OK, having owned up to my own sense of economic bewilderment and yet a gut feeling that congress made the right decision when it denied a $700 billion bailout, I’ve found an article that makes sense to me. (Click here). It clearly advocates bankruptcy over bailout. I think it’s right because it’s an honest acknowledgement of the consequences of greed. Yep, we all bear the brunt of the pain – but at least we get the chance to start over and build a more realistic and equitable economic base that is prepared to wear the cut and thrust of free market economies from a more compassionate point of view.
None of this is new or unexpected. Have a read of Micah and Amos and some of the other minor prophets in the Hebrew Scriptures. The same dynamics are being addressed. There is also a solution – but how many would find it palatable?