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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWTF ...44
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and we wonder why the 1% have it all ... when the rules of the game are all rigged
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WTF ...44 (Original Post)
pbmus
Jul 2014
OP
Nominated to the Fed by Reagan, George H. W. Bush, Bill Clinton and George W. Bush. n/t
PoliticAverse
Jul 2014
#1
Did Greenspan actually use the word "masters" that just seems too over the top?
Uncle Joe
Jul 2014
#6
PoliticAverse
(26,366 posts)1. Nominated to the Fed by Reagan, George H. W. Bush, Bill Clinton and George W. Bush. n/t
n2doc
(47,953 posts)2. Spoken like a man who hasn't ever faced such insecurity in his life. n/t
Enthusiast
(50,983 posts)3. Way to go, Alan. You fucked up the entire nation.
pbmus
(12,418 posts)4. Frankly NO he did not f up the entire nation ....
he had enormous help by most of our elected officials, greedy corporations and a dim witted electorate who will believe anything so long as it is less than 7 words and monosyllabic ....
NightWatcher
(39,343 posts)5. and my wife reads the nightly news to you and will never mention this
Uncle Joe
(58,107 posts)6. Did Greenspan actually use the word "masters" that just seems too over the top?
Thanks for the thread, pbmus.
pinboy3niner
(53,339 posts)9. No, Chomsky used the word in describing Greenspan's testimony
See #8.
Uncle Joe
(58,107 posts)10. I saw it, thanks for the clarification, pinboy3miner.
CTyankee
(63,768 posts)7. oh, well, it won't affect YOU, after all...so...WTF...
pinboy3niner
(53,339 posts)8. That's not actually a direct quote
It's Noam Chomsky's characterization of Greenspan's congressional testimony:
This idea is sometimes made quite overt. So when Alan Greenspan was testifying before Congress in 1997 on the marvels of the economy he was running, he said straight out that one of the bases for its economic success was imposing what he called greater worker insecurity. If workers are more insecure, thats very healthy for the society, because if workers are insecure they wont ask for wages, they wont go on strike, they wont call for benefits; theyll serve the masters gladly and passively. And thats optimal for corporations economic health. At the time, everyone regarded Greenspans comment as very reasonable, judging by the lack of reaction and the great acclaim he enjoyed.
On Academic Labor
by NOAM CHOMSKY
http://www.counterpunch.org/2014/02/28/on-academic-labor/
On Academic Labor
by NOAM CHOMSKY
http://www.counterpunch.org/2014/02/28/on-academic-labor/
The transcript of the testimony is here:
Testimony of Chairman Alan Greenspan
The Federal Reserve's semiannual monetary policy report
Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate
February 26, 1997
http://www.federalreserve.gov/boarddocs/hh/1997/february/testimony.htm
pbmus
(12,418 posts)11. Thank you for your contribution ...nt