America’s Deceptive 2012 Fiscal Cliff » Counterpunch: Tells the Facts, Names the Names

America’s Deceptive 2012 Fiscal Cliff » Counterpunch: Tells the Facts, Names the Names.

CRACKERNOMICS 2

If such a thing were possible Michael Hudson is an economist with a good heart but like all Germans he is infected with some of the most poisonous ideas that come from CRACKERNOMICS.

Hudson believes that somehow THE BANKS have managed to completely usurp the control functions of Anglo Saxon societies and to coerce or persuade the Govenrment to embark on a programme that will ultimately empoverish or destroy vast swathes of the econmony.

Michael Hudson evidently holds out hope for a return to Keynesianism, unable or unwilling to understand that Keynesianism was simply a step on the road that led  to the  system developing into the cesspit we see before us today.

Michael Hudson seems to me a little bit like the prisoner who hopes the good cop (nice politicians), will come back for a little bit to give him some relief from the badgering and bullying of the bad cop ( bankers).

But this is the bit where the prisoner has to sign a blank statement so that the cops can fill in the ‘confession’ later. It does not matter  which of them persuades/forces you to do it- You Are Going To Sign

IN FACT THE POLITICAL CLASS  ARE BEHIND ALL THIS. THEY ARE THE ONES WHO HAVE BEEN WORKING TOWARD THIS END SINCE THEY WERE DEFEATED IN 1945.

THERE ARE NO SEPERATE POLITICAL PARTIES IN THIS RESPECT.

KEYNESIANISM WAS A CONCESSION BY THE POLITICAL CLASS AS A WHOLE TO SOCIETY AS A WHOLE.

Now it is being taken back.

And a whole lot more

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