—through all these different crises, what you see is, the government wasn’t there at a time when it was supposed to be there.
There are different reasons in all those cases. In Iraq, certainly there was a lot of violence. Certainly, it was difficult to get people to go over to Iraq and pay attention. With Madoff, we’ll see what the Securities and Exchange Commission has to say about why they weren’t adequately regulating that issue. But time and again, the issue is, we’ve had a government which has been really shrunk and hollowed out in terms of its ability to oversee and regulate private businesses, private corporations and what it is they’re doing. And that is the function of government, is to make sure that everybody plays fair. They’re referees. And if there’s not enough referees around, the game gets ugly. T. Christian Miller on DN
Labels: Bernard Madoff, bush economics, cox, Democracy Now, food section, gathering darkness of all USian culture, iraq war, public regulation, securities and exchange commission, T. Christian Miller