
He was a real bastard, but if you believe the old saying, “that which does not kill you makes you stronger” you can only imagine how tough the Chinese people who survived may be.
Last week the Chinese government was planning to sell a state owned steel mill to private owners. (I can’t help but wonder if Goldman Sachs represented either party.). The workers demonstrated forcefully in anticipation of layoffs. The new owners sent the factory boss out to crack down, and the workers beat him to death. Beat him to death.
I’m not advocating violence, but it makes me wonder what it would take to stir an American mob to this level of political passion. Tonghua Iron & Steel was contemplating laying off 10% of their 30,000 workers. Tragic if you are in the 10%, but not that bad as these things go.
How do you think the Chinese would have dealt with Bernie Madoff if he’d been fleecing the Han rather than the Jew?
And what about Goldman Sachs? I still can’t believe there has been no meaningful public outcry in America against this organization. (I’m still surprised no one has killed O.J. either.)
To understand how deeply GS has its hooks into our economy, our government, and our pockets, I strongly recommend Matt Taibbi’s most recent piece in Rolling Stone, “The Great American Bubble Machine.”
Here’s the opening paragraph: “The first thing you need to know about Goldman Sachs is that it's everywhere. The world's 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.” So you know it’s balanced.
Once you read that you want to read Matt’s account of what happened to the financial markets last fall in, “The Big Takeover.”
After reading, either, let a lone both, you might find yourself daydreaming about a little Chinese justice for the Goldman crowd.