A Race to Rock Bottom: The Texas Economic Model
If you care about putting people back to work when nearly 14 million are unemployed, maybe Texas has something to teach us.
— Rick Wartzman, LA Times 7/3/11
The same economic geniuses that gave us the Great Recession and nearly crashed the global economy are back with a vengeance and a new message: We ought to be following the Texas model of job creation.
Those of us who have memories longer than an Alzheimer patient will recall that these are the same chefs who cooked up the deadly brew of Free Trade, deregulation, evisceration of anti-trust laws and unlimited corporate power. To everyone on the working end of the economic strata it was an unmitigated catastrophe and one that may haunt us for decades. But to those whose idea of labor is handing down dictums from the executive suite it all worked out fine. We paid the bill and they got multi-million dollar bonuses.
Those of us with memories longer than a crack addict on pot will also recall the last time the nation adopted the Texas model: Based on a fictional success derived from skewed data, the country was saddled with No Child
Frederick Engels on the Historical Development of Modern Socialism
In the first chapter of Part Three of his classic work “Anti-Dühring”, Engels discusses the origins of the modern socialist movement. He begins with the enthronement of “Reason” by the pre-revolutionary 18th century French philosophers who thought that only reason could be used to answer any of the questions of existence.
After the overthrow of Louis XVI and the abolition of the monarchical French state, a new state was constructed