"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
Saturday, March 21, 2009
Eliot Spitzer returns
Back from his "fall from grace"--no doubt greased by the Wall Street titans whom he terrorized, the former governor of New York Eliot Spitzer has been hired by Slate magazine to put his opinions to pen and paper. His latest effort reflects upon the distracting hue and cry being raised over the millions of taxpayer dollars funneled to AIG employees who helped loot the company while largely ignoring the billions shipped to AIG counter-parties with names like Goldman Sachs, HBS, Bank of America, Merrill Lynch, Barclays... you get the picture.