In the new American ghetto, the nightmare engine is bubble economics, a kind of high-tech casino scam that kills neighborhoods just like dope does, only the product is credit, not crack or heroin. It concentrates the money of the population in just a few hands with brutal efficiency, just like narco-business, and just as in narco-business the product itself, debt, steadily demoralizes the customer to the point where heโs unable to prevent himself from being continually dominated.
Matt TaibbiIn a society governed passively by free markets and free elections, organized greed always defeats disorganized democracy.
Matt TaibbiThe race for the White House is normally an event suffused with drama, sucking eyeballs to the page all over the globe.
Matt TaibbiPrivate equity firms aren't necessarily evil by definition. There are many stories of successful turnarounds fueled by private equity, often involving multiple floundering businesses that are rolled into a single entity, eliminating duplicative overhead.
Matt Taibbi