Rage of the Privileged

September 26, 2013

Mark Thoma has an excellent column at the Fiscal Times linking the fight over the debt ceiling to the larger issue of extreme inequality. (...) I’d like, however, to suggest that the reality is even worse than Thoma suggests.

Here’s how Thoma puts it:



So he links the debt ceiling fight to the influence of the wealthy, who want to dismantle the welfare state because it’s nothing to them, and they want lower taxes. (...)

~snip~

How, then, are things even worse than he says? Because many of the rich are selective in their opposition to government helping the unlucky. They’re against stuff like food stamps and unemployment benefits; but bailing out Wall Street? Yay!

Seriously. Charlie Munger says that we should “thank God” for the bailouts, but that ordinary people fallen on hard times should “suck it in and cope.” AIG’s CEO — the CEO of a bailed out firm! — says that complaints about bonuses to executives at such firms are just as bad as lynchings (I am not making this up.)

The point is that the superrich have not gone Galt on us — not really, even if they imagine they have. It’s much closer to pure class warfare, a defense of the right of the privileged to keep and extend their privileges. It’s not Ayn Rand, it’s Ancien Régime.

Head of Barilla pasta company: Gays can eat someone else’s pasta

Guido Barilla, president of the family-owned Barilla pasta company, said in a radio interview on Wednesday that his company only supports “the traditional family” and that LGBT people “can go eat someone else’s pasta.” According to John Aravosis at Americablog, Barilla has since backtracked on his remarks somewhat, but many LGBT people around the world are reacting angrily to the slam by the head of the massive, global brand.

“We won’t include gays in our ads, because we like the traditional family,” Barilla told an interviewer. “If gays don’t like it, they can always eat another brand of pasta. Everyone is free to do what they want, provided it doesn’t bother anyone else.”

Barilla said today that he meant no ill will toward LGBT people with his remarks, saying in a statement, “With reference to statements made yesterday, I apologize if my words have generated controversy or misunderstanding, or if they have hurt the sensibilities of some people. In the interview I simply wanted to highlight the central role of the woman in the family.”

~snip~