Simon Johnson: White House Failure To Appoint Elizabeth Warren Would Be The Last Straw

Our biggest problem as citizens is that we see an event like the collapse of the economy as unique and singular, an isolated occurrence from which to dig out from and go on with our lives. We don't see it as a continual war being waged by the Haves who want more.



We're discouraged from investigating it (Obama has actually prevented investigation & prosecution), and we're encouraged to think of it like a hurricane or earthquake, a natural disaster, "normal business cycle", like something beyond our control, "so we should just dig out and get on with our lives because it's unlikely to happen again". Or if it does happen again, "it won't be in the same way so there's no way to prepare for it".



The argument against regulations runs from, "regulations would have a chilling effect on business" (fear tactics) to "they'd have no effect on what caused the collapse" (a useless waste of time).



The snail's pace of how Washington functions plays right into the hands of the culprits behind this heist. The sheer tedium of fighting those at work to stall any momentum for real reform after a catastrophe lulls the public into apathy while it exhausts those fighting the robber barons. It enables the watering down of any tools or mechanisms in legislation that might prevent a future meltdown.
Read the Article at HuffingtonPost