Greg Prince's Blog

Musings and pontifications from a reality based progressive

Analyzing the social contract

Posted by Greg on March 26, 2009

Interesting bit by Josh Marshall

We’ve been in the midst of the reporting on the AIG bonus story and related high-octane blow-ups over compensation and the behavior of key players in the finance sector. And we’ve seen a non-trivial number of complaints that we’re sensationalizing this or that story or engaging in ‘cheap’ populism. Beside the reporting innards of the story, though, what interests me about this meta-story is the way it shows the implicit social contract under deep strain and some people operating totally outside of it without realizing it at all.

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