Articles > April 2010
April 2010
The Obama Challenge to the Banks
The Banks: First he proposes to tax them – they are going to the Supreme Court to stop him if they can.
The United States of Corporate America: From Democracy to Plutocracy
"The price of apathy towards public affairs is to be ruled by evil men." Plato, ancient Greek philosopher ...“The 20th century has been characterized by three developments of great political importance: The growth of democracy, the growth of corporate power, and the growth of corporate propaganda as a means of protecting corporate power against democracy.” Alex Carey, Australian social scientist “The most effective way to restrict democracy is to transfer decision-making from the public arena to unaccountable institutions: kings and princes, priestly castes, military juntas, party dictatorships, or modern corporations.” Noam Chomsky, M.I.T. emeritus Professor of Linguistics On Tuesday, January 19 (2010), the Obama administration got a kick in the pants from the Massachusetts voters when they filled former Senator Ted Kennedy's seat by electing a conservative Republican candidate.
Three Views of Financial Reform
In my view, the three prevailing schools of thought on financial reform are as follows, with many economists sharing one or more features of the three:1.
