Giordano Bruno at Neithercorp Press has a brilliant essay that deconstructs six typical cliches people recur to for rationalizing the sheer insanity of the global economic system, despite the mountains of evidence in front of our eyes:
1. The economy is too complex to be controlled by just a handful of people.
2. Yes, international banks triggered the meltdown, but the “greed of Capitalism” is truly to blame (i.e. Its all the Republican Party’s fault).
3. Global banks would never engineer the collapse of the U.S. economy or the Dollar. It makes them too much money.
4. China would never dump U.S. Treasuries because it would hurt them as much as it hurts the U.S.
5. Ok, maybe the banks are causing a collapse, but to say the government is helping them is just crazy conspiracy theory.
For the actual deconstructing of each one of them, read Giordano’s essay here.
