Paul Krugman Bogarted my last post, but there are a few questions that ought to be raised in the wake of all this.
Can you feel it? Do you sense, like I do, that there are more than a few people out there who will condemn Mr. Madoff publicly, but, without admitting it to anyone, admire him just a little bit in private?
When did this happen? When did the right co-opt the left's ability to criticize the desire to acquire wealth? Seriously, play the familiar tape to the end (Actually, that cliche' needs to change: So instead, play the familiar mp3 file to the end):
A-A guy makes a lot of money in the financial sector.
B-Everyone assumes the guy is smart.
C-Everyone assumes the guy worked hard and, as a result, EARNED his money . . . irrespective of the fact it might be, by conventional middle class standards, an obscene amount that wasn't really earned in the classical sense of adding value.
D-Someone, ostensibly a little left of center, criticizes the guy, the system that allowed the guy to earn such an enormous amount of money, or both.
E-The left-of-center-critic just mentioned in 'D' (hitherto referred to as LOCC) is, in turn, criticized by the right (and even a goodly number of souls on the left) as being out of touch, probably a socialist, etc.
F-Most people (on the left and the right) assume LOCC is just a tad naive . . . and, although we'd dare not say it publicly, a little jealous because he's clearly not as smart (and probably not as hard working) as the guy who made a lot of money in the financial sector.
My questions:  When did this happen?  Why did it happen?  Whose fault is it? I'm going to comment on my own post with a round of answers. I ask you to feel free to do the same.
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