Monday, October 3, 2005
Billmon explains how the coming political storm may serve to consolidate the fascist state
Billmon: "If the overall direction of the system -- the political zeitgeist -- is towards greater corporate power and the decline of social democratic institutions and values (and that is the current trend in all of the major industrial countries) then scandal may only quicken the march, both by breaking up the existing centrist order and by setting the left up to fail if it manages to ride the backlash back into power. Even epic corruption scandals don't by themselves create the conditions for a successful revival of left politics. In fact they may do just the opposite."