Comments on: Capitalism’s toxic heart/2017/12/17/capitalism-toxic-markets-economics/Andrew Curry's blog on futures, trends, emerging issues and scenariosThu, 20 Apr 2023 07:03:29 +0000hourly1http://wordpress.com/By: Changing how businesses think about transformation – the next wave/2017/12/17/capitalism-toxic-markets-economics/#comment-58644Thu, 20 Apr 2023 07:03:29 +0000/?p=8038#comment-58644[…] her book, Eve Poole quotes research that says in the age of high frequency trading, ‘owners’ own their shares for less than a […]

]]>By: Brenda/2017/12/17/capitalism-toxic-markets-economics/#comment-8019Mon, 08 Jan 2018 12:21:23 +0000/?p=8038#comment-8019This is a nicely written piece. I have not come across Dr Poole before but my impression is that she should stick to theology, where her expertise presumably lies. Her starting point is questionable. “The economy is broken and we need to know how to fix it,” We live in a world where mankind is more numerous and enjoys better health, wealth etc than ever before. This miracle has been delivered by market economies (you would perhaps use the word capitalism, incorrectly in my view as its implication is that the returns are all bagged by capital when it is quite clear that much of them are bagged by labour). In the UK there is little unemployment and immigration continues on a vast scale because people arriving can gets jobs at rates of pay that exceed (in many cases far exceed) what they could earn back home. We have had a financial crisis but have survived it in remarkably good form. 2008-2012 was not a repetition of 1929-1933. Prices are not rising uncontrollably and income inequality is falling. While take home pay has been stagnant that is not so surprising given that the amount HM Govt borrows to subsidise our current living standards has fallen dramatically, from about £3,000 per head in 2010 to about £1,000 per head in the current year.

I liked the picture too.

I will return to #1 later.

]]>