Here I thought to post something a little different. Less provocative. I’d say this is an elegant, balanced and erudite explanation of why its a POSC. But, more importantly why its important to not allow it to worsen and identifying the front-lines to be defended.
FORA.tv – Markets, State & Democracy: Lessons from the Crisis
BIO:
Jeffrey Sachs – Jeffrey Sachs is the Director of the Earth Institute at Columbia University. He also is the author of Common Wealth: Economics for a Crowded Planet.
Originally one of the youngest economics professors in the history of Harvard University, Sachs became renowned for implementing economic shock therapy throughout the developing world, and subsequently for his work on the challenges of economic development, environmental sustainability, poverty alleviation, debt cancellation, and globalization.