Matt Taibbi
Matt Taibbi
Matthew C. "Matt" Taibbiis an American author and journalist. Taibbi has reported on politics, media, finance, and sports, and has authored several books, including The Divide: American Injustice in the Age of the Wealth Gap, Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking Americaand The Great Derangement: A Terrifying True Story of War, Politics, and Religion...
NationalityAmerican
ProfessionAuthor
Date of Birth2 March 1970
CountryUnited States of America
Capitalism is a system for determining objective value.
The national debt is totally unlike a family budget for about a gazillion reasons, not the least of which being that families cannot raise money by fiat or deflate the size of their debt unilaterally and that family members die instead of existing infinitely.
Obsessed with success and wealth and despising failure and poverty, our society is systematically dividing the population into winners and losers, using institutions like the courts to speed the process.
The significance of Columbus's discovery was that on a round earth, humanity is more interconnected than on a flat one. On a round earth, the two most distant points are closer together than they are on a flat earth.
At root, the Tea Party is nothing more than a them-versus-us thing.
Wall Street has turned the economy into a giant asset-stripping scheme, one whose purpose is to suck the last bits of meat from the carcass of the middle class.
The race for the White House is normally an event suffused with drama, sucking eyeballs to the page all over the globe.
2008 was to the American economy what 9/11 was to national security. Yet while 9/11 prompted the U.S. government to tear up half the Constitution in the name of public safety, after 2008, authorities went in the other direction.
Amendments occupy a great deal of most legislators' time, particularly those lawmakers in the minority. Members of Congress do author major bills, but more commonly they make minor adjustments to the bigger bill.
By incentivizing Wall Street players to sniff out inefficient or corrupt companies and bet against them, short-selling acts as a sort of policing system; legal short-sellers have been instrumental in helping expose firms like Enron and WorldCom.
The individual incentive not to commit crime on Wall Street now is almost zero.
In the years just after 9/11, even being breathed on by a suspected terrorist could land you in extralegal detention for the rest of your life.
Once you give an NFL player permission to have thoughts, you invite all kinds of mischief.
Obviously, people who commit crimes should be punished. Even people who steal socks and 'Snow White' videos should probably do time if they have priors, especially serious priors. But the punishment has to fit the crime, and the standard has to be the same for everyone.