Two things we learned about our politics and our economy in 2008:
Lesson One: If it's big and you don't regulate it, you end up nationalizing it.
One of the major lessons of the year is that unregulated and underregulated capitalism ends up confronting democratic governments with a subprime choice: Either let a major institution go down and watch as chaos follows (the Lehman option) or funnel gobs of the public's money into such institutions to avoid such Lehman-like chaos.
In September, 2009 Atlantic Monthly named Harold Meyerson one of 50 Most Influential Columnists. Calling its list “its all-star team,” Atlantic Monthly’s Top 50 are the most influential commentators in the nation – the columnists and bloggers and broadcast pundits who shape the national debates. Harold Meyerson is honored to be in their midst.
David Sirota's new book, "Hostile Takeover"
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Listen to Harold Meyerson every other week on Jon Weiner’s 4 O’clock Show on KPFK and KCRW
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