Monday, October 15, 2012

A view into Romney's doctrine

This morning, journalist Chrystia Freeland was interviewed on the radio about her new book: “Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else”. Her work chronicles the super-rich who've reach the pinnacle of the business world, many of whom having gained their fortunes not from some inheritance, but from their actual work.

In a nutshell she found that these people have very little sympathy for the 99.9% who haven't done as well as them, and they also think that they are not just smarter than the rest, they're much more moral too. Yet, they'd like to cut essential government services like education and all the rest of the infrastructure that may have helped them along the way. In a way, they'd like to burn the bridges that have led them to their golden, privileged island.

A hedge-fund manager was quoted to say: “low paid American workers are the most overpaid in the world...” while a CFO of some high-tech company suggested: “If they want to live 10 times better than the Chinese, they need to be 10 times more productive. And if they’re not, they need to take a pay cut.”

These snippets alone are symptomatic of the abysmal gap that separate the new elite from the rest of the people in the country and offers a vivid x-ray of what lays inside Romney's heart.

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