John Médaille in Doing God’s Work at Goldman’s notes that Greece’s banking problem — Crony Capitalism that privatized profits and socialized losses, leading to certain collapse — is, by the lights of an IMF economist, is the same as ours, and as we busted up the banking offenders in Greece, so should we here.
But of course we won’t. We have quasi-religious rationales for letting the bastards do as they wish, but in the end, we’re just making a virtue of necessity. We’re trapped.
[T]he country is formally an oligarchy, with a government of the rich, by the rich, for the rich. Partisan fights are beside the point. As Obama amply demonstrates, “change” means more of the same, for the same people fund both sides. As entertaining as our political process is, it is meaningless, full of the sound and the fury, no doubt, but signifying nothing. The real power lay elsewhere. The president and the congress seek office to run the country, only to find that the country runs them. Or rather that part of the country in and around Wall Street.
Not much I can add to that.
Tipsy Teetotaler ن 