tag:blogger.com,1999:blog-5889026769761133073.post3614289214926612133..comments2023-12-22T08:42:36.132+00:00Comments on Gaian Economics: Enough to Bury a Skyscraper?Mollyhttp://www.blogger.com/profile/12845612174674783187noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-5889026769761133073.post-33359998365835991982012-06-13T22:15:57.452+01:002012-06-13T22:15:57.452+01:00i think that the 1% you refer to are benefiting fr...i think that the 1% you refer to are benefiting from the presence of political control in recent years also. the 'free market' was dictating that many banks and businesses (GM is one prime example, a 100 year old car company which ended up involved more heavily in the CDO markets) go to the wall. but because these mega corporations pay for the ear of politicians, the rules are changed to suit them. one move, demonstrated countless times in the last few years, has been the creation of zombie entities where bad debts are parked (see Citi Holdings for one example http://www.citigroup.com/citi/press/2009/090116b.htm) so that the impact of their reckless involvement in global financial casino games is kicked into the abyss.ronanpeterhttps://www.blogger.com/profile/13375024006869462385noreply@blogger.com