[lbo-talk] The American Prospect 8/30/07: "What's behind thesub-prime disaster?" by Robt. Kuttner

[Eubulides]

----- Original Message ----- 
From: "Doug Henwood" <dhenwood at panix.com>

On Aug 30, 2007, at 6:57 PM, Rick Kisséll quoted Robert "Bob" Kuttner:


> This all could have been
> prevented if deregulation had not been embraced so fervently as a
> national economic creed.

It's not a matter of creed. Deregulation was pushed because profits
were down and the working class was surly. Liberals have no sense of
class and power, do they?

Doug

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Deregulation is a huge misnomer.