It’s .1% (point one percent) of $170,000,000,000, or in the context of AIG it’s 165,000,000/170,000,000,000 = .00097.  Or in other-words, absolute pennies in comparison to the bailout that has been given to AIG.  

Shame On The Media

It’s a shame how much the media has sensationalized the $165 million dollars in bonus’s to AIG employees.  Sure that’s a lot of money and can be put to better use, but how about putting focus on the astronomical number that is $170 billion!

Companies need to fail, industries need to die and evolve into something new.  Everyone including the white house has been sold on the idea that “X is to big to fail”, and everyone is hearing that from the exact same people that put the economy in the place it is today.   Hmm, that’s like being in a courtroom and hearing the testimony from the murderer saying “I’m too important to be locked up, so give me some more knifes so I can continue doing what I do best”.  OK, a bit of an extreme analogy there, but a needed one to shock some life back into the populace and the media.

Capitalism Thrives On Industry Evolution

Capitalism thrives on competition and in turn being forced to innovate.  I wont go into details here on how it’s current model is flawed and leave that up to Umair Haque who is much smarter than me and gave me the idea for the new category on my blog “Looting 2.0″.

I’ve been meaning to write this post since the day this news broke last week.  I’ve also been meaning to write many other posts as well but just haven’t had the time.  The fact of the matter is “everyone can fail, and should if driven to”.  If AIG is too big to fail, that’s synonymous with saying the United States of America is 100% dependant on a single non government entity, a publicly traded company.  What an absolute shitty situation to be in, and if that’s the case, Democracy and Capitalism in it’s current form is a TOTAL SHAM!

So, next time you hear BIG NUMBERS……demand PERCENTAGES instead, that math will tell a much better story.