The economic elites who run the banking sector in our country are largely responsible for getting us in to the mess that we are in. Yet, they remain in power--entrenched. They are quite powerful still. So powerful, in fact, that they remind Simon Johnson of the same economic elites who control entire economies of third world countries. Mr. Johnson knows a thing or two about these things (he used to work for the IMF).
Johnson draws some very interesting parallels between his experiences attempting to resolve various economic crises in the third world--and our country's seeming inability to do what is necessary to fix things. Hint: some pretty powerful economic interests would really rather not have those problems fixed. That would not be in their financial interest.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment