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Reader question:
In this headline – Buffett: Bank woes are 'poetic justice' – what does
"poetic justice" mean?
My comments:
Let's read the story first. It is as follows:
TORONTO (Reuters, February 7, 2008) – The woes in the US financial sector
are "poetic justice" for bankers who designed and sold complex investments that
have since gone sour, billionaire investor Warren Buffett said on Wednesday.
The head of the Berkshire Hathaway Inc group of companies also played down
worries about a credit crunch by saying that recent interest rate cuts mean
low-cost funds are readily available... Buffett, one of the world's wealthiest
people, appeared to see irony in the fact that many of the banks who marketed
complex investments which have now crashed are bearing much of the fallout.
"It's sort of a little poetic justice, in that the people that brewed this
toxic Kool-Aid found themselves drinking a lot of it in the end," he said.
...
Got the picture?
Now, definitions. First, justice. Justice in the ordinary sense means
eye-for-eye, tooth-for-tooth revenge or punishment. In the court of justice, for
example, when the judge sentences a murderer to death, we say it's justice being
served.
Poetic justice, on the other hand, is the sort of karmic view of events by
the artist. Or simply, it is justice in literature – in which good conduct is
usually rewarded with good while evil is rewarded with evil. In The Strange
Tales from a Chinese Studio(聊斋志异), for example, every good character in every
tale is always rewarded (with good) in the end, no matter how tortuous the path.
This ability, or tendency, or freedom of the writer to interpret events this way
is called poetic license, which, by the way, merits a column in its own
right.
Anyways, the idea of poetic justice originates from Aristotle's Poetics, in
which the Greek philosopher explains is view that poetry should be superior to
history in that it show what should occur (what's morally right to have
happened) instead of merely what does occur (what actually happened).
In short, what Buffet was saying was this: Those maverick bankers who had
created an environment that led to the sub-prime loan crisis are now forced to
drink their own poison. They are being punished for their own crime,
figuratively speaking, of course. They deserve it. It serves them right.
Or still in other words, what goes round comes round. |
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发表于 2016-7-9 23:48:16