"... a broader syndrome ..."
Posted by Carolan Gladden at 10/10/2011 10:43 AM 
Categories: thoughts, Protesting, Current Events, Republicans, Economy, Stupidity
Categories: thoughts, Protesting, Current Events, Republicans, Economy, Stupidity
"The way to understand all of this ("Panic of the Plutocrats") is to realize that it’s part of a
broader syndrome, in which wealthy Americans who benefit hugely from a
system rigged in their favor react with hysteria to anyone who points
out just how rigged the system is.
And so once again Paul Krugman spells it out in profound simplicity -- in yesterday's NY Times OpEd piece. As he tells us, "It remains to be seen whether the Occupy Wall Street protests will change America’s direction. Yet the protests have already elicited a remarkably hysterical reaction from Wall Street, the super-rich in general, and politicians and pundits who reliably serve the interests of the wealthiest hundredth of a percent. And this reaction tells you something important — namely, that the extremists threatening American values are what F.D.R. called “economic royalists” ...
Krugman cites chapter and verse how the rational among us have been pilloried for the Occupy Wall Street movement and asks, "What's going on here? Wall Street's Masters of the Universe realize, deep down, how morally indefensible their position is … got rich by peddling complex financial schemes … helped push us into a crisis … blighting the lives of tens of millions of their fellow citizens … Yet they have paid no price."
Positively,
Carolan
And so once again Paul Krugman spells it out in profound simplicity -- in yesterday's NY Times OpEd piece. As he tells us, "It remains to be seen whether the Occupy Wall Street protests will change America’s direction. Yet the protests have already elicited a remarkably hysterical reaction from Wall Street, the super-rich in general, and politicians and pundits who reliably serve the interests of the wealthiest hundredth of a percent. And this reaction tells you something important — namely, that the extremists threatening American values are what F.D.R. called “economic royalists” ...
Krugman cites chapter and verse how the rational among us have been pilloried for the Occupy Wall Street movement and asks, "What's going on here? Wall Street's Masters of the Universe realize, deep down, how morally indefensible their position is … got rich by peddling complex financial schemes … helped push us into a crisis … blighting the lives of tens of millions of their fellow citizens … Yet they have paid no price."
Positively,
Carolan
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