Saturday, October 18, 2008

Author Naomi Klein Discusses Bailout, Economy at Stanford


by Tim Simmers

"....Speaking at Stanford University's Kresge Auditorium on Thursday evening as part of the Aurora Forum, Klein minced no words. She insists that deregulating the financial system has created bubbles and busts, and she called the current $700 billion bailout, or rescue plan, a "stickup."

This financial crisis and the Iraq war are examples of how economic shocks and global disasters are used to boost the profits of the elite, she said......"

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