In a recent post, one of our Gather minions of the Koch persuasion opined that the USA was becoming a Banana Republic because of the actions of President Obama.Â It wasn't the minion's own idea, of course.Â It came from an editorial in a hyperconservative "Financial" (by which I mean political) publication, and he felt it his bounded duty to spread the good word.Â But that's not the only source of this particular hysteria... you find it in every publication, except that most of them don't cite presidential actions as proof.
In fact, President Obama has done nothing that would move us in any such direction.Â "Banana Republic" defines a country that has had its assets and treasure consolidated into the smallest number of private hands.Â Unfortunately, in THAT sense, the idea that America is becoming a Banana Republic is too accurate to be comfortable. I said once that all we needed to do was to look at South America to see where we are headed economically.Â The response that I must be a fan of Hugo Chavez; a comment so stupid I didn't bother to respond.Â The fact is, this sort of economic stupidity lends itself to the election of the Chavez's of the world.
Since the middle '60s, America's "elite," her wealthiest citizens and corporations have been simply extracting money from her workers, her government budgets, and her smaller "job maker" companies (by the simple expedient of buying them and wrecking them), and isolating it from the economy.
I've been saying this in bits and pieces for the last two years.Â But this guy from Truth-out says it much better.Â The rich effectively seceding from America to protected enclaves and lives, leaving us to try to keep the country afloat.Â They don't believe they NEED a country, except for a skeleton government to issue them money and passports.
Read it and tell me where he's wrong.