The world is witnessing a break down of the ruling-class legitimacy. The immense structural inequalities in the world can no longer be maintained through social control. People are taking out their anger on the streets about rising unemployment, the high costs of living, and the political injustices done to them by their own governments. The established order can no longer maintain itself where the wealthy profited off the systems periphery. Many factors comes into play and most importantly it is because of the relationship between “Debt” and “Credit” that the world is at the brink of economic collapse.
Tag: Economics
Intervention from the State
Theory of “pump priming” was born. The massive growth continued ever since the Great Depression. “Instead of the problem of too little money, we are faced with the problem of too much money. People came to believe that free market capitalism has failed.” But it is a failure of government, ever since the government has been fine tuning the economy.
Marlon Brando: The Ugly American
The people of Sarkan do not want Freedom Road to bring economic development; it is difficult to subvert people who live comfortable lives as they have been… Read more “Marlon Brando: The Ugly American”
