The Quiet Coup

 Author of the article, The Quiet Coup, is is Simon Johnson, former chief economist of the International Monetary Fund.

Here is a quote from the opening of the artilce:

“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.”

Scary stuff.

Don't be shy, reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.