Bankers and Politicians are not to blame !!!! systemic flaws in the very nature of democracy

WHAT ,, Are you kidding me ? cause you can't be serious !!



Did Flaws in the Democratic System Cause the Financial Crisis?
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Contrary to popular belief, bankers and politicians are not to blame for the financial crisis. Rather, it’s systemic flaws in the very nature of democracy that allowed financial imbalances to take root.
[link to www.cnbc.com]
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Last week hedge fund guru Ray Dalio told CNBC that he does not know if we're beyond the point of being able to successfully manage the global financial crisis. He said he is worried about how another leg down in economic growth would cause social disruptions, and referred to when Hitler came to power in 1933 and the depth of the Great Depression.

“The fact that the Neo-Nazi party is on the rise on Greece does indicate that the connection between the rise of radical elements and depression remains a phenomenon, even in 2012,” Dalio said. “In other, richer countries this doesn't seem to be a trend at all, but it's one reason to recognize that dealing with short-term economic crises (like unemployment) is also a good long-term move.”

[link to www.cnbc.com]

Last Edited by boilerbengal on 09/28/2012 08:52 AM