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psss..

One of the guys who clearly predcited a housing bubble explosion in the US just got the Nobel prize... without predicting the problem in the black banking market... (though he got it for other work)

I think you and the bankers who predicted how the disaster would propagate to the banking system could ask the nobel prize next year.

fortuantely we all agree now: nationalization, state guarantees for internal banking (regulated) transactions and huge infestructure projects (energy, green housing, trasport) with heavy taxes on the rich and specultative financial transaction and cut in taxes for small/family companies and lower incomes.

If we convince economists to include taxes on greenhouse gases (cars, heating...) in exchange for rebates for low income people we have the beginning of a new economic model...which is a capitaism if we want to call it that way.. but it is complety different from the one which exists now.

A pleasure

I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude

by kcurie on Mon Oct 13th, 2008 at 07:36:38 AM EST
great comment, kc.

it would also mitigate the myth that government is either irrelevant or outright inimical, which is borne out in voter apathy and low turnout.

for decades, even lefty governments in yurp have been seen as a problem, rather than a solution to ordinary peoples' ills.

when people see their taxes being used to raise quality of life, rather than spent on expensive war toys, then i believe civic pride would return naturally.

this breakdown is necessary, unfortunately, as we did not agree on a better way earlier, because no-one from the Serious PeopleTM was listening to the swelling chorus from jerome and others.

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Tue Oct 14th, 2008 at 07:29:22 AM EST
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