Reasons why U.S. ruling class believes in magic of the market

1. We haven’t done one damn useful thing, and we’re filthy rich!

2. We’ve discovered how to make money from nothing—it really is magic!

3. We used to have to hire workers to make stuff in factories, but not so much any more.

4. Most people have to work hard in factories or offices to earn a living.

5. But we just sell and resell securities, derivatives, hedge funds and do other cool things like speculating in real estate.

6. We can always bribe Congress to bail us out, and use some of that bailout money to bribe them some more.

7. Centuries ago, the nobles in France got rich without doing anything useful.

8. The nobles did very, very well doing nothing ... up until they were guillotined before the cheering people.

9. But we know that nothing like that can happen to us.

10. We believe in magic.

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