![]() ![]() But the problem extends far beyond Wall Street to every corner of America. ![]() Rather the Crash was caused by the longstanding Wall Street–Washington partnership. This situation was not caused, as many suppose, by the Crash of 2008. Where Wall Street stops and Washington begins is impossible to say. In reality it is the epicenter of American crony capitalism. Many people regard Wall Street as the epicenter of American capitalism. But increasingly it is America's system as well. This is the system that prevails in Russia after the fall of Communism. The people involved try to keep most of it concealed behind closed doors. When politicians need money, they also know whom to call. When private interests need a political favor, they know whom to call. brand-name economists hired to defend the indefensible with a smokescreen of economic theory.trillions of newly printed dollars flowing from government to Wall Street at giveaway interest rates.deals that enrich the few at the expense of the many.taxpayer money diverted into political campaigns.shady zoning regulations in a small town. ![]()
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