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	VOODOO ECONOMICS

klippety

9-28-2008 1:42 AM

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klippety says:

Over 20 years have they gone and resisted transparency thru smoke and mirrors and other charades, now the only question remains: Can we actually save Capitalism? And should; we?

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/7c34e0de-888a-4cdb-be6d-e5f279033c96/CB50E7DB-9EFE-4979-84D3-6FD74F0031B7/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.informationclearinghouse.info/article20885.htm" href="http://www.informationclearinghouse.info/article20885.htm" style="font-size: 11px;">www.informationclearinghouse.info</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.informationclearinghouse.info/article20885.htm"><FONT size="6">The End of 
					Voodoo Economics</FONT></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.informationclearinghouse.info/article20885.htm"><FONT face="Times New Roman"><DIV>Wall Street ideologues have been gambling our money and 
					screwing us all. Now is a chance to correct their excesses</DIV>
<B><DIV>By Ian Williams</DIV>
27/09/08 "</B><A href="http://www.guardian.co.uk/commentisfree/cifamerica/2008/sep/26/us.economy.wall.street"><B>The 
					Guardian</B></A><B>' -- - A</B>s the all-too-often 
					selectively quoted
					<A href="http://books.google.co.uk/books?id=GWLRkDvoXOwC&pg=RA1-PA512&lpg=RA1-PA512&dq=All+for+ourselves,+and+nothing+for+other+people,+seems,+in+every+age+of+the+world,+to+have+been+the+vile+maxim+of+the+masters+of+mankind&source=web&ots=HcnJen49FB&sig=8zSXPius2feKWRJ6FsbAQejoYog&hl=en&sa=X&oi=book_result&resnum=5&ct=result">
					Adam Smith actually said</A>: "All for ourselves, and 
					nothing for other people, seems, in every age of the world, 
					to have been the vile maxim of the masters of mankind."</FONT></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.informationclearinghouse.info/article20885.htm"><FONT face="Times New Roman">No one can say that current 
					events are a one-off. The get-government-out-of-business 
					brigade, the masters of the universe, have in their three 
					decades of unbridled power produced the
					<A href="http://en.wikipedia.org/wiki/Savings_and_Loan_crisis">
					savings and loan bail-out</A>, the
					<A href="http://www.time.com/time/magazine/article/0,9171,982475,00.html">
					Mexican bond bail-out</A>, the
					<A href="http://en.wikipedia.org/wiki/Asian_financial_crisis">
					Asian currency crisis</A>, the
					<A href="http://www.pbs.org/independentlens/enron/more.html">
					Enron</A> and other related scandals, the tech bubble, the
					<A href="http://www.businessweek.com/1998/38/b3596001.htm">
					Long-Term Capital Management</A> collapse and rescue, a wage 
					freeze for working Americans and now this.</FONT></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.informationclearinghouse.info/article20885.htm">have been arguing for 
					three decades that government has no business in business, 
					least of all in pension provision.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/CB50E7DB-9EFE-4979-84D3-6FD74F0031B7/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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