Gravy train I

Moral: Wherein we start a series to look at the ideological errors of capitalism as leading to trains that are gravy (for some) and to nowhere (for most).

---

First, let's recall our common basis. Well, the reality shows just how easily duped we can be.

firstbusinessx.com had on the Lehman guy (Lawrence G. McDonald) who wrote the book about the failure of common sense. He reminded us of the 'mark to market' fiasco last year where the Congress capitulated and allowed this to be relaxed.

That is, the politicos, who ,by definition, salivate when a buck is passed beneath their noses, were enticed to do this by the financial (of all types) lobbyists. Yes, indeed. Then, we got the bubble going again, and the best-and-brightest are slobbering at the thought of their fat bonuses.

We would have been better off, folks, if we had just nationalized these people's little (actually, very large) sucking pumps and had another look at the problems.

But, no, we're faced with the 'mass weapons of financial destruction' (thanks, Warren) plus there are many vehicles whose value is not known. We also know that we bailed out the people, then they have the gall to think that we ought to applaud their mania.

The guy mentioned the 'ivory tower' status of the mucky-mucks at Lehman who ruled with an iron fist, and a set of brass knuckles. Gosh, people, we got rid of the king's rule here, with its enclave of hanger ons.

Yet, now we are to allow a new class of supposedly the 'best' rule our beans (actually, eat our beans and return only flatulence)?

Let's see, that great state of Massachusetts gave the 'old Kennedy' seat to a Republican. Not that either party has anything over the other (what? they both listen to lobbyists), yet this result does bring the attention back to our mother state.

Naisbitt's opinion about China ought to give us motivation to re-look at what went down in the 1600s in good old Mass as a means to figure out how to spread the gravy (with lumps, of course) a little better.

Naturally, Harvard (Cambridge College) will have to play heavily in the discussions.

Remarks:

01/13/2012 -- A re-look at this. 

03/16/2011 -- On the rise of the professional politician (will there ever be the citizen polico? that is, those who do not salivate when a buck is passed beneath the nose) toward robber barony. The M & Ms are apropos. As well, need to bring in Schervish's viewpoint.

02/16/2011 -- Gravy train II.

01/27/2011 -- The chimera shines.

01/19/2011 -- For the most, things are dire, not by necessity.

01/03/2011 -- Ah yes, now there are demands. The question remains: what growth other than the pockets of these types?

11/02/2010 -- Over a year later, the message is the same, except some changes have occurred. But Big Ben continues in his ways. Of real note is that the jobless rate is high; out-housing really set up for that. Also, we need to re-look at that learned from the 'vons' guys, Ludwig and Friedrich. See Near Zero.

09/28/2010 -- Capitalism is for the good of us, let's bring that forward.

01/22/2010 -- We need to balance an awareness of the soup that controls synaptic activity with the fact of the wiring aspect. The use of 'neuropeptidergic' mostly reminds those who may have perfect wiring (or think that they do) that their cognitive function is more than can be be modeled by electrical circuitry.

Modified: 01/13/2012