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Edited on Wed Mar-30-11 04:09 AM by Solly Mack
Politicians would much rather people believed them idiots than see them as thugs.
Same with Wall Street.
Also, there's class snobbery at play.
A common street thug who picks your pocket is somehow worse than the college educated financier that does the same. Money (power of office/power itself) as the coin that, somehow, buys integrity and the inability to act wrongly with the worst motives. You know, the "good intentions" excuse...
When you speak of unchecked corruption within an institution - such as government or banking/investing - then you're talking the possibility of corruption being built in by those who benefit the most from it... and if so, then the system itself is corrupt. Well, if the system is corrupt then there's no equality, no justice, and no "dream" to aspire to....because the system is rigged. Well, there goes trust in the institution.
But....if something bad or even horrible is caused by someone's incompetence...then there's somewhere to place the blame and it's not at the system. Of course, if they're white collar incompetents then they had the best of motives and were simply wrong. They weren't criminal, you see...merely mistaken. (and everyone makes mistakes, right?) Fire them or maybe even give them more training....but don't regulate the system.
Sure, every now and then someone goes to prison - perhaps they were too blatant in their greed. Too much exposure. Perhaps an example is demanded to take the heat from the whole. To give the impression that something is being done. Problem solved!
The fox and the hen-house....a fox guards the hens, but then steals and eats a hen, and the elder foxes passes judgment on the erring fox. The hens must retain trust in their guardian fox. Otherwise the hens might question why a fox, who steals and eats chickens, is supposed to be guarding them. The elder foxes tell the hens that the fox was acting with the best of intentions and thought that by removing one hen, the other hens might have more to eat, which would increase fertility, creating more hens, which is an increase in production and that trickles down to everyone. The elder foxes explain that the guardian fox didn't understand that stealing and killing the hen would harm the hen-house community - he was just trying to help. Is helping others a crime? Is trying to protect others a crime? Is just doing your job a crime? Of course not! Let's not criminalize politics being a guardian.
So the hens see that the other foxes all agree that the guardian fox made a mistake, was incompetent - so the guardian fox is removed and another fox takes his place. Accountability is served and the hens are hopeful. The dismissed fox returns to the elders as one of them.
But if the actions of the fox are seen as criminal then the fox needs to be arrested and prosecuted...and the entire system of foxes guarding hens comes into question.
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