From @mtaibbi, a Christmas message from Wall Street | #classwarfare #uspoli

Apparently, we’d all be in much better shape if the poor were as motivated as Steven Schwarzman is to make America a better place.

But it seems to me that if you’re broke enough that you’re not paying any income tax, you’ve got nothing but skin in the game. You’ve got it all riding on how well America works.

You can’t afford private security: you need to depend on the police. You can’t afford private health care: Medicare is all you have. You get arrested, you’re not hiring Davis, Polk to get you out of jail: you rely on a public defender to negotiate a court system you’d better pray deals with everyone from the same deck. And you can’t hire landscapers to manicure your lawn and trim your trees: you need the garbage man to come on time and you need the city to patch the potholes in your street.

And in the bigger picture, of course, you need the state and the private sector both to be functioning well enough to provide you with regular work, and a safe place to raise your children, and clean water and clean air.

The entire ethos of modern Wall Street, on the other hand, is complete indifference to all of these matters. The very rich on today’s Wall Street are now so rich that they buy their own social infrastructure. They hire private security, they live on gated mansions on islands and other tax havens, and most notably, they buy their own justice and their own government.

Matt Taibbi plays his violin for the poor, victimized, super-rich of America. The sociopathic ways they behave, their parasitic and corrupting effect on civil society, and their open contempt for everyone else … of course, there aren’t any lessons for Canada in any of this.

Nor could we possibly see any of this in terms of class, because of course, this is America, where anyone can make it to the top if you just work hard enough. Bootstraps and all that.

(Say the C word, Matt. Come on. You can do it.)

(h/t Edstock at The Galloping Beaver)

Related posts: