"In a new article in Rolling Stone Magazine, journalist Matt Taibbi takes an in-depth look at the story behind AIG. "The reality is that the worldwide economic meltdown and the bailout that followed were together a kind of revolution, a coup d'état," writes Taibbi. "They cemented and formalized a political trend that has been snowballing for decades: the gradual takeover of the government by a small class of connected insiders, who used money to control elections, buy influence and systematically weaken financial regulations."
LINK TO THE ARTICLE in Rolling Stone.
Can you imagine the ramifications of this sort of a take over? I think we have to quickly establish ourselves back on Main Street. We need to start buying locally. Small,local business and human-sized agriculture will be the only things that would keep us out of this thresher.
Sadly, our own government has been forcing other smaller countries like Jamaica and Haiti- to name only two- into really poor conditions while all this consolidation occurred. This is really a little like chickens coming home to roost on a house (most of us) that was full of hostages rather than on the right ones.
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I’m going through some stuff but I will peek in now and then and will be back when it’s over..