Two Three chillingly accurate assessments on the state of U.S. governance.
From the Atlantic Monthly, Simon Johnson’s The Quiet Coup navigates the labyrinth of Western banking and its near-complete control over U.S. Congress.
The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government “a state of affairs that more typically describes emerging markets, and is at the center of many emerging-market crises. If the IMF’s staff could speak freely about the U.S., it would tell us what it tells all countries in this situation: recovery will fail unless we break the financial oligarchy that is blocking essential reform. And if we are to prevent a true depression, we’re running out of time.”
Read the entire article here: http://www.theatlantic.com/doc/print/200905/imf-advice
After you’re done reading Johnson, and feeling angry and depressed at the way in which “for the people, by the people” has been hijacked into “for a very small number of powerful families” – browse over to Salon.com and read Glenn Greenwald’s short article on Senator Dick Durbin, who this week said:
And the banks — hard to believe in a time when we’re facing a banking crisis that many of the banks created — are still the most powerful lobby on Capitol Hill. And they frankly own the place.
Added 1 May: Â Another essay, this one from The Nation, on the incestuous abusers of financial power now effectively running this country, and some of the reasons that got us here: http://www.thenation.com/doc/20090511/scheer