Saturday, 14 February 2009
This is part of an interesting article by former The New York Times reporter Chris Hedges, currently a senior fellow at The Nation Institute in New York City and a Lecturer in the Council of the Humanities and the Anschutz Distinguished Fellow at Princeton University. Hedges spent two decades as a foreign correspondent working in Central America, the Middle East, Africa and the Balkans so knows a thing of two, the full transcript will be published on our sister bog ‘How to do Truth’ next week.
By Chris Hedges
The daily bleeding of thousands of jobs will soon turn our economic crisis into a political crisis. The street protests, strikes and riots that have rattled France, Turkey, Greece, Ukraine, Russia, Latvia, Lithuania, Bulgaria and Iceland will descend on us. It is only a matter of time. And not much time. When things start to go sour, when Barack Obama is exposed as a mortal waving a sword at a tidal wave, the United States could plunge into a long period of precarious social instability.
At no period in American history has our democracy been in such peril or has the possibility of totalitarianism been as real. Our way of life is over. Our profligate consumption is finished. Our children will never have the standard of living we had. And poverty and despair will sweep across the landscape like a plague. This is the bleak future. There is nothing President Obama can do to stop it. It has been decades in the making. It cannot be undone with a trillion or two trillion dollars in bailout money. Our empire is dying. Our economy has collapsed
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