Shock Doctrine and Wisconsin and Michigan

Author Naomi Klein wrote a book a few years ago called Shock Doctrine.  It is a powerful antidote to the pro-free markets, pro-globalization stories of authors such as Daniel Yergin and Stanislaw who wrote Commanding Heights.  I wish Shock Doctrine were a full-length video to juxtaposition against Commanding Heights. In the book, Klein documents how … Continue reading Shock Doctrine and Wisconsin and Michigan

Prank Phone Call Reveals the Real Wisconsin Governor

Governor Scott Walker in Wisconsin gets totally pranked and reveals a lot.  No, it's not about the money. It's about busting the unions and he'll lie if he has to.  From Yves Smith, the author of Econned and a blogger extrordinaire  at naked capitalism : The Beast’s “David Koch” Speaks to Wisconsin Governor Walker I … Continue reading Prank Phone Call Reveals the Real Wisconsin Governor

Why Isn’t Wall Street in Jail? | Rolling Stone Politics

The headline says it all. Why Isn't Wall Street in Jail? Financial crooks brought down the world's economy — but the feds are doing more to protect them than to prosecute them via Why Isn't Wall Street in Jail? | Rolling Stone Politics. It's all about cronyism and revolving-door regulation.  There's no way the feds … Continue reading Why Isn’t Wall Street in Jail? | Rolling Stone Politics

Fox, Hen House, Economic Advisors

President Obama, in his never ending desperate quest to be accepted by Congressional Republicans as being just like them, even if it means abandoning the changes he was elected to lead, has changed his lead economic advisors.  Simon Johnson in the NY Times observes: President Obama is embarked on a major charm offensive with the … Continue reading Fox, Hen House, Economic Advisors

“Change”: I don’t think this word means what they think it means.

From the Huffington Post: Hmmm. This isn't exactly confidence inspiring. Tim Geithner's new nominee for number two at the Treasury Department, Neal Wolin, played a key role in drafting legislation in the late 1990s deregulating the banking system, a former Treasury Department official confirms to us. We aren't going to fix the mess in banking … Continue reading “Change”: I don’t think this word means what they think it means.