{"id":9519,"date":"2012-01-02T19:55:57","date_gmt":"2012-01-03T00:55:57","guid":{"rendered":"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=9519"},"modified":"2012-01-02T19:55:57","modified_gmt":"2012-01-03T00:55:57","slug":"austerity-and-the-modern-banker","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2012\/01\/02\/austerity-and-the-modern-banker\/","title":{"rendered":"Austerity and the Modern Banker"},"content":{"rendered":"

Simon Johnson has another interesting article Austerity and the Modern Banker<\/strong><\/a> posted on Truth Out<\/em>.<\/p>\n

The protesters of \u201cOccupy Albany\u201d issued a powerful consensus statement recently, which reads in part:<\/p>\n

\u201cThe interests of those who purchase influence are rewarded at the expense of the People, from whom the government\u2019s just power is derived. We believe that this failure in our system is at the core of many interconnected issues we face as a society, and its resolution is key to a just future. We therefore demand true democracy, decoupled from the corrosive influence of concentrated economic power, and we call all who share in this common goal to stand with us and take action toward this end.\u201d
\n.
\n.
\n.
\nJon Huntsman, a candidate for the Republican presidential nomination, is addressing this directly \u2013 insisting that we should force the largest banks to break up and to become safer. No other candidate for the presidency is seriously confronting this issue head-on: just saying \u201cwe\u2019ll let them fail\u201d is no kind of answer when the failure of megabanks would cause so much damage.<\/p>\n

We should learn from both the WaMu and the Occupy movement. In both cases, the lesson is the same: concentrated financial power is a gift that keeps on giving \u2013 but not to you.<\/p><\/blockquote>\n

As for the statement about Jon Huntsman, perhaps this is why some Democrats in New Hampshire are crossing over to vote for Huntsman in the New Hampshire Republican presidential primary.<\/p>\n","protected":false},"excerpt":{"rendered":"

Simon Johnson has another interesting article Austerity and the Modern Banker posted on Truth Out. The protesters of \u201cOccupy Albany\u201d issued a powerful consensus statement recently, which reads in part: \u201cThe interests of those who purchase influence are rewarded at the expense of the People, from whom the government\u2019s just power is derived. We believe […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-9519","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/9519","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=9519"}],"version-history":[{"count":1,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/9519\/revisions"}],"predecessor-version":[{"id":9520,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/9519\/revisions\/9520"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=9519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=9519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=9519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}