Tuesday, 30 November 2010

When will the penny drop.

Capitalism relies on creative destruction to survive.

It must destroy inefficient organisations so that new ones can flourish, yet right now the central bankers and their government sponsors seem determined not to let inefficient banks, inefficient governments, or even inefficient states go down.

No they must be saved from their mistakes, they must be saved at all costs and hey- it's not our money they are being rescued with, it's our children's and grandchildren's.

So now we don't really live in a capitalist society or economy anymore - but one which is 'protected' from reality by ooodles of cash which we don't actually have.

Yet - next to global heating (which will wipe out man), western nations' biggest problem is debt.

Adding more debt is so foolish - yet the man in the street does nothing to stop his elected representatives as they pay down debts with more debt.

When will the penny drop !!

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

Links to this post:

Create a Link

<< Home