Dec
11
“I believe that we have a democratic challenge around the world right now, because we have a globalizing economy, but our institutions are national. Our democratic institutions are national. And that means that there is a lot of power being concentrated in the global economy, in the hands of a few—it could be in money, it could be in media, it could be in technology—which is not under any democratic oversight, whether we call them rating agencies or whether we call them the CDSs, the credit default swaps, or whether we call them the tax havens. This allows for a lot of power to be concentrated, which is beyond our citizens’ reach.”
Exclusive: Ex-Greek PM George Papandreou on Greece’s Fiscal Crisis and Why He Backs Occupy Movement
