Readers, this article by its publication date is a bit dated, and I will suggest that it is ever more relevant now, and fundamental to understanding how priorities are set as economic policy. The slow waltz transfer of alliances and spheres of influence is becoming an invitation to the closing of these. It all seems to be from a strategy to glut the transnational oligarchy into more stupidity and more greed. The finer point is that the ideology of financialized corporate capitalism has gone through the supposed maturing to being based upon appearances only.

The calls for better bank regulation are many. This column argues that regulators have the concepts right, but the mechanisms are in need of repair.

This article is extracted from a larger essay entitled the "Professionalization of Philosophy." It digs rather deeply into the failings of professionalized intellectual discourse. In effect the article examines the politics of the professionalization of both philosophy and of economics. A close reading of The Structure Of Scientific Revolutions by T. S. Kuhn produces similar conclusions, that "science" progresses by the mortality of the loyalists to specific paradigms, not by the intrusions or innovations of extraordinary science.

Readers, (hand waving in the air) I can answer that. Much of what passes as liberal or left political economics has been coopted by the deeply fascist nature of our institutions. That Pope Benedict is declaring this is mostly a joke given that he has never given up his fascist association with the brown shirts of Hitler's era. That he is speaking on this, is primarily an indication of how bad the situation has become, not that he or the Roman Catholic Church would advocate anything other that a reversal of the Reformation and of the Renaissance.

Hello readers, in my opinion what Black is describing is the definition of fascism. Forty years back this corporatist strategy came at the same time as the establishment of various fascist strategies which included the funding of the Heritage Foundation et al. In every case the intent has been the subversion of the rule of law under a democratic society. Here in my use of the word "democratic" centers upon the economic effects of the rule of law.

A SEC whistle-blower claims that over the past two decades, the agency has destroyed records of thousands of investigations, whitewashing the files of some of the nation's worst financial criminals.

We Americans have recently witnessed the ability of the tea party Republicans to throw the American economy into a possible double dip recession.

http://www.thenation.com/article/162809/daylight-robbery-meet-nighttime-...

I keep hearing comparisons between the London riots and riots
in other European cities - window smashing in Athens, or car
bonfires in Paris. And there are parallels, to be sure: a
spark set by police violence, a generation that feels
forgotten.

But those events were marked by mass destruction; the looting
was minor. There have, however, been other mass lootings in
recent years, and perhaps we should talk about them too.
There was Baghdad in the aftermath of the US invasion - a

Readers, this is, in my opinion, a very good article about functional fiscal policies versus dys-functional fiscal policies. It all seems to go back to Adolph Lowe's comment about assuming that the vehicle has a steering mechanism, rather than pretending that it does not have the means to steer it otherwise. Functional fiscal policies as a first assumption presses for modern monetary economics.The system is preferenced toward financialized economics as a privately controlled public franchise. for now, Tadit Anderson

Readers, This is a very,... very good article. William Black takes great effort to communicate the political economics of what has been the crimino-genic nature of our corporate culture. This is in effect a sociology of economics based upon a version of deviance of neo-classical econo-theology. I am going to have re-read this a couple of times. It also has several very apt parallels into the nominally progressive community. Which has historically has acted to neutralize criticisms, in part by setting the bar lower

for now, Tadit Anderson