American Mantra: Free Market Capitalism and Obama


by Prof Peter Phillips
dailycensored.com
January 1, 2010


Free Market Capitalism remains the dominant American ideological truth. The decline of communism opened the door for unrepentant free marketers to boldly espouse market competition as the final solution for global harmony. According to the American mantra, if given the opportunity to freely develop, the marketplace will solve all evils. We will enjoy economic expansion, individual freedom, and unlimited bliss by fully deregulating and privatizing society’s socio-economic institutions.

The selection of Obama as the U.S. President placed into power the party of the trilateralist wing of the American corporate elite. Obama’s business/government revolving-door cabinet is comprised of just as many corporate CEO’s and business elites as any presidency in recent history. This new government elite will continue the work to see that the American mantra remains safe, globalized, and unchallenged.

Pesky socialist or nationalist leaning governments will be undermined, pressured into compliance or even invaded if they dare to resist the American mantra. The full force of U.S. dominated global institutions: WTO, World Bank, IMF, NAFTA, will focus on maximizing free market circumstances and corporate access to every region of the world.

Economic safety nets, environmental regulations, labor unions, human rights, become second place to the free flow of capital and investments. Indigenous resisters face overt repression, disappearance, or imprisonment by governments fully armed and supported by the American dominated New World Order.

So what is the underlying rationale for this American mantra? Are its dogmatic beliefs based on specific socio-economic facts? Are free market forces clearly the best mechanism for human betterment? Do these mechanisms work cross-culturally and are they efficient under all circumstances?

A closer examination of the American mantra reveals that “free marketâ€