Sunday, April 5, 2009
Economist: "What We Have Is Something Perilously Close To A Dictatorship Of The Fed And The Treasury, Acting In The Interests Of Wall Street"
Prominent economist Robert Kuttner said recently:
What we have is something perilously close to a dictatorship of the Fed and the Treasury, acting in the interests of Wall Street.Mussolini described fascism as the "merger of state and corporate power", and this seems to be what is happening in the merger of the interests of the big financial companies with the government.
1 comment:
→ Thank you for contributing to the conversation by commenting. We try to read all of the comments (but don't always have the time).
→ If you write a long comment, please use paragraph breaks. Otherwise, no one will read it. Many people still won't read it, so shorter is usually better (but it's your choice).
→ The following types of comments will be deleted if we happen to see them:
-- Comments that criticize any class of people as a whole, especially when based on an attribute they don't have control over
-- Comments that explicitly call for violence
→ Because we do not read all of the comments, I am not responsible for any unlawful or distasteful comments.
Subscribe to:
Post Comments (Atom)
Posts
"... seems to be what is happening ..."
ReplyDeleteActually, this fascism has been going on for some time. I have been hearing about the wonders of "government-business partnerships" at least since Reagan.