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View Diary: Economic Terrorism and Krugman's Latest: "The clear and present danger...is what is happening now." (267 comments)

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  •  And again, the shoe doesn't fit (1+ / 0-)
    Recommended by:
    4Freedom

    tobacco companies have killed lots more people, and it comes as no surprise when it happens.  The Ford Pinto.  They knew people would die but thought it would be cheaper to pay out lawsuits.  Cynicism, not terrorism.  

    Krugman's reference to fear is misplaced policy concerns by Washington.  It's a mistake to assume a professional economist would be so ignorant of both banking practices (bad, not terroristic) and terrorism.  

    "This world demands the qualities of youth: not a time of life but a state of mind[.]" -- Robert F. Kennedy

    by Loge on Fri May 06, 2011 at 06:42:42 AM PDT

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    •  When banking policies result in (3+ / 0-)
      Recommended by:
      cpresley, Betty Pinson, Badabing

      -- and this is literal -- tens and hundreds (worldwide) of millions of people in complete turmoil because they are losing their homes, their savings, their futures, their hope, their chance to purchase food, well, unless the terror these people experience comes from outer space, the agents of their quite palpable terror could be fairly termed "terrorists." Though that might not be the official use of the term.

      If one thinks the financial elites are unconscious of the benefits to them of a beaten and cowed working class, I would think that person "naive."


      Until we break the corporate virtual monopoly on what we hear and see, we keep losing, don't matter what we do.

      by Jim P on Fri May 06, 2011 at 11:02:27 AM PDT

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      •  I still think there's a difference (0+ / 0-)

        when one is the actual goal and the other is perhaps a forseeable consequence to which the perpetrators are indifferent.  Bankers just want the money they foolishly lent out to be paid back.  Many of the debt collection practices, e.g., are harassing, and their volta face on credit standards is cynical, but to suggest it's terrorism confuses rather than clarifies.  More than one thing can be bad at a time!

        "This world demands the qualities of youth: not a time of life but a state of mind[.]" -- Robert F. Kennedy

        by Loge on Fri May 06, 2011 at 11:23:53 AM PDT

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        •  I think if you review the history of (0+ / 0-)

          our upper classes writings and opinions, just their own words, over the last 120 years or so, you'd be surprised at how conscious they are of the effects their policies have on people.

          Though I'd buy that middle-level people are oblivious, I'm pretty sure the movers and shakers are very deliberate in what they are doing, aside from just making money.


          Until we break the corporate virtual monopoly on what we hear and see, we keep losing, don't matter what we do.

          by Jim P on Fri May 06, 2011 at 05:05:43 PM PDT

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      •  Don't bother (1+ / 0-)
        Recommended by:
        Jim P

        The mark of a true sociopath is that they are unable to feel emotions or empathy when they inflict pain and injury on others.  Like serial killers.

        As long as it benefits them, its the right thing to do.

        It is the mark of an educated mind to be able to entertain a thought without accepting it. ~ Aristotle

        by Betty Pinson on Fri May 06, 2011 at 12:20:43 PM PDT

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    •  LOL, really? (0+ / 0-)

      Bad banking practices aren't really harmful?  Victimless crimes, right?

      No, sorry, they're crimes.  Just because they haven't been prosecuted doesn't change the fact.  

      And when the schemes cause deliberate harm to thousands, if not millions of innocent people - yeah, its terrorism.

      Sorry, but that's some despicable, criminal shit you're defending.

      It is the mark of an educated mind to be able to entertain a thought without accepting it. ~ Aristotle

      by Betty Pinson on Fri May 06, 2011 at 12:18:18 PM PDT

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      •  I'm not defending anything (0+ / 0-)

        except the following:  all terrorism is a crime (at minimum) but not all crimes are terrorism.  I didn't know we were in a contest to use the worst-sounding predicate nominatives regardless of whether they make sense.  But since we are, bankers are Satanic Nazi Pedophilies.  That cleared so much up, I can see it now.

        "This world demands the qualities of youth: not a time of life but a state of mind[.]" -- Robert F. Kennedy

        by Loge on Fri May 06, 2011 at 12:31:59 PM PDT

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