We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lappé, excerpt from Time for Progressives to Grow Up

Thursday, May 10, 2012

Firing Alan Greenspan

Click here to access 3:37m video and transcript by Michael Hudson from his blog. 

Prof. Hudson describes an incident back in 1966 that he personally experienced with Alan Greenspan. It reveals some questionable character traits that our Wall Street government apparently likes to have in people they put in charge of the economy.