On the one hand I do not believe that one should approach anything of historical events as exceptional. Doing that precludes understanding long term tendencies and structural constants. On the other hand I believe that a model of pendular back an forth is an over-semplification of a complex reality such as economic cycles. We now believe that the cycle of the Washington consensus is over and that we will go back to a neo-Keynesian phase. Moreover there is a hope that a victory of Barak Obama in the U.S. elections might be a step towards a "better world". He will be the one who will conclude the “exceptionally corrupt” phase of George W. Bush. Many in the U.S. hope, with some degree of nationalism\imperialism that he will be the one giving back “World leadership” to the United States.
Back to Clinton’s charming style of global plunder?
One should remember that Clinton has “constitutionalized” the Reagan revolution in the U.S. just as Blair has done so in England with Thatcher. Structurally he thus must share some of George W. Bush responsibilities as well. Clinton killed in Iraq and Somalia, slightly less than today, but he still killed many innocent children with his cruel and unusual embargos. Much of his presidency, from the recourse to the WTO against special deals given by European to banana produces in former colonies, to his war on the poor rather than on poverty, to his immoral attitude towards the death penalty deserve blame and shame. Do we really hope to go back to that?
Can we hope that Obama will be different? Constants suggest no. The corporate political interests sustaining him are the same. Corporate capital is his most powerful ally and actually now endorses him openly through the NYT among other prestigious agencies of mainstream intellectual manipulation. He already promised an increase of the killing in Afghanistan, even if he might withdraw from Iraq. His foreign policy --- Georgia etc. is just terrible.
Might he be an "exception" capable of freeing himself from the grip of organized plunder? Perhaps but only if global political resistance and the economic catastrophy will make it impossible to go back to "business as usual".