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Giles Bowkett

the crack of doom on the hydrogen jukebox

Saturday, March 21, 2009

Rolling Stone: The Big Takeover

People are pissed off about this financial crisis, and about this bailout, but they're not pissed off enough. The reality is that the worldwide economic meltdown and the bailout that followed were together a kind of revolution, a coup d'état. They cemented and formalized a political trend that has been snowballing for decades: the gradual takeover of the government by a small class of connected insiders, who used money to control elections, buy influence and systematically weaken financial regulations.
Posted by Giles Bowkett at 4:28 PM

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