Fred Branfman on Michael Lewis’ Book ‘The Big Short’
[T]he real truths revealed by the 2008 financial crisis go far deeper than this Shakespearean epic of amoral and criminal Wall Street rapacity. The simple but frightening truth is that not only Wall Streeters but CEOs and government regulators are incompetent as well as greedy. They have become obstacles to economic growth as America enters a “late capitalist†phase in which the powerful prey upon the weak—including manipulating angry mobs of the uninformed—rather than producing new and healthy growth, e.g. a Clean Energy Economic Revolution, which is America’s major hope for a strong economic future
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