Making the rounds to defend himself this morning, yet again (against what exactly remains ambiguous - certainly any real discussion of his learned unwillingness to state hard truth to power, to admit any responsibility for ideological complicity, not to mention unforgiveable self-contradictions, is not on the table), Alan Greenspan appears on NPR and (again) refrains from the speculative, informed imagining that remains our only chance for survival as a species: global recession is "much more likely" now, he admits, resorting to the tired and simplistic, not to mention falsely-naturalizing disease metaphor, "just like when the immune system is weak," etc. (As always, this metaphor demands to be complicated: our economic "immune system" being in fact at war with itself, as good Derridians everywhere note.) Long-term interest rates around the world are out of control; nothing he can do, that is ever could do, about it.
As with all fantastical conservative evasions of responsibility (read: fundamentalism), he posits a single, as-if isolated, pure Historical Event - in this case, the end of the Cold War - significantly just so long enough ago, that invariably "changed everything" - such that any assessment of his actions must of course be weighed on an equally if not more Epic, mythical and distant (hence forgiving) scale. Needless to say, it's an old rhetorical trick employed by those in power - invoking "History" when there are only ever histories, a "recourse" (as they say) made palatable by the desire and fantasy for a genuine leader on the part of a genuinely unempowered, insecure public. (Which may be the only desire more powerful than the desire to ritually condemn and profane some falsely inflated idea or image of an individual, as mimetically-charged sacrifice.) It's all meant to be reassuring: "You see," our Leader gently condescends, handing us his very own gold-rimmed goggles, "I have always had the Big Picture in mind." "Therefore, and on my stage, things were simply more complicated and out of my control than you will ever realize; here is an Event in light of which my lobbying for tax cuts for the already criminally wealthy inevitably pales."
Which is not to say there isn't truth to his observation (the end of the Cold War being in many ways worse than the Cold War) , only to note that he is deliberately changing the subject, suggesting another lens for an analysis, and for an infinitely deferred self-placement, which he then neglects to pursue. At all. Which is wise, because in the end it would hardly excuse him any further.)
Two months ago, William Greider in The Nation was even less kind, treating these self-contradictions with the contempt for which, some might say, the circumstances practically scream:
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