Friday, May 14, 2010

The Clash of Democracy and Capitalism

I hate rating agencies because if they are bloody good, so many poor people in Africa won't be cut off from all financial aids today - thanks to Subprime Crisis created (to profit) by the bloody bloodthirsty capitalists around the world.

Here's an article by The Guardian's Mr. Gary Younge that would be worth pondering through as we, voters, should always remind our political leaders of our democratic will, all the time.

When he ended his article with this, "The people have spoken. We should not now let the markets dictate", I recalled the winning works by Prof Oliver E. Williamson for last year's Economic Nobel Prize, along with Madam Elinor Ostrom, on "his analysis of economic governance, the boundaries of the firm".

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