Economics of the Madhouse
Politicians and opinion-formers, please stop listening to the “moneymen”. Go back to first principles and start using some common sense.
I do not know about you but I am finding myself baffled, irritated and confused by the World Bank, the European Central Bank (ECB), the IMF and a few other acronyms that seem to dominate the news. I did not vote for any of these organisations, so why do they have such an influence on my life, the lives of the rest of the British public and the lives of tens of millions across the globe. They seem to be running the world. The news is dominated by the “market”. On our television screens we see people staring at screens and pressing buttons. With a few strokes on a keyboard these people hold the lives of millions at their mercy. How did it come to this? What sort of a system have we created that gives so much power to these people? How is it that these people, who are entrusted with the money made by working people, end up gobbling up the money for which people have laboured so hard? How were they ever allowed to have such a stranglehold on the lives of millions?