He came out against Trump and they all decided that was enough to use him as a political tool against the president. Million Iraqis spinning in their graves.
IMO this rebalancing is artificially being forestalled by corporate/govt intervention. Which just means that when the crisis hits, it'll be that much worse.
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If the problem would have been dealt with in 08 we might be in better shape today but I have no illusions about what's coming in the near future and it ain't gonna be pretty.
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They should have let the financial sector take the hit. The financial sector would have then fixed their own problems because they didn't want to take a hit again. This correction never occurred because govt didn't want anyone to suffer the consequences.
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I think the solution would have been to break them up and create smaller institutions thereby reducing the risk to the whole country if a few of them behaved badly. Kind of like what Roosevelt did with Standard Oil.
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We desperately need to break up all large companies. It's ridiculous to have trillion dollar companies.
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With TPP they would've had more power than local governments. Just think I could go into your country, destroy it and sue you for loss of profits if you try to do something to stop it.
End of conversation
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