Dispatch December 2009

The Most-Read Articles of 2009

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2.    “The Quiet Coup,” by Simon Johnson (May 2009)
During the dark days of the economic crisis, more than one observer has accused the United States of sliding toward oligarchy. But it’s sobering to hear such ideas coming from a former chief economist of the International Monetary Fund. Johnson argues that the U.S. government should nationalize banks—or, as he put it on C-SPAN’s Washington Journal, succumb to “government-managed bankruptcy.” Otherwise, he warns, we’ll risk a future where our financial system lies in ruins and our leaders become bandits.

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