Panic of the Plutocrats

Paul Krugman:

The way to understand all of this is to realize that it’s part of a broader syndrome, in which wealthy Americans who benefit hugely from a system rigged in their favor react with hysteria to anyone who points out just how rigged the system is.

This is clearly political, but what’s interesting is that it’s not conservative/liberal, and it’s definitely not Republican/Democrat — both our national parties are the parties of Wall Street. For now.

★ Monday, 10 October 2011