Obama's Financial Reform

After 30 years of honing the craft of reforming world economies in crises for the benefit of large multinational corporations, the United States finds itself suffering from the same results of these devastating reforms, which have been applied here while the country has been dealing with its financial crises as well as the terrorist attacks of 9/11.

There should be little surprise that democracy has failed here, free-market ideologues have made an art of using financial blackmail to coerce democratic governments to act against the interests of the people who elected them. The same techniques have been applied with great success here. Banks and private wealth have been saved while states and cities have been doomed. All with the consent and assistance of our democratically elected and populist government.


Lamentably, the crises that led to the democratic populism have served the interests of the few rather than the many. It's a trend that has been forty years in the making and that has transformed our world into a highly polarized environment where money and power are highly concentrated in a few hands while many live in poverty. Policies that enable a further transfer of the wealth of the middle class to the hands of the wealthy are now in full force as state and local governments reduce their workforces. This is not a side effect of the crisis, it's the point. The less effective government is, the more freedom corporations will have to operate as they see fit.

I see it as competition between two huge entities. On one side you have the corporations and on the other the government. The corporations are understandably trying to weaken the government, however the government apparently hasn't realized that it is under attack. In fact, it is severely weakened and infiltrated in such a historic manner, that it's effectiveness has been diminished almost to the point of systemic failure.

We lost president Obama, much like Argentina lost Menem. He was coerced by the economic technocrats and is now shamefully powerless to fight because he already submitted to them at the very beginning, when he accepted the superiority of their assertions without any realization of the permanent damage he was permitting them to inflict on the infrastructure of the economy.

Our country and the world have lost our way. The United States bears a great deal of responsibility in this since it was intimately and principally involved in the global economic restructuring. We trample universal human rights here and abroad, and as such have lost our standing as a beacon of freedom. It's past time to accept and understand our situation and position and to course correct, but if there are no concrete policy plans to ensure human rights and economic continuity during a transition, then we have failed. Because what made the Washington Consensus global law was the preparation and readiness of the technocrats which allowed them to capitalize on crises, pushing through their economic makeovers while nations were unable to resist.