Renegade Economist Show Notes
As broadcast Wed March 25th on www.3CR.org.au
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GFC = Good For Corporates – we unveil more detail on the Geithner plan and fly thru recent economic events – how’s the detroit re-invention? If only we could inspire a mass of protest by white collar producers raising concern about the highway robbery of white collar GFC crime.
Gorbachev Bids Goodbye to Unrestrained Capitalism
By Steve LeVine
“The so-called Washington Consensus…was force-fed to the world.”
“We need to find a new model of capitalism, taking the best of the old model and the best of socialism,” says former Soviet president Mikhail Gorbachev.
*** Remember our letter to Gorbachev in 1990/91. If only we had success, how many Russian mineral billionaires would be wrecking english football?
25 People to Blame for the Financial Crisis
#1 – Phil Gramm
The study said that over 2008, global pension assets fell to $20 trillion from $25 trillion, a fall of 19 percent which took assets below 2005 levels.
The latest Geithner plan: Logical but not sufficient
A Queens construction worker used the swindler’s prison number to play the lottery and won $1,500.