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Cries for Change Are Empty Political Platitudes

Witold Gadomski, Gazeta Wyborcza | October 22, 2008

Crying to re-found democratic capitalism and create a new global economic order, world leaders are simply trying to divert attention away from their own helplessness and cover the confusion they have been thrown into by a crisis they failed to predict and prevent. ++ These are empty political platitudes – there will be no revolution. ++ The creation of a global financial market watchdog is pure political fiction: there is no institution in the world with enough money, competence and authority to take on such a role.

 

 
Tags: | financial crisis | financial reform | EU | US |
 
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