How did this happen? There are two versions of this little immorality tale, one coming from the "left" and the other from the "right" (the scare-quotes are there for a reason, which I’ll get to in a moment or two).
The "left" version goes something like this:
The evil capitalists, in league with their bought-and-paid for cronies in government, destroyed and looted the economy until there was nothing left to steal. Then, when their grasping hands had reached the very bottom of the treasure chest, they dialed 911 and the emergency team (otherwise known as the US Congress) came to their rescue, doling out trillions to the looters and leaving the rest of America to pay the bill.
The "right" version goes something like the following:
Politically connected Wall Streeters, in league with their bought-and-paid-for cronies in government, destroyed and looted the economy until there was nothing left to steal. Then, when their grasping hands had reached the very bottom of the treasure chest, they dialed BIG-GOV-HELP and the feds showed up with the cash.
The first thing one notices about these two analyses, taken side by side, is their similarity: yes, the "left" blames the free market, and the "right" blames Big Government, but when you get past the blame game their descriptions of what actually happened look like veritable twins. And as much as I agree with the "right" about their proposed solution – a radical cut in government spending – it is the "left" that has the most accurate analysis of who’s to blame.
