“Democracy is always a hindrance to the market plan.”

That title is a quote from Naomi Klein, whose Shock Doctrine perfectly explains what is currently going on America right now viz. our incredible economic upheaval. According to Milton Friedman, “Only a crisis – actual or perceived – produces real change. When that crisis occurs, the actions that are taken depend on the ideas that are lying around.” The ideas lying around are accurately described by Klein as “disaster capitalism,” which is the modus operandi of neo-conservatives who love to capitalize on crises – actual or perceived – to implement policies that benefit the few at the expense of the many. Even Newt Gingrich seems taken aback: “Watching Washington rush to throw taxpayer money at Wall Street has been sobering and a little frightening.”

They’re throwing taxpayer money at Wall Street via the “Paulson Plan,” a plan so enormous (851 words) that as of Tuesday Sen. John McCain still hadn’t even read it. When he gets around to it (a timeout might help), I suggest he pay particular attention to:
Sections 6 and 10: raise our debt limit by 3 trillion and hands Sec. Paulson $700 billion to play with. Where’d they get this number from? According to a Treasury spokeswoman, “”It’s not based on any particular data point. We just wanted to choose a really large number” (emphasis mine).
Section 8: lets Sec. Paulson do as he wishes without any real oversight – “Decisions by [Paulson] pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency” (emphasis mine). Comforting, eh?

In other words, we supposedly can’t afford $150 billion for universal healthcare but $700 billion for Wall Street fatcats is simply A-OK (not to mention the $400 million per day we’re spending on the unjust Iraq War). I swear off credit cards and my only debts are from school… I get no help whatsoever, but Washington’s corporate drinking buddies can have whatever they need when their own sorry asses get in trouble. It’s enough to convince me that when Vermont secedes I’m definitely going with ’em.

I opened with Naomi Klein and so I’ll leave you with the full text of her analysis of our market meltdown: (more…)