Friday, July 17, 2009
Excesses of Finance and Goldman Sacks: What is the Solution?
The Wall Street Journal is criticizing the excesses of the system. And Huffington Post is quick to collect excellent evidence of the problems with our current system. However, the solutions proposed here and by Ms. Pettifor are too modest. We need more participatory democracy and a share economy where all risk is shared proportionally. Everyone agrees that the patient has a disease; but noone can agree on a remedy.