Thursday, September 27, 2018
Is this really Emersonian? /// EDIT: NO. IT'S NOT ANYTHING AT ALL.
After the giant HAHA of the previous item, I got thinking. Is this really Emersonian (Natural Law) justice?
Not directly, but it qualifies in a sort of double-negative way.
Compare with 2008. Wall Street had SLAUGHTERED the country by committing MASSIVE actual prosecutable frauds. But along with the frauds, the bankers were so uncontrollably reckless that they were going to be taken down by good old-fashioned capitalism. Their losses couldn't be sustained by taking more deposits because they had EXTERMINATED the people who would have deposited money. They had used up all of the available resources, and the NATURAL result was failure.
In 2008 the regulators intervened to PREVENT honest capitalism from doing its natural job. They manufactured trillions of counterfeit dollars and REWARDED the fraudulent bankers. They never even considered prosecuting the frauds.
With Elon the overall damage is much smaller. He's mostly hurting his own cultists and investors, who deserve to learn a lesson; plus a few innocent bystanders like the diver in Thailand. Natural justice is approaching soon, as lawsuits are piling up from all sides. If the share value drops below a certain threshold, some of his loans will automatically come due, requiring a payment that he can't make.
In this case the regulators DIDN'T pour in billions of dollars to halt the natural capitalist justice, AND they stepped in to prosecute the most obvious and blatant fraud.
So it's a turnaround from 2008 in two ways. Natural justice wasn't cheated, and legal justice is enforced.
Labels: infinite infinite infinite infinite evil, NOT Emersonian justice
¶ 5:24 PM
