Monday, February 02, 2009

Gekkos and Greed

Greed: -noun "excessive or rapacious desire, esp. for wealth or possessions."

Gekko: - ie: Gordon Gekko, character in the movie "Wall Street" who said:
"Greed, for lack of a better word, is good"
On Wall Street today, we are seeing fiction become fact. Not just unrestrained greed, we've always had that. But what we have is unrestrained greed as the ship is sinking.

Consider this metaphor:

A rich man is on the deck of the Titanic, ready to jump into the water and swim to a waiting lifeboat. A crew member hands him a life vest instead of a young woman with a child. Before he jumps into the sea, he fills the life vest with gold coins and jewels he got from the ship's safe. He jumps overboard with a suitcase and pockets filled as well.

The CEO's of financial institutions are like our foolish man overboard. They see disaster ahead and before all else, with concern for no one but themselves, they fill their suitcases and pockets with gold and jump. But this time, rather than sink to the bottom of the Atlantic, these Gekkos land IN the lifeboat. Our government gave them the gold and made sure that before anyone else, before any of the regular passengers could be saved, these Icons of Corporate Rape are assured a place of safety and security.

Believe it or not, we've seen this shit before. History is a bitch. If you refuse to learn from it, it will sneak up behind you and kick your ass. Think back to the heady days of the late 1800"s. We had just gotten over the Civil War and were getting our industries started. Immigrants from all parts of the globe were streaming into the US to work for a pittance but much more of a pittance than they were making back home. The great industrial giants raked in the ducats and became the modern American Rich. Names like Carnegie, Vanderbilt, and Morgan gave rise to the myth of the common man making good, when in truth they were just robber barons. They controlled the government and made policy. This lasted into the early part of the 20th Century until the shit hit the fan.

A lot of historians can point to different watershed events, publication of the book "The Jungle' by Upton Sinclair, the Triangle Shirtwaist Fire, the massacre of Wobblies (IWW workers) at different places across the country. But, for me, it all spells out quite clearly that the common folk got schooled. They had been kept in the dark for more than 50 years by the Corporate Giants and finally had enough. Add to that a new World War, a flu epidemic and a financial collapse. Starving people have a way of causing a ruckus.

Well, now we have an economic collapse not seen since the days of Herbert Hoover, perhaps earlier. After eight years of servicing by the Bush administration, our Gekkos have convinced Congress to give them a bailout and have raked in hundreds of billions in ill gotten booty. This unadulterated orgy of consumption could only last so long. Warnings and pre-shocks of impending disaster were seen as early as 2001 when Enron and Global Crossing started to fail. Soon, we started seeing corporate giant after corporate giant fall or be consumed by another up and down Wall Street. It was a financial mass extinction as the old Wall Street was being replaced by new and more devious creatures. However, like the little mammals and lizards who watched the Great Chicxulub (Yucatan) Impact of 65 million years ago, we are seeing a pending horror approaching us quickly and can do little to stop it.

But first things first, we may have to let the big dinosaurs die off to rebuild this world the way we need. They are doomed, the great corporate giants are history. We watch and listen but all we hear is how much they earn or how much they've taken from our pockets. This isn't chump change, this is the only resource we have to rebuild and clean up the mess these bastards left for us. I can't stand by and allow them to rape and pillage the country as we sink into the sea.

Let the Gekkos drown, save the real people. Otherwise, there will be no one left to bring the country back from the Deep.

Because as I said earlier, starving people have a way of causing a ruckus.

So Mote It Be,
David A.

1 comment:

nunya said...

Thanks for the link :)