A couple
of weeks ago, Princeton and Northwestern released a
very important study that proved statistically what many of us
already knew about the American political process. It is nothing more than an
oligarchy.
A recent
review in the New York Times of Massachusetts Senator Elizabeth
Warren’s new memoir “A Fighting
Chance” recalls a stunningly despicable quote by Summers. In the spring of
2009, when the banker handout, I mean bailout, was a heated topic of discussion,
Elizabeth Warren attended a dinner with Mr. Summers who at the time was the
director of the National Economic Council and a top economic adviser to
President Obama. This is what transpired:
After dinner, “Larry leaned back in his chair and offered me some advice,” Ms. Warren writes. “I had a choice. I could be an insider or I could be an outsider. Outsiders can say whatever they want. But people on the inside don’t listen to them. Insiders, however, get lots of access and a chance to push their ideas. People — powerful people — listen to what they have to say. But insiders also understand one unbreakable rule: They don’t criticize other insiders.
What is
so incredible about the quote above is that it essentially proves correct
everything I and many others have been saying about how “things work” in America
these days. The statements above describe a petty, childish oligarchy of
arrogant fools. This small club of people call all the shots and do not listen
to “outside” ideas whatsoever. This is why nothing changes. This is why the same
people are recycled through positions of power over and over again no matter how
badly they screw up and how many millions of lives they ruin. This is why there
is a two-tiered justice system in which the rich and connected never go to jail,
while the average citizen can have his home raided
by police for a parody Twitter account. This is why the
0.01% have been able to loot all of the nation’s wealth while
median inflation adjusted wages have been declining
for 40 years.
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