The unprecedented intervention of the Fed may be justified or not in narrow terms, but it reveals, once again, the profoundly undemocratic character of state capitalist institutions, designed in large measure to socialise cost and risk and privatize profit, without a public voice. |
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At www.chomsky.info
I am an aspiring mystic with a bit of experience in sales/marketing, currently living in the New York metro area with my books, candles & more books. I believe we, as a civilization, have reached the low ebb of an entire cycle (see "Hindu Yugas" & (
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