A very high fraction of America's economic problems come not from our difficulties with education or globalization or competition with the Chinese or whatever. But they come from the fact that a small number of wealthy and powerful people who run dangerous and/or inefficient companies are able, through the use of money in the political process, to prevent the government from regulating them properly.
Charles FergusonWhen the U.S. government is serious about doing something that's complicated and difficult, it can do it.
Charles FergusonI used to be a businessman and I enjoyed what I did and I thought that it was socially useful. I don't have anything against business or private enterprise or capitalism per se, but I think that it is time to rethink the regulation of capitalism.
Charles FergusonIt is much simpler and easier to collect and caress the trophies of our democratic inheritance than it is to fashion up-to-date tools with which to work on our current problems.
Charles FergusonWikiLeaks combines several of my prior interests in technology, policy questions, and journalism.
Charles FergusonIt is no exaggeration to say that since the 1980s, much of the global financial sector has become criminalised, creating an industry culture that tolerates or even encourages systematic fraud. The behaviour that caused the mortgage bubble and financial crisis of 2008 was a natural outcome and continuation of this pattern, rather than some kind of economic accident.
Charles Ferguson