Thursday, August 11, 2011

That old L word again: legitimacy.

Global Economic Downturn: A Crisis of Political Economy

1 comment:

Anonymous said...

Interesting argument from this writer, made even more worthy of attention by your post above about how the Fibbies want purchase information from Army Surplus stores. Screw them (but I digress).

I don't necessarily agree with the STRATFOR author that delegitimization of the elite here in the US "would lead to paralysis", whereas, as he writes, in Europe, power would devolve back to the nation-state. I think the American people are more resourceful than that and that there are plenty of them who could make up a new Middle-American elite, as Sam Francis wrote in his essays on MARs ("Middle American Revolutionaries"). Here in the US, power would devolve back to the *old* nation-states we had under the Articles of Confederation (or something akin to that arrangement), or to new nation-states that come into being having slightly (or maybe substantially) different geographical configurations. We've got a big land mass here, lots of technology, and plenty of republican/constitutionalist knowhow, resolve and patriotism. Acccordingly, we wouldn't go third world or anything like that. If the current elites go, and go they must, I believe that not only is all not lost, but a new day for America will be at hand. Not to say it couldn't get ugly in the process, but ultimately "paralysis"? I think not.