A top ten list to grudgingly remember
How about the top ten greedy people of 2008? There are a lot of candidates here–anyone dealing in credit swaps, hedge funds, investment banking, subprime mortgages, home building for the subprime fiasco–these activities could all generate qualified candidates for the top ten on the greed scale. While it’s hard to see why we should stop at ten on the infamous list, especially after such the horrific year we have just gone through, at least it’s a start: appearing in Alternet, Sam Pizzigati has published his top nominees and you know for sure that the name Bernie Madoff is among them. But, I’ll bet you can’t guess who is number one? Apart from Madoff, how many on the list do you know? These are people you would never hear much about, because they don’t do anything worthwhile. They are not helping to build a country. If anything they create wealth by tearing one apart and it doesn’t matter whether its their own or somebody elses! I for one do not believe that the economic collapse we are witnessing is a failure of monetary policy or lack of liquidity. I believe it is a structural failure in our economy and that the collapse is more akin to the bridge that disintegrated in Minnesota last year, rather than a glitch in the system that can be fixed with more regulatory control. We need to build stuff–but the right stuff, the stuff that relates to our responsibility to save the planet, prevent Polar Bears from drowning and diversify our economy, with a resounding demilitarization of our society.
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