I remain obsessed with the story of the continuing financial collapse. And it is continuing… What happens in Ireland today could be knocking down Europe tomorrow, and ruining a lot more people’s lives on this side of the Atlantic next week. This thing ain’t over by a long shot.
Having finished Matt Taibbi’s Griftopia, next on my list is ECONned by Yves Smith, proprietor of the blog Naked Capitalism. Her book has been praised by everyone from Nouriel Roubini to Noam Chomsky, and it’s easy to see why: it’s a comprehensive takedown of the failures, inadequacies and plain stupidities of the entire field of economics as practised since the Second World War, and how they led directly to the current mess, written by someone who has worked in the financial industry for over 30 years.
Harry Shearer interviewed her on this week’s edition of Le Show, and it’s required listening. You heard me: required. Click the link and expect me back in an hour, ’cause there will be a test.