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That’s where the money is

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hrc and gs

I have a piece on Hillary Clinton’s tin ear in regard to questions regarding the relationship between her personal finances and the financial industry:

“That’s what they offered,” she explained on Wednesday, when asked why she accepted $675,000 from Goldman Sachs alone. That response carried an unfortunate echo of bank robber Willie Sutton’s explanation for why he robbed banks. “Because that’s where the money is,” he supposedly said. (This in turn brings to mind Bertolt Brecht’s remark that robbing a bank is nothing compared to founding one.)

Clinton could have protected her purportedly progressive bona fides in two ways. First, of course, she could have not taken the money. There is something disgusting about the spectacle of someone who was already wealthy far beyond the imagining of ordinary Americans continuing to accept what she claims were unsuccessful attempts to bribe her, even as she was on the eve of launching a presidential campaign supposedly dedicated to protecting the interests of those ordinary Americans against the depredations of the very masters of the universe funneling millions of dollars into her personal bank account.

Alternatively, she could at least ask voters to hate the game, not the player.

“Yes, it’s a rotten system through and through,” she could have said. “The revolving door that allows politicians to rotate out of office, take huge fees from people trying to win their favor, and then rotate back in, is absurd and wrong. I plan to do my best to make sure that in the future people can’t do this, because I know after seeing it from the inside just how corrupt it is.” (This, by the way, is not too different from what Donald Trump has been saying, which helps explain his popularity, since it’s so obviously true).

Instead, Clinton is taking the line that this is just how the system works (and will apparently continue to work), but that for unspecified reasons she happens to be the kind of person who can be trusted to defraud the people whose money she took.

That she believes this is a satisfactory response provides a glimpse into the extraordinary complacency and self-satisfaction of our elite political class in general, and of Hillary Clinton in particular. (It also helps explain the remarkable success of Bernie Sanders’ insurgent campaign).

Clinton would do well to contemplate the words of the English writer G.K. Chesterton, in response to the claim that rich politicians cannot be bribed: “The rich man is bribed; he has been bribed already. That is why he is a rich man.”

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