Is the Finance Industry holding the Government hostage?
The Atlantic recently posted an article by Simon Johnson - MIT’s Sloan School of Management professor & former chief economist of the International Monetary Fund. Johnson stated the “finance industry has effectively captured our government—a state of affairs that more typically describes emerging markets, and is at the center of many emerging-market crises”. Simon continued by writing “if the IMF’s staff could speak freely about the U.S., it would tell us what it tells all countries in this situation: recovery will fail unless we break the financial oligarchy that is blocking essential reform. And if we are to prevent a true depression, we’re running out of time”. To read this article click on the link
http://www.theatlantic.com/doc/200905/imf-advice
