Send a Tweet
Most Popular Choices
Share on Facebook Share on Twitter Share on LinkedIn Share on Reddit Tell A Friend Printer Friendly Page Save As Favorite View Favorites
OpEdNews Op Eds

Empire on 'E'

By Mumia Abu-Jamal  Posted by Hans Bennett (about the submitter)       (Page 1 of 2 pages)     Permalink    (# of views)   1 comment

Related Topic(s): ; ; ; ; ; ; , Add Tags
Add to My Group(s)

Must Read 1   Well Said 1   Valuable 1  
View Ratings | Rate It

- Advertisement -

Listen to the radio-essay here. 


[col. writ. 9/24/08] (c) '08 Mumia Abu-Jamal

In a matter of months, a new man will take the oath of office for the presidency.

- Advertisement -
Whether he is the oldest in history, or the first Black one, of one thing we may be certain.

He will be hobbled by a sea of red ink, and therefore bereft of most of the resources to bring his campaign promises to reality.

For as the fires continue to rage throughout the financial markets, they will turn tax returns into smoke.

- Advertisement -
Don't expect any of them to tell you this, but you can rest assured that all of them know it. And if the office of the Imperial presidency will be strapped for resources, what of average folks?

As an old saying (sorta) goes, 'stuff rolls downhill.'

As businesses tighten up, credit tightens up, and spending tightens up.

This economy (as even the Mad Prince Bush has urged) relies on consumption, or shopping, to function. Anything that weakens this process has a whiplash effect throughout the economy.

Earlier this year, American financier George Soros announced, shortly after the failure of the economic talks at Davos, Switzerland, that the U.S. economy has reached a new stage marking an end of the era. "The current crisis is not only the bust that follows the housing boom", Soros explained, adding, "It's basically the end of a 60-year period of continuing credit expansion based on the dollar as the reserve currency."

Soros made these observations in January of 2008.

- Advertisement -
Things have obviously gotten considerably worse since then. The economy is increasingly coming under state control, and social wealth is being aggregated to protect private capital.

What created this crisis was rampant crony capitalism, and unless that is addressed by deep structural transformation, these problems will only worsen.

That is virtually inevitable.

Next Page  1  |  2


- Advertisement -

Must Read 1   Well Said 1   Valuable 1  
View Ratings | Rate It

Hans Bennett is a multi-media journalist mostly focusing on the movement to free Mumia Abu-Jamal and all political prisoners. An archive of his work is available at and he is also co-founder of "Journalists for Mumia," (more...)

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon Share Author on Social Media   Go To Commenting

The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact EditorContact Editor

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author) An interview with Rob Kall

Organizing to Abolish the Prison-Industrial Complex

AUDIO & PRESS RELEASE: New Mumia Crime Scene Photos Unveiled for First Time in the US!

The Assassination of Fred Hampton -- a Book Review