Oligarchs on Wall Street

I don't like this article, but he makes some excellent points.  A worthwhile read.

The Atlantic: 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.

by Simon Johnson

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