Sunday, May 29, 2011
The leveraged buyout of Greece
Politics is financialised, economies are privatised and economic policy is centralised in the hands of financial mangers, as under Mussolini's 'corporatism'. In essence, you borrow in order to asset-strip a country, take the money and run. Here's how it's done. It can't last, but what does that matter if you're the one with the money?