December 14, 2006
The Death of Greed
Actually, it's not the death as much as it is a new awareness of greed and a realization that income distribution under the Republicans is a large part of the reason for their losses in November.
Things are going to get worse for them. Krugman tells why, as well has giving an excellent background on what's wrong with income distribution in the US. His tone is over negative in that things are already changing... the elections, for one, will long be perceived as a major shift in power. You're watching the end of the 80's, at long last.
Ivan Boesky spent a lot of the 80's talking about how good greed was. He was wrong. Greed focuses people on short term gains at the expense of longer term profits and stability. That's about to change. It's worth noting that Warren Buffet was one of the leading voices against the 'greed is good' philosophy of the 80's. Even then, he was among the richest Americans. Now, he's the second richest American. It's worth noting that this died in the wool capitalist spoke out against the Republican tax cuts that have played such a significant role in retarding income growth in the US.
There is a rising level of unionization in this country which is, on balance, a good thing. There's also a realization by the vast majority of the people in this country that they got fucked. That's why Bush's numbers haven't rebounded and won't... provided the Democrats do what they are supposed to do and NEVER let Bush take credit for the inevitable success. They must have a unified communications effort and they must step all over the President at every turn.
In fact, the public perception needs to be that this country is being run from Congress. Bush clearly can't do the job.
Posted by mcblogger at December 14, 2006 01:13 AM
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