Vanity Fair has a long but interesting article about the Irish financial crisis:
reland’s financial disaster shared some things with Iceland’s. It was created by the sort of men who ignore their wives’ suggestions that maybe they should stop and ask for directions, for instance. But while Icelandic males used foreign money to conquer foreign places—trophy companies in Britain, chunks of Scandinavia—the Irish male used foreign money to conquer Ireland. Left alone in a dark room with a pile of money, the Irish decided what they really wanted to do with it was to buy Ireland. From one another. An Irish economist named Morgan Kelly, whose estimates of Irish bank losses have been the most prescient, made a back-of-the-envelope calculation that puts the losses of all Irish banks at roughly 106 billion euros. (Think $10 trillion.) At the rate money currently flows into the Irish treasury, Irish bank losses alone would absorb every penny of Irish taxes for at least the next three years.
Yet when I arrived, in early November 2010, Irish politics had a frozen-in-time quality to it. In Iceland, the business-friendly conservative party had been quickly tossed out of power, and the women booted the alpha males out of the banks and government. (Iceland’s new prime minister is a lesbian.) In Greece the business-friendly conservative party was also given the heave-ho, and the new government is attempting to create a sense of collective purpose, or at any rate persuade the citizens to quit cheating on their taxes. (The new Greek prime minister is not merely upstanding, but barely Greek.) Ireland was the first European country to watch its entire banking system fail, and yet its business-friendly conservative party, Fianna Fáil (pronounced “Feena Foil”), would remain in office into 2011. There’s been no Tea Party movement, no Glenn Beck, no serious protests of any kind. The most obvious change in the country’s politics has been the role played by foreigners. The Irish government and Irish banks are crawling with American investment bankers and Australian management consultants and faceless Euro-officials, referred to inside the Department of Finance simply as “the Germans.” Walk the streets at night and, through restaurant windows, you see important-looking men in suits, dining alone, studying important-looking papers. In some new and strange way Dublin is now an occupied city: Hanoi, circa 1950. “The problem with Ireland is that you’re not allowed to work with Irish people anymore,” I was told by an Irish property developer, who was finding it difficult to escape the hundreds of millions of euros in debt he owed.
A few months after the spell was broken, the short-term parking-lot attendants at Dublin Airport noticed that their daily take had fallen. The lot appeared full; they couldn’t understand it. Then they noticed the cars never changed. They phoned the Dublin police, who in turn traced the cars to Polish construction workers, who had bought them with money borrowed from Irish banks. The migrant workers had ditched the cars and gone home. Rumor has it that a few months later the Bank of Ireland sent three collectors to Poland to see what they could get back, but they had no luck. The Poles were untraceable: but for their cars in the short-term parking lot, they might never have existed.
(via Infrastructurist) Share
Comic-book editor Steve Padnick argues that, more than other comic-book superheroes, Batman is an embodiment of plutocracy, with a good measure of Hobbesian authoritarianism thrown in:
Batman isn’t just “the man,” Bruce Wayne is also The Man. He’s a rich, white, handsome man who comes from an old money family and is the main employer in Gotham. He owns half the property in the city. In a very real sense, Gotham belongs to him, and he inherited all of it.
True, it’s a very American version of aristocracy, based on wealth rather than divine right, but in practice it’s basically the same. The myth of aristocracy is that class is genetic, that some people are just born good enough to rule, and that this inherent goodness can be passed down from generation to generation. It’s long been established, and Grant Morrison’s recent “Return of Bruce Wayne” miniseries reaffirmed, that there has always been a Wayne in Gotham City, and that the state of the city reflects the status of the Waynes at the time. The implied message of Batman: Year One, and Batman Begins, and The Dark Knight Returns, Batman Beyond, and so on is… if the Waynes are absent from Gotham, the entire city falls apart.The underlying narrative of Batman—which, in most people's minds, has largely been buried under a pile of camp 1960s kitsch, thanks to the TV series—is one of class war, with Batman, an Arthurian king-in-exile, taking back his kingdom (Gotham City) from the underclass, and reinforce the status quo where the law, rendered effete and ineffectual by red tape and concern for due process, is unable to do so:
Just look at who he fights. Superman (for example) fights intergalactic dictators, evil monopolists, angry generals, and dark gods, i.e. symbols of abusive authority. Batman fights psychotics, anarchists, mob bosses, the mentally ill, and environmentalists, i.e. those who would overthrow the status quo. Superman fights those who would impose their version of order on the world. Batman fights those who would unbalance the order Batman himself imposes on Gotham.
Consider the Penguin. He’s a criminal, a thug. But what really distinguishes him from other villains is his pretensions to being upper class. The tux, the monocle, the fine wine and fine women, running for mayor.... He tries to insinuate himself with actual socialites, some of whom are attracted to his air of danger, but most of whom are repulsed by his “classless” manners. And when his envy and resentment of his “betters” turns to violence, Bruce steps in to teach him his place.In other words, if each age gets the heroes it deserves, the (super)hero for our time, with its spiralling wealth gap, nominally democratic governments realising that they're at the beck and call of the global super-rich and consequently raising taxes and cutting back services for the little people, and the post-9/11 Long Siege, could be Batman.