Yves Smith , blogger (Naked Capitalism) and author (Econned) seems to bring out another support for the Shock doctrine undermining of the U.S (world?) economy. I haven't read the book (I probably won't understand half of it ;-)
but listening to her talk on Biz. News Network interview of Yves Smith, I seem to hear another voice echoing Naomi's.
Yves supports the theory that economic theories in the '30s thru early '70s nicely guided us through an "abnormally stable period" (rough paraphrasing). Banks did not ask for deregulation according to her, but rather odd right wing elements persuaded the Redudlican party to enact new rulings and retract safety mechanisms, increasing risk, and removing stability. From fee based services, Wall Street moved to increasing trade based profits, and more complex dealings in risk.
If I understood her right, she asserts that Obama's administration is still under the influence of those pushing now obviously wrong/harmful policies.
How do we put a stake in the Squid and finally put it to rest? Where's the econ Buffy?