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In the deregulated realm of US banking and finance, crime does occasionally pay for its foul deeds, not in prison time but by making modest rebates to the victims.
William Greider
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William Greider
Age: 83 †
Born: 1936
Born: August 6
Died: 2019
Died: December 25
Author
Editor
Journalist
Writer
Cincinnati
Ohio
William Harold Greider
Doe
Finance
Time
Realms
Deregulated
Deeds
Foul
Victim
Banking
Prison
Occasionally
Crime
Victims
Pay
Realm
Making
Modest
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People know elections, like television commercials, are not real.
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Children born today have a fifty-fifty chance of living to 100.
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If you think about it, Washington's overwhelming power in the world is founded on death, the awesome arsenal for killing people.
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Everyone's values are defined by what they will tolerate when it is done to others.
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Money is power in American politics. It always has been.
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Fellow senators balked at punishing Senator Alfonse D'Amato of New York though he was caught in a series of transactions that earned him the label Senator Sleaze. D'Amato explained their reluctance as he defended his own behavior. There but for the grace of God go most of my colleagues, he said.
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A newly elected representative quickly discovers that his job in government-aside from making new laws-is to act as a broker, middleman, special pleader and finagler.
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In its present terms, the global system values property over human life.
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The problem of modern democracy is rooted in its neglect of unorganized people.
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If everyone has to be a watchdog in order to make government work, then the foxes will also volunteer to serve.
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Aside from sending someone to war or to prison, government s ability to make people involuntarily give over their money is its strongest exercise of authority over private citizens and their institutions.
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If US per capita income continues to grow at a rate of 1.5 percent a year, the country will have plenty of money to finance comfortable retirements and high-quality healthcare for all citizens, including those at the bottom of the wage ladder.
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The burnt odor in Washington is from the disintegrating authority of the governing classes.
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If one benefits tangibly from the exploitation of others who are weak, is one morally implicated in their predicament? Or are basic rights of human existence confined to the civilized societies that are wealthy enough to afford them? Our values are defined by what we will tolerate when it is done to others.
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A profound political question is suddenly on the table: Must the country continue to give precedence to private financial gain and market determinism over human lives and broad public values?
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The rich nations of the world are acting like ancient usurers, lending money to the desperate poor on terms that cannot possibly be met and, thus, steadily acquiring more and more control over the lives and assets of the poor.
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The do-it-yourself version of pensions is a flop, as many Americans have painfully learned.
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Democracy is held captive, not just by money, but by ideas - the ideas that money buys.
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Maybe the reason some folks lag behind in our free enterprise system is because they depend too much on the free part and not enough on their own enterprise.
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