Thursday, July 30, 2009

AIG went a-mugging

It disappoints me that whether we have a Republican president or a Democrat in the whitehouse Wall Street gets what it wants at our expense. That is not democracy, that is plutocracy, or government by the richest.

The richest are best at generating wealth for themselves, but Justice and seeking the common good are the pillars of a stable democratic society. I sez, these two types of authority are incompatible, and as plutocrats begin to generate resentment (via injustice) they will certainly have to rely on violence to maintain Power.

Is it in America's best interests to willfully engineer fundamentally dishonest markets? Will investors entrust their money to such banana-republic-machinations?

Few news sources tackle such questions, but one is Democracy Now. In this clip Amy Goodman looks at AIG as if it were band-leading us to corpocracy:

Part one:

Part two:

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Foot Quotes

"Ignorance more frequently begets confidence than does knowledge"

Charles Darwin