Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Worse Than 1789? By James Howard Kunstler

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Topic Forums » Economy Donate to DU
 
Crewleader Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-04-10 07:44 AM
Original message
Worse Than 1789? By James Howard Kunstler
Edited on Tue May-04-10 07:56 AM by Crewleader

By James Howard Kunstler

May 2, 2010 10:46 AM





Senator Levin pretty much had Goldman Sach's Lloyd Blankfein dead in a casket with that now-notorious email from GS's head of sales and trading, Tom Montag, describing one of their billion-dollar investment "products" as "one shitty deal." Levin seemed to delight in crossing the boundary into the realm of the unspeakable, knowing that even the so-called "family" newspapers and cable TV networks would have to report it. And just to make sure nobody missed the point, the senator repeated that phrase at least twenty times before the day was over. It was like the climactic scene in that old Hammer Films classic, The Horror of Dracula, where Professor Van Helsing moves from coffin to coffin pounding stakes through the hearts of Drac and all his fellow bloodsuckers.

It's hardly the climax of our story, though. Ours has barely started. It seems to me lately that the crack-up we've entered is liable to play out more gruesomely for our privileged elites than the orgy of bloodletting that attended the French Revolution. That historical moment was a sharp transition between old, settled social relations and the new political realities of imminent industrialization and a rising middle class. The elites in charge of things to that moment, an ossified aristocracy, responded to rising discontent with utter feckless stupidity. To make matters worse, a great many of them were hunkered down in the fantasy-land Royal Palace of Versailles, enjoying what was for practical purposes a non-stop mega house party. They must have thought they were safe twelve miles outside Paris.

The French Revolution actually got off to a better start than it is remembered for. A progressive opposition put together a new legislature, the National Assembly. They undertook the writing of a constitution. But it all fell apart rather quickly since the dim-witted King and his cohorts didn't really get into that old changing times spirit and their lack of cooperation -- not to mention their decadence -- provoked the more violent factions of the common people to form that kraken of politics, the mob. What a goddamned mess it turned into -- a revolving cast of mob masters, each worse than the last, whipping up the crowds to ever more horrible enormities of human vivisection -- a political process that had gone hopelessly out of control. Despite the agile precedent of their friend, the new USA, quickly resolving its own rebellion into a functioning government of law, France opted for a bloody clusterfuck -- which went on for eight more years.

http://kunstler.com/blog/2010/05/worse-than-1789.html
Printer Friendly | Permalink |  | Top
dmallind Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-04-10 07:57 AM
Response to Original message
1. This guy cannot even predict the DJIA one year out to within a factor of two
and you think he can possibly predict with any credibility at all the course of an entire society for the next decade or more?


Sure.
Printer Friendly | Permalink |  | Top
 
Demeter Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-04-10 08:01 AM
Response to Original message
2. Hence the FRSP Movement
and Kunstler is our John the Baptist--a voice in the wilderness.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Fri May 10th 2024, 02:48 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Topic Forums » Economy Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC