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The continuing development of finance capital has indeed led to monopolistic effects. The blog Global Economic Intersection published an interesting graphic in a syndicated blog article on the recent spate of banks payments for fraud without indictments entitled Bank Fraud: Underlings Arrested, Banks to big to indict. The image shows that banks have bought up each other in the wake of the Global . . . → Read More: US Bank Concentration in the wake of GFC I just read a line in a blog post by Michael Hoexter, Obama and Boehner’s Grand Bargain: Gullible Democrats are Falling for the Ol’ “Good Cop, Bad Cop” Routine at Naked Capitalism which crystallized a concern of mine that stretches back a few years: Why/How is it that Americans can persist in refusing to see their own clear interests and vote for people . . . → Read More: Why do Americans support politicians who do not support their constituents’ real interests |
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