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The Assumptions of Bankers Prove Utterly Absurd | 5 comments (5 topical, editorial, 0 hidden)
Re: The Assumptions of Bankers Prove Utterly Absur (none / 1)
Too many people think they have the right to become obscenely rich manipulating electrons.

I thought the main use of fossil fuel was to move electrons around, a.k.a. electricity production?

by GreatZamfir on Thu Jan 31st, 2008 at 06:58:45 AM EST
Re: The Assumptions of Bankers Prove Utterly Absur (none / 1)
you can get rich rubbing ballons on wool?

Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Thu Jan 31st, 2008 at 07:04:04 AM EST
[ Parent ]
Re: The Assumptions of Bankers Prove Utterly Absur (4.00 / 2)
What for we are doing things? What is appropriate or what is not?

One hidden assumption is that common good can be taken for granted. It is either guaranteed by the "invisible hand", or it will be fine anyway, as it (presumably) ever was in the previous history.

The sacred thing in today's capitalist ideology is competitive advantage - it shall not be diminished by any help to "loosers", it shall not be regulated. It can only be at mercy of "innovation" chaos. It is a special kind of Darwinian understanding - the world belongs to the fittest, and god forbid to harm their well-being. In a nutshell, that is the deep anti-social ethics: the pain is measured by the privelege status, or by the amount of material or financial cost. As Barbara Bush said of Katrina victims, "And so many of the people in the arena here, you know, were underprivileged anyway, so this is working very well for them." They did not loose as much as Trent Lott!

The newest example: NRO Corner comments on the last Republic Debate:

Yeah, Senator, That's the Problem   [Andy McCarthy]

McCain: "There are some greedy people on Wall Street who need to be punished."

Is he our guy, or what?

by das monde on Fri Feb 1st, 2008 at 01:07:18 AM EST
[ Parent ]

The Assumptions of Bankers Prove Utterly Absurd | 5 comments (5 topical, 0 editorial, 0 hidden)
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