THE BLIND INVESTORS: A LETTER TO THE ECONOMIST (November 1, 2011)
I fully appreciate your main leader’s disdain of Europe’s supposed rescue plan (“Europe’ Rescue Plan,” October 29, 2011). Words are cheap, as you rightly say. But I wonder about your silence concerning the enthusiasm with which it was received by the stockmarkets worldwide only a few days ago. After all, these are the very linchpins of the capitalist system that is to be saved willy-nilly from its own many failings. Silly as the so-called rescue plan was from the very beginning, if not even earlier, it was no less than cheered by the investors around the globe. And cheered it surely was, as witnessed by all the financial indices on offer. They went sky-high one and all. It took the blind investors several days to adjust their views to the shortfalls of the plan that had long been foretold. For all to see, your online edition is still silent about all this. Will you ever take your beloved investors to task? Will you ever chide them for their palpable blindness? More important, will you ever see them as complicit in the troubles of the entire capitalist system they represent?