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What banks are doing is "a regular cycle" of modern capitalism (although this sounds like nonsense) - greed. This time was HSBC, yesterday was Deutsche, and tom
by dig1 4y ago
What banks are doing is "a regular cycle" of modern capitalism (although this sounds like nonsense) - greed. This time was HSBC, yesterday was Deutsche, and tomorrow, who knows. I'd suggest reading a light book from Yanis Varoufakis called "Talking to My Daughter About the Economy: or, How Capitalism Works--and How It Fails" [1], where he explains how this cycle fuels the synergy of a modern economy, capitalism, and politics.
[1] https://www.amazon.com/Talking-Daughter-About-Economy-Works-ebook/dp/B076H4WMY1?ref_=ast_author_dp https://www.amazon.com/Talking-Daughter-About-Economy-Works-...
- cscurmudgeon 4y ago> What banks are doing is "a regular cycle" of modern capitalism (although this sounds like nonsense) - greed. This is not capitalism though. Like True socialism/communism, True Capitalism has never been tried. This is all crony capitalism with state protection.
- chaostheory 4y agoAgreed. Also if people are going to constantly bring up late stage capitalism, we should also talk about late stage socialism. Late stage capitalism tends to happen more often and much sooner.
- fmajid 4y agoAnd late-stage socialism ends up with 50M dead as under Stalin or Mao. Pol Pot tried his best to keep up, but he just didn't have that many Cambodians available to murder.