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The One Percent Blues

The One Percent Blues
Fri, 9/6/2013 - by Anthony Haden-Guest
This article originally appeared on Creative Time Reports

The hugely rich have always been with us, of course, but now it’s… different. When wealth was generated by land, trade and manufacturing, everybody lived in the same world—though some in nicer parts of it than others. But now that dull “real” world has been magicked into a wondrous VIP Room where insiders play games like arbitrage and asset stripping – Hello, Bain! – while trafficking in financial instruments referred to by acronyms, and so arcane that some of their users apparently understand them only dimly. There have, of course, always been traders that bet on failure—the corner pawn shop, for one—but they were small stuff. Today, mighty empires are built from disaster and debt.

But, hey, the players say they feel “unloved”—persecuted by grungy taxpayers and snippy regulators? Woe is us! Hence this lament.

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The recent decisions by two of the most influential national newspapers of record to not publish their endorsements of Vice President Kamala Harris says a lot about how seriously they take Trump’s threats to democracy and his promises of vengeance against his enemies.

On the eve of the historic November vote, it seems important to ask: What's wrong with men, how did we get here, and can we change this?

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