Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America

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We are transitioning to something new and it has less to do with the evolution of an individual country like the United States and more to do with the withering away of states in general.

This is causing a corporate anarchy where there are really no rules or regulations for the game, and there are no physical borders. I think across states and borders, these banks and financial companies are going to become more concentrated and more unaccountable.

I think that process is irreversible. I was just in a foreclosure court down in Florida and I watched a foreclosure lawyer come in with a stack of foreclosures that literally went above his head. Each one of those folders had faulty paperwork in it. Clearly, there are going to be consequences for all of this. If we have a massive tax increase or hyperinflation, I would imagine there could be some kind of unrest. But the amazing thing is we just had this huge, seemingly like once in a generation financial crisis and we did not have a movement specifically directed at the people who caused it.

Griftopia - Wikipedia

What kind of results do you think we can expect from the recent elections? Originally there was a chapter in the book, quite a long chapter, about foreclosure and about the documentation problem in the housing market. We left it out because we thought it was too arcane and difficult to follow.

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My Dutch wife and I have for a long time discussed the reason US people often vote against their own best self interests and how inequality has evolved so greatly. This is a very complicated and long story, made more difficult to understand by the clever and persistent disinformation. It is akin to the Matrix But Taibbi offers a solid explanation: During the time from WW2 until say , rich and rising middle all shared in the temporary prosperity created by turmoil following the war.

The middle share came from a combinations of strong labor unions and strong regulations created after the Depression to prevent banks and finance from gaming the economy. By Europe was rebuilt and the Asian countries were beginning to become serious competition. In Reagan they found a perfect 'front man' Start undoing the regulations and participating more directly in government.

This con has taken 30 years and is still very much in play. Bubbles of fake value offer huge opportunities for very complicated theft and changes in the laws prevent prosecution. And at the same time, your looney - pit bulls like Palin, Hannity, or Limbaugh keep shouting out that the enemies of the working class are the poor, minorities, immigrants and the government itself! While we the rich take the cash out the backdoor. Most people I know, be they conservative, liberal, or somewhere in between, try to live decent, moral lives. Well, this book is about the other cats. Ya know, the kind of greedy creatures who eat human hearts for breakfast.

Many of these immoral nasty globs of walking excrement, who inhabit the world of Wall Street finance and Washington DC, seem to rationalize their actions as necessary and, heck, even heroic.

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Taibbi does a nice job explaining in layman's terms why you should be upset with so-called "Masters of the Universe. Lying, cheating, as well as scamming are the norm in the land of Mordor and all are abundantly displayed in 'Griftopia. Ponzi schemes; the dot-com. There's a lot of people to hate in this thing. If you don't step away from 'Griftopia' better informed and ticked off then there's a Taibbi is a solid muckraking journalist who is smart, insatiably curious and knows how to explain issues in a clear, entertaining manner.

Taibbi is so good, I'm going to be picking up his other works. It's a great way to become a better informed citizen and the ensuing anger will clean out the plaque buildup clogging your arteries. See all reviews. Most recent customer reviews. Taibbi's masterpiece on American greed and self-destructiveness.

Griftopia: Bubble Machines, Vampire Squids, And the Long Con That Is Breaking America (Unabridged)

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