Keep up with the news by installing RT’s extension for . Never miss a story with this clean and simple app that delivers the latest headlines to you.
View full story
We need to re think economic activity, and how it is structured and managed. The invisible hand of "Adam Smith," In the early days of capital expansion, labour was one of the major prerequisites of the industrial, agricultural production cycle. Agriculture, has modernized to an extent whereby labour is not the highest proportion of the, factors involved. The same with industrial production. So in this highly mechanised, hi tech, capitalism, where are the jobs? Easy, you have been made redundant. Therefore, if you cannot think of a way in which to sustain yourself and family, tough.
No doubt if productivity doesn't improve debts will become more onerous if interest rates aren't kept artificially low. That is not only a moral hazard, or bluntly, welfare, but also sustains untenable positions, and prevents better investment, leaving the only option for Keynesians to find more suckers for this Ponzi scheme, and so prevent developed economies from having to lower their standard of living to less-developed countries' level. Bernanke's notion that the US, Europe and Japan require lower rates is not only ludicrous, but actually criminal.
Authorization required for adding comments
You must follow the link in the confirmation
email before you can log in.
Resend confirmation email
Don't forget to check your spam folder
The confirmation email has been sent
To complete a registration check
A password has been sent to your email address
Retype new password
Ron Paul: US ‘foolish’ to take on ISIS & Melissa Bell on new media
New Russian sanctions and Nomi Prins on bank fraud
9/11 legacy & Prechter’s chief analyst sees market topping
© Autonomous Nonprofit Organization “TV-Novosti”, 2005–2014. All rights reserved.