Comment on: "The Path not Taken", by Paul Krugman

see
http://www.nytimes.com/2011/10/28/opinion/krugman-the-path-not-taken.html
for original piece by Paul Krugman.

It is fascinating that economists always know what should HAVE BEEN done, but their theories and models are useless (and individual economists contradict each other) when trying to formulate a plan of action.

And, let's face it, Mr. Krugman, for all your harping on the slowness and inadequacy of the European response, forcing banks to take a 50% write-down is a little different from giving them $700 Billion with no strings attached...

There is an interesting study out of ETH Zurich about the interconnectedness of international corporations, which reports that about 147 of the largest corporations control, directly or indirectly, a staggering 40% of the world economy. This is the \"99% versus 1%\" gone crazy on a world wide scale...

http://www.welt.de/print/die_welt/wirtschaft/article13681201/Die-globale-Macht-der-Grosskonzerne.html