The 99%ers versus the 1% -- A fair fight, right?

[Tesha]

Today's "Non Sequitur":

[leveymg]

1. When the sea gets polluted or environment changes, the little 'uns are more likely to survive.

Time and time again during Big Die-Offs, we see the big things with teeth are too specialized to survive. Their advantage is only temporary, and is maladaptive to a depleted or changed environment.

The little 'uns will do just great without Mr. Big.

[Tesha]

2. Perhaps, but wealth is a resource that can help the big things survive as well.

With wealth, they can buy defense against the 99%.
We've seen that proven over and over again over the
past many years, but especially in the past few weeks.

Tesha

[leveymg]

3. Even the wealthy have limited resource contraints, and they're also hitting those limits.

There's only one way for them to go, and since they're now blowing up bubbles with public money (the last available bubble), when that bubble bursts there's no longer any support or a natural bottom for their overvalued assets prices. Without a natural bottom, they'll just keep sinking.

With the failure of the Wall Street system, which is a Ponzi, the productive assets will have to be reorganized into more sustainable forms that put people back to work, and finance will have to be largely nationalized. Holders of debts that were previously extremely overvalued and kept afloat by expectations of public bailouts(Krugman's term is "Pangloss Value") will take a huge haircut, and many financial intermediaries will probably not survive. The Wall Street dinosaurs will die of their own pollution and unsustainable excesses.

[Tesha]

4. A kick for the evening crowd... (NT)

[louslobbs]

5. K&R n/t

Lou