Thursday, 27 September 2012

The elite

There is a corporate elite, a banking elite, a political elite, an academic elite... yet none of these elites have done anything to address the underlying key problem of the global economy. The money profit capitalist market economy has been good to elites for the past 40 years, but has systematically gutted the underlying economy so that most people now have no buying ability, and GDP cannot grow. Central banks create State money... banks create bank money... now it is time there is an institution to create jobs money so that available people can go to work doing things that we really need... food for the hungry, homes for the homeless, medical care for the sick, education for children, infrastructure, environmental remediation, and so on. A value seeking market economy would deliver a very different global society than one where the only metric is money profit and growth of wasteful excessive consumption.
By Peter Burgess, comment from