Saturday, January 10, 2009

Le cirque qui est nos temps

Just a couple tidbits from our current age of financial insanity. Recent events have brought to light the rents paid by two iconic establishments in New York's Rockefeller Center. The Rainbow room, a spiffy restaurant and dance hall, has been paying $6 million per year while a nearby French bookstore has had its rent raised to $1 million.

Gotta sell a lotta pasta and hoity toity French books to make those rents, eh. Never mind the labor costs. Screwing the help can only get you so far in this unjust world. The landlord can take those small windfalls away no problem.

Yep, our system of oligarchical capitalism is sustainable. Sustainable like a Ponzi scheme. Our economic system? Ponzi scheme? Oh, sorry. Please excuse the tautology.