[DEBATE] : Cost of steroids: $2,800,000,000,000 (yes 11 0's)

[Doug Henwood]

On Oct 28, 2008, at 11:41 AM, Yoshie Furuhashi wrote:

> It's not as if no one has written anything about the causes of the
> financial crisis and what can be done about it.  In fact, many have,
> from all points of the political spectrum (Patrick and yourself
> included).  The main problem for leftists is that political conditions
> to attempt left-wing programs to survive the crisis and restructure
> political economy exist in only a few countries in the world, and the
> main contributors to the financial crisis -- the USA, Japan, China,
> Germany, the Gulf states -- are unlikely to change their ways.

Yes, that's true. And flinging around a lot of zeroes doesn't help  
with that problem at all.

Though you do have to wonder if maybe things will change a little bit  
in the USA. I don't think an Obama victory will mean all that big a  
change in U.S. economic policy, but the ideological landscape is  
shifting. Maybe. I hope.

Doug