Conventional Truths
June 30th, 2009 by Hoopleton
It’s hard to believe what people say, that the economy is improving. Plenty of properties sit on a list still awaiting foreclosure. More layoffs hover out in the distance. Markets refuse to move. Banks, many still holding “toxic assets,” refuse to lend money. The blessed consumer isn’t spending.
And so the question rattles around: have we hit bottom or are we still free falling?
Honesty is not something we can expect from those who maintain the economy, especially if their careers depend on our general sense of ease. The Obama administration, although a welcome change from the stupidity that were the Bush years, will not, cannot, by its very nature as a government offer the American people anything resembling the truth. Despite the President’s promises of transparency, truth and government are, and always have been, mutually exclusive. And just as politicians cannot be honest about the state of the economy they can also never be honest as to the cause.
A politically entrenched corporate culture that’s been busily selling off every national asset since the Carter administration. A military-industrial complex exporting war across all four hemispheres at the cost of trillions of dollars and millions of lives. A debt society that would serve to stabilize the entire global financial market on the willingness of the American middle class to gorge itself to the point of bankruptcy.
It would take more than bailouts to lead us out of the dark. It would require a complete realignment of basic economic truth. A change in priorities and lifestyles. A paradigm shift.
Instead we get tax breaks and spending from Republicans and half-assed government intervention from Democrats. All the while those in power reassure us that everything is fine. That business should continue as always. That we should consume. That the American dream is still available by way of American Express.
The big problem with American government, as has been revealed by the current fiscal disaster, is not so much the prevalence of waste, hypocrisy, secrecy or incompetence, as much as the lack of new and radical approaches. In a two party system there is no room for new ideas. Progressives and Socialists are ignored by Democrats as they have no other party to choose as a base for their ideologies. Fiscal-conservatives and libertarians are ignored by the Republicans for exactly the same reason. The lack of choice stifles debate and so age-old establishment theory becomes the gospel truth. Dissent is not tolerated.
As it was the old paradigm that brought us into economic ruin, solutions evolving out of that same paradigm cannot be expected to provide any real, lasting change. The question then becomes, not whether or not we’ve hit bottom, but once we do, or have, whether or not we’ll ever be able to crawl back out again.
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