Peeing in the Economists’ Pool

Matt Stoller has posted the article Peeing in the Economists’ Pool.

Antitrust Division chief Jonathan Kanter told a roomful of fancy lawyers and economists that their day of controlling the law through tricky language is over.

Matt Stoller gives you some details of how the corporations and the courts have twisted the anti-trust laws into something with loopholes big enough to drive a monopoly through. If there were any non-corrupt leaders in any of the branches of government, this should have been stopped decades ago. One economist, Michael Hudson, focuses on how the financialization of the USA economy is eventually going to make the USA a losing economy. This is not just an academic argument. The 99% of us are going to be hurt badly if this continues.

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