quinta-feira, 11 de dezembro de 2008

The US in the center of the crisis

At the end of the last decade the U.S. economy used to be presented by the media as the mega engine of global growth, the paradigm of capitalism triumphant where, according to the neoliberal gurus, was expanding so vertiginous a New Economy based on high technology and the trigger is a virtuous circle of progress indefinitely. Explained to us that technological innovations generate income to encourage more innovation, which in turn expanded the wealth and so on. All that expressed itself in an unprecedented euphoria bursátil (anyone remember what occurred in 1929). Clinton occupied the White House and radiated sympathy, the Lewinsky case added a note of joy to the celebration of additional markets. However, some facts dissonant disturbed the harmony. First, the contrast between the peak and consumer virtual disappearance of personal savings. The citizens of the empire spent all their income and contract debts because, so directly or through investment funds or pension, earned a lot of money speculating in the stock market. Companies, especially the so-called technological saw as day after day recognize it is their actions - which allowed them to (on) and investing (on) run into debt. All this made up the quotations in the bag without much connection with the real profitability of firms. The desinchou bubble in 2000, Clinton handed his post to Bush and installed to recession. Moreover, the September 11, 2001 has marked the launch of a militaristic era. Not missing observers, especially the progressive camp, to mark the antagonism between an arbitrary and imperial Bush and Clinton a multilateral, negotiator, attached the set of institutions. However, Clinton drove a phenomenal concentration of incomes, triggered the war in the heart of Europe (Yugoslavia) and intensified the blockade and bombardment against Iraq who prepared the invasion later. All his economic linkage was based on financial hypertrophy, accelerating the rise of mafias that now govern discovery of guy. In fact, the fascism of Bush emphasized, their imperialist delusions, the corruption that surrounds and inherits exacerbates trends during the 90s. The parasite mutation of the American capitalism and its social consequences, political and military gestada was for a long time, with the complicity of Democrats and Republicans, sinks its roots in financialisation of global capitalism.

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