      
Question for Discussion: How can we create a Democratic Global Capitalism?
Readings:; Schwenninger, "Democratizing Capital"; Hertz, "The Death of Gucci Capitalism"; Dowd, "Virtuous Banks, Really"; Baker, "Barack Hoover Obama" ; Daily Kos: Brief survey of Obama/Hoover comparisons;
;Korten,"12 Point New Economy Agenda" (121-136)
Videos: DVD: Moyers: Bankers vs. the Middle Class

Alternative to Economic Globalization
- How to Prevent the Next Wall Street Crisis
- LTCM: It's a Short-Term Memory
- Finance before the Next Meltdown
- Greenspan Recants
- The Pillage People
- Posner, A Failure of Capitalism
- Krugman, The Madoff Economy
- The End of the Financial World as we Know It
- Krugman, Reagan Did It
- Reckless, part 1
- Reckless, part 2
- Saftey Nets for the Rich
- Johnson, Who Caused the Crisis
- Prins, Its Takes a Pillage
- Obama Speech to Wall Street
- The Death of Rational Man
- Johnson, The Next Financial Crisis
- A New Financial Foundation
- To Each According to his Greed
- Who will Rein in Wall Street
- Bill for Tarp could be Huge
- What else could our Bailout have Bought
- Why there was no depression
- What went wrong with Economics
- Krugman, What went wrong with Ecconomis
- Geitner and Wall Street
- Global Financial Crisis 2008
- All Fall Down
- The End of Wall Street's Boom
- Brown, All Together Now
- Krugman, Averting the Worse
- Feds Plans to Police Banks
- Krugman, Boiling the Frogs
- Spitzer, Break the Banks
- Bailout the Bailouts
- Capitalism the Remix
- If an Economists Fall in a Forest
- Changing the World
- Is American Dream dead
- Is the Conservative Era Over
- The Decline of the Middle Class
- Dumb Money Chapte 1
- Economists for an Imaginary World
- Government has a hand in the Economy
- Everyman's Depression
- FDR's lessons for Obama
- The Fed Ignored Evidencce
- The Roof Caved In
- Finding a Gatekeeper in the World of Finance
- Goldman Sachs a Welfare Queen
- Keynes can't Help Us Now
- Krugman, The Widening Gyre
- Hutton, Krugman's Fear for a Lost Decade
- Hightower, Madoff is not the Problem
- Gorbechez, We had our Perestroika
- Posner ?, The Myth of the Rational Market
- Reich, No downturn for Greed
- Gross, The Rich War on the Rich
- Lind, RX for the Economy
- Summers and Wall Street
- Reich, Why Wall Street Reform is STuck in Reverse
- The Big Bang of Bailouts
- The Lehrman Shock
- The Real AIG Scandal
- Spitzer, The Regulatory Charade
- Lind, The Social Fabric is Snapping
- Johnson, US Inequality during the Recovery Period
- Meyerson, Wall Street's Just Desert
- Brooks, We Need a Bailout Too
- Chait, Wealthcare
- Rothkoff, Where are the Leaders
- Rich Income in 2006
- Reckless Part One
- Reckless Part Two
-



Debating Globalization
- Posner, "We are in a Depression"
- Banking Collapse of 2008 : Three weeks that changed the world ...
- Gross, "Dumb Money"
- Government bailouts of the Financial Markets
1982-2008
- The Problem is that the Federal Government has
bailed out Wall Street because it is that Finance
is at the center of a healthy economy
- The FIRE sector of Wall Street is doing really well
but the real economy of Main Street is hurting. By 2008,
Finance was 31 percent of the wealth created every year
in our GDP
- Money creating money on Wall Street through the inflation
of asset bubbles (stocks, housing, bonds, securities, or
derivatives) does not help the real economy of Main Street
- The real economy of Main Street involves companies hiring
workers, producing goods and services, and creating wealth
for real communities. If Main Street doesn't work, then our
economy doesn't work.
- Is it possible that we owe our foreign creditors so much
money, and depend on their continuing to loan money to
us, that we can't break up the Banks and reform the financial
system without really hurting our Arab, Chinese, and Japanese
creditors? If so, then Friedman is right: The Electronic Herd
is really calling the shots. This would represent the end of
any pretense at democracy in the United States. Friedman would
we right that our politics is just Pepsi or Coke with no other
alternative choices. This is what Friedman means by TINA:
There is No Alternative.
- Korten, Wall Street Markets vs. Main Street Markets
- Bailout Recipients spent Millions on Lobbying
- Watchdog Sees Huge Bill for Banks Bailout (Oct. 2009)
- Banks screwed the Government and Taxpayers
- Uncle Sam, the Enabler: How Wall Street
screwed Main Street: A Memo from the top
- Greenspan and the Wisdom of Markets
- Total Bailout Cost : $8 Trillion
- Watchdog Sees Huge Bill for Banks Bailout (Oct. 2009)
- TPMDC | Talking Points Memo | The Influence Your Money Can Buy ...
- Korten, Wall Street Markets vs. Main Street Markets
- Brooks, "We Need a Bailout Too"
- LInd, "That Sound your Hear is the Social Fabric about to Snap"
- What Else could our Bailout Buy
- G20 finance ministers agree to maintain fiscal support
- Hertz, "The Death of Gucci Capitalism"
- Naomi Klein: Wall St . Crisis Should Be for Neoliberalism
What Fall of Berlin Wall was for Communism
- Baker, "Barack Hoover Obama"
- Obama's Huge Deficit Flipflop
- Dowd, "Virtuous Banks, Really"
- Stiglitz, "How to Prevent the Next Wall Street Crisis"
- Schwenninger, "Democratizing Capital"
- Hirsh: Why We Should Break Up the Big Banks | Newsweek Voices
- Robert Reich: Breaking Up the Big Banks, and
Why Congress Won't Do It
- Leonard, The Break Up the Banks Delusion
- Leonard, Boom and Gloom
- Johnson, "Fix the Economy"
- Boone and Johnson, "The Next Financial Crisis"
- Lewis, The End of the Financial World as We Know It
- Lewis, How to Fix a Broken System
- RGE - New recommendations to solve our financial crisis (pdf)
- RGE - New recommendations to solve our financial crisis (html)
- Korten is right. We have the power and chance to reform this
Money monster that Wall Street has become. The danger is that
we won't be able to do it because of the influence of Big Money
in Politics
- Korten,"12 Point New Economy Agenda"
- Reich, "Why Wall Sreet Reform is Stuck in Reverse"
- Korten: Summary of Political and Economic Reforms

|