Douglas Rushkoff vs. Wall Street

[cfabel]

Exactly.

C. F. Abel
Chair
Department of Government
Stephen F. Austin State University
Nacogdoches, Texas 75962
(936) 468-3903

"If they can get you asking the wrong questions, they don't have to worry
about the answers." 
— Thomas Pynchon (Gravity's Rainbow)



-----Original Message-----
From: owner-pynchon-l at waste.org [mailto:owner-pynchon-l at waste.org] On Behalf
Of David Morris
Sent: Friday, October 07, 2011 8:15 AM
To: rich
Cc: Dave Monroe; pynchon -l
Subject: Re: Douglas Rushkoff vs. Wall Street

Today's NYT Krugman (God Bless Him):

http://www.nytimes.com/2011/10/07/opinion/krugman-confronting-the-malefactor
s.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