I find it really worrying with our Finance Minister can so easily dismiss the comments of such a well qualified and experienced economist as Joe Stiglitz. Just who's advice is he taking and where is it coming from?
Well, if you have to ask...
In the US, it’s just the big, politically-powerful banks that have not been allowed to go down, for political reasons. [...] [W]e see this type of thing happening in banana republics all over the world. Whenever a banking crisis happens, the financial sector uses the turmoil as a mechanism to transfer wealth from the general population to themselves.
[...]
[W]e see this type of thing happening in banana republics all over the world. Whenever a banking crisis happens, the financial sector uses the turmoil as a mechanism to transfer wealth from the general population to themselves.
- Jake If you only spend 20 minutes of the rest of your life on economics, go spend them here.
not to mention the further career options that open up for an ex-prime minister.
Yeah, well I'm thinking about the further career options that open up for an ex-finance minister. Want to bet that he'll coast straight into some cushy wingnut welfare gig in the lobbying or financial sector?
Besides, he can blame it all on the new government, when this thing blows up in your collective face.
But he had a cushy gig lined up from the moment he went out of the revolving door.
