So, there is enormous instability in the global economy with a shift of winners and losers.
From David Korten
If you look at the US economy over the last 15-20 years wages have been stagnating or even declining.
Money flows into the US, and inflates US assets, and allows the US to have a monstrous trade deficit. That means we are consuming more than we are producing.
But we can also take the radical view that the test of an economy has to do with the extent to which it is providing everybody with a decent means of living.
The professional study of economics has become ideological brainwashing. It is a defense of the excesses of the capitalist system.
Europeans say they are proud of their social fabric, of strong rights for workers and the weak in society.
3 perspectives
2 perspectives
1 perspectives