One nation under Wall Street
Robert Scheer, writing in Truthdig, applauds Sheila Bair’s new book:
If you want a compelling-if-unintended reason to loathe the two-party choice, check out the new book “Bull by the Horns” by former FDIC Chairman Sheila Bair. Her principled but ultimately futile effort to check the overwhelming power of the Wall Street lobby under both Republican and Democratic administrations indelibly documents the hoax that now passes for our representative democracy.
Read his take on the first presidential debate here.
Globalization of protest
From Nobel laureate Joseph Stiglitz:
The best government that money can buy is no longer good enough.
Read his piece here.
Nancy Folbre: Occupy Economics
From Nancy Folbre’s NYT Economix post, Occupy Economics:
The Occupy Wall Street movement, displaced from some key geographic locations, now enjoys a small but significant encampment among economists.
Concerns about the impact of growing economic inequality fit neatly into a larger critique of mainstream economic theory and its deep faith in the efficiency of markets.
Read the rest of the article here.
