I must reiterate my previous strong recommendation of “The Big Short”, now that it is on Netflix. If you have any faith in our ‘free market’ you won’t after you watch it. Based on actual events and people.
Spoiler: the global financial meltdown further enriched those who defrauded the world of sheep. As they knew it would going in.
The same folks who hired the geniuses to engineer the bubble also scrambled to hire them to engineer the collapse and the recovery. All involved at those highest levels profited wildly at all three deliberately engineered transitions. And all the rest of us lost our retirements, or our family lost 45% of ours, and have just started to break back even…due to the “free market,” of course.
I saw it in the theaters (which I rarely do) and left even more certain that the blessed and much vaunted ‘free market’ as it currently exists is a scam to steal the commonwealth of Earth for the insatiably greedy, who already have more than they would ever comprehend or track without a CPA, much less use.
And why no prosecutions? Cheerleaders of both broken major US political parties readily point (only, and dishonestly) to those elected from the other team. But it is common sense that no elected official who has a corporately financed campaign will be allowed to significantly (or in this case, even insignificantly) act justly to their financiers. It blows my mind how many of both corporately owned broken parties believe that one might.
Look no further than the different tone that VT Senator Bernie Sanders – who has long ago refused corporate funding – speaks of this issue, compared to almost any one of either party who has taken it.
To put it more concisely, my friend Valdi Weiderpass says: “The book, ‘The Big Short’ is really worth reading to get more detail on this true story of corruption! I also highly recommend the book, ‘The Divide: American Injustice in the Age of the Wealth Gap’, by Matt Taibbi, to learn about how we truly have a two tiered justice system in the USA. The hyper-rich and powerful as well as the mega-multinational corporations get treated with kid gloves, while the poor and disadvantaged get the full force of enforcement and dysfunctional public defense.”
Our election system, which depends on big money to function is the true criminal culprit to this injustice, and the reason it continues unabated today.