America the Banana Republic

The ongoing financial meltdown is just the latest example of a disturbing trend that, to this adoptive American, threatens to put the Land of the Free and Home of the Brave on a par with Zimbabwe, Venezuela, and Equatorial Guinea.

by Christopher Hitchens

-SNIP-

Now ask yourself another question. Has anybody resigned, from either the public or the private sectors (overlapping so lavishly as they now do)? Has anybody even offered to resign? Have you heard anybody in authority apologize, as in: “So very sorry about your savings and pensions and homes and college funds, and I feel personally rotten about it”? Have you even heard the question being posed? O.K., then, has anybody been fired? Any regulator, any supervisor, any runaway would-be golden-parachute artist? Anyone responsible for smugly putting the word “derivative” like a virus into the system? To ask the question is to answer it. The most you can say is that some people have had to take a slightly early retirement, but a retirement very much sweetened by the wherewithal on which to retire. That doesn’t quite count. These are the rules that apply in Zimbabwe or Equatorial Guinea or Venezuela, where the political big boys mimic what is said about our hedge funds and investment banks: the stupid mantra about being “too big to fail.”

In a recent posting on The New York Times’s Web site, Paul Krugman said that the United States was now reduced to the status of a banana republic with nuclear weapons. This is a variation on the old joke about the former Soviet Union (“Burkina Faso with rockets”). It’s also wrong: in fact, it’s the reverse of the truth. In banana republics, admittedly, very often the only efficient behavior is displayed by the army (and the secret police). But our case is rather different. In addition to exhibiting extraordinary efficiency and, most especially under the generalship of David Petraeus, performing some great feats of arms and ingenuity, the American armed forces manifest all the professionalism and integrity that our rulers and oligarchs lack. Who was it who the stricken inhabitants of New Orleans and later of the Texas coastline yearned to see? Who was it who informed the blithering and dithering idiots at fema that they could have as many troops as they could remember to ask for, even as volunteers were embarking for Afghanistan and Iraq? What is one of the main engines of integration for blacks and immigrants, as well as one of the finest providers of education and training for those whom the system had previously failed? It may be true that the government has succeeded in degrading our armed forces as well—tasking them with absurdities and atrocities like Guantánamo and Abu Ghraib—but this only makes the banana-republic point in an even more emphatic way.

Full Article