WTO Promises More of the Same
If we have learned anything from the financial collapse we are living through, it’s that derivitives are bad for business and the rest of us and yet the WTO wants developing countries to welcome them. Fuzzy logic at best. What we need are a new set of regulations that eliminate the opportunity for a repeat of the instruments that brought on the financial downfall we live with the consequences of. Unfortunately, that does not appear to be happening, so we face more problems down the road that could be far worse in their impacts. The game is rigged for the wealthy with Main Street playing second fiddle to Wall Street. Banks are too big to fail and people’s homes are considered to small to matter. The solution for the rest of us is paying off debt and living as simple and self sufficient a life as possible. At least that’s how I see it. As I have written before, it’s the difference between more and enough.
For more visit http://www.thenation.com/doc/20091221/palast
- Posted on December 07, 2009 in Stories, Voodoonomics, economy |
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