Too Big to Fail - Too Big to Exist -

Fri, 06 Nov 2009 00:00:00 -0800

senate.gov - By Senator Bernie Sanders - Nov. 06 (Statement) - Senator Bernie Sanders introduced legislation that would break up financial institutions that are too big to fail. "If an institution is too big to fail, it is too big to exist," Sanders said. "We should break them up so they are no longer in a position to bring down the entire economy. We should end the concentration of ownership that has resulted in just four huge financial institutions holding half the mortgages in America, controlling two-thirds of the credit cards, and amassing 40 percent of all deposits."

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Michael Specter’s new book ‘Denialism’ misses its targets

Sat, 31 Oct 2009 00:00:00 -0700

Grist - By Tom Philpott - Oct. 31 (Review) - Like the great institutions of European Christianity, modern science has amassed tremendous power—and not always lived up to its founding creeds. Science needs a Gibbon—someone who appreciates its intellectual grandeur and potential, but who also can train a cold eye on the “inevitable mixture of error and corruption” that has accompanied its tenure since the Enlightenment. That Gibbon is not Michael Specter, a New Yorker staff writer and author of the new book Denialism: How Irrational Thinking Hinders Scientific Progress, Harms the Planet, and Threatens Our Lives. His book purports to defend science from its philistine critics—people who, in Specter’s view, reflexively deny the validity of the scientific process. In his intro, Specter sets up the defining focus of the book. He contrasts the “rigorous and open-minded skepticism of science” with “the inflexible certainty of ideological commitment” (i.e., “denialism”). Already, we’re on thin intellectual ice; Specter evidently believes in a pure science, one that exists completely apart from ideology. In Gibbon’s phrasing, he’s defending a science as “she descended from Heaven [read: the Enlightenment], arrayed in her native purity.”

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Too Big to Fail - Too Big to Exist -

Michael Specter’s new book ‘Denialism’ misses its targets