Thursday, October 09, 2008

Send in the generalissimo

How do you describe a country shaking down its working population to fund its wealthiest bankers' and investors' fuck ups? "Socialism for the rich and free enterprise for the rest" is one old joke. Kleptocracy is another term.

Here's another way to put it: from the Wikipedia entry on the "banana republic": "a banana republic also typically has large wealth inequities, poor infrastructure, poor schools, a "backward" economy, low capital spending, a reliance on foreign capital and money printing, budget deficits, and a weakening currency."


We are, however, still missing the junta and the generalissimo with exaggerated epaulets.

Not just me: Christopher Hitchens also goes there.

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