Read full article by Simon Johnson, Atlantic Monthly (on newstands now):
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.
But there's a deeper and more disturbing similarity: elite business interests-financiers, in the case of the U.S.-played a central role in creating the crisis, making ever-larger gambles, with the implicit backing of the government, until the inevitable collapse. More alarming, they are now using their influence to prevent precisely the sorts of reforms that are needed, and fast, to pull the economy out of its nosedive. The government seems helpless, or unwilling, to act against them.
This is the moment an old Palestinian woman is evicted from her house by
Zionists . The house, which had been in her family for generations, was
given to Jewish settler from Eastern Europe, people who had no connection
to Palestine.
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This is the moment an old Palestinian woman is evicted from her house by
Zionists . The house, which had been in her family for...
The post This is the m...
1 hour ago
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