Jesse's Café Américain Tue 2010-05-18 15:10 EDT
The US Intelligentsia and Middle Class Are In the Firm Grip of Fear, Fraud and Denial
The lie is comfortable, an illusion easy to live with, familiar, and safe. Writing from the 'disgraced profession' of economics, James K. Galbraith speaks of the unspoken, the many frauds and deceptions underlying the recent financial crisis centered in the US...``the country faces an existential threat. Either the legal system must do its work. Or the market system cannot be restored. There must be a thorough, transparent, effective, radical cleaning of the financial sector and also of those public officials who failed the public trust. The financiers must be made to feel, in their bones, the power of the law. And the public, which lives by the law, must see very clearly and unambiguously that this is the case...''
denial; fears; firm grip; fraud; intelligentsia; Jesse's Café Américain; middle class.