Are we expert enough to right our wrongs?

[“Humpty Dumpty sat on a wall. Humpty Dumpty had a great fall...” Mother Goose, 1803]

Perhaps we’ve listened to experts about the economy for too long.

I feel the mighty have fallen. And some mighty men and once mighty systems seem to be in free fall.

Consider the following from Death of the Liberal Class by Chris Hedges:

Alan Greenspan, the former head of the Federal reserve Board, once treated with reverential deference by the power elite and the liberal class, announced in 2008, “I made a mistake in presuming that the self-interest of organizations, specifically banks and others, were such that they were best capable of protecting their own shareholders and their equity in their firms.”

Greenspan exposed the folly of the liberal experts and economists, who had promoted a baseless belief in the power of free markets to self-regulate and solve the world’s problems. In holding up what amounts to a strenuously defended utopianism, these leaders ignored three thousand years of economic and human history to serve a corporate ideology.

All the promises of the free market have turned out to be lies. (pg. 153 - 154)

And still, we place profit ahead of people in the hopes of shared wealth. We place the economy ahead of our environment and leave reparations to future generations.We place unsustainable lifestyles now ahead of a sustainable future for our children and grandchildren. And there are many signs we are not clever enough to see or right our wrongs.

Proponents of the free markets and globalization still rule the media.


[Link to images by Rene Milot]

Chris Hedges writes, “The New York Times columnist Thomas Friedman, a cheerleader for the Iraq war and globalization, became the poster child for the new class of corporate mandarins. And although Friedman was disastrously wrong about the outcome of the occupation, as he was about the effects of globalization, he continues, with a handful of other apologists, to dominate the airwaves.” (pg. 142)

As well, many North American political leaders are stymied, stuck in their ‘business as usual’ ways or just plain stupid.

Under the headline ‘U.S. lawmakers abandon deficit cutting efforts’ in Tuesday’s London Free Press I read the following:

...The admission of defeat by Republicans and Democrats on a 12-member congressional "super committee" is likely to cement perceptions among voters and investors that politicians are too divided to tackle trillion-dollar budget deficits and a national debt that now is roughly equal to the U.S. economy.

President Barack Obama has kept his distance from the talks, choosing instead to emphasize a job-creation package that has been blocked by Republicans. He said Republicans had scuttled the talks by refusing to consider tax hikes on the wealthy. [Link to full article here]

Doesn’t it seem that there’s no end to the difficulties that strangle the U.S’s chance to move forward?


["GH mantra: Reduce spending, pay down debt, save money"]

And while that is going on, in Canada, our own Prime Minister shuffles about the globe hoping to find buyers of the costly crude that is squeezed - not gently, in more ways than one - from his beloved Alberta Tar Sands, a deep dark hole where reasonable environmental standards and thoughts of a healthy, sustainable future go to die.

Our experts are falling and failing, it seems to me.

Over 200 years ago people were entertained my Mother Goose and learned the fate of one poor egg that fell off a wall.

“... All the king's horses and all the king's men
Couldn't put Humpty together again.”

Today’s experts may think otherwise, but we may suffer the same fate soon with our belief in free markets, globalization, and unsustainable lifestyles.

It’s time for breakfast. I’m thinking... omelette.

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