1. Doug's "critique" came in response to no one actually doing the
simpleminded leftish habit thing that it criticizes. Jim Devine wrote
something about the consumer confidence bounce reminding him of the
suckers' rally after 1929. Hey, today's another day. Did the bear shit in
the woods again? Or is that simpleminded?
2. There is a sense in which "bad news" can appropriately be received with
satisfaction, if not joy. That is when the bad news confirms our grasp on
reality in the face of relentless 'optimistic' disinformation telling us
we're assholes for not celebrating the official fables.
3. There's no reason to expect that a falling market will unleash a lot
of good shit. They may be reason to hope that the harsh light of reality
will unleash some energies to struggle against the bad shit.
4. For many people, the loss of the illusion of prosperity will be no
no more of a hardship than was the illusion of prosperity, if you get my
drift.
On Wed, 28 Mar 2001, Doug Henwood wrote:
> Because that's not what I'm doing. I'm criticizing the leftish habit
> of simplemindedly putting negative signs in front of the glad
> tidings, and viewing a collapsing Dow as good news. A lot of bad shit
> has gone on under a rising market, but that doesn't mean that a
> falling market will unleash lots of good shit.
Tom Walker
(604) 947-2213
