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View Diary: Has economics found its Andrew Wakefield? (37 comments)

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  •  Has nothing to do with truth and belief. (11+ / 0-)
    Unfortunately, governments and central banks are in the grip of believers and ideologues. The believers won't believe the evidence has fallen apart, and the ideologues won't care
    It's all about power and control and wealth and status.  It's about putting together a false front, a lie of huge proportions, to sell their behavior to people so they can maintain themselves without having to fight or work really hard to keep their positions.

    As all this plays out, I am more and more amazed at how mean and ugly and cruel the very wealthy are.    It has gone beyond lying, cheating, and stealing -- it's like there is a direct intent to inflict pain and suffering on the 'not one percent.'

    So many kids are growing up these days without the things they need for a constructive childhood.  What kind of future is being built?

    •  Yes, someday, (3+ / 0-)
      Recommended by:
      jm214, Sandino, radical simplicity

      we will have to quit giving people the benefit of the doubt and wake up to what they are and what they are doing.

      It simply doesn't take much brain power to realize that if unemployment keeps rising, or if unemployment is high, or if salaries keep declining, that people cannot spend and the result is economic contraction.

      What is Greece expecting in laying off 15,000 more employees?  Now, there are 15,000 less people who can spend money and pay taxes.    

      The banks have a stranglehold on the political process. Mike Whitney

      by dfarrah on Thu May 02, 2013 at 07:40:33 AM PDT

      [ Parent ]

      •  "a lot of people are suffering for no useful (3+ / 0-)
        Recommended by:
        Sandino, No one gets out alive, LEP

        purpose," writes the diarist. Well, there patently ARE purposes, as in further upward and inward wealth transfer. To a lot of "bondholders," who despite the plain print on the documentation, somehow assume that they are ENTITLED (that word again) to recoup ALL their investment, which was placed into a risk-reward situation which once again puts all the "risk" on the 99% and all the "reward" on the folks who have already taken way too much. So much that the mass and momentum of all that money keeps tilting the table ever farther and farther in the direction of the black-hole mouths at the rich folks' end.

        "Is that all there is?" Peggy Lee.

        by jm214 on Thu May 02, 2013 at 01:36:36 PM PDT

        [ Parent ]

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