I’ve just finished reading an article on the website of the French-language Montreal daily La Presse which has really set my blood a-boilin’.
The newspaper reported, as I’m sure almost all did, that the New York stock exchange finished lower today as investors grew incrasingly concerned about public debt levels in some European and North American countries.
I am simply appalled at the unmitigated, greed-driven selfishness of the investor class.
Most of the advanced industrial countries in the world have just finished spending scores of T-R-I-L-L-I-O-N-S of dollars bailing out the banks, the corporations and the billionaires and megamillionaires whose unbridled greed, incompetence, corruption and criminality plunged the world into economic chaos.
And while the socioeconomic elite has now fully recovered from its paper losses of the past year and a half, hundreds of millions in the world’s poor and middle classes – including tens of millions in the U.S. and Canada – are still suffering greatly – from unemployment, from reduced wages and working hours, from foreclosures and from a growing credit crunch. read more »