Wake-up Call

Resist the Corporate State

Posts Tagged ‘Revolt

Tyrants are always with us

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Thomas Jefferson wrote some prescient thoughts for our time:

But is the spirit of the people an infallible, a permanent reliance? Is it government? Is this the kind of protection we receive in return for the rights we give up? Besides, the spirit of the times may alter, will alter. Our rulers will become corrupt, our people careless. A single zealot may commence persecutor, and better men be his victims. It can never be too often repeated, that the time for fixing every essential right on a legal basis is while our rulers are honest, and ourselves united. From the conclusion of this war we shall be going down hill. It will not then be necessary to resort every moment to the people for support. They will be forgotten, therefore, and their rights disregarded. They will forget themselves, but in the sole faculty of making money, and will never think of uniting to effect a due respect for their rights. The shackles, therefore, which shall not be knocked off at the conclusion of this war, will remain on us long, will be made heavier and heavier, till our rights shall revive or expire in a convulsion.

from: QUERY XVII (p. 171, concluding on p. 172), in NOTES ON THE STATE OF VIRGINIA, Thomas Jefferson’s only published book, published in Philadelphia by Prichard and Hall, M.DCC.LXXXVIII.(1788). [ii], 244 p., ill. Call number F230 .J42 (Rare Book Collection, University of North Carolina at Chapel Hill)

Written by laudyms

December 24, 2013 at 6:39 pm

Debtor’s Revolt?

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LocalPublic opinion polls reveal that Americans are angry about the current economic, healthcare, housing and environmental crises. Polls also document that a significant majority of the population want federal government assistance to fix these problems. But you’ve also got the makings of a huge neo-populist anger brewing, largely because (in the words of Frank Rich), “What disturbs Americans of all ideological persuasions is the fear that almost everything, not just government, is fixed or manipulated by some powerful hidden hand, from commercial transactions as trivial as the sales of prime concert tickets to cultural forces as pervasive as the news media.” In other words, even the feds might not be able to help.

The approach to financial reform that the Obama Administration has hitherto adopted is a classic illustration of this problem. Financial institutions are now back to business as usual and have provided limited help to the non-financial sector. In fact, some of them are clearly committed to worsen households’ financial position and have oriented their activity toward this end in order to maximize their profitability. Yet, they have received commitments from the taxpayer totaling $23.7 trillion.

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Written by laudyms

August 16, 2009 at 1:05 pm