by Summary:
The Iraq war? An honest mistake. The bailouts of criminal bankers in 2008? Unfair, but necessary. This is how they see things and it makes people apoplectic. In the face of a booming stock market and a grotesquely lopsided economic “recovery” during which the most wealthy members of society gained share from the bailouts, people remain angry and they have every right to be. The U.S. is not a free market economy, but a kakistocracy in which the “elites” have placed themselves above the law and above failure. We bail criminals out so they can shove it all back in our faces ten years later.… The leaked Google video confirmed what many of us already knew, which is that these “don’t be evil” tech executives are a bunch of superficial phonies, cut from the same cloth as rapacious bankers or
Topics:
Mike Norman considers the following as important: American politics, Google, Populism
This could be interesting, too:
The Iraq war? An honest mistake. The bailouts of criminal bankers in 2008? Unfair, but necessary. This is how they see things and it makes people apoplectic. In the face of a booming stock market and a grotesquely lopsided economic “recovery” during which the most wealthy members of society gained share from the bailouts, people remain angry and they have every right to be. The U.S. is not a free market economy, but a kakistocracy in which the “elites” have placed themselves above the law and above failure. We bail criminals out so they can shove it all back in our faces ten years later.… The leaked Google video confirmed what many of us already knew, which is that these “don’t be evil” tech executives are a bunch of superficial phonies, cut from the same cloth as rapacious bankers or
Topics:
Mike Norman considers the following as important: American politics, Google, Populism
This could be interesting, too:
Robert Waldmann writes Popularism = Populism = Soak the Rich *and* Spread it Out Thin
Frances Coppola writes When populism fails
Mike Norman writes YouTube To Delete All Accounts That Aren’t “Commercially Viable” Starting Dec. 10th — Ethan Huff
Mike Norman writes Sputnik — Great Piece of Kit! Huawei to Launch Google Maps Rival by October
The Iraq war? An honest mistake. The bailouts of criminal bankers in 2008? Unfair, but necessary. This is how they see things and it makes people apoplectic. In the face of a booming stock market and a grotesquely lopsided economic “recovery” during which the most wealthy members of society gained share from the bailouts, people remain angry and they have every right to be. The U.S. is not a free market economy, but a kakistocracy in which the “elites” have placed themselves above the law and above failure. We bail criminals out so they can shove it all back in our faces ten years later.…
The leaked Google video confirmed what many of us already knew, which is that these “don’t be evil” tech executives are a bunch of superficial phonies, cut from the same cloth as rapacious bankers or crooked politicians. The extremely powerful aren’t going to reform or fundamentally change the system that’s been so beneficial to them. It’s up to us to do that. This is why we’re in a populist period, and why populism won’t be going away anytime soon.
The only question is in what form will the next iteration of populism manifest....
Significantly, there are multiple other ways populism can manifest outside of traditional politics, with the most promising being in the realm of open source, decentralized technologies that don’t ask permission and can change the world via their very existence. Bitcoin’s the preeminent example of this sort of thing in the post-financial crisis period, but I expect more to follow.…
As Buckminster Fuller put it:Amen to that. But American populists, left and right, are deeply divided on what that model should look like.You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.More than anything else, this is what we need to do.
I omitted Krieger's remarks on Google, but they are important and I fully agree with what he says.
Liberty Blitzkrieg
Thoughts on the Leaked Google Video and Why Populism Is Just Getting StartedMichael Krieger