... The only "consistency" between widespread deregulation and a bailout is always giving the rich what they want - allowing them high profits for themselves in good times and protecting them from risk at public expense in the bad. ...There's much more.
... It's not just economics that seems to mystify [movement conservatism], though, but basic human nature. ...
Unfortunately, Tim Geithner and the Obama gang seem to be too willing to continue the dodgy moves of Paulson and the Bush administration. Maybe it's class solidarity, similar ideologies, or the difficulty of fighting the bankers who own Congress. Maybe they simply aren't working hard enough to protect the country's economy against astonishingly arrogant, reckless and selfish corporate narcissists. Maybe they simply fail to realize the true nature of these oligarchs, and how dangerous they are. Maybe they're just too corrupt themselves. What Jonathan Schwarz wrote back in October about a flabbergasted establishment is as relevant as ever:Who wouldn't be stunned when the most greedy, venal, vicious, cruel, arrogant, ignorant human beings on earth aren't eager to work in the public interest? Especially when people like them have never been willing to do so in the entire history of mankind, except on the rare occasions when they've been directly threatened with execution? It's stunning!Somehow, it never occurred to them that human beings would be greedy and selfish.
Wednesday, June 3, 2009
... but there's too much in this post: The Persistence of Ideology by batocchio.