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Showing posts with label economics. Show all posts
Showing posts with label economics. Show all posts

28 December 2011

Shakespeare on the OWS movement

Coriolanus, Act I, scene i:

Menenius: What work's, my countrymen, in hand? where you go
With bats and clubs? The matter? speak, I pray you.

First Citizen: Our business is not unknown to the senate; they have had inkling this fortnight what we intend to do, which now we'll show 'em in deeds. They say poor suitors have strong breaths: they shall know we have strong arms too.

Menenius: Why, masters, my good friends, mine honest neighbors,
Will you undo yourselves?

First Citizen: We cannot, sir, we are undone already.

Menenius: I tell you, friends, most charitable care
Have the patricians of you. For your wants,
Your suffering in this dearth, you may as well
Strike at the heaven with your staves as life them
Against the Roman state, whose course will on
The way it takes, cracking ten thousand curbs
Of more strong link asunder than can ever
Appear in your impediment. For the dearth,
The gods, not the patricians, make it, and
Your knees to them, not arms, must help. Alack,
You are transported by calamity
Thither where more attends you, and you slander
The helms o' the state, who care for you like fathers,
When you curse them as enemies.

First Citizen: Care for us! True, indeed! They ne'er cared for us yet: suffer us to famish, and their store-houses crammed with grain; make edicts for usury, to support usurers; repeal daily any wholesome act established against the rich, and provide more piercing statutes daily, to chain up and restrain the poor. If the wars eat us not up, they will; and there's all the love they bear us.

26 October 2008

He's baaack!

After an extended absence, I have returned (hopefully my "follower" will be well pleased; I have a "follower" - I have to be careful I don't develop a messiah complex).

For my loyal fan, my absence was not the result of illness, vacation or any other cause than that I am fundamentally lazy. There's certainly enough "crap" going on right now to raise my ire.

For example, this so-called bailout of Wall Street. I was excited when the House quite properly voted the first incarnation down; but realized it was business as usual when they approved the Senate's version, which added $150 billion in pork and ill-considered incentives.

Had the loyal opposition any backbone or guiding philosophy other than getting re-elected, Congress would have shelved any comprehensive scheme to aid the economy until we knew who would be in the White House come January and what kind of majorities the Dems would enjoy in the House and Senate. In the interim, they could have put a moratorium on foreclosures and, perhaps, granted a small measure of funds to shore up the worst-off investment banks. The latter was floated by Schumer (I believe) but disappeared in the panicky frenzy to be seen as doing "something."

Instead, Congress handed the most incompetent, most corrupt, most power-hungry administration since the Reagans were reading their Tarot cards $700 billion and carte blanche to do anything it wanted with it.

Words continue to fail me.

Speaking of incompetence and corruption, I direct my reader to October 23's Tom Dispatch by Michael Schwartz, Iraq in Hell.

15 June 2008

More Moyer's Mania

Just wanted to recommend another episode of Bill Moyer's Journal. Specifically, June 13's show, which featured Steve Fraser and Holly Sklar discussing the second Gilded Age and the continuing degeneration of the American middle class.