A Financial Casino Would Be a Step Up From What We Have
Published on naked capitalism, by Yves Smith, August 10, 2014.
This is a terrific and very accessible interview with Boston College professor Ed Kane, who is a long-standing critic of the failure to rein in financial firms that feed at the taxpayer trough. At one point in the talk, Kane and his interviewer Marshall Auerback discuss how casinos are well aware of the fact that the house can lose and they monitor gamblers intensively to make sure that no one is engaging is sleight of hand. Thus if we treated our banking system like the financial casino that it has become, we’d be much better off than we are now.
I hope you’ll send this video to people who wonder what if anything happened with financial regulatory reform. They’ll get some answers, even if they are ones they might not have wanted to hear … //
… listen the video, 22.28 min,
(also on YouTube, uploaded there by INET economics, August 4, 2014) … //
… (full text).
Related Links:
- Ilargi: Follow The Money All The Way To The Next War, on naked capitalism, by Yves Smith, August 10, 2014;
- Economic War in Venezuela continues … BUT … social programs forge ahead, on Axis of Logic, by Arturo Rosales (surveys the landscape from Caracas), Aug 8, 2014;
- Peter Hudis – Marx’s Concept of the Alternative to Capitalism, 113.20 min, uploaded by Institut za delavske studije, June 11, 2014;
- Asians should not aspire to replicate exceptionalism of American capitalism, 1.30 min, uploaded by gifthk, March 21, 2014;
- A Future Beyond Capitalism? 18.43 min, uploaded by The RSA, Feb 5, 2014;
- Manuel Castells: The Global Financial Crisis and Alternative Economic Cultures, 110.12 min, uploaded by The New School, May 31, 2012: Manuel Castells on en.wikipedia;
- RSA Animate: Crisis of Capitalism, 10.58 min, ploaded by World Informant, Aug 23, 2010;
Other Links:
Spreading the truth’ Spanish volunteers join fight against Kiev in E. Ukraine (VIDEO), 1.40 min, August 10, 2014;
Doncaster care workers set to intensify strike in fight for living wage, on The Guardian, by Daniel Boffey, Aug 9, 2014 (and many comments): Fifty carers for disabled began action nearly seven weeks ago after firm took over NHS service and reduced pay by up to 35% …;
Official Public Discourse in America: Censorship and Orwellian Double Think, Publicity of the Unspeakable, on Global Research.ca, by James F. Tracy, August 8, 2014;
Les fonds vautours qui dépècent l’Argentine se jettent sur l’Espagne, dans Voltairenet.org, par Jérome Duval, Fatima Fafatale, le 31 juillet 2014;
La métamorphose de Bachar el-Assad, dans Voltairenet.org, par Thierry Meyssan, le 28 juillet 2014;
… and this:
- Keith Jarrett – Standards Trio, 104.50 min, uploaded by Dominic J Marshall, Sept. 1, 2012.