Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
In reply to the discussion: This international criminal web is huge. Merrick Garland and "The Octopus" [View all]Kid Berwyn
(25,031 posts)3. Money, Power, Fascism -- The Octopus
Milton Friedman and the Rise of Monetary Fascism
The Dark Age of Money
by JAMES C. KENNEDY
CounterPunch Oct. 24, 2012
EXCERPT...
Monetary Fascism was created and propagated through the Chicago School of Economics. Milton Friedmans collective works constitute the foundation of Monetary Fascism. Knowing that the term Fascism was universally unpopular; Friedman and the Chicago School of Economics masquerade these works as Capitalism and Free Market economics.
SNIP...
The fundamental difference between Adam Smiths free market capitalism and Friedmans free market capitalism is that Friedmans is a hyper extractive model, the kind that creates and maintains Third-World-Countries and Banana-Republics, without geo-political borders.
If you say that this is nothing new, you miss the point. Friedman does not differentiate between some third world country and his own. The ultimate difference is that Friedman has created a model that sanctions and promotes the exploitation of his own country, in fact every country, for the benefit of the investor, money the uber-wealthy. He dressed up this noxious ideology as free market capitalism and then convinced most of the world to embrace it as their economic salvation.
SNIP...
Monetary Fascism, as conceived by Friedman, uses the powers of the state to put the interest of money and the financial class above and beyond all other forms of industry (and other stake holders) and the state itself.
SNIP...
Money has become the state and the traditional state is forced to serve moneys interests. Everywhere the Financial Class is openly lording over sovereign nations. Ireland, Greece and Spain are subject to ultimatums and remember Hank Paulsons $700 billion extortion from the U.S. Congress. The $700 billion was just the wedge. Thanks to unlimited access to the Discount Window, Quantitative Easing and other taxpayer funded debt-swap bailouts the total transfers to the financial industry exceeded $16 trillion as of July 2010 according to a Federal Reserve Audit. All of this was dumped on the taxpayer and it is still growing.
CONTINUED...
http://www.counterpunch.org/2012/10/24/the-dark-age-of-money/
Outstanding OP, Botany. Danny Casolaro died fighting the Octopus. The record shows DU was on his side.
The Dark Age of Money
by JAMES C. KENNEDY
CounterPunch Oct. 24, 2012
EXCERPT...
Monetary Fascism was created and propagated through the Chicago School of Economics. Milton Friedmans collective works constitute the foundation of Monetary Fascism. Knowing that the term Fascism was universally unpopular; Friedman and the Chicago School of Economics masquerade these works as Capitalism and Free Market economics.
SNIP...
The fundamental difference between Adam Smiths free market capitalism and Friedmans free market capitalism is that Friedmans is a hyper extractive model, the kind that creates and maintains Third-World-Countries and Banana-Republics, without geo-political borders.
If you say that this is nothing new, you miss the point. Friedman does not differentiate between some third world country and his own. The ultimate difference is that Friedman has created a model that sanctions and promotes the exploitation of his own country, in fact every country, for the benefit of the investor, money the uber-wealthy. He dressed up this noxious ideology as free market capitalism and then convinced most of the world to embrace it as their economic salvation.
SNIP...
Monetary Fascism, as conceived by Friedman, uses the powers of the state to put the interest of money and the financial class above and beyond all other forms of industry (and other stake holders) and the state itself.
SNIP...
Money has become the state and the traditional state is forced to serve moneys interests. Everywhere the Financial Class is openly lording over sovereign nations. Ireland, Greece and Spain are subject to ultimatums and remember Hank Paulsons $700 billion extortion from the U.S. Congress. The $700 billion was just the wedge. Thanks to unlimited access to the Discount Window, Quantitative Easing and other taxpayer funded debt-swap bailouts the total transfers to the financial industry exceeded $16 trillion as of July 2010 according to a Federal Reserve Audit. All of this was dumped on the taxpayer and it is still growing.
CONTINUED...
http://www.counterpunch.org/2012/10/24/the-dark-age-of-money/
Outstanding OP, Botany. Danny Casolaro died fighting the Octopus. The record shows DU was on his side.
Edit history
Please sign in to view edit histories.
Recommendations
22 members have recommended this reply (displayed in chronological order):
57 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
This international criminal web is huge. Merrick Garland and "The Octopus" [View all]
Botany
12 hrs ago
OP
who else is attacking Trump's prosecutors, and the man who convicted the rioters Trump pardoned, released
bigtree
11 hrs ago
#1
Garland delayed in prosecuting Trump after GOP tried to delay his nomination for a huge loss of time.
GreenWave
10 hrs ago
#4
Garland fell short for whatever reason and on that basis given the ramifications, was a colossal failure. Defending him
KPN
7 hrs ago
#29
Alisa Valdes-Rodriguez is doing her courageous part with the Epstein horrors on her substack.
Bumbles
10 hrs ago
#5
If Merrick Garland is really "one of them" then why wasn't he approved for SCOTUS?
FakeNoose
10 hrs ago
#6
most people who pretend he's some double agent don't know anything about the actual prosecution
bigtree
10 hrs ago
#11
what's sad is the literal surrender from people claiming to be so concerned with prosecuting Trump
bigtree
4 hrs ago
#47
If Jack Smith ever comes forward and says that Merrick Garland is actually "corrupt" and "in with them"
FakeNoose
2 hrs ago
#53
I HAVE SAID MOST OF THIS, EVEN BCCI. AND THEN THE "WOOO! TINHAT!" COMMENTS......
ColoringFool
10 hrs ago
#8
To people like Thiel, Musk, and their employees manipulating the data to get their and the Powers That Be ..
Botany
10 hrs ago
#13
True. My understanding was he selected Garland as someone the R Senate would surely approve -- part of his "team of
KPN
7 hrs ago
#31
Great post/thread Botany, even if in small or even large part it is theory. Theory is what leads to finding facts and
KPN
7 hrs ago
#32
All I know is, Trump never talks about Garland nor does he seek revenge against him
thebigidea
6 hrs ago
#34
It's a false claim to imply Trump is going after Garland in the courts like he is everyone else
thebigidea
9 min ago
#57
It is BlueAnon. It pushes CT crackpottery that repeatededly has been debunked, yet it persists.
Celerity
4 hrs ago
#43
This thing, I call it the evil of psychopaths, has existed for all time. ...
littlemissmartypants
4 hrs ago
#48
It is difficult to have useful discussions of this type of material, because...
TygrBright
2 hrs ago
#54