Article Image
News Link • Economy - Economics USA

James Howard Kunstler: The Moment of Convulsion

• Kunstler.com
 
Which brings me to the subject of our own financial crisis, soon to mutate into a political crisis. There really is no "solution" to our problem of debt except to become a less affluent society. You can get there via the path of compressive deflationary depression (no money), or hyperinflation (plenty of worthless money), but the destination is the same. In the meantime we're stuck with the extremely uneven distribution of hardship and luxury. Whole classes of formerly working people face the prospect of genuine ruin while an ultra-pampered class of celebrity clowns and professional swindlers fob off with whatever's left on the national buffet table. The real politics of all this are so far from being sorted out that sheer contemplation of what lies ahead leaves the mind harrowed and feeble. The Jacobins of 1793 France were basically the Left. It took only five hundred or so of them to bully a nation of 30 million. The Jacobins of the USA in 2011 are basically the Right Wing, followers of Senator Jim DeMint, the mind-slaves of Rush Limbaugh and "students" of Prof Glenn Beck, and, of course, the worshippers of Sarah Palin. Their brand of politics might be labeled Nostalgic Sentimental Paranoid Know-Nothingism. They're proud and loud, pious and ignorant, so deeply insecure that they depend on flag lapel pins

Join us on our Social Networks:

 

Share this page with your friends on your favorite social network:


GoldMoney