[Fwd: Social democracy betrayed -- Le Monde diplomatique]

Doug Henwood dhenwood at panix.com
Tue Apr 13 08:10:07 PDT 1999


rc-am wrote:


>point taken, but what, if any, was the role of banking in this?

Social democracy seems compatible only with regulated financial sectors, domestic and foreign. Once a financial structure moves towards a more (Anglo-)American model, all liberal hell breaks loose. Of course this isn't the only mechanism at work, but it's important.

Doug



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