DEATH OF A CIVILIZATION V

11/26/2008

DEATH OF A CIVILIZATION V

So it may be that you don't give much credence to my misanthropic musings, still all that I say here is not bunk. Human nature has not followed the human technical advances, the society and the individuals are still bound by our primitive instincts. As you see in the current upheavals in the world wide markets, the human greed has ruled the human mind. Is it not ironic that when Moses returned from Mt Sinai he found his people worshiping a golden calf, and three thousand or so years later, the Wall Street has a symbol of the same golden calf , now grown in to a bull.

I have said it again and again that the cause of corruption of Wall Street has been the deficit spending, of course along with lower taxes, day trading, lower taxes on capital gains etc. Now combine that with lobbying, campaign financing, political contributions, political campaigning etc, it is not hard to see how the "government money" corrupts the system it is supposed to protect.

Ancient religions were formed to protect society from common "sins". To save the family, and to keep the social order. Simple boundaries, no lying, cheating, stealing, covetousness and fornication. Today we call the lying cheating and stealing, "investments, business proposals, and financial instruments". And greed and covetousness are business savvy and innovation. With all the money being given away to save the economy will you be surprised if there are no new "innovations"?

Corruption breeds corruption, as more money is thrown at the system, more and more people will try to get as much of it as they can get, and not just the bankers. It will soon trickle down to your local governments as money comes down the pipe to states counties and the cities and towns. Government officials giving contracts to their buddies and relatives, or out right embezzling. The cops and the courts needing money will abuse the citizenry and so on, it is not a prophecy, it happens in every third world country. Human nature has not kept up with the advancing financial markets.