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Even Thomas Palley (who so far as I know was not close to any of the primary election contenders), imho, has stumbled badly in his policy prescriptions the past few months. It is extremely disheartening. In a way, the problem is more cultural than anything else. We have to attack the Anglo disease every opportunity we get. I think one more big financial shock like Bare Sterns, and the Big Crack will begin.
I have been googling a bit for Thomas Palley and I found a November 2007 paper criticising Financialisation which would seem to be another name for "Anglo Disease".

When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. — John M. Keynes
by Migeru (migeru at eurotrib dot com) on Thu Jun 12th, 2008 at 10:13:29 AM EST
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