Saturday, July 24, 2010
Sweeping Financial Overhaul!
I see some news in the financial/political world. The president signs sweeping financial overhaul into law! Good!, it's high time that there was some actual oversight and regulation to keep some of the infinite greed (what I've come to call it, see below) from destroying the country. From what I've read the only real problem is that the overhaul isn't strong or sweeping enough! The right-wingers have spent the last couple decades systematically dismantling any and all systems of sane regulation they could manage. All in the mad belief that their patron-god "the market" was all powerful, all seeing, infallible, and benevolent. None of which is true. Now systems of sane regulation need to be rebuilt. So that some of these "too big to fail" companies, and others don't manage to pull the whole country into third-world status (although for more and more of us, you know the "middle-class", the people who are working harder and harder for less and less it already feels like we're living third-world lives.). I have heard commentators speaking about what I've come to call the infinite greed. This just plain sad, sick thing where a profitable company makes say 10 million pure profit and yet acts as if it's on the quick path to bankruptcy because it really just plain wanted to make 20 million profit! I don't think the founding fathers would be at all impressed by this mad level of greed that's taken root over the last decades in certain circles. I don't know, it really seems to be like a mental illness. The people with the big-money, and power seem not to have any "meaning" in their lives so they fill the void with a endless desire for money (and more "stuff"). For a good appreciation of the ridiculousness of peoples hunger and attitudes about "stuff" there's no better resource than the great man himself George Carlin! The world is much reduced by his passing, a truly great comedian and very wise commenter on people and society.