Korten

Don't Fix Wall Street, Replace It

The current economic debate centers on how best to revive our existing economic system through some combination of a Wall Street bailout and a job-creating economic stimulus package. That amounts to trying to revive an economic system that has failed in every dimension: financial, social, and environmental. Rather than prop up a failed system, we should use the current financial crisis as the opportunity to create a system that works.

A Bold Proposal for a New Economy

The free market guru Milton Friedman understood what so many progressives do not: that crises create opportunities for radical change. Naomi Klein called this the "Shock Doctrine." One of Friedman's opportunities was the brutal 1973 coup in Chile, which opened the door for the market-opening fundamentalism that Ronald Reagan and Maggie Thatcher then pushed around the world in the 1980s.

Posted in Economy/Trade, Korten
Syndicate content