From Tom Engelhardt:
[Note for TomDispatch Readers: A heartfelt thanks to all of you who, in these dog days of summer, contributed $100 or more for a personalized, signed copy of Christian Parenti’s cutting-edge new book, Tropic of Chaos: Climate Change and the New Geography of Violence. For those who meant to do so but didn’t, the offer stands only till Wednesday ends. So hustle to the TD donation page by clicking here! For those of you following the Norwegian nightmare, check out Max Blumenthal’s old TD piece, “The Great Islamophobic Crusade,” on the American movement from which Anders Behring Breivik drew such inspiration or check out his more recent post at MaxBlumenthal.com. Tom]
When it comes to the Murdoch scandal, where everyone’s having such a rollicking good time, it hasn’t been particularly hard for reporters, pundits, and commentators to connect a few dots, even across an ocean. Yes, you can find actual experts claiming in print and online that what’s happening to Murdoch & Co. in England might affect the American part of his imperial media conglomerate, and that it’s even possible the whole structure of his world could be on a collision course with itself and hell.
When it comes to something larger and far less enjoyable though, like the global economy, you would be hard-pressed to find a similar connecting of the dots. China’s economy soars on one side of the planet (though with a multitude of half-hidden problems), while that country continues to outpace all others when it comes to holding U.S. debt. On the other side of the same planet, from Greece and Ireland to Spain and Italy, Europe shudders and fears run wild. Meanwhile, back in the U.S., the president and Congress have headed the economy merrily for the nearest cliff, while money is lacking even to keep court systems running in some parts of the country.
On all of this there is much reporting, much opining, many fears expressed, numerous teeth gnashed. Yet even when such pieces sit near each other on the same page or follow each other on the TV news, they are, with rare exceptions, treated as if they were remarkably separate problems, remarkably separate crises. And those long-distant days of the 1990s, when it was said everywhere that “globalization” was weaving our world into a single, vast economic mechanism, are now mere memory pieces.
And yet, what goes up…
Don’t even say it! Call it blindness, denial, what you will, but economically speaking, dots everywhere are almost religiously not connected, and so the thought that the global system itself might fail (as systems sometimes do) never quite manages to arise. Thank heavens, then, for Mike Davis, TomDispatch regular and author of Planet of Slums (and other books too numerous to mention), a man who has never seen a set of dots he didn’t care to connect. So take a break from denial for the following… (To catch Timothy MacBain’s latest TomCast audio interview in which Davis discusses a possible Chinese real estate crash and other perils of the global economic system, click here, or download it to your iPod here.) Tom
What Happens When Three Sputtering Economies Collide?
By Mike Davis
When my old gang and I were 14 or 15 years old, many centuries ago, we yearned for immortality in the fiery wreck of a bitchin’ ’40 Ford or ’57 Chevy. Our J.K. Rowling was Henry Felsen, the ex-Marine who wrote the bestselling masterpieces Hot Rod (1950), Street Rod (1953), and Crash Club (1958).
Officially, his books — highly praised by the National Safety Council — were deterrents, meant to scare my generation straight with huge dollops of teenage gore. In fact, he was our asphalt Homer, exalting doomed teenage heroes and inviting us to emulate their legend.
One of his books ends with an apocalyptic collision at a crossroads that more or less wipes out the entire graduating class of a small Iowa town. We loved this passage so much that we used to read it aloud to each other.
2 Comments to “We’re heading toward the mother of all crashes (Mike Davis)”
“While We Were Sleeping”
Orwell Rolls In His Grave, featuring MCM – Buy the DVD
About News From Underground
News From Underground is a daily e-news service run by Mark Crispin Miller, a Professor of Culture and Communication at NYU. It is based on his belief that academics, like reporters, have a civic obligation to help keep the people well-informed, so that American democracy might finally work.
If you'd like to receive updates delivered to your inbox daily, sign up for News From Underground Alerts:
Help News From Underground!
Message from Mark: "I am a one-man operation, although assisted greatly by some volunteers, and, now and then, by people paid by others for one-time projects. There is no shortage of skilled, dedicated folks out there who want to help me. There is, however, nothing I can pay them with, unless you decide you can contribute something."
Please donate via the PayPal button above or via PayPal by email to: email@example.com
- Democrats are partying like it’s 1952, and they’re Republicans—or Birchers.
- Two more on why Flynn went down…
- Why they made Trump dump Flynn (and what about Obama?)
- What news out of Japan is “fit to print,” according to the New York Times? Their choice could make you sick…
- On “killers” working for OUR government, Trump spoke the truth—and our “free press” freaked out…
- Contact Lou Dobbs on
- Forbidden Bookshelf on
- Top US spooks see NO “conclusive evidence” of Russian hacking in Election 2016 on
- How blaming Trump’s “election” on the Russians could force Hillary on us after all—and end US democracy for good… on
- Election theft in Michigan and Florida may have been more dramatic than we think… on
- Democrats are partying like it's 1952, and they're Republicans—or Birchers.
- The strange death of Nancy Schaefer (two items)
- Two more on why Flynn went down...
- Forbidden Bookshelf
- Local sheriff wanted Phillip Marshall's home professionally cleaned after the murder
- The International Human Press
- Citizens for Legitimate Government
- Fairness & Accuracy in Reporting
- alias Bruce
- Writers Voice
- Richard Charnin
- t r u t h o u t
- Media Channel
- William Betz
- Veterans for Common Sense
- Talking Points Memo
- Democratic Undergroud
- Early America
- Thom Hartmann
- Media Matters
- History Unfolding
- The Ostroy Report
- Words of Power
- Evil GOP Bastards
- The Rude Pudit
Need a bigger font size?
- Your link could be here too, contact us for pricing details.