10/20/2008
The power elite…
Another Swedish voice:
It struck me after watching a TV-programme about the financial crisis, that when one says that one has learned something from the crisis after 1929, one means in first hand that one now has rescued the economical elite.
After the crash 1929 the politicians tried to apply a liberal economic policy, not saving any banks but letting them go bankrupt, cutting taxes and saving on public expenses. This was the method then.
This caused a super depression. Instead one started to apply Keynes ideas and in USA the New Deal was introduced which was about paying money to unemployed and poor, through investing in public activities and infrastructure which created jobs for all those unemployed. The result was a recovery in the economy. After this the war (WWII) of course came.
This time (today) one obviously try to guarantee the bank customers’ depositions and the banks' continued existence, so one can escape from redistributing any resources in the societies and escape investing in the public sector. (You so to say buy the middle class!!?? And sacrifice the poorest in the societies!? Because this the power elite can handle!?).
The democracy can manage a 2/3 society, without that the economical elites will have to give up or fear anything, but a 1/3 society becomes a serious threat.
This the governments can't risk?? So if the power can calm those people (the middle class?) down they don’t have to fear anything?? How utterly cynical???
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