So far, a half dozen prominent economists and financial writers for elite publications seem enamored with him.
Simon Johnson writes,
"Charles Ferguson makes a convincing case that the world's banking system was
brought to the brink of complete collapse in 2008--09 by a virulent combination
of unchecked greed and criminal behavior.
Predator Nation provides a roadmap for prosecution, systematically covering the banks involved, the names of culpable executives, the obvious crimes, the precise laws broken, and the evidence hiding in plain sight. No doubt it will be widely ignored by our legal officials."
We need to ask ourselves why this liberal critique will be widely ignored and what we can do to insure it won't be. It is deserving of attention. I respect the prodigious effort, but what is also true is that the elite with whom he eats, or does business, is unlikely to be the agency for change.
Hopefully, he will realize that analysis often leads to paralysis without action, and that he has to get down with the 99% to raise hell with the hell his book denounces.
News Dissector Danny Schechter blogs at newsdissector.net. For more on his book and film on financial crime, visit plunderthecrimeofourtime.com. He also wrote Occupy: Dissecting Occupy Wall Street (Cosimo Books). He hosts a weekly show on ProgressiveRadioNetwork.com (PRN.fm.)
(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).
1
1
