{"id":2631,"date":"2009-03-21T13:39:39","date_gmt":"2009-03-21T17:39:39","guid":{"rendered":"https:\/\/blacknell.net\/dynamic\/?p=2631"},"modified":"2009-03-21T13:39:39","modified_gmt":"2009-03-21T17:39:39","slug":"financial-literacy-is-political-power","status":"publish","type":"post","link":"https:\/\/blacknell.net\/dynamic\/2009\/03\/21\/financial-literacy-is-political-power\/","title":{"rendered":"(Financial) Literacy Is (Political) Power"},"content":{"rendered":"<p>Much longer piece coming on <a href=\"http:\/\/www.rollingstone.com\/politics\/story\/26793903\/the_big_takeover\/print\">Matt Taibbi&#8217;s Rolling Stone article<\/a> about the mess we&#8217;re in, but I had to share this as soon as I read it:<\/p>\n<blockquote><p>As complex as all the finances are, the politics aren&#8217;t hard to follow. By creating an urgent crisis that can only be solved by those fluent in a language too complex for ordinary people to understand, the Wall Street crowd has turned the vast majority of Americans into non-participants in their own political future. There is a reason it used to be a crime in the Confederate states to teach a slave to read: Literacy is power. In the age of the CDS and CDO, most of us are financial illiterates. By making an already too-complex economy even more complex, Wall Street has used the crisis to effect a historic, revolutionary change in our political system \u00e2\u20ac\u201d transforming a democracy into a two-tiered state, one with plugged-in financial bureaucrats above and clueless customers below.<\/p><\/blockquote>\n<p>Dead on.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Much longer piece coming on Matt Taibbi&#8217;s Rolling Stone article about the mess we&#8217;re in, but I had to share this as soon as I read it: As complex as all the finances are, the politics aren&#8217;t hard to follow. By creating an urgent crisis that can only be solved by those fluent in a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"ngg_post_thumbnail":0,"activitypub_content_warning":"","activitypub_content_visibility":"","activitypub_max_image_attachments":4,"activitypub_interaction_policy_quote":"anyone","activitypub_status":"","footnotes":""},"categories":[8,3],"tags":[],"class_list":["post-2631","post","type-post","status-publish","format-standard","hentry","category-politics","category-society"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/blacknell.net\/dynamic\/wp-json\/wp\/v2\/posts\/2631","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blacknell.net\/dynamic\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blacknell.net\/dynamic\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blacknell.net\/dynamic\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blacknell.net\/dynamic\/wp-json\/wp\/v2\/comments?post=2631"}],"version-history":[{"count":2,"href":"https:\/\/blacknell.net\/dynamic\/wp-json\/wp\/v2\/posts\/2631\/revisions"}],"predecessor-version":[{"id":2633,"href":"https:\/\/blacknell.net\/dynamic\/wp-json\/wp\/v2\/posts\/2631\/revisions\/2633"}],"wp:attachment":[{"href":"https:\/\/blacknell.net\/dynamic\/wp-json\/wp\/v2\/media?parent=2631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blacknell.net\/dynamic\/wp-json\/wp\/v2\/categories?post=2631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blacknell.net\/dynamic\/wp-json\/wp\/v2\/tags?post=2631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}