Yet again, I had the idea for a great post, bouncing off Tim Dunlop’s observation that “bloggers are the new public intellectuals” and linking back to the tradition of pamphleteering notably celebrated by George Orwell. But of course, I quickly discovered that Emily Eakin at the New York Times had beaten me to it by two weeks, and done it better than I would have.
One consolation comes with today’s Salon where Arianna Huffington asks “What would you do with all the money squandered by corporate America?”
Arianna’s piece is funnier, but I got in earlier with:
this piece beginning
” One trillion US dollars. A million million. It’s an unimaginable sum of money. It’s more than the US would spend in development aid in 100 years, and more than enough to fix many of the world’s problems once and for all.
Yet $US 1 trillion is a conservative estimate of the amount of real wealth that has been dissipated in bad investments during the ‘New Economy’ bubble of the last few years”
“Today’s ‘New Economy’ enterprises have been purpose-built for the mission of enriching their managers and the financial insiders who put them there. They have succeeded admirably in this mission. Everyone else, including workers, consumers and small shareholders, has lost out.”
Probably very few thoughts are original, but with search engines as efficient as Google, and the filtering services provided by weblogs, it’s getting harder and harder to sustain even the illusion of oringinality