The Politics of Inequality: A Political History of the Idea of Economic Inequality - Part 1 | 10 comments (10 topical, editorial, 0 hidden)

Interesting Background NBBooks (none / 0)

I'm deeply distressed by the lack of historical understanding of who Michael Milkin was
Some 30 years ago, I was part of a team that assembled what is basically an intelligence dossier on Milkin and his operation. In no way does Milkin represent a shift and break from the traditional Anglo-American establishment control of Wall Street and American finance. The entire network of Milkin's corporate raiders, in fact, were merely front men - thugs - deployed by old line oligarchical families as they pursued their policy of deliberate de-industrialization. Rupert Murdoch was no fucking upstart, either.

More about Michael Milken here @EuroTrib ...

'Sapere aude'

by Oui (Oui) on Mon Jan 9th, 2023 at 09:16:57 PM EST

Re: Interesting Background NBBooks (none / 0)

Becoming a Banana Republic | by ARGeezer on Mar 30th, 2009 |
Simon Johnson appeared on MSNBC Monday with David Schuster. There he said that this financial crisis has the potential to be worse than the Great Depression that we are running out of time to deal effectively to prevent such an outcome and that a solution requires some form of nationalization of the big banks and breaking up the financial oligarchy that now controls US politics. The most difficult task in his opinion will be breaking the power of the oligarchy. I am very glad to see this said in the national electronic media. The interview referenced an article in the May Atlantic Monthly:

The Quiet Coup
You may want to read the entire article, but excerpts are posted below the fold.

'Sapere aude'

by Oui (Oui) on Mon Jan 9th, 2023 at 09:17:49 PM EST
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The Politics of Inequality: A Political History of the Idea of Economic Inequality - Part 1 | 10 comments (10 topical, 0 editorial, 0 hidden)