{"id":52414,"date":"2020-04-11T17:38:41","date_gmt":"2020-04-11T22:38:41","guid":{"rendered":"https:\/\/olduvai.ca\/?p=52414"},"modified":"2020-04-11T17:41:56","modified_gmt":"2020-04-11T22:41:56","slug":"the-unfairness-economy","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=52414","title":{"rendered":"The UNFAIRNESS Economy"},"content":{"rendered":"\n

The UNFAIRNESS Economy<\/a><\/h3>\n\n\n\n

Bailouts for the rich. Barely anything for you.<\/strong><\/p>\n\n\n\n

Award-winning investigative journalist Matt Taibbi penned perhaps the most iconic condemnation of the bankers who created (and subsequently got bailed out during) the Great Financial Crisis:<\/p>\n\n\n\n

The first thing you need to know about Goldman Sachs is that it\u2019s everywhere. The world\u2019s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.<\/p><\/blockquote>\n\n\n\n

Tens years later, we find ourselves facing another crisis which, while triggered by the coronavirus instead of housing loans, has similar roots in a financial system made vulnerable by the unfair plunder of big banks and hedge funds \u2014 who are now being bailed out at vastly higher expense than in 2008.<\/p>\n\n\n\n

Sadly, it seems we\u2019ve learned very little over the past decade.<\/p>\n\n\n\n

And as $trillions and $trillions in \u201crescue\u201d stimulus are starting to be deployed by Congress and the Federal Reserve, it\u2019s once again the financial power elite and corporate boardroom bigwigs who are receiving immediate and complete relief from the consequences of their actions.<\/p>\n\n\n\n

But what will regular folks like you and me get? Crumbs, if anything.<\/p>\n\n\n\n

And as taxpayers, we\u2019re ultimately footing the bill (once again).<\/p>\n\n\n\n

Given his intensive knowledge of the inner workings of Wall Street and its entanglement with the DC political machine, Taibbi explains how the inequity, abuse and fraud in today\u2019s \u201cUnfairness Economy\u201d has become standard operating procedure \u2014 and will remain so until a serious enough social uprising takes place.<\/p>\n\n\n\n

First, watch this 2-minute trailer:<\/p>\n\n\n\n