[Dialogue] Howard Zinn's alternative
KroegerD at aol.com
KroegerD at aol.com
Thu Oct 2 21:01:00 EDT 2008
>From Empire to Democracy
Let's not waste $700bn on a bail-out, but use 'big government' for what it's
best at – shaping a society that is fair and peaceable
by Howard Zinn
This current _financial crisis_
(http://www.guardian.co.uk/business/marketturmoil) is a major way-station on the way to the collapse of the American
empire. The first important sign was 9/11, with the most heavily-armed nation in
the world shown to be vulnerable to a handful of hijackers.
And now, another sign: both major parties rushing to get an agreement to
spend _$700bn of taxpayers' money_
(http://afp.google.com/article/ALeqM5jdH_jFDkWlSEeZocD5AIpAwxEfBA) to pour down the drain of huge financial institutions
which are notable for two characteristics: incompetence and greed.
There is a much better solution to the current financial crisis. But it
requires discarding what has been conventional "wisdom" for too long: that
government intervention in the economy ("big government") must be avoided like the
plague, because the "free market" will guide the economy towards growth and
justice.
Let's face a historical truth: we have never had a "free market", we have
always had government intervention in the economy, and indeed that intervention
has been welcomed by the captains of finance and industry. They had no
quarrel with "big government" when it served their needs.
It started way back, when the founding fathers met in Philadelphia in 1787 to
draft the constitution. The first big bail-out was the decision of the new
government to redeem for full value the almost worthless bonds held by
speculators. And this role of big government, supporting the interests of the
business classes, continued all through the nation's history.
The rationale for taking $700bn from the taxpayers to subsidise huge
financial institutions is that somehow that wealth will trickle down to the people
who need it. This has never worked.
The alternative is simple and powerful. Take that huge sum of money and give
it directly to the people who need it. Let the government declare a
moratorium on foreclosures and give aid to homeowners to help them pay off their
mortgages. Create a federal jobs programme to guarantee work to people who want
and need jobs and for whom "the free market" has not come through.
We have a historic and successful precedent. _Roosevelt's New Deal_
(http://www.independent.co.uk/news/world/politics/the-big-question-what-was-roosevelts-n
ew-deal-and-is-something-like-it-needed-today-932942.html) put millions of
people to work, rebuilding the nation's infrastructure, and, defying the cries
of "socialism", established social security. That can be carried further,
with "health security" - free health care - for all.
All that will take more than $700bn. But the money is there. In the $600bn
for the military budget, once we decide we will no longer be a war-making
nation. And in the swollen bank accounts of the super-rich, by taxing vigorously
both their income and their wealth.
When the cry goes up, whether from Republicans or Democrats, that this must
not be done because it is "big government", the citizenry should just laugh.
And then agitate and organise on behalf of what the Declaration of
Independence promised: that it is the responsibility of government to ensure the equal
right of all to "life, liberty, and the pursuit of happiness".
Only such a bold approach can save the nation - not as an empire, but as a
democracy.
© Guardian News and Media Limited 2008
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