The Economic Crisis, Now with 100% Less Shit Piss Fuck.

A former offical of the IMF says a lot of the same stuff as Matt Taibbi did in Rolling Stone.

I wrote about Matt Taibbi’s article about the current financial crisis the other day, and some people I discussed it with thought Taibbi was long on the rant and short on the facts. This article says substantially the same thing: the high flyers in the financial industries have taken over the economic and political system, and we have to take the country back from them, or we’re well and truly fucked.

3 thoughts on “The Economic Crisis, Now with 100% Less Shit Piss Fuck.”

  1. I didn’t read the whole thing (it’s very long), but what I did read of it sounded exactly like the kind of garbage that the IMF typically pushes. I just finished reading Naomi Klein’s “Shock Doctrine”, which is largely about the effect of IMF policies on the countries they “help reform”. Many of the examples this guy cited were the same ones discussed in the book, but the context and the claimed results of reform were opposite – i.e. the result tends to be that the haves might get richer over time, but only by way of increasing the depth and breadth of poverty, selling out all local industry to MNCs. These are precisely the “reforms” that are pushed through. That’s only a high level summary of part of what the book is about, but I’d say it’s pretty essential reading, particularly for getting some insight in to neocon policy.

  2. Actually, I just skipped ahead to the fourth page to see if I could get what he was saying and I don’t really get it. Is his answer just to nationalise or sell the banks?

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