The divide matt taibbi review5/9/2023 ![]() When swindlers know that their risks will be subsidized, and their potential crimes will be punishable only through negotiated corporate settlements, they will surely commit more crimes. Taibbi doesn't couch it in these terms, his warning is all about moral hazard, in two senses of the phrase. Taibbi maintains, "is a terrible story, and a crazy one." The characterization is typically overwrought, but the general indictment is broadly correct.īut at heart "The Divide" is a face-slap, not a legal brief. ![]() "The cleaving of the country into two completely different states-one a small archipelago of hyperacquisitive untouchables, the other a vast ghetto of expendables with only theoretical rights," Mr. Matt Taibbi's "The Divide" is primarily concerned with the grotesquely unequal application of American justice, between the too-big-to-jail Wall Street elite and the too-poor-to-fight minority underclass. When the polemicist who made Goldman Sachs synonymous with a "vampire squid" writes a book called "The Divide," with a subtitle that references "the wealth gap," one may reasonably anticipate some undergraduate-style fist-shaking about income quintiles and the predatory rich. ![]() I had a review out in this weekend's Wall Street Journal about the new book from Matt Taibbi, The Divide: American Injustice in the Age of the Wealth Gap. ![]()
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