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Sat Dec 31, 2011, 08:19 AM

Our Economy Has Failed -- Until We Admit That, We're Screwed [View all]


ColorLines / By Kai Wright

Our Economy Has Failed -- Until We Admit That, We're Screwed
Industries, communities, natural resources, even sports leagues have collapsed as Ronald Reagan’s corrosive vision has become dominant.

December 30, 2011 |


At the foot of Manhattan’s Broadway Ave., just below Wall Street, stands one of the city’s most reliable tourism draws: Arturo Di Modica’s 3.5-ton statue of a charging bull. Since 1989, the sculpture has been an iconic symbol of American wealth, of the aggressive capitalist spirit that, it is argued, made this country great and powerful. Visitors flock from around the world to rub the bull’s horns for good luck. Or they used to, at least. Now, tourists snap pictures from behind police barricades.

For more than two months, the raging bull of wealth has sat caged, facing eye-to-eye with a New York Police Department cruiser as cops have worked around the clock to protect it from the Occupy Wall Street movement. The park’s administrator has called the security “Orwellian.” That’s to say the least.

If you’re looking for visuals to encapsulate 2011, look no further than the bizarre scene at Di Modica’s bull. Daily, the country’s largest police force mobilizes to protect the idea of American prosperity from an imagined threat, while the actual economy lays gored and gutted by demonstrable and ongoing crimes.

In the immediate, this perversity results from a spectacular failure of political leadership. We traveled a long, winding road to the point at which no-brainers like a modest payroll tax cut and an extension of unemployment benefits demand political brinksmanship. People of varying ideologies and partisan affiliations may debate endlessly who’s more at fault, but to do so is to truly miss the forest for the trees. The ugly reality is no leader in either party has yet shown the mettle to rise and meet the enormity of today’s challenges. ...............(more)

The complete piece is at: http://www.alternet.org/economy/153614/our_economy_has_failed_--_until_we_admit_that%2C_we%27re_screwed/



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Reply Our Economy Has Failed -- Until We Admit That, We're Screwed [View all]
marmar Dec 2011 OP
ixion Dec 2011 #1
Possumpoint Dec 2011 #2
4dsc Dec 2011 #3
Thaddeus Kosciuszko Dec 2011 #7
Possumpoint Dec 2011 #8
Thaddeus Kosciuszko Jan 2012 #23
fasttense Jan 2012 #21
russspeakeasy Dec 2011 #10
truedelphi Dec 2011 #14
dkf Dec 2011 #4
PETRUS Dec 2011 #9
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jwirr Dec 2011 #12
JDPriestly Dec 2011 #17
dkf Jan 2012 #24
bhikkhu Dec 2011 #19
90-percent Dec 2011 #5
xchrom Dec 2011 #6
femrap Dec 2011 #13
ddickey Dec 2011 #15
Initech Dec 2011 #16
bhikkhu Dec 2011 #18
fasttense Jan 2012 #22
bhikkhu Jan 2012 #25
chervilant Jan 2012 #20