There are times when American politics seems like little more than two groups in a fever to prevent each other from trespassing upon their respective soothing versions of unreality
Matt TaibbiBeing a wiseass in a groupthink environment is like throwing an egg at a bulldozer.
Matt TaibbiMost people, when they imagine New England, think about old colonial homes, white houses with black shutters, whales, and sexually morbid WASPs with sensible vehicles and polite political opinions. This is incorrect. If you want to get New England right, just imagine a giant mullet in paint-stained pants and a Red Sox hat being pushed into the back of a cruiser after a bar fight.
Matt TaibbiIn the new American ghetto, the nightmare engine is bubble economics, a kind of high-tech casino scam that kills neighborhoods just like dope does, only the product is credit, not crack or heroin. It concentrates the money of the population in just a few hands with brutal efficiency, just like narco-business, and just as in narco-business the product itself, debt, steadily demoralizes the customer to the point where he’s unable to prevent himself from being continually dominated.
Matt TaibbiMots clés kindlehighlight
intrusive government and layer upon layer of regulatory red tape. When
Matt TaibbiMots clés kindlehighlight
lenders to trade their long-term income streams for short-term cash. Say
Matt TaibbiMots clés kindlehighlight
Gross Domestic Product—the substitution, in effect, of ideas for physical value.
Matt TaibbiMots clés kindlehighlight
The basic scam in the Internet age is pretty easy even for the financially illiterate to grasp. It was as if banks like Goldman were wrapping ribbons around watermelons, tossing them out fiftieth-story windows, and opening the phones for bids. In this game you were a winner only if you took your money out before the melon hit the pavement.
Matt TaibbiMots clés finance
In a society governed passively by free markets and free elections, organized greed always defeats disorganized democracy.
Matt TaibbiMots clés democracy capitalism elections government greed wall-street
The mistake our politicians so often make with these industry leaders is in thinking they are interested in, or respectful of, the power of government. All they want is to keep stealing. If you can offer them the government’s seal of approval on that, they’ll take it. But if you can’t, well, they’ll take that too.
Matt TaibbiMots clés united-states government politicians wall-street thievery
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