
Hope Dashed
The Coming Tragedy of
American Capitalism
by Doc Cuddy, Editor
What do the following have in common?
Russia in the early 1920s.
Germany
and Italy in the 1930s.
China
in the 1950s.
America
in most of the decades since 1776?
Answer: Hope.
In
each country revolution brought profound social and economic change. An old established
order was swept aside, a new structure was put in place where it seemed all citizens would
be able to better themselves. And the citizens were filled with hope, for
themselves and for their children.
We know all too well what happened in Russia, Germany, and China after the vision
proved unsustainable, the hope unattainable: Stalin, Hitler, Mao.
Among the remarkable characteristics of the American experiment, the long run of
American hope may be the most extraordinary. Decade after decade, hope offered and hope
realized, through war, through economic collapse, through social upheaval.
No false dream this, American hope powerfully drew wave after wave of
immigrants who came, saw, and conquered.
Many factors contributed to this long, long runa very rich, virgin continent not
least among them. Politicians and patriots spoke often and rote-like of freedom and rights
and so on. But the great on-going promise of America was opportunity and hope: Come, work,
and chances are your life will be good, or at least better.
What few noticed over the years is that freedom without hope is hollow, meaningless.
How, you ask, can you have freedom without hope? Arent the two inseparably
linked? Its easy to see how you can have hope without freedom (the prisoner dreams
of being free). But freedom without hope? If youre free, doesnt that
necessarily mean that you can act, do things to make tomorrow better than today?
Maybe. Maybe not.
America is about to find out, because on an unprecedented scale we are being forced to
realize that the great game in America has become dishonest, crooked, fixed, rigged.
The bubble of the 1990s offered hope as never before. The collapse now comes with a new
kind of despair. America has known economic despair before. But think of this difference
now: One of the clichés of the Great Depression is that of Wall Streeters jumping out of
windows when the market crashed. Whether the sharing was illusory or not, the nation
believed that the despair touched all, rich and poor alike.
Think, now: how many of the exposed executives have shown public remorse? Answer: One.
Remember? In the early days of the Enron collapse one principle player parked his Mercedes
on the outskirts of Houston and shot himself.
Otherwise we have had at best stonewalling from the bad guys, and at worst unabashed
arrogance. (The Worldcom CEO testifying before Congress asserted, "I did my
duty.") And it is that pervasive attitude of publicly displayed naked hubris that
could do us in.
They came. They say. They stole. And mostly got away with it, depriving untold
numbers of trusting workers of their savings, their retirements
their hope.
The shameless greed of those who manipulated and profited with no interest in the
common good has been exposed. With that exposure the terrible, long-hidden truth behind
what is now seen to be a sham democracy is revealed.
Is it mere coincidence that the brazen theft of a presidential election, suborned by
the Supreme Court itself, happened almost simultaneous with the early stages of economic
collapse?
Or that the government in power as collapse occurs should be shamelessly beholden to
the perpetrators of the fraud of the 1990s? (Bush-Cheney / Enron-Harken-Halliburton.)
Of course not. The people in power now were both creators and products of the system
that perpetrated the fraud.
As never before in American history, its clear for all to see that the game was
rigged. Bigtime, indeed. Rigged on an unprecedented scale.
In a corrupt system, where lies hope?
The American dream, for the first time, is shattered, in ruins. Shards of
broken hopes vastly cover a landscape interrupted only by the plenteous certitude in the
gated, protected communities of the ones who got away.
This has never been a country of whiners but the silent pain of irrecoverable loss now
permeates the land: dreams of comfortable retirement lost, hopes for a better future
dashed.
If you were a possible immigrant on the other side of the American border today, would
you be dreaming of freedom and opportunity, or would you be thinking: Why go there, where
the corruption is as bad as here, where hope is a bad joke told repeatedly by stupid
politicians?
The World Trade Center is gone, removed brutally, viciously by frightened primitive
people. The Statue of Liberty is still there, but what happens if through our greedy
misbehaviors that powerful symbol becomes only a meaningless wraith, a reminder of the
hope that once was?
END
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