- Date published:
1:19 pm, September 29th, 2011 - 15 comments
Categories: capitalism, class war, debt / deficit, economy, Economy - Tags: financial crisis, financial institutions, global economy, traders
It’s not often that ‘bald truths’ escape the filtration of the msm. The video below is an example of one of those rare moments.
hat tip Hilary and CV
The follow up in the msm has been rather peculiar and revealing. Rather than focussing on the content or veracity of what Alessio Rastani had to say, there has been an effort to focus on speculation as to whether he was one of the ‘Yes Men’ perpetuating a hoax.
Here’s the thing. Rastani isn’t really saying anything that many of us didn’t already know. But to hear it ‘straight from the horse’s mouth’? Well, that’s unusual…and not a little refreshing.
Where Rastani is wrong is in his prescription for surviving the imminent ‘crash’. He is advocating a ‘if you can’t beat them, join them’ mentality. He is saying that anyone can be a trader and survive or even prosper, by making money from a tumbling market. That’s true in one sense. But also ridiculous in another.
It’s akin to a stewardess standing up on a plane that is plummeting to terra firma with dead pilots on board and asserting that ‘anyone’ can fly a plane and asking who wants to go into the draw for realising their child-hood fantasy of being an airline pilot.
So besides a trader advocating we should all be traders if we want to avoid immiseration, we have a msm that just sticks it’s fingers in it’s ears to avoid hearing what could well be a reasonable, if uncomfortable prognosis of the world’s current economic situation.
Meaning it’s a safe bet to assume that we are not going to be hearing any suggestion, that rather than being passive observors to a concentration of private wealth into fewer and fewer hands as financial institutions claim the wealth of the productive economy in lieu of debt owed it in the financial economy, that we could – or maybe even should and with urgency – bend our will to reclaiming the commons.
p.s. Seems this guy kind of epitomises an honest John Key (if such a thing is imaginable!) The kind of John Key that nobody in their right mind would vote for. An honest john Key who would have us believe that no matter how parlous the productive economy, in his honest opinion, everything is just fine. Aw shit…that’s probably the one heart felt and honest line that John Key trundles out… Happy election guys!