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March 21, 2010

Today's Must-Read

-- by Dave Johnson

Long, and worth the time: What's It Going to Take to Make the Bastards in Finance Pay? Excerpt:

There is no arguing that there is no greater method of creating economic growth than capitalism. Even Marx had no qualm with that. But growth is like crack cocaine for bankers and economists, both of which see the world purely in terms if wealth accumulation and production. For we who do the producing (or once did the producing back when workers were still considered a necessary evil)the truth is that American capitalism is like a wine press. It squeezes the masses for the money representing their productivity, in a process otherwise known as the virtual economy. A few people in the virtual economy become multi-millionaires. The rest of us pay the freight financially, socially and ecologically.

Posted by Dave Johnson at March 21, 2010 7:41 AM


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