Kilkis wrote:For some reason I can't play the linked podcast.
Kilkis wrote:What Reagan and Thatcher introduced isn't really capitalism.
SteveH wrote:... As an example:- some people read physics in such a way as to assume light is both a wave & particle. Some consider it, correctly in my eyes, see it as having the properties, as we understand it, of both a wave & a particle. I just tend to believe its light & we have a couple of crap theories that don't explain what it is. Add another level of detachment, & you have economics...
" The Earth is a finite resource so indefinite growth is impossible."
Unfortunately, following the rise of 'new finance' in the last three decades, our financial system has become a negative force. Our financial firms have become very good at generating high profits for themselves at the cost of creating asset bubbles whose unsustainability they obscure through pooling, structuring and other techniques. When the bubble bursts, these firms deftly use their economic weight and political influence to secure rescue money and subsidies from the public purse, which then has to be refilled by the general public through tax hikes and spending cuts.
Unless we regulate our financial system much more strictly, we will see the repeat of these crises. Many of the regulations that I have described as being weakened or abolished since the 1980's need to be brought back or even strengthened.
Mixos wrote:...If TTIP is able to override all that, then I would think democracy is finished, wouldn't you?
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