After the Wall St Bailout: More Plutocracy, or the Rise of Net-Powered Politics?
techPresident —
Monday afternoon, I happened to turn the TV on just as the House of Representatives was voting on the $700 billion Bush-Paulson-Pelosi bailout bill. Watching the split-screen coverage of traders on the floor of the U.S. Stock Exchange as they stared, transfixed, waiting to see if the public, through its representatives in Washington, was going to save their skins, was exhilarating. And then, when the bill went down to defeat, and the market went back to plunging, I was thrilled.
Here's why: I'm tired of living in a de facto plutocracy. I also believe we are on the verge of a revolution in participation in government, powered by new technology that ...
Micah Sifry: After the Wall St. Bailout: More Plutocracy, or the Rise of Net-Powered Politics?
Politics on HuffingtonPost.com —
Monday afternoon, I happened to turn the TV on just as the House of Representatives was voting on the $700 billion Bush-Paulson-Pelosi bailout bill. Watching the split-screen coverage of traders on the floor of the U.S. Stock Exchange as they stared, transfixed, waiting to see if the public, through its representatives in Washington, was going to save their skins, was exhilarating. And then, when the bill went down to defeat, and the market went back to plunging, I was thrilled.
Here's why: I'm tired of living in a de facto plutocracy. I also believe we are on the verge of a revolution in participation in government, powered by new technology ...
Micah Sifry: After the Wall St Bailout: More Plutocracy, or the Rise of Net-Powered Politics?
Politics on HuffingtonPost.com —
Monday afternoon, I happened to turn the TV on just as the House of Representatives was voting on the $700 billion Bush-Paulson-Pelosi bailout bill. Watching the split-screen coverage of traders on the floor of the U.S. Stock Exchange as they stared, transfixed, waiting to see if the public, through its representatives in Washington, was going to save their skins, was exhilarating. And then, when the bill went down to defeat, and the market went back to plunging, I was thrilled.
Here's why: I'm tired of living in a de facto plutocracy. I also believe we are on the verge of a revolution in participation in government, powered by new technology ...
