états-unis
U.S. House votes NO to bailout
© Abdul-Rahim - accéder à la source - infos
29.09.08 | 19:41
Journaux
ImprimerThe collective American taxpayer can breath a deep sigh of relief as their tax bill is sparred a 2200$ increase by the
United States House of Representatives votes no
to the proposed
bailout package agreed upon by party leaders earlier in the day
. This was an example of the worst kind of capitalism, a rampant, blatant attack on the working class in an attempt to salvage a system so fundamentally flawed that it is now collapsing in upon itself, as it is destined to do. Boom and bust will never end as long as profit rules the economic agenda...
In a crisis the capitalists are compelled to resort to extraordinary measures to corner a share of a decreased market. They resort to discount selling, dumping and other methods to undercut their competitors. By so doing, they aggravate the crisis by fomenting a deflationary downward spiral. People delay their purchases in the expectation of lower prices, and thus push prices lower still. We see this phenomenon most clearly in the housing market.
The contagion spreads like an uncontrollable epidemic from one country to another. It will become evident that every country has over-exported (that is, over-produced) and also over-imported (over-traded). (See Capital, Volume 3, p. 481) It will be evident that every one of them had stretched credit too far and stoked the fires of inflation and speculation, which now must be extinguished, no matter what the pain. That is to say, it is not a question of this country or that, of this bank or this individual speculator or that, but of the system itself. It is true that no downturn lasts forever. In the long run a new equilibrium is reached, prices stabilize, profitability is restored and a new cycle commences. But this is nowhere in sight as yet. The downturn has not ended. It has barely begun. Nobody knows how long it will last. And anyway, as Keynes once put it: "In the long run we are all dead."[ IDOM , 29.9.08]
Tags : états-unis, politique
