The Long Fall

By MIKE WHITNEY

America is finished, washed up, kaput. Foreign investors and central banks around the world have lost confidence in US markets and are headed for the exits. The dollar is sinking, the country is insolvent, and its leaders are barking mad. That’s bad for business. Investors are voting with their feet. They’ve had enough. Capital is flowing to China and the Far East in a torrent. It’s “sayonara” downtown Manhattan and”Hello” Tiananmen Square.

The dollar fell another 2 per cent last night, gold soared to $840 per ounce, oil topped $98 per barrel, General Motors reported a $39 billion loss after the market closed on Tuesday, the real estate market continued its downward slide, and the major investment banks are marching in lock-step towards bankruptcy.

The news is all bad. The nation’s economic foundation is in shambles. US credibility is shot. Bush and Greenspan have put us on the road to ruin. Now their work is done. We’re flat broke.

The catalogue of fiscal ailments now facing the country is too long to list. We’d need a ledger the size of a small encyclopedia. There’s been a stampede away from the dollar even though it’s already lost over 60 per cent of its value since Bush took office and even though central banks around the world will lose their shirts if it collapses. They don’t care. They’re getting out while they can.

Cheng Siwei, the vice chairman of China’s National People’s Congress, announced yesterday that China would continue to diversify its $1.4 trillion reserves away from the dollar to “stronger currencies” like the euro. “Strong currencies”; isn’t that Paulson’s line? Siwei’s comments ignited a firestorm…

FULL ARTICLE AT COUNTERPUNCH

Posted by stan as Analysis at 7:25 AM PST

Christianity and The Survival of Creation
By Wendell Berry

I confess that I have not invariably been comfortable in front of a pulpit; I have never been comfortable behind one. To be behind a pulpit is always a forcible reminder to me that I am an essayist, and in many ways a dissenter. An essayist is, literally, a writer who attempts to tell the truth. Preachers must resign themselves to being either right or wrong; an essayist, when proved wrong, may claim to have been “just practicing.” An essayist is privileged to speak without institutional authorization. A dissenter, of course, must speak without privilege.

I want to begin with a problem: namely, that the culpability of Christianity in the destruction of the natural world, and the uselessness of Christianity to any effort to correct that destruction, are now established cliches of the conservation movement. This is a problem for two reasons: First, the indictment of Christianity by the anti-Christian conservationists is, in many respects, just. For instance, the complicity of Christian priests, preachers, and missionaries in the cultural destruction and the economic exploitation of the primary peoples of the Western Hemisphere as well as of traditional cultures around the world, is notorious. Throughout the five-hundred years since Columbus’s first landfall in the Bahamas, the evangelist has walked beside the conqueror and the merchant, too often blandly assuming that his cause was the same as theirs. Christian organizations, to this day, remain largely indifferent to the rape and plunder of the world and of its traditional cultures. It is hardly too much to say that most Christian organizations are as happily indifferent as most industrial organizations to the ecological, cultural, and religious implications of industrial economics. The certified Christian seems just as likely as anyone else to join the military-industrial conspiracy to murder Creation.

The conservationist indictment of Christianity is a problem, secondly, because, however just it may be, it does not come from an adequate understanding of the Bible and the cultural traditions that descend from the Bible. The anti-Christian conservationists characteristically deal with the Bible by waving it off. And this dismissal conceals, as such dismissals are apt to do, an ignorance that invalidates it. The Bible is an inspired book written by human hands; as such, it is certainly subject to criticism. But the anti-Christian environmentalists have not mastered the first rule of the criticism of books: you have to read them before you criticize them. Our predicament now, I believe, requires us to learn to read and understand the Bible in the light of the present fact of Creation. This would seem to be a requirement both for Christians and for everyone concerned, but it entails a long work of true criticism–that is, careful and judicious study, not dismissal. It entails, furthermore, the making of very precise distinctions between biblical instruction and the behavior of those peoples supposed to have been biblically instructed.

I cannot pretend, obviously, to have made so meticulous a study; if I were capable of it, I would not live long enough to do it. But I have attempted to read the Bible with some of these issues in mind, and I see some virtually catastrophic discrepancies between biblical instruction and Christian behavior. I don’t mean disreputable Christian behavior, either. The discrepancies I see are between biblical instruction and allegedly respectable Christian behavior.

If, because of these discrepancies, Christianity were dismissable, there would, of course, be no problem. We could simply dismiss it, along with the twenty centuries of unsatisfactory history attached to it, and start setting things to rights. The problem emerges only when we ask, Where then would we turn for instruction? We might, let us suppose, turn to another religion–a recourse that is sometimes suggested by the anti-Christian environmentalists. Buddhism, for example, is certainly a religion that could guide us toward a right respect for the natural world, our fellow humans, and our fellow creatures. I have a considerable debt myself to Buddhism and Buddhists. But there is an enormous number of people, and I am one of them, whose native religion, for better or worse, is Christianity. We were born to it; we began to learn about it before we became conscious; it is, whatever we think of it, an intimate belonging of our being; it informs our consciousness, our language, and our dreams. We can turn away from it or against it, but that will only bind us tightly to a reduced version of it. A better possibility is that this, our native religion, should survive and renew itself, so that it may become as largely and truly instructive as we need it to be. On such a survival and renewal of the Christian religion may depend the survival of that Creation which is its subject.

If we read the Bible, keeping in mind the desirability of those two survivals–of Christianity and the Creation–we are apt to discover several things that FULL ESSAY

Posted by stan as Analysis at 4:59 AM PDT