Re: western economy failure down to crony capitalism ?
For the past 30 years we have followed the model of free market crony capitalism and neo-liberal democracy and look what it has brought us, nothing but a massively increasing wealth gap, lower wages (in real terms) for most of us, the (continuing) rapid increase in the wealth of the business and political elite, the decline of the welfare state and several rescissions and in our case a depression!
We have to pay out taxes and face wage and benefit cuts at a time of rising prices and yet the rich have never had it so good, their wealth is rising and they are have a very good and luxurious lifestyle, they can afford expensive property, yachts and planes and goods!
The Wealthy and Business have infiltrated the UK, USA and most of the world’s political systems for their benefit and our expense, a side effect of this of this is that social mobility is at a low point. This is one of the main causes of last year’s riots and demonstrations and along with the Eurozone crisis.
Yet they insist in public spending, welfare health and education cuts and underinvestment and yet we have a serious problems with tax evasion, trillions each year are stolen from the government!
Another effect is that our politicians care only for the rich and not for us, the media aid them with propaganda from Rupert Murdoch (who I would describe as the political and business elites press secretary) and other media barons!
I suggest that to reform business, we need a global government that will care only for the ordinary people and not for the wealthy, we need to old order to go and we need to reorganise and monopolize, nationalize and even mutualization of the private sector and a less business friendly and much larger sector and that is just the start!