Naked Capitalism - April 19, 2013
One of the things that Matt Stoller has stressed that the possibility
of reform is remote until breaks within the elites take place.
Jeffrey Sachs, Columbia professor and director of the Earth Institute
at Columbia, is a controversial figure for his neoliberal stance on
macroeconomics and his role in promoting the use of “shock therapy” in
emerging economies. But it is also important to recognize that criticism
from a connected, respected insider has more significance than that of
someone like Bill Black, who has made a career of taking on bank fraud
but has never reached a top policy-making level.
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