The global elites’ false promise that neoliberal economics would cure all ills through the elixir of endless growth helps explain the angry nationalist movements ripping apart the West’s politics, observes ex-British diplomat Alastair Crooke.Capitalism depends on endless growth.
Also a shout our for Lambert Strether of Corrente. Way to go, Lambert!
This post covers a lot of ground and is most timely.
Consortium News
‘End of Growth’ Sparks Wide Discontent
Alastair Crooke
2 comments:
Capitalism depends on endless growth. Tom Hickey
I don't think so. Instead, usury, especially government subsidized usury, depends on endless growth - to pay the interest.
Otoh, progress could be financed with common stock since that ALLOWS but does not REQUIRE endless growth.
But why share when those with equity can legally steal instead since those are so-called worthy of what is, in essence, the public's credit?
The rat race is a product of government subsidized usury, not capitalism.
Pfft Lambert must have been reading my comments about global trade ;) things aren't much better rate wise this year, rates are just about where they were last year (which were poor)stagnating really. Even with Hanjin capacity taken out it isn't making any difference, unfortunately the data we keep in house I am not allowed to to post, into peak season now so will have a better update next month.
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