HOME



Digby's Hullabaloo
2801 Ocean Park Blvd.
Box 157
Santa Monica, Ca 90405



Facebook: Digby Parton

Twitter:
@digby56
@Gaius_Publius
@BloggersRUs (Tom Sullivan)
@spockosbrain



emails:
Digby:
thedigbyblog at gmail
Dennis:
satniteflix at gmail
Gaius:
publius.gaius at gmail
Tom:
tpostsully at gmail
Spocko:
Spockosbrain at gmail
tristero:
Richardein at me.com








Infomania

Salon
Buzzflash
Mother Jones
Raw Story
Huffington Post
Slate
Crooks and Liars
American Prospect
New Republic


Denofcinema.com: Saturday Night at the Movies by Dennis Hartley review archive

January 2003 February 2003 March 2003 April 2003 May 2003 June 2003 July 2003 August 2003 September 2003 October 2003 November 2003 December 2003 January 2004 February 2004 March 2004 April 2004 May 2004 June 2004 July 2004 August 2004 September 2004 October 2004 November 2004 December 2004 January 2005 February 2005 March 2005 April 2005 May 2005 June 2005 July 2005 August 2005 September 2005 October 2005 November 2005 December 2005 January 2006 February 2006 March 2006 April 2006 May 2006 June 2006 July 2006 August 2006 September 2006 October 2006 November 2006 December 2006 January 2007 February 2007 March 2007 April 2007 May 2007 June 2007 July 2007 August 2007 September 2007 October 2007 November 2007 December 2007 January 2008 February 2008 March 2008 April 2008 May 2008 June 2008 July 2008 August 2008 September 2008 October 2008 November 2008 December 2008 January 2009 February 2009 March 2009 April 2009 May 2009 June 2009 July 2009 August 2009 September 2009 October 2009 November 2009 December 2009 January 2010 February 2010 March 2010 April 2010 May 2010 June 2010 July 2010 August 2010 September 2010 October 2010 November 2010 December 2010 January 2011 February 2011 March 2011 April 2011 May 2011 June 2011 July 2011 August 2011 September 2011 October 2011 November 2011 December 2011 January 2012 February 2012 March 2012 April 2012 May 2012 June 2012 July 2012 August 2012 September 2012 October 2012 November 2012 December 2012 January 2013 February 2013 March 2013 April 2013 May 2013 June 2013 July 2013 August 2013 September 2013 October 2013 November 2013 December 2013 January 2014 February 2014 March 2014 April 2014 May 2014 June 2014 July 2014 August 2014 September 2014 October 2014 November 2014 December 2014 January 2015 February 2015 March 2015 April 2015 May 2015 June 2015 July 2015 August 2015 September 2015 October 2015 November 2015 December 2015 January 2016 February 2016 March 2016 April 2016 May 2016 June 2016 July 2016 August 2016 September 2016 October 2016 November 2016 December 2016 January 2017 February 2017 March 2017 April 2017 May 2017 June 2017 July 2017 August 2017 September 2017 October 2017 November 2017 December 2017 January 2018 February 2018 March 2018 April 2018 May 2018 June 2018 July 2018 August 2018 September 2018 October 2018 November 2018 December 2018 January 2019 February 2019 March 2019 April 2019 May 2019 June 2019 July 2019 August 2019


 

This page is powered by Blogger. Isn't yours?

Hullabaloo


Sunday, May 16, 2010

 
Easy For Him To Say

by digby

"Savvy businessman" Jamie Dimon gave words of wisdom to college graduates this week-end:
“Throughout my life, throughout this crisis, I’ve seen many people bury themselves by failing to stand up, being mealy mouthed and simply going along with the pack,” said Dimon at the university’s Carrier Dome, where more than 5,000 students received diplomas.

He told students to “do the right thing, not the easy thing” and not to become someone else’s “lap dog.”

Dimon, 54, who was the subject of student protests before the ceremony, was met at the end of his speech with loud applause by the audience of more than 17,000.

“Have the courage to speak the truth, even if it’s unpopular,” said Dimon. “Have the courage to put yourself on the line, strive for something meaningful, even to risk the embarrassment of failure.”

I would guess he really believes that he is proof of all that by standing up for the banksters when it's "unpopular" to do so. He's a hero in his own mind.

Sadly, it doesn't appear that the youth have been particularly radicalized by any of this:

Fewer than a dozen students removed their graduation robes during Dimon’s address in a planned sign of protest of the bank executive as the commencement speaker. More than 1,200 students, alumni and supporters signed an online petition urging the university to rescind the invitation to him.

Some of them are probably going to regret not taking a symbolic stand while they had the chance. In a job market like this, you don't take stands of any kind on the job. not that Dimon would know that. He breathes the rarefied air of the super-rich, who have all the fuck-you money anyone could possibly want.

That's the truly sickening thing about Dimon's speech. Due to his cohort's hideous professional malpractice, these kids are going into a workforce in which the worker is at a huge disadvantage. It's not just that 10% workforce is out of a job ( a number which is undoubtedly understated.) The problem of high unemployment hits everyone who's working as well.

These young college graduates are going to find that they are competing for jobs with people who have years of experience and are willing to take cuts in pay and benefits because they have a nut to crack every month or kids to support and they need a job very badly. But older people are at a disadvantage as well. They tend to require higher pay and expect their experience to count for more (plus employers just don't like 'e

Those in between are working in a world in which the competition is so stiff that they can't afford to "put themselves on the line" or rock the boat in any way. They are doing the work that used to be done by three people (hence "productivity growth") and they are stuck in whatever dead end job they found themselves in before the recession began because everyone knows you are daft to quit with 10% unemployment. Workers are at the mercy of their bosses, working as wage slaves, getting no raises, feeling trapped and at their mercy. Refusing to be a "lap dog" isn't on the menu in an environment like this.

When there is 10% unemployment, the whole workforce is under stress. And the longer it goes on, the more frustrated, angry and depressed the average working stiff feels. Masters of the Universe can drone on about being brave and finding meaning and telling the truth even if it's unpopular, but he might as well be speaking in tongues for how relevant it is to workers right now.

Those kids may not know it, but they soon will. And I hope they find it in themselves to look back on this day and wish they'd turned their backs on that bastard when they had the chance. It was probably their last opportunity for a good long while to follow his advice.

.