Sunday, August 07, 2011

John Nichols on Standard & Poor's: "Downgrading Democracy"

John Nichols (The Nation):
The notion that a credit rating firm could or should steer the direction of the American political discourse—and, potentially, should be unsettling to Democrats and Republicans, independents and third-party activists, liberal and conservatives, socialists and libertarians and even centrists.

If S&P can set the parameters of the debate in the United States, then it is not just downgrading a credit rating. S&P is downgrading democracy. MORE...

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