There’s One Law for Us and Another Law if You Work on Wall Street
Cornel West: There’s One Law for Us and Another Law if You Work on Wall Street
…how do you feel things have worked out since then, both with the economy and with this president? That was a huge turning point, that moment in 2008, and my own feeling is that we didn’t turn.
No, the thing is he posed as a progressive and turned out to be counterfeit. We ended up with a Wall Street presidency, a drone presidency, a national security presidency. The torturers go free. The Wall Street executives go free. The war crimes in the Middle East, especially now in Gaza, the war criminals go free. And yet, you know, he acted as if he was both a progressive and as if he was concerned about the issues of serious injustice and inequality and it turned out that he’s just another neoliberal centrist with a smile and with a nice rhetorical flair. And that’s a very sad moment in the history of the nation because we are—we’re an empire in decline. Our culture is in increasing decay. Our school systems are in deep trouble. Our political system is dysfunctional. Our leaders are more and more bought off with legalized bribery and normalized corruption in Congress and too much of our civil life.
The rule of law, oh my God. There’s one law for us and another law if you work on Wall Street.
That’s exactly right. Even with [Attorney General] Eric Holder. Eric Holder won’t touch the Wall Street executives; they’re his friends. He might charge them some money. They want to celebrate. This money is just a tax write-off for these people. There’s no accountability. No answerability. No responsibility that these people have to take at all. The same is true with the Robert Rubin crowd. Obama comes in, he’s got all this populist rhetoric which is wonderful, progressive populist rhetoric which we needed badly. What does he do, goes straight to the Robert Rubin crowd and here comes Larry Summers, here comes Tim Geithner, we can go on and on and on, and he allows them to run things. You see it in the Suskind book, The Confidence Men. These guys are running things, and these are neoliberal, deregulating free marketeers—and poverty is not even an afterthought for them.
They’re the same ones who screwed it up before.
One last thing, where are we going from here? What comes next?
I think a post-Obama America is an America in post-traumatic depression. Because the levels of disillusionment are so deep. Thank God for the new wave of young and prophetic leadership, as with Rev. William Barber, Philip Agnew, and others. But look who’s around the presidential corner. Oh my God, here comes another neo-liberal opportunist par excellence. Hillary herself is coming around the corner. It’s much worse. And you say, “My God, we are an empire in decline.” A culture in decay with a political system that’s dysfunctional, youth who are yearning for something better but our system doesn’t provide them democratic venues, and so all we have are just voices in the wilderness and certain truth-tellers just trying to keep alive some memories of when we had some serious, serious movements and leaders.