Saturday, July 4, 2009

Common fucking sense

There is an article by Matt Taibbi in the current issue of Rolling Stone that chronicles how the creeps at Goldman Sachs have gamed financial markets for decades. He has been all too predictably attacked for being "slanted."
He defends himself quite reasonably here.
He's right, of course, in positing that the national media is woefully lazy and incompetent in dealing with subjects such as this. Sadly, it has been compromised by the Greek chorus of politicians, PR hacks and mouth breathers who shriek hysterically whenever someone points out how badly fucked our nation's economic policies are.
Yes, they are correct in pointing out that the Soviet model was a failure; they are wrong in saying that regulating markets is tantamount to Stalinism. It's not. Propping up mobsters like Goldman Sachs encourages them to fuck over working and poor people even harder, which is stupid because 99 percent of the country is working and/or poor.
We don't exist to serve the economy and you're not going to be rich someday. The economy exists to serve us and should be run in such a way that benefits you and I more than hedge fund managers and trust fund babies.
I've always assumed that point is too obvious to miss, but I guess my faith in the common sense of the American people was misplaced.
Go figure.

2 comments:

Carm said...

OK. Not only did I have to shell out $5.95 for my first RS since 1993, it's not even the right size anymore. All the news that fits, huh? This crappy blog is ruining my life.

lapsednewsguy said...

Yeah, yeah...don't forget to hit the ad links. I still haven't cracked $15.