“When plunder becomes a way of life for a group of men, they create for themselves in the course of time, a legal system that authorizes it, and a moral code that glorifies it.”
– Political economist Frederic Bastiat, The Law (1850)
“I used to think of Wall Street as a financial center.
I now think of it as a crime scene.”
– Filmmaker Danny Schechter, Plunder (2009)
I am an old-fashioned “follow-the-money” journalist. As I’m writing this, most economists have learned to downplay fear and panic and up-play the “resilience” of the market. It’s a belief that all we need is confidence and then, all will be right with the world. Sadly, journalism has gone along with this charade by first denying the crisis and then avoiding investigating its architects and beneficiaries.
Three years ago, by choosing to be an “investigative” journalist, I made the film In Debt We Trust, with the idea in mind that I was examining “America before the Bubble bursts” (the subtitle of that film).… Read the rest