What news will come from the MastersButtheads of the Universe today, a continuing fall in the global economy perhaps? Maybe the MBAs should have “learned to play the guitar,” as Mark Knopfler suggests, instead of learning to play the market. At least then the suffering we are enduring would have been limited to our ears instead of our financial well-being. They have succeeded in getting money for nothing far in excess of what any member of a band might get (except maybe Mick Jagger and friends).

Nichiren says, “When great evil occurs, great good follows.” (WND, 1119). So something good can come from this, amidst all the political posturing and finger-pointing. It’s not inappropriate, rather it’s essential to look at the causes of this collapse if the effects are to be avoided in the future. When you have politicians enabling, through a laissez-faire approach to the financial sector, these Buttheads of the Universe to take free-market capitalism to its most extreme the outcome is certainly foreseeable. Not, of course, to George “Herbert Hoover” (or maybe we should call him Beavis) Bush and his friends in the Republican party. Government regulation has a place, to protect citizens and taxpayers from the worst excesses of human nature. We have laws that punish criminals. We also have regulations and regulators to help prevent crimes. It may not be possible, practical or sensible to try to protect everyone from greed and stupidity, but it certainly is reasonable to have more oversight and control of the financial sector than we have had in recent years.