The financial meltdown and subsequent bailout have dampened Americans’ faith in government and stirred widespread outrage. Neil Barofsky, who once served as special inspector general in charge of oversight of the Troubled Asset Relief Program, says that anger may point the way toward reform.
It’s good that conservatives are finally taking seriously the problems of inequality and declining upward mobility. It’s unfortunate that they often evade the ways in which structural changes in the economy, combined with conservative policies, have made matters worse.
Long before Occupy Wall Street took form, and long before the corporate media caught on, two of our top columnists at Truthdig foresaw the economic calamity that still grips our country. Chris Hedges devoted his time and energy warning Americans about the disastrous symbiosis between big business and our government, both in his columns and in the streets. Meanwhile, Truthdig Editor in Chief Robert Scheer covered the buildup to the meltdown for over a decade, naming names and taking no prisoners in his latest book, in his own columns and in his zinger of an acceptance speech at the 2010 Webby Awards -- held, as it happened, in the heart of Wall Street.