I’m not going to quote this article, it’s too in-depth to really paraphrase, just read it: The Rolling Stone – The Big Takeover. It’s nice to see the Rolling Stone return to some top quality journalism. Hopefully investigative journalism isn’t something only practiced after the fact now though..

The global economic crisis isn’t about money – it’s about power. How Wall Street insiders are using the bailout to stage a revolution

This is, in my opinion, almost certainly true. This is why you have high tax rates, by the way, it’s the only real way to stop these criminals from accumulating too much wealth, which then becomes power, which is then used to create new conditions to accumulate even more wealth, forming a cycle that can end only in full economic collapse, since greed knows no bounds, and will never restrain itself.

There’s a reason greed is one of the 7 cardinal sins.

And high tax rates do not mean 40%, they mean 90%. This is why, for example, Russia imposed very high oil tax rates on the oligarch’s oil companies as well, to stop the theft via overproduction of Russia’s finite resources. The sooner we begin to view these Wall Street parasites as oligarchs and non-productive, destructive, in fact, members of socieity, the sooner we will be able to restore some part of our failing system.

But one thing you can rest absolutely assured of: it will never be the same.

Also be sure to read The Asia Times recent article on AIG and the collapsing US economy and political system. I’m getting to like the Asia Times more and more, they have a distinctly cutting and non-corporate view that is absolutely refreshing nowadays.

This entry was posted on Sunday, March 22nd, 2009 at 09:50 and is filed under Our World. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.