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| Image from noiselabs.com |
Repeated short term cycles of financial market collapse plus bailout reveal the money sector cannot govern itself, as it currently does. Intervention, as well, is not helping productivity given the financial sector enjoys subsidies not enjoyed by sectors.
Global economic weighting has become financial in nature. Financial markets command a billion times more worth than all the global tangible assets put together. This dangerous imbalance increases crises also the financial sector crowds out real sustainable economic growth, worsening unemployment.
In the next few decades, good government will have to intervene and facilitate the move back to sustainable production.These policy shifts will not be painless, as the generations of tomorrow will have to pay for our carelessness today.
