Today's Salon (continued) -- "Abrasive prick"

[Seth Ackerman]

I disagree. Now that the East Asian economies are "on the mend" and the
financial crisis "waning," there is a noticeable tendancy among
mainstream establishment types -- the same ones who had earlier timidly
questioned the orthodoxy -- to conclude that there was no need for
skepticism after all. Not the NY Times editorial on Rubin's departure,
which actually says something to the effect that "since the East Asian
economies are getting better, the IMF's programs weren't so bad after
all."


> -----Original Message-----
> From:	Henry C.K. Liu [SMTP:hliu at mindspring.com]
> Sent:	Friday, May 14, 1999 12:36 AM
> To:	lbo-talk at lists.panix.com
> Subject:	Re: Today's Salon (continued) -- "Abrasive prick"
> 
> 
> 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