Wow. Two ZH links in one morning. Good stuff.
1. When the system enables fraud, collusion, misrepresentation of risk, moral hazard (the separation of risk and gain) and embezzlement, then it also rewards them. When breaking the rules in a systematic fashion garners huge rewards in wealth and power while playing by the rules dooms one to lower returns on the same investment of labor and capital, then the system itself is thoroughly, totally, completely, hopelessly corrupt.
Since America has enabled financial fraud, embezzlement etc. on a systemic basis, America itself is thoroughly, totally, completely, hopelessly corrupt. There is no other logical conclusion.
2. When the rule of law is routinely bypassed, flouted, negated or simply ignored without triggering uniformly applied consequences, then the system is thoroughly, totally, completely, hopelessly corrupt. Since America’s financial and political Elites have routinely bypassed, flouted, negated or simply ignored the laws governing mortgages, finance, insider trading, etc., actions that would lead to an average citzen’s arrest, indictment and routine conviction, then we must conclude that America itself is thoroughly, totally, completely, hopelessly corrupt. There is no other logical conclusion.
There are thus two distinct problems. The system, though nominally legal, is corrupt. The financial and political Elites (the Power Elites, or the Plutocracy) as a matter of course are not bound by the same laws that control the non-Elite citizenry.
Is it any wonder than the average citizen has surrendered their autonomy, independence and will to resist in such a pervasively corrupt society and economy? No wonder the average American is busy extending and pretending, remaining passive, quiet and complicit in the corruption. Why put my slice of the swag at risk when everyone else is getting away with perfectly legal looting, illegal but “enabled” predation and unparalleled financial parasitism enforced by the Central State?
But hey, there’s going to be quite a battle of gladiators in the Coliseum tomorrow, and free bread will be distributed before the entertainment extravaganza.