The end of the Cold War coincided with the beginning in the United States of globalized finance, launched under the Clinton administration. It operated with ever more dazzling and daring gambles in which the constraints and tension of the Cold War were replaced by the psychology of greed and excess.
The economic crisis that has now overtaken the United States can be interpreted as the logical result of a financial system that reached the point where there was no limit to what you could take out of it even when you were incapable of understanding the transactions taking place.
Less apparent to most people, but just as real, are the signs of an impending crash of an American military system in which, since the end of the Cold War, Pentagon dysfunction has metastasized so uncontrollably as to scandalize both the man who was defense secretary when the so-called war on terror began and the current secretary, Robert M. Gates, the man in charge as that war mutates into the “Long War.”
1 comment:
Yes and this to will be a big bill. The Pentagon has wasted billions on the propaganda department and so much more. Rummy was living large spending US tax dollars. I read that Rummy gave 10 million dollars to a airline CEO who is a friend. Yes the airlines got the money but the tickets were never used and became exspired. Now I guess they have money to burn at the taxpayers exspense.
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