Archive for the ‘globalisation’ tag
Globalisation: sleepwalking to disaster - Ann Pettifor
The least informed of all appear to be orthodox economists. Most are busy engaged in arcane and irrelevant research well distanced from the real world of global financial engineering. They have befuddled consumers with convoluted arguments that explain (for example) that property prices rise because of “supply and demand” for housing, not because of “easy money”. We are about to discover that demand for houses shrinks massively when the tide of “easy money” flows out of the economy.
