Tag Archives: Simon Johnson

You only thought you heard the fat lady sing. Not this morning.

At memeorandum this morning, an Atlantic Online article from Simon Johnson, one of the prescient economists to whom no one listened until their own certainty in their rightness marched a nation – and a world – to the precipice. He says it’s not looking good for us because political will is failing; and we haven’t even locked the barn door yet.

The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government . . . recovery will fail unless we break the financial oligarchy that is blocking essential reform.

Probably not the most pressing concern of our troops in Afghanistan, where it is the 200th day of the War there.