tesco

The government owns the biggest insurance company, American International Group (AIG); the biggest car manufacturers (GM & Chrysler); biggest mortgage comp

…The world economy is dominated by derivatives of derivatives, insurance upon insurance, and not by productive enterprises, and is headed towards demise unless radical measure are taken such as restoring Glass-Steagal on a global basis.

Our leaders are acting like the ostrich that hides his head when trouble looms. Instead of confronting problems forthright like Roosevelt did. Not rocket science. Start massive infrastructure renewal projects and put everybody back to work. Retool car companies to build maglev trains to criss-cross the country a record speed and minimum environmental impact and facilitate interstate commerce and exports. Develop manufacturing curriculum at all educational levels to rekindle the spirit of making things. Lend at low rate to productive enterprises and to innovative startups. Support small businesses which are the engine of job creation. Make education free in exchange for serving society for a time. Increase taxes on the rich….

Read more:
New American Capitalism - Boston Business commentary | Exami

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