Thursday, May 26, 2011

Nothing going on but the rent

Which in DSK's case, is $200,000 a month. Yes, a monthly rate about the size of my 25-year mortgage. These people inhabit a different world, and in this different world, you can grope whoever you want and get away with it. Usually.

Dean Baker makes the excellent point that it's thanks to unions that DSK's alleged victim was free to report him to her bosses. Weren't unions supposed to be obsolete? Without wanting to read too much into all this, the DSK case could be a parable for our times. When we are isolated individuals, the powerful get more powerful. When we are protected by collective action, the powerful have got to watch out.