{"article":{"id":223433,"heading":"Marx and the credit crunch","author":"Istvan Meszaros","created":"2009-01-05 01:42:51","modified":"2009-01-05 09:34:42","last_modified":"Mon, 05 Jan 2009 16:34:42","article":"<p>The US debt is over $10 trillion.. China is the principal savior of the American debt. <br><br> The color of the cat does not matter as long as it catches the mouse. <br><br> 1929 was confined to the financial sector. Depression went on through the thirties. <br><br> Gordon Brown promised to abolish boom and bust. He fulfilled the first part. <br><br> Inevitability of American default and continued American hegemony forcing the world to pay its debt are the two certainties.\" <br><br> Istvan Meszaros is the author of \"Beyond Capital.\" <br><br> to hear his address, \"Marx and the credit crunch,\" click on <br>  <br> <a href=\"http:\/\/www.youtube.com\/watch?v=0JFfxYhgNNo\" rel=\"nofollow\">http:\/\/www.youtube.com\/watch?v=0JFfxYhgNNo<\/a> <br><br> Corruption, financial speculation and adventurism must be ended.<\/p>\n","contact":"mbatko@lycos.com","link":"http:\/\/www.webofdebt.com","address":"","phone":"","parent_id":0,"mime_type":"text\/plain","summary":"&quot;Companies were not afraid to buy the hands that fed them. A symbiotic relation exists between companies and the state. Companies can buy politicians to operate in a legal jungle.&quot;\r\n","numcomment":2,"fileurl":"\/uploads\/","filesize":null,"article_url":"\/news\/2009\/01\/223433.php"},"attachments":[],"comments":[{"id":223464,"heading":"Gold Bug linkn","article":"That link goes to a gold bug book.\r\n\r\nThe youtube link goes to a pretty good lecture by a Marxist, but it's not like he's advocating gold-bug-ism.\r\n\r\nHe suggests that the US will &quot;default on itself&quot;.","author":"mous","parent_id":223433,"mime_type":"text\/plain","created":"2009-01-05 09:29:35","modified":"2009-01-05 09:29:35","fileurl":""},{"id":223465,"heading":"erm... maybe I'm not quite right...","article":"Sorry, my bad.  The book suggests going back to Bretton Woods, and valuing the dollar based on actual commodities, and nationalizing the Fed.\r\n\r\n","author":"mous","parent_id":223433,"mime_type":"text\/plain","created":"2009-01-05 09:40:22","modified":"2009-01-05 09:40:22","fileurl":""}]}