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European Tribune - Anglo Disease - FT's solution: the Bush way
And that's what we're fighting about. Which means that the only solution is to take power forcibly away from them. Exert rights, and actually enforce them. And describe the criminal they are as, well, criminals.
Who's "them"? This article was not written by the bankers but by the Financial Times editorial staff. In other words, the people whose crime it is to use their credibility to convince policy makers who don't know any better that "wealth capture is wealth creation".

It's not clear what crimes they committed, but "taking power away from them" means eroding their credibility, or somehow else getting the ear of policy makers.

We have met the enemy, and he is us — Pogo

by Migeru (migeru at eurotrib dot com) on Thu Jan 3rd, 2008 at 12:35:44 PM EST
No, I think taking the power away is stated in the Edwards sense. You don't ask their permission, you don't negotiate, you don't pay ransom, you take power away from them.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Thu Jan 3rd, 2008 at 01:19:43 PM EST
[ Parent ]
I think that the credibility of the FT, the Economist and all the rest will be cruelly exposed in the months to come because they simply and demonstrably will not have a solution to the "Credit Crash".

Money as Debt is terminally fucked - and that takes the whole narrative with it.

As for "taking power away" those in charge will IMHO actually cede it willingly: they will be hoist by their own petard because they will be "out-competed" by an optimal - collaborative, and "asset-based" - enterprise model.

Classic Darwinian emergence: the financial system will be Napsterised and Equitised.

by ChrisCook (cojockathotmaildotcom) on Thu Jan 3rd, 2008 at 02:21:25 PM EST
[ Parent ]

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