As often is the ironic truth, failure stems from success. When communism fell, we thought it was capitalism that triumphed. But with the severity of financial crashes, lurid accounts of corporate wrongdoing, unsustainable inequalities and increasingly volatile commodity prices all point in one direction.
Declining private sector growth through the entire capitalist world has for years been patched up by governments that allow their financial institutes to lend and borrow well in excess of economic growth in order to win elections and to fuel a materialist ‘feel-good factor’ in big business and investment institutions to stimulate their high return, short term wants… continue reading →
The Open Wall 