Daily Archives: July 5, 2016

BREXIT – Part 5: Jim Yardley

By William K. Black
July 5, 2016     Bloomington, MN

Jim Yardley – Part 5

Jim Yardley wrote a column entitled “Populist Anger Upends Politics on Both Sides of the Atlantic.”  Yes, anyone in the UK who supported BREXIT is just like an American supporter of Donald Trump because they are angry.  Indeed, it’s “the same” as every non-establishment politician and political supporter throughout Europe and the U.S.

The same yawning gap between the elite and mass opinion is fueling a populist backlash in Austria, France, Germany and elsewhere on the Continent — as well as in the United States.

As Tony Blair’s column correctly noted, however, the leadership of the pro-BREXIT movement was ultra-elite.  Elite opinion was fractured in the UK along multiple fault lines.  EU “elites” have, of course, brought the EU over a decade of massive bubbles, widespread fraud by financial elites, financial crises, a Great Recession, an economically illiterate response to the Great Recession that forced much of the eurozone into Great Depression level unemployment.  Oh, and those elites have been exposed in far too many cases as tax frauds and cheats.  Oh, and the head of EU Commission is the guy who turned Luxembourg into a “let’s make a secret deal” cesspool for large corporations seeking to evade paying taxes.  The dominant EU elites are colossal failures in terms of competence and ethics.  Any rational, adult citizenry would reject the dominant EU elite “opinion.”  Yardley admits at one point that the rejection is rational.

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Obsessing About The “Thin Blue Lines” While Elite White-Collar Crime Runs Rampant

By William K. Black
July 4, 2016     Bloomington, MN

The New York Times published a book review entitled “Thin Blue Lines.”  The two books reviewed were about street crimes.  Based solely on reading the NYT book review, and wearing my criminology hat, neither book adds materially to the useful literature.  The two books, and the book review, however, share a common characteristic that is worth analysis.  All three conflate “street crime” with “crime” and “police” with “law enforcement.”  The “blue lines,” of course, refer to police, rather than the FBI white-collar crime section that is supposed to investigate elite white-collar crime.  If the American police represent “thin blue lines,” then in comparison the pittance of law enforcement personnel charged with investigating elite white-collar crime represent the sheerest tissue paper – so insubstantial that they must be described as diaphanous or gossamer.

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