Tag: Larry Summers

Our Consumer Plutocracy

 We Americans dwell in a consumer plutocracy, and the plutocrats don't even bother to be cute about it any more. Barack Obama, hailed by the geniuses of new media as a populist saviour, has surrounded himself with a team that was already bought and paid for by the financial services industry before they ever walked into the White House.

Larry Summers collected $5.2 million last year from his part-time job with a hedge fund.

$5.2 million for a part-time job!

One day per week!

"And just in case you ever get a big job in Washington, Larry, remember who your friends are!"

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