Is the U.S. at the Mercy of an Unstoppable Oligarchy?

Moyers and economists James Kwak and Simon Johnson wonder whether the financial powers are more profitable, and more resistant to regulation than ever.
April 23, 2010 | LIKE THIS ARTICLE ?
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Loading...Petitions by Change.org|Get Widget|Start a Petition » The following is a transcript taken from Bill Moyers' recent interview with Simon Johnson and James Kwak on Bill Moyers Journal.


So even if the Tea Party folks saw the light, what can ordinary Americans do?

That's the question I want to put to my guests, Simon Johnson and James Kwak. They have written this new book, 13 Bankers: The Wall St. Takeover and the Next Financial Meltdown. It's a must read - already a best seller -- and it couldn't have come at a better time. This book could change the debate over financial reform by tipping it in favor of the public.

Simon Johnson is a former chief economist at the International Monetary Fund. He now teaches at MIT's Sloan School of Management and is a Senior Fellow at the Peterson Institute for International Economics.

James Kwak is studying law at Yale Law School - a career he decided to pursue after working as a management consultant at McKinsey & Company and co-founding the successful software company, Guidewire. Together James Kwak and Simon Johnson run the indispensable economic website BaselineScenario.com

Welcome to you both.

http://www.alternet.org/story/146528/moyers%3A_six_banks_control_60%25_of_gross_national_product_--_is_the_u.s._at_the_mercy_of_an_unstoppable_oligarchy

If we the people build a new economy and community along side of them and let them starve to death.

salguine

True, and that is why in europe after many trial and errors, it was going so far undert he french revolution as it did... Even tho it was 100 year more, before the "workers" of the world got some right, it was the starting point for what to tolerate, and what not to tolerate from our "masters"...

That, and the 1848 and 1917 revolutions, who show Europes rulers what the working man can do, if stared to mutch of their right.. The dirt rich pepole is easy to overturn, if the peopole want to do so... That is a leason everyone in power should know about

Diclotican

So long as we show them mercy; political, economic or social, they will screw us.

Thanks for the thread, Joanne.