Greenspan's Laissez-Faire or LaRouche's Firewall

Greenspan has continually suggested to keep the economics simple, legislate against corruption, and let the markets play out the way they must. He believes it all balances out in the end, and will eventually adjust itself. Sadly, half the world may drop dead in the process. After Atlas Shrugged in the sixties, Greenspan became a social Darwinist letting the strongest survive, and permitting the weakest to peter out gracefully in traditional systems of sub minimum wage slavery. His philosophy is to keep from over-regulating, never never freeze anything and hunker down.

La Rouche that old sage and prophet of doom says just the opposite calling for a braking system he calls a "firewall". The alternative he fears at this stage of the turbulence is the end of civilization. If one open the time honored book of Revelation it might appear that we are durn near close. He writes:

"So therefore, we need a method of firewalls; now I mentioned two kinds of firewalls. I mentioned this act; it's a firewall. It is a feasible form of firewall under U.S. law. We just need that one piece of legislation, no more complicated than what I've written. That piece of legislation will create a firewall.

Now, we need another firewall: We need a firewall for the transition from the way the U.S. financial system is operating now, to what we are installing. We also need, in that, we need a firewall in the form of treaty agreements among a powerful aggregation of nations. In other words, if the majority of the powerful nations of the world agree that something is going to be protected, it can be protected. Without such an agreement, it can't be protected: That's a firewall. If these nations agree to come to each others' support and defense, on this issue, knowing that it's their interest that's at stake—a firewall, a transition from a system that has failed, the Cold War system, the present system, the globalization system: These systems have failed. We must, with one fell swoop, get rid of them! Well, you can not reform them, piece by piece: You have to create a firewall, to contain the disease." [This presentation appears in the September 28, 2007 issue of Executive Intelligence Review.This Present World Financial Crisis]

This is your typical convoluted LaRouche read filled with unedited streams of economic alter-consciousness. The wise, however, will find many interesting details and perhaps a piece of the great puzzle of history.