Capitalism Really Is Heartless
One country’s human devastation is another country’s economic boon. And Larry Kudlow isn’t reluctant to say so (emphasis in the quote within the quote is Booman’s; emphasis in Booman’s ending commentary is mine):
I’ve seen some fine wanking in my time but not like this. The man from CNBC is a master. Here’s what he said about the loss of life in Japan yesterday:
In these tough economic times, isn’t it nice to know that calamitous natural disasters needn’t have an adverse affect on your investment portfolio? After the 8.9-magnitude earthquake in Japan failed to induce a market nosedive, CNBC’s Larry Kudlow expressed his relief in terms that seemed to appall even his fellow cheerleaders for capitalism: “The human toll here,” he declared, “looks to be much worse than the economic toll and we can be grateful for that.”
His co-host later said that the US stock markets were up because traders saw the devastation in Japan as good economic news for America. Well, for American stocks anyway.