Douglas Rushkoff vs. Wall Street

[David Morris]

Today's NYT Krugman (God Bless Him):

http://www.nytimes.com/2011/10/07/opinion/krugman-confronting-the-malefactors.html?_r=1&ref=global

A weary cynicism, a belief that justice will never get served, has
taken over much of our political debate — and, yes, I myself have
sometimes succumbed. In the process, it has been easy to forget just
how outrageous the story of our economic woes really is. So, in case
you’ve forgotten, it was a play in three acts.

In the first act, bankers took advantage of deregulation to run wild
(and pay themselves princely sums), inflating huge bubbles through
reckless lending. In the second act, the bubbles burst — but bankers
were bailed out by taxpayers, with remarkably few strings attached,
even as ordinary workers continued to suffer the consequences of the
bankers’ sins. And, in the third act, bankers showed their gratitude
by turning on the people who had saved them, throwing their support —
and the wealth they still possessed thanks to the bailouts — behind
politicians who promised to keep their taxes low and dismantle the
mild regulations erected in the aftermath of the crisis.

Given this history, how can you not applaud the protesters for finally
taking a stand?


> this is exactly the point of the great Adam Curtis' short film "oh, Dear"-ism
>
> http://www.youtube.com/watch?v=YCBG4bvIueA
>
> rich