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View Diary: Cyprus: Trial Balloon of the Plutocracy (47 comments)

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  •  If it had been voted upon democratically (2+ / 0-)
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    tardis10, DRo

    If the Cyprus banks hadn't been used to bail out the banks in Greece.

    If the banking system had not been corrupt in Cyprus and properly regulated and not as a washing machine.

    If there were any proposals on the table to regulate the saved banks.

    Too much guaranteed protection for the richest, if capitalism was applied they would have undergone bankruptcy management and the rich would have lost a hell of a lot more.

    "Another world is not only possible, she is on her way. On a quiet day, I can hear her breathing." Arundhati Roy

    by LaFeminista on Tue Mar 19, 2013 at 03:43:04 AM PDT

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    •  Yes, but the money is worthless. (2+ / 0-)
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      LaFeminista, cynndara

      We're dealing with figments of the imagination, symbols of value.
      Yes, people have convinced themselves that having a stash of dollars or euros or rubles makes them rich, but that's an illusion. None of the currency is edible and most of it is not even wearable as jewelry.  The only thing that matters is whether other people will accept it in exchange for something real (food, shelter, clothing, amusement, education, sexual gratification).
      There's an irony there that some intangibles are more real than the currency in its traditional tangible form. Of course, as electronic blips, our money has been made entirely ephemeral. If there is a run on banks, it's the tangible stuff that will run out, if they don't print more fast enough.

      We organize governments to deliver services and prevent abuse.

      by hannah on Tue Mar 19, 2013 at 04:01:14 AM PDT

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      •  I come from a farming family (1+ / 0-)
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        hannah

        hard work, land and property have worth, money not so much.

        "Another world is not only possible, she is on her way. On a quiet day, I can hear her breathing." Arundhati Roy

        by LaFeminista on Tue Mar 19, 2013 at 04:06:10 AM PDT

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        •  Exactly, money is like writing, a symbolic (4+ / 0-)
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          tardis10, livjack, cynndara, WheninRome

          representation of something that is otherwise invisible. Humans are a very visually oriented organism. Some people only "get" what they can see. Of course, since "appearances are deceiving," people restricted to superficial optics are often wrong. And that's probably quite disconcerting and accounts for a preference for constancy. The Cons, I'm increasingly convinced, are people whose sensory perceptions are somehow dull or inadequate to connect them to reality. Lately, I've been thinking it's the sense of touch which is deficient. We don't consider touch a lot, not nearly as much as sight and sound. Perhaps even less than taste and smell. And yet, our integument (skin) is the largest organ in the body. There is a hypothesis that it even has a memory function that is distinct from the brain.
          What if a person's integument is dull and does not register temperature change or the presence of moisture in the air? What if any change, on the other hand, is perceived as an insult and a cause of discomfort by the hypersensitive? How ready are we to account for that, for something that can't be counted numerically?

          We organize governments to deliver services and prevent abuse.

          by hannah on Tue Mar 19, 2013 at 04:21:39 AM PDT

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