ENDING THE TYRANNY OF THE BANKSTERS

                                                                           
                                                                   

Ellen Brown recently wrote an article in which she laid out the options for essential changes in the American economic system that will be necessary to survive the coming economic collapse. She sees this as inevitable given the pernicious effects of a shadow banking system that is using wealth sucked up by bankers to create a massive pool of debt that cannot be repaid when the Ponzi scheme inevitably collapses. Many of the proposals she lays out would repair some aspects of the broken system, while others would be transformative, creating a system that could be stable indefinitely.

We cannot accomplish any of the goals Brown sets out in her article without electing a Congress that will put the needs of the People over the desires of corporations and the rich. That is why it is so important for Americans to join the growing movement to make a constitutional amendment to reform campaign finance and abolish corporate personhood a campaign issue. While this would not end the corruption of the US government by banks and other special interests, in electing a Congress that will pass such an amendment, we will put in place men and women who will clearly be willing to deal with the other sources of corruption.

The Populist movement starting in the late 1800s provides useful lessons, as enumerated in Lawrence Goodwyn’s seminal work The Populist Moment, outlined here. I believe that despite its limitations, it culminated in the New Deal because the ideas it introduced into American political thinking remained at the time of the Great Depression. The changes in the system of regulation of finance in response to the economic collapse were largely responsible for the United States entering the  to the greatest era of prosperity in its history. The key to the success was creating a new political consciousness that challenged the political orthodoxy that maintained a system that economically enslaved the vast bulk of Americans.

Most people regard the Populist movement as having failed because the revolution in political thought was insufficient to elect a Congress that would take on the banksters. There are two reasons I think we can overcome this at this point in history.

First, in America at that time people were used to poverty. Until they felt personally empowered and had specific political goals, they were unprepared to take collective action that would translate to political power. The goal of the Populist movement was to create a way for the working man to get credit and cash without depending on private banks who controlled the money supply. We are facing the same issues today. The difference is that Americans are not only seeing no progress in their economic well-being but for the first time since the New Deal, they are experiencing a decline in their standard of living.

Our other advantage is that we have an electronic system of mass communication that the Populists lacked. This will make the essential task of educating the public about what needs to be done to end much the corruption much simpler. The key here is for the leading voices in the modern progressive movement to focus American’s attention on the centrality of the issue of corruption and educate them about how to end it. At the same time, they must point out that since the power of the banksters is responsible for both the corruption of government and the destruction of the economy, we must institute the elements of Brown’s plan. The key reforms are to establish a national bank and take away the ability of private banks to control the money supply. While her other suggestions would put a patch on the broken economic system we have now, these would fundamentally transform the economy.

It may seem that the cause of waking up Americans is insurmountable, but we are on the edge of a great economic crash that will force us to remake our economic system. If we are prepared with a plan to elect a Congress that will do this and alternative media that will promote the idea, we can create a sea change in American politics, economics and society of a magnitude never seen before. That is our only hope for ending the economic slavery that Americans have known for most of their history and most of the world has endured throughout the history of the world.

STOP BITCHING AND START THE REVOLUTION

The most common way people give up their power is by thinking they don’t have any.
-Alice Walker

In his seminal work The Populist Moment, Lawrence Goodwyn outlines what it takes to build a genuine grassroots movement for democracy. The Populist movement began shortly after the Civil War, when farmers realized that they were doomed to enslavement by the corporate powers that arose in the aftermath of the war unless they united to use their collective power to defend their interests. After being rebuffed by the overlords of America and the merchants who defended the system for their own gain, they realized that the movement could only gain steam by creating a new political consciousness through educating Americans about how they had been systematically brainwashed into believing that the feudal system that had developed was democratic.

Lacking modern means of communication, Populist leaders began to organize at the local level, empowering lecturers to represent the movement at the local, state and national level. They created an alternative media of newspapers and periodicals to spread their message. Eventually they succeeded at awakening a vast swath of America to the fact that true democracy starts at the grassroots level. It cannot be entrusted to elected representatives beholden to corporate interests who choose who the People get to vote for. The vote only matters when people are willing to abandon the notion that either of the corporate parties represent them and work to elect their own champions. The system cannot be overthrown. It must be changed from within by a People who have learned to question a system that has no resemblance to what they have been taught to believe it is.

Despite stunning success in recruiting farmers tired of being abused for the benefit of the economic elite of their day, creating a cooperative economy proved a daunting task for Populists. Their first goal was to establish a cooperative to sell goods to farmers at a fair rate of interest and to help them sell their products at market rate without extortionate middle men were resisted by the moneyed class. They were stymied when those who controlled the limited money supply refused to accept their collateral for credit necessary to establish their venture. This was when the prevailing political consciousness began to awaken to the degree to which America was in the grip of the bankers and the industries they increasingly controlled. The banksters of the day wielded that power through their control of the supply of both money and credit, just as they do now. This power was more complete than today because under the gold standard, the amount of money available was limited by the amount of gold held by the economic elite.

Today, most spokesmen for change on both the left and right content themselves with complaining about the problems millions of people elsewhere around the world are fighting. There are many more effective ways they could help promote efforts to effectively organize to form a united movement for peace, environmental and economic justice. Fortunately, there are some who are putting more of their efforts into solutions than complaining.

Adam Klugman directed publicity for the Mad As Hell Doctors national tour for single payer in 2009. In 2010, he became the host of Mad as Hell in America. It was perhaps the most radical show on the now-defunct Portland radio station KPOJ, which fell victim to the conservative scheme to take control of the corporate media. The difference between Klugman’s approach and that of more well-known media figures was that when a caller complained about a problem, he demanded that they propose a solution. While most ideas this offered were unrealistic, they did help focus listeners on how to prioritize and strategize for a real democratic revolution.

Most liberal spokespersons lack the vision to offer the truly radical ideas that became part of the Populist manifesto in the late 1880s. Populists realized that they could not escape economic bondage until the government controlled both banks and railroads, the industries that at that time extorted most of what little cash was available to farmers. They proposed that the government nationalize the banks and the railroads and take back the power to create fiat money that would provide the means for a growing population to prosper as America grew.

In the modern era, one of the chief economic spokesmen for the left proposed just this in the wake of the collapse of the American and world economies by the banksters. In little-remembered articles in Rolling Stone and his New York Times column, Paul Krugman called for nationalizing banks. Of course, just as he stopped advocating for single payer when the Democrats made it clear they would not challenge the interests of the Wall Street-controlled medical insurance industry, he retreated to a position supporting Democratic half-measures. There is little doubt that he feared stepping too far from the corporate line might further marginalize his limited influence on economic policy discussions.

The root of the problems we face is corruption of the US government. The most powerful of those who control it are those who control the money supply today. Wall Street criminals have been given a pass by the Department of Justice. The Attorney General is a former partner in the infamous corporate defense firm Covington and Burling, which represented many of the Wall Street types he is in charge of holdling responsible to the law. His priority remains protecting bankster interests while making a show of enforcing the law, levying fines that are considered a cost of doing business and prosecuting corporations instead of their CEOs. Banks and other financial institutions control essentially all the only industries that generate profits and are busy trying to privatize government and the commons. To deal with the problems their depredations have caused, Americans must end the corruption. That should be the focus of the efforts of both conservatives and liberals.  For every problem they bitch about, they should point out the solution: ending the power of corporations and the wealthy to determine who Americans can choose from to represent them.

There are many ways to approach the problem of cleaning up corruption. There is a movement coalescing around these ideas. Americans need to understand that fighting corruption is not just another issue on a list of thousands. It needs to be highlighted on every talk show and “alternative” news outlet remaining. We need a constitutional amendment establishing that money spent to influence politics is not speech and that corporations do not have constitutional rights of people. Such an amendment is favored by roughly 80% of both liberals and conservatives. This is only one of two essential steps. We also need a slate of reform legislation like that proposed in the American Anti-Corruption Act. To get them, Americans must make support for fighting bankster control of government a campaign issue in 2014 and beyond until they elect a Congress that will pass both.

This is the core of the global democratic revolution that is the only hope for liberty and justice for our children and their posterity. Let’s quit bitching and start the revolution.