Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America Highlight

It was almost the perfect example of politics in the Bubble Era, where the time horizon for anyone with any real power is always close to zero, long-term thinking is an alien concept, and even the most massive and ambitious undertakings are motivated entirely by short-term rewards. A radical reshaping of the entire economy, for two election cycles’ worth of campaign cash—that was what this bill meant. It sounds absurdly reductive to say so, but there’s no other explanation that makes any sense.