What can one call the modern rationalization that all that is wrong (anywhere and on any topic) is someone else's fault. I can see me now telling my father Michael was the one that got the booze, followed by a good pummeling for coming home in a state unbecoming of a teenager.
I am placing this in Economy but maybe it requires a new thread topic: The Modern World.
By Frank Rich
"....In his [Greenspan] rewriting of history, his clout in Washington was so slight that he was ineffectual at influencing the Congress. The roots of the crisis, he lectured, dated back to the fall of the Berlin Wall in 1989. In other words: Wherever the buck stops, you had better believe its not within several thousand miles of the Oracle. As he has previously said in defending his inability to spot the colossal bubble, Everybody missed it academia, the Federal Reserve, all regulators.
That, of course, is not true. In last Sundays Times, one of those who predicted the bubbles burst Michael Burry, an investor chronicled in The Big Short by Michael Lewis told in detail of how Greenspan and others in power either willfully or ignorantly aided and abetted the reckless boom and the ensuing bust. But Greenspan is nothing if not a representative leader of his time. We live in a culture where accountability and responsibility are forgotten values. When mistakes are made they are always made by someone else."
Op-Ed Columnist - No One Is to Blame for Anything - NYTimes.com
I am placing this in Economy but maybe it requires a new thread topic: The Modern World.
By Frank Rich
"....In his [Greenspan] rewriting of history, his clout in Washington was so slight that he was ineffectual at influencing the Congress. The roots of the crisis, he lectured, dated back to the fall of the Berlin Wall in 1989. In other words: Wherever the buck stops, you had better believe its not within several thousand miles of the Oracle. As he has previously said in defending his inability to spot the colossal bubble, Everybody missed it academia, the Federal Reserve, all regulators.
That, of course, is not true. In last Sundays Times, one of those who predicted the bubbles burst Michael Burry, an investor chronicled in The Big Short by Michael Lewis told in detail of how Greenspan and others in power either willfully or ignorantly aided and abetted the reckless boom and the ensuing bust. But Greenspan is nothing if not a representative leader of his time. We live in a culture where accountability and responsibility are forgotten values. When mistakes are made they are always made by someone else."
Op-Ed Columnist - No One Is to Blame for Anything - NYTimes.com