links for 2007-09-29
September 29, 2007
The Shock Doctrine >> New York Times Book Review | Bleakonomics " 'The Shock Doctrine' is Klein’s ambitious look at the economic history of the last 50 years and the rise of free-market fundamentalism around the world. " (tags: economics global businessbooks) Supercapitalism >> Portfolio Magazine | Hellbent on Capitalism As Reich admits, this unfettered capitalism is very good at what it tries to do: mainly, earn profits for shareholders and offer a wide array of affordable products to consumers. It is lousy at everything else.
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" 'The Shock Doctrine' is Klein's ambitious look at the economic history of the last 50 years and the rise of free-market fundamentalism around the world."
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As Reich admits, this unfettered capitalism is very good at what it tries to do: mainly, earn profits for shareholders and offer a wide array of affordable products to consumers. It is lousy at everything else...
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For far too long, Greenspan denied the evidence before his eyes, insisting there was neither a real estate bubble nor any sign of problems emerging in the financial sector [ link].
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Options is a confection—small and sweet, but not exactly nutritious.
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Shorts on Are The Rich Necessary?, A Nation of Counterfeiters, Cool It, The Economic Naturalist, The Siege of Mecca, Evil Inc., and Flawless.
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The book's second half, which he describes as "the foundation on which to erect the conceptual framework for understanding the new economy," is as compelling as it sounds [link].