Redistribution

Definitively a hot topic.

http://www.americanprogress.org/events/2013/11/25/80048/an-address-by-the-president-of-the-united-states-the-honorable-barack-obama/

Was watching MSNBC early morning yesterday – an interesting round table where the head of Morgan Stanley in Asia (not really an extremist!!!) was assessing the obvious – that the shift of wealth from labor to capital is THE problem of the current times in the developed word. The subprime crisis is over since 4 years – what we have now is a very different problem.

What was completely absurd  was that one of the panelist – did not catch the name – was still adamantly defending the concept of maket self regulation.

For how many years will we have to listen to that before the myth is dismantled. Or, in other words, how strong the corporate power is?

 

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