The Hill News

In my column this week about the great populist wave, I challenged the pseudo-capitalism of the right. A new example has emerged with  the disclosure that JP Morgan has lost $2 billion from blunders very similar to those that caused the financial crash. I recognize that in some circles on the Republican right my opinion is not welcome, but a majority of voters agree with me, whether conservative politicians or their media allies like it or not. The dangers of the vulture capitalism of Mitt Romney and the Ayn Rand extremism and glorification of greed by Ron Paul are more obvious than ever today.

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