Sadly we have had more than 40 years of neo liberal economics made worse by using debt instead of gold by having a fiat – printing money system. The economists in the US including Janet Yelland all go along with this fraud, also Mark Carney. It has become an elite cult, a belief system whose ‘bible’ was written by Milton Friedman and Hayek. It’s 10 commandments include the deluded belief that the’market’ decides price. That public service should be replaced by privatisation. That protection in law must be given to shareholders above all else. That takeovers and asset stripping produces growth.
In other words these ridiculous assertions are believed and it has become the RELIGION of global corporate capitalism.
That is why the leaders in the US, GB, the EU have not taken action to protect the planet but financed and allowed and are still allowing the burning of fossil fuels, use of deadly pesticides in unsustainable food production, unlimited production and increase of plastics despite its destruction of the oceans, in landfill, in its burning in incinerators.Â
The 10th commandment that profit must be obtained by lowering wages across the globe and moving production to achieve this has led to the impoverishment of at least 50% of the world’s population while a handful of billionaires would have to live 10,000 years to be able to spend a quarter of what they have accrued.
Only urgent System Change can Save the planet and life on Earth.
Mollie Collins
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