November 25, 2008

Wall Street Reality TV Disorder

    Paulson just said that solving people's mortgage crises and small business credit crises will really solve the financial crisis, and bring back consumer confidence. 
    But that won't solve the real economic problem. Almost all our actual production (except cars) has emigrated, so there is hardly anything left for local workers to make that thrifty consumers will buy. And even if corporations had jobs to offer here, they would only be making unsustainable products.
    The financial system is not the economy any more than TV is reality. So smart workers and consumers will confer, get real about their local situation, and organize basic production to meet local needs like clean air and water, healthy food, and shelter from the elements. 
    The only way to rebuild an economy is from the grassroots, because if the grassroots can't run their own economies, the pyramid will collapse.

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