A more realistic interpretation is that the power elites fear that their party is over if governments return to supporting higher levels of employment and more equitable transfers of national income including a sensible (and necessary) realignment of real wages and productivity growth. They also fear that a new regulative environment might force them to work a bit harder for their living and stay within the law more often. This elite controls much of media and has its lobbying tentacles right into all major governments. They are not shy to spend big money bribing officials and cheating the “markets” – which they hold up as the pure form of freedom and entrepreneurship.
in the time remaining, to help us understand how the man-made system of capitalism will lead to the extinction of our human species, and so many others.
Thursday, March 18, 2010
Hyperdeflation, followed by rampant inflation
from Billy Blog. This article provides a good analysis of the issue of deficit government budgets and the way media has flamed the issue to serve the interests of the governing classes.