Excellent article, 6. I think he is quite right it what he says.

Here is a striking quote from that article:

Fukuyama: Obama had a big opportunity right at the middle of the crisis. That was around the time Newsweek carried the title: "We Are All Socialists Now." Obama's team could have nationalized the banks and then sold them off piecemeal. But their whole view of what is possible and desirable is still very much shaped by the needs of these big banks.

SPIEGEL: In other words, Obama and his influential advisors, like Treasury Secretary Timothy Geithner, are themselves part of the "1 percent" that the Occupy Wall Street movement rails against.

Fukuyama: They are obviously part of the 1 percent. They socialize with these Wall Street gurus. Goldman Sachs boss Lloyd Blankfein met with Geithner many times during the crisis. Such close contact clearly influences the world view of the White House.


And that is what I have been saying, that the Obama administration is serving the financial elites to the great detriment of the general public. And...the Republicans will do that too if they are elected, unless Ron Paul was elected...and he won't be. (If he was, some assassin in the employ of the financial elites would probably kill him.)

The American Left have, for the most part, utterly lost any real grasp of the situation, because they still imagine, naively, that Obama and the Democratic Party represent them and their liberal values. That is not the case. Neither major party in the USA represents liberal values. Both major parties are compliant tools of the banking and corporate elites who are enriching themselves while bankrupting the general public and the society and destroying the middle class. You can have 2 eventual reactions to this sort of thing if it goes far enough:

1. A socialist or communist populist revolution of the "have-nots" against the "haves".

2. A fascist takeover by the well-armed elites with the unwitting support of many frightened members of the poorer classes who rush to trade their civil rights for "security".

I regard the latter eventuality as far more likely to occur in the USA than the former.

*****

Richard - Fukuyama himself obviously spoke the word "ennunciation" to Der Spiegel. Some individual who transcribed his speech onto a keyboard so that it could appear on an Internet page mispelled the word as "annunciation". I hardly see how that typo impinges in any way on the real substance of the discussion. Typos are very common in these days of keyboard tapping. We all make them ourselves from time to time.