A blog by the magazine's editors and contributors
Eduardo Moisés Peñalver September 16, 2008 - 8:43pm
It sure is strange how things that seem good for the poor are really quite bad for them, but as it turns out, things that seem good for the rich are actually good for them, and not only for them, but for the rest of us as well.
I read somewhere that we have to be cautious and not fall into a bland form ofPelagian heresy and think that with a bit of effort, we can clear up our blighted souls. Sin is not a weed in the garden of our soul that can be plucked. Sin is a blight on the whole field and none of us is entirely free from it. Sometimes being able make a good choice isjust plain luck because of the world's established structures of sin (exploitation, militarism, over-consumption, the wasting of energy, pollution, sexism, racism, etc.) . I believe all of us to some extent partake in the imagination that dominates our society and culture. Look around!
What makes it all particularly galling is that it was giant financial institutions that drove the legislation that makes it much more difficult for individuals to declare bankruptcy. But when the giant financial institutions are teetering ...
Eduardo Moisés Peñalver is the John P. Wilson Professor of Law at the University of Chicago Law School. He is the author of numerous books and articles on the subjects of property and land use law.
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