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Wednesday, June 1, 2011

Zombie Politics, Democracy and the Threat of Authoritarianism - Part I

Zombie Politics, Democracy and the Threat of Authoritarianism - Part I
Henry A. Giroux, Peter Lang Publishing Group Book Excerpt: "The twenty-first-century zombies no longer emerge from the grave; they now inhabit the rich environs of Wall Street and roam the halls of the gilded monuments of greed such as Goldman Sachs. As an editorial in The New York Times points out, the new zombies of free-market fundamentalism turned 'the financial system into a casino. Like gambling, the transactions mostly just shifted paper money around the globe. Unlike gambling, they packed an enormous capacity for collective and economic destruction - hobbling banks that made bad bets, freezing credit and economic activity. Society - not the bankers - bore the cost.'"
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