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How the crash discredited the Anglo-US democratic model | Will Hutton

Authoritarian China is now an economic blueprint for Zuma and Maduro Ten years ago this week, it became clear that the dread event – a run on one bank that will create a malevolent impact on others – was under way. A US investment bank had a few weeks earlier summarily closed some of its property-based hedge funds to stop a cascade of sellers; now a French bank was doing the same , as a panic about overblown property values infected confidence. The financial crisis of 2007/8 was the beginning of a chain of events that would ultimately threaten the viability of the west’s banking system – the landmark economic moment of this century, the consequences of which are still playing themselves out.

    
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  • [13-08] How the crash discredited the Anglo-US democratic model | Will Hutton
  • [15-10] All the Villa fans crying when Hutton was named in the team. Hutton was there best player! #AVFC
  • [10-10] 59 - Hutton goes down in the box after a coming together with Mills. Nothing given but Hutton requires treatment. 1-0. #BCFCu23s
  • [20-08] @Re_lick @TarekFatah @matthewjdowd Look at #EU for a model. #EU is usurping more & more democratic functions from t
  • [16-10] Looking at #EU #history we realize there’re several blind spots to solve them: #Brussels oligarchization means minimalist democratic model
  • [05-10] Dr Oliver Escobar presenting some astounding democratic statistics on Scottish local government model at #COSLAIS17 ht
  • [18-07] Birmingham: Tributes paid to 'model students' killed in horror Atherstone crash
  • [17-10] Crash Update: Cleared Crash on I-96 Location: EB I-96 after Davison Ave Lanes Affected: Left Shoulder Event Type:Crash
  • [01-10] Tories can win a democratic election only by ignoring a democratic referendum, insists Heseltine. Right. #bbcsp
  • [16-08] But that would imply they're doubly democratic, when in fact they both want to ignore our democratic vote & stay in
  • [20-09] constitutions of democratic nations are illegitimate if they disallow the democratic right of self determination #Catalan
  • [13-08] #EU "a coalition of democratic states which pledge to advance human rights, the rule of law and democratic rules...a team
  • [23-08] #Labour IS a DEMOCRATIC Political Party Vote to LEAVE #EU was 52% LABOUR is sticking to it's DEMOCRATIC principals
  • [08-10] #Peston The car crash of Brexit will only be magnified by the car crash of Scottish Independence #NoseSpitesFace #NicolaSturgeon
  • [30-09] Boot Camp is the car crash equivalent of Emmerdale’s motorway crash last year 😩 #xfactor
  • [23-07] Motorcyclist killed in Perthshire crash - Police appeal for witnesses after the crash on th...
  • [17-09] Last week we lost #troygentry in a helicopter crash, now #TedChristopher in a plane crash. So sad.
  • [29-09] @talkSPORTDrive let's put this into perspective #Aguero in a car crash he's off for weeks. #Bakayoko in a car crash, car written off
  • [23-07] #Scotland News - Motorcyclist killed in Perthshire crash - Police appeal for witnesses after the crash on the B...
  • [15-10] All the Villa fans crying when Hutton was named in the team. Hutton was there best player! #AVFC
  • [16-10] Looking at #EU #history we realize there’re several blind spots to solve them: #Brussels oligarchization means minimalist democratic model
How the crash discredited the Anglo-US democratic model | Will Hutton
Authoritarian China is now an economic blueprint for Zuma and Maduro Ten years ago this week, it became clear that the dread event – a run on one bank that will create a malevolent impact on others – was under way. A US investment bank had a few weeks earlier summarily closed some of its property-based hedge funds to stop a cascade of sellers; now a French bank was doing the same , as a panic about overblown property values infected confidence. The financial crisis of 2007/8 was the beginning of a chain of events that would ultimately threaten the viability of the west’s banking system – the landmark economic moment of this century, the consequences of which are still playing themselves out.
discredited
democratic
AngloUS
Hutton
tumb
* “The calamity of the great depression and the second world war ushered in Attleeism; rampant stagflation was the midwife of Thatcherism. At the time of the 2008 financial crash there was a widespread misplaced schadenfreude on the left. Surely market fundamentalism had been discredited; surely the west’s ruling economic elites – and their political representatives – would be held to account; surely the left would rise from the ashes. Instead came a tidal wave of austerity, devastating attacks on the remaining social gains of social democracy, and the poison of rightwing xenophobia. Migrants and benefit claimants became the scapegoats, while the bailed-out banks continued to pay record bonuses as they benefited from further tax cuts. Just two years ago the Tories secured a majority after five years of austerity, defying Bank of England governor Mervyn King’s prediction before the 2010 election that whoever won would be “out of power for a whole generation” because of the severity of the cuts. It was a political nightmare. No wonder, then, there was such applause when Corbyn declared: “2017 may be the year when politics finally caught up with the crash of 2008.”
* The Man Behind The Scenes In Fox News' Discredited Seth Rich Story : NPR
* Let’s get three things straight. First, it was working- and middle-class Britons who paid for the mess, who are still paying for it now and who will keep paying for it decades from now. Second, the crash has prompted almost no fundamental reckoning or reform. And, most importantly, the combination of those first two factors means the crash that began in 2007 cannot be consigned to the past. Today’s politics – from Brexit to Trump and the collapse of centrism – is just one of its products. For politicians and financiers to treat the crash as history brings to mind Stephen Dedalus in Ulysses: “History is a nightmare from which I am trying to awake.”
qua
The devil is a discredited sociology professor in a simulated reality The book starts out with the threat of an asteroid hitting Earth. The hero and heroine find themselves in a café (or was it a bar? - the cover has a devil with a whiskey on the rocks if I remember ...
Has there been an Anglo-Saxon movement in English? We know there has been an influence (or attempt at influence) of Latin grammar on English, especially in the 19th century. And of course, many new words coined today in (say) the sciences draw upon ...
What's up with “this,” in Old English(Ænȝlıſ͡ċ/Anglo Saxon‽) I am asking two things here, about Ænȝlıſċ (Old English) First and foremost, see this picture here: – which was taken from this page: QUESTION 1: What is the difference between these two words: "...
Are Anglo-Saxon words better at expressing emotion? [closed] Twice recently I've seen someone on this site state that Anglo-Saxon words, or words of Germanic origin, are better for expressing emotion than words derived from Latin. Does anyone have any ...
Is Beta Colony less democratic than it seems? One of the running jokes in Shards of Honor is that everyone on Beta Colony seems to deny having voted for "Steady Freddy" (the president). Furthermore, at one point Cordelia says this to a reporter: ...
What is special about Anglo-French legal usage of [the] infinitive as a noun? I was reading the etymology of attainder (n.), when I saw its reference to: use of French infinitives as nouns, especially in legal language, see waiver. waiver (n.) [<--] [...] Other ...
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