You have to realize that what they’re trying to do is to roll back the Enlightenment, roll back the moral philosophy and social values of classical political economy and its culmination in Progressive Era legislation, as well as the New Deal institutions. They’re not trying to make the economy more equal, and they’re not trying to share power. Their greed is (as Aristotle noted) infinite. So what you find to be a violation of traditional values is a re-assertion of pre-industrial, feudal values. The economy is being set back on the road to debt peonage. The Road to Serfdom is not government sponsorship of economic progress and rising living standards, it’s the dismantling of government, the dissolution of regulatory agencies, to create a new feudal-type elite. *

On the ever entertaining and informative Max Keiser report: while done earlier this month, the interview with Michael Hudson remains a must see.

In the second half of the interview, Michael Hudson says:

* What’s going on in Greece is exactly what’s going to happen in America in a couple of weeks.

* The big banks are forcing their bad debts on government

* They are also forcing governments to sell off national assets so the banks can install a “neo-feudalism”.

Please note the political comments of Michael Hudson at minute 19, where he says that the social-democratic parties are moving to the extreme right of the political spectrum, and the conservative parties are moving to the left of the social democrats.

In this second video, Michael Hudson considers the Greek strategy as a dress rehearsal for what is happening in other countries, including the U.S.:

Don’t forget to watch this very funny take on the current unilateral class wars, by Bill Maher: