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

Thursday, December 04, 2014

Cops, Big Banks, Wall Street and the Rest of Us

So what do cops, big banks and Wall Street have in common?

“All three,” according to Wally, “can get away with most anything and never go to jail.”

Cops are, after all, our last best defense against total breakdown and chaos while big banks and Wall Street are the only things standing between us and total breakdown and chaos.  And because of their special status as our protectors and preservers, we tend to treat them like gods and allow them special favors and dispensations.   “In theory, that might be all well and good,” Wally recently texted to a friend, “but in reality, it is bullshit.”

Because their social roles are so important, we also tend to endow them with a kind of super human sense of wisdom and integrity.   But that is seldom the case.   Specifically, cops are charged with making our lives safe by going after the “bad guys” as they define them.   More often than not, being young and black is enough to make anyone a bad guy.  And, as we all know, bad guys get whatever they deserve.

And it a cop’s job, as they may see it, is to deal out righteous justice to bad guys.  The bankers and Wall Street traders, meanwhile, see their jobs as making a lot of money and to deal out righteous Karma to the rest of us non sociopaths who aren’t clever enough to make it big in the financial services sector.  In other words, they are rich, can hire lobbyist and lawyers and don’t have to give a shit.

“But the point is,” Wally said, during a recent indie TED event in Denver, “as long as the protectors and  preservers are never held accountable for the pain and suffering they cause, there is no reason for them to stop.”

People who have lost homes and savings and ended up declaring bankruptcy know how corrupt that system is.  But believe it or not, a lot of those barely legal and, in some cases, totally illegal financial schemes got started in black neighborhoods right after World War II.  Once perfected, spun and semi legalized, these schemes left the ghettos and are now are now feeding the fat financial and real estate sectors.  


But much like drugs, jazz and rock and roll, a lot of stuff makes it out of the ghetto and into the mainstream.   And since cops are getting away with cold blooded murder of black citizens now, might these unavenged behaviors escape the ghetto and become a scary part of your everyday life?  “It might sound a little crazy,” Wally said at the above mentioned event.  “But in a land where corporations can become people overnight, anything is possible.”

Monday, May 19, 2014

Vote Like Your Life Depends On It


At some point soon, it just might.  

Weird Wally (that would be me) didn’t get serious about blogging until 2007.   And that was about the time he got his head out of his butt and took a look around.  Something was up, but not yet obvious and Wally took to blogging to help him figure it out.  Although nothing more than an online journal, he learned to question authority, and in the process, finally started paying attention.  A lot of other people also started paying attention, but we could not believe what we were seeing.

Besides the irrational tax cuts and big bank deregulation that no one really wanted, we also saw a gigantic increase in corporate welfare, billion dollar no-bid government contracts, and a senseless war in Iraq.  And not too long before the financial crises of 2008, President Bush and other Republicans were pushing hard to privatize social security and hand the money over to Wall Street.  Fortunately, that didn’t happen.  But would President Obama be sitting in the Oval Office today, were it not for the financial meltdown of September 2008?  

For a while, we believed that our votes actually made a difference, but as Obama’s first term progressed, he didn’t stand up for much and many began forgetting what he once stood for.  Nobody from Wall Street went to jail, foreclosures continued, wages remained stagnant and the rich kept getting richer.

Meanwhile, with the help of a super-secret society, known as the American Legislative Exchange Council (ALEC), many states were busy finding ways to keep minorities, single moms, seniors and single women in general, away from the polls, and voter suppression was just a start.  ALEC also promoted cutting state taxes for large corporations, fighting unions and keeping worker wages as low as possible.

In Washington, DC, things were equally as bad.  The Supreme Court had gutted the Voting Rights Act of 1965, immigration reform stalled and in Congress, the House voted over 50 times to repeal “Obamacare” and Republican politicians cowered to talking heads like Rush Limbaugh and people on Fox News and denied that they were all just bunch of women hating racists, anyway.

But as things started getting uglier, Wally could not yet believe how ugly things already were.  Black men and women who were unarmed were getting shot by cops and regular citizens alike.  Seems like, if you shot and killed an African-American, all you have to say is, that person was “black and I feared for my life,” and if you’re white, you might just get away with it.

Even as Obamacare shows major signs of success and the president is getting his mojo back, no one from Wall Street has gone to jail and the “too big to fail banks,” continue to keep private their profits and make public their loses (by way of the tax code, monetary policy and government subsidies), I’m pissed, but will vote this November in spite of it.

Had Romney been elected in 2012, he and his administration would have ignored ALEC and its attempts at voter suppression and a lot of states would be throwing people off voter rolls unhindered.   As it is, it’s an uphill struggle. 

So if we don’t vote in November, there’s a good possibility we won’t ever have to stress about it again.  A lot can happen in only two years.  Meanwhile, keep an eye out and please pay attention, because you never know.