Thursday, December 18, 2008

Newsflash: Greed Is No Longer Good

December 18

A quick two day drive to and from Shinnston to pick up Mom for Chirstmas. And today, my last class (tomorrow's is being rescheduled!) before the holidays and getting to concentrate on family, food, tree, etc.!

Meanwhile in the news--the continued Splat! of the greed bubble bursting. Bernie Madoff now is being called perpetrator of a Ponzi scheme. Oh the Wall Streeters! What were they thinking? It has all been so wrong, so very wrong, and now everyone is beginning to get it, to see, that the greed was insane. For me and my Aged Radicals, it is a major vindication. Crooked finger shaking: You see? You see?

What lessons to learn of course? The lesson for my parents' Great Depression was to keep your nose to the grindstone, take care of your own frugally, save, plan for retirement. Too narrow for my generation, spendthrift in resources and extreme in choices: We need a new system top to bottom! Socialism is too timid! Change everything!

Followed by the ones who came of age with Reagan and Greed is Good. Who, along with the rapacious ones who surround W., have caused immense harm.

And greed is not good, nor is narrowness out of fear. We need to be expansive in caring for the common good.

Will Obama’s administration be able to manage it? Will they make enough structural change? Will they keep Obama alive?

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