Wednesday, October 29, 2008

Bivouac

\BIV-wak, BIV-uh-wak\, noun:
1. An encampment for the night, usually under little or no shelter.

~~~~~~~

Perhaps the bailout is a sign of things to come—hopefully not in this form, as the plan itself is foolish and rushed—but the nationalization of both the benefits and the risks of multinational and incredibly powerful corporations. This seeming social parachute for greed need be both an act of rescue (as certainly we would all pay for these companies’ failures), and a reflection on current laws—the companies should not have been allowed to get this big and endanger us all. As we allowed them to get in this situation, we must re-evaluate the circumstances that led to it, and llow it never to happen again.

Perhaps in the future we will see more of these sorts of socializations, and I’m not sure if it is for better or worse. Including these usual opponents of the middle class into its budget seems grossly unfair, as the budget of the middle class almost never benefits from this salvation and foundation. We deserve an even return—and to do that, I think, the free market needs more of a watchful eye, not less. Capitalism demands, inevitably, a marginalization of wealth, but that wealth is also definitively linked to the economic well being of the classes it stands upon. Thus, if they fail, we fail, but if we struggle, they win. This is not a good model, and it confuses me that so many Americans still prescribe to a naïve notion of “fairness” in a free market economy, as it inevitably shortchanges them.

No comments: