Creating Crisis

Bailing Out Freddie and Fannie

This is a regulatory function of the modern bureacratic political economy.

Despite the conventional wisdom, it is not a function of substituting, or correcting, for market failure. The market did not fail. It was not allowed to operate by regulatory authority in priority. Rather, regulatory authority was designed and acted to allow for consolidation of capital and markets that defeats the collective wisdom and practical utility of pluralistic processes, like a free and unconsolidated marketplace, toward an easily manageable, predictable, and legitimately self-correcting fundament of economic theory and practice.

If regulatory authority does not ensure pluralistic processes in priority, the result is a complex of economic techniques that further alienate the fundamentals from the problem. The result is an economy that is operating with a false self-correcting operational mechanism and legitimacy that creates a reliance on technocratic management of the crisis it creates, which is what is wrong with it.

This kind of economic modeling (elitist modeling) requires central management and control--a command economy.

The very people that denounce socialism and communism as command control of economy have created it for you and argue that it is the result of free market economics. It is a fraud. It is the model of corporate fascism in operation in which a few plutocrats fancy themselves the supra sovereigns of society. They are the criminal element, a few of whom are in the process of being prosecuted, like Broadcom executives, but that is not sufficient. These are just well-paid lieutenants of the fascist form of power.

It is the model that needs to be changed: from corporate elitism to corporate pluralism in which the free market mechanism is truly and legitimately operating to produce the public good, which will be a genuine supply-side economics that renders the demand-side economics (an economics of deprivation) we have now a crude conceit of consolidated corporate power and corruption.

The McCain camp is not the agent for this change.

We need change that genuinely fulfills the requirement for legitimate pluralistic processes that make for a world in which the collective wisdom is allowed to operate with the predictable patterns of peace and prosperity, and not the tyranical machinations of a conceited, consolidated corporate always innovating new ways of creating classic economic crisis and ways to manage it. McCain is just an element, presented as an unwilling tool, of this innovation.

The McCain camp is a continuation of the fraud.

Real, much-needed change is found with Obama and Biden.

If you vote Republican, you vote for the means of your deprivation.