Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

Hissyspit

(45,788 posts) Mon Jul 9, 2012, 05:08 PM Jul 2012

ReutersTV: MIT Economist Blames Political Elite for Erosion of Democracy & Economy

http://www.reuters.com/video/2012/07/06/reuters-tv-political-elitism-is-eroding-democracy-m?&videoChannel=117853&videoId=236384660

Political elitism is eroding democracy: MIT economist – Freeland File (4:58)

Politically powerful elites in the U.S. control the economic institutions that are sapping the productivity of the many in favor of the interests of the few, according to a new book from MIT economist Daron Acemoglu. (July 6, 2012)

VIDEO AT LINK[p]

2 replies

= new reply since forum marked as read

Highlight:

ReutersTV: MIT Economist Blames Political Elite for Erosion of Democracy & Economy (Original Post) Hissyspit Jul 2012 OP

It doesn't even take an Econ 101 class... joycejnr Jul 2012 #1

Any economist knows how the Great Depression occurred lovuian Jul 2012 #2

joycejnr

(326 posts)

1. It doesn't even take an Econ 101 class...

Reply to Hissyspit (Original post)

Mon Jul 9, 2012, 05:10 PM

Jul 2012

...to understand what's happening and who caused it. Just look at your paycheck - it you have one.

lovuian

(19,362 posts)

2. Any economist knows how the Great Depression occurred

Reply to joycejnr (Reply #1)

Mon Jul 9, 2012, 08:51 PM

Jul 2012

90 % of a country's assets were owned by 1% of the population

that causes revolutions and Socialism to recur

No matter how many military troops you have

the model self destructs from too much greed

Reply to this discussion