Alan Greenspan is a Good Communist

The Federal Reserve System is a central planning agency with the same detachment from popular democracy as was made infamous in the former Soviet states. The fact that he is so popular with bankers and transnational corporations is precisely because he is a bureaucrat who works so diligently for the interests of those superorganic entities and is so unmoved by the needs of the "common folk." This is why it was so easy for him to say, in so many words, that we need to let the common folk know that when they retire (especially the common baby boomer folk) they will be on their own and should not expect the social security system to live up to their expectations. This new social contract that Alan Greenspan is talking about calls for the future retirees to "paddle their own damned canoes" and if the canoes have holes then they had better be good swimmers. Or, as Scrooge would have put it, die and decrease the surplus baby boomer population.