Reply #26: It's a rhetorical question, aimed at those here on DU [View All]

[Tansy_Gold]

who post or even those who just lurk and still believe that pouring bazillions into Goldman Sachs et alia is the cure for "the economy."

Too many have lost sight of where economies come from, and if they don't understand the basics from Econ 101, they can't go on to the more complex issues of Econ 202 and Econ 486 and so on.

Hell, I'm not even ready for that yet!

It's the whole "Thank God it passed" bull shit and the "What would we have done if the economy had collapsed!" when in reality it was just a bank that was on the verge of failing, not "the economy." (Why not let AIG go down the tubes? Hell, they weren't even a bank! They were just a gambler on steroids that welched on its bets!)

My intention was to spark discussion, and maybe allow that spark to light a little flame that would enlighten those who have only learned economics as "explained" by Lou Dobbs, Paul Krugman, Tim Geithner, etc. None of us is in a position to really personally benefit from that kind of economic theory whether it's correct or not. We need to understand how "economics" is built into and affects our everyday individual lives. And that includes why "free trade" is nothing of the sort and how it hurts both the underpaid producers and the bargain-hunting consumers, but that's for another post.



Tansy Gold, proud proponent of Dorothy Smith's sociology of everyday life and therefore much more of a social scientist than an economist