Is America Becoming a Banana Republic?
Christopher Hitchens thinks so.
Itâ€™s all about kleptocratic business leaders, weak-willed politicians and the complete absence of accountability for the empowered class.
Just a taste:
Now ask yourself another question. Has anybody resigned, from either the public or the private sectors (overlapping so lavishly as they now do)? Has anybody even offered to resign? Have you heard anybody in authority apologize, as in: â€œSo very sorry about your savings and pensions and homes and college funds, and I feel personally rotten about itâ€? Have you even heard the question being posed? O.K., then, has anybody been fired? Any regulator, any supervisor, any runaway would-be golden-parachute artist? Anyone responsible for smugly putting the word â€œderivativeâ€ like a virus into the system? To ask the question is to answer it. The most you can say is that some people have had to take a slightly early retirement, but a retirement very much sweetened by the wherewithal on which to retire. That doesnâ€™t quite count. These are the rules that apply in Zimbabwe or Equatorial Guinea or Venezuela, where the political big boys mimic what is said about our hedge funds and investment banks: the stupid mantra about being â€œtoo big to fail.â€
Yes, itâ€™s one of Hitchensâ€™ polemics, but itâ€™s worth the read.