Britain is heading for another 2008 crash- David Graeber

nexus · Post by **nexus** » 28 Oct 2015, 14:34

The government wants us to believe our economic growth is sustainable, and that budgetary surplus will fix all our problems. But these are dangerous myths.

interesting article spelling out what he calls the' taboo' at the heart of economics.

http://www.theguardian.com/commentisfre ... ry-surplus

PS_RalphW · Post by **PS_RalphW** » 28 Oct 2015, 15:16

Seems like a very BAU economic model - it simply looks at the relative load between different sectors of the economy and concludes that the rich are shafting the poor. That is an eternal verity but it's implication is that if you spend enough money then the economy will grow and all our problems will go away. It shows no insight into our underlying economic problems, too much debt and not enough resources left.