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 ... Full Story »

Posted by Kaizar Campwala
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Subjects: U.S., Business
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Posted by: Posted by Kaizar Campwala - Mar 27, 2009 - 1:23 AM PDT
Content Type: Article
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Edited by: Kaizar Campwala - Mar 27, 2009 - 1:23 AM PDT

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4.1
by Mike LaBonte - Apr. 15, 2009

As with many articles written by experts, this relies on the author's knowledge and not as much on others. That is not to say that it is all opinion, for there is quite a bit of evidence in the first 3 pages. But the last page is all opinion, well considered as it may be.

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4.5
by Ben Ross - Mar. 27, 2009

the best thing I've read on the market and government sleeping arrangements...in bed together.

off with their heads!....or something along those lines. Glenn Greenwald's quotes on 'rule of law' thursday hit the gov right where the media ... More »

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5.0
by Paul Keene - Apr. 2, 2009

All the pieces of good journalism are here (who, what, when, where, why). It's easy to read, comprehend, and incorporate into an individuals understanding of the economy. Journalism schools and their students (and by extension, the public at large) would be well served by studying and dissecting this report.

This story should be front and center of every paper, cable news channel, and news magazine in the country. All though long, it covers exactly what ... More »

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4.6
by Dwight Rousu - Mar. 27, 2009

MIT professor Simon Johnson was the chief economist at the International Monetary Fund during 2007 and 2008. His hard-hitting description of the current socio-political-economic crisis in the United States is must reading.

He has some very similar views to Greenwald and to Krugman.

The second problem the U.S. faces—the power of the oligarchy—is just as important as the immediate crisis of lending. And the advice from the More »

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5.0
by Doug Greer - May. 8, 2009

Very interesting article by an expert in the field of Economics and Finance.

In a primitive political system, power is transmitted through violence, or the threat of violence: military coups, private militias, and so on. In a less primitive system ... More »

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4.4
by Tanya J. Maurer - Mar. 31, 2009
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    4.1