Economist Paul Krugman, in writing about the recent stock market dump, wrote, "What made the market so vulnerable to panic? … it was a matter of irrational complacency … investors began to act as if nothing bad would ever happen again. Sooner or later, however, reality was bound to intrude."
Irrational complacency is at the root of all the alleged job creation created under Bush policies. For every happy talk article like this, there is one based in reality like this. Nothing bad happening to the wealthy here! Move along.
Irrational complacency is at the root of all of the efforts to oppose the relief of the uncertainty of employees seeking redress for grievances. For every proposed remedy like this, there is the anguished outcry from the defenders of the wealthy like this.
The wealthy have no shortage of protectors, while those who need protection from the protected do without. Did the credit card industry really need Senator Mitch McConnell to protect them from overdrawn workers? Such a person who misrepresents himself as destitute is often convicted of fraud, and yet how often do we see or hear about the well-connected escaping justice? This case only got an the indictment because it was Uncle Sam who was the victim of the scam. And just what kind of pressure did Anheuser-Busch apply to get a Cal/OSHA safety violation report on their cash cow Sea World withdrawn?
Our nation has become corrupted to the point that only the wealthy – in the form of their property, the corporation – enjoy the protection of the law. How else can one describe a country which is willing to sacrifice the lives of thousands of its citizens, and those of tens of thousands of foreigners, in order to protect the profit margins of a few well-connected energy firms?
Irrationally exuberant comes to mind. But sooner or later, reality is bound to intrude. Be afraid. Be VERY afraid.Powered by Sidelines