The Quiet Coup (of the US economic system)
The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says [Simon Johnson] former chief economist of the International Monetary Fund [and current MIT Professor], is that the finance industry has effectively captured our government—a state of affairs that more typically describes emerging markets, and is at the center of many emerging-market crises.
If the IMF’s staff could speak freely about the U.S., it would tell us what it tells all countries in this situation: recovery will fail unless we break the financial oligarchy that is blocking essential reform. And if we are to prevent a true depression, we’re running out of time.