Dream of the Dragon

Tag: economy

On Unrealistic Idealism

by Justin

It’s become more and more apparent to me that the extreme polarization of politics in this country isn’t only among the politicians, figureheads, lobbyists, talk-show hosts, whatever – it’s grassroots, too. Sure, the liberal extreme will never match the fevered fanaticism of the Tea Party. That sort of militant (as in gun toting) ignorance lends itself better to insane slogans and rallies than the so-called informed opinions of their liberal opponents. But both camps seem incapable of listening to one another. More importantly, neither side understands the way this country works.

Extremism has its place in politics. It’s useful to demand impossible degrees of excellence, because otherwise the eventual compromise would be laughably insufficient. Read the rest of this entry »

Silver Lining

by Justin

New tradition. The onslaught of terrible news, certainly not a new trend but one into which I’m newly tuned, started to murder my morale. So Saturday will feature a unique weekend-review mission: to identify the bright side of the darker stories of the week. These are specific headliners that dragged me down with their revelations of dishonesty and general badness. The weather’s doing its summer dance, people are generally happier, and why should the news do its best to battle that? Answer: because the world is full of reckless, ignorant, and greedy people. But I’ll do what I can to tread the air above the din for at least one day of the week. Here we go.

Tower of Babel.

by Justin

It’s cool, you know, because at the end of the day they’re really not that smart. Sure, the CEO gets paid $70 million and helms a labyrinthine behemoth of a corporation famed for recruiting the brightest stars in the financial world, but how could you expect him to understand the market? I mean, what reason does the public have for assuming that one of the only entities to profit from the recession did so by the grace of more than just chance?

This is blowing my mind. You plead ignorance? Blankfein played dumb as Senators challenge the ethical decisions of Goldman Sachs and argues that the company practiced exploitation and deliberately misled its clients. I don’t have the expertise (or anything close to it) to attack this monstrosity head on. In fact, the Senate Permanent Subcommittee on Investigations, for all its righteousness seems to be equally baffled by the Goldman defense of its actions. Jon Tester, Democrat from Montana, summed it up by saying, “It’s like we’re speaking a different language here.” Read the rest of this entry »