Monday, July 11, 2011

Brain-dead brigade will not fix the mess

Fund Strategy By Daniel Ben-Ami

Back during the financial crisis of 2008-09 it became fashionable to argue that a pervasive free market orthodoxy - also known as “market fundamentalism” or “neoliberalism” - had died.

Yet several prominent figures who wrote its obituary back then have more recently recanted.

Joseph Stiglitz, a Nobel laureate and former chief economic adviser to President Bill Clinton, is perhaps the most high-profile figure to have recanted. After the collapse of Lehman Brothers in September 2008 he stated without equivocation that “market fundamentalism is dead”. Yet in a widely circulated column for Project Syndicate last week, he said it had made a comeback:

More Here..


  1. Shtiglitz is a Jew and a Nobel Prise laureate - two facts by themselves which should raise the big red flags for those who are still capable of thinking. On top of that, he was an “economic” adviser (read the looting adviser) to the crook in the Oral office, who was instrumental in abandoning the Glass-Steagall act. All he is doing is steering your thinking towards the Global currency and the Global control. Wake up, damn it!

  2. Mass delusion. There will no awakening. The tiny minority that have a clue are no match for the ignorance and deceived masses. 50 to 1.


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