Friday, July 31, 2009

What might the world look like if the bailout works? Like Sarah Palin

She was the last clear expression of capitalism-as-usual. And if we waste this chance, it will be back to drill-baby-drill

By Naomi Klein, Thursday 30 July 2009

"The US bailout is a robbery in progress, the greatest heist in monetary history. But consider for a moment: what if it actually works, what if the financial sector is saved and the economy returns to the course it was on before the crisis struck? Is that what we want? And what would that world look like?

The answer is that it would look like Sarah Palin. Hear me out – this is not a joke. We're so busy laughing at her we may not have given sufficient consideration to the meaning of the Palin moment. Think about it, Sarah Palin stepped on to the world stage as vice-presidential candidate on 29 August 2008 at a McCain campaign rally. Two weeks later, on 15 September, Lehman Brothers collapsed, triggering the global financial meltdown.

So in a way Palin was the last clear expression of capitalism-as-usual before everything went south......

Because make no mistake, capitalism will be back. And the same message will return, though there may be someone new selling that message: You don't need to change. Keep consuming all you want. There's plenty more. Drill, baby, drill. Maybe there will be some technological fix that will make all our problems disappear.

And that is why we need to be absolutely clear right now. Capitalism can survive this crisis. But the world can't survive another capitalist comeback."

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