The Wall Street-Washington Financial Complex

Daily Capitalist. ^ | April 7th, 2009 | Jeff Harding

[Leisler]

There is a word for this type of cozy arrangement where a business and government elite use their power for mutual benefit. It’s a very common political system that has been used many times in many countries under different names: national corporatism, mercantilism, crony capitalism, oligarchy or plutocracy, dirigisme, and fascism. It isn’t capitalism, the free market, or the libertarian vision set forth in our constitution and Bill of Rights..........

The reason that capitalism works is that it is a system that allows millions of people to act for their own financial benefit without a Gang of Four or a Gang of 500 telling them what to do. By substituting their decisions for the decisions of millions, this small powerful group can impact much of the world. When we ordinary citizens make mistakes the collateral damage is usually minimal. When the Wall Street-Washington complex makes mistakes we all suffer. This concentration of power is why they are dangerous.

[screaminsunshine]

As we are sold down the river. Lets all sing the Republican fight song.

Tiptoe through the Tulips......All together now!

[SueRae]

Good article, still relevant..

[heartwood]

bookmarking