The impact of the financial crisis is still growing, all over the world.
What to do to avoid another one?
Here is Willem Buiter, not "anyone"..He is the Chief Economist of a bank named Citigroup.. Heard about it?
He writes in his blog The end of American capitalism as we knew it Willem Buiter's Maverecon FT.com:
"From financialisation of the economy to the socialisation of finance. A small step for the lawyers, a huge step for mankind"
He knows that "financial market" is making money on money. For most people that is making money "out of thin air". Nothing is produced, nothing comes to a person to give better life... It is a game that when you sum up (if you do) the result is .. ZERO!
And who will pay in the end...yes you are right, you and me.. AIG is the example. Then he comes to the conclusion that "you and me" should own this to! Many calls that "Socialism"... is it?
Was Karl Marx right over 100 years ago? I can't give you the answer. The only fact is that interest for his book "Das Kapital" have increased enourmous ! Link for more reading
Was Karl Marx right over 100 years ago? I can't give you the answer. The only fact is that interest for his book "Das Kapital" have increased enourmous ! Link for more reading
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