Now here’s an antidote to my prediction that reforms will result from the current economic debate. Written by Alex at the Stuck on the Palmetto blog, it describes a similar airing of grievances in 1991. And it’s persuasive.
But as they say on the stock exchange, past history does not guarantee future performance. Right now, there’s a clear desire for change, the system itself says it needs change, the system is organizing discussions of change, and there is no shortage of ideas and options.
And there’s a difference in the leadership. I don’t think we’re going to have to wait too long to see if its foot is on the gas or the brakes.