27 February 2008

Naomi Kline Nails It

She has an article in the nation, Disowned by the Ownership Society, or as I like to refer to it, the Pwn3rsh1p society.

Go read it.

Here is a sample:
In November Nasdaq joined forces with several private banks, including Goldman Sachs, to form Portal Alliance, a private equity stock market open only to investors with assets upward of $100 million. In short order yesterday's ownership society has morphed into today's members-only society.
BTW, this private market will crash and burn, because there is no small investor left to hold the bag when the bubble bursts.

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