Monday 15 November 2010

a number written on a piece of paper

This wonderful diatribe, from "The Limits of Incompetence" by Dmitri Orlov, needs no further comment from me:
The last vestige of sanity an American seems to be able to cling on to is in his ability to count his money. While he still has some money, he adds up his “net worth,” and the higher the number, the better he feels about himself. Once all he has left is debt, he adds up the money he doesn't have, and the more “credit” he has, the better he feels about himself, because of all the things he can still “afford.” And once he finally defaults on his loans and no longer has any credit, it is as if, in his own minds, he ceases to exist. “I lost everything,” he is apt to say, as if his earthly existence amounted to a number written on a piece of paper.

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