tag:blogger.com,1999:blog-10131050.post3307023921835359774..comments2024-03-01T08:19:54.547+00:00Comments on BobFromBrockley: Corbyn/LaRouchebobhttp://www.blogger.com/profile/15439386754907203808noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-10131050.post-78561531253469365942015-09-01T16:45:11.008+01:002015-09-01T16:45:11.008+01:00You're right Tim. There's nothing cranky a...You're right Tim. There's nothing cranky about supporting such a law; in fact, it might be sensible. The LaRouche obsession with it fits in to two larger obsessions. First, they have a very strange, esoteric idea of history, in which FD Roosevelt is one of the heroes (villains include "the Inter-Alpha group of Lord Jacob Rothschild" and the Mont Pelerin Society). LaRouche, who in the 1970s called FDR a fascist (as Lew Rockwell did), has since the late 1970s tried to claim he is the true inheritor of FDR's mantle. Second (and Rothschild and Mont Pelerin fit in here too), the LaRouche cult is obsessed with finance capital - an obsession that shades into antisemitism. <br /><br />Corbyn's advocacy of Glass-Steagall, on the other hand, is a perfectly rational approach. I did not mean to imply that supporting it makes Corbyn cranky. It might be that his advocacy of Glass-Steagall is one reason the LaRouchites noticed Corbyn. bobhttps://www.blogger.com/profile/15439386754907203808noreply@blogger.comtag:blogger.com,1999:blog-10131050.post-58574415260549620212015-09-01T08:33:02.965+01:002015-09-01T08:33:02.965+01:00Among their obsessions is the need for a "Gla...<i>Among their obsessions is the need for a "Glass-Steagall" law separating investment and saving arms of banks, an obsession related to their wider obsession with finance capital; apparently Corbyn also supports a "Glass-Steagall" law.</i><br /><br />They seem pretty crazy in general, but an I just say that this particular 'obsession' is by no means a lunatic or fringe position. Of course, it was actually the state of US law from the 1930s until the 1990s, and many sensible people would argue that the law's repeal during the Clinton Administration paved the way for the abuses which led to the financial crisis of 2008-present day.tim bhttps://www.blogger.com/profile/02253495442249681689noreply@blogger.com