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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
Crime
Victims
Pay
Realm
Making
Modest
Doe
Finance
Time
Realms
Deregulated
Deeds
Foul
Victim
Banking
Prison
Occasionally
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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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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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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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Democracy is held captive, not just by money, but by ideas - the ideas that money buys.
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Folks in the bottom half of the economy are already squeezed hard. They will be bloodied and bankrupt if economic policy inadvertently induces a recession.
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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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The economy is not governed with the bottom half in mind.
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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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Efficiency obliterates identity
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The problem of modern democracy is rooted in its neglect of unorganized people.
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The scandalous question that hangs over modern government and excites perpetual outrage is about political money and what it buys. What exactly do these contributors get in return for the hundreds of thousands, even millions of dollars they funnel to the politicians?
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Children born today have a fifty-fifty chance of living to 100.
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The burnt odor in Washington is from the disintegrating authority of the governing classes.
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Leaks and whispers are a daily routine of news-gathering in Washington.
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People know elections, like television commercials, are not real.
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The regime of globalization promotes an unfettered marketplace as the dynamic instrument organizing international relations.
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Everyone's values are defined by what they will tolerate when it is done to others.
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Obviously, people with low or even moderate incomes could not afford such savings rates, and even diligent savings from their low wages would not be enough to pay for either retirement or healthcare.
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The present struggle seems less about abolishing big government than about who gets to use it.
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The do-it-yourself version of pensions is a flop, as many Americans have painfully learned.
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