Tag Archives: Katharina Pistor

After watching business take over the US government, the only alternative is to abandon any pretense of democracy COMMENT | KATHRINA PISTOR | For decades, we have been told that government-operated businesses are bad for the economy. A staple of the “Washington Consensus” that emerged in the 1980s was that “private …

By Katharina Pistor Debt burdens are growing yet excessive reliance on debt finance  is undermining basic tenets of democracy When Greece’s sovereign-debt crisis threatened the euro’s survival, US officials called their European counterparts to express bewilderment at their inability to resolve the issue. Now, the tables have turned, with American …