'Intelligent discontent is the mainspring of civilization.' -- Eugene V. Debs

Tuesday, October 14, 2008

Financial Meltdown 101 

An excellent presentation about how the deregulation of finance, proselytized by Reagan and Thatcher and subsequently forged into a bipartisan consensus by Clinton, Blair and Schroeder, among others, pushed the global economy over the precipice. Complex concepts are broken down and conveyed simply and concisely. One looks forward to the forthcoming book by the author, Arun Gupta, an editor at the Independent, about the decline of the American Empire. Hat tip to Sam Smith over at the indispensable Progressive Review.

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