Paul Krugman, “Panic of the Plutocrats”

. . . the extremists threatening American values are what F.D.R. called “economic royalists,” not the people camping in Zuccotti Park . . . The way to understand all of this is to realize that it’s part of a broader syndrome, in which wealthy Americans who benefit hugely from a system rigged in their favor react with hysteria to anyone who points out just how rigged the system is . . . [all Street’s Masters of the Universe] . . . have paid no price. Their institutions were bailed out by taxpayers, with few strings attached. They continue to benefit from explicit and implicit federal guarantees — basically, they’re still in a game of heads they win, tails taxpayers lose.
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