Wednesday, October 4, 2023

     Last night, my wife and I watched, again, the movie "The Big Short."  As some readers know, this movie describes the chain of events that led to the enormous debacle in the housing market in 2008 America and, given the international connections of economic activity, many parts of the world.  Millions of people lost their homes, and millions of people lost their savings.  It took years for markets to recover.

    Predictably, however, the ones ultimately responsible for the debacle, the chief executives of a number of major American banks, were never penalized or held to account for their actions and missteps.  These people never skipped a beat.  Even today, they continue to make unwarranted bets on the economic pulse of the country--and continue to earn enormous amounts of money.

    Justice is hard to find here.  At the same time, I hesitate to find comfort in suggesting that these individuals will one day be judged by powers greater than the  legal systems of the world.  On the other hand, I am grateful that for all of our human twists and convolutions, we are, in the end, beholden to a morality that we did not manufacture or make.

    Somehow, some way, we're all subject to whom we are not.

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