We had a server outage, and we're rebuilding the site. Most of the site features won't work. Thank you for your patience.
imc indymedia

Los Angeles Indymedia : Activist News

white themeblack themered themetheme help
About Us Contact Us Calendar Publish RSS
Features
latest news
best of news
syndication
commentary


KILLRADIO

VozMob

ABCF LA

A-Infos Radio

Indymedia On Air

Dope-X-Resistance-LA List

LAAMN List




IMC Network:

Original Cities

www.indymedia.org africa: ambazonia canarias estrecho / madiaq kenya nigeria south africa canada: hamilton london, ontario maritimes montreal ontario ottawa quebec thunder bay vancouver victoria windsor winnipeg east asia: burma jakarta japan korea manila qc europe: abruzzo alacant andorra antwerpen armenia athens austria barcelona belarus belgium belgrade bristol brussels bulgaria calabria croatia cyprus emilia-romagna estrecho / madiaq euskal herria galiza germany grenoble hungary ireland istanbul italy la plana liege liguria lille linksunten lombardia london madrid malta marseille nantes napoli netherlands nice northern england norway oost-vlaanderen paris/Île-de-france patras piemonte poland portugal roma romania russia saint-petersburg scotland sverige switzerland thessaloniki torun toscana toulouse ukraine united kingdom valencia latin america: argentina bolivia chiapas chile chile sur cmi brasil colombia ecuador mexico peru puerto rico qollasuyu rosario santiago tijuana uruguay valparaiso venezuela venezuela oceania: adelaide aotearoa brisbane burma darwin jakarta manila melbourne perth qc sydney south asia: india mumbai united states: arizona arkansas asheville atlanta austin baltimore big muddy binghamton boston buffalo charlottesville chicago cleveland colorado columbus dc hawaii houston hudson mohawk kansas city la madison maine miami michigan milwaukee minneapolis/st. paul new hampshire new jersey new mexico new orleans north carolina north texas nyc oklahoma philadelphia pittsburgh portland richmond rochester rogue valley saint louis san diego san francisco san francisco bay area santa barbara santa cruz, ca sarasota seattle tampa bay tennessee urbana-champaign vermont western mass worcester west asia: armenia beirut israel palestine process: fbi/legal updates mailing lists process & imc docs tech volunteer projects: print radio satellite tv video regions: oceania united states topics: biotech

Surviving Cities

www.indymedia.org africa: canada: quebec east asia: japan europe: athens barcelona belgium bristol brussels cyprus germany grenoble ireland istanbul lille linksunten nantes netherlands norway portugal united kingdom latin america: argentina cmi brasil rosario oceania: aotearoa united states: austin big muddy binghamton boston chicago columbus la michigan nyc portland rochester saint louis san diego san francisco bay area santa cruz, ca tennessee urbana-champaign worcester west asia: palestine process: fbi/legal updates process & imc docs projects: radio satellite tv
printable version - js reader version - view hidden posts - tags and related articles

Fighting for the Soul of the American Dream

by Stephen Lendman Wednesday, Oct. 12, 2011 at 9:34 PM
lendmanstephen@sbcglobal.net

class war

Fighting for the Soul of the American Dream - by Stephen Lendman

Republics are nations where heads of state aren't monarchs or despots in which citizens elect officials to represent them.

Merriam Webster calls them "government(s) in which supreme power resides in a body of citizens entitled to vote and is exercised by elected officers and representatives responsible to them and governing according to law."

Thomas Paine once said:

"a republic is supposed to be directed by certain fundamental principles of right and justice, from which there cannot, because there ought not to, be any deviation."

"(It) is executed by a select number of persons, who act as representatives, and in behalf of the whole, and who are supposed to (govern) as the people would do were they all assembled together...."

"When a people agree to form themselves into a republic (they) mutually resolve and pledge themselves to each other, rich and poor alike, to support this rule of equal justice among them....A republic, properly understood, is a sovereignty of justice, in contradistinction to a sovereignty of will."

America never followed Paine's principles. Since the 1980s, Democrats and Republicans adopted neoliberal harshness. Bush I continued Reagan's policies. Clinton hardened them. Bush II much more, and Obama matched Star Trek by going where no administration went before.

For decades, working Americans were sacrificed on the alter of unprecedented wealth transfers to Wall Street, other corporate favorites, and super-rich elites grabbing all they can and wanting more.

Industrial America was hollowed out. Monopoly finance capital replaced it. Casino capitalism thrived. So did unbridled government-sanctioned fraud on an incalculable scale.

Keynes once warned about "enterprise becom(ing) the bubble on a whirlpool of (destructive) speculation," causing Depression level hard times.

Wall Street insiders profit all the way to the bank. Privatized money power lets them own politicians and America. As a result, they strip-mine it for profit, rip off investors and homeowners with impunity, grab everything that smells money, and come back for more.

For decades, they engineered housing and debt bubbles built on fraud. They illegally shifted trillions of dollars to tax havens and other foreign locations. Through privatization piracy, they transfered public assets to private hands at below market prices and offloaded liabilities back to government.

They engineered an incalculable multi-trillion dollar heist, and bribed political Washington to facilitate it. They hollowed out America and other Western countries in the process on the way to destroying middle class societies.

Allied with politicians they buy like toothpaste, they established a government-business cabal for enormous profits through legislation, contracts, deregulation, handouts, and free-wheeling ability to do what they please.

In the process, America's dream was destroyed. Money power in private hands to make more of it made it possible. Privatizing profits and socializing losses sacrificed Main Street for Wall Street.

Monopoly finance capitalism created a surplus of misery. Political Washington let it happen. Corrupted politicians and banksters created an economic system based on unbridled fraud and greed.

America runs by Goldman Sachs rules, pyramiding Ponzi scams to defraud investors and working households with the full faith and blessing of Washington.

Business models are based on highly leveraged fraud for maximum gains, knowing if speed bumps produce trouble, bailout rescues follow. In fact, Wall Street's culture encourages fraud. Nearly risk-free rewards are assured.

Milton Friedman and his acolytes practically encouraged it by saying government's sole function is "to protect our freedom both from (outside) enemies....and from our fellow-citizens."

It's to preserve law and order, enforce contracts, protect private property, and "foster competitive (unregulated) markets." Everything else in public hands is "socialism....blasphemy."

He said "free markets" work best unfettered by rules, regulations, onerous taxes or any at all, trade barriers, entrenched interests, and human interference. In other words, anything government does, business does better so let it, free from public interference.

He believed profit accumulation should be unrestrained. He said government interference restricts freedom. He called "economic freedom....an end to itself....and an indispensable means toward (achieving) political freedom."

He wanted government out of the way to give unfettered capitalism free reign. In other words, Goldman Sachs rules are fine even when economies and working households are looted for private gain.

Free market fundamentalists turn a blind eye to imperial wars, frenetic speculation, super-sized fraud, out-of-control corruption and cronyism, as well as massive wealth transfers to America's top 1%, creating growing poverty, unemployment, and human misery.

Spreading Social Justice Street Protests

Millions of angry Americans had enough. Inspired by Middle East and European uprisings, they organized nationwide protests in over 1,100 large and small cities and towns.

Heading everywhere with a spirit not seen in decades, they want social inequality ended, growing poverty and unemployment addressed, and lost worker rights restored. They also want fraudulent corporate profits returned to public hands and culpable officials prosecuted.

Whether sustainable energy continues remains to be seen. Influential behind the scenes power brokers aim to co-opt and subvert it. Media scoundrels no longer ignore it, but inadequately explain root causes, let alone solutions.

Even occasional good commentaries omit what should be said. On October 8, a New York Times editorial headlined, "Protesters Against Wall Street," saying:

....(I)ncome inequality is grinding down that middle class, increasing the ranks of the poor, and threatening to create a permanent underclass of able, willing but jobless people. On one level, the protesters, most of them young, are giving voice to a generation of lost opportunity."

Fact check

True enough, but omitted was explaining the root cause - money power in private hands to make more of it at the public's expense.

Saying "the economy is not working for most Americans," and that "the financial sector (colluding with regulators and elected officials) inflated and profited from a credit bubble that burst, costing millions of American their jobs, incomes, savings and home equity" is accurate but not enough. Nor is ticking off other festering problems harming millions.

Even saying America "needs a shift in the emphasis of public policy from protecting the banks to fostering full employment, including public spending for job creation and development of a strong, long-term strategy to increase domestic manufacturing" omits HOW!

It starts with returning money power to public hands, making banking a highly regulated public utility, stressing economic growth and prohibiting speculation.

It includes:

• returning fraudulent profits to public hands;

• prosecuting culpable officials;

• fining and jailing those convicted;

• eliminating money in politics;

• ending duopoly power by creating a level playing for independent parties given equal cost free time on public airwaves and invited to participate in open debates; and

• prohibiting cartel power through tough anti-trust laws with teeth.

It's not enough to say protesters can't draft legislation, lawmakers have to do it. Laws and regulations needed must be explained. Addressing what kind of country needs to replace what's too corrupted and broken to fix is key, and how it can be gotten spelled out in detail.

It's stressing what's gone on for decades no longer is tolerable and itemizing real solutions. It's spending less time citing problems and more on specific fixes. It's turning America's money run system on its head, saying this no longer will stand and how to achieve it.

It's not rocket science. Whenever it's been done it works, including successfully in colonial America, under Lincoln, and today in North Dakota - the only state with a publicly owned bank that let it prosper throughout today's crisis.

Why not everywhere across America so all states can flourish like North Dakota? Why not in Washington under a nationalized Federal Reserve, not a private one run by and for Wall Street.

A better world is possible but major media scoundrels won't say how, let alone endorse the idea.

Notably, The New York Times has been America's lead voice for corporate interests and political Washington. It supports wealth and power, not public needs and concerns. It endorses imperial wars, ducks major issues like corporate and political fraud, calls money run elections real ones, and fake democracy legitimate.

It's turns a blind eye to eroding civil and human rights, endorses harsh austerity when stimulus is needed, and barely notices politicians on the take. Initially it ignored Wall Street protests, then treated them dismissively until paying more attention but not enough.

One editorial, whatever its merits, doesn't undue longstanding policy supporting wealth and power. Nor will it change proliferating managed news throughout America's media instead of real information and analysis everyone needs to know.

Above all, people need to understand that today's system is too rotten to fix. Change depends on leveling it and starting over, beginning with putting money power back in public hands where it belongs.

If that's not done, no constructive change can follow except for cosmetic crumbs to meager to matter.

On the other hand, fix problem one and all else is possible.

Going for it must be protesters' top goal. Then address a laundry list of grievances needing to be addressed and ways to fix them.

Stephen Lendman lives in Chicago and can be reached at lendmanstephen@sbcglobal.net.

Also visit his blog site at sjlendman.blogspot.com and listen to cutting-edge discussions with distinguished guests on the Progressive Radio News Hour on the Progressive Radio Network Thursdays at 10AM US Central time and Saturdays and Sundays at noon. All programs are archived for easy listening.

http://www.progressiveradionetwork.com/the-progressive-news-hour/.
Report this post as:
Share on: Twitter, Facebook, Google+

add your comments


LATEST COMMENTS ABOUT THIS ARTICLE
Listed below are the 10 latest comments of 1 posted about this article.
These comments are anonymously submitted by the website visitors.
TITLE AUTHOR DATE
The Global Satanic Government (The CIA) using more Al CIA Duh Antics to create a diversion The Al CIA Duh Corporate Media Diversion Thursday, Oct. 13, 2011 at 1:15 PM

Local News

Woolsey Fire: Worst News of 2018? J01 12:18AM

Oppose Environmentally-Harmful Development D10 4:03AM

Oppose Environmentally-Harmful Development D10 3:58AM

OUR HOUSE Grief Support Center Presents Night for Hope O30 5:38PM

Marshall Tuck’s racist dog whistle O27 5:01AM

Marshall Tuck’s ethnocentrism contradicts Californian values O27 4:32AM

Contra Costa-Hawkins O25 3:48AM

Debunking Some Anti-Prop 10 Propaganda O12 6:56AM

Why Should California Choose De Leon Over Feinstein? O10 9:55PM

Change Links September 2018 posted S02 10:22PM

More Scandals Rock Southern California Nuke Plant San Onofre A30 11:09PM

Site Outage Friday A30 3:49PM

Change Links August 2018 A14 1:56AM

Setback for Developer of SC Farm Land A12 11:09PM

More problems at Shutdown San Onofre Nuke J29 10:40PM

Change Links 2018 July posted J09 8:27PM

More Pix: "Families Belong Together," Pasadena J02 7:16PM

"Families Belong Together" March, Pasadena J02 7:08PM

Short Report on the Families Belong Together Protest in Los Angeles J30 11:26PM

Summer 2018 National Immigrant Solidarity Network News Alert! J11 6:58AM

More Local News...

Other/Breaking News

A Mistake: Jesse Jackson-Toyota deal-in Lexington -Ky is .8 billion over 10 years 2018 J20 1:17AM

If Trump Declares a AantionalEmergency, He'll Be Breaking the Law J20 12:47AM

Jesse Jackson's Sneak Attck on Toyota Lexington Ky and it's workers 2018 J19 9:12PM

Video: Chris Herdges in Eugene, 1 hr 24 min J19 5:37PM

FAKE NEWS J19 2:31PM

MACROTHSCHILD.2 J19 11:03AM

Judge Delays Ruling on Puerto Rico Debt Deal White House Opposes Island's Food Assistance J18 6:04PM

BATACLOWNS J18 9:28AM

FALSAS VICTIMAS J18 9:22AM

Paraphysique de proxémie guerrière J18 7:59AM

MACROTHSCHILD J17 9:38PM

FARCELONA 8.17.2017 J17 3:23PM

DEAD MAN LIVING J17 10:46AM

DIARY OF A CON MAN J16 10:40PM

PR Debt Cancel, Judge Reviews Cofina Debt J16 9:04PM

Réseautage, fragmentation du capital J16 4:20PM

Paraphysique de manipulation mentale et sociale J15 9:51AM

The Global Justice Project and Human Survival: We're Badly Off Track J15 5:08AM

The Global Justice Project and Human Survival: We're Badly Off Track J15 5:08AM

The Global Justice Project and Human Survival: We're Badly Off Track J15 5:08AM

Markets as a Fetish, Globalization, and Dissent Management J14 1:03PM

State Debts - The Primal German Fear J13 5:09PM

Sans liberté, sans égalité, sans fraternité J13 8:09AM

From Progressive Neoliberalism to Trump - and Beyond J12 9:22PM

Copper Cures Cancer J11 1:42PM

Steven Taylor, Investor who Evicts J11 9:24AM

Du sectarisme, des sectes, des clans J11 8:10AM

“Animaniacs in Concert!” Starring Voice Legend Rob Paulsen J10 6:34PM

More Breaking News...
© 2000-2018 Los Angeles Independent Media Center. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by the Los Angeles Independent Media Center. Running sf-active v0.9.4 Disclaimer | Privacy