STOCK MARKET WATCH -- Monday, 14 October 2013

[Demeter]

16. The Calvinistic Elite Rejoices at such news

It is exactly what they wished for.

Whereas, we would prefer to shut down the Military Occupations and Corporate Subsidies, including Energy and Agribusiness and the abusers of comsumers, wherever they may operate...

The South is holding America hostage: The Tea Party's not crazy -- they had a plan. Now liberals and progressives need one, too By Michael Lind

http://www.salon.com/2013/10/13/the_south_is_holding_america_hostage/

When I have described the well-considered, coherent political and economic strategies of the conservative white South, as I have done here, here and here, I am sometimes been accused of being a “conspiracy theorist.” But one need not believe that white-hooded Dragons and Wizards are secretly coordinating the actions of Southern conservative politicians from a bunker underneath Stone Mountain in Georgia to believe that a number of contemporary policies — from race-to-the-bottom economic policies to voter disfranchisement and attempts to decentralize or privatize federal social insurance entitlements — serve the interests of those who promote them, who tend to be white Southern conservatives.

Just as a strategy is not a conspiracy, so it is not insanity. Ironically, American progressives, centrists and some Northern conservatives are only deluding themselves, when they insist that the kind of right-wing Southerners behind the government shutdown are “crazy.” Crazy, yes — crazy like a fox.

Another mistake is the failure to recognize that the Southern elite strategy, though bound up with white supremacy throughout history, is primarily about cheap and powerless labor, not about race. If the South and the U.S. as a whole through some magical transformation became racially homogeneous tomorrow, there is no reason to believe that the Southern business and political class would suddenly embrace a new model of political economy based on high wages, high taxes and centralized government, rather than pursue its historical model of a low-wage, low-tax, decentralized system, even though all workers, employers and investors now shared a common skin color.

So the struggle is not one to convert Southern Baptists to Darwinism or to get racists to celebrate diversity. The on-going power struggle between the local elites of the former Confederacy and their allies in other regions and the rest of the United States is not primarily about personal attitudes. It is about power and wealth.

For some time, the initiative has rested with the Southern power elite, which knows what it wants and has a plan to get it. The strategy of the conservative South, as a nation-within-a nation and in the global economy, combines an economic strategy and a political strategy....

WELL WORTH THE READ