Regime Change Politics

George,

I was surprised that in the discussion of regime change throughout the the interview and added that there is a new mobilization planned for October there was no mention by you or the guest on the Social Forum being held in Detroit this current week. Is it so poorly publicized or noted or does no one really care about it?

The most interesting remark was yours at the point you said that America is in the process of "looking for its slaves." I hope that you write on this idea in more detail.

Videos: Max Keiser (On the Edge) interviews Michael Hudson

http://maxkeiser.com/watch/on-the-edge/episode-60-25-june-2010-guest-michael-hudson/

Takes up the "socialism for the rich, austerity for the rest" theme.

Hudson in his many articles makes the very good point that the economy has become financialized--i.e. hijacked by TheCity and by Wall St.

See also:

Europe Sacrifices Labour for Finance

http://michael-hudson.com/2010/06/europe-sacrifices-labour-for-finance/

Just a comment on the issue of taxes. Under a fiat regime, taxes do not have the same function as they do in regimes of convertible currencies. This is a widely misunderstood point, and it really isn't debatable, in the sense that it isn't theory but simply operational reality. I would refer you to the work of James Galbraith and Randall Wray.

Bill Mitchell's blog is perhaps the best economic blog being written right now, and is a superb resource archive.

http://bilbo.economicoutlook.net/blog/

His recent essay, "Something is Seriously Wrong" is excellent.

http://bilbo.economicoutlook.net/blog/?p=10421

One of the economists you've interviewed, Marshall Auerback, pertains to this line of thought, as does Bill Black (who would make a superb interview), who has written on the criminal-fraud aspects of the banking crisis. These are all important progressives.

By the way, some of the best writing on corporations is, of course, by David C. Korten. Also, there is excellent insight on corporations and on the environmental problem generally in the volume "In the Absence of the Sacred," by Jerry Mander. He also wrote the excellent "Four Arguments for the Elimination of Television."

[I agree that Bill Black would be an excellent person to talk with but last year he had agreed to do an interview and then, for reasons never explained, didn't follow through. In any case, the criminal aspect of what happened on Wall Street certainly deserves a great deal more attention. g.]

That's a shame about Bill Black, George. Maybe it was due to unforeseen circumstances, and too much on his plate. Might be worth trying again. I hope so.

[Sometimes people worry about their "brand" and have second thoughts about EP. Not that they tell me... If you see anybody else, Lisa, who's good on the criminal angle, please let me know. g.]

Well, it looks as though Carroll Quigley had it right. And Brzezinski just echoed it years ago — and keeps echoing it:

"This regionalization is in keeping with the Tri-Lateral Plan which calls for a gradual convergence of East and West, ultimately leading toward the goal of one world government. National sovereignty is no longer a viable concept."

"The nation state as a fundamental unit of man's organized life has ceased to be the principal creative force: International banks and multinational corporations are acting and planning in terms that are far in advance of the political concepts of the nation-state."

The whole economic "problem" that there is a massive transfer of wealth and power taking place. When it has been completed, it will be a very different world.

Brzezinski, Zbigniew, Between Two Ages: America’s Role in the Technetronic Era.