An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Saturday, October 8, 2011
Farage Defines European 'Economic Governance'
Somewhat recent video of UK-MEP N. Farage speaking about the emerging system of 'Economic Governance'. His usual provocative and confrontational style of oratory on display (you 'gotta love it).
True words, we are repeating history... again. Why humanity is so unable to learn from their past mistakes? Why irrationality always triumphs?
As long as we don't deal with these problems, our progress will be always cut lose by things just like financial and monetary shenanigans, and ultimately by violence and destruction.
What goes by the name "capitalism" today is incompatible with democracy. It isn't capitalism at all. It is state capture by the 1%. That way #OWS is about here in the US, too.
True words, we are repeating history... again. Why humanity is so unable to learn from their past mistakes? Why irrationality always triumphs?
ReplyDeleteAs long as we don't deal with these problems, our progress will be always cut lose by things just like financial and monetary shenanigans, and ultimately by violence and destruction.
He nailed that one. "Death of democracy."
ReplyDeleteWhat goes by the name "capitalism" today is incompatible with democracy. It isn't capitalism at all. It is state capture by the 1%. That way #OWS is about here in the US, too.