Correction: "a trend that left-wing analysts charge has ravaged foreign economies." Not just left-wing but practically all analysts now admit it as a fact. Although Doug is one of the few in the West who recognized it early, an insight that was subsequently verified by data. It is a scientific observation rather than an idealogical one, albeit that being on the left enables Doug to see things more clearly. Doug is respected not because his views are from the left, but that his views are often validated by subsequent facts.
Henry C.K. Liu
Carl Remick wrote:
> Oops! Left out the best part of Salon's quote today of influential LBO
> honcho DH's take on Bob Rubin. Article goes on to say:
>
> Rubin was instrumental in liberalizing the flow of capital between
> countries, a trend that left-wing analysts charge has ravaged foreign
> economies. 'The kinds of liberalization measures he championed have
> contributed to the devastation of the economies of Mexico and Southeast
> Asia,' Henwood said. 'Most of the outside world is in recession or
> depression, and the U.S. has been the beneficiary of that. I think his
> resignation is his way of signaling all clear, that the worst of the
> crisis is behind us.'
> Rubin was the darling of Wall Street 'because he was one of them,'
> Henwood continued. 'But he's also known as an abrasive prick and a lot
> of people don't like him. A lot of people on Wall Street look at Summers
> as more of a pointy-headed Harvard boy, whereas Rubin was one of their
> own. He may have to prove himself by being more of a hard-ass than Rubin
> was.'
> Carl Remick, under the influence