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Capitalism Will Eat Itself

Merrill Lynch: numm, numm, numm. Lehman: nibble, nibble, nibble. Fanny Mae: chomp, chomp, chomp.

Greed greed greed: dig in, dig in, dig in... All you can eat until you disappear down your own profit motive.

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(Image the Red Baron, whoever the fuck he is)

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And in France a real contender in the next election is The Anti-Capitalism Party. Good on 'em. Drive as many tractors as you want into McDonalds...

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Mind you, I've done pretty well riding on the profit motive wave myself, but the downright evil-doings of those who dreamt up the short-term gain pyramid scheme of the Sub-Prime Mortgage disaster have set the world up for the next Great Depression.

Libertarians and right-wingers will say it was because there was too much regulation and legislation. I say, the world and the people know better.

Government is the only power, gives the only voice that people have against rampant corporate greed. Regulations and control, check and balances, are the way to rein in the saurian stupidity of the self-interested corporations. (Not counting the Bush Corporation/Government of course.)

John Raulston Saul said this, I'm saying this, Paul Krugman says this.*


Peanuts Strip in ST today says:

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E@L

(Only an egoist like myself would put my name in their company, but, you know, it's my blog.)

MORE...


Posted by: expat@large on Sep 16, 08 | 2:37 pm | Profile


OTHER MONKEYS SAID



There is nothing wrong with pandering to your own ego...its kind of like those Investment Banks pandering to their own deluded belief in the subprimes...just be careful you don't eat yourself :-)


Posted by: Indiana on Sep 16, 08 | 4:10 pm

WOW E@L, your are now diving into the commentary world of global banking and finance. New resume entry?


Posted by: HKSNG on Sep 16, 08 | 10:54 pm

Indy: I've leave THAT to the experts.

HKSNG: Yes, open a new tab on JobsDB for me: I have this immense knowledge of world economics and global finance - I read The Black Swan (mostly, until it got too repetitive).


Posted by: expat@large on Sep 17, 08 | 12:23 am

Relax. The fundamentals are sound. McCain said so. And Sarah is going to clean up Washington and Wall Street.


Posted by: Dick on Sep 17, 08 | 12:55 am

and following mah darlin dicky's train of thought...

and i have a bridge to sell, sugar...

xoxoxo


Posted by: savannah on Sep 17, 08 | 2:51 am

And George Soros said it this morning. Deregulation is the reason... as AIG now needs a bailout from a bankrupt goverment. Who next? Everyone? It's Russian roulette with the world's finances. Let's keep pulling the trigger - the last 5 chambers have been empty, so odds are the next one is as well, right...

The turkey loves all his attention and good food. Life is great, this is going to keep up for ever, right? Hey it Thanksgiving next week, I wonder what special treat my kind master will give me?


btw, Sarah can see Russia from her living room!


Posted by: expat@large on Sep 17, 08 | 2:52 pm

Sarah can suck my.........

Market is now down 900 points cumulative......."Its only a loss if you sell."


Posted by: Skippy-san on Sep 18, 08 | 6:57 am

It's just panic selling.


Posted by: Dick on Sep 18, 08 | 12:11 pm

Ergo: You only sell at a loss if it's a panic?

Not me, I can lose my money in cold blood...


Posted by: expat@large on Sep 18, 08 | 12:39 pm


THIS MONKEY SAYS




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