After recent evens economically world wide it has become very apparent to myself and others, especially in the west, that our economic system in it’s current form simply does not work. Even if the world recovers back to it’s previous state before the credit crunch without a change of way things are done it will just be a matter of time when the world slips back into a state of depression again.
After all the world suffered similar depression in the 1980s which was followed by the boom in the 1990s and 2000s built on credit not real economic growth which certainly caused the credit crunch as banks leant money to people and companies who simply could not pay it back.
Now as we slowly see the world climb out of the same situation now all I see is exactly the same mistakes being made by those people in power, especially in Banks, who caused all the problems in the first place. Through the whole sorry affair these people have not suffered and kept their positions regardless of the fact it was their incompetence and greed which caused the problems themselves.
It is high time we as a people in the United Kingdom and beyond started to demand a change in the way our economies are run and managed as rather than trusting the existing capitalists and politicians again who made mistakes in the first place to remove them and replace them with people who put people first before profit.
Don’t get me wrong there is nothing capitalism but I do have a problems with our Capitalists in the west who have put profit before both their own workers and customers who live opulent lives off the backs of hard working people in their ivory towers. These people so stupid and blinkered they cut cost and wages at the expense of the quality of the goods and their workers lives then they moan about the fact their businesses are not making enough profit.
All I can say to them it is their own fault as they have sown the seed of their destruction as by paying their own workers poor wages they don’t have any free cash to buy their products but most of the current crop of Capitalist are far too stupid to even understand this simple fact. So the next time some Capitalist moans about reduction of profits just remember they are directly responsible for this because they put profit before a living wage of their workers!
Please Note: If you are interested in a more personal journal of mine just follow the link to Acta Spiritu Amisso.