I'm in the worst possible timezone to watch this thing.
Rundle says it:
What makes it powerful is that it is a victory of the global left in the incarnation of a black American, that it is a double blow to power and skin-privilege. Will President Obama be a programmatically radical leader? Of course not. But will he be a shivering neurotic Jesus-freak sycophant like Tony Blair? No, equally.His achievement before anything has occurred is this: that every vector of power -- money, race, media -- has been defeated in the US, the declining but still regnant capitol of the world. That what won was the idea of wisdom, judgement, intelligence, prudence and audacity, conservatism and radicalism, a measuring up to the demands of the world. That, as opposed to past Democratic campaigns, this was not a party machine insider -- a Tennessee grandee or a billionairess's husband -- presenting themselves as the least-worst option. It was someone who, by his own account, had come through the world of the radical left, of radical black action, to the realisation that any change in America had to come not against its traditions, but within them, and who therefore drew on the strengths of every residual radical and progressive notion of this one-time revolutionary society. It was an achievement, but it was also a channelling in to a deeper moment of historical shift.
In days of old, seers entered a trance state and then informed anxious seekers what kind of mood the gods were in, and whether this was an auspicious time to begin a journey, get married, or start a war. The prophets of Israel repaired to the desert and then returned to announce whether Yahweh was feeling benevolent or wrathful. Today The Market's fickle will is clarified by daily reports from Wall Street and other sensory organs of finance. Thus we can learn on a day-to-day basis that The Market is "apprehensive," "relieved," "nervous," or even at times "jubilant." On the basis of this revelation awed adepts make critical decisions about whether to buy or sell. Like one of the devouring gods of old, The Market -- aptly embodied in a bull or a bear -- must be fed and kept happy under all circumstances. True, at times its appetite may seem excessive -- a $35 billion bailout here, a $50 billion one there -- but the alternative to assuaging its hunger is too terrible to contemplate.
Shipping company magnate Carl Barron says he has his suspects, but denies conducting a smear campaign amongst his less-liked employees.
