Delusional Jet Setting Crashes and Burns

First, I urge you to sign the petition against violating its charter, and protecting SMU from being violated by the Bush Liebury.

The amount of damage done to this country by the cretin in chief is incalculable, and someday perhaps a proper testimonial will be established, in a somber setting something like the Holocaust Museum on the National Mall in Washington, D.C.

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The self-importance of the family that has given this country, through the instrumentation of a severely defective right wing party, a crash, has a smugness that has lent to their disasters something of the comedic quality of Charlie Chaplin's pratfalls. Self esteem is a good quality, until it is unleashed on the public in the form of crime.

Our economic health as a nation has been damaged, hopefully not irreparably, by this family and their associates who have weaseled themselves into high offices they didn't even pretend to fill. The appointees this occupied White House has foisted onto the public payroll is a rogue's gallery of enemies of the country.

Amazing how much difference it makes to be one of the 'in crowd', according to the book "Superclass" by David Rothkopf (reviewed by Laura Miller at Salon). Following the dustup going on at Wall Street, I can't help relating what he recounts about global rulers to the blind faith that all the financial powers had in those erroneous ratings of investment packages that just happened to contain enough subprime material to be lethal.

Listening to the financial superstars talking at the economic lectures, and this a.m. on CSpan, the country's economic health has been under the care of the financial equivalent of evangelicals. When former Director of the Fed's Division of Monetary Affairs Vincent Reinhart says that there was a need to increase economic activity, so they just loosened the reins to let it happen, that's a pretty good explanation for bank robbery. Let that money out where it can do some good, there's some sound monetary policy for you.

An overview of these fellas who think they can just ignore the laws and do what seems like a good idea at the time gives me the impression there are many, many appointees of the worst administration in history who need to be let out where they can see daylight, very soon. While they have the delusion that controls are something they are above, we are in big trouble as a nation.

Above all, like anybody else -- in fact, more than anybody else, given the obsessive, often narcissistic energy required of moguls, politicians and would-be messiahs -- these people are self-interested. However gifted, they should not be allowed to operate in a vacuum. The difficulty is that most of them exercise their power transnationally, while laws and regulations are confined within the borders of nation-states (which Rothkopf, in classic Davos-man style, regards as doomed). "We must resist the temptation to reflexively attack elites," he writes, since human societies need leaders and this is an able bunch, but elites ought to be more accountable to the millions of people whose lives they affect. Otherwise, as history (and the current upsurge in religious extremism) shows, they may provoke a violent and chaotic backlash.

Nevertheless, the likelihood of a world government forming to handle the situation is remote -- not while nation-states have any life left in them to defend their sovereignty. International institutions -- the U.N., especially, but also the IMF and the World Bank -- are weak, or weakening, and are hemorrhaging credibility. The answer, according to Rothkopf, is not global government, but "governance," fewer formal agreements and mechanisms among international entities. The registration and management of Internet domain names (via a collection of organizations) is one example of this sort of governance, orderly and helpful in a way you wouldn't automatically associate with Rothkopf's ominous-sounding definition of the term: "Fulfilling government roles with mechanisms" that "lack the full traditional power, authority or mandates of governments."
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Rothkopf's idea is that the superclass ought to be smart enough to foresee any such crisis and head it off by doing more to make the currently disenfranchised feel like "stakeholders" in the new global order. The superclass should recognize that "order and legitimacy are the allies of both business and those who seek social stability."
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Deciding on how best to gentle the masses, how to settle on standards of global economic conduct and how to enforce those standards won't be easy, though. Fortunately for the superclass and anyone seeking to work with them, there are consulting companies like Garten Rothkopf ("an international advisory firm specializing in emerging markets investing and risk management related services") to turn to!

In the concluding pages of "Superclass" it becomes increasingly difficult to dispel the impression that you have just read what amounts to a 380-page business card.

You can learn all about the amazing insularity of overwhelming self-importance at your own expense, if you want to buy the book. I think we've all just been experiencing its worst dangers, watching our financial sector fall apart.

Sorry if I'm harping on regulations, and why we have them, more than you feel we need to hear about. I think, though, it's time to enlighten the public about basics the leftie blogworld, alone, realized - how badly the country, and media, have been misled.

Your self-styled elite are out there ignoring the laws meant to keep the country safe. Surprise! the country is not safe in their hands.

The Bush Liebury is one atrocity that should be stopped. Like a museum to any other
chimera, it should be part of the dark history of this nation's foul-ups.

The lessons of malfeasance that this executive branch has compiled should be a course in History 101; How Delusional Views Ended The Good Times. The course will be required for public sevice in the future.