Democracy v. Capitalism

Harold Meyerson writes in the Washington Post about “The growing tension between capitalism and democracy“:

Over the past year, in fact, capitalism has fairly rolled over democracy. Nowhere is this more apparent than in Europe, where financial institutions and large investors have gone to war under the banner of austerity, and governments of nations with not-very-productive or overextended economies have found that they could not satisfy those demands and still cling to power.

I saw an explication of this conflict a while back (and blogged about it here), and it’s rewarding, and important, to read a version written for more popular consumption.

Also of interest, along the same fault line, is an article in The Daily Kos on why we should be paying attention to Iceland, but aren’t.

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