In case you’ve missed it, there’s a financial crisis going on right now in these Untied States. Biggest one-day stock market loss since 9/11. Biggest business failures in the financial houses since 1929.
This Amoeba’s been hearing a lot this morning about how We the People are being fleeced by greedy tycoons and failed regulators and yadda yadda yadda.
But I was just thinking:
How did these major financial institutions get into such hot water?
Wasn’t it because We the People, holding stock and retirement plans and all these other miracles of modern personal money management (not including yours truly, at the moment my major instrument of high finance is a bus pass, but … another time), were insisting that these firms deliver unrealistic annual returns, or else?
How did we get into such an energy mess?
Wasn’t it because We the People said “screw that tiny Toyota, I need a Hummer”?
How did we get this so-called “education gap” that is now sold as the principal reason why the rich get richer, and the poor get swept off the beach?
Wasn’t it because We the People refused to tax ourselves so that we could provide a public education system that actually works? Like the ones in China, Japan, Germany …
How come we let all this stuff blindside us?
Wasn’t it because We the People refused to pay for real news coverage, preferring to lavish money on the National Enquirer and Dancing With The Stars?
Mirror, mirror, on the wall …
– O Ceallaigh
Copyright © 2008 Felloffatruck Publications. All wrongs deplored.
All opinions are mine as a private citizen.