Chuck Grimes wrote: > I don't know. It sure makes sense to me, as long as I believe the people > running banks and their elite customers really don't care what happens to > the rest of us. I have to believe they have no long term vision at all. I > have to believe they believe they are immune to destruction.
right: Most of the financial elite feel really powerful, since they are the ones who survived 2008, received a big government bail-out with no strings attached, and assume that they're going to be bailed out in the future. This encourages arrogance and a narrow-minded greed, with little or no view of what's good for the financial class as a whole or for their long-term fate. The exceptions are people like Soros and Buffet, but they're exceptions. They don't expect to be hurt by austerity and high unemployment (since they won't suffer from them), while if it does anything, they see inflation as hurting them. > The other explanation is that austerity is a deliberate policy to take over > government services through privativization, forcing government to sell off > its lands, institutions, etc that can then be converted to profit making > works of some kind. right again. -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
