09 April 2014

Liz Warren Predicts the Collapse of the Middle Class in 2008

"A fascist is one whose lust for money or power is combined with such an intensity of intolerance toward those of other races, parties, classes, religions, cultures, regions or nations as to make him ruthless in his use of deceit or violence to attain his ends...

The symptoms of fascist thinking are colored by environment and adapted to immediate circumstances. But always and everywhere they can be identified by their appeal to prejudice and by the desire to play upon the fears and vanities of different groups in order to gain power...

Their final objective toward which all their deceit is directed is to capture political power so that, using the power of the state and the power of the market simultaneously, they may keep the common man in eternal subjection."

Henry A. Wallace

Certainly we can observe that the roots of the collapse go back to 1980, at least. And Warren provides the data that shows this.

What is perhaps most shocking six years later is the nonchalance with which this collapse in the grinding Great Recession is accepted as the new normal in a corporate kleptocracy. And that most meaningful reform is twisted and defeated by very well paid political interests, often to the cheers of useful idiots.

I do not think this cycle of repression has reached its zenith yet. And given historical examples I do not think it will end except in excesses which we have yet to imagine, both at home and abroad.