How We Got Swindled by Wall Street Godfathers, Greed and Financial Darwinism

[Donnachaidh]

http://www.howwegotswindled.blogspot.com/

How We Got Swindled by Wall Street Godfathers, Greed and Financial Darwinism now has a foreword written by David Satterfield, who has 2 Pulitzers and formerly was the Business Editor of the Miami Herald. In the foreword Satterfield points out that Financial Darwinism means - "survival of the richest," and you should remember the social varitey was "survival of the fitest," according to Herbert Spencer the 19th century Brit philosopher who provided this core ethic which led to the Great Depression.

For the past 30 years survival of the richest the core ethic of Financial Darwinism has been the driving force behind the deregulation of greed and the devaluation of ethics. And at the same time the ultra rich have created a support group of lobbotomized pawns culminating in the Tea Party (and a host of other Republicans) - who signed a pledge of allegiance to Norquist and have placed their pledge to him above their pledge of allegiance to the United States. So all the "Pledgers are even against raising taxes for incomes above $500,000 and apparently regard removing subsidies for big oil as raising taxes. Let's try to remember taxes are also revenue, and when so many jobs have vanished, many of them due to the survival of the richest ethic, tax from income is down and committments continue.

There is, of course a way to decrease expenses - like unnecessary wars, and even unresponsive government programs, in addition to waste. But when middle class income has been flat for so many years and CEO income has geometrically gone through the roof there are glaring inequalities that have been manipulated into existence by the war being conducted by Financial Darwinists against the middle and upper middle class.

So the conversation is now all about the deficit, and not how to grow jobs and the economy. And Americans do not really understand how we arrived at this point in time, because many have allowed themselves into being fooled that deregulation was to get the government off their back - nuts, because it gave the Financial Darwinists the freedom to operate without any restrictions to greed.

More at the link --

[Ruby the Liberal]

1. Excellent article. k&r

[Emelina]

2. Psychological profile of the corporate elite.

http://www.youtube.com/watch?v=_MZCHjGkTPg&feature=related The video mostly speaks of politicians but also touches on corporate leaders as well.

I would hope, although I know it is an impossible dream, that the video "Inside Job" narrated by Matt Damon would be shown in every high school economics and government class in the nation. However, I realize that most schools do not actually teach economics, and if they so they teach how wonderful corporations are in delivering our goods and services. Once people wake up, and realize that we are being run by people who should be undergoing treatment in mental wards, we may actually see some positive change.