HowardJoe Stiglitz on Possible Obama Economics
Real Crash- Looking at the Financial System and the War Drive:
Hair- Being Chic in the Collapse
One possible program that may be pushed in the world and the new Obama Adminstration is one of green infrastructure and economics (link). This is being pushed by Joe Stiglitz, the economist who sells himself as being a friend of the Third World and so on. Nothing could be further from the truth. If fact, Jumping Joe is pushing a one-world currency, to replace the reserve role of the dollar. He told Japan's Asahi Shimbun newspaper that the new Bretton Woods economic reorganization must not follow the Franklin Roosevelt design, but must be based on Keynes's original proposal for a universal currency, the "bancor," to finish off national sovereignty once and for all. This is part of the philosophical pessimism of Locke, Hobbes et. al. that believes that all people are animals and you must have a "Leviathan" or form of financial dictatorship, to keep all the so-called nations in line.
Also brought up in the interview was the issue of infrastructure and job creation programs. "When you talk about infrastructure, this used to refer to highways and bridges and huge dams," (good stuff) but now it's all geared toward global warming. Stiglitz concurred, noting that Nancy Pelosi "very much wants to use Green technology. What the Democrats want to do is to reinvent America's economy to make it Green." They want inefficient Windmills and corn ethanol which are "made in America," while millions die from lack of energy and production.
Stiglitz did acknowledge that "neoliberalism is dead," and that "September 2008 should be to neoliberalism and market fundamentalism what the fall of the Berlin Wall was to communism," describing the Bush policy as "corporate welfare-ism, trying to help corporations, not people." But he essentially endorses the bailout insanity by claiming that "it would have been worse if we had not done anything," although the bailout was "badly designed." And anyway, he intones, this crisis will not be as bad as the 1930s, since "we have a more service sector oriented economy," so there will be less unemployment. Sounds like a greenie flavor of the same stupidity.
The Political Brief