The Power Elite: Goldman Sachs

Restoring The Old Order That Failed
By Robert Butche
Published: April 23, 2009

President Barack Obama: Stability Or Reconstruction?

America’s current difficulties are shockingly reminiscent of crises in places like Russia and Argentina — including the key role played by crony capitalists. In America as in the third world 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.

Simon Johnson, Economist, M.I.T
quoted by Paul Krugman
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