We have already been treated to this particular piece of "Holmes and Watson" about a hundred posts back...Originally Posted by robuzo
We live in the age of conspiricy theories.....but nobody ever manages to adequately explain how something can be "engineered" seamlessely and unchallenged across decades; through changing adminstrations, changing beurocracies, changing people, changing economic conditions, and a changing world. Nor does anyone manage to explain how destroying a countries economy and "middle class" would benefit anyone, in a way that makes any sense.
The deregulation of the financial sector was done for reasons which seemed quite logical and acceptable at the time the process began. It could have worked well except that someone forgot about that old greed and ambition thing which had been largely invisible and held in check by the very regulations they threw out.
I don't recall any hue and cry from the "political scientists" or anyone else for that matter, so the long term risks and results were not apparent to them either it seems. 20/20 vision is always great in hindsight is it not.
Most, if not all the warnings actually came from within the financial sector itself, but as is often the case, the last people to get a hearing are the ones who actually know what they are talking about.
Academics and researchers are well paid to study things and produce "reports" and depening on their own particular leanings will produce praise or damnation accordingly. These two young fellas are obviously bright and charmingly full of persuasion.....but they had a free hand to present their case without any challenge from an equally bright and charming corporate representative team..who might just be able to make them look and sound fairly ridiculous after a short and direct question and answer session.... It would be an interesting exercise and well worth listening in on.
Seems there is a certain mindset these days that can not accept the simple fact that politicans and their advisors just fuck up, make huge mistakes and decisions where the long term outcomes are not easily forseeable. Gordon Brown in the UK made the decision to sell off the countries gold reserves at $300 an ounce....fucking brilliant decision. As a reward he was made Prime Minister later on.
This happens inside corporations as well as countries. Big companies have been brought down by bad management decisions which seemed like good decisions when they were made... Anyway I believe all this has already been covered....