Welcome to The Gods That Failed blog.
Our new book was published on 5 June by The Bodley Head, and we've set this up to give ourselves, and the public, the chance to learn about and discuss the economic crisis that we're currently all facing.
It's high time people realised how and why we've reached the state we're now in. The Gods that Failed argues that we need a new system: instead of an increasingly risk-prone, privatised, profit-driven economic model overseen by a largely unaccountable and speculation-obsessed elite, we need an economy that is run and regulated in the interests of ordinary people.
Posted by Editors on June 11, 2008 at 3:57 pm
‘The timing of Bernanke’s comments is important: there is a concerted effort by the Fed, the US treasury and the White House to talk up the value of the dollar in order to lower the cost of imports - especially oil - and to boost consumer spending power.’ Read Larry’s article on why Ben Bernanke, chairman of the Federal Reserve, may be too optimistic about the USA’s economic future.
The economic slowdown has been developing for a while. In this NBC report, Mort Zuckerman, the American real estate billionaire, sees America as being in ‘about the fourth inning of a nine inning ball game.’ Interestingly enough, the interviewer sees it as a ‘perfect storm’.
Posted in The Credit Crunch, Housing, Background | ^ Top
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