Sunday, March 14, 2010

The Investment Theory of Politics

During the current historical conjuncture many are asking themselves what has happened with the much celebrated and anticipated "change" that the Barrack Obama administration was supposed to bring, especially in relation to the previous administration of George W. Bush. Some, like Nobel prize winner Joseph Stiglitz, are surprised at the amount of money that the government has given to banks and corporations, entities that are largely responsible for the current crisis, instead to those whose mortgages have defaulted. Others are not so surprised at the economic policies implemented.

For years Tom Ferguson, a political scientist and economist at the University of Massachusetts at Boston, has analyzed the connection between the individuals and groups that make donations to political campaigns and the policies implemented by the elected government. This topic, which informs his book "Golden Rule: The Investment Theory of Politics", has now been adapted in documentary form which we provide below:

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