Friday, November 7, 2008

On the finacial crisis



"…Well, it's too late. And the owner men explained the workings and the thinkings of the monster that was stronger than they were. A man can hold land if he can just eat and pay taxes; he can do that. Yes, he can do that until his crops fail one day and he has to borrow money from the bank.

But - you see, a bank or a company can't do that, because those creatures don't breathe air, don't eat side-meat. They breathe profits; they eat the interest on money. If they don't get it, they die the way you die without air, without side-meat. It is a sad thing, but it is so. It is just so.

The squatting men raised their eyes to understand. Can't we just hang on? Maybe the next year will be a good year. God knows how much cotton next year. And with all the wars-God knows what price cotton will bring. Don't they make explosives out of cotton? And uniforms? Get enough wars and cotton'll hit the ceiling. Next year, maybe. They looked up questioningly.

We can't depend on it. The bank- the monster has to have profits all the time. It can't wait. It'll die. No, taxes go on. When the monster stops growing, it dies. It can't stay one size…"

Extract from "The Grapes of Wrath", a novel written by John Steinbeck, published in 1939.

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