Capitalism 2.0
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Alan:
My first "Inside Job" post
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In the movie, "It's A
Wonderful Life," Jimmy Stewart fought a form of Capitalism unrelated to the predatory beast Cowboy Capitalism has become. http://www.youtube.com/watch?v=hGYTqwzJt6w
Our economic
situation cannot be understood without clear realization that "Mom and
Pop" capitalism -- even "Rust Belt" capitalism -- are
qualitatively different phenomena than the highly-financialized capitalism we have now. http://en.wikipedia.org/wiki/Financialization
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http://www.democracynow.org/2012/5/29/inside_job_director_charles_ferguson_wall
May 29, 2012
Full Show
"Inside Job" Director Charles Ferguson: Wall Street Has Turned the U.S. into a "Predatory Nation"
Two years after directing the Academy Award-winning documentary, “Inside Job,” filmmaker Charles Ferguson returns with a new book, “Predator Nation: Corporate Criminals, Political Corruption, and the Hijacking of America.” Ferguson explores why no top financial executives have been jailed for their role in the nation’s worst economic crisis since the Great Depression. We also discuss Larry Summers and the revolving door between academia and Wall Street, as well as the key role Democrats have played in deregulating the financial industry. According to Ferguson, a "predatory elite" has "taken over significant portions of economic policy and of the political system, and also, unfortunately, major portions of the economics discipline." Click here to see Part 2 of this interview. [includes rush transcript]
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