[P2P-F] Michael Hudson video *****

Thu Oct 13 19:45:15 CEST 2011

Hi Natalie,

you are right that there are corrupt people everywhere, but structural
aspects are very important,

in a monarchy, you can't challenge the monarch, in a democracy, you can, at
least in theory

the challenge of osw is the awareness that this 'democracy' is no longer
functioning and has been captured by private business interests,

one could argue that the current state form has been nearly completely
captured, at least and especially in the US, by such predatory factions (of
course, the EU is giving the same strong signs of this as well)

no human system is beyond corruption, and the most democratic systems can
slide intro their contrary,

Michel

On Thu, Oct 13, 2011 at 6:29 AM, Natalie Golovin <10natalie at cox.net> wrote:

>   That’s what I said..Corrupt, conniving businessmen use liberal causes
> like affordable housing and turn it to their own ends. James A Johnson did
> that exact thing re Fannie-Freddie. As the current bottom up revolution
> develops-there will be squabbling, discontent and malfactors waiting in the
> wings. My mail was about realizing that there are ethical voices out there
> that your “group” has not recognized and have much to contribute. It really
> comes down to the individual morality of the leaders or representatives. I’m
> convinced a Monarchy can have more freedom than a Democracy-if the Monarch
> uses his power beneficently. There are selfish, unscrupulously people
> everywhere-even in the homes of those supporting the “Commons.”
>
>  *From:* Michel Bauwens <michel at p2pfoundation.net>
> *Sent:* Wednesday, October 12, 2011 12:02 PM
> *To:* P2P Foundation mailing list <p2p-foundation at lists.ourproject.org>
> *Subject:* Re: [P2P-F] Michael Hudson video *****
>
> and just a remark, for several decades, we had very successful and
> relatively uncorrupt public housing in Europe, which helped millions of
> working class people to a house, either through cheap rent or cheap
> mortgages .. in fact, the real estate bubbles started at pretty much the
> same time they stopped doing this, and housing shortages became permanent
> after this ...
>
> just to mention the example of my own family, in a country which still had
> child labourers dying in their teens until the fifties, 'government
> policies' insured free education, free healthcare, cheap quality housing,
> allowing a child of two orphan working class parents to go to the university
> ...
>
> all of this was slowly dismantled, but not completely, in the 80's with the
> neoliberal counterrevolution ...
>
> I would not be surprised if U.S. welfare institutions were gutted and
> defunded, then blamed for their failures because they were 'government' ...
>
> I'm not saying this as an absolute fan of 'government', just as a
> counterpoint to the right-libertarian myth that governments are always bad
> and corporations always good (I'm slightly exagerating but the essence is
> really that)
>
> Natalie, most often you will see that those pocketing the $$$ are not
> 'liberals' but actually archconservatives using libertarian justifications
> for their looting ...
>
> Michel
>
>
>
> On Wed, Oct 12, 2011 at 8:36 PM, Natalie Golovin <10natalie at cox.net>wrote:
>
>> Hello Peers-I've been following Michael Hudson for a long time.
>> Libertarian
>> economic ideas are shunned by mainstream candidates & progressives won't
>> listen with open minds. If you like Hudson & Yves Smith- maybe P2P could
>> listen more carefully to details put forth by Ron Paul, Ralph Nader,
>> Dennis
>> Kucinich. Not the panacea you imagine, but much closer to freedom then the
>> criminals in charge now. Hope you've read "Reckless Endangerment" and
>> learned how conniving businessmen used affordable housing and were
>> protected
>> by an aura of political correctness-to build the Fannie/Freddie scheme.
>> Often regulatory capture is used by the Left to promote equality but the
>> $$$
>> ends up in the pockets of the liars-posing as liberals.
>>
>> -----Original Message-----
>> From: ideasinc at ee.net
>> Sent: Wednesday, October 12, 2011 5:46 AM
>> To: P2P Foundation mailing list ; toeslist.yahoogroups.com
>> Subject: [P2P-F] Michael Hudson video *****
>>
>> In this Real New Network interview Michael Hudson has put forth the best
>> reasoning that I've heard favoring state banking. It is to treat the
>> entire banking sector as a public utility function only. This brings the
>> MMT and FF principles for fiscal policy reform into prominence by having
>> the rest of the necessary reform agenda. Reiteration, a major part of the
>> problem is the banking culture itself. Shifting that sector primarily
>> toward functioning as a regulated, public utility. Eliminating the
>> fractional reserve franchise is another line on a reform agenda.
>> Re-establishing the debt free supply of currency is another agenda line.
>> Countercyclical intervention to create jobs is another slice of functional
>> finance fiscal policies. Repairing, building, and expanding public
>> infrastructure is another entry.
>>
>>
>> Tadit
>>
>>
>>
>>
>>
>>
>> http://ampedstatus.org/michael-hudson-on-occupywallstreet-wall-street-is-a-crime-gang-a-criminal-organization-ows-video/
>>
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>
>
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