"The wealthy, not only by private fraud but also by common laws, do every day pluck and snatch away from the people some part of their daily living. Therefore, when I consider and weigh in my mind these commonwealths which nowadays do flourish, I perceive nothing but a certain conspiracy of rich men in procuring their own commodities under the name and authority of the commonwealth.

They invent and devise all means and crafts, first how to keep safely without fear of losing that which they have unjustly gathered together, and next how to hire and abuse the work and labor of the people for as little money and effort as possible."

Thomas More, Utopia

Tuesday, October 14, 2008

The Meltdown Breakdown

I found this explication of the financial meltdown on Alternet and it may be the most layman-friendly I've found so far. Read it, then pass it on...


Anonymous said...

Nice article, Coldie, thanks.

Listening to the debate on NPR as I type. I listen to the debates rather than watch because I think you really hear the candidates have to say.

Nothing new so far, that I can hear.

Bad times, no worse times, are ahead and neither of these guys are willing to do the right thing. We can thank that goof in the White House for this mess.


Coldtype said...

And don't forget his many enablers in Congress--on both sides of the isle. Truly pathetic.