Obama's lemon socialism; a globalization-fest; William Easterly loves aid and youtube factoid overkill: links I liked

Paul Krugman at his caustic best on why Obama should nationalize the banks: ‘what we have now isn’t private enterprise, it’s lemon socialism: banks get the upside but taxpayers bear the risks. And it’s perpetuating zombie banks, blocking economic recovery. What we want is a system in which banks own the downs as well as the ups. And the road to that system runs through nationalization.’ Hardly surprising I liked this one – a kind review of From Poverty to Power and three other books on globalization in the Times Literary Supplement Man bites dog: Arch aid sceptic William Easterly gets all misty-eyed A youtube killer fact cornucopia on our ‘exponential times’ which brings to mind the lines from T.S. Eliot’s The Rock ‘Where is the wisdom we have lost in knowledge? Where is the knowledge we have lost in information?’. (Thanks to May Miller-Dawkins)]]>