!!!! WALLSTREET MELTDOWN Bill Moyers !!!! FULL 1 of 3
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I remember watching this too when it first aired. I read the book. It's really good.
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OK, so if I am getting this correctly and digesting it: "bad capitalism has slit the throat of "good capitalism."
If you have swindled your way to the top of the food chain, prepare to pack up and move away from this "throw-away" debris ridden memory of a country.
If you are not at the top of the financial class, you can now safely kiss your "po" stupid ass goodbye. The "rich from rape" will have absconded, leaving you to forage through the remaining garbage heaps.
Welcome to the 3rd world.
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It's not the size of economy causing problem. It's the size of organizations hijacked by central powers of a few. We still have no idea how to reform such management evolution since written history. The influences are so huge that people have to bow down to it and try very hard climbing up to it. To offset the trend, we must agree to implement sectors reset for extreme condition not occur. Detail rules must be rewritten more often, don't hugely accumulate them like our debts machines.
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This is by far the best analysis of the financial crisis I've come across... thanks for posting!
frankodelic 3 years ago 5
I am glad this is public; just saw it on TV last night. At least there is one economic expert who speaks straightforwardly. The news is not good. This is worth watching start to finish.
PlanetThoughts 3 years ago 3