Disasters and trickle down economics

John Cole writes about the broken crane in NYC:

For those of you living in a cave or in one of the areas hit by power outages, the media has continued to run footage of the broken many ton crane dangling from the top of luxury condos in Manhattan… It’s basically the perfect metaphor for trickle down economics and the last three decades. A couple hundred tons of metal death will possibly rain down on the lessers on the ground, the city and taxpayers will have to clean up, and the owners of the $90 million dollar condo will be front and center on the NY Times talking about their “disaster.”

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