Everyone should watch "Too Big to Fail" on HBO, the movie version of The Time's writer Andrew Sorkin's book. Then everyone should read "The Big Short" by Michael Lewis. In both, grotesque, self-centered, destructive but good hearted politicians confront grotesque, self-centered, destructive and rapacious money changers. If there are any two books that are more discouraging about the future of western liberalism, they must have been burned by politico-economic censors.
In "Too Big to Fail" a compelling Henry Paulson walks through the carnage created by these politico-economic vandals like a stricken benumbed survivor of some huge natural disaster. But it is not natural. No natural force is as evil and dismissive of its damage as the combined effort of a superficial, posturing politician and a percentage-hungry financial predator. In "The Big Short" petty, stupid well educated people in both government and finance make error after error to aggrandize or enrich themselves at the expense of every possible innocent they can find. These two works are as profound an argument for benign dictatorship as has been made. It is astonishing that the financiers and politicians from New York to Malibu are not hanging from lampposts from sea to shining sea.
Paulson won an extraordinary victory against overwhelming self-interest but the battle is still is an early round. If the politicians and their incestuous financiers have anything to say about it, this battle will have no time limit.
Strangely we, the noncombatants, will be the eventual knockout victim.
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