Hands Off The Marketplace

Others don't. Either they like what they have and crave no more, or they creep down life's dark and narrow corridors, worried that the ceiling is about to cave in, or the floor give way. More than a few cultivate an attitude of envy. What's with these risk-takers? What's with their estates and helicopters, or just their aura of comfort and economic satisfaction? The human tendency to want what others have inspires politicians of a certain sort to offer to spank them for acquiring it.

The winds howl on Wall Street now, and soon enough voices will begin howling for punishment and prevention of further disorders. Not all calls for prevention are properly seen as squeamish or self-interested. The challenge for voters will be to sort out the sensible from the purely reflexive, malicious and just plain stupid.

The market isn't failing. Judgments made, risks assumed, in a marketplace context are failing -- even as other judgments (as is ever the case) prosper handsomely.

Deliver us, oh, Lord, from these instant, self-justifying proclamations of blame that intensify human crises. Deliver us from the idiocies that accompany the Chicken Little conviction that it's all over but the sweeping out. Everybody take a few deep breaths. Candidates, breathe deepest of all.