Mini Me(a) Culpa
Today remains Monday, 29 September 2008.
My apologies for the Dr. Evil reference, but I couldn’t resist.
I shouldn’t have fallen onto the bandwagon of lazily using the “b” word --- “bailout”. It’s too easily misunderstood by people with the typically inadequate American background in political economy.
I reiterate: what’s being “bailed-out” is the concept of credit which the foundation of the capitalist system. Yes, in one dimension it puts a footing under part of Wall Street, but, since we have capitalism for the near future at least, it more importantly puts a footing under the entire American economy, in which all of us Americans live and have our being, and which is a mainstay of the livelihood of the whole world’s population.
We may not like the fire burning down our house, but that hardly means that, from pique, we should let it consume the place.
I find it interesting, and awesomely instructive, that less than 1/3rd of House Republicans voted today to stabilize, strengthen, and preserve the American capitalist system.
Ain’t that a caution?
To Be Continued.
My apologies for the Dr. Evil reference, but I couldn’t resist.
I shouldn’t have fallen onto the bandwagon of lazily using the “b” word --- “bailout”. It’s too easily misunderstood by people with the typically inadequate American background in political economy.
I reiterate: what’s being “bailed-out” is the concept of credit which the foundation of the capitalist system. Yes, in one dimension it puts a footing under part of Wall Street, but, since we have capitalism for the near future at least, it more importantly puts a footing under the entire American economy, in which all of us Americans live and have our being, and which is a mainstay of the livelihood of the whole world’s population.
We may not like the fire burning down our house, but that hardly means that, from pique, we should let it consume the place.
I find it interesting, and awesomely instructive, that less than 1/3rd of House Republicans voted today to stabilize, strengthen, and preserve the American capitalist system.
Ain’t that a caution?
To Be Continued.
posted by HH at 3:21 PM
3 Comments:
Oh my gosh !
HH used the phrase "all of us Americans." Finally, he refers to himself as American, despite the frequency he refers to the United States in distainfull tones (and curious loyalty to France; what is with that?)
Glad to have you aboard, HH!
Thanks for the thought, pard'ner, but don't bake a cake and buy fireworks just yet.
The phrase was a rhetorical device, not an existential moment expressing essence of being. As I believe in only one race, the human, I believe in only one nation, that of the universe.
I no more recognize the legitimacy of "America" than of "Sparta".
Any nation is merely a legal fiction which extorts those who happen to live there, and provides a greater or lesser indifference of services in exchange.
As to France, my admiration is of culture, not nation.
So, while HH declines to board the train of nationalism, he's always blowing the horn for internationalism.
Good luck with that, HH.
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