Democruptcy · Now!—(ALPHA)

What makes no sense and has no meaning IS insanity. And what is madness CANNOT be the truth.

— A Course In Miracles

News & Views

Trillion Dollar Heist



American News Project’s Danielle Ivory shines a spotlight on Treasury’s $700 billion bailout plan. You probably don’t know that the Federal Reserve has lent out about $2 trillion since September. Few do. And that is what’s irritating bulldog Congressman Alan Grayson. Will he be able to shed a light on the Fed’s secret spending?

Give Disinfo Its Due

“Now many of our Christians have what I call the goo-goo syndrome--good government. They want everybody to vote. I don’t want everybody to vote. Elections are not won by a majority of the people. They never have been from the beginning of our country and they are not now. As a matter of fact, our leverage in the elections quite candidly goes up as the voting populace goes down.”
— Radical Right strategist Paul Weyrich at a 1980 training session for 15,000 conservative preachers in Dallas. Read Report | Watch Video

“Let me tell you why military engagement with Saddam Hussein’s regime in Baghdad is not only necessary and inevitable, but good. When the United States finally goes to war again in the Persian Gulf, it will not constitute a settling of old scores, or just an enforced disarmament of illegal weapons, or a distraction in the war on terror. Our next war in the Gulf will mark a historical tipping point--the moment when Washington takes real ownership of strategic security in the age of globalization.”
Thomas P.M. Barnett, author of Pentagon’s New Map. Read Manifesto | Watch Video

fat capitalist
from:  Ministry of Treasury <sellyou@downriver.gov>
to:  American Taxpayer <chump@oblivious.com>
date:  Thu, Sep 22, 2008 at 9:21 PM
subject:  Urgent Message from Ministry of Treasury Republic of America
mailedby:   ourhandsinyourpockets.gov

Dear American:

I need to ask you to support an urgent secret business relationship with a transfer of funds of great magnitude.

I am Ministry of the Treasury of the Republic of America. My country has had crisis that has caused the need for large transfer of funds of 800 billion dollars US. If you would assist me in this transfer, it would be most profitable to you.

I am working with Mr. Phil Gram, lobbyist for UBS, who will be my replacement as Ministry of the Treasury in January. As a Senator, you may know him as the leader of the American banking deregulation movement in the 1990s. This transaction is 100% safe.

This is a matter of great urgency. We need a blank check. We need the funds as quickly as possible. We cannot directly transfer these funds in the names of our close friends because we are constantly under surveillance. My family lawyer advised me that I should look for a reliable and trustworthy person who will act as a next of kin so the funds can be transferred.

Please reply with all of your bank account, IRA and college fund account numbers and those of your children and grandchildren to wallstreetbailout@treasury.gov so that we may transfer your commission for this transaction. After I receive that information, I will respond with detailed information about safeguards that will be used to protect the funds.

Yours Faithfully,

Minister of Treasury Paulson

Predatory Arrogance

We have entered an age of constant conflict. Information is at once our core commodity and the most destabilizing factor of our time.... Those of us who can sort, digest, synthesize, and apply relevant knowledge soar--professionally, financially, politically, militarily, and socially. We, the winners, are a minority.

For the world masses, devastated by information they cannot manage or effectively interpret, life is "nasty, brutish . . . and short-circuited." ... We are entering a new American century, in which we will become still wealthier, culturally more lethal, and increasingly powerful. We will excite hatreds without precedent.

We live in an age of multiple truths.... The future is bright--and it is also very dark. More men and women will enjoy health and prosperity than ever before, yet more will live in poverty or tumult, if only because of the ferocity of demographics. There will be more democracy--that deft liberal form of imperialism--and greater popular refusal of democracy. One of the defining bifurcations of the future will be the conflict between information masters and information victims....

The contemporary expansion of available information is immeasurable, uncontainable, and destructive to individuals and entire cultures unable to master it. The radical fundamentalists--the bomber in Jerusalem or Oklahoma City, the moral terrorist on the right or the dictatorial multiculturalist on the left--are all brothers and sisters, all threatened by change, terrified of the future, and alienated by information they cannot reconcile with their lives or ambitions. They ache to return to a golden age that never existed, or to create a paradise of their own restrictive design. They no longer understand the world, and their fear is volatile.

Information destroys traditional jobs and traditional cultures; it seduces, betrays, yet remains invulnerable.... For those individuals and cultures that cannot join or compete with [the U.S.] information empire, there is only inevitable failure.... Information, from the internet to rock videos, will not be contained, and fundamentalism cannot control its children. Our victims volunteer.

These noncompetitive cultures, such as that of Arabo-Persian Islam or the rejectionist segment of our own population, are enraged. Their cultures are under assault; their cherished values have proven dysfunctional, and the successful move on without them. The laid-off blue-collar worker in America and the Taliban militiaman in Afghanistan are brothers in suffering.

It is a truism that throughout much of the 20th century the income gap between top and bottom narrowed.... Further, individuals or countries could "make it" on sheer muscle power and the will to apply it. You could work harder than your neighbor and win in the marketplace.... That model is dead.... In our own country, we have seen blue-collar unions move from center stage to near-irrelevance. The trend will not reverse.... These discarded citizens sense that their government is no longer about them, but only about the privileged....

Most citizens of the globe are not economists; they perceive wealth as inelastic, its possession a zero-sum game. If decadent America (as seen on the screen) is so fabulously rich, it can only be because America has looted one's own impoverished group or country or region. Adding to the cognitive dissonance, the discarded foreigner cannot square the perceived moral corruption of America, a travesty of all he has been told to value, with America's enduring punitive power.

There is no "peer competitor" in the cultural (or military) department. Our cultural empire has the addicted--men and women everywhere--clamoring for more. And they pay for the privilege of their disillusionment.

— Excerpts from "Constant Conflict," by Ralph Peters, PARAMETERS, US Army War College Quarterly, Summer 1997, Vol. XXVII, No. 2

Awakening

A brother separated from yourself, an ancient enemy, a murderer who stalks you in the night and plots your death, yet plans that it be lingering and slow; of this you dream. Yet underneath this dream is yet another, in which you become the murderer, the secret enemy, the scavenger and the destroyer of your brother and the world alike. Here is the CAUSE of suffering, the space between your dreams and your reality. The little gap you do not even see, the birthplace of illusions and of fear, the time of terror and of ancient hate, the instant of disaster, all are here. Here is the CAUSE of unreality. And it is here that it will be undone.
A Course In Miracles

The key in politics is not expression, nor expressing discontent or resistance, but actually transforming things. Collective action can change things, but still implies a separation between the “people” and “representative institutions.” It implies “we” are asking “them” to change their ways.
[T]he real revolution of peer to peer technologies is that it allows people not just expression, but actually a redesign of social processes.
For example, free software communities successfully embed their values in software, and so do the emerging open design communities that are now starting to tackle physical production itself. This is the next great frontier...
Michel Bauwens, Founder, The Foundation for P2P Alternatives

The Center Is Missing: A Journey Into Oblivion

During a financial crisis caused, in part, by the the so-called “subprime mortgage meltdown,” the U.S. Congress and Senate approved a “rescue plan” authorizing a massive bailout for Wall Street banking and other financial interests. Cost estimates to U.S. taxpayers of the “Emergency Economic Stabilization Act of 2008” range from $700,000,000,000 to $1,000,000,000,000 or more.

¶ “Karl Polanyi’s The Great Transformation, published in 1944, (is) an economic history which sets out to explain 1929, the Great Depression and the rise of fascism. Polanyi’s book came out the same year as another influential Austrian economist, Friedrich Hayek, brought out the central text of neoliberalism, The Road to Serfdom.
¶ Hayek became the founding father of a model of economic management which has brought us to the current crisis; Polanyi, with extraordinary prescience, warned that the crisis would come; he rejected the idea that the market is a “self-regulating” mechanism which can correct itself. There is no “invisible hand” such as the neoliberals maintain, so there is nothing inevitable or “natural” about the way markets work: they are always shaped by political decisions.”
Madeleine Bunting, The Guardian

Rejected by the House majority for “complicated political reasons” on the first go-round, the toxic legislation’s key architects began feverishly bribing, cajoling and coercing cooperation from recalcitrants by tossing in a “little something for a lot of people.” As predicted, they swayed enough legislators with the added trinkets and baubles to go along with converting the United States into a “toxic debt waste dump” in a doomed attempt to prevent “financial Armageddon.”

As an afterthought, a few worthless scraps were carelessly tossed towards ordinary Americans. In reality they are forced by law to pay for a financial catastrophe perpetrated by the same banking, mortgage and other financial institutions primarily responsible for instigating the “meltdown.” This legislation was passed against the overwhelming opposition from the American public, despite a massive propaganda campaign depicting the legislation as “urgent,” and that “immediate enactment” was the “only option.” It also added to the already-devastating costs imposed on ordinary Americans through deceitful and fraudulent “marketplace activities” perpetrated by these same industries.

Revolutionary Suicide

Perhaps the most coherent way to summarize the insanity all of this implies is to try and put it in the context of a much simpler to understand analogue. When Peoples Temple cult leader Jim Jones coerced his Jonestown followers into “drinking the Kool-Aid,” they succeed in committing an act of “revolutionary suicide.” It was the largest mass suicide “in over 1,900 years of history” and the “greatest single loss of American civilian life” not caused by a natural disaster until September 11, 2001.

Soon after this tragic event, the “Reagan Revolution” brought a renewed “glorification of capitalism, free markets and finance” to America, and shifted his revolutionary economic model into hyper-drive. Requiring sustained growth and constantly-growing debt to adequately finance it, the “free market revolution” falls ill or dies if growth slows, halts or declines.

“[T]he upheaval we are experiencing is more than a financial crisis... Here is a historic geopolitical shift, in which the balance of power in the world is being altered irrevocably. The era of American global leadership, reaching back to the Second World War, is over... [T]he setback of America's standing at the global level is even more striking. With the nationalisation of crucial parts of the financial system, the American free-market creed has self-destructed while countries that retained overall control of markets have been vindicated. In a change as far-reaching in its implications as the fall of the Soviet Union, an entire model of government and the economy has collapsed.”
John Gray, A shattering moment in America’s fall from power: The global financial crisis will see the US falter in the same way the Soviet Union did when the Berlin Wall came down. The era of American dominance is over.

That’s because anything possessing an infinite appetite—that also requires relentless growth, and depends on finite resources to sustain it—will ultimately exhaust its fuel and begin feeding upon itself. No amount of free-market fantasy can change this fact. Forging a political economy on such a system means condemning the people who live under this regime to “drink the free market Kool-Aid” and commit “revolutionary suicide.”

The hallucinations driving an “economic” ideology that declares “greed is good,” and demands cut-throat competition, short term gain and infinite growth while ignoring the fatal consequences of such behavior merely proves the insanity of the society adopting it. Examples illustrating the effects of such insanity are nearly endless. For instance, think of the automobile. A more uneconomic human transport method, apart from aviation, is difficult to imagine. Yet the “marketplace” enthusiastically endorsed making this extremely dangerous and catastrophically destructive system the primary mode of human transport in the United States and across the globe.


Frequently Unasked Questions (FUQ)

Question: With a backdrop of foreign military invasions, torture, hurricane Katrina, destruction of civil liberties, suicidal domestic policies and the myriad other executive, legislative, financial and corporate atrocities, why pick “Emergency Economic Stabilization Act of 2008” as the proverbial “last straw” that finally shoves “America” into the abyss?

Answer: Despite a furious propaganda campaign aimed at the American People, “Emergency Economic Stabilization Act of 2008” exposes in the most naked possible way the utter contempt for the American People harbored by dominant corporate, financial and government factions. The devastation from the aftermath of hurricane Katrina exposed this same contempt, but its harshest consequences were localized. The brutal consequences that result from the chain of events making up the current economic mega-collapse—of which the “Emergency Economic Stabilization Act of 2008” is merely one, albeit highly-significant link—will will not only pummel virtually every American, but will also touch nearly every community on the globe.


“Of all modern delusions, the idea that we live in a secular age is the furthest from reality...liberal humanism itself is very obviously a religion--a shoddy replica of Christian faith markedly more irrational than the original article, and in recent times more harmful.”
John Gray, Black Mass: Apocalyptic Religion and the Death of Utopia

Question: Why did Americans allow passage of legislation that piles further insult and injury upon damages already inflicted on them?

Answer: Americans are insane. They have become politically impotent, have lost all sense of reason, and are unwilling to accept the responsibilities of citizenship. The American body politic is seriously ill and its vital signs are weakening.


Featured Audio
Title: Our Crazy Economy
Featuring Catherine Austin Fitts, Founder of Solari, Inc.
Artist: Madness Radio, 2007-12-12
Length: 55:56 Minutes (51.22 MB)
Format: Mono 44kHz 128Kbps (CBR)
A money insider’s view of how crazy and corrupt our US-led world economic system really is, including drug money, military spending, and the housing crisis. Catherine Austin Fitts was Assistant Secretary of Housing - Federal Housing Commissioner under President Bush senior, Managing Director, Dillon Read & Co. Inc., and founder of Hamilton Securities investment bank. She has designed and closed over $25 billion of transactions and investments to date and has led portfolio strategy for $300 billion of financial assets and liabilities.

Question: Why did the U.S. Congress and Senate pass legislation so violently opposed to the well-being of its constituents, whose interests they are sworn to uphold?

Answer: U.S. legislators are psychopathic and insane. They’ve become servants to big business and financial organizations and have fully abdicated their responsibilities to the American people. They’re collective “moral compass” has totally malfunctioned and they can no longer judge right from wrong.


Question: The justification for the bailout is that the financial industry and other Wall Street interests are “too big to fail.” Why aren’t the American People “too big to fail.”

Answer: The American People simply don’t matter. Instead of “too big to fail,” both Wall Street and Washington view the American People as “too small to matter.”


Question: What constitutes totalitarian rule?

Answer: A common definition of a totalitarian system is one that exercises “absolute control over all spheres of human life.”

“[It has become more and more clear that] risks we have collectively dismissed as “in the past”--national fiscal insolvency, a near-worthless currency, widespread hunger, a breakdown of the medical system...--are either possible or increasingly likely. In triage, we need to identify the highest systemic risks and then prioritize our national spending to lower those risks... [W]e’ve lost sight of the government’s essential role: to preserve liberty and protect the citizenry against catastrophic risks: a nuclear exchange, a public health pandemic, mass hunger, a collapse of our currency.... Only a nation convinced of its invulnerability could be so deluded as to spend its waning days of wealth arguing about how the borrowed trillions should be divided, as if they were the spoils of conquest rather than the outright theft of our children’s future.”
Charles Hugh Smith, “First Step: Triage

With this definition in mind, when is the last time you thought about the influence that economic conditions have over nearly all aspects of your life? How much “free will” or democratic control to you exercise over your day-to-day reality? Where do you live? Do you have adequate shelter? Did you know that shelter is identified as a “fundamental human need”? Do you--not the bank, mortgage company, some piece of toxic financial sludge or any other entity--own your shelter “free and clear”? If not, what happens if you can’t continue to pay for your shelter, or afford to keep any other roof overhead? What kind of economic or political system would impose the penalty of depriving you of a basic human need if, for whatever reason, you were unable to pay for it? Finally, what kind of society would even tolerate a political system that places economic considerations over human welfare to the extent that the system would even deprive its members of basic human needs?

What kind of work do you do? Is what you do for a living the work you want to do? Do you find your work enjoyable, fulfilling or useful? Does your occupation focus your talents exactly where you feel they are most needed? Was your answer “no” to any of the last three questions? If so, how come? If the work you do is not the work you feel you are best suited for, why not? What would happen if you refused to put any more energy into work that isn’t right for you and instead put your time and energy into work that does? What kind of political or economic system would coerce you into taking work that you are ill-suited for? What kind of society would threaten you with loss of means to feed, clothe and shelter yourself--as well as those for whom you are responsible--if you can’t or won’t accept work you are not well-suited for?

Alert Perception


road to ruin In “Road To Ruin,” the Guardian looks at the real story behind the economic slump. How did boom turn to bust? Who’s to blame? How do we get out of the mess we’re in?

foreign oil addict ¶ “[T]he American economy suffers from the disease of consuming more than it produces, and consumes more basic resources than it acquires, on three levels: government, corporation, and individual. That is what leads to an ever-widening gap which is closed only by acquiring debt, and printing additional dollars, again leading to disequilibrium and increasing the gulf between receipts and expenditures. Society continues to spin deeper and faster to the bottom of the whirlpool. The true solution might be belt-tightening, reducing consumption and general spending, and increasing production. That is something a society that is used to luxurious consumption cannot do, especially when such consumption was almost their only goal in life.
¶ The invasion of Iraq – after Afghanistan – was in the framework of a plan to use military force to achieve strategic, economic, and political gains. Its purpose was to block the way to increasing competition from other world powers--especially Russia, China, Europe, [and] the Asian Tigers--and [discourage] the rise of Islam. That would be by achieving hegemony over the prime oil reserve in the world. The result was that the United States’ teeth were knocked out and it lost its awe and respect.”
Magdy Ahmad Hussein | Al Shaab, Egypt, American Empire: This is How It Ends

¶ “America Land of the Free...tries not to see its shattered dream. Dazzle their minds with impossible dreams. Implant in their mindsets visions of triumph. Then, mask the inevitable loss of hope by the masses. The glamorous glitter of once-upon-a-time has been reduced to a tacky faint flicker of the lonely used car lot or the mottled colors of empty Burger Kings. Begrudgingly, cars get smaller. Houses run down. Legions of Walmarts experience a sense of abandonment while beautiful celebrities look out of TV screens. The transformation of the American Dream into nightmare. That impossible dream...has in turn provided the foundations for an enduring Corporatism-Fascism...stubbornly referred to as individualism.
¶ Recently I went to my local Universal Health Plan doctor. I called the nearby office for an appointment, fixed for the next afternoon. When I arrived there was one patient ahead of me already in the doctor’s office. I was admitted after a five-minute wait. Within a period of four days, including two medical visits, the x-rays and analysis and medicine, my problem was resolved: Total costs to me: ZERO.
¶ That is Italy’s universal health care at work, which despite cuts by today’s extreme rightwing, neo-liberal government still offers its people (both citizens and residents) universal health care. The Italian social state—by far not the best in Europe—guarantees most workers one-month vacations, retirement at between 57 and 60 years, months-long maternity leave for both mother and father, unemployment pay, national category contracts, pensions, housing, food and other “social” benefits. That is a social system!
¶ A universal health service for the USA would cost only a minimal part of conducting perpetual wars or building a space shield against Russia or financing vassal states around the world or a fraction of the advertising costs for junk foods and products that make us obese and ignorant. In any case the point is not the cost. It is not an economic problem of the nation. We have to keep that in mind. The problem is the power of the greedy vested interests of medical associations, the pharmaceutical industry, hospitals and related medical care organizations. The problem is the power of money!
¶ [America’s] individualistic everyman-for-himself society today ranks poorly to other industrialized countries in health care, 23rd in infant mortality, 20th and 21st in life expectancy for women and men respectively. Yet [Americans spend] more per capita for health care than other countries. Where does that money go? So deeply ingrained is the anti-social nature [of American culture] that the brainwashed people themselves have been conditioned to believe that universal health care is contrary to their best interests.”
Gaither Stewart, The mother of all paradoxes, the American social model.
Uncle Sam Shooting Up “[A] growing number of scientific studies connects the fall of the Soviet Union, the freedom and peace in states, the outbreak of wars and the progress or regress of democracy in the world with the price of raw materials. And especially with the most important raw material in the world, the Black Gold.”
Rutger van der Hoeven | De Groene Amsterdammer, Petropolitics - The Consequences of the Oil Shortage

“U.S. is offering negative assets to the human race by living on and promoting an unsustainable consumption-led model throughout the world. The model is misleading and conjures up unrealistic consumption desires. In its extreme, the model is a felony which could lead to world destruction.”
Xie Li, American Consumption Reflects U.S. Government Spending - One point is clear: economically, the U.S. is a feeble giant.

“We are in this crisis because of an excess of artificially created credit at the hands of the Federal Reserve System. The solution being proposed? More artificial credit by the Federal Reserve.”
Ron Paul, Artificially Created Credit by the Federal Reserve System Got Us into This Crisis

“[T]his is a very revealing moment in American democracy. We’re seeing the real deformities and power alignments that govern issues like this, particularly the financial system. [A]ll of the power centers in politics and finance and business are discredited by these events. [W]e had this moment Monday (September 29, 2008) when, for complicated political reasons, a majority in the House rose up and said no. [O]f course...the broad public...regards this bailout as a swindle and backwards. [The public wonders ‘ w ] hy are you giving all this money to the people who caused this crisis and taking the money from the public assets of the victims? ’”
William Greider, in an interview with Amy Goodman

“It’s the economy, stupid,” was Bill Clinton’s campaign slogan in 1992. Now, in 2008, the motto is “It’s all about fear and anger, stupid.” It makes one want to cry “God bless America” one more time, because they really seem to need it. Not only are the superpower’s political stocks tanking, the American dream is turning into a bad loan for more and more people.
God Bless America | Andrea Böhm, Zeit Online

“We’re not moving toward Hitler-type fascism, ... but we’re moving toward a softer fascism. Loss of civil liberties, corporations running the show, big government in bed with big business. So you have the military-industrial complex, you have the medical-industrial complex, you have the financial industry, you have the communications industry. That's where the control is. I call that a soft form of fascism, something that is very dangerous.”
Ron Paul: U.S. moving toward ‘soft fascism’

“Admittedly, your transition to Third World status is far from over, and it won’t be painless. At first, for instance, you may find it hard to get used to the shantytowns that will replace the exurban sprawl of McMansions that helped fuel the real estate speculation bubble. But in time, such shantytowns will simply become part of the landscape. Similarly, as unemployment rates continue to rise, you will initially struggle to find a use for the expanding pool of angry, jobless young men. But you will gradually realize that you can recruit them to fight in a ceaseless round of armed conflicts, a solution that has been utilized by many other Third World states before you. Indeed, with your wars in Iraq and Afghanistan, you are off to an excellent start. Perhaps this letter comes as a surprise to you, and you feel you’re not fully ready to join the Third World. Don’t let this feeling concern you. Though you may never have realized it, you’ve been preparing for this moment for years.”
Rosa Brooks: Hey U.S., welcome to the Third World! It’s been a quick slide from economic superpower to economic basket case.

“Look, I don’t call it a bailout. This is a robbery. [Wall Street bankers and their accomplices in the U.S. government] are looting the U.S. Treasury. I can’t believe that they’ve gotten away with it so far. [O]ver the last eight years--but really over the last twenty-eight years--[they] have operated [like this]. I don’t know how quite to describe Wall Street, but just imagine a bunch of junkies just putting more junk into their system[s] and constantly in some kind of feeding frenzy to get more of that junk. And it’s like the U.S. Congress just decided to take a big hypodermic needle and give them another injection--a word they actually like to use--of the junk, of the heroin. I think that nothing has made me more upset, other than the war, in the last umpteen years...”
Michael Moore on the Wall Street bailout, er, “robbery.”

Utopia’s Suicide

In the United States free markets have contributed to social breakdown on a scale unknown in any other developed country. Families are weaker in America than in any other country. At the same time, social order has been propped up by a policy of mass incarceration. No other advanced industrial country...uses imprisonment as a means of social control on the scale of the United States. Free markets, the desolation of families and communities and the use of the sanctions of criminal law as a last recourse against social collapse go in tandem.

Free markets have also weakened or destroyed other institutions on which social cohesion depends in the US. They have generated a long economic boom from which the majority of Americans has hardly benefited. Levels of inequality in the United States resemble those of Latin American countries more than those of any European society. Yet...the free market...remains the sacred cow of American politics and has become identified with America’s claim to be a model for a universal civilization.

The Utopia of the global free market has...(already)...resulted in over a hundred million peasants becoming migrant labourers in China, the exclusion from work and participation in society of tens of millions in the advanced societies, a condition of near-anarchy and rule by organized crime in parts of the post-communist world, and further devastation of the environment.

Encumbered markets are the norm in every society, whereas free markets are a product of artifice, design and political coercion. Laissez-faire must be centrally planned; regulated markets just happen. The free market is not, as New Right thinkers have imagined or claimed, a gift of social evolution. It is an end-product of social engineering and unyielding political will.

The role of a transnational organization such as the WTO is to project free markets into the economic life of every society. It does so by trying to compel adherence to the rules which release free markets from the encumbered or embedded markets that exist in every society. Transnational organizations can get away with this only insofar as they are immune from the pressures of democratic political life.

A global free market works to set sovereign states against one another in geo-political struggles for dwindling natural resources. The effect of a laissez-faire philosophy which condemns state intervention in the economy is to impel states to become rivals for control of resources that no institution has any responsibility for conserving.

Nor, evidently, does a world economy that is organized as a global free market meet the universal human need for security. The raison d'être of governments everywhere is their ability to protect citizens from insecurity. A regime of global laissez-faire that prevents governments from discharging this protective role is creating the conditions for still greater political, and economic, instability.

— Excerpts from False Dawn: The Delusions of Global Capitalism, by John Gray
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