17 Oct '11, 3pm

The Taibbi rule on bank lobbying - we want it now | David Boyle

The Taibbi rule on bank lobbying - we want it now | David Boyle

One of five important proposals made by the Rolling Stone financial commentator. By bogieharmond Tweet “We need a government that genuinely believes it is bigger than Goldman Sachs ,” said the London Evening Standard ’s excellent financial columnist Anthony Hilton last week. “Unfortunately,” he continued, “we lack any leader in Europe who can say that and look as if he or she means it.” Why are our leaders so pusillanimous when it comes to economics? There are exceptions, of course, but they get pushed in aside in the rush to Wait and See – by those who cling to the old order and have not yet grasped that the days when bankers and finance ran the world is now over. It has to be over, or we’re over. What is holding them back? Well, many things, cultural and psychological, of course, not least of which is Keynes’ famous dictum that “practical men ... are usually the slaves o...

Full article: http://www.neweconomics.org/blog/2011/10/17/the-taibbi-ru...

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