Mechanism of a looming economic crisis
Not so long ago @stellabelle posted a wonderfully clear explanation on what Blockchain really is. I think I have found something equally interesting in the realm of economy.
In this lecture, professor of Economics Emeritus at the University of Massachusetts, Richard D. Wolff, with most elegant clarity has revealed a mechanism of crisis behind which lies a collusion between plutocracy and corrupt governments.
He is explaining legal tax evasions, creation of industry of food that kills people, criminal banking system, HSBC’s “red alert” for the imminence of a recession hitting the American and global economies, and in the last 36 minutes he dismantles a perverted system that allows to the richest to get even richer at the expense of the rest of the World.
Global Capitalism: A Looming Economic Crisis [October 12th 2016, 87 min.])
Now, if this lecture does not awake your instinct of survival, then I’m afraid, you’re already dead. Condolences. But in case you’re still alive and worried about your future, you just might like his January lecture, with a proposed alternative.
Global Capitalism - Fixing Capitalism v Moving to Another System [January 2017, 82 min.]
good article, interesting to read
It’s far more interesting to listen what professor Wolff is talking about. Trust me, you won’t regret lost time.
yes, it is more interesting to listen to, you are right