Monthly Archives: November 2011

Not Profitable for the Rich

From the Slacktivist, quoting Peter Dorman. Emphasis mine.

We don’t need new ideas to fix the economy. The policy obsessed debate the details, but the main contours in debt writedowns, regulation, public investment and related domains are well understood. The problem is that what is good for the economy is generally not profitable for the rich, and vice versa. Because of the gross imbalance of power in this country, we are unable to do what needs to be done.

via slacktivist » Smart people saying smart things.