‘It turns out that Wall Street, rather than Islamic jihad, has produced our most dangerous terrorists,’ writes Chris Hedges. ‘Just ask the new director of national intelligence, who warned that the deepening economic crisis could trigger a return to the “violent extremism” of the 1920s and 1930s’.
We have a remarkable ability to create our own monsters. A few decades of meddling in the Middle East with our Israeli doppelgänger and we get Hezbollah, Hamas, al-Qaida, the Iraqi resistance movement and a resurgent Taliban. Now we trash the world economy and destroy the ecosystem and sit back to watch our handiwork. Hints of our brave new world seeped out Thursday when Washington’s new director of national intelligence, retired Adm. Dennis Blair, testified before the Senate Intelligence Committee. He warned that the deepening economic crisis posed perhaps our gravest threat to stability and national security. It could trigger, he said, a return to the “violent extremism” of the 1920s and 1930s.
It’s no wonder Revolutionary Road was shut out of the Oscars. As stated in this article from the New York Times, this year the Academy is looking to stories of the “indomitability of human will” to grace with its little gold statues. All of the nominees for best picture are “films built on individual successes” that provide “a nice, big chunk of uplift.” From Slumdog Millionaire to Milk to Frost/Nixon, these are stories where the little guy can beat the big powers that try to keep him down and where human will has the ability to allow us to conquer all, rise up, forge change, and take control of our own lives and destiny. Given that that many of the films deal with battling political and/or economic systems (presidential abuse of power, the Catholic church, economic class stratification), these films are classic Depression era narratives.
In fact, when writing about Slumdog Millionaire, I described it as Frank Capra goes to Mumbai in the 21st Century. Indeed, there is no hiding the fact that we are in a Depression. As the economy sinks lower and lower, people lose their homes and their jobs, and businesses collapse, there is no denying that the Depression is now. So maybe uplift and triumph is what people need. Apparently the Academy thinks they don’t need a movie like Revolutionary Road which provides a relentlessly brutal critique of the shallow illusion of the American Dream and the inherent fallacy of the institution of marriage. Revolutionary Road basically says that everything America pretends to be through its policies of blind acquisition, status through material gain, and a self-deluded vision of Norman Rockwellesque family life is a toxic lie. Well, isn’t it? Of course it is, but now that most Americans have had to look the lie in the face as the veneer of their American Utopia has crumbled under their feet, I guess they don’t want to see it in the movies too.
Like much of the rest of the world, Americans know that the U.S. automotive industry is in the grips of what may be a fatal decline. Unless it receives emergency financingandundergoes significant reform, it is undoubtedly headed for the graveyard in which many American industries are already buried, including those that made televisions and other consumer electronics, many types of scientific and medical equipment, machine tools, textiles, and much earth-moving equipment — and that’s to name only the most obvious candidates. They all lost their competitiveness to newly emerging economies that were able to outpace them in innovative design, price, quality, service, and fuel economy, among other things.
A similar, if far less well known, crisis exists when it comes to the military-industrial complex. That crisis has its roots in the corrupt and deceitful practices that have long characterized the high command of the Armed Forces, civilian executives of the armaments industries, and Congressional opportunists and criminals looking for pork-barrel projects, defense installations for their districts, or even bribes for votes.
The times they are a-changing. Even Alexander Cockburn appears to be tempering his cynicism with cautious optimism.
A betting man, the morning after Obama’s inauguration, would surely have found odds-on stakes that the new president’s first daring cavalry charge would be an assault on the economic crisis, worsening day by day. Our Wednesday-morning gambler would have found much longer odds being offered on any surprising moves in that graveyard of presidential initiatives sign-posted “Israel-Palestine”.
But there’s been no exciting surprise or originality in Obama’s opening engagements with the reeling economy. His team is flush with economists and bankers who helped blaze the path to ruin. He’s been selling his $819 billion stimulus program on the Hill, with all the actors playing their allotted roles and many a cheering Democrat not entirely confident that the House Republicans may not have had a point when, unanimously, they voted No on the package