Gerry Canavan

the smartest kid on earth

Progressives Need to Politicize Money

with 3 comments

From a series of legal codes favoring creditors, a two-tier justice system that ignore abuses in foreclosures and property law, a system of surveillance dedicated to maximum observation on spending, behavior and ultimate collection of those with debt and beyond, there’s been a wide refocusing of the mechanisms of our society towards the crucial obsession of oligarchs: wealth and income defense. Control over money itself is the last component of oligarchical income defense, and it needs to be as contested as much as we contest all the other mechanisms.

Read Rortybomb. Via Krugman, who notes “the upshot is terrible: more and more, this really does look like the Lesser Depression, a prolonged era of disastrous economic performance. And it’s entirely gratuitous.”

3 Responses

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  1. Whatever surveillance system is being used as to the amount of spending, puzzles me, in that why the most crucial time of empty pockets, is when it is to pay the people, rather than when the money is short when it is time to pay for the great cost of ammunition and tanks and planes etc , for the wars we seem to have initiated.. Are we looking in the wrong budget book ? Is there a separate budget for war and ammunition ?

    Mary Dicerni

    July 16, 2011 at 7:45 pm

  2. […] From a series of legal codes favoring creditors, a two-tier justice system that ignore abuses in foreclosures and property law, a system of surveillance dedicated to maximum observation on spending, behavior and ultimate collection of those with debt and beyond, there’s been a wide refocusing of the mechanisms of our society towards the crucial obsession of oligarchs: wealth and income defense. Control over money itself is the last component of o … Read More […]

  3. […] From a series of legal codes favoring creditors, a two-tier justice system that ignore abuses in foreclosures and property law, a system of surveillance dedicated to maximum observation on spending, behavior and ultimate collection of those with debt and beyond, there’s been a wide refocusing of the mechanisms of our society towards the crucial obsession of oligarchs: wealth and income defense. Control over money itself is the last component of o … Read More […]


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