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Eight years later, the world economy collapsed

We need a new system:

In the Spring of 2000, my friend and former colleague Zack Exley arrived in Washington, DC, to observe the protests that had engulfed the city during the World Bank's annual meeting. Driving into Washington from the airport, out the window of his taxi he saw "a teenage white girl with long dreadlocks who wore a homemade t-shirt proclaiming: WE NEED A NEW SYSTEM."

Later that evening he attended a party at the home of then-Secretary of the Treasury Larry Summers along with "ambassadors, politicians, esteemed professors and what seemed like the entire combined senior economist staff of the IMF, World Bank and Treasury."

It turned out Larry Summers had seen the girl too and was eagerly telling his guests about an interaction he had with her:

And so I asked the girl: 'What is this new system that you want? Tell me about it!' And the girl had nothing. Nothing! She had no fucking clue what this magical new system was supposed to be. No one is saying that there aren't problems with the world economy the way it is today. But these kids out there -- they don't know what they want!

"Mr. Secretary," said Zack. "You've got 50 economics PhDs in this room who pretty much run the world economy. And you're asking that girl for a better system? Aren't the solutions your job? You admit billions are living in hell, but it's up to that girl to fix it?"

Summers chuckled and the conversation moved on.

Maybe she wanted Larry Summers' head on a pike but was too polite to say so.

By fnord12 | October 11, 2011, 2:30 PM | Liberal Outrage