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Flashpoints - September 3, 2012 at 5:00pm

Flashpoints, for September 3, 2012 - 5:00pm

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Today, Dennis interviewed

Today, Dennis interviewed Catherine Austin Fitts. She put forth as a key hopeful development an article in the current arch-corporate capitalist media outlet, The Economist, about the "third industrial revolution," e.g. the new hi-tech communications devices such as smart phones, factory robots, etc. This she contends will enable the US to regain manufacturing jobs, and for local communities to regain economic power. Never mind that this hi-tech structure requires a global empire which sucks away resources via war and super-exploitation in places such as the Republic of Congo, and uses sweatshops in places like China and Vietnam to make the tech devices. Never mind that robotics eliminate most factory jobs, as an article in today's Zero Hedge postings demonstrates quite well. And never mind that this global infrastructure requires high levels of energy made possible only via fossil fuels, as well as resources which are being rapidly depleted.

This is right out of a current TV ad by Dow Chemical which shows a guy delivering an impossibly high pyramid of bread loaves carried on top of his head while riding a bike, with the conclusion being that technology can "solve all our problems. Solutionism is today's optimism." Bernstein accepted phone call-ins. Only one caller had even a remote clue. She brought up the exploitation in Congo. Fitts admitted it, but contended that hi tech enables "transparency" which will enable "us" to figure out how to do all this in a more "just" way. As if such a system could exist without the resources being cheap thanks to this exploitation. Amazing that Flashpoints is now channeling corporate disinformation.

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