The Jaded Prole

A Progressive Worker's Perspective on the political and cultural events of our time.

Monday, October 08, 2012

Un-Mittigated Greed

Great article in the new New Yorker Magazine called, Super-Rich Irony describing the organization of ungrateful hedgefunders supporting Mitt Romney, Interestingly noted is that, economists Emmanuel Saez and Thomas Piketty have found that 93% of the economic gains from Obama's policies over the last year went, not surprisingly to 1% of the wealthiest. Of that, the even richer 0.1% got 37% of it. The rest of us of course got dunned by our creditors, threatened by our bosses, (those that still have bosses), had our job applications ignored, got spied on by Homeland Security and were fed a lot of lies by the bourgeois press. In short, we've been screwed and these parasitic slugs, feel slighted if not threatened by Obama. Most of the article focuses on Leon Cooperman, CEO of Omega Advisors and third richest man in the US who formed SkyBridge Alternatives, a group of aggrieved billionaires who feel victimized and unloved by the ungrateful unwashed. Note in the article that Al Gore was the guest of honor at their fourth,(what a coincidence) annual convention.


At 5:55 AM, Anonymous Golden Oxen said...

The article was sickening.

Such a group of ordinary, unproductive rather dumb individuals having all that wealth and displaying their piggery for all to see.

You would think they would have enough brains to hide themselves from view.

As to Al Gore, he is one of the reasons I am a Libertarian.

At 6:54 AM, Blogger Jaded Prole said...

Sickening indeed but a good snapshot of the mindset of the 1% and of capitalists in particular, which is why I'm a Red. This would be no different under Libertarianism and I would bet that most hedge-funders are Libertarian. It is the lack of regulation, which libertarians support, that created this extreme though such is inevitable under the internal laws of capitalism because money buys power and writes the laws in it's own interest -- and here we are.

At 12:39 PM, Blogger Justin Kase said...

As a former Libertarian, I have to agree with the Prole here.

Ron Paul, for example, is not anti corporatist, though to his credit, he has challenged kleptocratic financialism and the military industrial security complex. If I bother to vote this time, I might write him in. If we had Libertarians in charge, they would not be coming from the Ron Paul camp though. A so called Libertarian administration would, like the republicrats, be composed of corporate puppets and doing much the same; while spouting a new flavor of PR justification. The major change would be a faster increase in austerity for the poor to lower taxes and wage costs for the rich.

At 1:26 PM, Blogger Justin Kase said...

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