the crisis of capitalism via RSA Animate

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the solution to the credit crunch

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This is simply incredible! William F Engdahl proposes that the US government takes into receivership the five largest financial institutions in America and fires their entire management with no recourse. The reason? - They own 95% of the dodgy financial vehicles that are clogging up the credit system and were primarily responsible for their creation in the first place. Its a simply astonishing prospect. Expect him to die in a tragic accident very soon.

Britons' disposable income plummets

"We are working harder, but we are not getting any wealthier. We are just running to stand still." is how one commentator put it. That analogy of the Red Queen from Alice in Wonderland has been used for so many different things that I relish each and every new application of it. So apt, the image of running at full pelt on a treadmill carrying you backwards just to remain stationary upon a spot on the ground.

Anyway, enough of my pretentious twoddle. The point is that, although economics remains a well-researched field with ample past records to guide those in charge of our current economy, they still can't get it right.