The End of the Neoliberal Economy
The good news for economy – I use the word in its old, perhaps archaic, sense – keeps on coming, but we are told the current “economic” crisis is a tragedy for the nation’s living standards. Far from it. First of all, let’s define economy. What we are hopefully entering is a period of real economy, which means conserving, scaling down, simplifying, saving, spending prudently and wisely and only for the things that one needs. A decent meal of greens and simple protein (I suggest beans and rice and spinach), good drink (Budweiser works wonders), clothes and shoes that last and can be mended for the long haul (try old military surplus and paratrooper boots), shelter that is modest and affordable but functional and not a credit scam. Having a beautiful wife or girlfriend who doesn’t like to wear clothing also helps.
But everywhere the consensus trance holds that a slow-down of consumption signals the End Time, the shuttering of hope, chance, freedom. Look no further than how the New York Times spins it from the usual gibberishing oracles: “The last few days have devastated the American consumer,” says retail consultant Walter Loeb. Americans, avers Loeb, “all feel poor.” Really? So too we are meant to believe that “when consumers get concerned about…their country, they need entertainment,” per the wisdom of the Entertainment Merchants Association. So too is it “amazing how much even these 10-year-old girls are aware that something is going on,” the chairman and chief executive of Tween Brands tells us, who has been traveling the country to “listen to moms and little girls.” And what does the CEO hear? “Mom is saying, ‘I can’t afford that.’”
Tragic, darkness at noon, a nightmare I tell you. The reporters in the mainstream press, as dimly discerning as dreamers who know nothing but the dream from which they can’t awake, escort us through the envisaged circles of hell of this “unaffordable” world. The benefits of the descent are manifold but tacitly unrecognized: the malls no longer trap rats with credit cards, the casinos no longer suck blood from the arms of degenerates, the lousy restaurants no longer make you nauseous for $100 a plate (gasp – the Times reports that the ungrateful citizens are eating at home!), the retailers no longer ask you to throw away perfectly good shoes, the jewelers no longer sell to serious adults the silly shiny trinkets meant for the pleasure of cretins, the auto dealerships no longer peddle cars half as efficient as last year’s model, the cellphone hawkers no longer sell the I3869Zed Super-Iphone to burn out the brains and tire the ears, the home builders no longer slap-dab junk homes in exurban fields meant for farms that can sustain something we once called the future.
Nor, according to the New York Times, will the new blah-blah Super-Blah be available, because of the contracting “economy,” and the other new blahs from Blah Inc., and many other new blahs that Blah Investments recommends – because the consumer just won’t make the penny scream, won’t play the game. The game, of course, is predicated on being an infantilized weirdo, a grasping entitled half-fetus on two legs with a college degree crying “awn it awn it” from inside the womb of cash, cycling through the drooled suggestions of the marketeers as if our “freedom” depends on how much money we can waste rather than how much we need to survive.
Like I said, recession is all good news, and not just for our brains and souls, but for the planet and the real chance for Americans to survive in some kind of non-debased, non-infantilized, non-crap-inundated form – a race of fully matured and, dare I say, noble creatures. Every time I hear the New York Times lamenting that the average American refuses to open his billfold for bullshit, I envision less metal in the junkyard, less garbage in the scow, less forest turned into the Times, less pollution in the skies and water, less stupidity in the shape of owning more. I also envision a resurgence of cobblers mending the soles of shoes – cobblers who I can’t seem to find anymore in these fair United States to fix up my boots.
If it’s true that consumer spending now accounts for two-thirds of the American “economy” – god help us – then there’s nothing economic about it, as defined above. In other words, if it doesn’t economize, then the “economy” is not worth maintaining.
Finanskris kreditkris Finanskrisen kreditkrisen Finance crisis dollarraset olja oljekrig oilwars USA FED nyliberalism nyliberal neoliberal skojare liberaler kollapsen av nyliberalismen militär keynesianism Bush Clinton McCain Förenta Staterna George W Bush liberal kris den osynliga handen Bernake Greenspan kreditkrisen finanskrisen bankkrisen konsument krediter skuld nationell skuld räntenivå recession konjunktur,strukturell kris national debt,handelsbalans utlandsskuld nykeynesianism; internationell ekonomi ekonomiskt läge globalisering internationella förhållande amerikansk ekonomi bankväsendet finansmarknad avreglering pension globala rånet nyliberal skojeriet neoliberalism neocons financial crisis bank crisis recesion depresion economics voodoo economics freakonomics Federal reserve Dollar Collapse neokeynesianism,interest rate obligations CDOs state obligations economic colapse the dollar empire monetary policy national debt state debt credit crisis credit card mortgages structured investment vehicles financial asset credit crunch Bank of England financial panic Individual Voluntary Agreement toxic packages sub-prime mortgages privatization deregulation foreign debt dollar asssets dollar collaps the invisible hand neocons debt,mortage loans mortage debt consumer debt bonds trasure bonds,inflation consument price index producent price index energy price oil price bonds price stocks stock Wall Street financial markets militar speditures structural crisis,trade balance Globalisation Globalization globalism Globalisering IMF world bank corporate bond,equities markets disarray; the banking system collapsing consumer spending tax revenues national debt black holes Closed Economy,The Black Economy Recession Leverage Treasury Bill Asymmetric Information The Long Tail Demand Forecasting Monetization Monopoly Monopsony Duopoly Oligopoly olja oljekrig oilwars USA FED nyliberalism nyliberal neoliberal skojare liberaler kollapsen av nyliberalismen militär keynesianism Bush Clinton McCain Förenta Staterna George W Bush liberal kris den osynliga handen globalisering internationella förhållande amerikansk ekonomi dollar collaps the invisible hand neocons militar speditures structural crisis,trade balance Globalisation Globalization globalism Globalisering IMF world bank corporate bond equities markets disarray; the banking system collapsing consumer spending tax revenues national debt black holes krigsförbrytare war criminals Democracy liberal democracy dictatorship fascism McBush 11/9 9/11 terrorism War on terrorism,Russia Georgia Bush Putin south Ossetia War nuclear Nato Election 2008 Obama McCain Iran 11 september Accounting Asset Asymmetric,information Autarky Average,cost Average,propensity,to,consume B Barter,system Bonds Budget Business,economics C Call,money,market Capital Capital,Asset,Pricing,Model Capital,market,line Commerce Commodity Company Corporate,finance Credit Currency D Depreciation Diversification Duty E Economics E,cont. Efficient,frontier F Finance Crisis Main,Page Gini,coefficient Microfinance Price,floor Equity Financial,economics National,stock,exchange Budget,deficit Sample Financial,instrument Fixed,capital Foreign,exchange,rate Future,value H Hedge,funds I Industry Inter-connected,Stock,Exchange L Lending Loan M Macroeconomics Money,Supply Money,changer Money,market N Normal,distribution O Option Over-The-Counter,Exchange,of,India P Present,value Price Product Profit R Repo,rate Return,on,investment Risk Risk,management S Secondary,market Security,Market,Line Sell Share Share,certificate Standard,deviation Stock Stock,market T Tariff Taxation Time,value,of,money Treasury,bonds Y Yield Z Zero-coupon,bond Foreign policy law of the United States imperialism noninterference nonintervention regionalism axis-of-evil Bill of Rights blow-back budget capitalism caucus civil rights collateral damage depression disinformation doublespeak fascism free speech free enterprise Federal Reserve System FDIC globalization mpeachment inflation laissez-faire MSM Mainstream media Neo-liberalism Neo-conservative (Neocon) New World Order outlays POTUS propaganda privatize recession revenue enhancement republic SCOTUS Supreme Court of the United State SEC social security subsidy think tank tyranny terrorism unilateralism Weapons of mass destruction antiterrorism expansionism geopolitics neocolonialism neoliberalism ultraconservatism Dollar Collapse Credit Default Swap CDS Credit derivatives finance Credit-default swaps on Fannie and Freddie Credit Default Swaps and Financial WMDs,
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