Friday, March 20, 2009

Bailout or Takeover?

From the great Matt Taibi, writing for this week's Rolling Stone:

People are pissed off about this financial crisis, and about this bailout, but they're not pissed off enough. The reality is that the worldwide economic meltdown and the bailout that followed were together a kind of revolution, a coup d'├ętat. They cemented and formalized a political trend that has been snowballing for decades: the gradual takeover of the government by a small class of connected insiders, who used money to control elections, buy influence and systematically weaken financial regulations.

1 comment:

Michael Morrison said...

It is just infuriating to read such nonsense: You people have things just exactly backward.
Have you, CAN you, consider that if there were not such a powerful agency, known as "government," trying to own and/or control every thing and every person, those "connected insiders" would have nothing to which to be "connected"?
Exert yourself and consider that a free society of free individuals doesn't have to live in fear of "connected insiders."
Free markets and free minds -- there is a goal for you to consider.