http://www.medialens.org/alerts/08/080205_creative_destruction_the.php

‘CREATIVE DESTRUCTION’ – THE MADNESS OF THE GLOBAL ECONOMY

.....................the economy itself is presumed to be “inherently strong.” (President George W. Bush, quoted, Democracy Now!, January 23, 2008; http://www.democracynow.org/ 2008/1/23/recession).

This is a vital illusion; the required view of wealthy investors and corporations. After all, a basic requirement for powerful authority to prevail is the mythical projection of a benign force ( like the Fed ) in control of events. Western leaders and their faithful retinue in the media are deceptively reassuring about the global economic situation - because profits and power demand it. Otherwise they run the serious risk of a huge slump in public confidence in the current economic system and even in what passes for ‘democratic’ politics. Corporate reporting of the ‘financial crisis’, then, is yet another example of how reality is distorted in service to power and profit..............