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To: GROUND ZERO™ who wrote (15812)10/26/2008 12:45:53 AM
From: Aloysius Q. Finnegan1 Recommendation  Respond to of 29622
 
I doubt the American depression would have occurred if a centralized state apparatus was in place as it is today. Indeed, it was the eventual government response to the depression that forged and empowered those very same state capitalist institutions that we suffer from today. Perhaps instead of a depression we would have found ourselves in a hyperinflated Second Weimar Republic.
With discontented bankers, workers and trading partners clambering for a solution, the easiest route for the US government to take today is to create trillions of virtual dollars. Everyone is pleased by the immediacy of the response.
Perhaps our fear of the depression has made us blind to the horrors of hyperinflation such as that which occurred in the Weimar Republic.
Except for goldbugs, maybe no one should care if it is hyperinflation or depression before us. Either road travelled will be horrific. And they they will both end up at the same destination ... War.
The masses will rise up with either hyperinflation or depression. The only way the state capitalist institutions will survive is to redirect our rage, rally us around the flag, and march us all off to the next global slaughter. If nothing else it will cure the unemployment problem.