Questions about moral equivalence by Chris Hedges

I do wish I could disagree with Chris Hedges, because the world view he paints brings me way down. Here are some of his questions, from a recent article at Truthdig called "Fooled Again":

Is the Goldman Sachs commodity trader, who hoards futures of rice, wheat, corn, sugar and livestock to jack up prices on the global market, leaving poor people in Africa, Asia, the Middle East and Latin America to starve, any less morally repugnant than the drug trafficker? Are F-16 pilots who incinerate families in Raqqa morally distinct from jihadists who burn a captured Jordanian pilot in a cage? Is torture in one of our black sites or offshore penal colonies any less barbaric than torture at the hands of Islamic State? Are the decapitations of children by military drones any more defensible than decapitations of Egyptian laborers on a beach in Libya by self-described holy warriors? Is Heather Bresch, the CEO of Mylan, who raised the price of the lifesaving EpiPen by 400 percent or more and whose compensation since 2007 has risen by 600 percent to above $18 million a year, any less venal than a human trafficker who sends an overloaded boat and its occupants to their doom on the coast of Libya?
What is the endgame?
History has amply demonstrated where this will end up. The continued exploitation by an unchecked elite, and the rising levels of poverty and insecurity, will unleash a legitimate rage among the desperate. They will see through the lies and propaganda of the elites. They will demand retribution. They will turn to those who express the hatred they feel for the powerful and the institutions, now shams, that were designed to give them a voice. They will seek not reform but destruction of a system that has betrayed them.

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Chris Hedges: No way within the system to vote against corporate capture of the United States

Chris Hedges asserts that Americans are seeing through the plutocratic mendacity that currently governs them, and that's why they are taking to the streets. The Occupy protests we are seeing are not at all like the Tea Party, which is "bankrolled by the most retrograde elements in American society." What we are now seeing on the streets is genuine, and we need it, given the "continuity" that is apparent from the Administrations of George W. Bush to that of Barack Obama. The commonality of interests against the corporate state is a "unifying force" and we will now see whether we can stand together to take back our country.

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Chris Hedges is not bullish on America

I’m finished watching the first thirty minutes of this talk by Chris Hedges, and much of it is resonating with me. Here are a few of the early points made by Hedges: Those who have been hurt the most by corporate profiteering have been rendered invisible by the corporate media. The corporate media has imposed “a bland uniformity of opinion” upon us. Those who are the most powerful are not those who hold formal titles; It’s our job to make the powerful frightened of us. The question isn’t how to get “good people” into power. It’s how we can limit the damage done to us by people in power. Liberals have lost all credibility. We now have a bankrupt liberal class – one that is nihilist. They “refuse to confront the permanent war economy.” The up and coming fascist movements in America have tapped into the rage of ordinary American because liberals failed to seize the opportunity. We will now increasingly have to deal with politicians whose aim is totalitarianism. They will find scapegoats to blame for America’s woes, and they will not serve as legitimate rulers. Rather, they will, as George Orwell predicted, “cling to power by force and fraud.” We now have “inverted totalitarianism.” It has not been built around a demagogue; rather, it is "expressed in the anonymity of the corporate state." Citizens are utterly impotent within the current system.

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Wall Street, redux

Chris Hedges pulls no punches at Truthdig when he discusses what's wrong with Wall Street banks:

These deeply stunted and maladjusted individuals, from Treasury Secretary Timothy Geithner to Robert Rubin to Lawrence Summers to the heads of Goldman Sachs, Morgan Stanley, J.P. Morgan Chase and Bank of America, hold the fate of the nation in their hands. They have access to trillions of taxpayer dollars and are looting the U.S. Treasury to sustain reckless speculation. The financial and corporate system alone validates them. It defines them. It must be served. This is why e-mails from the New York Fed to AIG, telling the bailed-out insurer not to make public the overpaying of Wall Street firms with taxpayer money, were sent when Geithner was in charge of the government agency. These criminals sold the public investments they knew to be trash. They used campaign contributions and lobbyists to turn elected officials into stooges and gut oversight and regulation. They took over retirement savings and pensions and wiped them out. And then they seized some $13 trillion in taxpayer money so they could lend it to us with interest. It is circular theft. This is why we will endure another catastrophic financial collapse. This is why firms like Goldman Sachs are more dangerous to the nation than al-Qaida.

These corporations don't make anything. They don't produce anything. They gamble and bet and speculate. And when they lose vast sums they raid the U.S. Treasury so they can go back and do it again. . . . The foundation has not changed. The regulations are bullshit. The old assets are still crap.

Why does any of this matter? Because dollars are fungible, and so are tax dollars. They are not pre-marked for specific uses such as paying someone tens of millions of dollars in a "bonus" that is unwittingly financed by taxpayers. Those dollars that are being wasted on Wall Street banks could be going to critically important purposes, such as developing new methods of producing energy, researching new medicines, retraining workers. Or they could be providing better nutrition to people in need, including children. Of course, those dollars would be better used than they are currently being used even if they merely remained in the possession of the workers who earned them, rather than taxing those workers and then handing those dollars to too-big-to-fail banks.

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