Beyond the speculative and often fraudulent froth that characterizes much of neoliberal financial manipulation, there lies a deeper process that entails the springing of ‘the debt trap’ as a primary means of accumulation by dispossession. Crisis creation, management, and manipulation on the world stage has evolved into the fine art of deliberative redistribution of wealth from poor countries to the rich. I documented the impact of Volcker’s interest rate increase on Mexico earlier. While proclaiming its role as a noble leader organizing ‘bail-outs’ to keep global capital accumulation on track, the US paved the way to pillage the Mexican economy. This was what the US Treasury–Wall Street–IMF complex became expert at doing everywhere. Greenspan at the Federal Reserve deployed the same Volcker tactic several times in the 1990s. Debt crises in individual countries, uncommon during the 1960s, became very frequent during the 1980s and 1990s. Hardly any developing country remained untouched, and in some cases, as in Latin America, such crises became endemic. These debt crises were orchestrated, managed, and controlled both to rationalize the system and to redistribute assets. Since 1980, it has been calculated, ‘over fifty Marshall Plans (over $4.6 trillion) have been sent by the peoples at the Periphery to their creditors in the Center’. ‘What a peculiar world’, sighs Stiglitz, ‘in which the poor countries are in effect subsidizing the richest.
David HarveyTags: capitalism debt crises harvey neoliberalism capital-accumulation debt-crises shock-therapy the-shock-doctrine
Harvey and I sit in the bars... have a drink or two... play the juke box. And soon the faces of all the other people they turn toward mine and they smile. And they're saying, "We don't know your name, mister, but you're a very nice fella." Harvey and I warm ourselves in all these golden moments. We've entered as strangers - soon we have friends. And they come over... and they sit with us... and they drink with us... and they talk to us. They tell about the big terrible things they've done and the big wonderful things they'll do. Their hopes, and their regrets, and their loves, and their hates. All very large, because nobody ever brings anything small into a bar. And then I introduce them to Harvey... and he's bigger and grander than anything they offer me. And when they leave, they leave impressed. The same people seldom come back; but that's envy, my dear. There's a little bit of envy in the best of us.
Elwood P. DowdTags: harvey james-stewart mary-chase
I'd just put Ed Hickey into a taxi. Ed had been mixing his rye with his gin, and I just felt that he needed conveying. Well, anyway, I was walking down along the street and I heard this voice saying, "Good evening, Mr. Dowd." Well, I turned around and here was this big six-foot rabbit leaning up against a lamp-post. Well, I thought nothing of that because when you've lived in a town as long as I've lived in this one, you get used to the fact that everybody knows your name. And naturally I went over to chat with him. And he said to me... he said, "Ed Hickey was a little spiffed this evening, or could I be mistaken?" Well, of course, he was not mistaken. I think the world and all of Ed, but he was spiffed. Well, we talked like that for awhile and then I said to him, I said, "You have the advantage on me. You know my name and I don't know yours." And, and right back at me he said, "What name do you like?" Well, I didn't even have to think twice about that. Harvey's always been my favorite name. So I said to him, I said, "Harvey." And, uh, this is the interesting thing about the whole thing: He said, "What a coincidence. My name happens to be Harvey.
Elwood P. DowdTags: harvey james-stewart mary-chase
Oh, Myrtle, don't be didactic. It's not becoming in a young girl. Besides, men loathe it.
Veta Louise SimmonsTags: harvey mary-chase josephine-hull
I took a course in art last winter. I learnt the difference between a fine oil painting, and a mechanical thing, like a photograph. The photograph shows only the reality. The painting shows not only the reality, but the dream behind it. It's our dreams, doctor, that carry us on. They separate us from the beasts. I wouldn't want to go on living if I thought it was all just eating, and sleeping, and taking my clothes off, I mean putting them on...
Veta Louise SimmonsTags: harvey mary-chase josephine-hull
You see, science has overcome time and space. Well, Harvey has overcome not only time and space, but any objections.
Elwood P. DowdTags: harvey james-stewart mary-chase
Fly specks, fly specks! I've been spending my life among fly specks while miracles have been leaning on lampposts at 18th and Fairfax!
ChumleyTags: harvey mary-chase
Miss Kelly, perhaps you'd like this flower. I seem to have misplaced my buttonhole.
Elwood P. DowdTags: harvey james-stewart mary-chase
Well, you've heard the expression, 'his face would stop a clock'. Well, Harvey can look at your clock... and stop it. And you can go anywhere you like, with anyone you like, and stay as long as you like, and when you get back... not one minute will have ticked by.
Elwood P. DowdTags: harvey james-stewart mary-chase
Miss Kelly, you know, when you wear my flower you make it beautiful.
Elwood P. DowdTags: harvey james-stewart mary-chase
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