A Kinder, Gentler Coup d’etat – Follow on to Intervention Meme

Will not belabor what has been so eloquently well said in this Atlantic article (which can be read here…) Here is the synopsis paragraph…

The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government—a state of affairs that more typically describes emerging markets, and is at the center of many emerging-market crises. If the IMF’s staff could speak freely about the U.S., it would tell us what it tells all countries in this situation: recovery will fail unless we break the financial oligarchy that is blocking essential reform. And if we are to prevent a true depression, we’re running out of time.

by Simon Johnson

Must reading…

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One thought on “A Kinder, Gentler Coup d’etat – Follow on to Intervention Meme

  1. Pingback: Is this True? If so, then ya gotta wonder… « The Adventures of the Invisible Hand

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