Each time this modern variant of financial capitalism gets ahead of itself, the main players – who are usually content pocketing excessive profits – always come running back for life support from the state.
The privatise the gains, socialise the losses story. Repeated.
A view in Monaco with yachts moored at Port Hercules during the 22th edition of the International Monaco Yacht Show. The Monaco Yacht Show is considered the most prestigious pleasure boat show in the world with the exhibition of 500 major companies in the luxury yachting and a hundred super and megayachts afloat. The event runs until September 22. (Valery Hache/Getty Images)
A few web searches will reveal that the UK media is, as one, suppressing and hiding crucial information about the world from you. It is no longer wise to assume that you’re being told the […]
“For a monetary system that professes virtue because it is so rule-driven, the day-to-day reality is a sort of ad hoc adventure where there are no rules.” Read here
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