Economy
May 2009
The Quiet Coup
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.
http://www.theatlantic.com/magazine/archive/2009/05/the-quiet-coup/307364/
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