Richard Wolff: Debt Debate is "Political Theater"

"In the process, everything moves over to massive cutting. And besides the morals of that, it’s economically crazy. In an economic situation where recovery is very poor, very uneven, to have the government cut back, the way that spokesman for the White House just told us, is to make an economic situation that’s bad worse. So you see a kind of political game being played at the cost of worsening the underlying economic situation. And for the world, that suggests a society that’s not working." [DN]

Part 2: https://www.youtube.com/watch?v=MLXDNwUk-So
packosays...

the sad thing is, the things talked about here, are soo far over the head of ALOT of Americans

maybe not for lack of intelligence... but literally for people getting so caught up in the theatre, so caught up in Republican/Democrat bs that they fail to see what is really going on

politics for the politicians, not the people
corruption and corporate mandates

and the people eat this all up as the rich get richer, and they become serfs once again

because its all wrapped up in patriotism and religion... and any sane person leaves those at the door when it comes to politics

honestly, do Americans realize for all their "USA USA" and "WE'RE NUMBER 1" chanting, that the rest of the world sees this as the decline of an empire? (wonder how many angry Americans that will rile up)... and by this, I don't just mean the debt ceiling debate... but the apathy towards your fellow Americans when it comes to health care and other social services... let alone the other 95% of the world's population...

the saddest thing is this has all happened before, the economics even in America itself... sad not to learn from history... but then, it's usually only onlookers as opposed to the subject themselves who realize exactly whats going to happen when the subject jumps off the ledge, soo hopped up on patriotism that they think they can fly

westysays...

why is it that the majority of americans are so dumb when it comes to some specific things ?

worse than that I'm pretty sure its the same in the uk and most countries.


Whats scary is you have people that are for the most part clever nice and good meaning but then they soak up the bullshit and are incapable of critically thinking about certain issues.

robbersdog49says...

>> ^westy:

why is it that the majority of americans are so dumb when it comes to some specific things ?
worse than that I'm pretty sure its the same in the uk and most countries.

Whats scary is you have people that are for the most part clever nice and good meaning but then they soak up the bullshit and are incapable of critically thinking about certain issues.


A person is clever. People are stupid. I wish that it wasn't so, but time and time again we see that it's the case. We really are herd animals.

quantumushroomsays...

Under Bush 43, the national debt increased by 4.5 trillion in eight years. While that's nothing to boast, since the day the Current Occupant took office, the national debt has already increased by 3 trillion IN 3 YEARS.

It's political theater all right. When the fatass who ate all but two slices of the pie points to the skinny guy and says blame should be shared "equally".

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