First, we selected a cadre of crusty punks from the streets of Seattle, stripped off their Che T-shirts, suited them up in Armanis and wingtips and introduced them to the concepts of derivatives and dental floss. Then we shipped them to Wall Street with firm instructions: Make as much money as you can, as fast as you can, and as soon as the money starts rolling in, send it out to make more money by whatever dodgy means you can find--subprime loans, credit default swaps, pyramid schemes--anything goes. And oh yes: Spend your own earnings in the most flamboyantly gross ways you can think of--$10,000 martinis, fountains of champagne--so as to fan the flames of class resentment.
Tuesday, October 21, 2008
Barbara Ehrenreich impresses again
Ever since reading Nickel and Dimed I've been impressed with Barbara Ehrenreich... and she delivers again with her recent amusing article about the "socialist" conspiracy. A snippet:
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