Warren Buffett, our country’s most famous investor, called last fall’s bank meltdown “an economic Pearl Harbor.” CNBC’s Becky Quick reminded him of this and asked him where we were, May 1st. Buffett looks like the Good-Humor Man with bodyguards, here, rattling his sword for stockholders, stating:
At that point, you could have lost the war. And there was a strike at the heart of the American system, the financial system…We got past that. Some of the right decisions were made then, so I give people great credit for doing that. The war isn’t over, though.”
Metaphors help explain what’s going on—but who exactly is the invader? Who is warring with whom? The last 30 years have seen a shameless increase in billionaires with hedge-funds, most of them “true-blue” American white males who employ CEOs. Meanwhile American wages and jobs have gone down or out of the country.
Game-players on Wall Street may love war. Winners get rich and become king of the mountain. But why should anyone fight for any king’s mountains of paper and electronic blips? Americans gave up kings when the Constitution was signed. I thought “the heart of the American system” was democracy, not “the financial system” Buffett here cites.
I am underpaid and overworked, aware of the growth in poverty around the world and among kids here at home. My adult children need 80 hours of labor to support their households, not the 40 hours my parents’ needed. Give me growing, living metaphors for any system you expect me to swallow.
Warren, make love, not war! Grow us money on trees! Dig out the cut-worms of debt. Weed out Wall Street’s witch-grass, choking out the flowering of our buzzing, living lives. I won’t rally round the flag for bogus war-mongering. I prefer what Pogo would have said about the economy last September and now: “We have met the enemy and he is us.”
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May 13, 2009 at 6:48 pm
Stephen McArthur
Well said. And what a question that was so obvious for any reporter worth his or her salt — “who is waging this war, Mr. Buffett?” “What side are we, the people, on?” “who has the weapons of this war?” “who started it and how and why?”
It’s discouraging how often reporters do not ask the most obvious questions staring them right in the face.