Tag Archives: financial economy

The God that Failed: the 30-Year Lie of the Market Cult

This article illustrates the schizophrenic behaviour of our governments: there is always enough money for ‘bad boys’ (war, financial economy) but never enough for ‘good actions’ such as health, environment and education…

The God That Failed: The 30-Year Lie of the Market Cult By Chris Floyd

Perhaps the most striking fact revealed by the global financial crash — or rather, by the reaction to it — is the staggering, astonishing, gargantuan amount of money that the governments of the world have at their command.
In just a matter of days, we have seen literally trillions of dollars offered to the financial services sector by national treasuries and central banks across the globe. Britain alone has put $1 trillion at the disposal of the bankers,
traders, lenders and speculators; and this has been surpassed by the total package of public money that Washington is shoveling into the financial furnaces of Wall Street and the banks. These radical efforts are being replicated
on a slightly smaller scale in France, Germany, Italy, Russia and many other countries.

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