| Brian Holmes on Mon, 16 Jul 2012 16:04:56 +0200 (CEST) |
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| Re: <nettime> Naomi Wolf: This global financial fraud and its gatekeepers (Guardian) |
On 07/15/2012 09:48 AM, Patrice Riemens forwarded this:
The notion that the entire global financial system is riddled with systemic fraud – and that key players in the gatekeeper roles, both in finance and in government, including regulatory bodies, know it and choose to quietly sustain this reality – is one that would have only recently seemed like the frenzied hypothesis of tinhat-wearers, but this week's headlines make such a conclusion, sadly, inevitable.
As Keith says, this has been going on since October 27, 1986, when the City of London was essentially offshored and screen-based trading began. Since then, the huge troves of money and expertise concentrated by the financial sectors of each country and region have reshaped practically all aspects of government, to the point where today, citizens confront what appears to be the police (and perhaps tomorrow the armies?) of finance. The potential for a shift from creeping to full-blown fascism is sobering. We are changing to a new era, not through the abrogation of neoliberalism but through its logical culmination. The next few years will be decisive - but of what, remains yet unknown.
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