Wednesday, July 24, 2013

James McMurtry "Choctaw Bingo"



Life in Meth-klahoma.

Suggested by wonderful article in the New York Times:
Walter may have wanted us to believe — and may, at moments, have convinced himself — that he was a decent man driven by desperate circumstances to do terrible things, but that notion was either wishful thinking or tactical deceit. ... “Breaking Bad” reveals itself as the story of a man mastering his vocation and fighting to claim his rightful place in the world. Its dark, morally scandalous vision has been imposed on the kind of tale that is, more conventionally, an inspiring parable of entrepreneurial gumption. This formula turns out to be well suited to the times.

This fellow suggests the song should be our new national anthem:
Here's where this song is so amazingly prophetic. Looking at it now, through the lens of the crash, you can see how it envisions the American economy as nothing more than an elaborate Choctaw bingo enterprise, with lots of flashing lights to lure in the unwary and the unlucky, a system that, for all its fancy formulas and talk of risk assignment, is nothing more than a sucker's game. And later in the song, McMurtry explicitly names the scam at the heart of it: subprime mortgages.

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