Showing posts from February, 2016

A Real Good Reason To Not Vote A Businessman Into The White House

Many Americans (okay, mostly white Americans who vote Republican) say we need a President who will run the country like a business - I think this is because most of them don't understand how the economy really works. I recently read an article, "Masters of the Universe but Slaves of the Market: Bankers and the Great Financial Meltdown" by Stephen Bell and Andrew Hindmoor, in the British Journal of Politics and International Relations, and I think I'm finally beginning to wrap my mind around how starting in the 1980s, the privileging of the financial sector over the real economy almost collapsed global capitalism if it hadn't been for government intervention to save Capitalists from themselves. Capitalists unleashed is dangerous for America! One of the most popular explanations of the banking crises of 2007-08 (you would have heard this one a lot if you watched Fox News during the crisis), was due to imprudent mortgage lending to black and brown people