The corruption of the ruling class is complete. There is virtually no one in a position of power in Washington DC or in NYC that can change our path to destruction. The psychopaths are in charge and they will lay waste to the land and destroy our country before they are done. Jesse captures the essence of the corruption in this piece.
“I’m a very firm believer that a liar is a cheat and a thief and a crook. I don’t like liars. I never lie. I always told my own child, “If you murder somebody, tell me. I’ll help you hide the body. But don’t you lie to me.”
“We don’t pay taxes. Only the little people pay taxes.”
Greg’s talk is excellent, and thanks to C-Span the video quality is good.
Speaking of excellent essays on corruption, Yves Smith has written a wonderful piece titled, Jack Lew’s Grotesque Citi Employment Deal and the Institutionalization of Corruption.
Although it is important to understand that they would be shocked and insulted if you used those words to describe what they are doing.
Through a long indoctrination that starts sometimes in their families, but is most often affirmed in their schools and with their circle of friends, they learn to rationalize this sort of selective moral behaviour not as immoral but as ‘the entitlement of success.’ There are one set of rules for themselves and their friends, and another set of rules for the rest.
This is what Glenn Greenwald calls ‘justice for some.’ Or even earlier what George Orwell captured in the slogan, ‘Some animals are more equal than others.’
And just to be clear on this, the tragedy is not that the Democrats are corrupt. The tragedy is that the Democrats learned that they could become as servilely corrupted by Big Money as the Republicans, and that it rewarded them very well in terms of political power.
“A credibility trap is a condition wherein the financial, political and informational functions of a society have been compromised by corruption and fraud, so that the leadership cannot effectively reform, or even honestly address, the problems of that system without impairing and implicating, at least incidentally, a broad swath of the power structure, including themselves.
The status quo tolerates the corruption and the fraud because they have profited at least indirectly from it, and would like to continue to do so. Even the impulse to reform within the power structure is susceptible to various forms of soft blackmail and coercion by the system that maintains and rewards.
And so a failed policy and its support system become self-sustaining, long after it is seen by objective observers to have failed. In its failure it is counterproductive, and an impediment to recovery in the real economy. Admitting failure is not an option for the thought leaders who receive their power from that system.
The continuity of the structural hierarchy must therefore be maintained at all costs, even to the point of becoming a painfully obvious hypocrisy.
The Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustainable recovery.