Saturday, January 19, 2013

The Parable of the Frogs » Counterpunch: Tells the Facts, Names the Names

The Parable of the Frogs » Counterpunch: Tells the Facts, Names the Names
"What does it take to produce large-scale social change?  Most historians, if you catch them in an honest moment, will admit that the popular levers of social change, such as education or legislation, are bogus; they don’t really amount to very much.  What does make a difference–and then only potentially–is massive systemic breakdown, such as occurred in the United States in the fall of 2008.  It was the greatest market crash since 1929, leading to widespread unemployment (something like 18% of the population, in real–as opposed to official–statistics*) and the loss of billions of dollars in retirement savings.  In fact, the crash  wiped out $11.1 trillion in household wealth, and this is not counting the several trillion lost in stock market investments.  It had been many decades since the middle class found itself in soup kitchens, and yet there they were.  In the face of all this, however, very little seems to have changed.  Americans are still committed to the dream of unlimited abundance as a “reasonable” goal, when in reality it is (and always has been) the dream of an addict."