The Obama Crossroads: Neo-Liberal Coup or Responsible Government By Prof. John McMurtry URL of this article: www.globalresearch.ca/index.php?context=va&aid=12120 Global Research, February 1, 2009 When the U.S. Treasury gave away $700 billion to Wall Street banks with no strings attached in October of 2008, the Obama team gave a green light. A popular insurgence was soon [...]
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….the globalization that characterizes today’s economics goes beyond or eludes the sovereignty of individual states, and thus the power of their rulers. It is not they, but rather financial groups in control of vast amounts of capital, who decide upon their vertiginous passage through nations, without taking into account the serious crises they might generate.
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