tag:blogger.com,1999:blog-35117130.post5304099416244277875..comments2024-03-28T19:18:40.387-04:00Comments on Northern Reflections: How Little WisdomOwen Grayhttp://www.blogger.com/profile/06464860078574618579noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-35117130.post-65613229514956240892011-07-22T09:58:55.117-04:002011-07-22T09:58:55.117-04:00It's an old story, isn't it? Take the mone...It's an old story, isn't it? Take the money and run.<br /><br />And they could get away with it -- unless ordinary people, like those in Greece, take to the streets.<br /><br />If the Arab Spring illustrates anything, it's simply that things can turn on a dime -- and it can all disappear very quickly.Owen Grayhttps://www.blogger.com/profile/06464860078574618579noreply@blogger.comtag:blogger.com,1999:blog-35117130.post-91108118096714714462011-07-22T09:19:58.665-04:002011-07-22T09:19:58.665-04:00You can see how their behaviour makes sense to the...You can see how their behaviour makes sense to them on a short-term basis, and, to a lesser degree, on a long-term basis.<br /><br />Short-term, they need to put more money into the pockets of ordinary US-Americans. But in the present circumstances, that will mean money out of their super-profits.<br /><br />If they can't rig an economic ponzi-scheme to create fake wealth for everyone, they'll simply take what they can get from government bail-outs and home seizures and social security cuts now.<br /><br />Long-term, more money for workers would mean more domestic job creation, which will, in the long-term, increase the bargaining power of US-American workers, which will be detrimental to the elites' long-term interests.<br /><br />So, if the whole thing goes down, they'll take what they can in the short-run and hope the collapse hits after they've died.<br /><br />"We're rich old white men,<br />And we don't care,<br />What happens forty years from now,<br />'Cause we won't be there!<br />Unh!"thwaphttps://www.blogger.com/profile/15399550285738440669noreply@blogger.com