Late Capitalism Eats Itself to Death on Credit.

[Sapiens]

Hsu: "...mas sabe el diablo por viejo que por diablo".

S: "Please explain."

Hsu: "We are an old civilization, plenty of experience."

S: "I agree, please go on."

Hsu: "Americans are too proud to see. It is just the same to kill with kindness as is with violence. Let them gorge on credit."

S: "Ah, master Hsu, you always surprise."

[touchring]

Re: Late Capitalism Eats Itself to Death on Credit.

Hsu: "...mas sabe el diablo por viejo que por diablo".

S: "Please explain."

Hsu: "We are an old civilization, plenty of experience."

S: "I agree, please go on."

Hsu: "Americans are too proud to see. It is just the same to kill with kindness as is with violence. Let them gorge on credit."

S: "Ah, master Hsu, you always surprise."

Who is the real master?

Goldman Sachs is expected to announce huge profits when it reports its second-quarter earnings
http://abcnews.go.com/Business/comme...ory&id=8074561

Unless americans get control of their banks, the downward spiral will never stop.

The last Chinese dynasty, once the superpower of the 18th century, did not fall because of external factors, rot comes from within.

[Diarmuid]

Re: Late Capitalism Eats Itself to Death on Credit.

Who is the real master?

From Plato's Republic - (a tyrannical soul himself in my view, but then no better place to get an apt description.)

Tyrannical souls


“One who by nature or habit - or both - has turned into a creature of drunkenness, lust, and madness” , feasting and excess constantly, looking to gain anything from anywhere, deceptive, thieving"


“The passion that rules within drives him to the extremes of anarchy and lawlessness. Controlling the man like a tyrant controls a city, it will urge him on to every kind of audacity in order to produce sustenance for himself and his clamorous companions.”



** Never learn friendship or freedom, men without honor, ENTIRELY UNJUST

“A man’s soul, wholly enslaved by its inner tyrant, will be least able to do what it wants. Instead it will be maddened by disorder and frenzy and full of remorse.”


“Not only is he ill governed within himself, but once misfortune removes him from private life and establishes him in the tyrant’s place, he must try to control others when he cannot control himself. He is like a sick man who is unable to exercise self-restraint yet is not permitted to pass his days in cloistered privacy; instead, he is obliged to engage adversaries in never-ending rivalry and discord.”

I think this description may sit well with some in Wall Street, the City of London and those walking many of the halls of power today.

[marvenger]

Re: Late Capitalism Eats Itself to Death on Credit.

its quite amazing how the reptilian part of the brain dominates the halls of power

[cjppjc]

Re: Late Capitalism Eats Itself to Death on Credit.

“A man’s soul, wholly enslaved by its inner tyrant, will be least able to do what it wants. Instead it will be maddened by disorder and frenzy and full of remorse.”


“Not only is he ill governed within himself, but once misfortune removes him from private life and establishes him in the tyrant’s place, he must try to control others when he cannot control himself. He is like a sick man who is unable to exercise self-restraint yet is not permitted to pass his days in cloistered privacy; instead, he is obliged to engage adversaries in never-ending rivalry and discord.”

I think this decription may sit well with some in Wall Street, the City of London and those walking many of the halls of power today.

Yes some truth there maybe. We all have an inner tyrant. Also have an inner I. To see the struggle, in the moment it happens. Maybe those you speak of have learned to stop seing the struggle.

[marvenger]

Re: Late Capitalism Eats Itself to Death on Credit.

don't think they took much notice in the first place, otherwise they'd be eating themselves up alive.

[Diarmuid]

Re: Late Capitalism Eats Itself to Death on Credit.

its quite amazing how the reptilian part of the brain dominates the halls of power

No requirement to be a sociopath altough it may help

"And the prophecy I make is this. To nine out of ten of you the choice which could lead to scoundrelism will come, when it does come, in no very dramatic colors. Obviously bad men, obviously threatening or bribing, will almost certainly not appear. Over a drink or a cup of coffee, disguised as a triviality and sandwiched between two jokes, from the lips of a man, or woman, whom you have recently been getting to know rather better and whom you hope to know better still -- just at the moment when you are most anxious not to appear crude, or naif, or a prig -- the hint will come. It will be the hint of something which is not quite in accordance with the technical rules of fair play: something which the public, the ignorant, romantic public, would never understand: something which even the outsiders in your own profession are apt to make a fuss about: but something, says your new friend, which "we" -- and at the word "we" you try not to blush for mere pleasure -- something "we always do." And you will be drawn in, if you are drawn in, not by desire for gain or ease, but simply because at that moment, when the cup was so near your lips, you cannot bear to be thrust back again into the cold outer world. It would be so terrible to see the other man's face -- that genial, confidential, delightfully sophisticated face -- turn suddenly cold and contemptuous, to know that you had been tried for the Inner Ring and rejected. And then, if you are drawn in, next week it will be something a little further from the rules, and next year something further still, but all in the jolliest, friendliest spirit. It may end in a crash, a scandal, and penal servitude: it may end in millions, a peerage and giving the prizes at your old school. But you will be a scoundrel."

CS Lewis

[marvenger]

Re: Late Capitalism Eats Itself to Death on Credit.

nice quote, i didn't mean sociopath just meant that these people don't use their neocortex nearly as much as they give themselves credit for; but hey that's finance, can't remember the name of the financier who said something like 'high finance is adding subtracting multiplying and dividing numbers with lots of zeros'