Wednesday, January 8, 2014

Overhaul of Israel's Economy Has Lessons for United States

Steven Davidoff's Politico article shows how Israel dealt with their "Pyramid" problem of wealth and influence concentrating into a few hands.   We need to re-activate Teddy Roosevelt's Trust Busting agenda, especially in finance.  Currently the deck is stacked so that financial assets and therefore power concentrates. TR's progressive actions trump my Libertarian sensibilities because he was up  against a cabal of crony capitalists the likes of which is now re-appearing.  Remember Adam Smith's free markets work when there are many players and monopolies, duopolies and oligopolies are the anti-competitive schemes of cronies working to seek unjust rents from society.

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