It is remarkable how gentle democractic freedom goes into that good night, and how easily the 'reform' movements fall prey to the monied interests. They seem to get better at this sort of thing with time.
Why are we bailing out the banks? Part two. Theory, Ideology and Failure.
by Golem XIV
October 9, 2012
In part One I argued that if we want to understand why our rulers have insisted we MUST bail out the banks we simply have to look at who owns the banks and the vast bulk of the wealth they house. And surprise, surprise the owners of most of the financial ‘wealth’ are…our rulers and their friends.
I ended by suggesting that true though I felt this was, there were also theoretical reasons why some people felt the banks must be protected at all costs -as long as the burden of paying that cost was placed firmly upon the backs of the little people, you understand...
Read the entire essay here.