When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Wednesday, May 7, 2014

Vested Interests, Washington DC, Political Poison

The Political Poison of Vested Interests Washington's Blog: "We must add a second definitive dynamic: protecting vested interests. There are many ways of describing powerful constituencies with an enormous stake in maintaining the Status Quo–vested or entrenched interests, for example–but the key characteristic is the enormous political pain that these groups can inflict on self-serving politicos.Once confronted with an aroused vested interest–public union, cartel, corporatocracy, Power Elite, etc.–politicos cave in and do what is politically expedient: avoid any real reform and simply shovel more money into the gaping maw of diminishing returns."


The Big Picture

Financial Crisis - The Telegraph

JohnTheCrowd.com | The Sailing Website

Craig Newmark - craigconnects