Grand Theft America

Linked with Stephen Lendman – USA.

Published on, by Stephen Lendman, 29 September, 2008.

The crime of the century. The greatest one ever. Author Danny Schechter calls it “Plunder.” The title of his important new book on the subprime and overall financial crisis …

… The result of unfettered capitalism’s fatal flaw – unbridled greed in a rigged system that rewards the few at the expense of most others. First an explanation of how it works. Free-wheeling, “free market” Chicago School fundamentalism the way economist Milton Friedman championed it in his 1962 book “Capitalism and Freedom” and taught it to students for decades. He believed that government’s sole function is “to protect our freedom both from (outside) enemies….and from our fellow-citizens.” Preserve law and order. Enforce private contracts. Protect private property and “foster competitive (unregulated) markets.” Everything else in public hands is “socialism….blasphemy.” Not to be tolerated …

… A Growing Public Response to the Crisis:

For how long is the question given growing public anger and people expressing it publicly. It has administration officials worried enough to order what Michel Chossudovsky wrote in his September 26 article titled “Pre-election Militarization of the North American Homeland.”

He cites an Army Times article saying that the 3rd Infantry’s 1st Brigade Combat Team is coming home (in October) from Iraq as (according to the Times) “an on-call federal response force for natural or manmade emergencies and disasters, including terrorist attacks.” Perhaps with a manufactured incident as pretext. To defend the homeland against ourselves. Be deployed against dissent. Erupting public anger. On city streets like in Denver and St. Paul. Displaying civil disobedience. Defiance against fraud, deceit, illegal foreign wars, and nearly eight intolerable years under George Bush and a complicit Congress. Capped by the current financial crisis touching everyone while government rewards crime and hangs its victims out to dry.

Chossudovsky is blunt about the possibilities. The 3rd Infantry’s 1st Brigade is for combat. It’s not the National Guard or local police. It’s trained for war. “Equipped to kill people” with potent weapons, and a last hurrah scheme may be planned to divert public attention from the financial crisis. A “terrorist” attack with “chemical, biological” or other dangerous weapons. A possible pretext for martial law at a time the administration and Congress are vulnerable. When people are angry about Washington protecting the privileged. Partnering with them in crime. Defrauding the public and stifling dissent. Moving one step closer to tyranny and away from silly notions about democracy. Proving crime indeed does pay and awfully well on Wall Street. “It’s the economy, stupid.” Theirs, not ours. (full text).

(Stephen Lendman is a Research Associate of the Centre for Research on Globalization. He lives in Chicago and can be reached by mail. Also visit his blog site at and listen to The Global Research News Hour on Mondays from 11AM – 1PM for cutting-edge discussions with distinguished guests. All programs are archived for easy listening).

Links to related articles:

The video: The end of free-market fundamentalism, 5.38 min.
ANP: But is it really? And where is American capitalism headed? September 29, 2008

We Have The Money- If Only We Didn’t Waste It on The Defense Budget
on Tom, by Chalmers Johnson, 28 September, 2008.

The Credit Crisis May Reflect Concern With Likely Growing Trade union Power
on, by Anthony Ravlich, 26 September, 2008.

A Better Bailout By Joseph E. Stiglitz
on The Nation, by Joseph E. Stiglitz, September 26, 2008.

What If The Bailout Plan Doesn’t Work?
on (first on, by Eamon Javers, 24 September, 2008.

Global Priorities: Feeding Markets, Starving the Hungry
on STWR, by Devinder Sharma, Sept. 22, 2008.

Comments are closed.