Tuesday, February 08, 2011

William Greider – America’s Road Leads To Cairo

One of our favorites.  Greider is a titan of journalism when journalism meant something.  Greider predicted this crisis 15 or so years ago and many economists, including Paul Krugman, mocked him.  His words should never be taken lightly.

“The issue at stake here is far more threatening than smug elites seem to understand. Nothing erodes the authority and legitimacy of government more severely than a spreading awareness of unequal justice. The feds send hapless drug mules to prison for twenty years. For billion-dollar swindles, they won’t even call a grand jury. This corrosive contradiction can become a national disease. Americans are learning from these events—another investigation with shocking evidence, but not much happens afterward. This will sound farfetched, I know, but this is a road that leads eventually to Cairo.”

posted by TimingLogic at 12:11 PM