30 March 2009

Taibbi's Rolling Stone Article

"No empire can survive being rendered a permanent laughingstock."

Matt Taibbi presents his irreverent take on the current crisis. I think his vision of the U.S. as a kleptocracy vs. an incompetent Republic is right on: Some excerpts:

So it's time to admit it: We're fools, protagonists in a kind of gruesome comedy about the marriage of greed and stupidity. And the worst part about it is that we're still in denial — we still think this is some kind of unfortunate accident, not something that was created by the group of psychopaths on Wall Street whom we allowed to gang-rape the American Dream.

The mistake most people make in looking at the financial crisis is thinking of it in terms of money, a habit that might lead you to look at the unfolding mess as a huge bonus-killing downer for the Wall Street class. But if you look at it in purely Machiavellian terms, what you see is a colossal power grab that threatens to turn the federal government into a kind of giant Enron — a huge, impenetrable black box filled with self-dealing insiders whose scheme is the securing of individual profits at the expense of an ocean of unwitting involuntary shareholders, previously known as taxpayers.

7 comments:

The Rambling Taoist said...

It's one of the best articles I've read in years!!

Comrade Kevin said...

Gosh, I don't know what to presume anymore. I used to think I knew something about something.

Karlo said...

The oracle says you're the wisest one in the room.

sanshinseon said...

Right on, Karlo. That article is one of the best truth-speakings on this so far... Indeed, we are fucked-over big-time.

Diana said...

Hi Karlo,

I would like to read the entire article but am unable to find the link. I dunno, maybe I'm missing it. Could you repost it?

Thanks.

Cheers!

Karlo said...

Hi Diana. I actually put the link into the title of the post. Sorry about that. It's http://www.rollingstone.com/politics/story/26793903/the_big_takeover.

Diana said...

Ah, I see now.

Thanks again.