The Big Think

July 8, 2015

Put Up or Shut Up

Filed under: Politics — jasony @ 8:35 am

A Modest Proposal for the New York Times:

“Everyone knows Margaret Thatcher’s quip about socialism: sooner or later, you run out of other people’s money. Sooner or later, and it is looking more and more like it might be sooner, the Germans are going to run out of money to pay for the Greeks’ lavish pension plans and retirement schemes.

But all is not lost. The sums Greece wants are quite large, it is true, but every little bit can make a difference.  And, as Mr. Krugman & Co. would be the first to insist, this a moral imperative. There’s bleeding going on. It must be stopped. People have to take a stand. So here’s my modest proposal. When the markets open today, The New York Times should shift their entire pension portfolio into Greek bonds, beginning with whatever holdings Messrs. Cohen, Krugman, and members of the editorial board may have.  It may be an adventurous investment, but, hey, were talking about medicines and imported food on the supermarket shelves in Athens. What an edifying spectacle: rancid lefties at a once-important paper put their money—their own money, for once—where their loud mouths are.

By itself, the Times won’t make a big difference. But what an example! And perhaps—we can only hope!—other left-wing organizations will follow suit and, instead of trying to spend your money or the Germans’ money, they will invest their own money in Greek bonds, thus showing the world that they are really serious about economic redistribution.  What started as a trickle from the office of The New York Times may become a raging current of altruistic investment in a real-life socialist utopia. ‘The important thing now,’ Mr. Krugman says, ‘is to do whatever it takes to end the bleeding.’ Let’s start with his own savings and pension as the first bandaid.”

Hey, it’s only fair. What’s that you say, Dr. Krugman? You don’t want to risk your personal portfolio of retirement funds on a no-win financial situation? Then why are you telling governments to risk their taxpayer’s money?

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