The Four Business Gangs That Run America
You probably knew about three of them. Economist Jeffrey Sachs lists them, and adds a fourth.
1. The military-industrial (-Washington) complex.2. The Wall Street-Washington complex
3. The oil-transportation complex.
There is a fourth. Guess what it is.
If you are stuck, you will understand perfectly when you click the link.
Continue reading on smh.com.au.
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Published on January 9, 2013. The original is here.
The article is a review of a book by Columbia University's Sachs, The Price of Civilization. As with all economists at prestigious universities, he left out the fifth, which belongs at the top of the list: banking. The bankers have their own cartel-enforcement organization, the Federal Reserve System: part government (Board of Governors) and part profit-seeking (12 regional banks). This obvious omission reminds us of a crucial principle in academia: "Discretion is the better part of valor."