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@ObiWomKenobi
Noticed there is no thread on this. Seeing as we are all getting screwed/about to get screwed I would like to hear peoples views and/or have a healthy debate.
A friend of mine is applying to Barclays Wealth and one of the questions they asked him is "What would be your recommendations to stabilise the world economy?"
Surely this is slightly paradoxical, as banks make money when there is no equilibrium. Infact, I would go so far as to say that an unstable economy is the aim. It produces opportunities, be they in arbitraging commodity prices or fucking up governments of 'lesser' countries by kicking bond yields into outer space etc, but these opportunities are only accessible by the '1%'. i.e. the rich get richer if there is instability.
We have seen the Occupy movements in many countries and keeping in mind writings of all scholars, from Adam Smith and Keynes right through to Kropotkin and Marx, what are your thoughts?