john2072 |
Wysłany: Wto 7:47, 08 Mar 2011 Temat postu: including the pen-
sion funds |
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esand unleashed untold though geographic-
ally contained ?nancial criseswith devastating e
?ects on employ-
ment and life chances in country after country. The only way to
realize the pious goals is to confront the powers of ?nance and to
roll back the class privileges that have been built thereon. But there
is no sign anywhere among the powers that be of doing anything of
the sort.
187
Freedom’s Prospect
With respect to the return to Keynesianismhoweverthe Bush
administrationas I earlier pointed outhas beaten everyone to the
gunbeing prepared to countenance spiralling federal de
?cits
stretching on endlessly into the future. Contrary to traditional
Keynesian prescriptionshoweverthe redistributions in this case
are upwards towards the large corporationstheir wealthy CEOs
and their ?nancial/legal advisers at the expense of the poorthe
middle classesand even ordinary shareholders (including the pen-
sion funds)to say nothing of future generations. But the fact that
traditional Keynesianism can be bowdlerized and turned upside-
down in this fashion should not surprise us. Foras I have also
already shownthere is abundant evidence that neoliberal theory
and rhetoric (particularly jordans heels for womensyilai:
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