Wednesday, 26 May 2010

Just So

"This is a tragedy. The core problem over the past few decades was not bankers' greed or the complex financial instruments that enabled them to satisfy it. It was the immense pyramids of debt built up by the Anglo-Saxon half of the world, and the equally massive mountains of savings created in the other. Almost everything that occurred in the past couple of years was, directly or indirectly, a consequence of this........in what must count as the most momentous economic policy failure in modern history." More Here

Capitalism seem to be to have forgotten it's Protestant roots, Maybe these folks can help us out, its really quite simple, profitable business is repeat business. How can Germany and China hope to run an strong economy in the long term by in effect helping bankrupt their customers?

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