If you don't think that the endgame to all of this lunacy is a world where every America-critical movement from Black Lives Matter to Our Revolution to the Green Party is ultimately swept up in the collusion narrative along with Donald Trump and his alt-right minions, you haven't been paying attention.
One of the more concerning ramifications of China’s recent turn toward a more totalitarian stance at home is what it means for the geopolitical environment in the years ahead. Several people asked in the comment section of Part 1 why I care about what’s going on in China when we have so many serious problems in the U.S.
I'm sure all of you are aware of the dramatic power play pulled off over the weekend by China's Communist Party to eliminate term limits for both the president and vice president. Prior to the move, Chinese leaders have stuck to two five-year terms since the presidency of Jiang Zemin (1993-2003), but that's about to change as wannabe emperor Xi Jinping positions himself as indefinite ruler of the increasingly totalitarian superstate.
What Sorkin is suggesting is more of the same, although perhaps with worse consequences. If banks take action where policymakers do not or cannot, they are essentially putting themselves above the law. And if banks start playing that role, where does it end?
PVE, then, is first and foremost a narrative device: a tool used, largely unconsciously, to inject fresh legitimacy into a war on terror that by 2008 had fallen into disrepute. More specifically, PVE appears to dampen the queasiness felt at pursuing a course of action that quite obviously conflicts with Western liberal values, wrapping hard-edged counterterrorism in gentle language. In that sense, it renovates a long-held tradition.
Oligarchs, though they speak of deconstructing the administrative state, actually increase deficits and the size and power of law enforcement and the military to protect their global business interests and ensure domestic social control. The parts of the state that serve the common good wither in the name of deregulation and austerity. The parts that promote the oligarchs’ power expand in the name of national security, economic growth and law and order.
Already long ago, from when we sold our vote to no man, the People have abdicated our duties; for the People who once upon a time handed out military command, high civil office, legions — everything, now restrains itself and anxiously hopes for just two things: bread and circuses.
- Juvenal
It's not often you'll hear me say positive things about a U.S. government regulator, but I nearly fell out of my seat when I heard what the Chairman of the U.S. Commodity Futures Trading Commission (CFTC), Christopher Giancarlo, said at today's hearing with the Congressional Committee on Banking, Housing, and Urban Affairs.
In case you missed it, here's his opening statement:
Before I get started, I want to put my cards on the table. I don't trust Republicans like Devin Nunes for a moment. He doesn't care about the civil liberties of Americans, and it's become clear to me the whole "release the memo" thing is largely a political stunt. I'm not claiming there isn't anything important in there, but rather that they don't have the best interests of the U.S. citizenry in mind. Nevertheless, I'm very much in favor of it being released for a variety of reasons.
Back in December, fiscal transparency organization Open the Books published a massive study of federal government spending which contains a wealth of information and some very disturbing statistics.
