European Tribune - Comments - Reasons for despair: Zombie Ideas Won

Reasons for despair: Zombie Ideas Won | 51 comments (51 topical, 0 editorial, 0 hidden)

Re: Reasons for despair: Zombie Ideas Won (none / 0)

I should have mentioned that many private equity funds and hedge funds seem to have found a common position to take---no limits on executive compensation, no regulation, or we won't play.
Blackmail, pure and simple.

Who has the strongest hand here? I don't think it's the speculators.

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith

by Migeru (migeru at eurotrib dot com) on Mon Mar 23rd, 2009 at 04:27:33 AM EST
[ Parent ]

Re: Reasons for despair: Zombie Ideas Won (none / 0)

Isn't there in Dune a saying that goes, he who can destroy a resource, controls it ? Can the hedge funds destroy the economic system ?

Un roi sans divertissement est un homme plein de misères

by linca (antonin POINT lucas AROBASE gmail.com) on Mon Mar 23rd, 2009 at 11:47:01 AM EST
[ Parent ]

Re: Reasons for despair: Zombie Ideas Won (none / 0)

Only if banks provide the leverage...

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith

by Migeru (migeru at eurotrib dot com) on Tue Mar 24th, 2009 at 09:03:22 AM EST
[ Parent ]

Reasons for despair: Zombie Ideas Won | 51 comments (51 topical, 0 editorial, 0 hidden)

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