'How do we wipe out the debt problem today?' (27Feb2009): 'Six Minutes with the Renegade Economist - Michael Hudson Special...': [YouTube link]: “...They're not acting democratically. A.. What the governments have done is to turn from a democracy into and oligarchy. And we’re seeing an oligarchy and in-fact a 'kleptocracy' emerge here; and the governments are not doing what the people are expecting them to do. They are not representing the interest of their constituents.”
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At/ related posts:
A1forum:
12June2011: 'How did PAP government miss all the signs?'
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