S2 Ep48. The long pause. The Crisis of our Times. Part 21. - a podcast by Alan Mulhern
from 2021-01-28T20:20
The Economic Crisis, the next horseman of the apocalypse, is updated and explained. We are currently in a pause as the underlying malaise is disguised by money creations and bail outs. But this only postpones and augments the crisis to come.
# The post 2007/8 Global Financial Crash led to a new stage of capitalism in which massive government intervention in the financial system became the new paradigm
# This was accomplished through cheap and abundant money, propping up of the financial system at all costs
# Moral hazard has increased enormously
# Zombified companies have saturated the economy
# Stock markets have become disconnected fro the real economy
# Inflation in asset and housing prices have been typical of many counties.
# Increasing inequality
# Paralysed or declining productivity growth rates
# Astronomical and un-payable national debts which are ruinous for the future
# Price discovery, the essence of the free market system has been substantially eroded
Useful links for this episode:
https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?end=2019&start=1973
https://www.worldbank.org/en/research/publication/global-productivity
Further episodes of The Quest: Vision in an age of Crisis. Economic
Further podcasts by Alan Mulhern
Website of Alan Mulhern