Capitalism in crisis

[hibs0666]

The FT (the best newspaper in the world IMHO) is doing a series on the crisis in capitalism.

This will be a good one to follow to both understand the issues and engage in the debate.

Banner article can be found here, with comments:

Capitalism in crisis: The code that forms a bar to harmony (http://www.ft.com/cms/s/0/fb95b4fe-3863-11e1-9d07-00144feabdc0.html#axzz1izERPR7U)

[Big Ed]

By contrast, the latest edition of The Economist has the headline “Save The City” with the strap line: “the treats to the world’s most global financial centre”
The leading article is a puff piece that narrates the merits of the Square-Milers and their benefits to the economy etc.
More interestingly, for me anyway, is the pasting that the article takes in a number of comments in the online version.
These are not from rabid lefties, waiting for the proletariat to rise up; rather, they are simply being posted by people with a knowledge of the subject matter, who appear to know that they are being fed a diet of bull**** and have had enough of it.

[hibs0666]

By contrast, the latest edition of The Economist has the headline “Save The City” with the strap line: “the treats to the world’s most global financial centre”
The leading article is a puff piece that narrates the merits of the Square-Milers and their benefits to the economy etc.
More interestingly, for me anyway, is the pasting that the article takes in a number of comments in the online version.
These are not from rabid lefties, waiting for the proletariat to rise up; rather, they are simply being posted by people with a knowledge of the subject matter, who appear to know that they are being fed a diet of bull**** and have had enough of it.

The stand-off with Europe was all about the same issue. However, the reality is that financial services accounts for around 7.5% of UK output. The risky transactions that would be affected by European regulation amount to around a third of that total. So, in effect, we've fallen out with our European partners over a tennsy weensy part of the UK economy in order to protect a small number of casino investors.

You couldn't make this **** up.

[magpie1892]

The stand-off with Europe was all about the same issue. However, the reality is that financial services accounts for around 7.5% of UK output. The risky transactions that would be affected by European regulation amount to around a third of that total. So, in effect, we've fallen out with our European partners over a tennsy weensy part of the UK economy in order to protect a small number of casino investors.

You couldn't make this **** up.

Very, very tenuous figures there, and very, very subjective conclusions.

[Dashing Bob S]

Capitalism has always been in crisis. It's inherently unstable and a pile of evil, exploitative, wasteful s*it.




The problem is that its still better than anything else we've been able to come up with.