Tuesday, March 31, 2009

The Quiet Coup

The must read, hard hitting article at link below was written by Simon Johnson, a professor at MIT’s Sloan School of Management, and chief economist at the International Monetary Fund during 2007 and 2008.

Mr Johnson accurately suggests that our finance industry has effectively taken control of our government and we're now handling the crisis like a Banana Republic.

Simon gauges our handling of this crisis through a brief look at IMF history in dealing with similar situations and states this 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.

The Atlantic: Quite coup

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