"Any society in which massive gains are privatised and massive losses are socialised is one which is suffering from a problem of predatory elites."
Karel Williams speaking at Social Life of Methods this week. More thoughts on the conference in due course.
I don't have any personal connections with James Galbraith, nor any shares in Free Press, but I have become a fervent evangelist for his "The Predator State". If every social democrat read it they might rediscover the use of teeth and claws.
Posted by: Dick Pountain | October 29, 2010 at 11:07 AM