Is It Time to Downgrade the Rating Agencies?
The neoliberal agenda
I am in general agreement with this article. Neoliberal economic elites are using the money markets, rating agencies and an alphabet soup of international regulating agencies to attack governments and social safety nets that protect ordinary people. To borrow a phrase from the Constitution, it is not about governments that promote the general welfare and provide for the common defense! It is about using government for the benefit of the money markets and multinational corporations. Certainly, both the Republican and Democratic parties in the US have sold out. It is rather amusing to see accusations of socialism thrown about, when socialists, social democrats and communists are practicing neoLiberal economics in Europe, China and elsewhere. Viable parties on the left do not exist! It is about creating, on a “global” scale, a two-class system consisting of wealthy elites and the working poor. This is about class warfare as a business model!
Pervis James Casey
Aug 6 2011 - 1:49pm