Thursday, October 16, 2014

Why the State Has Failed to Reform Our Broken Financial System

oftwominds-Charles Hugh Smith: Why the State Has Failed to Reform Our Broken Financial System: "While the reduction of democracy to an auction in which the highest bidder controls the state is certainly one systemic reason for this abject failure,there is an even greater, more deeply systemic reason why the state cannot reform the rotten core of financialization.

The state has become dependent on the wages and profits of finance for its own revenues.
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