Two bloggers I follow – Mad Momma & MumbaiGirl have commented about the crisis.
And I am kind of guilty of what they say. When the first news of the crash started coming in, and reports of all the super rich, over paid executives losing their jobs started flooding the media, I felt gleeful – petty, but gleeful all the same!
It just seemed so unfair that failed CEOs were walking away with multi-million dollar severance packages. Where is the justice in this? I understand that lay-offs affect a larger portion of the employees, many of whom have not yet bought their Ferraris and homes by the beach. It also affects those who are hoping to put their children through a good college education, to ensure a sound financial future for themselves… normal people like me and those I move around with.
Both being journalists (R & I), with a ringside view of the rich getting richer, our opinions are often one part socialism, one part pure envy and one part facts.
Of course, now with our investments (meagre to begin with) standing at half its original value, we feel the pinch too. We just wish those overpaid CEOs and honchos alone were hit, leaving the everyday investor unaffected.
In a perfect world, that would be the case.
In a perfect world, all of us would be rich, a size 10, enjoying multiple-orgasms, retired at 40 and totally free of envy. But this is not a perfect world. It’s a world full of Thackerays, Palins, Bin Ladens & Ashok Singhals.
It’s a world full of inequalities, and sometimes that means when someone falls, someone else will gloat. Because objectivity is not a natural human impulse. It’s a studied and developed attitude.