Paul Singer’s Lament: the Bond Market is broken, 2 replies

1)

I have yet to read Robin Wigglesworth’s essay/news report, but I have read Mr. Edward. N. Littwak’s essay Hidden Costs at the Times Literary Supplement, August 19,2016 A review of The Panama Papers, that for it’s cast of characters, that includes Mr. Singer as a seeker after the his pound of flesh, President Macri of Argentina, and Cristina de Kirchner as clients of Mossack Fonseka. What was Argentina’s Neo-Liberal White Knight Mercri doing business where embezzler de Kirchner also did business? The Argentine Melodrama never ends, but there are more names of the politically respectable bourgeois politicians, and other civic actors…

Stayed tuned,

StephenKMackSD

2)

Poor Mr. Singer! The goose that laid the golden egg is kaput? Mr. Singer and his ilk produce nothing. He is not like the notorious Henry Ford, who at the least, paid his workers enough to buy the cars they produced on the assembly line! Ford produced a product that people bought, and provided jobs that enabled generations of Americans to purchase a home, to save for retirement, and put their children through school and even college. No matter Mr. Ford’s egregious beliefs, he did something that Mr. Singer and his investors cannot do, provide those jobs that built America and got us through two World Wars.

But times are now tough for the Vultures, as Capitalism, in it’s Neo-Liberal iteration, has collapsed, and what is on offer from the Elites, that the dread Populists are rebelling against, is the Utopianism of the TTP and the TTIP. Yet we as readers can see that this class of Capitalists relies on the ever shrinking detritus of a system mired in it’s own collapse. The Panama Papers demonstrates that both the Capitalists and their apologists in the Press, in Politics and Academia are wholly corrupt, or put bluntly, just on the take. So Mr. Singer’s dire warnings about an Economic ‘brokenness’ of the Bond Market: while we in America witness daily, the Sideshow of Clinton vs. Trump i.e. of two utterly loathsome self-seeking egoists vying to rule the ‘West’ garnished by the usual ‘the lesser of two evils’ bunk is just more bad news. Mr. Singer who makes Henry Ford look like a paragon of Capitalist Virtue, bemoans his lot: quelle dommage!  In the vision of Ayn Rand the world is dived into  producers and  drones, so one might ask, what category does Mr. Singer fit into? Or to frame it in a way utterly antithetical to Rand, what tangible good does he produce? to frame it a language alien to the ‘Objectivism’ of Rand. The notion of ‘Objectivism’ being a stand in  for greed. Perhaps we can turn to Hayek for the comforting news that the Market is the only really viable form of knowledge?

StephenKMackSD

http://www.ft.com/cms/s/0/a21fec8a-6574-11e6-a08a-c7ac04ef00aa.html#ft-article-comments

About stephenkmacksd

Rootless cosmopolitan,down at heels intellectual;would be writer.
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