Thursday, August 13, 2009

Nonsense

One of the bigger wastes of time throughout this whole economic downturn has been wringing our hands re: "how can Wall Street be so damn greedy!!" with their risky market plays and outrageous bonuses. "How can they grab such huge bonuses?? That's greedy!!" we all scream.

Please. If you were told you could be paid double for your job starting today, what would you say? "No, I'd rather not, that sounds greedy"? Of course not. Yet we're dreaming that somehow we can guilt or shame people whose entire livelihoods is based on raking in as much money as possible to "do the right thing." This is what happens when you de-regulate things in the name of "the free market" as much as possible - you end up hoping for some sort of Honor System to kick in amongst a group of Gordon Geckos. All, of course, with the dreams that someday YOU will be Gordon Gecko.

Shit's silly. The only thing that will stop this shit from happening again is as much government regulation as possible. Yes, I know such thinking will outrage all of you making $30k/year who are desperate to give billionaires the chance to gamble away your house in the name of "the government needs to stay outta my business/let me keep my guns," but you don't drive the speed limit because you've decided it's the right speed to go and is what's fair to other drivers, you do it because you don't want to get a ticket. Period.

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