Showing posts with label Joseph Stiglitz. Show all posts
Showing posts with label Joseph Stiglitz. Show all posts

Tuesday, 16 September 2008

Capitalism - A Marabou Stork Nightmare

It's only Monday and the markets are taking a hammering and the dollar is crashing again. As usual the BBC's Robert Peston offered some analysis on Meltdown Monday but unsurprisingly its the comments from the public that are more insightful than the BBC's own(although I do concede that there is another bovine element that post on message boards). Take for example this gem from sizzlestick:
"In 1997, we dumb Asians listened in abject humility as the "wise" men of both IMF and the World Bank lectured us what a sound financial system should be like. These guys went so far as to brand Malaysian PM Dr. Mahathir an incompetent Finance Minister who practised [sic] voodoo economics. 
So how now? Any wise advices [sic] for the incompetent US Fed Governor and Secretary of the Treasury."
The Gervaise family are known for their long beaks and links to General Depravity.
GONADS have theorised these features evolved for digging in corpses and snorting Columbia's finest.
Well, for what it's worth, I have some advice.