,P>T #b1 ,*APT] #g 
,! ,LEGACY ( ! ,OBAMA ,ADM9I/RATION 

,PEOPLE 3 

,AU?OR 3 ,NOAM ,*OMSKY 

,TEXT 3 

,! ,LEGACY ( ! ,OBAMA ,ADM9I/RATION 

  

,C4 ,J4 ,P,O,L,Y,*,R,O,N,I,\3 ,B>ACK ,OBAMA WAS ELECT$ 9 #bh AS PRESID5T ( ! ,UNIT$ ,/ATES 9 A WAVE ( OPTIMISM1 BUT AT A TIME :5 ! C\NTRY WAS 9 ! FULL GRIP ( ! F9ANCIAL CRISIS BR\<T AB\T1 ACCORD+ TO ,OBAMA HIMSELF1 BY 0! RECKLESS BEHAVIOR ( A LOT ( F9ANCIAL 9/ITUTIONS >\ND ! WORLD0 & 0! FOLKS ON ,WALL ,/REET40 ,OBAMA'S RISE TO P[] HAS BE5 WELL DOCUM5T$1 9CLUD+ ! FUND+ ( HIS ,ILL9OIS POLITICAL C>E] BY ! WELL-KN[N ,*ICAGO REAL E/ATE DEVELOP] & P[] P$DL] ,TONY ,REZKO1 BUT ! LEGACY ( HIS PRESID5CY HAS YET TO BE WRITT54 ,FIR/1 9 Y\R VIEW1 DID ,OBAMA RESCUE ! ,U,S ECONOMY FROM A MELTD[N1 &1 SECOND1 DID HE 9ITIATE POLICIES TO 5SURE ?AT 0RECKLESS F9ANCIAL BEHAVIOR0 W\LD BE KEPT AT BAY8 

,N,O,A,M ,*,O,M,S,K,Y3 ,ON ! FIR/ QUE/ION1 ! MATT] IS DEBAT$4 ,SOME ECONOMI/S >GUE ?AT ! BANK RESCUES W]E NOT NECESS>Y TO AVOID A S]I\S DEPRESSION1 & ?AT ! SY/EM W\LD HAVE RECOV]$1 PROBABLY ) SOME ( ! BIG BANKS BROK5 UP4 ,DEAN ,BAK] = ONE4 ,I DON'T TRU/ MY [N JUDGM5T 5\< TO TAKE A /RONG POSITION4 

,ON ! SECOND QUE/ION1 ,DODD-,FRANK TAKES SOME /EPS =W>D--MAK+ ! SY/EM MORE TRANSP>5T1 GREAT] RES]VE REQUIREM5TS1 & SO ON--BUT CONGRESSIONAL 9T]V5TION HAS CUT BACK SOME ( ! REGULATION1 = EXAMPLE1 ( D]IVATIVE TRANSACTIONS1 LEAD+ TO /RONG PROTE/S ( ,DODD-,FRANK4 ,SOME COMM5TATORS1 ,MATT ,TAIBBI = ONE1 HAVE >GU$ ?AT ! ,WALL ,/REET-,CONGRESS CONNIV+ UND]M9$ MU* ( ! =CE ( ! RE=M FROM ! />T4 

,:AT DO Y\ ?9K W]E ! REAL FACTORS BEH9D ! #bh F9ANCIAL CRISIS8 

,! IMM$IATE CAUSE ( ! CRISIS WAS ! H\S+ BUBBLE1 BAS$ SUB/ANTIALLY ON V]Y RISKY SUBPRIME MORTGAGE LOANS ALONG ) EXOTIC F9ANCIAL 9/RUM5TS DEVIS$ TO DI/RIBUTE RISK1 REA*+ SU* COMPLEXITY ?AT FEW UND]/& :O [ES :AT TO :OM4 ,! MORE FUNDAM5TAL REASONS HAVE TO DO ) BASIC M>KET 9EFFICI5CIES4 ,IF Y\ & ,I AGREE ON SOME TRANSACTION 7SAY1 Y\ SELL ME A C>71 WE MAY MAKE A GOOD B>GA9 = \RSELVES1 BUT WE DO NOT TAKE 9TO ACC\NT ! EFFECT ON O!RS 7POLLUTION1 TRAFFIC CONGE/ION1 9CREASE 9 PRICE ( GAS1 & MORE74 ,!SE EXT]NALITIES1 SO CALL$1 CAN BE V]Y L>GE4 ,9 ! CASE ( F9ANCIAL 9/ITUTIONS1 ! EFFECT IS TO UND]PRICE RISK BY IGNOR+ 0SY/EMIC RISK40 ,?US IF ,GOLDMAN ,SA*S L5DS MONEY1 IT WILL1 IF WELL MANAG$1 TAKE 9TO ACC\NT ! POT5TIAL RISK TO ITSELF IF ! BORR[] CANNOT PAY1 BUT NOT ! RISK TO ! F9ANCIAL SY/EM AS A :OLE4 ,! RESULT IS ?AT RISK IS UND]PRIC$4 ,!RE IS TOO MU* RISK = A S\ND ECONOMY4 ,?AT CAN1 9 PR9CIPLE1 BE CONTROLL$ BY S\ND REGULATION1 BUT F9ANCIALIZATION ( ! ECONOMY HAS BE5 ACCOMPANI$ BY D]EGULATION MANIA1 BAS$ ON !OLOGICAL NOTIONS ( 0EFFICI5T M>KETS0 & 0RATIONAL *OICE40 ,9T]E/+LY 5\<1 SEV]AL ( ! PEOPLE :O HAD PRIM>Y RESPONSIBILITY = !SE DE/RUCTIVE POLICIES W]E *OS5 AS ,OBAMA'S LEAD+ ECONOMIC POLICY ADVIS]S 7,ROB]T ,RUB91 ,L>RY ,SUMM]S1 ,TIM ,GEI?N]1 & O!RS7 DUR+ HIS FIR/ T]M 9 ! ,:ITE ,H\SE4 ,ALAN ,GRE5SPAN1 ! GREAT H]O ( A FEW YE>S AGO1 EV5TUALLY CONC$$ QUIETLY ?AT HE DID NOT UND]/& H[ M>KETS WORK--:I* IS QUITE REM>KABLE4 

,!RE >E ALSO O!R DEVICES ?AT LEAD TO UND]PRIC+ RISK4 ,GOV]NM5T RULES ON CORPORATE GOV]NANCE PROVIDE P]V]SE 9C5TIVES3 ,C,E,OS >E HI<LY REW>D$ = TAK+ %ORT-T]M RISKS1 & CAN LEAVE ! RU9S TO SOMEONE ELSE1 FLOAT+ AWAY ON !IR 0GOLD5 P>A*UTES10 :5 COLLAPSE COMES4 ,& !RE IS MU* MORE4 

,DIDN'T ! #bh F9ANCIAL CRISIS REVEAL ONCE AGA9 ?AT CAPITALISM IS A P>ASITIC SY/EM8 

,IT IS WOR? BE>+ 9 M9D ?AT 0REALLY EXI/+ CAPITALISM0 IS REMOTE FROM CAPITALISM--AT LEA/ 9 ! RI* & P[]FUL C\NTRIES4 ,?US 9 ! ,UNIT$ ,/ATES1 ! ADVANC$ ECONOMY RELIES CRUCIALLY ON ! DYNAMIC /ATE SECTOR TO SOCIALIZE CO/ & RISK :ILE PRIVATIZ+ EV5TUAL PR(IT--& 0EV5TUAL0 CAN BE A LONG TIME3 9 ! CASE ( ! CORE ( ! MOD]N HI<-TE* ECONOMY1 COMPUT]S & ! ,9T]NET1 IT WAS DECADES4 ,!RE IS MU* MORE MY?OLOGY ?AT HAS TO BE DISMANTL$ IF ! QUE/IONS >E TO BE S]I\SLY POS$4 

,EXI/+ /ATE-CAPITALI/ ECONOMIES >E 9DE$ 0P>ASITIC0 ON ! PUBLIC1 9 ! MANN] 9DICAT$1 & O!RS3 BAIL\TS 7:I* >E V]Y COMMON1 9 ! 9DU/RIAL SY/EM AS WELL71 HI<LY PROTECTIONI/ 0TRADE0 MEASURES ?AT GU>ANTEE MONOPOLY PRIC+ RI<TS TO /ATE-SUBSIDIZ$ CORPORATIONS1 & MANY O!R DEVICES4 

,DUR+ HIS FIR/ T]M AS PRESID5T1 Y\ ADMITT$ ?AT ,OBAMA FAC$ AN EXCEPTIONALLY HO/ILE CR[D ON ,CAPITOL ,HILL1 :I* ( C\RSE REMA9$ HO/ILE ?R\<\T HIS TWO T]MS4 ,BE ?AT AS IT MAY1 WAS ,OBAMA EV] A REAL RE=M] OR WAS HE MORE ( A PUBLIC MANIPULATOR :O US$ POPUL> POLITICAL RHETORIC TO SIDEL9E ! PROGRESSIVE MOOD ( ! C\NTRY 9 AN ]A ( GREAT 9EQUALITY & MASS DISCONT5T OV] ! FUTURE ( ! ,UNIT$ ,/ATES8 

,OBAMA HAD CONGRESSIONAL SUPPORT = HIS FIR/ TWO YE>S 9 (FICE1 ! TIME :5 MO/ PRESID5TIAL 9ITIATIVES >E 9TRODUC$4 ,I NEV] SAW ANY 9DICATION ?AT HE 9T5D$ SUB/ANTIVE PROGRESSIVE /EPS4 ,I WROTE AB\T HIM BE=E ! #bh PRIM>IES1 RELY+ ON ! ,WEB PAGE 9 :I* HE PRES5T$ HIMSELF AS A C&IDATE4 ,I WAS S+UL>LY UNIMPRESS$1 TO PUT IT V]Y MILDLY4 ,ACTUALLY1 ,I WAS %OCK$1 = ! REASONS ,I DISCUSS$4 

,CONSID] :AT ,OBAMA & HIS SUPPORT]S REG>D AS HIS SIGNATURE A*IEVEM5T1 ! ,AF=DABLE ,C>E ,ACT4 ,AT FIR/1 A PUBLIC OPTION 7EFFECTIVELY1 NATIONAL HEAL? C>E7 WAS DANGL$4 ,IT HAD ALMO/ TWO-?IRDS POPUL> SUPPORT4 ,IT WAS DROPP$ )\T APP>5T CONSID]ATION4 ,! \TL&I% LEGISLATION B>R+ ! GOV]NM5T FROM NEGOTIAT+ DRUG PRICES WAS OPPOS$ BY SOME #he P]C5T ( ! POPULATION1 BUT WAS KEPT ) LITTLE DISCUSSION4 ,! ACT IS AN IMPROVEM5T ON ! EXI/+ 9T]NATIONAL SC&AL1 BUT NOT BY MU*1 & ) FUNDAM5TAL FLAWS4 

,CONSID] NUCLE> WEAPONS4 ,OBAMA HAD SOME NICE ?+S TO SAY--NICE 5\< TO W9 ! ,NOBEL ,PEACE ,PRIZE4 ,!RE HAS BE5 SOME PROGRESS1 BUT IT HAS BE5 SLI<T1 & CURR5T MOVES >E 9 ! WRONG DIRECTION4 

,9 G5]AL3 MU* SMOO? RHETORIC1 SOME POSITIVE /EPS1 SOME REGRESSION1 OV]ALL NOT A V]Y IMPRESSIVE RECORD4 ,?AT SEEMS TO ME A FAIR ASSESSM5T1 EV5 PUTT+ ASIDE ! QUITE EXTRAORD9>Y /ANCE ( ! ,REPUBLICAN ,P>TY1 :I* MADE IT CLE> RI<T AFT] ,OBAMA'S ELECTION ?AT !Y W]E1 SUB/ANTIALLY1 A ONE-ISSUE P>TY3 PREV5T ! PRESID5T FROM DO+ ANY?+1 NO MATT] :AT HAPP5S TO ! C\NTRY & ! WORLD4 ,IT IS DIFFICULT TO F9D ANALOGS AMONG 9DU/RIAL DEMOCRACIES4 ,SMALL WOND] ?AT ! MO/ RESPECT$ CONS]VATIVE POLITICAL ANALY/S 7SU* AS ,?OMAS ,MANN OR ,NORMAN ,ORN/E9 ( ! CONS]VATIVE ,AM]ICAN ,5T]PRISE ,9/ITUTE7 REF] TO ! P>TY AS A 0RADICAL 9SURG5CY0 ?AT HAS AB&ON$ NORMAL P>LIAM5T>Y POLITICS4 

,9 ! =EIGN POLICY REALM1 ,OBAMA CLAIM$ TO /RIVE = A NEW ]A 9 ! ,UNIT$ ,/ATES1 AWAY FROM ! MILIT>ISM ( HIS PR$ECESSOR & T[>D RESPECT = 9T]NATIONAL LAW & ACTIVE DIPLOMACY4 ,H[ W\LD Y\ JUDGE ,U,S =EIGN & MILIT>Y /RATEGY UND] ! ,OBAMA ADM9I/RATION8 

,HE HAS BE5 MORE RELUCTANT TO 5GAGE TROOPS ON ! GR\ND ?AN SOME ( HIS PR$ECESSORS & ADVIS]S1 & 9/EAD HAS RAPIDLY ESCALAT$ SPECIAL OP]ATIONS & HIS GLOBAL ASSASS9ATION 7DRONE7 CAMPAIGN1 A MORAL DISA/] & >GUABLY ILLEGAL AS WELL4.<#a#a.> ,ON O!R FRONTS1 IT IS A MIX$ /ORY4 ,OBAMA HAS CONT9U$ TO B> A NUCLE> WEAPONS-FREE 7TE*NICALLY1 ,W,M,D-FREE7 ZONE 9 ! ,MIDDLE ,EA/1 EVID5TLY MOTIVAT$ BY ! NE$ TO PROTECT ,ISRAELI NUCLE> WEAPONS FROM SCRUT9Y4 ,BY SO DO+1 HE IS 5DANG]+ ! ,NONPROLIF]ATION ,TREATY1 ! MO/ IMPORTANT DIS>MAM5T TREATY1 :I* IS CONT+5T ON E/ABLI%+ SU* A ZONE4 ,HE IS DANG]\SLY ESCALAT+ T5SIONS ALONG ! ,RUSSIAN BORD]1 EXT5D+ E>LI] POLICIES4 ,HIS TRILLION-DOLL> PROGRAM = MOD]NIZ+ ! NUCLE> WEAPONS SY/EM IS ! OPPOSITE ( :AT %\LD BE DONE4 ,! 9VE/OR-RI<TS AGREEM5TS 7CALL$ 0FREE TRADE AGREEM5TS07 >E LIKELY TO BE G5]ALLY H>MFUL TO POPULATIONS & B5EFICIAL TO ! CORPORATE SECTOR4 ,S5SIBLY1 HE B[$ TO /RONG HEMISPH]IC PRESSURES & TOOK /EPS T[>D NORMALIZATION ( RELATIONS ) ,CUBA4 ,!SE & O!R MOVES AM\NT TO A MIX$ /ORY1 RANG+ FROM CRIM9AL TO MOD]ATE IMPROVEM5T4 

,LOOK+ AT ! /ATE ( ! ,U,S ECONOMY1 ONE CAN EASILY >GUE ?AT ! EFFECTS ( ! F9ANCIAL CRISIS ( #b#g-#b#h >E NOT ONLY /ILL >\ND BUT ?AT WE HAVE 9 PLACE A SET ( POLICIES ?AT CONT9UE TO SUPPRESS ! /&>D ( LIV+ = ! WORK+ POPULATION & PRODUCE IMM5SE ECONOMIC 9SECURITY4 ,IS ?IS BECAUSE ( NEOLIB]ALISM & ! PECULI>ITIES ( ! NATURE ( ! ,U,S ECONOMY1 OR >E !RE GLOBAL & SY/EMIC =CES AT PLAY SU* AS ! FREE MOVEM5T ( CAPITAL1 AUTOMATION1 & ! 5D ( 9DU/RIALIZATION8 

,! NEOLIB]AL ASSAULT ON ! POPULATION REMA9S 9TACT1 ?\< LESS SO 9 ! ,UNIT$ ,/ATES ?AN 9 ,EUROPE4 ,AUTOMATION IS NOT A MAJOR FACTOR1 & 9DU/RIALIZATION ISN'T 5D+1 JU/ BE+ (F%OR$4 ,F9ANCIALIZATION HAS ( C\RSE EXPLOD$ DUR+ ! NEOLIB]AL P]IOD1 & ! G5]AL POLICIES1 PRETTY MU* GLOBAL 9 *>ACT]1 >E DESIGN$ TO 5HANCE PRIVATE & CORPORATE P[]4 ,?AT SETS (F A VICI\S CYCLE 9 :I* CONC5TRATION ( WEAL? LEADS TO CONC5TRATION ( POLITICAL P[]1 :I* 9 TURN YIELDS LEGISLATION & ADM9I/RATIVE PRACTICES ?AT C>RY ! PROCESS =W>D4 ,!RE >E C\NT]VAIL+ =CES1 & !Y MI<T BECOME MORE P[]FUL4 ,! POT5TIAL IS !RE1 AS WE CAN SEE FROM ! ,S&]S CAMPAIGN & EV5 ! ,TRUMP CAMPAIGN1 IF ! :ITE WORK+ CLASS TO :I* ,TRUMP APPEALS CAN BECOME ORGANIZ$ TO FOCUS ON !IR REAL 9T]E/S 9/EAD ( BE+ 9 ?RALL TO !IR CLASS 5EMY4 

,TO ! EXT5T ?AT ,TRUMP'S PROGRAMS >E COH]5T1 !Y FALL 9TO ! SAME G5]AL CATEGORY ( ?OSE ( ,PAUL ,RYAN1 :O HAS GRANT$ US ! K9DNESS ( SPELL+ !M \T3 9CREASE SP5D+ ON ! MILIT>Y 7ALREADY MORE ?AN HALF ( DISCRETION>Y SP5D+ & ALMO/ AS MU* AS ! RE/ ( ! WORLD COMB9$71 & CUT BACK TAXES1 MA9LY ON ! RI*1 ) NO NEW REV5UE S\RCES4 ,9 BRIEF1 NO?+ MU* IS LEFT = ANY GOV]NM5T PROGRAM ?AT MI<T BE ( B5EFIT TO ! G5]AL POPULATION & ! WORLD4 ,TRUMP PRODUCES SO MANY >BITR>Y & (T5 SELF-CONTRADICTORY PRON\NCEM5TS ?AT IT ISN'T EASY TO ATTRIBUTE TO HIM A PROGRAM1 BUT HE REGUL>LY KEEPS )9 ?IS RANGE--:I*1 9CID5TALLY1 MEANS ?AT HIS CLAIMS AB\T SUPPORT+ ,SOCIAL ,SECURITY & ,M$IC>E >E WOR?LESS4 

,S9CE ! :ITE WORK+ CLASS CANNOT BE MOBILIZ$ TO SUPPORT ! CLASS 5EMY ON ! BASIS ( !IR ACTUAL PROGRAMS1 ! 0RADICAL 9SURG5CY0 CALL$ 0! ,REPUBLICAN ,P>TY0 APPEALS TO ITS CON/ITU5CY ON :AT >E CALL$ 0SOCIAL-CULTURAL ISSUES03 RELIGION1 FE>1 RACISM1 NATIONALISM4 ,! APPEALS >E FACILITAT$ BY ! AB&ONM5T ( ! :ITE WORK+ CLASS BY ! ,DEMOCRATIC ,P>TY1 :I* (F]S !M V]Y LITTLE BUT 0MORE ( ! SAME40 ,IT IS !N FACILE = ! LIB]AL PR(ESSIONAL CLASSES TO ACCUSE ! :ITE WORK+ CLASS ( RACISM & O!R SU* S9S1 ?\< A CLOS] LOOK (T5 REVEALS ?AT ! MANIFE/ATIONS ( ?IS DEEP-ROOT$ SICKNESS ( ! SOCIETY >E SIMPLY TAK+ DIFF]5T =MS AMONG V>I\S SECTORS4 

,OBAMA'S *>ISMA & UND\BT$LY UNIQUE RHETORICAL SKILLS W]E CRITICAL ELEM5TS 9 HIS /RUGGLE TO RISE TO P[]1 :ILE ,DONALD ,TRUMP IS AN EXTROV]T :O SEEKS TO PROJECT ! IMAGE ( A P[]FUL P]SONALITY :O KN[S H[ TO GET ?+S DONE EV5 IF HE RELIES ON ! USE ( BANALITIES TO CREATE ! IMAGE HE WANTS TO CREATE AB\T HIMSELF AS A FUTURE LEAD] ( A C\NTRY4 ,DO P]SONALITIES REALLY MATT] 9 POLITICS1 ESPECIALLY 9 \R [N ]A8 

,I AM V]Y MU* D[N ON *>ISMATIC LEAD]S1 & AS = /RONG ONES1 IT DEP5DS ON :AT !Y >E WORK+ =4 ,! BE/1 9 \R [N K9D ( SOCIETIES1 ,I ?9K1 >E ! ,F,D,R TYPES1 :O REACT TO1 >E SYMPA!TIC TO1 & 5C\RAGE POPUL> MOVEM5TS = SIGNIFICANT RE=M4 ,SOMETIMES1 AT LEA/4 

,& POLITICIANS TO BE ELECT$ TO A NATIONAL (FICE HAVE TO BE PRETTY GOOD ACTORS1 RI<T8 

,ELECTORAL CAMPAIGNS1 ESPECIALLY 9 ! ,UNIT$ ,/ATES1 >E BE+ RUN BY ! ADV]TIS+ 9DU/RY4 ,! #bh POLITICAL CAMPAIGN ( ,B>ACK ,OBAMA WAS VOT$ BY ! ADV]TIS+ 9DU/RY AS ! BE/ M>KET+ CAMPAIGN ( ! YE>4 

,OBAMA'S LA/ ,/ATE ( ! ,UNION ADDRESS HAD ALL ! RHETORIC ( SOMEONE RUNN+ = PRESID5T1 NOT SOMEONE :O HAS BE5 9 (FICE = MORE ?AN SEV5 YE>S4 ,:AT DO Y\ MAKE ( ?IS--,OBAMA'S VISION ( H[ ! C\NTRY %\LD BE & FUNCTION EI<T TO T5 YE>S FROM N[8 

,HE SPOKE AS IF HE HAD NOT BE5 ELECT$ EI<T YE>S AGO4 ,OBAMA HAD PL5TY ( OPPORTUNITIES TO *ANGE ! C\RSE ( ! C\NTRY4 ,EV5 HIS 0SIGNATURE0 A*IEVEM5T1 ! RE=M ( ! HEAL? C>E SY/EM1 IS A WAT]$-D[N V]SION1 AS ,I PO9T$ \T E>LI]4 ,DESPITE ! HUGE PROPAG&A ASSAULT D5\NC+ GOV]NM5T 9VOLVEM5T 9 HEAL? C>E1 & ! EXTREMELY LIMIT$ >TICULATE RESPONSE1 A MAJORITY ( ! POPULATION 7& A HUGE MAJORITY ( ,DEMOCRATS7 /ILL FAVOR NATIONAL HEAL? C>E1 ,OBAMA DIDN'T EV5 TRY1 EV5 :5 HE HAD CONGRESSIONAL SUPPORT4 

,Y\ HAVE >GU$ ?AT NUCLE> WEAPONS & CLIMATE *ANGE REPRES5T ! TWO BIGGE/ ?REATS FAC+ HUMANK9D4 ,9 Y\R VIEW1 IS CLIMATE *ANGE A DIRECT EFFECT ( CAPITALISM1 ! VIEW TAK5 BY SOMEONE LIKE ,NAOMI ,KLE91 OR RELAT$ TO HUMANITY & PROGRESS 9 G5]AL1 A VIEW EMBRAC$ BY ! ,BRITI% PHILOSOPH] ,JOHN ,GRAY8 

,GEOLOGI/S DIVIDE PLANET>Y HI/ORY 9TO ]AS4 ,! ,PLEI/OC5E LA/$ MILLIONS ( YE>S1 FOLL[$ BY ! ,HOLOC5E1 :I* BEGAN AT AB\T ! TIME ( ! AGRICULTURAL REVOLUTION T5 ?\S& YE>S AGO1 & REC5TLY ! ,AN?ROPOC5E1 CORRESPOND+ TO ! ]A ( 9DU/RIALIZATION4 ,:AT WE CALL 0CAPITALISM0--9 PRACTICE1 V>I\S V>IETIES ( /ATE-CAPITALISM--T5DS 9 P>T TO KEEP TO M>KET PR9CIPLES ?AT IGNORE NONM>KET FACTORS 9 TRANSACTIONS3 SO-CALL$ EXT]NALITIES1 ! CO/ TO ,TOM IF ,BILL & ,H>RY MAKE A TRANSACTION4 ,?AT IS ALWAYS A S]I\S PROBLEM1 LIKE SY/EMIC RISK 9 ! F9ANCIAL SY/EM1 9 :I* CASE ! TAXPAY] IS CALL$ UPON TO PAT* UP ! 0M>KET FAILURES40 ,ANO!R EXT]NALITY IS DE/RUCTION ( ! 5VIRONM5T--BUT 9 ?IS CASE ! TAXPAY] CANNOT /EP 9 TO RE/ORE ! SY/EM4 ,IT'S NOT A MATT] ( 0HUMANITY & PROGRESS10 BUT RA!R ( A P>TICUL> =M ( SOCIAL & ECONOMIC DEVELOPM5T1 :I* NE$ NOT BE SPECIFICALLY CAPITALI/2 ! AU?ORIT>IAN ,RUSSIAN /ATI/ 7NOT SOCIALI/7 SY/EM WAS EV5 WORSE4 ,!RE >E IMPORTANT /EPS ?AT CAN BE TAK5 )9 EXI/+ SY/EMS 7C>BON TAX1 ALT]NATIVE 5]GY1 CONS]VATION1 & SO ON71 & !Y %\LD BE PURSU$ AS MU* AS POSSIBLE1 ALONG ) EF=TS TO RECON/RUCT SOCIETY & CULTURE TO S]VE HUMAN NE$S RA!R ?AN P[] & PR(IT4 

,:AT DO Y\ ?9K ( C]TA9 GEO5G9E]+ UND]TAK+S TO CLEAN UP ! 5VIRONM5T1 SU* AS ! USE ( C>BON NEGATIVE TE*NOLOGIES TO SUCK C>BON FROM ! AIR8 

,!SE UND]TAK+S HAVE TO BE EVALUAT$ ) GREAT C>E1 PAY+ ATT5TION TO ISSUES RANG+ FROM N>R[LY TE*NICAL ONES TO L>GE-SCALE SOCIETAL & 5VIRONM5TAL IMPACTS ?AT C\LD BE QUITE COMPLEX & POORLY UND]/OOD4 ,SUCK+ C>BON FROM ! AIR IS DONE ALL ! TIME--PLANT+ =E/S--& CAN PRESUMABLY BE C>RI$ CONSID]ABLY FUR!R TO GOOD EFFECT1 BUT ,I DON'T HAVE ! SPECIAL KN[L$GE REQUIR$ TO PROVIDE DEF9ITE ANSW]S4 ,O!R MORE EXOTIC PROPOSALS HAVE TO BE CONSID]$ ON !IR [N M]ITS--& ) DUE CAUTION4 

,SOME MAJOR OIL-PRODUC+ C\NTRIES1 SU* AS ,SAUDI ,>ABIA1 >E 9 ! PROCESS ( DIV]SIFY+ !IR ECONOMIES1 APP>5TLY FULLY AW>E ( ! FACT ?AT ! FOSSIL FUEL ]A WILL SOON BE OV]4 ,9 ! LI<T ( ?IS DEVELOPM5T1 W\LDN'T ,U,S =EIGN POLICY T[>D ! ,MIDDLE ,EA/ TAKE A RADICALLY NEW TURN ONCE OIL HAS CEAS$ BE+ ! PRECI\S COMMODITY ?AT IT HAS BE5 UP TO N[8 

,SAUDI ,>ABIAN LEAD]S >E TALK+ AB\T ?IS MU* TOO LATE4 ,!SE PLANS %\LD HAVE BE5 UND]TAK5 S]I\SLY DECADES AGO4 ,SAUDI ,>ABIA & ! ,GULF /ATES MAY BECOME UN9HABITABLE 9 ! NOT V]Y DI/ANT FUTURE IF CURR5T T5D5CIES P]SI/4 ,9 ! BITT]E/ ( IRONIES1 !Y HAVE BE5 SURVIV+ ON ! POISON !Y PRODUCE ?AT WILL DE/ROY !M--A COMM5T ?AT HOLDS = ALL ( US1 EV5 IF LESS DIRECTLY4 ,H[ S]I\S ! PLANS >E IS NOT V]Y CLE>4 ,!RE >E MANY SKEPTICS4 ,ONE ,TWITT] COMM5T IS ?AT !Y SPLIT ! ELECTRICITY M9I/RY & ! WAT] M9I/RIES = FE> ( ELECTROCUTION4 ,?AT CAPTURES MU* ( ! G5]AL S5TIM5T4 ,IT W\LD BE GOOD TO BE SURPRIS$4 

,ORIG9ALLY PUBLI%$ 9 ,TRU?\T1 ,JUNE #b1 #baf 

,FROM 3 ,!,AN>*I/,LIBR>Y4ORG4 

,*RONOLOGY 3 
,JANU>Y #c1 #bba 3 ,P>T #b1 ,*APT] #g -- ,ADD$4 
,JANU>Y #a#f1 #bbb 3 ,P>T #b1 ,*APT] #g -- ,UPDAT$4 

 FILE G5]AT$ FROM 3  
HTTP3_/_/REVOLTLIB4COM_/