Simon Johnson on The Doom Cycle (MMBM)

Simon Johnson presents his chapter on the Doom Cycle that produces (and predicts) increasingly greater financial crises - from the Make Markets Be Markets report, sponsored by the Roosevelt Institute.

Video taken from the Make Markets Be Markets conference, March 3, 2010, New York City.

The views expressed in this presentation are those of the author and do not necessarily represent the positions of the Roosevelt Institute, its officers, or its directors.

Category:

News & Politics

Tags:

• financial crisis
• Simon Johnson
• Great Recession
• Great Depression
• failure
• bank failure
• banking
• financial reform
• market reform

[Billosfrog]

The system is rigged.

And the American taxpayer is the loser.

The wealthy elite (top 1%) have returned to their pre-depression baron days and control our democracy as a result. Too Big To Fail is their insurance policy that nothing will ever change their hold on power. We are in serious indentured servitude to these people. We need to realize this.

[booley]

Yep markets self correct.

The same way a forest fire self corrects.

Both burn out of control until it destroys the very environment it needs to survive.  Then it flames out, having destroyed everything else along the way.

And both have people acting as arsonists, making sure the next crash and burn occurs.