Mar 23

Workers declining share of wealth and productivity gains has been hidden by rubbish inflation numbers and massive expansion of credit and housing bubbles for over 30 years. This has combined with greater financialisation and the voracious appetite of those who take no risks – known as bankers mostly but large corporates too. 2008 has actually accelerated the trends without altering one thing indeed greater and greater percentages of wealth are controlled by a small elite who make risk free gambles and get to load the debt on the populace through their politicians. Continue reading »

written by reaction \\ tags: , , , , , , , ,