The Bear Market Economics Phenomenon

“The Bear Market Economics Phenomenon” is an observation of Political Economics. Wall Street Admits: ‘We Got Rich Off the Backs of Workers’ thus creating the Bear Market. The Bear Market is America's default war. The ethic of Wall Street is the ethic of celebrity. It is fused into one bizarre, perverted belief system and it has banished the possibility of the country returning to a reality-based world or avoiding internal collapse. A society that cannot distinguish reality from illusion dies.

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Friday, October 2, 2009

Copenhagen: Will Obama Go Back?

The Huffington Post

Copenhagen: Obama Better Go Back

by Naomi Klein

When Obama arrived in Copenhagen today to support Chicago's Olympic bid, he was showing the world that he is willing to schlep to Scandinavia for an event he considers important. The big question now is: will he do it again on December 7, when Copenhagen plays host to the United Nations summit on climate change, the highest-stakes environmental negotiations in history?

British Prime Minister Gordon Brown has already pledged to be there, characterizing the summit as a last chance to pull the planet back from the brink. "I will go to Copenhagen to conclude the deal," Brown told the UN General Assembly. "This is too important an agreement -- for the global economy, and for the future of every nation represented here -- to leave to our official negotiators. So I urge my fellow leaders to commit themselves to going to Copenhagen too."

No word so far on whether Obama will heed the call (remember that George Bush Sr. went to the Rio Earth Summit...). Considering the Obama administration's paltry proposals on emissions cuts, and the total absence of a U.S. plan to help developing countries meet the massive costs associated with a climate crisis they did not create (ask the residents of flooded-out Manila), it's not surprising that the president might want to avoid what promises to be a angry showdown in Copenhagen. Already U.S. negotiators are trying to lower expectations for what the summit can accomplish, an ominous sign.

One thing is certain: if Obama skips Copenhagen in December, after making time to go there to promote the Olympics in October, he will be saying something chilling about his administration's commitment to battling global warming. Now is the time to tell Obama: you'd better go back to Copenhagen.

Naomi Klein is an award-winning journalist and syndicated columnist and the author of the international and New York Times bestseller The Shock Doctrine: The Rise of Disaster Capitalism, now out in paperback. Her earlier books include the international best-seller, No Logo: Taking Aim at the Brand Bullies; and the collection Fences and Windows: Dispatches from the Front Lines of the Globalization Debate (2002). To read all her latest writing visit www.naomiklein.org