Adam Magazine on the Crazy Years

Looting, killing and raping -- by twisting their words they call it "empire"; and wherever they have created a wilderness they call it "peace" -- Tacitus

Wednesday, October 23

Paul Krugman on our corrupt Administration

Business as Usual
By PAUL KRUGMAN

In retrospect, it's hard to see why anyone believed that our current leadership was serious about corporate reform. To an extent unprecedented in recent history, this is a government of, by and for corporate insiders. I'm not just talking about influence, I'm talking about personal career experience. The Bush administration contains more former C.E.O.'s than any previous administration, but as James Surowiecki put it in The New Yorker, "Almost none of the C.E.O.'s on the Bush team headed competitive, entrepreneurial businesses." Instead they come out of a world of "crony capitalism, in which whom you know is more important than what you do and how you do it." Why would they turn their backs on that world?

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