Thursday, September 18, 2008

Let Them Eat Cookies!

Now that socialism from above* has come to the United States, Wall Street is substituting a representative of the real economy for the fallen representative of the paper economy: LU cookies, purchased from Danone by Kraft Foods, is as of today officially a component of the Dow Jones Industrial Index, replacing AIG. As Marie-Antoinette might have said, "Let them eat cookies!"

* Perhaps "financial socialism" would be a more descriptive term if it didn't border on oxymoron. Incidentally, I thought I had coined this phrase when I posted it a moment ago, but I see that others are using it as well.

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