« Caroline Kennedy: Paying to Play | Allison Kilkenny's Blog | The Myth of Sanitary War »

You Heart Corruption


"'Corruption is government intrusion into market efficiencies in the form of regulations.' That's Milton Friedman. He got a goddamn Nobel Prize! We have laws against it precisely so we can get away with it! Corruption is our protection! Corruption keeps us safe and warm! Corruption is why you and I are prancing around in here instead of fighting over scraps of meat out in the streets! Corruption is why we win!"


The quote is from the film Syriana, and the character that delivers the passionate/delusional diatribe is Danny Dalton, a Texas oilman and member of Committee to Liberate Iran. Dalton is a patsy, and is being charged with "corruption" in order to protect a much larger, much more corrupt corporation standing behind him. He's a fall-guy, and that's why he flies off the handle.

Watching the Bush administration and Wall Street executives' gulp and thrash like beached fish made me think of little Dalton. The stock market isn't a force of nature. It takes men and women (but mostly men) creating very corrupt policies to create America's initial wealth, and then her downfall.

Everyone needs to stop acting like they're surprised by the recession. It's not cute, and it's painfully insincere.

There's been a proliferation of handwringing and philosophizing about what caused the economic collapse, why there was little impetus to aggressively address a rotting subprime industry, why our politicians were too lazy, slow, or indifferent to do something to address Wall Street's broken ways.

Times of economic woes are the only time our society collectively examines the Free Market, and the effects of globalization -- rarely on the world -- but on us, Americans. How will this screw us? How long will it last? How will this vast machine affect us parochially?

Americans pretend like this is the others' problem, and that they don't also benefit from our corrupt society. Wall Street practices are certainly corrupt, but the problem isn't contained to mortgage lenders, banks, and insurance companies. It's pandemic and it has infected every facet of the American way of life.

The dirty truth no one wants to admit is that corruption floats America to the top. Only by utilizing cheap labor, deregulation, and speculative lending can our markets create extraordinary wealth. Wall Street occasionally acts as though it has just awoken from a strange nightmare because it's necessary to act moral every now and then, namely when the press shows up.

Now is the time financial experts act like they have no idea how market bubbles inflate, CEOs get bonuses 100 times their annual salaries, and people like Bernie Madoff exist.

Regulation is trendy right now, but what that actually entails may surprise Americans. If our government seriously regulated the Free Market, and extended that moral behavior to the international community with living wages and humane worker conditions, it would profoundly change the way Americans live.

The price of our food, clothing, and other goods would increase. Fuel would skyrocket. Everything would be more expensive, and we would have to do with a lot less. CEOs would surrender their penthouses and yachts. Certain exotic fruits like bananas would suddenly cost much more now that Central American workers are permitted to unionize and demand living wages.

On the plus side, maybe less children would die and more people could have a shot at stability and happiness. Maybe cases of infectious disease would decline. Maybe people would drive less. Maybe we could save the world.

Of course, Americans would have to sacrifice, and they have a history of hating that. But things are changing now. There's a murmur in this society, and it seems to be saying: Our way of life is broken. We need to fundamentally change the way we live.

People want regulation. They want less enormous wealth and extraordinary poverty. They want balance and justice. But they have to stop looking to the men that made the corruption to fix the problem. Americans have to demand the presence of independent sheriffs to watch industry 24/7 in order to right the wrongs of our corrupt past.

If regulation actually existed, things would be a lot less cushy for Americans, which would probably be a good thing, but some may suddenly miss that corruption that kept them so sheltered for so long.


8 Comments

| Leave a comment
user-pic

We have laws against it precisely so that we can get away with it.

This is such a marvelous post. Sleepin was looking at just one aspect of corruption among the economic oligarchy and thought it all looked like a skit on SNL.

I want somebody watching every hour of every day and I want some people, many people, prosecuted in order to demonstrate a new perspective on corporate crims.

user-pic

tell me more about the history of hating sacrifice.

user-pic

"Stop looking to the men that made the corruption to fix the problem."

Ok. Next question. How long is that list of men?

user-pic

Difficult truths here and, although I've often considered many of them, they scare me just a bit nonetheless.

One thing that has always puzzled me is how people so easily reinterpret the Declaration of Independence to apply only to Americans - or even just to our CLASS of Americans. I cannot read through it without a troubling reminder of how miserably we fail to honor the rights of liberty for all.

I think the corruption of what you address here begins with that corruption in our thinking - that somehow we are privileged above others in the allocation of inalienable rights. (Elegant irony that, no?)

And, yes, any other democratization of the concept would bring about massive changes in the way we live. Materially, things would be more spartan, to be sure. But in terms of our spirit, we would come a whole lot closer to realizing the true blessings of our own humanity.

Great post, and definitely rec'd. I look forward to reading moe from you, and will be visiting your website to do just that!

user-pic

We heart greed. Corruption is just the means to the end. Well written and rec'd.

user-pic

Whoa, speak for yourself peegalito. Some of us are happy with chickenfeed, and always have been.

I started an organization years ago, GINOK. "Greed Is Not OK."

A buck for a button, and yer in.

user-pic

Shur, I'm in Bwak. You may want to join a little public advocacy group I founded when I realized my pension plan/social security wasn't gonna be there, ohhh.... like two months ago, called 'Piggies opposing Pork while extracting all that society lets sus', (POPWEASLS)'. Send your donation, (recommended donation: $9.95), to me at....


user-pic

I'll take a stable economy over a rollercoaster ride. When you are growing up, you do not say to yourself, "I want to grow up and prosper in a system built on douchebaggery". Atleast I didn't.

Leave a comment

Allison Kilkenny

user-pic

Following:
Followers: 2

Posts
Comments & Recommends


Favorites

Bio

Allison Kilkenny co-hosts Citizen Radio, the alternative political radio show alongside her partner, comic Jamie Kilstein. She is a contributing writer to Huffington Post, Alternet.org, The Nation, the Beast, Counterpunch.org, and 236.com. She is also a regular guest on SIRIUS radio. She doesn’t care if you’re offended by anything she has written. Allison's blog is at: http://allisonkilkenny.wordpress.com Citizen Radio's fan page is available on Facebook: http://www.facebook.com/group.php?gid=69102745571 Allison can be reached on Facebook or Twitter.

All Reader Posts
How to use myTPM

Advertise Liberally
Share
Close Social Web Email

"To" Email Address

Your Name

Your Email Address