Monday, September 22, 2008

The right reward for repulsive, porcine plutocrats.

You've perhaps seen this mind-boggling quote:

"A lot of those people will have to sell their homes, they're going to cut back on the private jets and the vacations. They may even have to take their kids out of private school," said Frank. "It's a total reworking of their lifestyle."

He added that it's going to be no easy task.

"It's going to be very hard psychologically for these people," Frank said. "I talked to one guy who had to give up his private jet recently. And he said of all the trials in his life, giving that up was the hardest thing he's ever done."

Makes "let them eat cake" look pretty anodyne, doesn't it? If we were less fat and lazy and apathetic, we'd be lining people like this up against the wall at this very moment. You know I'm against capital punishment, but that actually doesn't seem all that virtuous in this case, given that a quick death would probably be a mercy for them compared to my preferred punishment, which would be to strip them of all their worldly possessions and force them to work arduous, mind-numbing, thankless eighty-hour-a-week jobs for minimum wage with absolutely no respite every day for the rest of their miserable lives. And they'd have to donate half their earnings to the people they've been so industriously fucking over all this time. That seems only fair.


Anonymous Anonymous pontificated to the effect that...

I don't feel sorry for anyone on Wall Street either. Many of the failed companies were classic Wall Street "greed is good" caricatures. However, the sole fact that the dollar is the world's reserve currency automatically gave great advantages to American banks and investment firms -- it was much easier for them to receive super-high profits, because every time something went wrong, the government would print more magical fiat money to bail them out, and the government also instituted rules to prevent foreign investors from buying up serious American assets or competing on equal terms with American banks. It was inevitable that the American financial system would eventually become complacent and incompetent -- essentially, this is one of the expenses of trying to run a global empire.

- SK

6:14 PM  

Post a Comment

<< Home