STOCK MARKET WATCH -- Friday, 5 October 2012

[bread_and_roses]

23. WOW - Daring! Innovative! Almost Revolutionary!!!

Do I need the sarcasm emo?

The problem is not that the rich are venal or immoral, and I buy into the Chinese mantra of the reform era: “To get rich is glorious.” But today’s level of inequality is unusual by American historical and global standards alike, and, as Stiglitz notes, evidence is mounting that inequality at the levels we’ve reached stifles growth and employment.

Sorry, but if you subscribe to "to get rich is glorious" you do NOT subscribe to an egalitarian and sustainable society. The two are mutually exclusive.

As I see it, the best way to create a more equitable society wouldn’t be Robin Hood-style redistribution, but a focus on inner-city and rural education — including early childhood programs — and job training. That approach would expand opportunity, even up the starting line, and chip away at cycles of poverty. If the cost means forcing tycoons to pay modestly higher taxes, so be it. The economy wouldn’t suffer.

Oh, please. Education for what? Job training for what jobs? The Oligarchs don't need us to be educated to live in the Company Barracks, owe our soul to the Company Store, and by our sweat and tears make them richer - which is all they want, as we can plainly see.

And as if we hadn't been hearing just this "prescription" for LO! These many years! That Quisling Clinton prescribed the same while he was making sure that our jobs would be off-shored and out-sourced.

The pro-forma kow-tow to the gloriousness of the rich and the timid "solutions" - he can't even say plainly "welfare for the rich." He has to convolute it into "the plutocratic version of welfare."

And seconding Demeter on the trivialization of suffering and deprivation and ruined lives into "toys."

I shouldn't let such idiocy enrage me so, but it does. Think I'll go put some chant on and regain some balance.