflict that has persisted stubbornly for decades, and that inflames and complicates all the other issues in the Middle and Near East. Like Al Gore (and unlike the previous administration), Pres. Obama has taken leadership and agreed to cooperation in alleviating global climate change, another problem too big for one nation to solve alone.

And finally, remember that Pres. Obama's "extraordinary efforts to strengthen ... cooperation between peoples" does not just apply to international efforts. Like the Rev. Dr. Martin Luther King Jr., Pres. Obama I believe has won the Peace Prize for his leadership in helping make peace between people of different races -- and every other description -- here in our country, where such differences have long divided us and thus weakened us, socially, economically, and morally. America is more at peace with itself because of Pres. Obama's leadership -- and really, for what he represents to so many of us. The Peace Prize often helps give impetus to international movements that are gaining momentum, such as the fight against Global Warming. As Nobel Committee chairman Thorbjoern Jagland said of Pres. Obama's award: "He got the prize because he has been able to change the international climate. ... Some people say, and I understand it, isn't it premature? Too early? Well, I'd say then that it could be too late to respond three years from now. It is now that we have the opportunity to respond -- all of us."

It is obvious that Pres. Obama represents a new face, ethnically and figuratively, of America -- the most powerful nation -- to the world: a vision of hope through working together with, not against, one another. And that indeed is the only road that leads to peace. Pres. Obama says he is "humbled" by the Prize; I am proud of the honor he has brought to America. And I'm sure my dad is smiling down on us all.

--Doug Drenkow, Communications Consultant, Columnist

In another time, before we were 'dumbed down', someone winning the Nobel Prize would be lauded for his/her achievement. Not so, today! Since 1980, the US has entered a world on the other side of the looking glass. Idiocy is preferred over intelligence; screw ups are 'cool' and real achievement just means you're a nerd.

We used to hear a lot about 'values' from the party that now flouts every 'value' worth having,  affirming or  nourishing. If the media --Fox and CNN particularly --seem shallow, obnoxious, stupid, it's because they are but mirrors held up to this cowardly retreat from excellence.



Saturday, November 10, 2007

America begins slide into third world status

It coincides with the rising price of oil and the falling price of bucks. Three GOP administrations, Reagan, Bush Sr., Bush Jr., have presided over three pernicious trends: a falling dollar, the US loss of manufacturing preeminence, the decline of the US domestic oil industry. The sum of all three trends equals the loss of US empire. The policies of three GOP administrations have not merely failed to reverse the trends, they birthed them and made them worse with ideology, bigotry and incompetence. Those who called a new Bush regime a "banana republic" during the 2000 election debacle could not have known how prescient they had been. All has come true. The "empire" is lost.

The dollar has dropped 12 percent since the start of the year. My own sources --European bankers --tell me the dollar will continue to fall until the US has what they have termed a "credible" regime and credible leadership. Smart money all over the world is dumping the dollar for the Euro. Until Bush is retired, the American people will continue to pay for his incompetence and his lawlessness. Bush is content to finance the trade deficit on the backs of American consumers.

At the very root of the problem is the fact that in 2004, the US topped the list of oil importing nations with imports of 11.8 million barrels of oil per day. That's more than the next three --China, German, and North Korea --combined. The problem is not only oil. The US Department of Commerce reports that the US "trade deficit" --our total exports vs our total imports --has increased 18% from 2004 to a record $726 billion in 2005. US dependence on oil is responsible, says the US commerce department, for some two-thirds of the increase in the US trade deficit in 2005.

Technically, price hikes due to trade imbalance is not inflation but to a consumer trying to make ends meet with a dollar that buys less and less, what difference does it make?
There are two sides to any exchange rate: Europe's prospects matter as well as America's. In 2006 the Euro area looks likely to grow at its fastest pace for six years. That its GDP growth is modest by American standards, largely because of its slower population growth, is not the point: what matters is that this year it has surprised the soothsayers time and again. That has lifted its currency, and not just against the dollar. A euro now buys more yen than at any time since the single currency was created.

---The Economist, The Dollar Heads for a Tumble

So --when a European financial expert tells me that more and more people are dumping dollars for Euros, Americans would be well-advised to pay attention. It was not so long ago, after all, that the American right wing was advocating a boycott of French wines and "French Fries". What a ludicrous and pathetic spectacle that was! There is a sick, sophomoric mentality in America that likes to coin stupid terms like Islamo-fascism and Euro-trash. Both terms are "designer" red flag terms chosen by the GOP for their appeal to bigotry and jingoism. The US was even at that time a net importing nation of almost everything, in no position to terrify other nations with comic opera threats based upon the misconception that the US had not yet embarked upon an inexorable slide into third world status.

The unkindest cut of all is the Democratic sell out to the GOP! The result is the GOP has now "auctioned off" the office of President of the United States, an eventuality embodied in Mussolini's term: corporatism. Let's put it another way: the apparatus of the US government is now "owned" by rich, elite corporate interests who pay for the campaigns (bread and circuses), pay for the candidates, pay for the legislation they want and need to rape the environment, dominate the world's natural resources to include oil while enslaving the middle and lower classes.

Something similar occurred on March 28th, 193 AD, when the Praetorian guards, literally, sold the Roman empire to the wealthy senator Didius Julianus for the bargain price of 6250 drachmas. I haven't tried to buy drachmas (lately) but it sounds like a bargain compared to the absurdly high prices that are paid by US corporations for control of the US Presidency, indeed, the US government. Our modern day "Didius" has fared better than Julianus.
A magnificent feast was prepared by his order, and he amused himself until a very late hour, with dice, and the performances of Pylades, a celebrated dancer. Yet it was observed that after the crowd of flatterers dispersed, and left him to darkness, solitude, and terrible reflection, he passed a sleepless night; revolving most probably in his mind his own rash folly, the fate of his virtuous predecessor, and the doubtful and dangerous tenure of an empire, which had not been acquired by merit, but purchased by money.

- Gibbon, The Decline and Fall of the Roman Empire; See also: Edward Gibbon: General Observations on the Fall of the Roman Empire in the West

An important point must be made here. Gibbon reports that Julianus paid for the Roman Empire in "drachmas". "Drachmas" denotes Greek currency. At that time, the basic unit of currency in Ancient Rome was a bronze coin called an as or aes. A sestertius, another bronze coin, was worth four asses. A silver coin, the denarius, was worth 16 asses. [I will not go there!]

If Gibbon is correct, it is an indication that Rome, by that time in decline, had suffered a catastrophic devaluation of its coinage. Even now "real" money is considered by some to be "gold" if anything at all has intrinsic value. That Didius Julianus would pay in Greek currency, not Roman, indicates to me that the smart money had already dumped the as, the asses, and the sestertius for drachmas. At last, bronze would seem to have little intrinsic value as "real" money unless you had enough of it to melt down for public statuary. I would wager that only very wealthy Roman aristocracy possessed denarius, which they might have held against the complete collapse of bronze coins.


Kucinich Believes We MUST Impeach. He's right!


Part Deaux

Dennis Kucinich is correct in describing a "race to the bottom", a phrase that describes well the US decline under GOP domination and incompetence. All but Bush's increasingly tiny elite have financed Bush's on-going folly. A falling dollar is a market response to a balance of trade imbalance, a long-term decline in US exports begun, I believe, with the GOP administration of Richard Nixon.

Most economists will tell you that for most of some 50 years, the US enjoyed an economic pre-eminence if not dominance characterized by strong domestic industries, notably steel and automobile manufacturing. Since important discoveries in Southeast Texas and, later, West Texas, the US was, for awhile, the world's leading oil producing nation.

As US dominance of world supplies began to slip, "terrorism" grew worse. [ See chart at this link. ] I recently provoked the ire of the Heritage Foundation by stating and proving --to the foundation's chagrin --the simple truth: Terrorism is Worse Under GOP Regimes. More than enough stats make an equally compelling case about crime: crime is always worse under GOP regimes. That this should turn out to be the case may have something to do with the fact that since 1980, unemployment, as well as terrorism, is always worse under GOP regimes.
Job Growth Per Year Under Most Recent Presidents

Johnson 3.8%
Carter 3.1
Clinton 2.4
Kennedy 2.3
Nixon 2.3
Reagan 2.1
Bush 0.6

Based on data from the Bureau of Labor Statistics, Current Employment Statistics Survey.
I don't believe in GOP coincidence theories. There are reasons for the sorry state of nation and state. GOP policies are injurious to the nation's fiscal health, its security, and the well-being of US citizens. The GOP is endemically corrupt and dishonest. I have stated and will repeat: the GOP is not a political party is it a criminal conspiracy not unlike that described by St. Thomas More in the England of Henry VIII.
...so God help me, I can perceive nothing but a certain conspiracy of rich men procuring their own commodities under the name and title of the commonwealth. They invent and devise all means and crafts, first how to keep safely, without fear of losing, that they have unjustly gathered together, and next how to hire and abuse the work and labour of the poor for as little money as may be.

-Of the Religions in Utopia, St. Thomas More

There is a reason "terrorism" is worse under GOP regimes. As an Iranian diplomat told me in Houston almost one year ago, oil is a curse. He was not alone. Many "industry-watchers" now use the term "curse" to refer to the nature of oil exploitation that democracy, public institutions, and civil liberties are often retarded because of it. Civil liberties are most often dispensed with altogether.

Oil wealth concentrates at the top. People in Venezuela, Nigeria, and Azerbaijan enjoy few benefits of oil production their countries. We now see in the US the unseemly spectacle that other nations have always known, that is, ruthless factions scrapping for control and riches.

What is needed is a radically different approach. A recent report quotes British energy economist David Fleming:
Anticipated supply shortages could lead easily to disturbing scenes of mass unrest as witnessed in Burma this month [2006]. For government, industry and the wider public, just muddling through is not an option any more as this situation could spin out of control and turn into a complete meltdown of society.

--British Economist David Fleming in Crude Oil: The Supply Outlook, Report to the Energy Watch Group, October 2007

We may have already entered the melt-down phase. For too long, Americans were just barely aware that the price they paid for gasoline was about one-third the price Europeans paid. But you have to credit the GOP with resourcefulness. The Bush administration delivered a message to the faithful: the war in Iraq would result in lower prices even as Bush cited every other reason for waging war. To assert that oil was behind Bush's war of aggression was tantamount to treason. It was unpatriotic. It was enough to get you pilloried and ostracized. Every SUV sported a flag.

Many worry about a "hard landing". Inflation and interest rates rise as the dollar falls. A collapsing dollar threatens to make of the US a third world nation, a "banana Republican" nation, if you will. Americans had grown accustomed to the accoutrements of empire. Oil and the lifestyle it afforded was cheap. The rest of the world had a stake in keeping us afloat. After all, they wished to export to the US. That will be impossible should the dollar collapse.

Per capita oil production peaked in the 1970s. Globalization was supposed to make us rich even as it lifted millions in the "third world" out of poverty and hunger. This has not worked out as planned. The Kucinich take on all that is correct. Recently, the one-two punch of corporatization and globalization has undermined US welfare even as it threatens to end in a global crisis of our making.


Money as Debt


Additional Resources
  • Strategies and Strategists
  • Jeremy Scahill - US war of conquest in Iraq
  • Retro: Mailer and McLuhan
  • Mission Accomplished
  • The Collapse of the US Dollar

  • An excerpt:
    "Imagine being sent forward in time from 1967 to 2007. Instead of gas costing 25 cents a gallon, it's $2.50. A decent home, intead of costing $15,000, costs $250,000 or more. Imagine your shock that the average American family owes $9000 on their credit cards. Imagine entering a society where less than 2% of the cars on the road are owned by those that drive them, and less than 1% of the homes are owned by the people who live in them. Welcome to the debt based slave state of America in 2007. It is all symbolic of how the globalists have America right where they want it, and are eager to finish it off. As the dollar continues losing strength, what will this mean to the world?"






Bush Lies



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