General Discussion
In reply to the discussion: Robert Reich: The Wall Street Scandal of All Scandals [View all]sabrina 1
(62,325 posts)Thanks for the links, people need to know all of this, but so far as I know, our MSM has not gone into much detail about the impact of this corruption on the average person around the world. I don't think they will frankly.
I imagine that when these facts filter down to ordinary people, OWS is likely to grow rather than 'die' as the far right would like to see happen.
News reports that just talk about 'another bank scandal' and refer to 'libor' and 'interest rates' will not capture the public's attention. This story needs to be written in language that is understandable to the average person who is not an economist.
I will always remember the scene in Michael Moore's 'Capitalism, A Love Story' where he talks to a Wall Street guy in NYC and asks him to explain 'Derivatives'. As he listens to the explanation, his eyes glaze over and he finally asks: 'Does Wall Street hire guys like you to come up with a language that the public won't understand'? The answer was 'yes'.
Since then I have made it a practice to decipher that language but sadly our Media continues to speak in 'Wallstreet' so that most people never really understand what is going on.
We should assign someone to translate all of this into plain language and distribute it everywhere imo.
Thanks again for the excellent links.