Tag Archives: economy

In the Bleak Mid-winter

Posted on December 22, 2012 by Nick Nakorn

This is not an economic depression brought about by chance or bad luck, it is a readjustment of the ratios of capital to labour in which a greater pool of cheap labour is required to service the middle-classes who, in turn, provide all the services for the rich and super-rich Continue reading →

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Do super-rich bankers represent our needs?

Posted on September 7, 2010 by Nick Nakorn

Is one of the great scandals of our age that banking executives, already rich beyond most people’s wildest dreams, should be taking huge bonuses out of a system with insufficient reserves to pay ordinary depositors; people who might have undertaken great hardships in order to save sufficiently for their retirement or to help their children. Continue reading →

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment