Not much sensitivity

The 1%, or actually the .01%, must still be having fun.  In the Thursday International Herald Tribune (my newspaper while I’m still in Israel), while page 4 had stories about how Great Britain’s recession was proving even worse than expected, and Spanish banking problems were threatening the Euro, page 5 was a full page add by Graff diamonds with a stunning close-up of a model wearing earings and pendants of heart-shaped diamonds with the main stones each larger than the dial of my wristwatch — maybe $10 million or so worth of jewelry altogether.

Okay, we know that bankers got their bail out and are still making upwards of tens of millions each year.  But at a time when increasing numbers of Greeks can’t even afford their basic medicines because of their economic crisis, how about not waving in our faces the excesses others can still afford.

About jackgoldstone

Hazel Professor of Public Policy at George Mason University
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