Douglas Rushkoff vs. Wall Street

Ian Livingston igrlivingston at gmail.com
Fri Oct 7 12:19:54 CDT 2011


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

May you never grow cynical enough to just stand by without even
debating the issues. I thank the protesters and trust they will keep
up the pressure. I do hope to join them soon, as I will soon be among
the unemployed....


On Fri, Oct 7, 2011 at 6:15 AM, David Morris <fqmorris at gmail.com> wrote:
> 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
>



-- 
"Less than any man have I  excuse for prejudice; and I feel for all
creeds the warm sympathy of one who has come to learn that even the
trust in reason is a precarious faith, and that we are all fragments
of darkness groping for the sun. I know no more about the ultimates
than the simplest urchin in the streets." -- Will Durant



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