Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
... and all too often the warts are put under a magnifying glass bought and paid for by those who want to in fact make the problems worse and instead eliminate either the good that they do do, or guarantee that they do not start doing the good that they might do.
This ties in with Metatone's recent writing on learned helplessness.

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper
by Carrie (migeru at eurotrib dot com) on Wed Apr 18th, 2012 at 04:17:37 AM EST
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... system are not things that can be fixed by assuming that the current actions of the Federal Reserve are the best that is possible from the system as current designed, because then the structural reform proposals will omit the parts that can and in the past have worked quite well, where the problem is not structural at all but rather regulatory capture by the regulated industry.

Not only could we have better, but we could have better under the existing rules. Regulatory capture does not automatically or even necessarily require some systemic reform: it may, instead, require a movement committed to capturing the regulator back in the interest of the affected community rather than the regulated industry.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Wed Apr 18th, 2012 at 09:36:55 AM EST
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