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

Fri Oct 14 04:58:52 CEST 2011

We all know this-I support OWS-I donated to OWS. I want it to remain open to diverse opinions regarding the needed restructuring. Personally, I support Ron Paul on ending the FED as a very significant first step in structural reform. I’m in CA and I have heard from people in LA that the Occupy group there is attempting to ramrod their issues/views and push them throughout the state. I’m fighting that tactic & hope P2P will be vigilant as well as exuberant.

From: Michel Bauwens 
Sent: Thursday, October 13, 2011 10:45 AM
To: P2P Foundation mailing list 
Subject: Re: [P2P-F] Michael Hudson video *****

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 
  Sent: Wednesday, October 12, 2011 12:02 PM
  To: P2P Foundation mailing list 
  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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