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“The Market” is a Reactionary Mystification: Reply to the Attack on Economic Populism

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posted on May, 26 2010 @ 03:20 PM

“The Market” is a Reactionary Mystification: Reply to the Attack on Economic Populism from Franco Debenedetti and other Italian Economists.
Webster G. Tarpley
May 23, 2010

A group of Italian economists led by Franco Debenedetti of the famous financier clan and the banker Paolo Savona, obviously fearful that the Berlusconi-Tremonti government of Italy will join last Tuesday’s successful German ban on the type of toxic derivative known as the naked credit default swap, have sent an alarmed warning to the Corriere della Sera of Milan1. Debenedetti has contributed an article expressing similar sentiments to the Italian business newspaper Il Sole 24 Ore in which he rails at the “Mrs. Merkel market” now in force in Germany2. These economists, obviously inspired by the doctrines of Friedrich von Hayek and the Austrian school, want Italy to remain faithful no matter what to the widely discredited ideas of laissez-faire economics, even as those doctrines are everywhere under attack for having caused the current world economic depression. For these neoliberal and monetarist thinkers, any attempt to ban derivatives or tax speculation must be condemned as “economic populism,” which for these writers is a term of opprobrium.

Sounds like the very defintion of economic warfare and financial terrorism on the part of the itallian bankers.I think this is what happend in Greece and what's in store for Iceland if they continue to go after the banking lism/

[edit on 033131p://2126 by mike dangerously]

Mod Edit: Quoting External Sources – Please Review This Link.

[edit on 26-5-2010 by 12m8keall2c]


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