From Volume 5, Issue Number 4 of EIR Online, Published Jan. 24, 2006

Latest From LaRouche

How To Capitalize A Recovery

by Lyndon H. LaRouche, Jr.

Today, as then, the personable and the popular sway the public; today, as then, little men with little minds loom too large for the public good.
—Hanson Baldwin, 1960.

December 19, 2005

Very often in life, not only individuals, but even entire nations, are ruined, because they, like the foolish King Croesus, had been content to ask the wrong question, and then interpret the answer in a way which caused the ruin which they brought upon themselves. For example, even leading governments, such as our own, have frequently, like ancient Croesus, accepted the answer they had received when they had asked the wrong question of an inherently unreliable source. Such sources are typified by Federal Reserve Chairman Alan Greenspan, or the sundry actually, or implicitly Synarchist representatives of the ever-Delphic, Mont Pelerin Society and American Enterprise Institute.

The source of our nation's principal difficulties, in facing the presently onrushing breakdown crisis of the world's present monetary-financial system, lies with those delusory habits of mind which have been carried to an extreme during about four recent decades of our nation's decadence, as our republic descended from the world's leading producer society, to today's looted state of post-industrial "services economy" wreckage. Lately, that stubbornly foolish, habituated state of mind has been often expressed among our citizens in an outburst of the type: "You can't put the toothpaste back in the tube."

Meanwhile, any comparison of the physical conditions of life and economy in the U.S.A. during the recent four decades, with the rate of improvement of physical standard of living and productivity during the first two post-war decades, demonstrates that the post-1968 change to a "services economy," has been, consistently, a disaster for our nation's physical economy, the source of the ruin of our nation's credit, and the cause for the collapse of the conditions of life of the lower eighty-percentile of our family-household income-brackets. So, we must view the lessons to be learned from the spectacular ruin of the region which includes the physical economies of the western parts of the states of New York and Pennsylvania, together with the entire state economies of Michigan, Ohio, and Indiana. Across the nation as a whole, the situation has been usually a trend in a similar direction....

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