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Middle Age Serfdom = Democracy + Lobbyists

Submitted by Meg Wilson on September 27, 2008 - 19:27.

For anyone trying to understand what has just happened to American capitalism, and what this economic catastrophe implies in the near future to us and our children, we'd highly recommend listening to an NPR radio show where (the Pulitzer Prize winning New York Times reporter) Gretchen Morgenson (photo left) explains what is happening behind closed doors in Washington right now regarding a taxpayer bailout of a free-wheeling Wall Street decade-long party of unregulated (thus legal) crime.

It's hard to believe, but in the heyday of the last few years, these Wall Street alpha male Kings and Lords (along with their several hundred Knights) were making about 6% of the total wages taken in by all the millions of Americans. Now, US citizens, without representatives to speak for them are being asked to clean this up (all while powerful bank lobbyists - fed by the smooth brown envelopes from the Kings and Lords - dance with the congressmen they've been generously feeding in the inner chambers, and politely but forcefully call in their perpetual dues).

It's going to cost over $12,000 for every family of four. And that's just the very beginning...

Listen to The Wall Street Bailout: A Conflict Of Interest?


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