Posted by: jcardillo | 10 April, 2009

You Just Got Served!

I wrote in an email the other day that “I think thinking is good.”  It is in that spirit that I (belatedly) post a link to Matt Taibbi’s Rolling Stone article, “The Big Takeover.”  From the article:

“As complex as all the finances are, the politics aren’t hard to follow. By creating an urgent crisis that can only be solved by those fluent in a language too complex for ordinary people to understand, the Wall Street crowd has turned the vast majority of Americans into non-participants in their own political future. There is a reason it used to be a crime in the Confederate states to teach a slave to read: Literacy is power. In the age of the CDS and CDO, most of us are financial illiterates. By making an already too-complex economy even more complex, Wall Street has used the crisis to effect a historic, revolutionary change in our political system — transforming a democracy into a two-tiered state, one with plugged-in financial bureaucrats above and clueless customers below.”

Perhaps Taibbi goes a bit too far in the direction of conspiracy theory, and the reality is closer to “once you’ve created a problem and there’s an opportunity to grab power, you’d be stupid not to.”


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