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Democracy failure : Comments
By John Keane, published 20/4/2009The quest to extract folly from capital markets - to rein in the ruinous power of foolishly inflated expectations - may never fully succeed.
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Second major oversight: Accounting has failed. There is no transparency or accountability in the financial systems. We *still* don't know where the end of the current financial crisis is because the unAccountants have been allowed to hide the truth.
The fact that billionaires are bailed out while the poor continue to get nothing from the "booming" economy is not just evil, it is very, very stupid.
The rich are only allowed to be rich because the poor play by the rules. Social revolutions are *very* unpleasant for the well off, and are inevitable unless the wealthy start being merely greedy again.