Tag Archives : banking system

British Prime Minister Gordon Brown announced that the agreements resulting from the G-20 summit in London are not about mere words but a global plan of action to end the currently raging world recession. The immediately pledged measures from the world’s richest economies total $1 trillion. Some of the measures include: increasing the resources of [...]

The answer is no. The paranoid capitalists think that when a government rescued the banks, the state has taken over. And, therefore, capitalism is dead and long live the State. The triumphant left-wingers think that when a government rescued the banks, free market is rendered inutile. And, therefore, open markets are dead and long live state control. [...]