Alpha’s Question (Delayed)

**I mis-entered my password too many times, so the blog locked me out.. but I’m back!

Blog Post:

“Although our learnings in this course have given us further insight into wall street ventures that most of us were not aware of in the past, crooked dealings by the 1% that have a huge trickling effect on the ‘real economy’ have always been hinted towards (very frequently by Bernie Sanders). With that being said, why did it take a required reading for us to finally dive into these issues? What was holding us back?”

 

So I’ve watched a lot of Scandal recently. Yes, the ABC network drama in it’s sixth season, that Scandal.  For those of you who have not yet religiously binge watched dozens of episodes, it’s a show starring Kerry Washington as Olivia Pope, a high powered woman who knows all the Washington D.C. insider secrets, and uses them to “fix problems.” She takes on high profile clients, and helps them work around the legal system of the U.S. and work the media outlets, sometimes taking advantage of those who don’t know as much so that justice, or at least her interpretation of justice, can prevail.

When I was thinking about Alpha’s questions, I thought about it in two ways: 1. Why didn’t society as a whole dive into the issues of the financial world? 2. Why didn’t I, as an individual look into these issues? (Thank you to Jes during our group discussion in class for putting what I was vaguely thinking into concrete words).  My reasoning for both interpretations of the question stem from the same place. We aren’t concerned about things that don’t involve us on an individual level; we place a certain amount of faith in those who are making the decisions and setting the rules when it comes to things we don’t entirely understand. Prior to the stock market crash of 2009, not many people were affected by the actions of “the 1%.”  

How does Scandal tie into this?  Olivia Pope makes rules and decisions for other people, in their best interest.  She makes decisions for different people, and no one has an issue with it until it begins to negatively affect them. I think this is relevant to the mentality a lot of “normal” people have about the finance world.

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