-
-
Re: At Last SOMEONE DEFENDS FREE MARKETS!!!
It is here that the Cameroon argument about the "broken society" meets an emerging economic agenda. We have entrusted too much to an expensive, inefficient and centralised state and must instead enable greater co-operation between free individuals and free institutions. The resulting dividend, of lower spending and taxes, can then be put to work in the most efficient way possible: capitalists and free marketeers, in pursuit of a return, can create national wealth and dig the country out of the trouble in which Brown has landed it.
Sounds like the opposite to Stiglitz
Ex-World Bank economist and Nobel Prize winner Joseph Stiglitz went a step further, advising the UK government not to prop up a corrupt edifice, but to let the entire banking system collapse in order to build up a well-regulated system from scratch under temporary state control. “The UK has been hit hard because the banks took on enormously large liabilities in foreign currencies. Should the British taxpayers have to lower their standard of living for 20 years to pay off mistakes that benefited a small elite?” he asked a Daily Telegraph reporter rhetorically the day after the funeral wake was over. Of course, pulling the plug on the British banks could mean the collapse of the entire international banking system, but this may happen anyway.
http://www.globalresearch.ca/index.p...t=va&aid=12157
For a concise, readable summary of iTulip concepts developed over the past 16 years and a vision of a challenging next decade and how to navigate it, read Eric Janszen's book "Post Catastrophe Economy".
Join the discussion of today's events with a wide range of professionals with an interest in economics and finance. Register to join our 50,000 plus member registered community from 78 countries today.
Subscribe to iTulip Select for access to the longest running, deep, accurate, and unvarnished macro economic trends analysis and forecasting available, since 1998.
- If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.
Working...
Tweet
Comment