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egbert
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by egbert » Sun Mar 27, 2011 9:31 pm
Michael Hudson (economist)
His forthcoming book, The Fictitious Economy, is among the first to explain to general readers how a corrosive bubble economy is replacing industrial capitalism via debt-financed, asset price inflation with the main purpose of increasing balance-sheet net worth, benefiting a select few[13] while spreading risk among the general population.
http://en.wikipedia.org/wiki/Michael_Hu ... onomist%29
http://michael-hudson.com/
''The only way to reduce the number of nuclear weapons is to use them.''
—Rush Limbaugh
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Gawdzilla Sama
- Stabsobermaschinist
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by Gawdzilla Sama » Sun Mar 27, 2011 9:33 pm
Ein Ubootsoldat wrote:“Ich melde mich ab. Grüssen Sie bitte meine Kameraden.”
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.Morticia.
- Comrade Morticia
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by .Morticia. » Sun Mar 27, 2011 10:08 pm
Gawdzilla wrote:
that's what a mature capitalist economy is
:shrug:
Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies. ~ Marx
Do you really think it is weakness that yields to temptation? I tell you that there are terrible temptations which it requires strength, strength and courage to yield to. ~ Oscar Wilde
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JOZeldenrust
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by JOZeldenrust » Sun Mar 27, 2011 11:11 pm
.Morticia. wrote:Gawdzilla wrote:
that's what a mature capitalist economy is
:shrug:
Not entirely, but it is what you get when the people who decide corporate policy are given incentive to crank up share prices, either because they're working on behalf of hedge funds or because they're rewarded for short term high risk gains through a perverted bonus structure.
Inflate and liquidate.
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