Watching History Unfold

[The River]

This is an excellent read on the current financial crisis.
History is happening here and now and Jared Bernstein
has an excellent take on what it could mean and how it could
help transform our country.

Too much good material to cover in 4 paragraphs. Go read it all here:
http://www.huffingtonpost.com/jared-bernstein/watching-history-unfold_b_128116.html


"You hear that implosion reverberating through financial markets? It's the sound of decades of conservative ideology collapsing."

<snip>

The week that just ended revealed the myth of market fundamentalism: the notion associated with mainstream, Milton Freidman'esque economics, and amplified by anti-government conservatives that unfettered markets will provide society with the best outcomes. Such simplicity, such elegance...such nonsense.

< big snip>

Transformations evolve out of crises. As the great Robert Kuttner stresses in his new book, the big social movements that have transformed our politics have often resulted from the collision of brave, visionary leaders and major upheavals: Lincoln and the Civil War, FDR and the Depression, Johnson and the Civil Rights movement. Kuttner believes the stage is set for the next transformation, this time from a broken economy that threatens American prosperity to one that works for everyone.

<snip>

But, as Kuttner stresses, that doesn't mean he will be transformational, or recognize the importance of injecting views like those above into the heart of the national debate. He certainly has that capacity--the vision, the intellect, and the ability to present the big picture in an extremely compelling way. This may be one of those times when the collision of a great leader and cataclysmic events can turn the tides."

[rosesaylavee]

1. I would like to see less history unfold.

Hopefully this wrinkle will be for the betterment of our country eventually.