Business As Usual The Next Wall Street Collapse

NB: Dit artikel is inmiddels vertaald

The economy teetered on the brink but did not fall into the abyss. The bailouts, the stimulus, and adequate international political comity—each imperfect, even ugly—nevertheless prevented what was otherwise very likely: another Great Depression.

But the collective sigh of relief and overconfident pronouncements emanating from Wall Street and Washington obscure the fact that we have done little to avert an even worse crisis in the future. We may have stanched the bleeding, but the underlying disease — a culture, ideology, and political economy of uninhibited finance — remains. Indeed, by tiptoeing around the real issues we may ultimately make things worse.

(zie rest artikel hier: http://www.bostonreview.net/BR36.1/kirshner.php)